The Dealmaker: 7/12/2018

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

 

 

 

Q&A with Alan M. Jones, division president of Lennar Homes. (Disclosure: Rose Law Group represents Lennar Homes) The love of real estate and his rise in the business. Favorite projects and the “Fun Challenge” of the CalAtlantic merger. Building a house in the middle of a commercial parking lot and what happened to it afterward! Lennar’s Division President, Allan M. Jones shares details on these and other topics in this latest installment of Rose Law Group Reporter’s continuing Q&A series.http://bit.ly/2Jg4LjK

This California homebuilder is opening an Arizona division, breaking ground on $20M community. Sonora Crossing is going up in Chandler. The community “will include 78 single-family homes priced in the low $300,000s and range from 1,800 square feet to about 2,200 square feet.”  The builder? Landsea Homes. (NOTE: PBJ subscriber content.) http://bit.ly/2L4fYJ4

Check out the Phoenician resort’s fresh look: New spa, golf course, lobby.“Three years and $90 million” has The Phoenician looking “like a new resort.” And AZCentral has the renovation rundown, including a 25-image ‘sneak peek” at some of the major changes. Check it out! http://bit.ly/2mfckOw

Kavanaugh and home building: What the record shows — and what Rose Law Group litigator Evan Bolick says about it. The rush is on to learn about the judicial record of President Trump’s new Supreme Court nominee, Judge Brett Kavanaugh. NAHB “members need only turn to the multiple NAHB court cases over which Kavanaugh has presided.” Dealmaker turned to Evan Bolick, who states: “One policy that President Trump has consistently maintained and pursued throughout his term is to limit the scope and power of all federal agencies. Judge Kavanaugh’s nomination is consistent with this policy…” Read the rest of Evan’s comment and access the full NAHBNow report in RLGRhttp://bit.ly/2LcZWt9

Phoenix housing back on top after almost 12 years. It’s a “descent and climb” that “took 11 years and 11 months,” but the “residential market has clawed its way back.” In May, the “median sales price of homes around the metro topped the high-water mark first made in June 2006.” And The Arizona Report has new data from ARMLS to prove it! http://bit.ly/2L2TA2D

Most expensive homes currently for sale in Flagstaff. A rundown of the 10 most pricey places in Flag, from Hidden Hollow to Pine Canyon, complete with images, in Arizona Daily Sun. http://bit.ly/2uuwCan

Missing millennial homeownership endangers the American Dream. “If this path forward [to homeownership and building wealth] is cut off, it will reshape the American economy. And it may make many younger people feel they have it worse than their parents, in a cruel distortion of the American Dream.” Realtor.com®  http://bit.ly/2m9zEx0

Medical tech company will anchor I.D.E.A. Tempe campus. “The Peripheral Intervention business of BD (Becton, Dickinson and Company) will be the first tenant in a new building at the Tempe Town Lake development… BD is one of the largest global medical technology companies in the world with more than 65,000 employees.” More on BD — and on I.D.E.A. Tempe, including link to a short YouTube piece — at AZREhttp://bit.ly/2ugczx1

Tempe development projects that legally used a key, state-sanctioned development incentive can continue. Wrangler News: “The city of Tempe provided the following commentary relating to an announcement from Arizona Attorney General Mark Brnovich regarding a lawsuit over a method used by Tempe to help stimulate economic development [i.e., GPLET].” http://bit.ly/2L1xtK7

Old Town Scottsdale plan could help downtown sector reach new heights. Scottsdale Independent reports that changes “injected” into the General Plan include provisions for “new types of development” that “will allow developers an opportunity to ask for heights up to 150 feet.” But whether a developer will be “awarded any bonus height” is a horse of a different color. http://bit.ly/2uhCBQz

A glimpse into the future: Behold China’s FrenchDreamTowers. “The fluting, twisting, chimney-shaped towers recall — in various contexts and from different angles — such dissimilar imagery as a dress on a runway, the roof of a temple and the spathe of a lily.” A look at the fascinating FrenchDreamTowers, what Forbes calls a “stunning expression of form and function.” http://bit.ly/2mc8cij

Hundreds of emails favor 32nd Street interchange. “A review of more than 1,400 emails and website comments sent by Ahwatukee residents to the agency last spring shows the vast majority approve of the plan, with some urging it be built now rather than after the freeway opens late next year.” Ahwatukee Foothills News serves up a sampling. http://bit.ly/2NKzn0c

Coolidge councilman up for reelection vows to put community first.“Councilman Joe Marsh is hoping to maintain his seat for another two years on council. He is one of six candidates in the 2018 council elections.” He talks in Coolidge Examiner about how — if re-elected — “taking care of the citizens of Coolidge will remain a top priority.” http://bit.ly/2zxxpwW

 


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!


 

Brewer quashes notion of McCain resignation regarding Supreme Court vote. Former Gov. Jan Brewer talks with KTAR News 92.3 FM’s Mac and Gaydos about the possibility of Sen. John McCain giving up his seat in order to help U.S. Supreme Court nominee Brett Kavanaugh get confirmed. http://bit.ly/2uhedhS

Why former Sen. Jon Kyl was tapped to guide Brett Kavanaugh. “Part of the answer lies in defining expectations for the ‘chief sherpa,’ the universally adopted but totally informal title for the volunteer job Kyl has signed on to for the next several months.” Roll Call. http://bit.ly/2mb71iZ

Goldwater Institute demands punishing striking teachers. “The institute not only wants the board to still consider disciplinary measures — including dismissal —  against teachers who walked out. It also asked the board to adopt regulations that would require local school districts to make a more aggressive effort to keep schools open.” AFN. http://bit.ly/2LgbHyQ

[IN DEPTH] Public attitudes toward political engagement on social media. “There are a number of ways Americans can be politically active on social media. This survey asked about five specific actions people may take on these sites and finds that some activities are more common than others.” Pew Research Center. http://bit.ly/2uiCBzH

[COLUMN] U-turn: Cardinals’ Steve Keim didn’t lie to Chandler police after all [VIDEO]. “Just a day after Chandler police released a report indicating” Cardinals’ GM Steve Keim “lied about who he was during a DUI stop, the cops now are saying he didn’t lie after all.” And this ‘change of tune’ has caused Republic metro columnist Laurie Roberts to rethink her initial stance on the matter. http://bit.ly/2urIKsQ

Leadfoot lawbreaker: Arizona lawmaker brags to cop about speeding. “An elected state House representative for Arizona’s 5th District, Paul Mosley, bragged to a sheriff’s deputy that he drives at speeds of up to 140 miles per hour, claiming legislative immunity.” As a result, Rep. Mosley (unwittingly?) makes a fantastic case in FAVOR of law enforcement body cams. WATCH —> http://bit.ly/2Lb2BDw

 

Arizona Builders Alliance AGC Education Fund graduates 48 apprentices  Read more

Camelot Homes’ White Horse Wins “Home of the Year” at Prestigious Gold Nugget Awards Read more

Existing-home sales backpedal, decrease 0.4 percent in May   Read more

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