The Dealmaker: 7/17/2018

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

 

 

 

 

Study: New businesses generate huge economic impact in downtown Phoenix. “$9.7 billion annually,” according to The Economic Capture of the Downtown Phoenix Redevelopment Area, a new report from Downtown Phoenix Inc. in conjunction with Rounds Consulting. Highlights, including housing and startup data, plus access to the full report, at PBJ. http://bit.ly/2zPmJtS

Pollack: Economy still on track. That’s the main takeaway — nationally. For our neck of the woods, the Monday Morning Quarterback zeroes in on the apartment market, with data showing that it, too, is “still in good shape.” Among the ‘Snapshots’… U.S.: GDP, Consumer Sentiment, Credit, Prices. AZ: Vacancy Rates & Average Rents – Greater Phoenix, Active Listings & Sales – Greater Tucson. http://bit.ly/2L5IdIl

Canyon Del Rio development draws closer. New homes are on the horizon for a “270-acre swath of land” in Flagstaff — finally. Plans for the property date back to 1983, but “new homes could be under construction by 2020.” (What’s another 18 months or so, right?) Arizona Daily Sun reports the development “could provide around 1,100 units, with about 500 of those being single-family homes and 600 being apartment units.” http://bit.ly/2NRJm3T

Western and some southern states lead residential permit growth. Between May 2017 and May 2018, 33 states saw growth in single-family permits issued, while 34 states recorded growth in multifamily permits. Eye On Housing has the mapped-out data, including growth rates for Arizona. http://bit.ly/2L5rTXW

Facts behind the south Phoenix light-rail rhetoric. “The Arizona Republicreviewed public records, minutes, crime statistics and video recordings of public meetings, and interviewed politicians, business owners and residents to answer some of the most pressing questions about the planned light-rail project and the controversy that surrounds it.” —> http://bit.ly/2LqOM47

East Valley growth driving public safety training complexes. “Both Gilbert and Chandler have grown so explosively that their police and fire departments no longer can rely on other municipalities to train officers and firefighters.” East Valley Tribune takes a look at what each municipality is doing to address the growing need for such training facilities. http://bit.ly/2Lgjwbi

What metro Phoenix cities are asking you for in this year’s elections.“Arizona voters will face a list of ballot measures this year, including funding requests for police, parks and roads.” AZCentral has a rundown of what ballots will look like in Phoenix, Mesa, Scottsdale, Chandler, Gilbert, Tempe, Buckeye — candidates excluded. http://bit.ly/2NUHtU9

A KNAPP IN PARADISE – Knapp named Paradise Valley community development director. “After conducting “a nationwide search,” Paradise Valley has decided to hire from within, selecting current “capital projects manager” Jeremy Knapp to oversee the “town’s planning, permitting, and code enforcement functions.” More on Jeremy Knapp in Paradise Valley Independent. http://bit.ly/2uHYCaN

Maricopa City Council candidates try to gain public favor at forumThe candidates: Henry Wade, Vincent Manfredi, Linette Caroselli, Bob Marsh, Rich Vitello, Paige Riche, Cynthia Morgan and Leon Potter. The questions: Focused on “economic development, housing, and improving State Route 347.” The recap: At Maricopa Monitor. http://bit.ly/2NoEwK6

Cameron’s $5M + deals of the day – http://bit.ly/2uGmc7H


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!


U.K.introduces new fighter jet: The Tempest; ‘Welcome to the future,’ says Rose Law Group Cybersecurity, Privacy and Emerging Technologies Chairman, Troy Roberts. Among Tempest’s many high-tech features: It will be able to “fly with a human pilot or without one,” and it will also be able to “direct a group swarming drones, complicating the enemy’s defense…” Troy Roberts: “Combined with ever-advancing artificial intelligence technology, unmanned combat aircraft is the future of air warfare.” Read about Tempest in Popular Mechanicshttp://bit.ly/2uHHfqv

Arizona Senate candidate who killed his mother supports ‘good guys’ with guns. The anti-gun-violence crowd was there to hear positions on gun-control. State Senate candidate Bobby Wilson “told a story of how he shot and killed” his “deranged” mother “in act of self-defense while a teenager.” He also said something about the “importance of having ‘a good guy there with a gun.’ ” It did not go over well. Turns out there’s “more to Wilson’s story — a lot more.” AZCentral. http://bit.ly/2LqTMWD

Defense in Corporation Commission bribery trial wants to know if juryhas been ‘infected.’ “The admission by a juror in the Corporation Commission bribery trial that she made some notes at home and brought them to deliberations could lead to a new trial even after all the testimony has been heard.” Capitol Media Services’ Howard Fischer has more on this latest trial development in Arizona Capitol Times. 6http://bit.ly/2LgVpZP

 

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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