The Dealmaker: 5/23/2018

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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




Jordan Rose, Founder and President of Rose Law Group — LIVE on Phoenix Business Radio, 9 a.m., Thursday, May 24th. Jordan Rose, a finalist for National Association of Women Business Owners (NAWBO) Business Impact Award, will be LIVE on Phoenix Business Radio at 9 a.m. on Thursday, May 24th, talking about the honor. Tap on to Rose Law Group Reporter for the live link to TOMORROW’s broadcast.

Labor shortage is our fault. We’re not fixing it. A brand NEW report from AZBEX’s Roland Murphy covering Valley Partnership’s Friday Morning Breakfast on May 18, which featured panelists Mike Greenawalt, Vice President of Rosendin Electric; Jackie Elliott, President of Arizona Central College; Dan Haag, Senior Vice President/Chief Administrative Officer of Sundt Construction — with moderator Jordan Rose probing their perspectives on “the labor situation, how we got here, and where, perhaps, we might go.”

Q&A with Michael Kern, president of Communities Southwest. Where are Michael Kern’s favorite markets for investment? What’s the wackiest project he’s ever been involved in? Why doesn’t CSW invest in California anymore? (It has something do with that wacky project!) The Communities Southwest president discusses all this, and more, with Callan Smith in the latest installment of Rose Law Group Reporter’s continuing Q&A series.

Fulton Homes buys 350 acres near White Tanks for $25M. (Disclosure: Rose Law Group represents Fulton Homes.) With “1,000 new homes at 163rd Ave., north of Grand,” Escalante will be “the first endeavor into this area of Phoenix for Fulton Homes in over a decade” — and Fulton President Norm Nicholls “couldn’t be happier.” AZ Business Magazine

‘Zombie’ homes sucking value from Kingman neighborhoods. “Good luck if you want to sell your house that’s next to one of these zombie houses, or even a block or two away,” reports Hubble Ray Smith in his Daily Miner piece exploring the problem of zombie homes in Kingman and how Mohave County is “doing its best” to kill them off. And props to Smith for adding a touch of humor — via photo caption for one of these “fully furnished” zombie homes — in what otherwise would be a pretty bleak topic. Check it out:

Single-family built-for-rent construction. In Eye On Housing NAHB Chief Economist Robert Dietz digs into the Census Bureau’s Quarterly Starts and Completions by Purpose and Design and the data showing “the number of single-family homes built-for-rent increased over the last four quarters.”

Mesa picks Lincoln and Harvard to build 1.35M SF Union. “Named Union, the new LPC-Harvard development [‘in the heart of the Riverview mixed-use district’] will include four buildings ranging from four to eight stories and from 225,000-sq. ft. to 450,000 sq. ft.” This report in AZRE, which includes a drone’s-eye view of the development along with a rundown of features, touts it as “Class A office space designed to attract and retain premier, market-leading companies and their employees.”  

How structural insulation beats mother nature. “On a recent build, [“Build Show” host] Matt Risinger leaned on the adhesive capacity of two-part, closed-cell polyurethane foam to provide increased racking resistance to the frame walls and uplift resistance and waterproofing to the framed roof.” Sound like gobbledygook? Too much like Steve Martin’s fake plumbing-jargon bit, in which he talks of a “Findlay sprinkler head with a Langstrom 7-inch gangly wrench”? Dealmaker thinks so, too. So here’s a translation: “From Builder sibling JLC Online comes this report on how structural insulation can improve the integrity of the building envelope.” Read/WATCH the report (running time 10 min.) here: 

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


IT’S OFFICIAL! – NFL picks Arizona for 2023 Super Bowl. Breaking news from Phoenix Business Journal: “Super Bowl LVII will be played at University of Phoenix Stadium in Glendale.” Click through for the report, which includes a statement on the selection from Arizona Super Bowl Host Committee Chairman David Rousseau. 

Arpaio submits signatures for U.S. Senate race, vows he’s a serious candidate. “[M]ore than 10,000 signatures” submitted, reports Cronkite News. “I know there’s been a lot of word out there… that… I’m just doing this to get my name in the paper, which is kind of stupid,” ex-Sheriff Joe said at a newser yesterday, while “a handful of people shouted” at him, “saying he’s a convicted felon.” (RELATED: “Arpaio: Ward’s campaign suggested I quit Senate race for pro-Trump gig” and “Maricopa County to spend $30M to comply with former Sheriff Joe Arpaio lawsuit orders.”)

Phoenix to sue feds over proposed citizenship question on Census.“[Phoenix City Council] voted 7-2 to… ‘join an appropriate lawsuit to challenge the U.S. Census Bureau decision to include a citizenship question in the 2020 Census.’ ” Mayor Greg Stanton: “The purpose of the Census is to get an accurate count of all persons — not to play politics or get involved in issues of immigration…” KTAR.

Trust in self-driving vehicles falls after accidents like ones in Arizona.That’s the result from a new AAA Auto Club survey which found that “73 percent of those asked recently would be too afraid to ride in a fully autonomous car, up from 63 percent in a January poll of the same question.” An auto club spokesperson talks about the findings in KTAR.

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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