The Dealmaker: 9/6/2018

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




ACC to consider stripping Johnson Utilities of its monopoly. “Arizona Corporation Commission staff has filed a recommendation that a hearing be held to consider revoking Johnson Utilities’ certificates of convenience and necessity.” What a revocation could mean, not only for Johnson and its customers, but also for area development — in San Tan Valley Sentinel.

Nationwide pays $83 million for Scottsdale land, plans regional headquarters. “Nationwide Mutual Insurance Co. was the top bidder at a Wednesday auction for 134 acres on the [NW] corner of Hayden Road and the Loop 101.” The property is “part of a bigger 1,000-acre state land site” that was recently rezoned “to include offices, hotels and homes.” AZCentral.

Dozens of new energy-efficient homes to hit market in Gold Canyon. • 37 homes • In the Peralta community • A David Weekley Homes development • A bit more info in San Tan Valley Sentinel in what is perhaps the briefest new-homes report EVER.

2018’s best real estate markets. WalletHub compared 300 cities of varying sizes across 22 key indicators of housing-market attractiveness and economic strength.” And GILBERT once again rises above the pack of Arizona cities and towns!

COFFEE HOUSE PRICES – Starbucks found to increase home values. “And not by an insignificant amount… That’s the finding of a Harvard study of what happens… when a Starbucks moves into the neighborhood.” Direct cause and effect? Or is it because “more affluent” coffee drinkers have “moved into the area”? Whatever the case, perhaps Starbucks should update its mission statement by incorporating the following underlined portion: “To inspire and nurture the human spirit and increase home values — one person, one cup and one neighborhood at a time.” Via Builder.

NAHB study on multifamily regulatory burdens spurs Capitol Hill hearing. “The report acted as the catalyst for the House Financial Services Subcommittee on Housing and Insurance to put a spotlight on the issue and hold a hearing [yesterday] on regulatory burdens on multifamily housing development.”The “headwinds” multifamily developers are facing and what policymakers can do to “help ease regulatory burdens and improve housing affordability,” in NAHBNow

Top towns for an ‘affordable’ retirement. One southern Arizona town flirts with the No. 1 spot in a® analysis titled, “Early Bird Specials! America’s 10 Most — and Least — Expensive Retirement Towns.” Find out where in REALTORMag.  

Hotel major element of Copper Sky commercial plans. “Maricopa could have a hotel in place by 2020 if a newly signed agreement with Commercial Properties Inc. goes according to plan.” It’s the kind of project that Maricopa Economic Development Director Denyse Airheart says has the “potential to be a destination.” InMaricopa.

MORE MAYO – Mayo Clinic doubling size with $648M expansion. “The Arizona Forward Project will add 1.4 million square feet of building space (to the existing 1.7 million) with expanded clinical capacity, support services andinfrastructure at the campus located near Loop 101 and 56th Street…” Expansion highlights and rendering in AZ Business Magazine.

Scottsdale hosts a special party in October to ‘Celebrate ’68.’ “That’s the year Scottsdale’s City Hall and Civic Center Library opened on a brambly landscape that would grow to become the Civic Center Mall. To commemorate the 50th anniversary of these iconic landmarks, Scottsdale is throwing a party — a modern day take on the original community celebration held when the buildings opened in 1968.” Scottsdale Independent.

Study: Tempe is the top spot in Arizona to launch a career. Zippia, a job-search website, pulled together the ranking with Census data in four major areas: • Population • Unemployment • Percent of the population that are millennials • Cost of living.” AZCentral. 

Florence partners with Subex to cyber-secure infrastructure. “As part of this partnership, Subex will provide end-to-end cybersecurity to detect, repel and remediate advanced threats to Florence’s most basic and vital technological systems.” AZ Business Magazine.

Wilson Gee owns Club West Golf Course again. “Wilson Gee on Tuesday regained ownership when an Ahwatukee man’s last effort to keep the site expired with a terse order from U.S. Bankruptcy Court.” Ahwatukee Foothills News.

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! 



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

Grant Woods talking to Dems about possible Senate run. “John McCain’s former chief of staff said Wednesday that he is considering running for the Senate as a Democrat as he grapples with President Trump’s policies and the late Arizona senator’s death.” The Washington Post reports that our former attorney general has already spoken to Dem senators Chuck Schumer, Heidi Heitkamp, and Tom Udall about the idea.

Need a reminder why every vote counts? Ask these 2 Arizona candidates who lost by 11 votes. Or perhaps its every 11 votes that count? AZCentral reports that Tolleson council candidate Adolfo Gámez came up 11 votes short, as did Surprise council hopeful Gisele Norberg. “Not enough to trigger an automatic recount, but enough to make conceding the loss tough to swallow.”

Maricopa County investigating voting issues during primary election. “The Maricopa County Board of Supervisors voted Wednesday to move forward with an outside review of the processes done by the recorder’s office for planning and executing the primary election day activities.” The move comes after “more than 60 polling places” failed to “open on time” on election day. KTAR.

Pay raise puts slight dent in Arizona teacher shortage. “Nearly one in four teaching vacancies that school districts had this year remain unfilled four weeks into the academic year.” That’s the key finding from a new report by the Arizona School Personnel Administrators Association. More findings in this Cap Media Services/Howard Fischer report in Arizona Capitol Times

Two Arizona counties among 50 with highest unemployment. “24/7 Wall Street reviewed May 2018 unemployment rates from the Bureau of Labor Statistics to identify the 50 counties with the highest unemployment.” The findings in USA Today

GRIC opposes request to force CAP power purchase. “The Gila River Indian Community is asking a federal judge to dismiss the Hopi tribe’s request to compel a state agency to continue buying power from the Navajo.” PinalCentral.


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