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The Dealmaker: 4/12/2018

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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




Aviva in Mesa completes Phase I. • Four buildings •166 units • 8340 E. Baseline • Housing Trust Group’s first AZ foray • Mark-Taylor managed • Indoor amenities include a 24/7 virtual trainer • The outdoor centerpiece is one of the largest pools in Arizona • More at AZRE including a poolside pic and open-house info, plus details and timeframe for completion of Phase ll. http://bit.ly/2HdZpIP

Tech savvy Aloft Hotel coming to Westgate. “The 100-room, four-story Aloft Hotel officially is under construction with Tuesday’s groundbreaking ceremony at Westgate.” In coverage of the groundbreaking, AzBigMedia  reports that the “new hotel is designed with millennials or Generation Y in mind… ‘providing a hip, modern atmosphere at an affordable price.’ ” —> http://bit.ly/2GX1Pfi

Peoria’s P83 lands hotels, expanded dinner theater and restaurants. “P83… is bouncing back, city leaders and business owners say. They point to the arrival of new locally owned restaurants, plans for two new [‘four-story’] hotels and the expansion of Arizona Broadway Theatre.” And AZCentral also reports that officials have started the process of addressing some emerging eyesores and high-profile vacancies in the area as well. http://bit.ly/2JFg3iR 

Large RV resort proposed at Morristown. “CVL Consultants of Phoenix is notifying neighbors in the area that an application for a special use permit and comprehensive plan amendment has been filed with the Maricopa County Department of Planning and Development asking for approval of the 127-acre [749-space] development.” For a drone’s-eye view of the site and a bit more detail courtesy of The Wickenburg Sun, tap it: http://bit.ly/2HfitX7

House rentals outpace apartment boom. “[S]ingle-family rental homes have become ‘Plan B’ for those anxious to break out of their apartments [but are unable to] buy a house…” Among cities experiencing the largest surge in single-family rentals (2007-2016), one metro close to home leads the pack. Infographic highlights from the RentCafe’ study at REALTORMaghttp://bit.ly/2GV81oo

Boomer buyers want to make new friends. Shea Homes “surveyed more than 1,000 home shoppers above the age of 50 nationwide” — and Builder has the findings from the study of these lonely boomers, including the percentage who “say they have made zero new friends over the past year.” http://bit.ly/2GW0Nw4

Housing share of GDP. “With the release of the final estimate of fourth quarter2017 GDP growth, housing’s share of gross domestic product rose slightly… The home building and remodeling component… also increased slightly… ” For the figures — all plotted out in a graph that features a trend-line whose high points resemble the jagged peaks of the Sierra Estrella Mountain range — hike over to Eye On Housinghttp://bit.ly/2EGV8Im

South Mountain Freeway bridges to provide needed crossings. “The longest bridges on the Loop 202 South Mountain Freeway, two half-mile-long spans over the Salt River, are emerging in Laveen.” View a photo of the bridge construction — which “is now two-thirds complete” — and get a progress update on the entire freeway build, in Queen Creek Independent. http://bit.ly/2IPSCSu

Kingman Council forms Water Sustainability Committee for City to be proactive about the issue. “Kingman has historically been reactive as opposed to proactive on the issue of water.” But one city councilman “hopes the newly instituted Water Sustainability Committee will reevaluate that frame of thought” and “help Kingman look after itself when it comes to water conservation and related issues.” Kingman Daily Miner. http://bit.ly/2qxlTLp

Gila River Indian Community mourns death of tribal leader. Rodney B. Lewis “was the first Native American attorney to be admitted to the State Bar of Arizona Bar and the first Native American attorney in the nation to argue and win a case before the United States Supreme Court.” On Tuesday, he passed away at the age of 77. Much more on the life of Rodney B. Lewis, “a giant of the legal profession,” in AzBigMediahttp://bit.ly/2qqu1wc 

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

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!

Search is on for immigrants victimized under Arpaio’s watch. “[There are] an unknown number of non-criminal unauthorized immigrants wrongfully detained by Maricopa County Sheriff Joe Arpaio’s deputies from 2011 to 2013…. In September, Maricopa County set aside $1 million to locate and compensate the wrongfully detained immigrants.” But where are they? Arizona Center for Investigative Reporting. http://bit.ly/2v6bn2o

OUT FOR THE COUNT? – Arizona residents join suit to stop citizenship question on census. Two Arizona residents “joined with several Maryland residents to ask U.S. District Judge George Hazel to declare that Commerce Secretary Wilbur Ross acted illegally in requiring that all residents answer the question,” reports Capitol Media Services’ Howard Fischer. Plaintiffs charge the question is unconstitutional and also “cite actual financial and political losses likely to befall Arizona” if the question is added to the “decennial count.” Arizona Capitol Times. http://bit.ly/2qqgCoI

As Fair Housing Act turns 50, landmark law faces uncertain future. “Fifty years after passage of the Fair Housing Act — a law intended to end housing discrimination and increase homeownership among minorities — key enforcement provisions of it are being dismantled by the federal government… Housing advocates say the constantly changing federal approach has held back progress.” Governing. http://bit.ly/2GRMrkl

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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