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The Dealmaker: 3/7/2018

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The Dealmaker is a daily note of the day’s top real estate stories served just in time for lunch. Bon Appetit! Subscribe here to receive the Dealmaker to your inbox



Luxury condos finished at Mountain Shadows Resort. “This week the new Mountain Shadows in Paradise Valley unveiled a luxury wing of 41 resort condominiums – including four penthouses.” Get pricing and floor plan info, and take in an 11-image SLIDESHOW of these new condominiums at the “reimagined” Mountain Shadows, in Phoenix Business Journal. http://bit.ly/2tmUu2B

Maracay Homes adds 54 ‘green’ homes on South Mountain. Navarro Groves • A gated enclave, situated just steps away from South Mountain Regional Park • Each home designed to use 30–50 percent less energy than typical homes • A public grand opening of two new model homes this SATURDAY • Did someone mention a catered lunch? • More in Rose Law Group Reporter. http://bit.ly/2FkhNeH

Concerned about a housing market slowdown? KB Home’s management isn’t. “Several years ago, KB Home laid out a multiyear plan to improve both returns and growth after getting devastated by the housing crisis… Based on the company’s most recent financials, it has already” accomplished much of what it set out to achieve. A report from Fox Business via Builder. http://bit.ly/2G2eIRE

Meadows fixer-upper least expensive home sold in Maricopa. Since 2008 this “basic home” has been on the market more than a few times. In February, it “sold for $5,000 over its list price.” Check out a pic and learn more about the place, plus get info on the four other top bargain-basement deals — location, selling price — at InMaricopahttp://bit.ly/2oR8sFb

Pool, putting green help Lakes home to most-expensive status. “On the market for more than two months and primarily used as a second home that left it in like-new condition, it sold for just $5,000 under its asking price.” Get the rundown for this Maricopa two-story, plus info on the next four top sellers, at InMaricopahttp://bit.ly/2D7x1lB

Casa Grande to release development bonds on 4 stalled subdivisions.  “Arroyo Vista, Carlton Commons, Gila Buttes and Mystic Trails… [P&D] Director Paul Tice said the developers [of these projects] have asked for [‘more than $20 million in’] bonds to be released as they have no immediate plans to build in those subdivisions.” Director Tice says in Casa Grande Dispatch that the projects are “basically being ‘put on ice…’ ” http://bit.ly/2oRaxkp

Homebuilders offer insights on local housing market. ”Pinal Partnership hosted its February breakfast at Elements Event Center… Jeremy Ramsdale of Ashton Woods and Jeff Gunderson of Lennar comprised a panel discussing the home-building and home-buying outlook” for Pinal County. And what emerged from the event for Inmaricopa — in its better-late-than-never coverage — is an extensive list of “points to ponder.” http://bit.ly/2Ic6l6C  

Reasons for not moving in 10+ years. “[This NAHB] poll asked people… the reasons they have chosen to stay put for so long. By far, the most important reason long-term residents aren’t moving is because” they enjoy “contributing” to a lack of inventory — it’s how they “get their jollies.” KIDDING. Most say it’s because they “like their home and are comfortable.” For the rest of the poll results, tap to Eye On Housinghttp://bit.ly/2D7xbJJ

Stanton touts $200M innovation center in final State of the City. Yesterday, Phoenix Mayor Greg Stanton delivered his final State of the City (he’s expected to resign in May to run for Congress). In coverage of the address, AzBigMedia zeroes in on the mayor’s remarks regarding “the most recent milestone reached on a $200 million ASU-Mayo Health Solutions Innovation Center.” http://bit.ly/2oUPdJU

56-acre industrial park planned in Mesa. The proposed industrial park, “located east of Power Road on the north side of Ray Road,” would be comprised of “16 industrial lots ranging from two to four acres each.” The sitemap along with details on the development (and its approval), in AZBEX. http://bit.ly/2D5pGmh

Orbital ATK planning expansion in Mesa. “Defense contractor and aerospace firm Orbital ATK” plans to build “a new 36KSF production and warehouse building” at its “Gun Systems facility near” Greenfield and the Red Mountain Freeway. And it plans plenty of other improvements as well. AZBEX. http://bit.ly/2FvEBvs

Optimism for 2018 construction activity. This positive vibe “is at the highest it has been in more than twenty years, according to the Wells Fargo 2018 Construction Industry Forecast report.” Report highlights and link to the full forecast at AZBEX. http://bit.ly/2oXu2Hn

Marcum Construction Index predicts robust 2018. It’s the most positive  “outlook for the industry” since 2005. “Marcum’s chief construction economist and author of the index,” Anirban Basu, cites the “recently enacted tax reform bill” as the main reason for the rosy outlook, adding: “If long-awaited progress is made on infrastructure spending the construction recovery will likely transition from solid to spectacular.” AZRE. http://bit.ly/2I8JMQw

Here are the finalists for the 2018 RED Awards. “The annual Real Estate & Development (RED) Awards are back… Each winner will be unveiled” TOMORROW at the awards ceremony being held at Pointe Hilton Tapatio Cliffs Resort in Phoenix. Check out the full A-Z list of finalists in AzBigMedia. http://bit.ly/2to3rsm

Work to start in center stretch of South Mountain Freeway. “Construction in the [3-mile stretch] Center segment, which is located between 51st Avenue and 32nd Lane and includes a section passing through the southwestern edge of the South Mountain Park, also will create five multi-use crossings and multiple drainage structures.” And all the trees, cacti, and other plants “in the path of construction,” what will happen to them? Find out at PinalCentral. http://bit.ly/2D7q8AC

‘YOU ARE NOW FREE TO MOVE ABOUT THE WEST VALLEY’ – Sky Harbor to send more planes over Glendale. “The U.S. Circuit Court of Appeals ruled against the [FAA], ordering flights out of Phoenix Sky Harbor Airport to return to the paths they flew four years ago — many of which will fly over Glendale homes and businesses. This change is set for March 29.” The full story featuring a colorful FAA flyover map showing the “old and new routes” in YourValleyDING! ♫ http://bit.ly/2FoDHh4

County supervisors add $20,000 for Mohave Valley water fight. In October, the Central Arizona Water Conservation District approved an agreement to buy farmland that “includes about 14,000 acre-feet of Colorado River water rights, of which 5,538-acre feet a year would be transferred to CAP.”  On Monday, Mohave County Supervisors “approved spending up to $20,000 to draft a complaint that would give the county legal ‘standing’ in opposing the transfer…” Kingman Daily Miner. http://bit.ly/2HexRPD

Cochise County agreement grants easement to public lands for $10. “(El Dorado Holdings) the developer planning to build the Villages at Vigneto, has agreed to sell an access easement located on its property between State Route 90 and the Coronado National Forest… The agreement will give recreational users the right to pedestrian, vehicular and equestrian access… The cost of the purchase to County taxpayers will be just $10 – the amount El Dorado has agreed to sell the easement for.” Was $9.99 too much of a dealbreaker? Who knows, because RED News doesn’t say. http://bit.ly/2FoDIl9

Cameron’s $5M + deals of the day –  http://bit.ly/2G2ps2u


As a supplement to the Dealmaker, we thought you might enjoy these articles!

Anyone notice driverless trucks on the highway? “Uber has been sending self-driving trucks on delivery runs across Arizona since November, the first step in what could be a freight transportation revolution that could radically reshape the jobs of long-haul truckers.” USA TODAY reports that “Uber isn’t alone in its pursuit of self-driving truck technology…” http://bit.ly/2FBK7fU

A RANK HEALTH RANKING – Arizona ranks poorly for health of women, children. And we aren’t trending in the right direction, either, as this 2017 ranking from America’s Health Rankings has us “four spots lower than [in] 2016.” The factors that are “worsening Arizona’s ranking” at KTAR. http://bit.ly/2HgWz2a

AG letter says Trump-Sessions kissing off Arizona in DACA case. “In legal papers filed with the [U.S.] high court, [Attorney General Mark Brnovich] accused the [DOJ] of being ‘surprisingly dismissive” of his arguments that a federal appellate court ruling requiring the state to issue licenses is impinging on state sovereignty. And he says the Trump administration appears to be willing to, in effect, throw Arizona under the bus…”A Capitol Media Services/Howard Fischer report at Arizona Capitol Times. http://bit.ly/2I86rMG

‘Dreamers’ tuition case turns on conflicts over definitions. More specifically, “who the state Supreme Court decides is in this country with ‘lawful immigration status.’ In new legal filings, the attorney for the Maricopa community colleges [said] that phrase is the same as ‘lawful presence.’ ” But AG Mark Brnovich disagrees. Howard Fischer reports in Arizona Capitol Times that this is “important” because of what Prop. 300, approved by voters in 2006, specifically says ”regarding “lawful immigration status.” http://bit.ly/2Fn7hn1

Colbert entertains thought of stealing Sen. Flake’s office rug. “Sen. Jeff Flake unwittingly became part of a ‘Late Night with Stephen Colbert’ sketch recently. The bit, titled ‘Stephen Colbert Grabs Capitol Hill By The Memo’ aimed to poke fun at the February release of the Nunes memo.” (RELATED, also from AZCentral: “Flake loses bid to extend DACA 3 years.”) http://bit.ly/2FmPI6y

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Estrella Bolsters Home Builder Portfolio With Courtland Communities Debut Read more

Rosewood Homes earns 6-Awards at 22nd Annual Elliant Homebuyers Choice Awards Read more

Multifamily Rental Rates on the Rise in Greater Phoenix Read more

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  • Published: 10 months ago on March 7, 2018
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  • Last Modified: March 9, 2018 @ 6:00 pm
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