The Dealmaker: 5/9/2018

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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




U.S. News & World Report ranks BASIS Scottsdale number one charter school in the nation. Congratulations to Rose Law Group client BASIS for making the top spot! Further details in U.S. News & World Report.

Dr. Herbert new chair of Rose Law Group’s business, corporate transactions department. “This Department demands someone with a diverse background in law and business and Dr. Carey Herbert certainly meets that demand and then some,” says Rose Law Group Founder and President Jordan Rose. In looking forward to her new role, Dr. Herbert says Rose Law Group’s commitment “to serving both large and small businesses in a wide variety of sectors” is “especially important as the state’s economy continues to become more diverse whether it be self-driving cars, solar power or more traditional businesses such as agricultural and real estate.” Learn about Dr. Herbert’s vast experience and get details on the department she will now chair, in Scottsdale Independent.

LGI beats the street, handily. Closings swell, prices rise, revenues surge, and LGI chairman/CEO Eric Lipar boasts about these and other “robust” financials in Builder.

Construction completed on CONTOUR on Campbell. • 2300 E. Campbell • Details on two new models available for tours • An “inside look” at the LIVURBN development during construction (video) • At AZRE.

Camelback East cited as Phoenix’s most popular neighborhood. Based on a Zillow analysis of “page views per listing,” Camelback East — a “neighborhood that ranges from Papago Park to the Phoenix Mountains Preserve” — outshined all other area neighborhoods. However, CE didn’t rank anywhere close to a certain Kardashianville neighborhood over in Cali, which was tops in the nation. To see how other Phoenix neighborhoods fared, tap to KTAR.

Vail, AZ is new hotspot for residential lot sales in April. KB Home and DR Horton were among the companies doing 1.8 million dollars’ worth of deals for residential lots in the Tucson metro area, specifically Mountain Vail Reserve, Rancho del Lago, and Santa Cruz Meadows. Real Estate Daily News has the lowdown on land, lots, and legal tender paid for each.

More college grads living with parents than before the crash. That’s the conclusion from yet ANOTHER new Zillow analysis which finds that “28% of recent college graduates live with their parents, up from 19% in 2005.” Get a metro-by-metro breakdown (Phoenix included) and find out what’s fueling the increased sponging, in Builder

From their parents’ basements to dream homes: Millennials are skipping starter houses. USA Today looks at how millennials are “ditching their parents’ basements,” “bypassing the traditional gateway to homeownership – the starter, or entry-level, home” —  and “using their socked away cash to buy some pretty lavish homes.”

[ANALYSIS] Forget owning, renting is becoming the end game for many millennials and baby boomers. “Whether just starting out in their career or settling into retirement, both generations are seeking a lifestyle that offers mobility, convenience and community.” The Washington Post.

Could pre-fabrication construction ease Arizona’s labor shortage? With the shortage problem being “less about the number of available workers and more about the increasing amount of construction projects breaking ground,” could “putting the building together like LEGOs” be the answer? AzBigMedia.

Aldi grocery store to open in north Peoria; second known Phoenix-area store. “Aldi will open a store in Buckeye early next year and a distribution center in Goodyear in 2020.” Now, AZCentral reports that the discount grocery store will be part of Sunrise Plaza, a new triple-R project (retail/restaurant/residential) on Lake Pleasant Parkway…

Who will be granted the privilege of leading Scottsdale into the future? Bill Crawford, Kathy Littlefield, Linda Milhaven, Alyssa Robis, David Smith, and Solange Whitehead — six candidates, three city council seats. “Scottsdale Independent reached out to each candidate to better understand their motivations for seeking public office again — or for the first time.”

Tempe may expand its power to oust a city council member. “Currently, the most severe response to misconduct that council members can dole out is censure.” AZCentral reports that the “discussion comes as the city continues to evaluate how to proceed with a code-of-conduct investigation into Councilman Kolby Granville.”

Ballots due May 15 for Queen Creek’s General Plan mapping out town’s future. The plan “for the rapidly growing town’s future in the southeast Valley” was “nearly two years in the making.” Now “voters have a chance to cast their ballot to approve the General Plan that focuses on transportation, zoning, downtown development, residential, natural resources and ‘agri-entertainment’ needs.” Queen Creek Independent.

Jordan Rose, Rose Law Group founder and president, moderating upcoming Valley Partnership panel on valley labor shortages.

AZ Corp Comm Tobin to talk energy future this Friday in don’t miss event.

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

[FEATURE] Mary Hamway, Director of Elder Care Concierge, talks governing, Queen Elizabeth and caring for aging loved ones. Callan Smith touches base with Mary Hamway for this latest in Rose Law Group Reporter’scontinuing series on the talented people who make up Rose Law Group. Mary is the Director of Elder Care Concierge, an RLG affiliate.

[OPINION] Lane: Understanding the basics, and BASIS, of success. (Disclosure: Rose Law Group represents BASIS.) Scottsdale Mayor Jim Lane expresses pride and has high praise for the success and achievements of BASIS charter and private schools, as well as for its founders, Michael and Olga Block. The mayor’s piece in Scottsdale Independent exposes the bias of a recent “skewed assessment” of the school in AZCentral, an article which “all but ignored BASIS’ exceptionalism.”

Orrin Hatch says he ‘spoke out of turn’ about McCain not wanting Trump at his funeral. “Sen. Orrin Hatch, R-Utah, sent a letter apologizing to Arizona Sen. John McCain Tuesday after telling reporters McCain’s reported decision not to have President Trump attend his funeral is ‘ridiculous.’ ” USA Today (So, clearly, Orrin heeded the advice that AZCentral reported on in this RELATED item: “Meghan McCain tells Orrin Hatch, others to ‘chill out’ about her father, Sen. John McCain.”)

Which states had the highest GDP growth last year? Governing zooms in on Washington, Colorado, Nevada, Utah and ARIZONA, states which “were among those with particularly strong GDP gains.”

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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