Lennar snags State Trust Land at auction. Lennar successfully bid $22.575 million Tuesday for a 140-acre parcel south of the SW corner of Dove Valley and Paloma Pkwy. And there’s more land-auction action to come, today and tomorrow! Details in Rose Law Group Reporter. http://bit.ly/2UixiLZ
Q & A: Trent Hancock of Camelot Homes. Get to know a bit about Camelot’s Sales & Marketing Director Trent Hancock, including “his favorite Arizona project, what inspires him, and his biggest professional accomplishment” — in Arizona Foothills Magazine. http://bit.ly/2E4ntvN
First homes subdivision south of Baseline planned in Apache Junction.“Kauffman Homes is proposing a preliminary subdivision plat for the gated community of 259 one- and two-story homes.” AJ Senior Planner Rudy Esquivias: “We hope that this is the spark which gets finally development south of Baseline going…” AJ Independent. http://bit.ly/2UhHiVZ
Cities that missed out on HQ2 still poised for home-value growth. A “Zillow survey finds that many if not most of those that competed” for Amazon’s HQ2 “are expected to see their home-value growth outpace the nation.” But does this optimism extend to the Valley? Find out in Builder. http://bit.ly/2zIrkvo
Boomers create surge in luxury care communities. With the appeal of “allowing people to age in one place for a relatively fixed price, but with amenities common in exclusive hotels and high-end cruise ships,“ the “potential market is huge” for these “upscale communities,” New York Times reports, while noting that such “luxury communities have opened or are in development in Southern California and Arizona.” http://bit.ly/2FYDE09
Foreclosure trend reverses, spikes in many cities. “Foreclosure activity is on the rise in 15 states, bucking the national trend over the past few years.” As for Arizona, three markets pop up with high October foreclosure rates on ATTOM Data Solutions’ Foreclosure Starts heat-map. —> http://bit.ly/2EceTf6
Buyers persist in search for THE dream home. “Findings from the National Association of Home Builders’ Housing Trends Survey Report indicate that prospective home buyers take the decision seriously. They are also apparently willing to take their time.” Mortgage News Daily. http://bit.ly/2AS8D8r
Snooze is coming to The Stewart. “Denver-based Snooze an A.M. Eatery” has secured a spot at The Stewart, Aspirant Development’s new mixed-use in Downtown Phoenix. Details on what will be Snooze’s “sixth location in the Valley,” plus a rundown of The Stewart, at Downtown Phoenix Journal. http://bit.ly/2EeSeio
Two new Holiday-flagged hotels planned in AZ. “[T]he hotel development sector in Arizona continues to remain comparatively strong, as evidenced by two new planned Holiday Inn-related developments around the state: A Holiday Inn Express in Phoenix and a traditional Holiday Inn in Page.” AZBEX. http://bit.ly/2rmIB91
New design guidelines approved for Queen Creek’s downtown core. “Downtown Queen Creek is to become pedestrian-oriented as businesses are given more flexibility with new design guidelines and zoning designations approved recently by the town council.” QC Independent. http://bit.ly/2PlV5qW
Sun City worries that Airbnb renters are too young. “[A] group of Sun City residents is taking a close look at the community’s conditions, covenants and restrictions… to see whether rules are already in place to halt nuisance-causing short-term rentals.” As AZCentral reports: “When people move to Sun City… the don’t picture a bunch of children running around on a pontoon boat out on the water…” http://bit.ly/2FZ185l
Gilbert among 2018’s safest cities in America. “WalletHub compared more than 180 cities across 39 key indicators of safety” — “from assaults per capita to unemployment rate to road quality.” Gilbert and three other Valley locales crack the top 25! (ALSO from WalletHub: “2018’s Best & Worst Cities for Wallet Fitness.”) http://bit.ly/2KYvmEa
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
