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The Dealmaker: 11/2/2018

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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





Insurer Nationwide reveals major plans for Scottsdale campus. AZCentral has fresh details on Nationwide’s plans for Cavasson, a 134-acre mixed-use development “focused around” the “on-your-side” insurer’s regional HQ at Hayden and Legacy Blvd. http://bit.ly/2F2jGkz

Maracay to open neighborhood in Eastmark. • 53 home sites • One- and two-story floor plans • 3- and 4-car garage options • Plus free BBQ lunch in celebration of tomorrow’s opening! • Full details on Maracay’s Electron at Eastmark • In Builder. http://bit.ly/2PDPTmn

2019 construction activity forecast. The 2019 Dodge Construction Outlookreport “predicts deceleration in total construction growth will continue, reflecting a mixed pattern by project type.” The full-blown Dodge D&A report available via Pro Builderhttp://bit.ly/2yLic8D

Correlation between birth rates, home values suggests ‘new phenomenon.’ “Changes in birth rate and home values were previously found to have a positive correlation.” However, new Zillow findings suggest a “surprising new phenomenon”: “Hotter housing markets have fewer babies — a trend that’s become more pronounced.” Via Pro Builder. http://bit.ly/2JAfHug

Most expensive home sales in Phoenix. Arizona Foothills Magazine top home sales (10.22.18 – 10.28.18) totaled “over $24 million,” SWELLING like a Honduran caravan, some one million from the previous week. Home features mentioned in this week’s SLIDESHOW include: Views of Pinnacle Peak (visible), a negative edge lap pool (visible) and a true chef’s kitchen (where is it?). http://bit.ly/2AJjnam 

Phoenix apartment market bumps its rent growth in Q3. The city’s “annual performance ranked third best among the nation’s largest markets and came in well ahead of the 4% average price increase Phoenix has seen throughout the current economic cycle,” per a report from real estate data website, RealPage. A closer look at the report and Phoenix’s “solid pace,” in AZREhttp://bit.ly/2QjCj4V

City of Hope, TGen will build cell therapy manufacturing facility in Phoenix. City of Hope and Translational Genomics Research Institute “have announced a letter of intent to develop a state-of-the-art cell therapy manufacturing facility” in the Phoenix area, AZ Business Magazine reports. Gov. Doug Ducey calls it a “significant investment [that] further enhances Arizona’s reputation as a hub for bioscience and health care innovation.” http://bit.ly/2AIA9WM

County approves change to allow solar farm near Casa Grande airport.“The site is owned by the State Land Trust, which would lease the land to Energy One LLC to build a photo-voltaic solar energy production facility. The entire project would encompass 438 acres.” Get a recap of Wednesday’s BOS approval action and view an aerial of the proposed location,  in CG Dispatch. http://bit.ly/2QaARBr

Initial plans show significant work to be done around Ritz-Carlton resort. “Several miles of roadway encompassing the in-the-works Ritz-Carlton project within the Town of Paradise Valley are being planned for reconstruction.” On Tuesday, “the municipality hosted an open house for residents to learn details and ask questions on design plans for Lincoln Drive, Indian Bend Road and Mockingbird Lane.” PV Independent. http://bit.ly/2qoYfjx

Country Club at DC Ranch to welcome Phase II. What “fresh” features will the “highly anticipated $8.5-million expansion” bring? How about a “new fitness center, group exercise rooms, a resort-style pool, a casual indoor dining room, a poolside kitchen,” and “an expanded ladies’ lounge” — just to name a half-dozen. More in Arizona Foothills Magazine. http://bit.ly/2yNsPrD

Florence was a hub on early cross-country routes. Flo Reminder looks at “Wagons and Trains, Buses and Planes,” a recent presentation on the “history of transportation in Florence” — a town that was a “major stop” on “transcontinental routes as cross-country travel by car became more feasible and popular 100 years ago.” http://bit.ly/2SCRGa9 

Cameron’s $5M + deals of the day – http://bit.ly/2SGx2pm 

One Week Away Until The Scottsdale Polo Party Gets To Play – http://bit.ly/2JAhcIG

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 



Presented by 


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

As opioid crisis deepens, the methadone business is booming. The industry “grew more in the past four years than it has in the past two decades,” with “a handful of states… licensing new methadone clinics in dozens of the nation’s hardest-hit communities.” But it’s a treatment that has its critics; however, negative views may be starting to change. HuffPost. http://bit.ly/2Qf8x0O

Governor’s Office immersed in drought talks, water policy do-over. “As he campaigns for a second, four-year term, [Gov. Doug] Ducey has committed to completing a drought-contingency plan to leave more water in the Colorado River in order to conserve water levels on Lake Mead.” Arizona Capitol Times. http://bit.ly/2DiChap

GOP campaigns asked Trump to steer clear of Nevada and Arizona.President Trump will “pay two visits to Florida, Missouri and Indiana, all home of key Senate races, in addition to stops in Montana, West Virginia and Tennessee. (He also visits Ohio and Georgia.).” But Arizona and Nevada are “noticeably absent from his itinerary.” CNN has the “Here’s why.” http://bit.ly/2OmR2dd

Prop. 306 may not scrap disputed Clean Elections rules. “The controversial Clean Elections rules that led Republican lawmakers to attempt to curb the agency’s authority through Proposition 306 may be here to stay, even if voters approve the measure.” Arizona Mirror. http://bit.ly/2OkZutN

BAD INFLUENCE – Arizona nearly last in clout for the midterm elections.WalletHub presents “2018’s States with the Most and Least Powerful Voters for the Midterms.” How did WalletHub do it? Lots of calculations and comparisons involving “the number of elected officials in the federal government per adult population in each state for the most recent election years.” Enjoy! http://bit.ly/2zsgCbk

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