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The Dealmaker: 6/11/2018

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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







Pulte begins presells at Cadence in Mesa. Pulte has started pre-sales at Harvard Investments’  Cadence at Gateway, just off SR 24 at Ellsworth and Ray. The EstateCactus and Cyprus series feature one- and two-story homes, and range from 1,800 to 3,700 sq. ft. Pulte division president Scott Wright calls it “the right location at the right time,” while Harvard Investments president Craig Krumwiede says “Realtors® and potential buyers… are blown away that residents will have access to all the private amenities, fitness center, pools, and parks for an HOA of around $125 per month.” Read the entire news release in Rose Law Group Reporterhttp://bit.ly/2JBvt7h 

Central Phoenix Mercedes dealership property turned into new apartments. • Parc Midtown • An Evergreen Devco development • Third Ave. & Indian School • 306 units • Incorporating the Mercedes “site’s auto history” • Further details plus six-image SLIDESHOW at AZCentral. http://bit.ly/2HF7VfZ

Commission recommends 275-unit mixed-use project near Old Town Peoria. “The [Evergreen Development] project, called Trellis at Roundtree Ranch, proposes a 12.1-acre multi-family residential parcel and a 6.4 acre retail parcel [at the NE corner of 83rd and Olive avenues].” YourValley has the sitemap along with design and amenity info. http://bit.ly/2sV7IQk

Gilbert to pay as much as $3M for 2,500 jobs with Deloitte. Town Council has approved a development agreement for the financial consulting firm’s “new 100,000-square-foot delivery center” which will be situated within Rivulon Commons. Mayor Jenn Daniels: “Deloitte will be one of the largest employers in Gilbert… This will not just benefit those in Gilbert but all of the Phoenix metro area.” AZCentral. http://bit.ly/2JvL8Jc

New assisted living facility planned for Casa Grande. “[P&Z] approved the Nauvoo Assisted Living center on a 2.06-acre lot off Valerie and Christina streets.” PinalCentral reports that the center “will consist of two 9,000-square [single-story] buildings,” each giving the “appearance of being large single-family homes, blending into the existing neighborhood.”  http://bit.ly/2JBxws9

Planners approve new day care center in Casa Grande. “[P&Z has] approved an 8,700-square-foot day care center behind the Circle K on Pottebaum…” While a rep for Sunrise Preschool says the “organization is excited to come to [CG],” Commissioner Dennis Dugan didn’t exactly share in that enthusiasm, citing “increased traffic” along Pottebaum: “It’s a bloody nightmare… I’m telling you, it can’t handle it already.” CG Dispatch. http://bit.ly/2JtZg5J  

Scottsdale has nation’s happiest renters. Scottsdale ranks No. 1 in a  survey of “45,000 renters” when it comes to such factors as “affordability, job and career opportunities, and recreational activities,” in addition to “potential pain points such as commute time, taxes, and public transit.” See which places round out Apartment List’s 10 “happiest cities for renters,” and also find out where renters are the “most miserable” — at Realtor.com®. http://bit.ly/2sYk0HP

The great elevation: Home buying in Globe-Miami. “Cooler temps, a slower pace and greater community character make Globe-Miami a desirable place to live. And, the secret is getting out.” Leading the area’s home-buying surge: Locals, first-timers, flippers, and folks “moving back to be closer to aging parents or growing grandchildren.” Globe-Miami Times. http://bit.ly/2MhTTEO

Californians, fed up with high home prices, want to migrate to Prescott.Realtor.com® chief economist Danielle Hale: “Our research shows many California residents may have reached their breaking point… If this [exodus] continues, we could see Californians drive up home prices in parts of Phoenix, Las Vegas and Prescott…” The Daily Courier. http://bit.ly/2JPsv2B

[OPINION] Our View: If you build ballfields, they will come. “[A]dvocates for more parks and rec facilities… assembled a list, put together a funding proposal and asked the council to put it on the November ballot.” However, the “council has other ballot priorities this year: An affordable housing bond…” But in its editorial plea for more ballfields, parks, and rec centers, Arizona Daily Sun points out that there’s “nothing that says a 375-acre recreation complex can’t include housing, too.” http://bit.ly/2JKJfrp

SOBER LIVING HIGHS & LOWS – Prescott’s total of sober-living homes drops below 30. “From a high of 200 or so in 2016, the number of sober-living homes in Prescott has now declined by nearly 90 percent — to a total of 28. That is down once again from the low of 35 that the city reported in February. Local officials have credited the strict city regulations imposed in early 2017 as being partially responsible…” The Daily Courier. http://bit.ly/2sUFu9x 

Millennials are moving to the exurbs in droves. “For years, an unwavering certitude… has been that humanity is moving to the city: We just needed to figure out how to house, employ and feed everyone in a condensed space… As more and more millennials marry and have children, that presumption is coming under scrutiny.” Axios. http://bit.ly/2sZHD2B

The importance (and neglect) of America’s ‘Middle Neighborhoods.’ “When a neighborhood isn’t rich — but isn’t poor — government tends to forget about it.” Governing looks at such neighborhoods “caught in the middle”— places that “have been off the nation’s policy radar for decades.” http://bit.ly/2Mivte4

Group says let’s have daily train service between Phoenix and Tucson.“[All Aboard Arizona] isn’t trying to revive the discussions of a dedicated commuter rail between Tucson and Phoenix, which [ADOT] has estimated would cost billions of dollars the state doesn’t have. Instead, the group is lobbying for Amtrak to change its current three-day-a-week service between the two metro areas…” Arizona Daily Star. http://bit.ly/2JN4KrE

Dealmaker DOUBLE BONUS: Love is in the air at Rose Law Group.Congratulations! to family attorney Audra Petrolle and legal assistant Hanna Shelton, both of whom recently tied the knot with their respective significant other. Check out exclusive snaps of the happy couples — Audra at the St. Regis in Kauai, Hanna at Tucson Botanical Gardens — in Rose Law Group Reporterhttp://bit.ly/2HEiQ9Q 

Don’t miss anything… follow multiple winner of the Arizona Republic’s tweet of the week contest, and Senior Partner at Rose Law Group and Director of RLG Renewable Energy Department, Court Rich. http://bit.ly/Court_RichTwitter 



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

There’s little howling and money for the Coyotes, survey shows. “To determine the best places for hockey spectators, WalletHub compared 73 U.S. cities based on two divisional categories, professional and college hockey, across 21 key metrics.” As far as “fan entertainment” is concerned, the Arizona franchise is skating on thin ice. Read on at ADIhttp://bit.ly/2y5e8T2 

Most Americans fear driverless cars, survey indicates. “Why it matters: To the degree the [Axios/SurveyMonkey poll] is accurate and reflects a broad global trend, everything from the world’s sprawling car industry, to roads and cities themselves, could be on the cusp of a fundamental transformation.” (NOTE: When you get to Axios, it takes some considerable down-scrolling to access this particular piece.) http://bit.ly/2JABdOu

Every 7 hours, someone in Arizona commits suicide. “High suicide rates have largely been associated with younger populations, but middle-age suicides are beginning to rise throughout the country…” Cronkite News reports that last week’s “deaths of celebrity chef Anthony Bourdain, 61, and style icon Kate Spade, 55, has once again put a spotlight on suicide prevention.” http://bit.ly/2MkztL9


Christopher Todd Communities recognized nationally for giveback program Read more

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

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