The Dealmaker: 5/4/2018

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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

 

 

 

Where could D-Backs move in metro Phoenix? Here are some possible new stadium sites. It’s possible, now that the D-Backs and Maricopa County have reached an understanding, that the team could ‘give up the Chase’ by year 2022. With this in mind, AZCentral reporter Catherine Reagor looks at some “potential sites compiled from Phoenix-area land experts and developers.” Not surprisingly, “all are near freeways.” http://bit.ly/2HTrZfE

What happens to Chase Field if the Diamondbacks leave. Maricopa County Board of Supervisors Chairman Steve Chucri: “Everything’s an option…”  In Phoenix Business Journal. http://bit.ly/2rkgt6O

Jordan Rose, Rose Law Group Founder and President, moderating upcoming Valley Partnership panel on labor shortages. WHEN: May 18, at the Friday Morning Valley Partnership Breakfast. WHAT: How the labor shortage is impacting the real estate industry. WHO: Jackie Elliott, President of Arizona Central College; Mike Greenawalt, Vice President of Rosendin Electric; Dan Haag, Senior Vice President/Chief Administrative Officer of Sundt Construction, with Jordan Rosemoderating. WHERE & HOW: More info for the May 18 event in Rose Law Group Reporterhttp://bit.ly/2KyvKsq

20 minutes with Michael & Olga Block: The story behind worldwide charter school network BASIS. (Disclosure: Rose Law Group represents BASIS.) Twenty years after establishing BASIS Charter Schools in Tucson, and now with “schools around the country, in China, and plans to open more,” Olga and Michael Block, co-founders of BASIS, continue to realize their “vision” of “providing quality education to students in a handful of states and foreign countries.” They discuss their “vision” and how “the grind to open schools wasn’t easy at first,” in Scottsdale Independent. http://bit.ly/2HTkcyn  

Over a year later, the 30-day demo hold is changing conversations around historic properties. “Almost a year and a half after the ordinance’s implementation, preservationists and community members say the law is changing the conversation around Phoenix’s historic building stock.” Downtown Devil. http://bit.ly/2KAkOe4

NAHB joins leading economists warning that tariffs threaten an economic downturn. With the “housing industry already reeling” from high “lumber prices resulting from tariffs,” NAHB Chief Economist Robert Dietz has joined with 1,100 economists in “an open letter to President Trump and Congress warning that a protectionist trade policy threatens to take the nation down the same path that occurred in 1930” when “a trade war” ensued and “worsened the global economic downturn.” NAHBNow. http://bit.ly/2IeyZXK

Equity-rich properties hit tipping point. ATTOM Data Solutions senior veep Daren Blomquist says that “enough homeowners have regained both sufficient equity and sufficient confidence to tap into their home equity—resulting in a noticeably slower decline in seriously underwater properties and slower growth in equity-rich properties…” For ATTOM’s latest “Equity-Rich/Seriously Underwater” numbers, including heat-map results for Phoenix and Tucson, click on to REALTORMag. http://bit.ly/2rk8mq3

Most expensive home sales in Phoenix. Time once again for that favorite Friday feature from Arizona Foothills Magazine: “Top Home Sales of the Week” — or as some call it, “Places Arizona School Teachers Might Be Able to Afford — Around Year 3076.” This week’s combined sales (4.23.18 – 4.29.18) SKYROCKETED $13 million from the previous week, for a total of “over $39 million”! http://bit.ly/2IfHf9X

State of the County to address Pinal growth, teamwork. “In what will be a first for Maricopa, a State of the County Address is scheduled for May 17, hosted by the Chamber of Commerce. District 4 Supervisor Anthony Smith of Maricopa will talk about what’s happened in the past year and what’s ahead for Pinal County” — and he’s “bringing with him” County Manager Greg Stanley, Sheriff Mark Lamb andother county officials. For an event preview and RSVP info head to inMaricopahttp://bit.ly/2wcOavN  

Scottsdale City Council OKs vote of sales tax increase first, GO bond program later. The ballot measure for a .10 percent increase is aimed at  “raising just over $70 million to help pay for transportation projects.” The vote on the matter “comes on the heels of months-long speculation of if the local governing board is or isn’t going to pursue a $350 million general obligation bond program. But it appears the great Scottsdale bond debate is not over — just postponed…” Scottsdale Independent. http://bit.ly/2HSR1iT

[VIDEO] Chandler Chamber of Commerce economic update. In Wrangler News, the Chamber’s Economic Development Director Micah Miranda gives a “brief (under 2 minutes) update on the state of the economy” in Chandler. WATCH: http://bit.ly/2jv3b2L

Avondale’s city manager finalists named. Earlier this week, Dealmaker mentioned a report on the (then) unidentified finalists vying for the job of Avondale City Manager, a position left vacant after former City Manager David Fitzhugh’s February retirement. Now, West Valley View names the four candidates along with their current (and former) occupations! http://bit.ly/2rlFBJD

Arizona’s Best Kentucky Derby Party tomorrow at Turf Paradise – http://bit.ly/2rmI3QL

 

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


Legislature ends session, leaves voucher issue to the voters, fails to vote on gun safety. “A push to repeal the Legislature’s controversial 2017 expansion of the state school voucher program — and to prevent it from going on the November ballot — failed… Gov. Doug Ducey’s gun-safety bill to prevent school shootings… also failed without a final vote.” AZCentral. http://bit.ly/2wjrR7A

TARIFFIC NEWS! – Metro Phoenix not on front line of losses in potentialtrade war, study says. A Brookings Export Monitor report finds Phoenix isn’t particularly susceptible to “job losses or other economic disruption in case a trade war breaks out.” But can the same be said about Tucson? The metro areas that would get hit hardest in AZCentralhttp://bit.ly/2JUWRgh

McCain, in his own words, is prepared for what’s ahead. “Sen. John McCain says he doesn’t know how much longer he has on this Earth, but he is making what feels like a final appeal in his own voice to the better nature of America — just in case.” NPR has an audio excerpt from the senator’s upcoming memoir, ‘The Restless Wave.” Listen via this report from Roll Callhttp://bit.ly/2rmLrdu

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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