The Dealmaker: 8/21/2018

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





2018 Where To Live. “Valley real estate is humming. But how much higher can it go before the next dip? And which neighborhoods have yet to peak?” PHOENIXMagazine is out with its 2018 edition of “Where To Live,” an annual survey of the local real estate landscape, featuring the “State of the Market,” “Home Values,” “Neighborhood Close-Ups,” and much more. —>

Phoenix real estate in July: Sales up 7% YoY, active inventory down 8% YoY. CalculatedRISK’s Bill McBride returns with a local housing-market update for July, which was the “twenty-first consecutive month with a YoY decrease in inventory.” (OTOH, it was “the smallest YOY decrease in almost 2 years.”)  

How long would it take to save up for a down payment on Phoenix home? In Chicago, it takes the shortest amount of time to save up for 20 percent down on an entry-level home — three years. In Portland, it’s thirteen years. Phoenix falls somewhere in between. Get the findings from the study at KTAR.

Legal morass muddies waters on WOTUS rule. “A recent ruling by the U.S. District Court for South Carolina means that for the foreseeable future, roughly half of U.S. states will be abiding by one set of rules pertaining to waters of the United States while the rest will abide by different rules.” NAHBNow.

ASU 365 Community Union expected to transform Sun Devil Stadium. Why spend $300 million to renovate a stadium if you’re only going to use it eight times a year for football? Why not use the stadium EVERY day? That’s the concept behind ASU 365 Community Union, the “brainchild” of ASU alum and “private-equity investor” Jack Furst, who envisioned turning “the stadium into a place that students, faculty and staff members and the community can utilize year around with a wide range of options…” ADI.

11 years later, court battles over Rosemont Mine persist. “Supporters say the mine has been studied to death and will bring much-needed jobs…” Opponents say studies on the proposed “open-pit copper operation in the Santa Rita Mountains” have “overlooked its environmental impacts.” Arizona Daily Star looks into the “latest” legal “twist in an 11-year battle.”

Lake Mead recreation area played role in new interstate. The first stretch of I-11 “travels through 1.5 miles of Lake Mead National Recreation Area to the Hoover Dam.” During “planning and construction,” special attention was paid to “maintaining natural view sheds, wildlife migration patterns and dark night skies.” As one Lake Mead official puts it in this Daily Miner report: “[W]e wanted the landscape to dominate, not the interstate…”

Tribally owned solar power plant beats skeptics, odds on Navajo Reservation. “The Kayenta Solar Project became the largest tribally owned renewable power plant in the country when it went on line last summer.” Today, the plant “generates enough power for 18,000 homes on Navajo lands.” It’s something many thought they might never see happen. Cronkite News via Payson Roundup.

Happy Birthday Tucson: 243 years of Old Pueblo history. Tucson celebrated its 243rd birthday yesterday. In honor of that, Arizona Daily Star presents “a history of the Old Pueblo” — from 1854 and The Gadsden Purchase, to 2010 when Spring Training said “adios.” 

Cameron’s $5M + deals of the day –

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!


Valley designer looks to create biodegradable clothing. (Disclosure: Rose Law Group represents Galina Mihaleva.) Kombucha: “A fermented tea drink that can be used to make a leather-like textile that supporters see as a potential solution to the environmental impact of the fashion industry…” ASU visiting professor and Valley designer Galina Mihaleva is currently working to create viable kombucha material that could one day be used to make “someone’s coat, jacket or dress.” And don’t be surprised if the very first “someone” in line to try on a kombucha jacket is none other than Rose Law Group founder and president Jordan Rose! Cronkite News.


The Land Agency brokers 1,500 acre, 4,926 planned lot, master planned community in Pinal County Read more

New custom homes at Talking Rock – Outlaw series Read more

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

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