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 Reporter. http://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 Reporter. http://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 Reporter. http://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