Customers to get refund for paying Johnson Utilities’ income taxes; ‘ACC got it right,’ says Rose Law Group Senior Partner Court Rich. “San Tan Valley residents will receive a refund from Johnson Utilities for the money that was being recovered from ratepayers to pay the company’s income tax.” — PinalCentral• Court Rich: “This is the welcome end to at least one Johnson Utilities saga…” Read the rest of Court’s comment and access the PinalCentral report here: http://bit.ly/2MyZKEm
Housing report: Numbers show steady gains in metropolitanmarketplace. A data-filled market report from Scottsdale Independent, featuring local insight focusing on Phoenix, Scottsdale and Paradise Valley. Here’s the upbeat keynote that kicks it off: “Phoenix metropolitan housing market is on even footing and economic indicators suggest good times are here to stay…” Read on! http://bit.ly/2Op5Okv
Competition sparks re-imagination of the Salt River and John McCain’s vision. “The Phoenix-metro chapter of the American Institute of Architects has partnered with Arizona State University and the late Sen. John McCain’s office to create a competition for redevelopment of the Salt River. The competition is part of the “Rio Reimagined” project, a vision based on McCain’s idea to redevelop the banks and riverbed of the Salt River as an untapped economic resource.” AZCentral. http://bit.ly/2Nc3ykm
Gilbert likely to lose $4.4 million in sale of land it bought without a formal appraisal. “Not long after the [2009, well-over-market-value] purchase, town leaders were blasted for buying the land from dairy farmer Bernard Zinke without getting a certified appraisal.” Now it looks like Gilbert’s loss will be Desert Vista’s gain, as the town has already given the homebuilder a green light to purchase 58 acres, and “[n]ext week the council will consider another bid from Desert Vista for 80 acres.” AZCentral. http://bit.ly/2p9b1SI
Four historic buildings in Evans Churchill proposed for demolition. True North Holdings owns the buildings, which are “located between two parcels on North First Street.” Downtown Devil reports that “the land is expected to be used for the developer’s future projects on Second Street.” So far, knock-down plans are proceeding without a hitch. No official objections have been lodged to bulldozing these buildings that have been deemed “a hazard to the community.” http://bit.ly/2D9oDHB
Most expensive home sales in Phoenix. That wild and wacky week-ending favorite from Arizona Foothills Magazine is back! Only this week’s installment isn’t so wild, nor is it that wacky. Oh, sure, there’s a house in Lafayette Villa featuring a “sparkling pool” that’s nowhere to be found in the photo. But besides that, all other home features mentioned in the slideshow captions are fairly conspicuous. As for sales, 9.3.18- 9.9.18, they totaled “over $21 million,” FALLING OFF like the weekly take-home pay of Les Moonves, some $5 mil from the previous week. http://bit.ly/2NIGkl3
Maximizing value on multifamily’s lower floors. What’s a multifamily developer to do when “the lowest floors of a building aren’t bringing in the revenue they used to”? Forbes examines this “podium problem,” and the “creative ways multifamily developers can reimagine the first few floors of multifamily assets to improve their renters’ experience and increase revenue.” http://bit.ly/2peDmap
SkySong project in Scottsdale adds more tenants, plans further expansion. “Occupancy continues to grow at SkySong, the Arizona State University Scottsdale Innovation Center, as developers plan the sixth phase of the office complex.” Phoenix Business Journal. http://bit.ly/2Nf7fW8
Windmill Winery expansion to occur in phases. (Disclosure: Rose Law Group represents Windmill Winery.) “The Windmill Winery’s expansion to the south side of Butte Avenue is still in the works, but will happen more slowly than previously announced last year.” See what Windmill owner Harold Christ says are “the main reasons for the stall,” in Flo Reminder. http://bit.ly/2Nb3GjU
Driverless cars will dramatically change where and how we live. And “too many small and large municipalities are not planning for the budgetary or zoning problems that will come with the widespread adoption of AVs.” In this Forbes report, one East Coast CEO puts it this way: “It could affect home prices and land development patterns in cities that aren’t prepared for any of that.” http://bit.ly/2p9sBWM
Queen Creek USD breaks ground on new elementary school in Mesa. “The new school, which is not yet named, is in the Cadence at Gateway community…” Rendering along with design details for “QCUSD elementary School No. 7,” plus pics of folks having a great time at the groundbreaking ceremony, in QC Independent. http://bit.ly/2OjKPj5
Grijalva, Bishop craft surprise deal to save fund for public lands. “The House Natural Resources approved two bipartisan bills Thursday, to save the Land and Water Conservation Fund and to fund national park repairs, what Rep. Ruben Gallego, D-Phoenix, called ‘one of our best bipartisan efforts so far.’ ” Cronkite News. http://bit.ly/2Ndi1MB
Litchfield Park officials take part in League’s conference. “Among those in attendance were Litchfield Park Mayor Tom Schoaf, Vice Mayor Paul Faith, Councilwoman Ann Donahue and City Manager Bill Stephens.” Conference highlights in West Valley View. http://bit.ly/2NekYga
Cameron’s $5M + deals of the day – http://bit.ly/2Omf5Ki
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! http://bit.ly/2LAvclq
