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The Dealmaker: 6/12/2018

Posted by   /  June 12, 2018  /  No Comments

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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





Q&A with Stacy Brimhall, founding partner of Langley Properties. Real estate and land development visionary Stacy Brimhall talks acres controlled, as well as his knack for thinking “differently” when it comes to his real estate success. But this Q&A with Rose Law Group Reporter quickly takes a remarkably candid and personal turn, as Stacy opens up about his long fight against depression, as laid out in his impactful book, “Defeating Depression – One Man’s Fight to Find Joy.” http://bit.ly/2HHZdOh

Ranking Arizona: Top 10 custom home builders. AzBigMedia is out with its “2018 edition of Ranking Arizona, the state’s biggest and most comprehensive business opinion poll…. Here are the Top 10 custom home builders in Arizona, as featured: http://bit.ly/2MoqM2i

The death of the small apartment building. The number of new MF units in buildings of 50 or more units has risen to record levels, while the number of new units delivered in buildings with two to nine residential units has dropped significantly. “In an opinion piece for Bloomberg, [biz] columnist Justin Fox attributes this shift… first and foremost [to] the rise of NIMBY politics in homeowner-dominated suburban areas.” Via Multifamily Exec. http://bit.ly/2sS2E09

GoDaddy founder, who ‘doesn’t do anything small,’ buys Westgate district in Glendale. YAM Properties… owned by GoDaddy founder Bob Parsons, announced today it has purchased the 76-acre property from iStar Inc.” AZCentral is reporting the “price was $133 million” and that Parsons “sees huge potential for the entertainment district…” http://bit.ly/2JNlX4b

City socks True Life with stiff fines for course’s condition. Weed-filled fairways, rock-strewn greens, dried-out water hazards, and “other unkept parts of the Ahwatukee Lakes Golf Course… have already earned the True Life Companies $20,000 in city code violation fees and could yield thousands of dollars in additional penalties as a result of 66 new charges levied against it for conditions on the course.” Ahwatukee Foothills News. http://bit.ly/2sNiwB1

Golf course closures could spur construction. REALTORMag takes a look at a recent report in CityLab titled, “Dead Golf Courses Are the New NIMBY Battlefield.” (Meanwhile, True Life Companies is probably thinking, “Yeah, hey, thanks for the NEWS FLASH, CityLab!”) http://bit.ly/2MmS6ya

Survey shows anxiety over housing market. “53% of Americans who have or plan to buy a home admit they’re concerned about their ability to afford a home… The findings also reveal that Americans on average believe a… housing crash will occur in the next five years, and nearly one-fifth of respondents anticipate a crash in less than one year.” For a closer look at this new survey from online lender Laurel Road, tap to Builder. http://bit.ly/2JMetyx

Yun: We’re in a ‘bizarre’ market. “ ‘We’re in a bizarre world of a heated housing market where home sales are not rising,’  NAR Chief Economist Lawrence Yun writes in his latest column… The lack of inventory is haunting many housing markets across the country.” REALTORMag. http://bit.ly/2JHfG78 

Construction underway for major technology campus in Tempe.“Construction has started… on a major tech space project called I.D.E.A., or Innovation, Discovery, Education and Arts.” KTAR reports that “the project covers 18 acres and more than 1 million square feet for biotech and technology companies that want to set up shop in Tempe.” http://bit.ly/2JvbkUt  

Looks like Desert Edge issue will go to Scottsdale ballot.“Protect Our Preserve PAC has collected 31,600 signatures, well over the 23,908 signatures required to get on the ballot, according to [no, not that] Jason Alexander, one of the group’s leader.” AZCentral reports, however, that the “ballot measure isn’t specifically asking voters about Desert Edge… because group leaders felt there was a broader issue at hand: The current city charter language…” http://bit.ly/2MosnVQ

Old Town Scottsdale development framework updates in the works. A recent Scottsdale City Council “study session” on proposed changes saw the intro of two “new types of development.” Type 2.5 “could include intermediate, higher-scale development on approximately 10 acres,” while type 3 “is the highest scale development to be considered, allowing up to 150 feet in structure height.” For a recap of the “municipal redevelopment musings” head Scottsdale Independent. http://bit.ly/2sSgUFX

Pollack: G-7 disarray. “The most important economic news was not contained in the data reviewed herein. It was the seemingly utter lack of progress and disarray that came out of the G-7 summit in Canada.” Is President Trump just “playing hardball”? “It’s turning into a cliff hanger,” says The Monday Morning Quarterback. As for “data reviewed herein,” check out these ’Snapshots’ —> U.S.: Consumer Credit, Labor Productivity & Costs, Manufacturing & Non-Manufacturing, Interest Rates. AZ: The Cromford Report – Greater Phoenix Listings & Median Resale Price. http://bit.ly/2JvdFP6

[VIDEO] One of Arizona’s hottest events happening Father’s Day weekend; SPECIAL DEAL for Dealmaker readers! Organizers behind the Fahrenheit Festival talk about the hot happenings and fiery features at this Saturday’s inaugural event —the “Beat the Heat Race,” the world’s tallest inflatable water slide, fire dancer/breather Burden Blossom (WATCH her do her thing!), the richest arm wrestling contest, jalapeño ice cream, and more. This 12News report serves as a timely reminder to any Dealmakers out there who’ve yet to snatch up two FREEBIES! to the June 16th event at WestWorld. Simply tap to Rose Law Group Reporter, mark your tickets with promo code “ROSELAW,” and get ready to beat the heat — for FREE! http://bit.ly/2LJyaEo 

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!


Crucial email not protected by marriage privilege, judge rules in Pierce bribery case. “U.S. District Court Judge John Tuchi has rejected arguments by defense attorneys that an email between Kelly Norton and her then-husband Jim is protected by marital privilege.” The ruling means that “[j]urors will get to see what… prosecutors say should help prove that Gary Pierce purposely sought to conceal a land deal at the center of a bribery case.” A Capitol Media Services/Howard Fischer report in Arizona Capitol Timeshttp://bit.ly/2yc14LM

Arizona has 13th-best economy in United States, study says. WalletHubranked the 50 states and the District of Columbia using 28 metrics across three key dimensions: economic activity, economic health and innovation potential.” KTAR reports that the state “did especially well in two categories.” Tap on for findings. http://bit.ly/2t3pBN0

Net neutrality officially dead — Here’s what happens next. “U.S. net neutrality — the rule that says telecommunications network operators must treat the traffic they carry in a neutral way — died at the hands of the current Federal Communications Commission… So, if your cable company does start slowing down Netflix in order to give a boost to its own services, relief could be a long way away.” Fortune. http://bit.ly/2JG74xB

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