The Dealmaker: 11/27/2018

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





Pollack: Permitting activity slows. The Monday Morning Quarterback tackles single-family permitting trends for Phoenix and Tucson, with a key assist from real estate consultant Jim Belfiore. Plus these data ‘Snapshots’ —> U.S.: • Leading Indicators • Consumer Sentiment • Builder Confidence • Housing. AZ: • Lodging • Taxable Sales • Housing Permits.

Wolff Company breaks ground on Scottsdale senior living community. “Revel Scottsdale [8225 E. Indian Bend] is expected to open in late 2020… Once completed, the three-story property will offer 157 studio, one- and two-bedroom independent living residences.” Rendering and further details in the news-release rundown at AZRE.

NexMetro’s expansion includes Goodyear. West Valley View takes a look at Avilla Centerra, NexMetro’s “second for-lease new home community in Goodyear,” situated near Estrella Parkway and Van Buren.

Entry-level home inventory yields declining new home size. “New home size has been falling over the last three years due to an incremental move to additional entry-level home construction.” Eye On Housing has the data and graph to prove it!

DPC Companies to renovate 7000 East Shea Blvd. The major makeover will not only include “149,780-square-feet of creative office, retail and restaurant space on 8.3 acres,” but also a new name: B7|BLOCK 7000. Details and rendering in RED News

Here are the trends shaping Arizona school construction. AzBigMediaexamines how a combination of Arizona School Facilities Board funding along with old-school bond funding are helping to build and improve campuses across the Valley, including in Waddell, Tolleson, Queen Creek and San Tan Valley.

Phoenix paid firefighters union boss $68K for plan to tax medical pot businesses. “The city of Phoenix paid [Professional Fire Fighters of Arizona President Bryan Jeffries] to work on a medical marijuana dispensary tax intended to fund police and fire while he served as chief of staff to interim Mayor Thelda Williams, Phoenix New Times has learned.”

[OPINION] Rose: Simple addition could be Scottsdale’s next big thing. When it comes to Scottsdale Stadium, Arizona PR ace Jason Rose wants us to “start thinking of a double play” that would be “a very big thing for Old Town.” What Rose has in mind isn’t necessarily the classic 6-4-3 DP, either. A paraphrase of that famous quote from the late, great “Mr. Cub” himself, Ernie Banks, supplies a clue: “It’s a beautiful stadium… Let’s play two!” Scottsdale Independent.

A love letter to Cottonwood. Roger Naylor has a deep affection for Cottonwood, describing it as “charming,” “thriving” and “relaxing.” The “Arizona Tourism Hall of Fame writer has traveled one end of the Grand Canyon State to the other and says Cottonwood is best place to call home.” CV Bugle.

County assessor to tax land with farming wells at higher values. “Farmers who’ve moved into Mohave County over the last few years to take advantage of 100-year-old water laws have been getting away cheap on their property taxes, but that’s about to change.” Daily Miner (Paywall).

Tribune editorial: The rent is too damn high. “Despite all that construction… in downtown Salt Lake City and in communities large and small throughout the state, the fact remains that housing that is within the financial reach of working-class families remains in seriously short supply.” Salt Lake Tribune.

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!

Ducey’s chief of staff announces he’s moving on. Kirk Adams on Monday announced he is quitting as Gov. Doug Ducey’s chief of staff. In Arizona Daily Star, Cap Media Services’ Howard Fischer talks with Adams about his time as chief of staff, the “impact” he’s had in Arizona “on things that predate Ducey,” and his plans for the future.

Ducey spokesman Daniel Scarpinato to lead governor’s staff. Gov. Doug Ducey cites his soon-to-be-former press spokesman’s “experience and ability to get things done as qualities that give him great confidence in Scarpinato leading the Governor’s Office.” Arizona Cap Times.

Navajo Nation drops voter discrimination lawsuit. While the “legal claim that threatened timely “certification of the general election results” is now history, Cap Media Services’ Howard Fischer reports that the “tribe still contends that early voting procedures used in three Arizona counties violate the rights of tribal residents.” Arizona Capitol Times.

Education, attitude matter when detecting fake headlines. “Do you have a degree? What’s your income? The answers could affect how you view the news,” according to research from the News Co/Lab at Arizona State University’s Walter Cronkite School of Journalism and Mass Communication.​

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November 2018