The Dealmaker: 5/31/2018

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 tourism industry seeks new fuel to spark summer ignition. “A growing chorus of event promoters, tourism chieftains and public relations aficionados [including PR maestro Jason Rose] are fueling [a] new idea: embrace the summer and the heat to entice more human beings to discover all things hot in the Sonoran Desert.” And Scottsdale Tourism Director Karen Churchard calls the upcoming Fahrenheit Festival at WestWorld “a big step in the right direction.”— Scottsdale Independent (And a reminder to all our heatseekingDealmakers: Grab two FREE TICKETS to the June 16 Scottsdale Fahrenheit Festival and celebrate just how hot it’s getting in the Valley! Just click through and use the promo code “ROSELAW.”)—>

Paradise Valley Ritz-Carlton project continues municipal approvals. Town Council gave the final plat go-head for “resort-branded single family homes,” with “little comments or questions,” one of which, though, concerned “views of the mountains.” Paradise Valley Independent.  

North Scottsdale community wins awards for design, planning excellence. With its “paradigm shift in new home design,” Camelot Homes “has received Gold Nugget honors in PCBC’s annual competition for its White Horse community…” Details on the win at the event touted as “‘the Academy Awards’ of the building industry,” in Scottsdale Independent

Homebuyer migration trends in Q1 2018. Get out of Denver and Seattle and head to… Phoenix?” That’s the big takeaway from Redfin’s latest Migration Report, which finds that the Valley “had the largest net gain looking to move to the area from elsewhere.” Report highlights in DSNews.

Underwater homeowners fall below 10%. “Still, despite the progress made as the negative equity rate falls, 4.4 million homeowners remain underwater, and about 713,000 of them owe at least twice as much as their homes’ value.” How do Phoenix homeowners fare in Zillow®’s 2017 Q4 Negative Equity Report? Find out in Builder

Aldi watch: Grocery stores planned for metro Phoenix. While the discount grocery chain is “working with cities and commercial developers to secure permitting for the new stores,” it has yet to disclose specifics about its future locations; however, The Arizona Republic has — pinpointing 9 precise locations around the Valley for planned Aldi stores.

Retail resurrection? Macerich leasing veep Kim Choukalas: “For so long, everybody said the internet was going to be the demise of brick-and-mortar stores… What we have found is the exact opposite… [online stores] absolutely need a storefront presence.” PHOENIX magazine takes a look at “clicks to bricks” and the “pendulum swing back to brick-and-mortar.”

Phoenix experiences third-highest construction job gains. Phoenix Business Journal hammers out hard-hat data from Associated General Contractors of America which shows the “Phoenix metro area gained 11,000 construction jobs between April 2017 and April 2018, despite difficulty within the industry finding qualified workers…”

Economic Development conference recognizes Pinal County, Millman for workplace excellence. Congratulations! to Pinal County which “won for Medium Organization of the Year,” and to a “stunned” Joel Millman who took home “Workforce Practitioner of the Year.” Both were honored with “Economic Development Distinguished by Excellence Awards at the biannual conference of the Arizona Association for Economic Development.” Apache Junction Independent.

How the Colorado River’s future could hinge on a little-known California election. “Three of the five seats on the [Imperial Irrigation District’s] board are up for grabs… The outcome could [have] ripple effects across the Southwest, from big cities like Los Angeles and Phoenix to agricultural areas like the eastern Coachella Valley.” The Desert Sun.

Surprise leaders discuss special tax districts. “The Surprise City Council and [P&Z] Commission met to discuss ramifications of state law passed last year, which changes rules for establishing and managing a Community Facilities District…” A recap of the recent joint session on the new rules in YourValley.

Sedona City Council to hear hotel proposal. “When the Courtyard by Marriott [at SR 89A & Upper Red Rock Loop] was approved nearly four years ago, it was understood that the lot next to it may someday become a second hotel under the same name brand. That day has come.” Red Rock News.

Council adopts strategic plan for Wickenburg. “A safe, family-friendly community with a vibrant business climate, lively downtown and plentiful recreation – these are cornerstones in the Town of Wickenburg’s Strategic Plan, which was recently adopted by town council.” For an overview of the plan plus link to the whole thing, tap Wickenburg Sun.

Cameron’s $5M + deals of the day –


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


Jodi Arias is no secret; Rose Law Group litigator Evan Bolick sides with court rejection of her appeal. AZCentral reports that an Arizona Appeals Court has ruled against Arias’ request for court secrecy. Meanwhile, in an EXCLUSIVE for Rose Law Group Reporter titled “Silence is not golden – the request for secrecy in the Jodi Arias appeal,” Evan Bolick convincingly argues that granting the Arias defense team’s request to keep her appellate proceedings secret would have been “a mistake.”

Clean energy campaign files complaint against 2 Arizona lawmakers. “The Clean Energy for a Healthy Arizona campaign is asking the Arizona Secretary of State and Attorney General’s offices to investigate if state Sen. John Kavanagh (R-Fountain Hills) and Rep. Vincent Leach (R-Tucson) knowingly filed false documents against the campaign.” Details on the complaint allegations in Phoenix Business Journal.

Defendants reject plea offers in Corporation Commission bribery case. Plea offers galore — one with a “twist” — to utility regulator Gary Pierce, his wife Sherry Pierce, lobbyist Jim Norton, and utility executive George Johnson. All rejected. Capitol Media Services’ Howard Fischer reports in Arizona Capitol Timesthat these “deals offered… suggests that federal prosecutors are not done looking at other possible criminal activities…”

Hundreds of candidates have filed for Arizona seats in Congress, state government and Legislature. Yesterday was the filing deadline and ALREADYSenior Reporter/Writer Phil Riske has tracked down the official lists! — and the man still found time to snag ALL of these RELATED items as well: “Martha McSally heads opioid hearing in Phoenix” – “Women slam Don Shooter’s campaign for Arizona Legislature after harassment expulsion” – “GOP hopes of holding Senate rise after Arizona deadline” – “No free ride for Ducey in GOP primary.” Dig in!

Ducey’s office: ‘Obsession’ with who will get McCain’s Senate seat is ‘disgraceful.’ “Gov. Doug Ducey’s spokesman [Daniel Scarpinato] rebuked political pundits and the national media for speculating about who Ducey might appoint to succeed U.S. Sen. John McCain in the event his seat is vacated.” Tap to AZCentral for Scarpinato’s (Twitter) statement.

Arizona in the middle of ‘2018 Best and Worst States for Jobs.’ “[T[o determine the most attractive states for employment, WalletHub compared the 50 states across 29 key indicators of job-market strength, opportunity and a healthy economy [with a data set that] ranges from employment growth to median annual income to average commute time.” —>

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