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The Dealmaker: 10/9/2018

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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



McSally, Chao, Brewer attend women leadership event hosted by Rose Law Group. U.S. Rep. Martha McSally was joined by U.S. Transportation Secretary Elaine Chao for a ‘Women in Leadership’ roundtable at Rose Law Group yesterday. RLG sends out a big THANK YOU to them, as well as to Governor Jan Brewer and all of the other ARIZONA businesswomen who attended. CNN, KTAR, and Channel 12 covered the roundtable, as did CBS Evening News with anchor Jeff Glor who interviewed U.S. Senate candidate Martha McSally in the RLG conference room for his national broadcast. Photos and videos of the event in Rose Law Group Reporterhttp://bit.ly/2CwgHit

Toll Brothers to invest millions to build 499 apartment units in Phoenix. “$62 million to build 243 units at the northwest corner of Fifth Avenue and Van Buren [and] $70 million to develop a 256-unit luxury apartment complex at Central Avenue and Thomas…” Todd Bowden, regional director of development and acquisitions for Toll Brothers Apartment Living, discusses both projects in PBJ.(Subscriber Content) http://bit.ly/2PsEhiZ

Most expensive homes for sale in Arizona. Double gates, disappearing walls of glass, and a serenity room are some of the standout home features in this latest installment of Arizona Foothills Magazine’s “top ten homes FOR SALE in Arizona.” http://bit.ly/2PqpHse

Report: Average U.S. rent dropped in September. “The $1,412 national average for the month represented a $1 drop from August and a 3.1% year-to-date increase…” How the Phoenix market fared, plus access to the full Yardi Matrix Multifamily National Report for September 2018, at AZRE. http://bit.ly/2Ojp1bG

Why this developer is focusing on the Salt River Pima-Maricopa reservation. The Edge. No, not U2’s lead-guitar slinger, but one of two mixed-use projects from Palmer Development Group (PDG) located within the Salt River Pima-Maricopa Indian Community east of Scottsdale. In Phoenix Business Journal, PDG’s Daniel Lupien talks about both projects (the other being the Block) and their “well-positioned locations.” http://bit.ly/2Pk36ND

Sahuarita: A young person’s playground? “Sahuarita was incorporated as a town in 1994 with about 2,000 residents. Twenty-four years later, it boasts 30,000 residents, making it one of the largest communities southeast of Tucson.” Arizona Sonora News via ADI. http://bit.ly/2NuFAvH

Wealth in America: Where are the richest and poorest states based on household income? 24/7 Wall Street ranked all 50 states according to the newly-released median household income figures from the U.S. Census Bureau’s 2017 American Community Survey.” USA Today has the findings. http://bit.ly/2pJmDfi

[OPINION] A Lake Mead water shortage could affect metro Phoenix more than we think. “Phoenix-area cities will experience more pain than we thought under the drought contingency plan, even in a low-level shortage.” That’s the view expressed by Joanna Allhands in AZCentralhttp://bit.ly/2ymlRZy

Cotton growers vs. urban farmers: Bitter partisan fight threatens farm bill. “Texas Republican Mike Conaway, the House Agriculture chairman, wants more money for Southern cotton growers. Michigan Democrat Debbie Stabenow, Senate Agriculture’s ranking member, is pushing funds for urban farming and renewable energy.” POLITICO. http://bit.ly/2ybnie5

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!

What PACs are giving to what legislative candidates? “Jerod MacDonald-Evoy takes a look at which candidates for the Arizona House of Representatives are raking in PAC money, and which PACs are writing the checks.” Arizona Mirrorhttp://bit.ly/2y9Dblu

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