The Dealmaker: 4/17/2019

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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

Nikola World kickoff. Rose Law Group Partner and Director of Renewable Energy Department, Court Rich, attended a private reception highlighting the innovative technologies of Nikola Motor Company! Featuring the debut of the Nikola NZT. Watch it in action at #NickolaWorld2019.

Vehicles of the future: Nikola World unveils hydrogen electric trucks. PinalCentral with more on the “series of surprises that wowed attendees” at the “2019 Nikola World product unveiling.” Featuring select snippets from a presentation given by Nikola CEO Trevor Milton, along with remarks from Coolidge City Manager Rick Miller, Coolidge Mayor Jon Thompson, and Nikola President Mark Russell.

HUD seeks input on maximizing ‘Opportunity Zones.’ • How can HUD ensure communities benefit from O-Zone investment? • How should HUD interact with stakeholders? • What kind of O-Zone info-portal would be helpful? • Do you have any O-Zone ideas you’d like to share in answer to such questions? • If so, HUD wants to hear from you • Via REALTORMag.

New developments reshape Downtown Phoenix. The new projects “promise to redefine the market and create a strong urban core.” GlobeSt. zeros in on one such project : “Millennium Park Central, a 278-unit apartment development from The Dinerstein Cos.”

Phoenix real estate in March: Sales down 11% YoY, active inventory up 9% YoY.CalculatedRISK’s Bill McBride returns to the Dealmaker lineup with a housing-market news brief for March — the fifth month in a row “with a YoY increase” in inventory.

7 neighborhoods gentrifying the® examined 100 cities, factoring “in change in median household income, home sales, and list prices.” And one charming midtown-Phoenix neighborhood, which saw median sales prices increase nearly 100% over a 5-year span, cracks the list.

Scottsdale housing market data illustrates bucking of trends, confirmation of others. With a data assist from ARMLS, Scottsdale Independenttakes a look at the local real estate market. Featuring insight from Gary Shapiro, Realtor and co-founder of Scottsdale Leadership, Greg Hague of Hague Partners, and Rebecca Grossman, CEO of Scottsdale Area Association of Realtors.

The human cost of expensive homes. “Lack of affordable housing is key in homelessness issue, ASU experts say.” ASU Now.

Print.Save.Repeat. breaks ground near Gateway Airport. “CEO Errol Berryand Chairman Richard Grubenhoff, joined Mesa Mayor John Giles and Councilmember Kevin Thompson at a groundbreaking ceremony for two warehouse and manufacturing facilities in the new business park [located on Ray, east of Power].” Coverage in AZRE

Planned bike ranch near Saguaro National Park gets further backing. A plan to build a ‘bike ranch’ [with ’49 casitas’] on 20 acres directly across the street from Saguaro National Park East’s entrance on Old Spanish Trail has the backing of a Pima County hearing administrator.” Support for the project is “another setback” for Save Saguaro National Park, a “group opposed to the development.” Arizona Daily Star.

President Trump signs bill endorsing Colorado River drought plan.AZCentral: “Trump’s signing comes just over a week after Congress fast-tracked bills through the U.S. House of Representatives and the Senate. Rep. Raul Grijalva, D-Ariz., and Sen. Martha McSally, R-Ariz., led those efforts and introduced identical bills endorsing the plan.”

Drought plan buys Arizona more time, but Pinal farmers need money now. “Pinal County farmers still want the state to provide $20 million up front for that cost of drilling new wells and constructing delivery canals.” A Cap Media Services/Howard Fischer report in PinalCentral

Drink & be merry at AZ’s best Kentucky Derby party –

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

Click here for 2019 Arizona Legislative News

Arizona’s messy tax system hampers small businesses battling online retailers for tax fairness. “Arizona small business owners are fighting for sales tax equality with online retailers, similar to 39 other states trying to collect taxes on goods that consumers buy online. But experts said Arizona’s tax system complicates the situation.” Cronkite News.

Arizona rated low for its children’s health care. Ah, but not as low as a 2018 WalletHub study, which ALSO looked at “key indicators of cost, quality and access to children’s health care” in “50 states and the District of Columbia.” Tap on for the full 2019 findings.

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April 2019