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The Dealmaker: 7/9/2018

Posted by   /  July 9, 2018  /  No Comments

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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

 

 

 

 

 

Rose Law Group request for Shops at Terravella among items approved by Queen Creek P&Z. Rose Law Group Director of Project Management, Chris Webb, brought the request for Shops at Terravella, located on the NE corer of Queen Creek and Ellsworth — and P&Z gave the unanimous go-ahead to “site plan, comprehensive sign plan and preliminary plat.” Also approved was “a preliminary plat for Fulton Homes at Barney Farms…” More on these and other P&Z items in QC Independenthttp://bit.ly/2m3nvcT

Waiting for state sober living home rules, cities add their own restrictions; Jordan Rose, founder and president of Rose Law Group, weighs in. Rather than just wait around until ADHS gets its sober-living home “licensing system up and running,” Mesa and other cities are creating “their own ordinances as a stop-gap measure to alleviate what some residents say is an onslaught of these facilities.” – AZCentral. “Cities have a limited ability to regulate these homes and what Mesa is doing is smart. Neighborhoods can also take some proactive measures,” says Jordan Rose, who represents multiple neighborhood groups in protecting the residential character of their neighborhoods. http://bit.ly/2NGLcEG

Metro Phoenix homebuilding hits decade high. With real estate consultant Jim Belfiore supplying some crucial input (recent sales data along with homebuilding forecasts), AZCentral real estate reporter Catherine Reagor brings us up to speed on the current and future state of the Phoenix homebuilding market, including how new home buyers in the area are engaging in a bit of ‘edge suburbanizing.’ http://bit.ly/2NBTxcs

Brookfield Residential brings proposed MPC to Avondale. • Lakin Ranch • 1,130 acres • Located south of West Lower Buckeye Road and bordered to the east by Avondale Blvd. • Preliminary plat is for 461 lots • Entitled for up to 3,695 single-family homes • Much more on Brookfield Residential’s proposal in Rose Law Group Reporterhttp://bit.ly/2zqFJ1C

Peoria City Council postpones 83rd & Olive rezoning. At a recent city council meeting, developer Evergreen Devco “was seeking approval on a request to rezone an existing (PAD) to the Trellis at Roundtree Ranch.” Peoria Times reports, however, that things didn’t quite “go as planned.” In Councilmember Bridget Binsbacher’s words: “Everything about this was moving in the right direction except for the human element attached.” http://bit.ly/2L1ZzS5

Most expensive home sold in Maricopa tops $500,000. This “looker on a lake in Province” was “on the market for nearly nine months at $14,000 above its eventual selling price.” InMaricopa has a rundown and photo of the place, plus info on the other four top sellers. http://bit.ly/2L5fZcm

The world’s first family to live in a 3D-printed home. “A family in France has become the first in the world to move into a 3D-printed house. The four-bedroom property [which ‘took 54 hours to build’] is a prototype for bigger projects aiming to make housebuilding quicker and cheaper. Could it cause a shift in the building industry?” BBC News has the report, which includes a time-lapse VIDEO of la maison undergoing ‘printstruction.’ http://bit.ly/2KJWZ75

Ranking Arizona: Top 10 real estate companies. Here are AzBigMedia’s  “Top 10 residential real estate companies in Arizona, based on public voting for the 2018 edition of Ranking Arizona.” —> http://bit.ly/2KLlL75

DiCiccio slams multimillion-dollar loss in downtown hotel deal. “The City Council last week approved the sale of the downtown Sheraton for $255 million — about $50 million less than what the city still owes for building the 1,000-room hotel.” Calling it “an orgy of corporate welfare and insider dealing,” Councilman Sal DiCiccio contends that the “real loss to taxpayers is $200 million.” He thinks “heads should roll” as a result. AFN. http://bit.ly/2KZk1mC

Phoenix neighborhoods gate their alleys in effort to deter crime. The “Gated Alley Program Project” in Royal Palm and Sunnyslope neighborhoods has been “a long time coming,” especially for Royal Palm residents, ever since “a man wandered into an open residential alleyway, jumped over the fence of a neighbor’s yard and exposed himself to two young girls.” More on this shutdown of ‘highway for bad things” in AZCentral. http://bit.ly/2KUJT6t

Brick-and-mortar retail isn’t dead: Just look at who’s moving into Toys ‘R’ Us’s empty stores. “Toys ‘R’ Us, which closed the last batch of its U.S. stores just over a week ago, has left behind not only nostalgia but also hundreds of empty stores across the country. But you’d be mistaken if you think this paints a gloomy picture of brick-and-mortar retail.” KEY QUOTE: “Our appetite for re-tenanting unproductive anchor space is big.” Forbes. http://bit.ly/2J7tXbY

ADOT hosts public hearing on Loop 303 extension. The project, “part of an effort to accommodate traffic in the growing West Valley,” would extend “Loop 303 through a route south of Van Buren…” ADOT recently “shared its findings on a draft environmental assessment” to “500 West Valley residents.” West Valley View has the recap along with a pretty cool drone’s-eye ‘under construction’ illustration. http://bit.ly/2znHYCV

Mesa Council putting $196M in projects before voters. “In all, six questions will be listed on the ballot. They include the [Mesa Plays] soccer complex – billed as a major source of tourism revenue – as well as new dog parks, new police and fire stations in east Mesa and a new library in southeast Mesa.”  East Valley Tribune. http://bit.ly/2uhl7D3

Daniel Valenzuela to step down July 16 to run for Phoenix mayor. “Valenzuela’s imminent departure is the latest in a series of City Hall shufflings spurred by former Mayor Greg Stanton’s resignation in May to run for Congress.” Read the resignation letter, in full, at AZCentral. http://bit.ly/2KSfi9H

Apache Junction mayor to chair Phoenix-Mesa airport authority. Mayor Jeff Serdy: “Gateway Airport is a major economic engine not only for the Phoenix East Valley, but the state of Arizona as a whole… I am honored to chair the board as we work together to build upon the recent success we have seen…” What local leaders were chosen to serve alongside Mayor Serdy? Find out in Arizona Business Daily. http://bit.ly/2Nxy1G1

Fountain Hills Town Council candidate Q&A: State Trust Land. “What is your vision for development of the State Trust Land? Consider density, housing product, commercial component?” Two mayoral candidates and six hopefuls for Town Council give their answers in Fountain Hills Timeshttp://bit.ly/2KJiZiA

What your Cave Creek candidates have to say. “What do you see as the primary issues faced by the town, and how do you plan to address these issues?” Candidates for mayor and town council give their answers, along with what they cite as their qualifications and goals — in Sonoran Newshttp://bit.ly/2L22l9X

What your Carefree candidates have to say. Carefree mayoral and town council hopefuls answer the same question posed to those running in Cave Creek, courtesy of the same news outlet: Sonoran News. One notable difference? Fewer candidates. http://bit.ly/2J7rvCq

Herman hopes to continue service to Casa Grande. Matt Herman is currently in his ninth year on Casa Grande City Council. In this, “the third in a series of articles profiling candidates for Casa Grande City Council,” the Dispatch looks at some of the issues Councilman Herman intends to tackle if elected to another term. http://bit.ly/2NEZVjh

WalletHub: Mesa outranks all other Ariz. cities in ‘Best Run’ cities. WalletHub compared the operating efficiency of 150 of the largest U.S. cities to reveal which among them are managed best. [It] constructed a ‘Quality of Services’ score made up of 35 metrics grouped into six service categories, which [it] then measured against the city’s per-capita budget.” Way to go, Mesa! —> http://bit.ly/2KTraIj


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!


 

IHMMTM (I had my Metamucil this morning). With texting and e-mail shorthand now the main method of communication for the younger generation, Phil Riske says the time has come that “we senior citizens had our own shorthand.” Good stuff! Rose Law Group Reporter. http://bit.ly/2KSzUyq

Act fast and your opinion can be included in Arizona election pamphlet for a fee. Seventy-five clams. “That’s all it takes to put a 300-word argument into a pamphlet that’s going to be mailed to the homes of all 3.6 million registered voters ahead of the Nov. 6 general election.” But as Cap Media Services’ Howard Fischer reports, “you’ve got to act fast: The deadline is [this] Wednesday…” Arizona Daily Star. http://bit.ly/2KZzjIc

Grijalva says ‘paranoia and secrecy’ surround Tucson shelter housing migrant children. “U.S. Rep. Raúl Grijalva on Friday toured a Southwest Key facility… where he decried the dozens of migrant children who are locked away from their parents and out of public view…” The report in Cronkite News. (RELATED, from Time magazine:  “A 1-Year-Old Boy Had a Court Appearance Before an Immigration Judge in Phoenix.”) http://bit.ly/2m6zXc1

Who really stands to win from universal basic income? “A universal basic income, or U.B.I., is a fixed income that every adult — rich or poor, working or idle — automatically receives from government… It has enthusiasts on both the left and the right. Maybe that’s the giveaway.” New Yorker. http://bit.ly/2u7D9IN

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