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The Dealmaker: 4/9/2018

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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


Q&A with Jackob Andersen, President and CEO of Saint Holdings. (Disclosure: Rose Law Group represents Saint Holdings.) Saint Holdings’ chief chats with RLGR’s Callan Smith on a variety of topics, including the company’s various projects across Arizona, the market outlook for Coolidge and Casa Grande, and his perspective on the approved Pinal Roads and Freeway proposition. He also discloses what drives him — where he gets “so much energy” — and touches on life as a Londoner and what prompted the move to Arizona. http://bit.ly/2IDEHiy

Pulte begins first of three neighborhoods in Mesa’s Cadence at Gateway. • The Estate, Cactus and Cyprus • 193 one- and two-story homes • Fifteen floor plans • Near the SE corner of Ellsworth and Ray • Pulte, in partnership with Harvard Investments • Further details along with link for even MORE INFO available in Rose Law Group Reporterhttp://bit.ly/2HnMvWm

Investor named after mythical hellhound is snatching up metro Phoenix’s affordable houses. “Cerberus is the monstrous multiheaded dog in Greek mythology that guards the gates of the hell.” It’s also the name of an investment group that has “snatched up almost 600 Valley homes priced below $300,000 since November.” And while it’s “unclear what Cerberus Sfr Holdings plans to do with its rapidly growing cache,” AZCentral real estate reporter Catherine Reagor has uncovered a clue. http://bit.ly/2ExXYzr

At Wickenburg, golfers can snag a house in one. (Disclosure: Rose Law Group represents Shea Homes.) Shea and Infiniti of Scottsdale have teamed up for Wickenburg Ranch’s Great Hole-in-One Challenge. Participants acing a hole at Li’l Wick or Big Wick courses will get a chance to repeat the feat at the Challenge Final on April 28 to win a 2-bedroom, 2.5-bath Shea home valued at more than $575,000. Proceeds from the challenge benefit the Wounded Warrior Project. Further info in Builderhttp://bit.ly/2ExIP0X

Here’s what your salary should be to afford an average Arizona home. “The study [by cost info site HowMuch] takes into account a down payment of 10 percent and expects home owners to spend 30 percent of their annual income on their mortgage… Hawaii and West Virginia were the most and least expensive states to live in, respectively.” And Arizona? View the mapped- out, coast-to-coast costs at KTAR. http://bit.ly/2v2vzlA

The List: Luxury apartment complexes getting bigger as developers keep building. “Phoenix luxury apartments have grown in scope as developers look to the market to build projects for new renters.” Phoenix Business Journal. http://bit.ly/2JzLRWq 

WHO GOES THERE!?  Medieval Times breaks ground in Phoenix, to open in 2019. Perhaps the better question is, Who (or what) goes WHERE? because Medieval Times and its “79,000-square-foot castle” aren’t being built inPhoenix, but rather at the SE corner of Pima and Via de Ventura on the Salt River Pima-Maricopa reservation. AZCentral has details on Medieval Times Dinner & Tournament and the “11th-century vibe” that “celebrated” Friday’s groundbreaking. http://bit.ly/2qhNTlM

Commercial real estate advisor uses drones, plans podcast. Eddie Gonzalez of SVN Desert Commercial Advisors employs drones in aerial coverage of “new developments in the Valley as well as historic commercial buildings.” He also has a podcast in the works called “Time Kills Deals,” which will “cover topics about buying and leasing commercial real estate…” It’s all part of what Paradise Valley Independent characterizes as Gonzalez “diving into the latest marketing strategies to stand out from the crowd.” http://bit.ly/2Hkwr7z

Glendale announces new planning administrator. City Manager Kevin Phelps on the selection of David Williams: “David brings decades of strong public and private-sector experience to a division that is critical to continuing Glendale’s economic growth and success.” Williams himself says that he is “excited about the opportunity to work… to modernize the City’s zoning ordinance and strategically plan for the exciting future growth of the city.” MORE on the selection of David Williams at Area-Info.net. http://bit.ly/2GNsmb4

Maricopa residents have a go at designing a city center. In March, Maricopans had an opportunity to provide input on what the city’s “general plan describes” as “a development pattern of mixed-use core areas called Village Centers” — a place that City planner Ryan Wozniak says would let “a visitor know, ‘I’ve arrived.’” See some of the ideas that stakeholders came up with, at InMaricopa. http://bit.ly/2Hkxww9

[EDITORIAL] Our View: Nasty fights are threatening the water we all need to live in Arizona. “At a time when Arizona is facing drought and declining water levels… squabbles are erupting from Yuma to Phoenix, and it’s taking focus off the real water debates Arizona needs to have.” A piece by the Arizona Republiceditorial board. http://bit.ly/2v7gVK3

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

Turf Paradise Kentucky Derby Party returns May 5th – http://bit.ly/2GXPWoL


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

Arizonans’ tax burden less than most states, study shows. “To determine the residents with the biggest tax burdens, WalletHub compared the 50 states across the three tax types of state tax burdens — property taxes, individual income taxes and sales and excise taxes — as a share of total personal income in the state.” Tap on for the findings, expert commentary, plus “more fun (or not so fun) facts about 2018’s tax landscape,” via “WalletHub’s Tax Day Facts infographic.” http://bit.ly/2HlrDPs

Word through a senator: Ducey gun proposal has NRA backing. Prompted by the Parkland high school mass shooting allegedly by a mentally disturbed former student, Gov. Ducey’s bill includes provisions to take guns away from those deemed a danger to themselves or others. Ducey staffers told Senate President Steve Yarbrough, R-Chandler, the NRA would support the governor’s plan when a bill is introduced. Or did they? Arizona Capitol Times via Rose Law Group Reporter. http://bit.ly/2qkJHRF

Tempe’s ‘dark money’ ban spreads to other cities. “Tempe is the first city to have a dark money disclosure law squelched by its state. Phoenix voters were likely to consider a companion measure,” but in light of the Arizona Legislature having passed the bill “blocking local governments from imposing such transparency rules on nonprofit groups,” what will the city do now? Governing (RELATED, in Rose Law Group Reporter: “Secret money in Arizona is a monster, says a retiring lobbyist.”) http://bit.ly/2uZvbEr

Latinos push for 200,000 registered voters in hopes of flipping Arizona.  The state “has been considered solidly Republican for decades, but results in the 2016 election were nearly equally divided between Democrats and Republicans.” And that has “convinced David Garcia, a Democrat running for governor, that Arizona could be purple by the end of this year.” Cronkite News. http://bit.ly/2ExZEJf

THAT’S WHAT FUNDS ARE FOR? Federal funds intended for Arizona’s poorest families instead goes to child-safety efforts. “While it’s legal and within the state’s wide discretion to use the funds on cases related to child abuse and neglect, ‘that’s not what the [Temporary Assistance for Needy Families] funds are for,’ said Karen McLaughlin, director of budget and research for Arizona’s Children’s Action Alliance.” Arizona Daily Star. http://bit.ly/2Eyc8QW

SNL: The president doesn’t care about you. “Alec Baldwin’s Donald Trump struggled to read, battled to remember the names of three Baltic nations and fought to stay awake after daydreaming about Roseanne Barr at a staged press conference on ‘Saturday Night Live.’ ” (And Baldwin/Trump throws in a bit of tariff talk to boot, on Chinese “fireworks” and “finger traps.”) Replay and recap courtesy of Huffington Post, and pretty darn funny in Rose Law Group Reporter. http://bit.ly/2HlNJRP

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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