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The Dealmaker: 10/30/2018

Posted by   /  October 30, 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

 

 

 

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.

How cities and states can maximize investment in Opportunity Zones.Arizona has 168 Opportunity Zones, designated by Governor Ducey and certified in April. Private investors can work with municipal governments to get the most out of Opportunity Zone investments. 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/2OchV3G

Pulte Homes buys Peoria land from Toll Brothers. Pulte picked up “126 finished lots” from Toll Brothers within The Meadows MPC at the SWC of 95th Ave. & Pinnacle Peak. This PBJ paywall piece has the aerial and fills in some of the development details. http://bit.ly/2PA9ZOe

Home sales slump continues. New and existing home sales fell in September, and NAHB Chief Economist Robert Dietz looks at some of the factors involved, in this quick-hitting “housing industry overview” at NAHBNowhttp://bit.ly/2DdMrZV

Tucson construction: Geico regional office, apartments and a new STEM school. Permitting activity is heating up for The Bourn Companies and its plans “for a 200,000-square-foot office building to house Geico” at The Bridges in Tucson. And that’s not all Bourn has in the works. Plus, Arizona Daily Star has a rundown of other construction action around town. http://bit.ly/2EQ8IP2

Haunted Flagstaff: The top 10 spookiest buildings in town. “Flagstaff has been a spooky town from its early days,” and based on this scroll-show collection of the city’s “most haunted buildings,” it apparently still IS a pretty spooky place. Arizona Daily Sun dares you to check ‘em out. http://bit.ly/2RoiwRJ

New real estate startup is buying homes for consumers. “Worried you can’t get a mortgage in time? Ribbon will buy the home you want.” As HousingWiredescribes it: “Sellers get a guaranteed cash offer and buyers don’t have to worry about losing the house they want.” Tap on for details. (Via Builder). http://bit.ly/2AA6AXF

Rentonomics presents: A day in the life of a typical renter. “Ever wondered how a typical renter spends their day?” Rentonomics has. The ApartmentList rent data blog has constructed a “typical” day in the life of not only a renter but also a homeowner. Tons of data in this study. Access it via Multifamily Executivehttp://bit.ly/2PzrSNa

Pollack: A tale of two economies. “On the surface, it was a best of times, worst of times type week.” So begins this detailed Dickensian-themed edition of The Monday Morning Quarterback. However, one week’s worth of data does not hard times make, and least not economically speaking. In the long-term, MMQ has great expectations. ‘Snapshots’ include —> U.S.: • GDP • Consumer Sentiment • Mortgage Rates • Pending & New Home Sales. AZ: • Taxable Sales • CRE. http://bit.ly/2qjzrJV

Gateway Airport control tower plans finally taking off. “Thanks to the U.S. Senate passing the [FAA] reauthorization bill, the airport will be allowed to spend around $20 million on a new control tower after years of not being able to build it because of an old, bureaucratic rule.” EVT. http://bit.ly/2Q7fgtV

Israel: A land of new Arizona tech sector opportunities. (Disclosure: Rose Law Group represents Airobotics Ltd.)  Arizona Technology Council President/CEO Steve Zylstra was among a “delegation of Arizona technology leaders” that “traveled to Israel recently” in an effort to “strengthen the growing business ties…” One of their stops included a visit to industrial drone company “Airobotics, which has chosen Scottsdale as the site of its U.S. headquarters.” PBJ (Subscriber Content) http://bit.ly/2P1f7vk

“Green roofs” become “cool roofs” as Denver council repeals, revises voter-approved law. “The original law would have required rooftop vegetation for large buildings, but the council decided to give developers more options for achieving environmental goals.” The Denver Post. http://bit.ly/2qkUpbc

Cameron’s $5M + deals of the day – http://bit.ly/2OZHBWA 

Scottsdale Polo Party In Less Than Two Weeks – http://bit.ly/2PvJyJM


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!


Phoenix Jewish community focuses on safety, solidarity after Pittsburgh massacre. In the wake of Saturday’s mass shooting at a Pittsburgh synagogue that left 11 people dead, members of the Phoenix Jewish community respond to the tragedy and discuss measures that are being taken to protect the local community and congregation members. Cronkite News. http://bit.ly/2zcQe5p

Defamation lawsuit filed over Prop. 127; potential fines for towns also on table. “A proposition aimed at mandating more renewable energy in Arizona has featured a bruising fight that now includes a defamation lawsuit and six cities and towns potentially facing fines for their opposition.” PBJ. http://bit.ly/2CUeT1M

Ducey put Reagan’s elections manual on hold after county recorders complained. “Gov. Doug Ducey withheld his approval from the elections procedures manual that Secretary of State Michele Reagan’s Office drafted for the 2018 election after county recorders identified a number of flaws and asked him not to allow it to go into effect.” Arizona Mirror. http://bit.ly/2qfFsHs

[IN-DEPTH] How to win Arizona. “A state that’s as tough on immigrants as its Republican senators are on President Trump. Can Kyrsten Sinema become the first Democrat to win statewide since Janet Napolitano quit?” POLITICO. http://bit.ly/2zcQotx

State Parks bulldozed archaeological sites for cabins, trails, ex-agency archaeologist says. “Arizona State Parks & Trails has dug up and bulldozed Native American and other archaeological sites without preserving artifacts in a rush to build visitor attractions and make money, a state archaeologist claims.” AZCentral. http://bit.ly/2Jr3LuE

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