The Dealmaker: 7/30/2018

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 Dennis Webb, vice president of Fulton Homes. (Disclosure: Rose Law Group represents Fulton Homes.) He went from selling menswear in Los Angeles to landing with Fulton Homes in Arizona, helping guide the homebuilder through the recession’s tough times, only to have it emerge “a far stronger company.” The story, plus Dennis Webb reveals his favorite Fulton community and housing product — and more — in this latest installment of Rose Law Group Reporter’s continuing series. http://bit.ly/2v0l2oF

Phoenix, Scottsdale neighbors fight plans for Kierland high-rise.Neighbors “formed the Kierland Community Alliance to fight the new [DMB] development.” They “showed up at a Paradise Village Planning Committee meeting a few weeks ago to show their opposition.” AZCentral reports on this battle over “Taller, thinner vs. shorter, wider” (and “less dense”). —> http://bit.ly/2v16JQy

14-story hotel, apartments going up near University of Arizona. “The Marshall Foundation has entered into an agreement with developers to create the urban gathering place in Main Gate Square. The 14-story Graduate Hotel & The Collective Apartments [plus ‘retail, restaurants and a public plaza’] will be built at 930 E. Second St…” Details and renderings in Arizona Daily Starhttp://bit.ly/2vhMYUd

Luxury homes that promise to reduce stress—for $4 million. “Upscale home buyers are… opting for interior design that incorporates nature to reduce stress and promote mental clarity.” Offerings include “private and communal spaces for meditation and yoga.” WSJ looks at this latest “trend in luxury real estate: The mindful mansion.” (Subscriber Content). http://bit.ly/2LPujcH

Here’s what buyers of new homes want. “Ashton Woods, a home builder in multiple markets [Arizona included], recently surveyed homeowners who plan to buy a new residence in the next 10 years to find out what they were looking for in a newly constructed home.” Builder has the survey highlights. http://bit.ly/2uWIB1B

Tortosa residents rip HOA for not providing services. “Some residents of Maricopa’s Tortosa community are not happy with their homeowners association and say the HOA has retaliated against them for complaints… Adding to the frustration is the fact that this neighborhood has one of the highest HOA fees in Maricopa…” Maricopa Monitor. http://bit.ly/2OqPdx8

Take a peek at Cardinals stadium’s $100M in upgrades. Major slices of that $100M will go toward: “Stadium club area renovations with female fans in mind”; “Parking lot, pedestrian tunnel and bridge, security”; and “Future stadium upgrades.” AZCentral looks at these and other improvements planned for University of Phoenix Stadium as it gets ready for Super Bowl LVII in 2023. http://bit.ly/2NSBcY2

Cives Steel plans 8th facility in El Mirage. Cives Steel Company seeks “to build a [114KSF] steel manufacturing facility as part of the CenterPoint Logistics Park, which as a whole consists of 317 acres at the SWC of Peoria Avenue and Dysart…” Project overview along with aerial sitemap and layout — at AZBEXhttp://bit.ly/2LZoB4L

Tactical indoor range planned in Mesa. “The three-story, 33KSF facility [‘near the intersection of Ray and Sossaman] will be C2 Tactical’s third location… The proposed Mesa location will also serve as the company’s headquarters…” AZBEX. http://bit.ly/2via25o

Pinal farmers’ rep seeks solutions in face of water cuts. “Cuts to agriculture’s share of Central Arizona Project water will primarily affect Pinal County farmers and likely will take away half of their total water supply.”  Thursday, the “steering committee on the Arizona Drought Contingency Plan met for the first time” and “made it clear that one of its principal goals is to mitigate  the effect of the plan on agriculture.” PinalCentral. http://bit.ly/2Orld4m

Queen Creek ‘thankful’ interim manager approved for Johnson Utilities, mayor says. “The towns of Queen Creek and Florence had submitted an application to the Arizona Corporation Commission to serve as interim manager of Johnson Utilities.” The ACC went with EPCOR. Here’s what Queen Creek Mayor Gail Barney says about it: http://bit.ly/2uZ0InI 

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


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!


[IN-DEPTH] Former Phoenix publishers choose sex over 1stAmendment. “How a couple of crusading journalists made a fortune selling adult escort ads [via Backpage] and in the process became unlikely and widely reviled First Amendment advocates.” POLITICO. http://bit.ly/2vkvczN   

Ethics, renewable energy big issues in Arizona’s Corporation Commission race. These issues are swirling “amid controversies including bribery charges against a past chairman and charges that the state’s biggest power company is unduly influencing elections.” Arizona Daily Star. http://bit.ly/2LyoVeF 

Morrison Institute studies ‘crisis’ of low millennial voter turnout.“A study done by the institution and ASU found that despite the fact that millennials outnumber baby boomers in Arizona by about 170,000, the elder generation made a much larger indent with their vote.” For a closer look at the study, tap to KTAR. http://bit.ly/2ApUKBl

 

$5,056,000 multi-family land transaction In “Washington Street Corridor” Read more

2018 retail space absorption up 10% over 2017 Read more

Arizona Builders Alliance AGC Education Fund graduates 48 apprentices  Read more

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