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The Dealmaker: 11/8/2018

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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

 

ACC removes many restrictions on development as EPCOR works toward solutions to San Tan area water and sewer concerns. Rose Law Group Co-Founder Court Rich represents numerous builders and developers in matter and is quoted in the story. Yesterday’s ACC vote “allows EPCOR to hook up new customers in portions of the territory where there is no constraint on water or sewer service,” AZCentral reports. http://bit.ly/2D9V4Up

SCOOP – The bright side of the ACC action related to Johnson Utilities.Rose Law Group Co-Founder Court Rich attended the Arizona Corporation Commission hearing on Tuesday. In this exclusive for Rose Law Group Reporter, Court is upbeat about the order issued by the commission, explaining why it “paves the way for continued growth in north-central Pinal County.” http://bit.ly/2DdVWau

Supervisors adopt first land use plan for San Tan Valley. “The comprehensive plan is the county’s first attempt at regulating land-use designations and the preferred locations of subdivisions and retail areas.” For plan highlights and what’s envisioned for the 70-square-mile area, tap to STVShttp://bit.ly/2SWXvzm

Builder planning 31 houses off West Butte Ave. Florence Town Council heard from Joseph Carl Homes on Monday, regarding plans for “three- and four-bedroom homes” within the Villa Adelaida subdivision. Although “brief,” the presentation had plenty of project details. Flo Reminder has the recap. http://bit.ly/2DujbOS

Maricopa home sales. Sales data for homes sold February 2016 through October  2018, from Acacia Crossings to Villages at Rancho El Dorado, in Rose Law Group Reporter (courtesy InMaricopa). http://bit.ly/2F93WMA

What do the midterm election results mean for housing? “The 2018 midterm elections delivered a split decision: Republicans expanded their Senate majority and Democrats flipped the House. So what does this mean for housing?” NAHB Chief Lobbyist Jim Tobin analyzes. http://bit.ly/2PLAnov

Big night of midterm wins for REALTORS®. A rundown of NAR-backed candidates — some Rs, some Ds, but all “real estate champions” — who “scored wins that promise to benefit the real estate industry’s goals of strong communities and healthy residential and commercial property markets” — in REALTORMaghttp://bit.ly/2D8t03U

Nine thriving golf course communities. “To meet the demand for golf course living, builders and developers are opening new projects and refurbishing others” — including in Scottsdale. Builder. http://bit.ly/2JPiQX8

Glendale is shutting down Glen Lakes Golf Course, citing safety concerns. A recent inspection found that the clubhouse and maintenance building are “imminently unsafe to occupy,” reports AZCentral. The closure, temporary at this point, comes after “months of council debate” about shutting it down permanently and then “selling the land to a developer to build a new neighborhood.” http://bit.ly/2D67DjL

Sundt | Yates completes Harrah’s Ak-Chin Casino Resort expansion. “The design-build project added a new 12-story, 388,000-square-foot, 230-room hotel tower, and a 730-space parking structure.” See it in a slideshow at AZRE. http://bit.ly/2DbUmG7

Hopes dim for Innovation Pavilion as operation reportedly shutters.“Still, the town said in a statement that Florence ‘remains committed to the concept of innovation, and ultimately toward becoming a ‘smart city.’ ” The statement comes on the heels of reports that Innovation Pavilion has “ceased operations.” Read the town statement in full at Flo Reminder. http://bit.ly/2JNLXdz

Grand Canyon gap: Arizona national parks need $531 million to fix roads, buildings. The mammoth makeover would involve “thousands of structures and hundreds of miles of roads,” says one park official. “Few claim the situation is dire, but advocates say the economic draw of tourism warrants timely renovations and repairs.” Cronkite News via Arizona Daily Sunhttp://bit.ly/2F8ZC08

City employees get first glimpse of new Eloy City Hall. Mayor Joel Belloc, councilmember Andrew Rodriguez and councilmember-elect Georges Reuter walked into the council chambers for the first time. Eloy Enterprise reports on trio’s tour. http://bit.ly/2SY95df 

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

The Only Place To Party This Weekend With Polo, Football And Rugby – http://bit.ly/2OwpiDg


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!


These key Arizona elections are still undecided. “The battle between Martha McSally and Kyrsten Sinema was the highest-profile race in the state that was still undecided as of Wednesday night.” AZCentral has rundown on the others —all the narrow leads, dead heats, and tight races that are still too close to call. http://bit.ly/2Quwemb

Election spotlight: Mesa. Here are the latest tallies, courtesy AZCentral: City Council: Francisco Heredia – 5590, Mark Yarbrough – 5559 • Jen Duff – 3226, Jake Brown – 3036. Home Rule Override: Yes – 57%, No – 43%. Public Safety Sales Tax: Yes – 53%, No – 47%. New Fire/Police Facilities: Yes – 59%, No – 41%. More Parks: Yes – 55%, No – 45%. Youth Sports Complex: Yes – 46%, No – 54%. Mesa Plays Bed Tax: Yes – 49%, No – 51%.

Hiccups and ‘voter fatigue’: Election Day challenges discussed. Maricopa County Recorder Adrian Fontes talks about “issues that arose Tuesday, including a five-minute systemwide computer crash, ballot-printer malfunctions, long lines even after the polls closed at 7 p.m. and a polling site that had been foreclosed on the night before” — in Cronkite Newshttp://bit.ly/2RLkI68 

With Arizona Senate seat at stake, Republicans sue county recorders.“Republican groups are challenging the way counties verify signatures on mail-in ballots that are dropped off at the polls on Election Day, according to the complaint obtained by The Arizona Republic. At stake is an unknown number of ballots that could tip the result of the U.S. Senate race.” http://bit.ly/2PjB9d5

Slim GOP majority in Arizona House presents challenge for Bowers and Fann. Newly elected Speaker Rusty Bowers and newly chosen Senate President Karen Fann are mindful of not alienating colleagues as both turn their focus to one of the biggest legislative challenges: Transportation funding. A Cap Media Services/Howard Fischer report. http://bit.ly/2D8qgUa

Next-day election highlights in neighboring states. Get outta town! Headlines and links:California: Here’s how Californians voted on the 11 ballot propositions and which ones passed

Utah: Ben McAdams widens his lead over Mia Love slightly, and Proposition 4 inches up its precarious lead

Colorado: Colorado’s top offices go blue

New Mexico: Democrats win every statewide race in New Mexico

Nevada: Nevada county voters reject bid to boot brothels

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Affordability, disruption & rising interest rates lead top ten issues facing real estateRead more

Washington developer buys Goodyear land for multifamily project Read more

Dorn Homes Launches at Talking Rock in Prescott this month Read more

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