The Dealmaker: 9/13/2018

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





Florence targets Johnson’s certificate to operate on south side; Court Rich, Rose Law Group senior partner, comments. “The town is seeking to revoke developer and utility company owner George Johnson’s legal right to provide water and sewer services to a housing development he proposed south of downtown Florence several years ago.” Court Rich says the JU “debacle continues to spin off consequences for developers and landowners.” Court’s full comment along with the Flo Reminder report, here: 

Green joins Rose Law Group real estate division. Aaron Green, an experienced litigator and transactional attorney, has joined the Scottsdale based Rose Law Group as part of the real estate transactions departments. Rose Law Group Founder and President Jordan Rose: “Aaron has a tremendous amount of litigation experience in real estate cases, and he will be a huge asset as we continue to provide a high level of service resolving our client’s disputes.” More on Aaron Green in Scottsdale Independent. 

Redfin: Looks like the exodus is coming, destination Phoenix. Real estate consultant Jim Belfiore knows why. The Valley of the Sun tops Redfin’s list of metros “most likely to receive big inflows of new residents in the coming year from expensive coastal markets.” Jim Belfiore nails it:  “High taxes are likely playing some role in the movement of people from California into the Phoenix-area, but what is likely playing an even larger role is the growing number of jobs being created…” More here:

Homebuilders picking up pace in Casa Grande. “Almost every major planned and plotted subdivision is experiencing some building.” Bring it! says Casa Grande Mayor Craig McFarland: “We have the land, we have the infrastructure, we have the lots that are ready to be built on. Let’s build on!” Who’s building what and where? Find out in Casa Grande Dispatch

Kurt Warner’s Treasure House vision comes to fruition. “Treasure House began as the vision of Kurt and Brenda Warner out of love for their son Zachary — who was unable to receive the kind of care that would enable him to live a more fulfilling and independent life with the resources available to him in Arizona… Now, Treasure House is welcoming its first cohort of six residents to the unique nonprofit apartment community in Glendale.” AZ Business Magazine.

Millennials are marrying later, but that’s not exactly bad for homebuilders, Toll Brothers CEO says. “Toll Brothers CEO Douglas C. Yearley, Jr. sits down with CNBC’s Jim Cramer for an exclusive interview. The CEO shares his take on trends in the U.S. housing market with the ‘Mad Money’ host, including an interesting trend with millennial buyers.”

Minority neighborhoods see biggest gains in home equity. “However, even though minority neighborhoods had larger percentage gains in home equity from 2012 to 2018, the increase still hasn’t been enough to catch up with predominantly white neighborhoods.” Tap on to REALTORMag for the main findings from this Redfin study.

Here are 14 of the coolest offices in the Valley. “These are the places people, employees and visitors alike, talk about.” AzBigMedia’s assortment of cool offices comes complete with images, architect info, and other “awesome” details. BTW, it wasn’t too long ago that one familiar Scottsdale-based law firm made this list. C’mon, you know who we’re talkin’ about! Check out the handful of pics — including one boasting a redesigned conference room — and see why Rose Law Group continues to be an awesomely “cool” office.

Mesa becomes home to Arizona’s 1st Delta Hotels by Marriott. “A multi-million dollar, full-scale renovation is complete on the Marriott Phoenix Mesa, located in Downtown Mesa… The property will officially rebrand and become Delta Hotels by Marriott Phoenix Mesa on October 3.” Experience AZ has the renovation rundown.

Construction material prices fall in August. “Prices for inputs to construction fell 0.5 percent in August.” A signal that the “cycle of rapidly rising prices is nearing an end”? Not so fast, says ABC Chief Economist Anirban Basu — in AZRE.

Florence votes to save historic Cuen House; has past ties to Rose Law Group founder and president Jordan Rose. “Town Council voted unanimously Sept. 4 to look into the costs of saving the little adobe and adding it to the town’s list of capital improvement projects,” Flo Reminder reports. Jordan Rose: “This structure was my first case in Pinal County — to expand the then Qwest switching facility over 20 years ago. Great save, Florence! Congratulations!”

Sun City plaintiffs gain partial lawsuit victory. While the ruling means that “Recreation Centers of Sun City is subject to the Arizona Planned Communities Act, ARS 33-1801,” the court also said that the “plaintiffs did not satisfy all requirements of a class action lawsuit, and that portion of the suit can be revisited.” And THAT has left RCSC operations in a state of uncertainty. YourValley. 

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, including Rose Law Group founder and president Jordan Rose and Lennar division president Alan Jones. Plus, Belfiore Real Estate Consulting president Jim Belfiore provides an Overview on Housing. For the full list of speakers & panelists, along with registration info for Arizona Housing: Growth, Its Costs, Challenges & Opportunities, tap on! 



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

9th Circuit upholds ‘ballot harvesting’ ban. “Calling the lack of evidence of fraud irrelevant, a divided federal appeals court on Wednesday upheld Arizona’s ban on ‘ballot harvesting.’ ” In a 2-1 ruling, the majority wrote: “A state need not show specific local evidence of fraud in order to justify preventive measures.” A Capitol Media Services/Howard Fischer report.

Would Trump rally help or hurt Ducey’s re-election bid? “Recent poll numbers put incumbent Doug Ducey ahead in the race for governor but suggest less-favorable opinions of fellow Republican Donald Trump, raising the question of whether the president’s anticipated visit to the Valley will help or hurt the governor’s re-election bid.” AZCentral.

Polls identify no leader in U.S. Senate race. Actually, all three polls showed a leader — Democrat Kyrsten Sinema was ahead in two while Republican Martha McSally topped one. But here’s the rub, as Howard Fischer is quick to point out in his Arizona Cap Times report: “In all cases… the spread is within the margin of error.” (RELATED via KTAR: “Maricopa County elections chief: No guarantees November will go smoothly” • “Judge asks why Arizona voting lawsuit was filed so close to election.”)

Arrest warrant issued for speeding Arizona lawmaker Paul Mosley. AZCentral is reporting that “a warrant has been issued for Mosley’s arrest after he didn’t show up to a court appearance on a charge of excessive speeding.” However, no word yet if Rep. Mosley bragged about it.


The Land Agency brokers 113 finished lots within Encantada Estates in Buckeye, Arizona  Read more

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

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September 2018