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The Dealmaker: 8/6/2018

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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





See who attended Phoenix Business Journal’s 40 Under 40 awards dinner. “Forty of the Valley’s most promising ‘rock star’ executives were honored Aug. 2 at the Phoenix Business Journal’s 40 Under 40 awards dinner” — and so was Rose Law Group founder and president Jordan Rose. Jordan and three other executives were there to be honored as the very first “inductees into the newly-established 40 Under 40 Hall of Fame.” http://bit.ly/2OjzQWL

[EDITORIAL] Pinal road tax. (Disclosure: Rose Law Group represents a coalition of property and business owners throughout Pinal County working to bring new transportation infrastructure to the county.) PinalCentral weighs in on last week’s Arizona Tax Court ruling that struck down the voter-approved sales tax for Pinal County roadways. http://bit.ly/2Ms9Ojz

Phoenix-area home prices surpass 2006 peak to set record; ‘set to rise at pace not seen in years,’ says Jim Belfiore, president of Belfiore Real Estate Consulting. Real estate newsie Catherine Reagor reports on the Valley’s record-setting median home price, which “soared past the previous record to reach $268,000 in June.” Jim Belfiore: “Home prices are set to rise at the fastest pace in 5 years, fueled by absurdly low supply.” Read Jim’s entire comment and access the AZCentral report, here: http://bit.ly/2MoEbY7

Casa Grande P&Z approves houses. P&Z approved plans from Joseph Carl Homes for a “variety of homes” in the Ghost Hollow subdivision, while K. Hovnanian Homes received approval to begin building MORE homes in the Villago subdivision. Pinal Central has more info on these new homes, plus a bit of UPBEAT news regarding approved homebuilding permits for the area. http://bit.ly/2M5z0zo

Peoria touts premier development sites. “This is the first in a [Peoria Times] series outlining what Peoria Economic Development Department calls the city’s premier development sites.” Topping the list of “prime locations for new commercial and retail development”: Stadium Point. http://bit.ly/2OOWhnx

Bourn closing on master plan site at the Bridges; starts GEICO building.“This 112-acre Bourn development [in Tucson] will comprise a new [GEICO] corporate employment center, a variety of multifamily residential units and a new community park.” Further deal and development details in RED News. http://bit.ly/2Mourgk

A new Tucson apartment complex to promote healthy living, kindness. • The Place at Riverwalk • 210 units • River & Crayfroft • Smoke free • Wellness programs • Bikes for tenants • Featuring “a mural to encourage kindness” • Rendering and amenity info at Arizona Daily Starhttp://bit.ly/2LZhYDu

Business strategy lessons from the building industry’s sages and survivors. TrueNorth Development president Scott Sedam gave a presentation recently called “12 Things I Wish I Knew About Home Building Before I Turned 40.” In Professional Builder, Sedam shares feedback he received from successful “sages and survivors” who, apparently, “learned a lot during their later years that they wished they’d known earlier.” http://bit.ly/2Mo7slB

Would your neighborhood score an ‘A’ or ‘F’? ATTOM Data Solutions examined “more than 10,000 neighborhood housing markets” in order to pinpoint the best communities for “buyers and investors.” REALTORMag has study highlights, including heat-map results for Arizona, from Green Valley to Lake Havasu City, and other neighborhoods in between. http://bit.ly/2Oj7o7j

Arizona economy: Big gains expected in employment, population. AZCentral reports that “job growth is expected to outpace the nation over the next several years” and the “state’s population also is expected to grow by 1 million residents over the same time period.” But will job gains surpass those experienced during the 90s? http://bit.ly/2vmCSCs

Kiss the sky? “Phoenix has never been a high-rise haven, with only one true skyscraper. But with lots of projects on the horizon [14 by next summer], is our skyline moving on up?” PHOENIX magazine takes a look. http://bit.ly/2vq0oOK

Political website draws builder lawsuitThe Fountain Hills Times reports that Bart Shea, “builder of the Park Place development” is suing the “originators” of the website “realyates.” The lawsuit claims statements were made on the website that “Shea had conspired with [Cecil] Yates as a member of Town Council to avoid paying development fees in connection with the Park Place project.” http://bit.ly/2nhZBLy

Earnhardt Kia to come to Mesa. “Earnhardt Arizona Properties has submitted a site plan review to the City of Mesa to build a Kia dealership in the Superstition Springs Auto Park. The new Earnhardt Kia will be built on 4.6 acres in the auto park and will include two buildings…” More on the project at AZBEX. http://bit.ly/2vplc9b

Imagine Buckeye 2040 general plan presented at Rotary meeting.“Though over 20 years removed from that milestone, Buckeye officials are studying the city’s future through the 2018 general plan of the same name. City planners and staff were present at the Rotary Club of Verrado’s July 24 meeting, which featured a presentation summarizing the plan.” And West Valley View was there.—> http://bit.ly/2OhIxk9

Danielle Casey leaving Scottsdale to take new job in Sacramento. AZ Business Magazine reports that “Danielle Casey, the economic development director for the City of Scottsdale, has accepted the position of executive vice president for the Greater Sacramento Economic Council.” http://bit.ly/2vJWbVH

Throng of well-wishers makes it official for newly elected members of Tempe City Council. “Current Vice Mayor Robin Arredondo-Savage and Council member Lauren Kuby joined Council member elect Jennifer Adams for the observance.” Tap to Wrangler News for a brief recap of the swearing-in ceremony. http://bit.ly/2voJ3pA

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 



Presented by 


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

[OPINION] Ghosts of yesteryear need return to Congress. A year has passed since Sen. John McCain gave a fiery speech to colleagues, imploring them to drop acrimony and work together. Today, not much has changed. And that has Senior Reporter/Writer Phil Riske pining for the “days when statesmanship, not fruitless partisanship, existed.” In Rose Law Group Reporterhttp://bit.ly/2OJ2nWu

Weeding out the largest donors in Glendale City Council races. In response to an interview request for this story, Rose Law Group land-use attorney Thomas F. Galvin has issued a statement on behalf of the owners of the medical marijuana dispensary, Organix. As AZCentral reports, the “owners said in the statement they are thinking long-term about the company’s place in Glendale, and they hope to be a part of the city’s continued growth.” (RELATED: “Could firefighter union money decide who controls one Arizona city?”) http://bit.ly/2M86FIo

Steller column: As utility works to dominate Arizona politics, credibility erodes. “APS’s unabashed efforts at dominating Arizona politics in the years since the 2010 Citizens United decision have had a paradoxical effect. By getting more involved in political campaigns, uniquely among utilities, the state’s biggest utility has eroded its credibility.” By Tim Steller in Arizona Daily Star. http://bit.ly/2KwqKDF

“Hypnotic mass phenomena.” “Peter Thiel is one of Silicon Valley’s bigger-than-life characters. Now he is leaving the epicenter of the tech industry. A conversation on human herd behavior, successful investment, Donald Trump’s genius, homosexuality and death.” Weltwoche Online. http://bit.ly/2OOZhQP

Survey finds Arizona not all that healthy. “To determine where Americans receive the best and worst health care, WalletHub compared the 50 states and the District of Columbia across 40 measures of cost, accessibility and outcome.”http://bit.ly/2vmuxi9


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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