$31.35 million is successful bid for 125 acres of State Trust land in Peoria. And the one and only bidder in the auction for the subject parcel at the SW corner of Lake Pleasant Parkway and Deer Valley Road: D.R. HORTON. Rose Law Group Reporter has the AZ Land Dept. news release on the auction. For a more detailed treatment, see item below. http://bit.ly/2JzlRJj
Nation’s largest homebuilder paid $31.4M for Peoria land in state auction bid. PBJ reports on D.R. Horton’s successful bid, filling out some details on the homebuilder’s development plans, and also featuring remarks by CEO Doug Fulton on the D.R. Horton product that might be going up on the property. (Subscriber Content). http://bit.ly/2O3EiJM
Gilbert approves 100-year water lease with San Carlos Apache Tribe; ‘leadership, determination got deal done,’ says Thomas F. Galvin, land-use, regulatory and water attorney at Rose Law Group. It’s a deal eight years in the making — a $31.2 million lease that “will allow for continued growth,” by giving Gilbert “access to nearly 6,000 acre feet of water annually.” Thomas Galvin: “Congratulations are in order to the San Carlos Apache tribe and particularly, Mayor Daniels, who displayed leadership and dogged determinedness to work with all facets of the federal government to ensure this deal was consummated.” The AZCentral report and much MORE from Thomas Galvin in Rose Law Group Reporter. http://bit.ly/2A0CmhY
Desert Mountain seeing increase in Californian homebuyers. “The trend is giving Arizona’s residential market and high end communities like Desert Mountain a recognized boost according to Arizona real estate experts…” How much of a “boost”? Real estate consultant Jim Belfiore supplies the figures in this Scottsdale Independent report. http://bit.ly/2muKgqB
Maricopa could be 2 years away from apartments, condos. “At the City Council meeting Tuesday, a presentation was given on the [housing needs] plan. It is the second part — the implementation part — of a housing study conducted in Maricopa.” KEY QUOTE: “This started off as a housing plan, but ultimately we’re developing a village center.” Casa Grande Dispatch. http://bit.ly/2LkvqAP
Phoenix real estate in June: Sales down 3%, active inventory down 10% YoY. CalculatedRISK’s Bill McBride returns with a local housing-market update for June, which was the “twentieth consecutive month with a YoY decrease in inventory.” —> http://bit.ly/2zZVHjI
Powell: Housing not the economic driver it once was. “In terms of housing — the economy is so much bigger than it was before, and housing is so much smaller.” That’s what Federal Reserve Chair Jerome Powell told the House Committee on Financial Services yesterday. And he “went further.” See what else he said to the committee, in HousingWire. http://bit.ly/2zZWMYO
Office building with waterfront views planned for Tempe Town Lake area. The project, called Tempe Waterfront, is a joint venture between developer KDC and construction firm The Weitz Company. KTAR reports that it will be located on “Rio Salado Parkway between Rural Road and McClintock Drive on the south side of the lake.” Rendering and further development details here: http://bit.ly/2LAK2Ju
Innovation Pavilion groundbreaking ‘a ways out.’ However, there’s a “predevelopment feasibility study of Innovation Pavilion” that’s right around the corner, as are “several local events” showcasing some of what Florence’s “new business development park” will have to offer. Florence Reminder. http://bit.ly/2O1v1lu
Paradise Valley council candidates opine Ritz-Carlton project progress.Is the development agreement a “good deal” for PV? How important is a “successful” Ritz-Carlton development? Any concerns over construction progress? Council candidates share their views in PV Independent. http://bit.ly/2LaAs3N
Cave Creek Council approves commercial residential treatment home; Rose Law Group client Jim Fantin, a neighbor directly affected, talks referendum budget. Despite neighbors being “adversely affected,” Cave Creek Town Council has approved a SUP for Soberman’s Estate, a commercial treatment home right in the middle of a neighborhood zoned residential. Sonoran News recaps how the approval went down, while in Rose Law Group Reporter, Cave Creek resident Jim Fantin says the “fight” over “whether or not it is okay for commercial ventures to operate in residential neighborhoods” has “just begun.” http://bit.ly/2uNUplY
She’s undaunted by Ahwatukee Farms’ collapse. As founder and director of Desert Gardens Montessori School, Shetal Walters had hopes that the “agrihood” envisioned for Ahwatukee Lakes Golf Course would bring an expansion opportunity for her school. While court rulings may have dashed those hopes, “Walters is philosophical about the lost opportunity.” AFN. http://bit.ly/2zPk3ME
Grand Canyon National Park considers replacing Maswik Lodge. “Because the Maswik Lodge complex has outlived its intended lifespan, Grand Canyon National Park proposes to demolish the existing structures and build a new lodging complex in Maswik’s existing footprint.” More info about the proposed new building in Grand Canyon News. http://bit.ly/2JCcFE0
San Diego becomes the latest city to crack down on home-sharing. How harsh is the crackdown? Think Seattle and then some! The Goldwater Institute reports that “if an individual or business owns more than one property in San Diego, or if they live outside of the city, they will be prohibited from using those homes for short-term rentals.” http://bit.ly/2uxhbPK
Yes for Scottsdale Streets launches to support infrastructure ballot measure. How do you get folks to buy into a .10 percent sales tax increase to “fund transportation projects”? Create a political action committee to educate them about it! That’s exactly what Vice Mayor Guy Phillips and Councilwoman Suzanne Klapp have done. They’re “spearheading” the effort with a PAC called “Yes for Scottsdale Streets.” Scottsdale Independent. http://bit.ly/2JCTsSZ
Aging Douglas port getting another makeover as plans to build new facility move slowly. “Congress has yet to set aside the money needed for such a large-scale project. However, developments in the past few months have given local leaders encouragement about the federal government’s commitment to the area.” AZCentral. http://bit.ly/2uNWPB4
Q-and-A with Queen Creek mayor candidate Gail Barney. “One Queen Creek resident is running for mayor and three for three seats on the council… Queen Creek Independent e-mailed questionnaires to the candidates.” This is Mayor Barney’s response: http://bit.ly/2LzbfvQ
Cave Creek candidates have second debate. Current Mayor Ernie Bunch and current councilwoman Eileen Wright go head to head in the mayoral matchup. Then, council candidates — Susan Clancy, Tom Augherton, Reg Monachino, Ron Sova, Bob Morris, Kathy Royer, David Smith, and Paul Diefenderfer — battle it out. Sonoran News has the blow-by-blow. http://bit.ly/2O2HtRL
Raise, contract extension OK’d for Florence Town Manager Brett Billingsley. “Town Manager Brent Billingsley will receive a 10.8-percent raise and other perks in a contract extension approved Monday by the Town Council.” Details in Florence Reminder. http://bit.ly/2A0Jriy
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
