Thursday, November 26, 2020 10:50 pm

The Dealmaker: 7/19/2018

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




$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.

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).

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

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.

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.

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.” —>

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

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:

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.

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.

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.”

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.

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.

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.”

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.

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.

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:

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.

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.

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. 

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


Top 10 Branding Slogans for Arizona. Five years ago, the state hired a consulting firm to come up with a slogan and possibly a logo to overcome various economic and image problems at the time. Senior Reporter/Writer Phil Riske has come up with some suggestions — if it’s not too late:

Limits on Clean Elections Act in hands of voters. “Arizona voters who want to preclude publicly funded candidates from buying services from political parties will have to vote for new limits on the powers of the Citizens Clean Elections Commission to get that change. And vice versa.” Cap Media Services’ Howard Fischer explains, in Arizona Daily Sun

Politics dumps Twitter litter on journalists. “High-profile journalists are saying they might leave Twitter after tweets attacking them and family members. The latest controversy is underscoring how the popular social media platform has become toxic in the current political climate.” The Hill.

10 warning signs you’re in a lousy barbershop. While this is a WSJ piece which typically means having to scale a paywall, today you can enjoy it IN ITS ENTIRETY in Rose Law Group Reporter.

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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