The Dealmaker: 2/20/2019

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

 

 

 

Showdown over water bill averted, clearing way for Arizona to finish Colorado River deal. “But even with what had seemed a difficult snag now somewhat smoothed over, Arizona still needs to finish a list of about a dozen water agreements… And Arizona’s top water managers said they expect completing those deals will take longer than a March 4 deadline…” AZCentral. http://bit.ly/2V7kaJh

Estrella unveils lineup of builders for Phase 1 of Lucero. Beazer, D.R. Horton, Pulte, Richmond American, and Taylor Morrison. AZRE has an “overview of the product being offered by each builder” at the 617-acre Lucero, “the first new area of the Goodyear master-planned community to debut in nearly a decade.” http://bit.ly/2GADlIi

County considers 2 housing, 1 commercial development near Glendale.Richmond American is looking to build Seasons at Riverside, a 126-home development on 36.7 acres at El Mirage and Maryland, while Lennar is proposing Northern Crossing at Northern and Cotton Ln., a 66.6-acre, 279-home development with “27.6 acres for commercial use.” Sitemaps and development details in YourValley. http://bit.ly/2tuMTMo

Subdivision to Subdivision: A Maricopa real estate analysis. Here’s a PRICE/SQ. FT. breakdown — graphed out — for eighteen Maricopa subdivisions, from Acacia Crossings to Villages, number crunching courtesy of local Realtor Brian Petersheim, at InMaricopahttp://bit.ly/2ttNTQZ

[GUEST COLUMN] Dembow: Don’t toss out Sanctuary’s Casa Three application prior to its review. Yesterday, PV Town Councilmember Julie Pace presented her position on Sanctuary Resort’s proposal to “build a multi-story party house with a pool, roof top bar and four connected rental units on less than one acre on Camelback Mountain.” Today, it’s Councilmember Paul Dembow’s turn, in PV Independenthttp://bit.ly/2T7rUhg

Midtown Phoenix hotel purchased, major renovations planned. “Buy it, revive it and manage it.” That’s the “motto” of Oxygen Hospitality, and the  Phoenix-based company is one-third of the way toward achieving it after purchasing Wyndham Garden Phoenix Midtown. PBJ reports on the acquisition and “Incredible turnaround opportunity” for the “six-story, 160-room property at 3600 N. Second Ave.” (Subscriber Content). http://bit.ly/2GQJn6S

Bill would make Section 8 and other assistance not count as rent. “A bill under consideration at the Capitol could give landlords the ability to evict tenants who pay their rents with assistance from non-profits, churches and the federal government’s Section 8 housing voucher program.” Arizona Mirror also has info available on another piece of landlord oversight legislation, HB  2115, which “would limit the regulatory ability of counties, cities and towns in regards to landlords.” http://bit.ly/2SPfb3d

Pollack: Let’s talk about the yield curve. While it’s “been flat for the last month,” does it signal an economic “day of reckoning” — a recession — is at hand? The Monday Morning Quarterback picks apart that notion and then hits us with these data ‘Snapshots’ —> U.S.: Consumer Sentiment & Prices • Manufacturing • Housing Affordability & Builders’ Struggles. AZ: NAHB/Wells Fargo Housing Opportunity Index – Phoenix & Tucson.  http://bit.ly/2Vb0ioS

Litchfield Park mayor gives state of city. LP’s City Center project, the city’s master plan, and a five-year winning streak for increased revenue. Mayor Thomas Schoaf spoke on these and other topics at his recent state of the city address. YourValley has the recap. http://bit.ly/2E2Hn8S

 

 


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

Click here for 2019 Arizona Legislative News


 

Supreme Court strikes blow against states that raise revenue by hefty fines, forfeitures. “The Supreme Court ruled unanimously Wednesday that state governments cannot impose excessive court fees, fines and forfeitures as a means of raising money.” Submitted for Dealmaker readers, mainly because there are a couple of Pinal County cases this will affect. USA Today. http://bit.ly/2SOhIL3

Arizona House speaker blocks repeal of law that allows lawmakers to avoid arrests. “House Speaker Rusty Bowers has blocked a measure that seeks to repeal a law, commonly known as legislative immunity, which prevents police from arresting lawmakers while the Legislature is in session.” What’s behind letting lawmakers “keep their get-out-of-jail-free cards”? Speaker Bowers explains in AZCentral. http://bit.ly/2twMWrb

House panel approves bill to quash political activity in classrooms. “[Rep. Kelly Townsend’s] House Bill 2015, which opponents view as retaliation for last year’s strike, would prohibit school district employees from using school resources to espouse a political or religious ideology.” Unless they’d like to pay “a fine of up to $5,000.” Arizona Cap Times. http://bit.ly/2SiiZVT

Arizona 10th most “sinful” state, survey finds. “WalletHub compared the 50 states across 43 key indicators of immorality,” with each given a “Vice Index” ranking based on ’Anger & Hatred,’ ‘Jealousy,’  ‘Excesses & Vices,’ ‘Greed,’  ‘Lust,’  ‘Vanity,’  and ‘Laziness.’  Tap on for all the hate-the-sin, love-the-state results! http://bit.ly/2T9a1yo

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