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The Dealmaker: 10/10/2018

Posted by   /  October 10, 2018  /  No Comments

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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

 

 

 

 

Congresswoman Martha McSally interviewed by CBS national news in Rose Law Group conference room! CBS Evening News anchor Jeff Glor sits down with U.S. Senate candidate Martha McSally. http://bit.ly/2yxH0jx

[VIDEO] Residents speak of woes at Downtown Phoenix high-rise apartment. “44 Monroe is a mixture of apartments and condos in the heart of downtown. Many tenants there, however, are upset about paying for downtown living, in a place they can’t make full use of.” A FOX 10 investigation. http://bit.ly/2QJnb0t

237-unit Noria now open in Chandler. It’s the very first luxury apartment community for Robson Multi-Family. Located in the east-central Chandler area, the newly opened Noria offers 11 floor plans and tons of amenities. Check ’em out at AZRE. http://bit.ly/2C8bRH5

Lakefront project pleases some, concerns others. “Residents are deliberating over conceptualized changes being unveiled for the Tempe Lakes community, clouding the air with a mix of excitement and trepidation.” So why all the fuss over plans to build “condominium/retail structures”? Find out in Wrangler Newshttp://bit.ly/2EcxjgK

Mandalay Homes introduces new modern architectural designs at Ridgeview. • 52 homesites • Three new floor plans • From 1,475 to 1,724 sq. ft. and then some • Within Mandalay’s newest solar and energy storage community in Prescott • Arizona Foothills Magazine. http://bit.ly/2CAMzCh

Pollack: Another great week economically. And the positive economic vibes are reverberating throughout Phoenix in a resale housing market that the Monday Morning Quarterback singles out as “solid.” Data ‘Snapshots’ include —> U.S.: Employment • Manufacturing • Vehicle Sales • Consumer Credit. AZ: Active Listings • Days on Market • Sales Prices. http://bit.ly/2C7oTEw

Las Vegas Planning Commission supports ban on short-term rentals.“[The ban] would grandfather in short-term rentals already permitted by the city. The decision followed more than an hour of public comment, with a majority of speakers opposing the ban.” Review-Journal. http://bit.ly/2QFyZ3z

2 big things young people would sacrifice to buy a home — and 1 they can’t live without. Short commute. Ample storage. Home office. Park. Pool. Garden. Gym. What’s in, what’s out for “amenity and community preferences” as far as millennials and Gen Z and Xers are concerned? PropertyShark conducted the survey. CNBC has the results. http://bit.ly/2C8g0L5

What I learned from 100 homeowners facing foreclosure in 2009. Daryl Fairweather introduces herself as Redfin’s newest chief economist with a look back at her efforts “to uncover the causes of the housing bubble and subsequent crash,” while working as “a researcher for the Federal Reserve Bank.” http://bit.ly/2PsFNBE

Is the housing market prepared for the next crisis? “Darrell Duffie and Amit Seru, both professors with Stanford’s Graduate School of Business spoke recently to Edmund L. Andrews for the institute’s Insights blog about their concerns with the current U.S. housing market.” DSNews. http://bit.ly/2Elc8ca

Lenders still not sold on Phoenix market growth. “ ‘No, no, no,’ was the recurring response from lenders on a ground-up speculative office deal [for Watermark Tempe]. It was a no on all three accounts: The Phoenix market, speculative office and ground-up development.” In the end, the developer was able to secure financing, but not before the lenders had to be taught a few lessons. GlobeSt. http://bit.ly/2NA71nV

Maricopa eyes ‘red flags’ in development plans. “Development Services Director Martin Scribner was talking to the [P&Z] last month after a presentation on development patterns. The report by planner Ryan Wozniak, ‘Maricopa: The Living Experiment,’ red-flagged problems in land-use productivity and heavy reliance on vehicles.” InMaricopa. http://bit.ly/2RGk0b6

Environment is big winner in U.S.–Mexico Colorado River agreement. “A new agreement signed between the U.S. and Mexico continues an important collaboration in managing the Colorado River, but also gives new hope for reviving stretches of the river that have run dry.” News Deeply. http://bit.ly/2QF6gMg 

Eighth Annual Bentley Scottsdale Polo Championships almost here! November 10th through 11th – http://bit.ly/2OgUoDK


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 Meritage Homes Chairman & CEO Steven J. Hilton and Christopher Todd Communities CEO Todd Wood. Plus, Belfiore Real Estate Consulting President & Founder 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 

 

 

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


Research: Tucson ‘greenist’ city in Ariz.; Scottsdale greener than Phoenix. WalletHub compared the 100 largest cities across 26 key ‘green’ indicators.” And with findings for Gilbert and Mesa also included, it’s a  study that could have easily been named after that 1941 Academy Award-winning film for Best Picture: How Green Was My Valley. —> http://bit.ly/2PsyWIa

Clean Energy campaign to spend “millions” against Brnovich. “As the election season heads into the home stretch, the campaign for a ballot measure that would mandate a dramatic increase in renewable energy use has largely shifted its focus from Proposition 127 to defeating Attorney General Mark Brnovich.” Arizona Mirror. http://bit.ly/2pNZA3b

Explaining the latest with the FBI probe into college basketball, including UofA. “[N]ew details about how players were allegedly steered, with payments in the tens of thousands of dollars,” to college basketball programs. CBS Sports takes a look at “what’s at stake” for hoops programs at eight universities in the “aftermath” of yesterday’s “shakeup.” http://bit.ly/2C5B0Sy

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