Rose Law Group looking for… A corporate, transactional, tax attorney with four or more years of experience and some knowledge of securities transactions are necessary to join our high energy group. Attention to detail, brilliance, dedication to immediate client service, and focus are musts. Please send resumes to Hopi Slaughter at hslaughter@roselawgroup.com.
Proposed Opportunity Zone guidance: Can investors move forward? The first round of such guidance was issued last Friday in the form of proposed regulations, a Revenue Ruling, and sample IRS form. Now, the looming question is whether the proposed regulations offer enough guidance for Opportunity Funds to take off. By Dan Gauthier, Rose Law Group transactional attorney handling many Opportunity Zones; and Jordan Rose, founder and president of Rose Law Group. http://bit.ly/2O5JBqE
Apartments, offices and a Fry’s: What’s coming to downtown Phoenix. “About 5.5 million square feet of office, housing, retail and hotels is under construction,” reports AZCentral real estate columnist Catherine Reagor, who highlights the projects going up in a downtown “development boom” that is the “biggest one for the area since the 1960s.” http://bit.ly/2D5eJ92
Downtown Phoenix’s rebirth has been decades in the making. Here’s how they did it. “The downtown Phoenix of today is nearly unrecognizable from the downtown of 30 years ago. And the evolution has required tremendous investment.” An even deeper dive into Phoenix’s downtown development, again in AZCentral. http://bit.ly/2JfLY9R
Toll Brothers invests $250M to build thousands of homes in the West Valley. The home builder “is grading 800 acres to pave the way for 2,200 homes in Surprise” within the “3,200-acre Prasada” MPC. Phoenix Business Journal has development details along with a SLIDESHOW “glimpse” of the new project, plus pics from another Toll Brothers’ project debuting in Queen Creek. (Subscriber Content) http://bit.ly/2qaGOTC
Glendale city manager says Glen Lakes Golf Course needs to go. “Instead of investing millions to bring it up to par, City Manager Kevin Phelps said the city should sell the land [“to a developer willing to build a new neighborhood on the space”?] and use money from the sale to renovate long-neglected city parks.” AZCentral. http://bit.ly/2PQjHJb
New home sales drop sharply; near 2 year lows. “New home sales managed to pull out a gain last time they were reported. The question was, with an improving inventory but rising interest rates, could they do it again? Analysts were pessimistic, but not quite pessimistic enough.” MND. http://bit.ly/2z4Ddur
The 5 most common home builder measurement fails. TrueNorth Development president Scott Sedam takes on “measurement failure,” a home builder condition he contends is the “source of many bad decisions” and, ultimately, “profit loss.” Sedam’s remedy? “How about today you pick a few calculations you hold dear and challenge them.” Pro Builder. http://bit.ly/2qaH4SA
Hot mic moment underscores Tusayan, Stilo development frustration. “At their worst, the recordings appeared to suggest the town’s elected officials and Stilo were breaking open meeting laws, disparaging a forest service supervisor and keeping certain information out of the public purview. At their best, the recordings publicly aired deep-seated town grievances, punctuated with what Stilo calls a ‘poor attempt at humor.’ ” Grand Canyon News. http://bit.ly/2yB4K7p
Camp Verde council could approve tiny houses on wheels, vintage RV park. The “agritourism use permit” would allow for “tiny houses on wheels, vintage recreational vehicles and agritourism events” in a “contained community” that includes frontage along the Verde River. CV Bugle. http://bit.ly/2PprT6k
Will garages become extinct? “[A]s autonomous vehicles are spread around and the popularity of car-share programs rise, housing analysts are already calling on the death of the garage in residential homes.” And “[s]ome builders are already testing that idea.” REALTORMag. http://bit.ly/2SiLgwA
Loop 202 extension brings employment opportunities to the West Valley. “The West Valley already is a hotbed for economic development with a qualified workforce and cheap land, and now the South Mountain Loop 202 freeway is poised to become a major commerce corridor to the area.” Kitchell and Trammel Crow are two companies with “projects already on the drawing board.” PBJ. http://bit.ly/2O5twSb
Tilt-up construction brings innovative edge to Great Wolf Lodge Arizona.“Mortenson is working with Suntec Concrete, Gensler, and the erection engineer to utilize this innovative construction method – in lieu of cast-in place construction – as it has been done on previous Great Wolf Lodge projects.” AzBigMedia. http://bit.ly/2AsjjeE
Residents oppose group home in Coolidge neighborhood. “Among the concerns residents presented at the Oct.10 meeting included the overall safety of the community, property values, and effects the facility could have on their home insurance.” But did the concerns sway P&Z? Coolidge Examiner. http://bit.ly/2JfNQiT
In a bid to fill office buildings, landlords offer kegs and nap rooms.“Hoping to lure new tenants in a sluggish market, commercial towers across the country are dangling amenities often associated with luxury apartment living, like pool tables, wine storage and golf simulators.” The New York Times. http://bit.ly/2q8KyVP
Litchfield Park city manager is up for any challenge. He’s “halfway done with his first year as Litchfield Park’s city manager.” He’s “an experienced city manager of four years elsewhere, retired U.S. Air Force colonel and senior federal civil servant. When it comes to city management, there’s almost nothing he can’t do.” He’s Bill Stephens. A West Valley View profile. http://bit.ly/2ELw6NG
5 historical facts you may not have known about Jerome. CV Bugle presents five little-known facts sourced from two books chronicling the town’s past: The Ghosts of Cleopatra Hill and They Came to Jerome. http://bit.ly/2ScranL
A new company helps people flee San Francisco’s ridiculous cost of living. “Leaving The Bay Area is a real estate brokerage that helps people decamp for cheaper, greener pastures.” Reason. http://bit.ly/2qecLdH
Cameron’s $5M + deals of the day – http://bit.ly/2OSOn03
The Best Polo Event in the World is Coming to Scottsdale in Less Than Three Weeks – http://bit.ly/2Rf2MAD
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
