The Dealmaker: 7/5/2018

[VIDEO] Mormon Temple releases plans for massive downtown Mesa makeover. Carl Duke, VP of City Creek Reserve, the developer, calls the makeover “an enormous catalyst for development…” And that catalyst is well underway, as abc15 reports the area is “now a full blown construction zone.” WATCH here: http://bit.ly/2MOlCwg

Taylor Morrison debuts new homes at the Meadows in Peoria. • One-and two-story floor plans • 1,570 to 2,936 sq. ft. • Up to six bedrooms • At the NE corner of Deer Valley & Lake Pleasant Parkway • Design details in the news release at AzBigMedia. http://bit.ly/2Kzr4q6

Demand keeps up with supply in Phoenix. “[T]he area has slowly turned into a magnet for companies relocating from nearby California… As a result, rents rose 4.0 percent year-over-year… Apartment construction is strong, with more than 16,600 units underway and 26,000 in the planning and permitting stages…” Those are the main takeaways from a new Yardi Matrix report. Get an overview and access the full forecast in MHM. http://bit.ly/2u3B0gc

Tucson still far behind Phoenix in recovery from Great Recession. Studies have pegged Tucson “dead last” in the West for new business growth and the “neediest” city in Arizona when it comes to child poverty rates. HOWEVER, there “have been signs of life lately, helped by a revitalizing downtown and expansion plans announced by several big corporations.” AZCentral via RED News. http://bit.ly/2MRhr2z

Freddie: Young, aspiring homeowners stuck until 2025. The main culprit for the “lag”? Blame it on home prices “rising faster than incomes,” says a new report from Freddie Mac. Survey highlights, plus Freddie Mac chief economist Sam Khater weighs in on the findings, in REALTORMag. http://bit.ly/2u72BNG

Leaders share Surprise housing project plans. “[Gorman & Company] is partnering with the Maricopa County Housing Authority to develop an affordable-housing complex, which is just one component of a major revitalization project announced for the city’s Heritage District.” Last week, officials updated residents on plans for the “100-unit Heritage at Surprise affordable housing complex.” Details and rendering in YourValley. http://bit.ly/2KUUMBK

McFarland has vision for Casa Grande in run for 2nd term. In seeking another term as Casa Grande’s top elected official, Craig McFarland is running unopposed. In this PinalCentral profile, Mayor McFarland addresses how he plans keep the city moving forward, touching on such topics as taxes, impact fees, and business growth. http://bit.ly/2MPsVDG

Fountain Hills mayoral debate helps distinguish candidates. Ginny Dickey and Cecil Yates “faced off” last week, “before a crowd estimated at nearly 400.” Yates touted his CRE background, while Dickey zeroed in on the town’s infrastructure needs. Fountain Hills Times recaps the debate that, at times, “resulted in some feisty exchanges.” http://bit.ly/2tXYGDM

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 

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

[OP-ED] Governor Doug Ducey: Here’s my plan to make Arizona even better. Citing major accomplishments over the past three years — budgetary belt-tightening, economic growth; low unemployment; education and public-safety investment among them — Governor Ducey lays out how he intends to keep things rolling for the people of Arizona. http://bit.ly/2MSwtoN

Let no question go unanswered: From the Rose Law Group Reporter Growlery. “Nothing is more maddening than something that leaves you begging for an explanation,” says Senior Reporter/Writer Phil Riske. So, for his latest piece, Phil has made a list of “Top 10 Things That Need Explaining.” Check ‘em out! http://bit.ly/2tZuSGC