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The Dealmaker: 6/8/2018

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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





Rose Law Group named one of azcentral’s 2018 Top Companies to Work for In Arizona. The 5th year in a row that RLG has been honored as a top company to work for in the state! “From inspirational weekly team meetings to monthly Friday Fun day… Rose Law Group pc provides a collaborative engaging workplace,” notes AZCentral. Yesterday, Arizona Commerce Authority and Republic Media celebrated RLG and other honorees at the Fairmont Scottsdale Princess in Scottsdale. Check it out! http://bit.ly/2JC4CuZ

Strategic sync: What Taylor Morrison’s $490 million AV acquisition means. —> “And what to expect next as big players jockey for critical mass to lever scale and serve growing customer segments with competitive price points.” John McManus unpacks that for us, in Builderhttp://bit.ly/2HuUi2N

Phoenix malls reinvent themselves into mixed-use meccas. “Malls are reimagining themselves to try and better meet their communities’ needs as mixed-use facilities that house service businesses, restaurants, homes and entertainment venues.” AzBigMedia takes a look at what’s in store (so to speak) for Metrocenter, Fiesta Mall, and Scottsdale Fashion Square. http://bit.ly/2JDlmSS

Residential sale prices for homes in Maricopa County hit all-timehigh. The “median home value” dropped to “an all-time low of $120,000” in August 2011. “Since then, however, the value has gone up by $174,900.” Dealmaker’s crack “Do-The-Math Department” spent hours poring over those figures, finally concluding in the wee hours that what they add up to is an “increase of 69 percent” for an “all-time high” of $294,900! Actually, KTAR supplied the impressive calculations — and it also looks into the factors behind ‘em. http://bit.ly/2JEqZjn

Home-flipping is hot in Phoenix area, but profits from reselling are not. “Phoenix grossed an average of 22 percent ($41,913 per sale), which was well behind the national average of 48 percent ($69,500).” A major factor? iBuyers settling for thinner profit margins, says ATTOM Data Solutions senior vp Daren Blomquist. KTAR. http://bit.ly/2kWtwHS

Most expensive home sales in Phoenix. Arizona Foothills Magazine top home sales 5.28.18 – 6.3.18 totaled “over $31 million,” NOSEDIVING like the cost of a Samantha Bee ad buy, some $12 million from the previous week! Among home features seen (and not seen) in this installment: Private gates, oak flooring, lush grounds, and “disappearing walls of glass” (sounds like a place David Blaine might sell). http://bit.ly/2McLkeb

Buying a house in Tucson getting tougher as prices keep going up and wages lag. “Housing affordability is declining as home prices outpace inflation and income growth, University of Arizona economists said Wednesday [before] a crowd of about 300 at the UA forecast breakfast at Loews Ventana Canyon Resort.” The housing affordability recap in Arizona Daily Star. http://bit.ly/2Ju8B9V

Kingman a new tiny-home destination. “Months of work by City staff and the Planning and Zoning Commission paid off at Tuesday’s Council meeting when the City’s elected officials unanimously approved ordinance text amendments that could bring more tiny homes to Kingman.” Daily Miner. http://bit.ly/2Ju8Dyz

Hampton Inn proposed for Cave Creek. • 80 rooms • 24 casita-style suites • Near Cave Creek and School House • Any zoning changes required for this ‘L’ shaped property? • Get the answer plus more info on the proposal in Sonoran News. http://bit.ly/2JFE1xb

This bricklaying ‘bot may disrupt construction industry. “The robot cuts its own bricks, applies the adhesive, and then feeds the bricks to the end of its large robotic arm for placement.” Pro Builder reports that it “can lay more than 1,000 standard bricks per hour.” Learn more and WATCH a mesmerizing 2-minute video showing the home building Hadrian X doing its thing, right here: http://bit.ly/2JnEEMD

Judge again rules that Lakes golf course be restored. “For the third time in two years, Judge John Hannah made it crystal clear to The True Life Companies that it must restore Ahwatukee’s best-known eyesore to a golf course.” AFN reports, however, that Hanna “refused to rule that it be restored to the same condition it was in before the water was turned off in 2013…” http://bit.ly/2JiCHRs

Annexation application and revised map submitted to Queen Creek. The new application — submitted by a resident who “has been leading the charge” for the Encanterra community’s “annexation into Queen Creek” — “contains a revised map which no longer includes any land east of Kenworthy…” What land DOES the map include? Find out and see what the annexation map looked like BEFORE revision, at SanTanValley.com. http://bit.ly/2LALeMa

Gilbert Council hopefuls share agendas during Chamber forum. “The forum, at The Falls event center, gave [seven] candidates their first opportunity to discuss their platforms and qualifications in an open setting. They responded to a range of topics, including their vision for Gilbert, the role of local government and the town’s budgetary priorities.” East Valley Tribune. http://bit.ly/2Hwhi1x

THAT’S A WRP! – Johnson Utilities reports they are closing Section 11 Wastewater Treatment Plant. “The [plant] has been at the center of odor complaints from nearby residents in recent years. Wastewater currently being treated at the [plant] will be treated at a new regional facility to be known as the Copper Basin Water Reclamation Plant [WRP].” But before construction can start on this new WRP, “the Company” must obtain a few regulatory and permittingapprovals. SanTanValley.com. http://bit.ly/2JDDpYZ

74-year-old woman to participate in ‘hottest race on Earth’ in Scottsdale; SPECIAL DEAL for Dealmaker readers! We bring you this KTAR story on “the oldest participant in this year’s Beat the Heat” marathon as a reminder to any Dealmakers out there who’ve yet to snatch up two FREE TICKETS! to the June 16 Scottsdale Fahrenheit Festival at WestWorld. Simply tap to Rose Law Group Reporter, mark your tickets with promo code “ROSELAW,” and get ready to “heat up (or cool down) at this one of a kind event for arms, legs and kegs,” featuring the world’s most lucrative arm wrestling contest w/ Travis Bagent, an El Hefe Jalapeño Eating Contest, craft beers, and much more. Don’t miss it! http://bit.ly/2sRGOcp 

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!

LGBTQ RSVP OK – Arizona court sides with Phoenix on same-sex wedding invitations. “The Arizona Court of Appeals affirmed Thursday that a Phoenix law protecting lesbian, gay, bisexual and transgender people from discrimination is constitutional and that local wedding vendors must serve same-sex couples. The decision comes just days after the Supreme Court weighed in on a similar lawsuit out of Colorado with a narrow ruling that left many legal questions unanswered.” AZCentral. http://bit.ly/2Jrdnon

Revamped lawsuit vows to expose ‘discrimination’ in Obama FAA’s diversity hiring. The Obama administration’s plan to “ ‘transform’ FAA into ‘a more diverse and inclusive workplace’ ” included a “biographical questionnaire” which “awarded more points” to “applicants less qualified than FAA used to tap for hiring.” It gave “more points to individuals with a lower aptitude in science and who’d been unemployed for the previous three years.” The Daily Caller reports that a federal judge has “breathed new life into a lawsuit” challenging this Obama-era practice that “put ‘diversity over safety.’ ” http://bit.ly/2LyEApL

Critics slam Michele Reagan over election funding site ‘that doesn’t work.’ “Democrats took aim at the website [SeeTheMoney.com] Tuesday in their first video ad of the campaign cycle targeting Secretary Reagan…. But Reagan’s office has called the website a ‘groundbreaking’ success… Her spokesman, Matt Roberts, said it’s curious that critics are complaining about efforts to improve transparency in campaign spending. He said the site is a national model.” AZCentral. http://bit.ly/2Jret3t

Arizona utility bribe trial details contact with FBI. “Kelly Norton detailed how she first heard in 2015 the FBI was investigating her then-husband, Jim, along with [George] Johnson who runs the water and sewer utility in the San Tan Valley that bears his name.” SanTanValley.com has a recap of Wednesday’s testimony. (For Arizona Capitol Times’ coverage, see “Kelly Norton: ‘I wanted to keep copies of everything just in case.’ ”) http://bit.ly/2Jt3CGj

Tucson federal judge wants prosecutors to tell migrants where their children are located. “In the past three weeks, at least 45 children, most of whom are from Guatemala, were separated from parents who were prosecuted in Tucson through Operation Streamline, a fast-track program for illegal border crossers.” On Monday, “a federal judge in Tucson told a prosecutor to help find them.” Arizona Daily Star. http://bit.ly/2sHwrIG

Poll: Arizona voters strongly support measure to tax rich for education.“A proposed ballot measure that would tax the wealthy to fund public schools has strong support from Arizona voters… The poll by FM3 Research, a California-based research firm, shows 65 percent of the Arizona voters surveyed support the Invest in Education Act.” KTAR. http://bit.ly/2sSLU83


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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  • Published: 12 months ago on June 8, 2018
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  • Last Modified: June 11, 2018 @ 2:56 pm
  • Filed Under: Dealmaker

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