The Dealmaker: 6/7/2018

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

 

 

 

Taylor Morrison to acquire AV Homes. Both companies announced today that “they have entered into a definitive agreement under which Taylor Morrison will acquire all of the outstanding shares of AV Homes common stock at $21.50 per share in a cash and stock transaction valued at approximately $963 million.” MUCH MORE on this huge deal in Builder. http://bit.ly/2JCiPbn

Sunbelt successfully bids $26.5 million for land in Phoenix. Sunbelt was the successful bidder yesterday on just over 93 acres of land located South and West of the SW corner of 19th Ave. & Bell. More info for auctions past and future at Arizona State Land Departmenthttp://bit.ly/2kUVbJ5

Real estate competition fierce, experts say. And “new entrants [representing nontraditional business models] are expected to increase competition” going forward. But experts at an FTC-DOJ workshop on competition in real estate “cautioned regulators about intervening in the industry given how well competition is flourishing.” REALTORMag. http://bit.ly/2sN0cXW

[SLIDESHOW] Farming, classrooms, eye scanners and smart toilets: Westfield unveils its vision of retail’s future. “Westfield described the shopping center of 2028 ‘as a hyper-connected micro-city, driven by social interaction and creating its own community.’” You can check it out in a captioned 6-image slideshow at Bisnow. http://bit.ly/2Jte948

Where are millennials moving – 2018 edition. At one end of the ‘millennial mobility’ spectrum is New York City, which M’s are bolting. At the other end is Virginia, where they’re flocking. In between those top departure and destination points lies Arizona and Tempe. SmartAsset did the analysis. Builder has highlights, plus a link to the full report. http://bit.ly/2kTPw65

Phoenix suburb selected as top U.S. destination for retirees. Rather than spoiling it by blurting out the answer, let’s have a little fun with a guessing game… This suburb was “one of eight cities profiled for downtown living” in Where To Retiremagazine. The city is cited for its “high-brow amenities” and has an institution that “enlivens the town.” It also has “easy access to the light rail.” Figured it out? Get the answer at KTARhttp://bit.ly/2M8uPjm

Gilbert expects to ask voters to pay for police, fire training facility. “The [$84.6 million, 158,000 sq. ft. public safety] training center would offer space for the town to train new police and fire recruits, instead of relying on academies hosted by neighboring cities.” AZCentral has details on what this “ambitious facility” near Power and Pecos would include, plus info on what the town plans to do with property near Germann Road where the facility was originally planned. http://bit.ly/2M9U0BU

Florence chamber, council talk working together and the need for a plan.With “low property values to entice investors” and the “hope” to “stimulate some redevelopment and infill,” why would Florence vote against paying for the “services of a facilitator to help” the chamber “develop a strategic plan”? As Chamber Treasurer Antoinette Smith puts it: “It looked like the chamber didn’t care about it.” But Florence Reminder reports that the turndown may have been more about a “lapse in communication.” http://bit.ly/2JmapFC

New economic specialist says Eloy deserves to be successful. “Jeff Fairman, a long time Pinal County resident, has come onboard as Eloy’s economic development specialist.” The former Avondale economic official and Sundt Construction vp strikes an upbeat “heavy industry” development tone in Eloy Enterprisehttp://bit.ly/2JrJcgO

Supervisor Goodman: San Tan Valley’s only elected official updates. Supervisor Goodman’s office delivers quick-hitting news concerning water pressure matters, solar generation, the FY 2018/2019 budget, Kelvin Bridge, and more — in San Tan Valley News. http://bit.ly/2kUQdfp


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 

 
Presented by 
 


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


 

‘WORTH’ TEACHING? – Educators not surprised by Fort Worth’s play to lure Arizona teachers. The billboards that have popped up around Phoenix “tell Arizona teachers their ‘future is in a Fort Worth classroom’ and promise a starting salary of $52,000 – well above the pay that even seasoned Arizona teachers can expect.” The (poaching?) campaign comes courtesy of Fort Worth Independent School District, and some Arizona educators say, “they wouldn’t be surprised if the effort is successful.” Cronkite Newshttp://bit.ly/2Huffea

Arizona public colleges, universities report 14.8 percent default rate on student loans. And that default number puts colleges here in the state “above national rate of 11.5 percent,” with South Mountain Community College’s 33.3 percent leading the pack! Higher Education Tribune did the failure-to-pay analysis for 20 state institutions, and Arizona Business Daily has the results. http://bit.ly/2LvBi6H

Rep. Gosar seeks to cut top federal power agency boss’ salary to $1 per year. “Mark Gabriel, who oversees the Western Area Power Administration… has been criticized for his handling of embezzlement within the administration, for alleged whistleblower reprisal and for spurning congressional demands for documents and testimony.” AZCentral reports that Rep. Paul Gosar “is so fed up he wants to use an obscure legal tool — one not used in more than a century — to all but eliminate Gabriel’s salary.” http://bit.ly/2JmM8zl

New study: Palo Verde nuke plant stays open with a 50% RPS. “New power sector modeling… finds that Arizona’s Palo Verde nuclear power plant stays open and operates around-the-clock, even as utilities build enough renewable energy capacity, like wind and solar farms, to meet a 50 percent by 2030 renewable portfolio standard (RPS).” Full study findings available via tap-thru to Natural Resources Defense Councilhttp://bit.ly/2kTKx5t

Coal miners rally at the state Capitol in bid to save Navajo Generating Station. “More than 100 coal miners rallied at the state Capitol on Wednesday, calling for officials to allow time for a new company to buy the embattled Navajo Generating Station coal plant. The miners said the purchaser [Middle River Power] needs three months to make an offer…” AZCentral. http://bit.ly/2kVZIeg

Stubbornly steadfast: Mules have kept the Grand Canyon moving since the 1880s. “Cars and trucks have replaced mules in most places, but the beasts of burden still reign supreme at the Grand Canyon. This is especially true on the South Kaibab Trail… Supplies and souvenirs from the South Rim go down to Phantom Ranch, and trash comes up. But that’s not the only cargo the mules carry.” Cronkite News. http://bit.ly/2xQU6vl

 

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

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.