The Dealmaker: 8/28/2018

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

 

 

 

 

Semi-truck plant announced in Coolidge, would employ up to 2,000. (Disclosure: Rose Law Group represents Saint Holdings as the landowner) “Nikola Corporation, which specializes in building pure electric and hydrogen-electric powertrains for big rigs among other endeavors, has announced that it will be developing a manufacturing facility in Coolidge.” Coolidge Examiner. http://bit.ly/2PjfgGv 

Council to consider a re-do of a fallen Mesa attraction. “The 16-acre tract, formerly the Fiesta Village shopping center, has moldered behind chain-link fences for more than a decade… But now City Council is preparing to review a proposal that would pave the way for a complex of four commercial buildings and 220 apartment units.” East Valley Tribune. http://bit.ly/2PdAaGQ

Arizona homebuilder adds solar to offerings without a mandate. “The California solar mandate on all new homes starting in 2020 means many homebuilders in the state will need to adjust their business models.” In this Solar Power World Q&A, Mandalay Homes CTO Geoff Ferrell talks about how “this will play out in California and beyond.” http://bit.ly/2BXtTNO

AV Homes sets shareholder meeting to approve merger with Taylor Morrison. “AV Homes has set Sept. 26 for a shareholder meeting to approve the Scottsdale-based homebuilder’s proposed merger with Taylor Morrison Home Corp.” More on the merger in PBJhttp://bit.ly/2BTbZf9

Phoenix homeowners association accused of bias. A condominium association changes up “its rules to prohibit kids under age 16.” A condo owner files suit, “saying the new rule discriminated against tenants based on age and tied his hands in legally renting or selling the condo.” The story on how it all played out, at AZCentral. http://bit.ly/2LBFrWF

Why senior communities get to prohibit young people. The short answer: “A carve-out in the federal Fair Housing Act, which prohibits discrimination based on age and other things, allowed for 55-and-older retirement communities.” (Dare we say that it was “grandfathered” in?) AZCentral. http://bit.ly/2Pd826u 

Age of housing stock by state. New York has the OLDEST, with a “median age of 57 years,” while NEWER “housing stock is mostly concentrated in the Sun Belt states.” Check out the data, mapped and plotted out, in Eye On Housing. http://bit.ly/2NrRA20

Realtors® Chief Economist reflects on past recession, what’s ahead for housing. Although some regions have experienced sales declines in recent months, NAR Chief Economist Lawrence Yun says concerns about whether the housing market has peaked and is headed for another significant slowdown are unfounded. Read the full NAR news release in RLGRhttp://bit.ly/2wqb4g8

New home building arbitration rules provide for quicker resolutions. “The American Arbitration Association recently issued revisions to its Home Construction Arbitration Rules and Mediation Procedures, which became effective on August 1. The revisions are intended to expedite the alternative dispute resolution process.” NAHBNow. http://bit.ly/2wtC9yW

Brewers, Mortenson celebrate ‘topping out’ at Maryvale Baseball Park. The ‘final beam,” signed by reps of the Milwaukee “Brewers, City of Phoenix, Mortenson, and HKS,” was “lifted into place” yesterday, “on top of what will be the new home clubhouse of the Brewers.” AzBigMedia has coverage of the event, along with a brief history lesson on the “ancient Scandinavian” origins of the “Topping Out ceremony.” http://bit.ly/2ojcwwY

[OPINION] Amber Smith: With mining in Tucson’s blood, it’s time to move ahead with Rosemont. In this Arizona Daily Star piece, Tucson Metro Chamber CEO Amber Smith champions Rosemont Copper Co. “in its efforts to start production upon federal approval without additional delay.” http://bit.ly/2PLhq2r

Pollack: Senator John McCain. “He was an optimist, a proud American, and represented the State of Arizona with authenticity and fearlessness for decades.” The Monday Morning Quarterback. http://bit.ly/2LCByR0

[SLIDESHOW] McCain in Pinal over the years. PinalCentral presents a fifteen-image slideshow of The Maverick on his various visits to Pinal County throughout the years. http://bit.ly/2NnoYa2 

Cameron’s $5M + deals of the day – http://bit.ly/2wm0aIX


10th Annual AZ DealMakers – January 11, 2019. Don’t miss out on the BIGGEST homebuilding industry event for real estate forecasting and analysis, featuring the best speakers in the industry and a mixer with the finest in AZ Real Estate! Includes an Overview on Housing provided by Jim Belfiore, President of Belfiore Real Estate Consulting. For the full list of ten keynote speakers & panelists plus registration info for the event titled Arizona Housing: Growth, Its Costs, Challenges & Opportunities, tap on! http://bit.ly/2LAvclq 


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!


Record turnout of 1 million voters expected in today’s primary election; Bennett qualifies. Sec. of State spokesman Matt Roberts says the “projected turnout is not attributed to a ‘blue wave’ of Democratic support.” But as Cronkite News notes: “Still, people registering as Democrats outpaced Republicans in the latest counts.” (Editor’s note: Former Secretary of State Ken Bennett tweets he has raised enough $5 contributions to qualify for the primary ballot against Governor Doug Ducey.) http://bit.ly/2Nujk5Y

Mesa, Gilbert mayors side with APS in clean-energy suit. “Mesa Mayor John Giles and Gilbert Mayor Jenn Daniels both signed on as plaintiffs on the lawsuit that challenges the ballot initiative, although they won’t discuss their reasons.” East Valley Tribune. http://bit.ly/2Lycgn7

Judge rules clean energy measure to stay on ballot“In a 33-page ruling, Maricopa County Superior Court Judge Daniel Kiley rejected the contentions of the APS-funded group that backers of the Clean Energy for Healthy Arizona initiative had effectively tricked people into signing initiative petitions.” A Capitol Media Services/Howard Fischer report in Arizona Capitol Times. http://bit.ly/2wuuhgL

Federal judge upholds 2016 ban on ballot harvesting. “A federal judge [has] slapped down a bid by a Democrat activist to void a 2016 law that makes ‘ballot harvesting’ illegal and allow the practice to resume for [today’s] primary.” By Howard Fischer via Arizona Capitol Timeshttp://bit.ly/2MYtcba

McCain successor speculation mounts, amid partisan divide. Gov. Doug Ducey “is navigating a political minefield as he weighs whom to appoint to the late Sen. John McCain’s seat,” reports Fox News. Jason Rose of Rose + Moser + Allyn Public Relations tells Fox News: “It needs to be someone who can step into McCain’s very big shoes, and that won’t be easy.” See who Rose has in mind. —> http://bit.ly/2PLzg5y

A final message to all Americans: Rose Law Group Notable Quotable. Rick Davis, Sen. John McCain’s former presidential campaign manager and a family spokesman, read the following farewell statement from the senator at a news conference at the Arizona State Capitol in Phoenix on Monday. http://bit.ly/2LyHCKc

How the opioid crackdown is backfiring. “Hundreds of chronic pain patients responding to a POLITICO survey describe being refused opioid prescriptions they had relied on for years with sometimes devastating consequences.” (RELATED: “[OPINION] Knee-jerking on opioids at the expense of patients and doctors” — by Phil Riske in Rose Law Group Reporterhttp://bit.ly/2NrOjzD

We Arizonans aren’t working that hard. “To determine where Americans work the hardest, WalletHub compared the 50 states across 10 key indicators,” including “workweek hours” and “share of workers with multiple jobs.” For the Arizona findings, tap on! — you know, unless you consider doing so wayyy too much work. http://bit.ly/2LzZc0p

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