The Dealmaker: 8/13/2018

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

 

 

 

 

The Dealmakers/Falling in love with the right home. Or: How to avoid falling head over heels for a model — model home, that is. Many “models have upgraded features and options” that can often come as a surprise to the inexperienced buyer. With that in mind, Rose Law Group president and founder Jordan Rose, and Belfiore Real Estate Consulting president and founder Jim Belfiore detail some “commonly overlooked features that deserve some attention when home shopping,” in EV Tribunehttp://bit.ly/2OyS9au

Glendale takes next step toward sale of golf course. “Despite recently deciding to keep Glen Lakes Golf Course running in Glendale for another year, the city may look at other options much sooner.” AZCentral reports that Glendale has already started exploring “possibilities for private residential development on the land…” But will neighbors be open to it? City Manager Kevin Phelps is “optimistic.” http://bit.ly/2MIjHto

Mesa rekindles hopes to revive long-dormant downtown site. “Site 17… started with prospects for a gleaming new resort with a water slide, but it quickly slid into oblivion as a symbol of how eminent domain can backfire. Now, 30 years later [the site] is on the brink of paying off handsomely with a high-quality residential development…” EV Tribune. http://bit.ly/2nyCzQD

Peoria development site along 101 waits for buyer. “This is the second in a [Peoria Times] series outlining what Peoria Economic Development Department calls the city’s premier development sites.” This report focuses on the prime location known as Core West Office Park. http://bit.ly/2P7qGhg

Revisions wanted for Cooley Station apts. IDM Companies is seeking “to build a new multifamily residential community just north of the NWC of Recker and Williams Field…” AZBEX reports, however, that “Gilbert planning staff is concerned about the ‘architectural aesthetic’ ” as well as the “lighting of the project.” http://bit.ly/2MGTE5E

PHX multifamily still appealing. “Institutional investors are actively seeking multifamily opportunities in the Phoenix area, and that trend shows no sign of slowing down in the near term, according to the ABInsight Phoenix MSA 2Q 2018.” Report highlights, including market metrics and info on who these investors are, atAZBEXhttp://bit.ly/2KKiksp

Pine Canyon breaks ground on premium condominiums. • Mountain Vista • Flagstaff • Luxury condos • W/ full-service concierge • Starting in the start in the $700s • Floor plan and other design details • At AZRE. http://bit.ly/2P6xMCD  

5 takeaways from the water-rights ruling over a planned Sierra Vista development. Arizona Daily Star takes a look at the state Supreme Court water-rights ruling and its potential impact for Castle and Cooke’s “7,000-home Tribute project” in Sierra Vista. http://bit.ly/2vFwK8x

Home of American industrialist who shaped the W. Valley to become spot for events, history. “The home of a Goodyear tire executive [Paul Litchfield] who helped put the West Valley on the map is slated to… be restored and used as a museum for the West Valley called the ‘Paul Litchfield Heritage Center.’ ” More on Paul Litchfield, (the Thomas Edison of the rubber industry), plus a SLIDESHOW of the ”5,400-square-feet home,” in AZCentralhttp://bit.ly/2P2fXEu

The most valuable neighborhood names. “In some parts of the country, the average household income of places with words like ‘Village,’ ‘Valley,’ and ‘Heights’ in their names was in excess of $100,000.” The full study, including the most common (and ‘valuable’) names in Arizona — in Porchhttp://bit.ly/2MszSho

Johnson Utilities violations sent to attorney general. [The Arizona Department of Environmental Quality] has referred the company to the state attorney general because it has failed to comply with what is required regarding seven notices of violation and one non-compliance order in which the utility was fined $10,000, all in 2018.” San Tan Valley Sentinel. http://bit.ly/2MMn02w 

Infrastructure spending: Which state is falling apart the worst? “24/7 Wall Street created an index using the share of bridges, roads, and dams that are in a state of disrepair or potentially hazardous, to identify the states with the best and worst infrastructure.” The rankings in USA Todayhttp://bit.ly/2vI76zP

Freeway sound wall ‘fins’ start to take shape. “The Arizona Department of Transportation is touting the addition of fins for the sound walls along parts of the Pecos Road portion of the South Mountain Freeway.” The fins feature “decorative accents” inspired by the work of Frank Lloyd Wright. AFN. http://bit.ly/2OATMo5  

Maricopa wins award for Edison Road development. From “road to nowhere” to Public Works Project of the Year. Congratulation to the City of Maricopa which has been honored by the “Arizona chapter of the American Public Works Association” for its expansion and development of Edison Road. Maricopa Monitor. http://bit.ly/2nBtSoy

Maricopa candidates discuss budget priorities, chamber cooperation.“The Maricopa Chamber Breakfast Aug. 8 was host to a small candidate forum for those running in the city council race. Candidates Linette Caroselli, Vincent Manfredi (incumbent) Bob Marsh, Cynthia Morgan, Rich Vitiello and write-in candidate Leon Potter were present.”  Coverage at inMaricopa. http://bit.ly/2B9nOxm

Alliances form in Glendale Council races during candidate forum.“Discussion stuck to the issues for most of the event, until the challengers, [Ray Strahl] and [Emmanuel Allen], switched to attacking their opponents’ credentials during the closing statements. Both praised the Council as a whole but painted their respective opponents as faulty cogs in an otherwise well-functioning machine.” WATCH the debate in full, at YourValleyhttp://bit.ly/2nAfhK5

Flagstaff City Council candidates sound off. It’s soapbox time at Arizona Daily Sun. Council candidates Austin Aslan, Paul Deasy, Dennis Lavin, Alex Martinez, Regina Salas and Adam Shimoni each “talk about what matters to them” most. http://bit.ly/2OxBHah


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!


[VIDEO] Trump Canadian tariffs impact local businesses, workers. An Arizona PBS piece on “how one local business is getting impacted by tariffs placed on Canadian products by President Donald Trump and how jobs are being affected as well.” Featuring insight from Canada Arizona Business Council CEO & founder, R.Glenn Williamson. (Running time: 10 minutes.) http://bit.ly/2MICWTC

Report: Tests show fully autonomous vehicles not ready for public roads.“[Waymo] claims it has vehicles with no backup drivers regularly driving the streets, and that it will launch a fully driverless ride hailing service in metro Phoenix no later than the end of this December.” However, tests conducted by the “Insurance Institute for Highway Safety” may throw a monkey wrench into Waymo’s launch plans. Phoenix New Times. http://bit.ly/2MFCSUF

Tweet retreat: Twitter purge trimmed lawmakers’ followers, impact small. “When Twitter purged suspicious accounts last month, Arizona Sen. John McCain lost 210,000 followers overnight — but it barely made a dent for McCain, who still had almost 3.2 million followers. The changes were much the same for the rest of the Arizona delegation…” Cronkite News. http://bit.ly/2w507Al

An 11-year-old changed election results on a replica Florida state website in under 10 minutes. And PBS also reports that 30 kids “were able to hack into replicas of secretaries of states, where vote tallies are posted.” But does what happened at this DEFCON hacking event for children accurately reflect “the level of security vulnerabilities found in the U.S. election system”? Some are skeptical. http://bit.ly/2MpvKij

New custom homes at Talking Rock – Outlaw series Read more

Pulte meets East Valley housing demand with pre-sales at Cadence Read more

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

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