The Dealmaker: 10/26/2018

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





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

When Rose Law Group became its own zoning attorney. It’s been said that the person who serves as his or her own attorney has a fool for a client. Don’t tell that to Rose Law Group! Every picture tells a story. Check ’em out!

Camelot Homes announces two new luxury communities. Heirloom at Morrison Ranch in Gilbert • The Villas at Seven Desert Mountain in Scottsdale • Both pre-selling in November • News-release rundown on each in Rose Law Group Reporter

Why Meritage is bullish on building affordable homes. “While the Scottsdale-based homebuilder will finish building its luxury home and move-up communities through the next couple of years, a stronger focus is being made on affordable housing.” And PBJ reports that “Toll Brothers also is getting into the affordable housing business.” (Subscriber Content)

Homebuilder buys 31 acres in hot area of Valley for latest project. “Taylor Morrison has been busy buying land throughout metro Phoenix,” including the 31-acre headline purchase of 137 platted lots for $4.9 million “within the Waddell Corridor in Surprise.” For more on this deal and other recent TM acquisition action around the area, tap to PBJ. (Subscriber Content)

Here’s why many young people today are not buying houses. “Younger people today are much less likely to own a house than their parents at their age.” CNBC asks “Why the delay?” Stanford Center on Longevity answers, with research on the factors behind “purchasing property later in life.”

As rents, housing costs increase, courts and agencies play catch up. “Phoenix doesn’t even rank in the Top 100 of highest eviction rates in metropolitan cities… Despite this, agencies that focus on helping those in crisis are seeing higher numbers and fewer funds.” Arizona Mirror. 

At last, a positive housing report! Uncork the bubbly! as NAR’s Pending Home Sales Index shows sales “rose slightly in a month which saw declining sales of existing homes and a fairly devastating report on sales of newly constructed ones.” MND delights in what is the “first positive pending home sales report in months.” —>

Most expensive home sales in Phoenix. Arizona Foothills Magazine top home sales (10.15.18- 10.21.18) totaled “over $23 million,” JUMPING $4 million from the previous week! The hard-to-spot home-highlight in this installment: The horses. Saddle up and trot on to see what we mean.

What’s next for ASU in downtown Phoenix? “A new dorm, lab space and a central cooling plant could be coming to downtown Phoenix as part of Arizona State University’s continued expansion.” AZCentral.

Report: Phoenix CRE market shows strong activity across all sectors. CBRE Senior Research Analyst Jessica Morin: “Robust employment and population growth, combined with high levels of business confidence, underpin the positive performance of all commercial real estate sectors so far this year.” The full rundown of CBRE’s Q3 MarketView at AZRE

Price takes Maricopa ‘back to the future’ at State of the City. The event, “themed ‘Back to the Future,’ ” starred Mayor Christian Price and City Manager Rick Horst who kicked things off by blasting in from the past via DeLorean. As for the “message behind the theme,” as Doc Brown himself once remarked: “Things have certainly changed around here. I remember when this was all farmland as far the eye could see.” Maricopa Monitor.

RIO NUEVO = HOTELES NUEVOS – Rio Nuevo gives green light to hotel boom in downtown Tucson. “The Rio Nuevo development district is moving ahead on five (yes five!) hotel projects that will add almost 600 additional rooms…” REDNews.

The future of energy systems has arrived. Hive looks at “tomorrow’s thoughtful zero-energy, zero emission designs,” and how they are already being “incorporated” as “central elements” in the “building design” of one high-rise project.

Frank Lloyd Wright’s unbuilt work comes to life in 3D imagery series.“Wright created 1,171 architectural works in his lifetime, and while 660 remain unbuilt, today Wright enthusiasts have an opportunity to see what might have been thanks to the computer-generated, 3D-images by Spanish architect David Romero.” AzBigMedia.

Construction jobs continue to climb. “The U.S has added 315,000 construction sector jobs over the past 12 months, a 4.5% increase compared to September 2017.” As for Arizona, we can boast one of the top three spots for states with the “highest annual growth”! NAHBNow.

Only Two Weeks Until Too Much Fun At The Scottsdale Polo Party –

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! 



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


Full #InvestInEd opinion released. “Arizona Supreme Court justices voted 5-2 to remove an education tax measure born out of May’s teacher walkout, #InvestInEd, from the November ballot.” Read the story and full opinion at AZCentral.

Arizona cancels water meeting amid difficult negotiations on Colorado River deal. “The state’s top water managers canceled a Thursday meeting of a group they call the Drought Contingency Plan Steering Committee, saying in a statement that they wanted to ‘give time for additional discussions and analysis related to the four essential elements involved in this process.’ ” AZCentral.

Maricopa County recorder says he’ll adopt new policy on early ballot signatures. County Recorder Adrian Fontes is giving “voters a chance to confirm their identities before” before his office “rejects their early ballots due to mismatched signatures.” Fontes’ decision comes 24 hours after telling The Mirror that “he liked the idea, but that his office lacked statutory authority to implement the policy.”

AG questions cities and towns about opposition to Prop 127. “Six Arizona counties and towns appear to have broken the law by adopting resolutions opposing a ballot measure to boost the use of renewable energy in the state, according to letters sent Thursday by the Attorney General’s Office.” Arizona Capitol Times.

Court gives tribe, environmentalists new chance to fight uranium mine.“The decision by a three-judge panel of the 9th U.S. Circuit Court of Appeals is a partial reversal of its own December decision that said the Canyon Mine, approved in 1988, was grandfathered in and could not now be challenged.” (RELATED, also from Cronkite News: “Likely closure of coal-fired power plant bringing dramatic change to Navajo Nation.”)

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