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The Dealmaker: 5/15/2018

Posted by   /  May 15, 2018  /  No Comments

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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

 
 

 

Scottsdale Fahrenheit Festival: Arms, Legs and Kegs. Cool down or just heat up at the inaugural festival on Saturday, June 16th – 10 a.m to 9 p.m. WestWorld Of Scottsdale. Tony Nelssen Equestrian Center. Featuring the world’s most lucrative arm wrestling contest w/ Travis Bagent, an El Hefe Jalapeño Eating Contest, craft beers, and much more. Free boxes of Hot Tamales candy go to the first 500 kids in attendance. (We’re betting there’ll even be some ‘adult kids’ jockeying for a box or two!) Two free tickets for Dealmaker readers, use this code: ROSELAW. More info here: http://bit.ly/2IisELM

Parcels appraised at combined $52.1 million to be auctioned by State Land Department in June, July. • 93 acres located south and west of the SW corner of 19th Avenue and Bell • 10 acres located at the SW corner of 27th Avenue and Deer Valley • 125 acres located at the SW corner of Lake Pleasant Parkway and Deer Valley • Further auction info in Rose Law Group Reporterhttp://bit.ly/2GgUzpC

LDS Church to assist renters displaced by redevelopment near Mesa temple. AZCentral reports that the “investment arm of the Mormon church will assist Mesa renters living in church-owned properties in finding new housing after asking them to vacate for planned redevelopment…” http://bit.ly/2rGTgfi

$18.8 million home is latest Arizona record holder as top-end prices soar. “According to Realtor.com, the new record holder is a 16,602-square-foot [Silverleaf] palace built on 29.8 acres 2009. It originally cost just under $3.8 million.” A bit more on this and other recent record-setting home sales in the Valley, at KTAR. http://bit.ly/2rGStem

Metro home-price growth quickens to 5.7 percent in the first quarter.“Fifty-three metro areas (30 percent) experienced double-digit increases, up from 15 percent in the fourth quarter of 2017.” Read the full NAR report and access Phoenix and Tucson data, in Rose Law Group Reporterhttp://bit.ly/2rIWPRZ

Western and some southern states lead residential permit growth. Between March 2017 and March 2018, 26 states saw growth in single-family permits issued while  25 states (and D.C.) recorded growth in multifamily permits, reports Eye On Housing. Tap on for the mapped-out numbers, including growth rates for Arizona.—> http://bit.ly/2L1s6YB

Glendale council discusses renovating downtown amphitheater. In the view of some councilmembers, the estimated “$3 to 4 million” revamp of E. Lowell Rogers Amphitheater “may be the thing to turn downtown around.” Meanwhile, two councilmembers “expressed concern” — about even allocating funds for preliminary “design plans.” YourValley. http://bit.ly/2IqgH2Q

Phoenix’s big-box industrial market had strong 2017. “Colliers International recently released its 2018 Big-Box Market Report and the Phoenix big-box industrial market had a great year in 2017, with the bulk of the tenant leasing activity, new development and building sales concentrated in the West Valley.” Report highlights at AZRE. http://bit.ly/2rL8oYb

ADOT slates open house on new South Mountain interchange. “State Rep. Jill Norgaard said she sought the [May 22] open house… because of ‘a lot of people who want updates on the freeway schedule, blasting, lawsuit’ and the poor lane striping on Pecos Road.” AFN reports that the open house will not be a “formal presentation,” but rather an opportunity for the public to “speak one-on-one with project staff…” http://bit.ly/2Kpm2ry

Pollack: Expansion expected to continue. But for how long? The Monday Morning Quarterback delivers the answer and then drills us square in the numbers with data for these ‘Snapshots’ —>  U.S.:  Blue Chip Consensus Forecast, Consumer Sentiment, Credit, CPI. AZ: Housing Market Overview – Greater Tucson. http://bit.ly/2Gmn6KA

Dealmaker BONUS: Arcadia New Home Tour. Take a relaxing tour of 5 fantastic homes, enjoying fun refreshments at each one — from shaved ice courtesy of Kona Ice, to rooftop mimosas, to suds from Huss Brewery, to donuts and coffee from Pura Vida Grinds. Sunday, May 20th – 11 a.m to 2 p.m. Visiting all five homes along the way enters you into a raffle drawing at the block party! Further INVITE details to the Arcadia New Home Tour event in Rose Law Group Reporterhttp://bit.ly/2Iix5Gp

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

Jordan Rose, Rose Law Group founder and president, moderating upcoming Valley Partnership panel on valley labor shortages. http://bit.ly/2KyvKsq

 

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


Sports gambling in Arizona? Still illegal until state lawmakers vote otherwise; Rose Law Group Founder and President Jordan Rose comments. While the Dept. of Gaming says it’s “business as usual” as far as the illegality of sports gambling is concerned, AZCentral reports that a “tweet from Gov. Doug Ducey hinted at a possible push” in the other direction. And in Rose Law Group ReporterJordan Rose says this: “Talk about an extraordinary confluence of events. The State is searching for a sustainable revenue stream for school funding, the gaming compacts with the Native American Communities come up for renewal in a few years, and now the U.S. Supreme Court says a State may decide to permit sports wagering. It doesn’t take a Vegas bookie to figure out the odds of where this is going.” http://bit.ly/2rM6NBr

[OPINION] Doncaster: Let us not forget the intricate virtues of the First Amendment. With the First Amendment’s “right of the people… to petition the government for a redress of grievances” on his side, Rose Law Group trial and constitutional law attorney Samuel Doncaster takes aim at those who would attempt to deny that right, in Scottsdale Independenthttp://bit.ly/2jXlWw8

Emails reveal close ties between construction firms, top school officials.“Emails obtained by AZCIR from four school districts show the depth of the relationships construction company executives have cultivated with school district administrators” — from “trips together to Mexico and French Polynesia,” to “golf outings and several visits to a restaurant co-owned by several building companies’ owners and executives.” http://bit.ly/2rGV2gu  

Scottsdale schools’ ex-CFO indicted on 11 felony charges of fraud, conflicts of interest. “A grand jury indicted Laura Smith on May 8.” The ex-chief financial officer of Scottsdale Unified School District “is accused of facilitating the district’s hire of Mesa-based Professional Group Public Consulting, according to Maricopa County Superior Court documents.” AZCentral. http://bit.ly/2Ik6yIW

The revolutionary foster care law buried in February’s federal spending deal; Kaine Fisher, Rose Law Group Partner, Director of Family Law Department, comments on the ‘Family First’ legislation. Governing:“Congress passed drastic child welfare reforms that aim to reduce the removal of kids from their homes. But some worry they will cost states and harm children.” Kaine Fisher tells Rose Law Group Reporter: “I am anxious to see if this new funding for states somehow increases the success rate of keeping children in their homes by affording families the financial support to tackle problems before children are removed from the home.” The report and more from Kaine here: http://bit.ly/2KrtrXw   

Despite snub, Phoenix Rising confident of future with Major League Soccer. “Phoenix Rising FC learned in November it was not a finalist for two expansion spots — and not even on a shortlist — but is confident it will soon be part of the league’s continued growth.” Cronkite News. http://bit.ly/2wLhF8k

Most people in Scottsdale eat when they’re hungry? Time to stop surveys before they get out of control. In Rose Law Group Reporter, Senior Reporter/Writer Phil Riske grumbles about “silly, inaccurate” surveys and calls for their demise — with a rather amusing twist. (And right on cue, there’s this RELATED item available from USA Today: ‘Arizona cities not among the ‘fittest.’ ” Yet another “frivolous” survey? Tap on to find out.) http://bit.ly/2GigjBt

Declining vacancy spurs new developments in Phoenix office market Read more

Rosewood Homes awarded “Small Volume Builder of the Year” at the 33rd Annual Phoenix metro Mame Awards  Read more

Consumers’ Interest Trends Towards Sustainability, say Realtors® Read more

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