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The Dealmaker: 4/11/2018

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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



EXCLUSIVE: Monday the Federal Government approved Governor Ducey’s designated 168 opportunity zones across Arizona. Today Rose Law Group explains how Arizona land owners and investors can benefit from this new tax incentive. Rose Law Group founder and president Jordan Rose, and Dan Gauthier, lay out primary tax benefits available to those who invest in these Opportunity Zones. Plus Designated Opportunity Zone maps that may be of interest to you — Tucson; Casa Grande, Coolidge, Florence; Phoenix Metro; Central Southern Arizona; and Northern Arizona. http://bit.ly/2ILjgvQ

Affordable & luxury meet at 17th & Camelback. • C17, a luxury multifamily project • 330 market rate units in a building with a 9.8KSF footprint • On the SW corner of a “Gritty” intersection • Proposed by United Capital Partners, LLC and VIVO Development Partners • Further project details in this AZBEX report from Roland Murphy • Including aspects of the proposal that Murphy finds “particularly interesting.” http://bit.ly/2JDzfNY

Developer to share Surprise City Center update; Plans could include multifamily, spring training housing projects. Carefree Partners VP Scott Phillips “will provide an update on proposed and potential plans” for the “roughly one-square-mile of parcels around City Hall” at a Surprise City Council work session. YourValley has a preview of Phillips’ upcoming presentation. Is a “revived” Mattamy Homes’ project in the works? http://bit.ly/2v8hvqR

Upgraded Province home most expensive in Maricopa. “The house was on the market nearly three months and had $20,000 shaved off the asking price.” For a rundown on this upgraded “one-owner, waterfront property,” plus info on the other four top sellers, tap to InMaricopa.http://bit.ly/2qouGhH

Least expensive home a ‘fire sale’ bargain. The home “was worth $272,000 in 2005 but this year was listed at just $25,000 [!!!] after extensive fire and smoke damage.” Check out the pic (featuring naturally smoked-glass windows near the entryway?) and find out how much the place sold for “as-is, sight unseen”; plus, get info on the four other top bargain-basement deals, at InMaricopahttp://bit.ly/2EBoE29

Hope Clinic brings a healthy vibe to downtown Globe. “Perhaps the largest remodel to take place in Globe’s Downtown District in the last twenty years,” is how Globe Miami Times describes the ongoing transformation of a 16,000 sq. ft., Sears-built, “two-story brick building” into Hope Clinic, a medical practice that will also house “a healthy eatery and retail space downstairs and an expansive yoga/multipurpose room and offices upstairs.” http://bit.ly/2Hfs1RP

Leading Market Series round two: Healthcare.AZBEX recaps its “new monthly event that focuses on a specific market sector and brings in top owners for a panel discussion,” in this case, healthcare. Michael Brinkley, Pacific Medical Buildings; Sheila Schmidt, Ryan Companies; and Chuck Kennedy, Grosvenor Holdings — each “provide an update on major projects they have in the works.” —> http://bit.ly/2GQ8LLx

[VIDEO]Watch robots build a timber frame in no time. “In a new exploration of digital fabrication, researchers at Swiss university ETH Zurich partnered with Gramazio Kohler Research and ERNE AG Holzbau to develop an all-in-one timber construction system run by robots.” Via Curbed. http://bit.ly/2v4C1bQ

As materials prices rise, margin pressures intensify. “Momentum at the lower-end calls for a double-down on discipline on per-square-foot costs to preserve profit and keep prices within reach of entry-level buyers.” By John McManus, in Builderhttp://bit.ly/2Jz0dGl

MOVIN’ UP! – Phoenix makes big jump in ranking of best places to live in the U.S. The Valley rocketed up to “19th place from 44th place last year in the study by U.S. News & World Report.” What’s behind the upward trajectory? All the people that are moving here! See the rankings and get a breakdown of the study at AZCentralhttp://bit.ly/2v8qGHI

Queen Creek holds the line on raising primary property tax. “As revenue from primary property tax has increased… town officials say they will not raise taxes on the November election ballot to help continue paying for public safety services.” Further details on the matter along with a “breakdown of Queen Creek’s primary property tax revenue” and its “fiscal year budget forecasts” — in Queen Creek Independenthttp://bit.ly/2GQLvNh

Cameron’s $5M + deals of the day –http://bit.ly/2qnGz8b

Valley’s Best Kentucky Derby Party getting here as fast as the horses – http://bit.ly/2HqEShJ


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


Doctors pained by push for opioid prescription limits. “These limits… are now being considered in Congress, with a bipartisan group of senators proposing to set a cap on first-time prescriptions for acute pain. But the opioid limits have sparked opposition from the American Medical Association. It warns that the opioid rules are arbitrary and inhibit a doctor’s ability to care for their patients on an individual basis.” The Hill. http://bit.ly/2ILNYFo

A major city’s solution to teachers’ money problems: Let them live at school. “A preliminary proposal before Miami-Dade County outlines plans for the construction of new apartments on school property, which would be rented out to low-income people but give preference to school staff. But do teachers want to live where they work — even if it means cheaper rent?” Governing. http://bit.ly/2GUeNGZ

Skanska engaged in Phase One of EdgeCore Mesa construction Read more

Lennar to Sunset Farms Read more

Estrella Bolsters Home Builder Portfolio With Courtland Communities Debut Read more

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