The Dealmaker: 4/2/2019

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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

ilder 100 Spotlight: Fulton Homes takes its cues from national retailers. (Disclosure: Rose Law Group represents Fulton Homes.) CEO Doug Fulton talks with Builder about Fulton’s “Retail Mindset” — “techniques learned in the clothing business” that have helped the company “sell homes,” “satisfy customers” and secure a spot “on the BUILDER 100 list.”

Ground to break on massive master-planned community, replacing old family-owned farm. “Ground will break Thursday on a master-planned community in Avondale, which will include nearly 3,700 homes.” The 1,124- acre MPC called Alamar will be built by Brookfield Residential on land “previously owned by Lakin Cattle Co.” Read on at AZCentral 

Toll Brothers launches collections in the Meadows. • 3 collections • 13 designs • 9,450 to 24,000 sq. ft. sites • From mid $400,000s • 95th Ave. and Williams Rd. • More on the Acacia, Juniper and Laurel collections • In Peoria Times. 

Housing project made of shipping containers to break ground in central Tucson. “Located on Stone Avenue, just south of Speedway, [the 75-foot] Stackhouse will have up to 44 units for sale. The 320-square-foot homes cost about $45,000. [‘Renting a slot is extra.’].” Project rundown and colorful renderings for this “creative and fun” concept, in Arizona Daily Star 

Analysis: Zip code 85321 in Ajo has 127th highest home vacancy rate among U.S. zip codes. ATTOM Data Solutions looked into the “vacancy status of more than 95 million homes” to come up with its “Top 300: Zip Codes With Highest Home Vacancy Rates.” And Arizona Business Daily has ‘em all!

Arizona among the states with the least ‘green’ apartments. -> That according to RENTCafé, which “analyzed the evolution of green construction between 2008 and 2018.” Get the city-by-city breakdown of Arizona’s “5,800 green apartments” at AZRE

Tribes putting energy into economic development. “Knowing that the cost of utilities can be a deciding factor in business attraction efforts, some tribes ]Ak-Chin Indian Community in particular] have taken the innovative step of forming their own electrical, water, and/or telecom/broadband utilities.” AzBigMedia.

New marijuana dispensary in Peoria marks sign of the times. The opening of Peoria’s fifth medical marijuana dispensary is on the horizon after having been approved with “no opposition.” Laura Bianchi, partner and director of Rose Law Group Cannabis Department, talks with YourValley about “the evolving perceptions surrounding the beneficial drug.” (Also in YourValley, this op-ed by Laura: “Bianchi: Medical marijuana is a regulated program benefiting patients.”)

Pollack: Mixed news. While “the 4th quarter was weaker than previously expected,” The Monday Morning Quarterback finds inflation remains in check and housing numbers don’t look too shabby either! Data ‘Snapshots’ include… U.S.: GDP • Income • Consumer Confidence • Housing – Permits & Sales • Mortgage Rates. AZ: Sky Harbor • S&P/Case-Shiller – Phoenix.

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

Click here for 2019 Arizona Legislative News

APS docs reveal it funded 2014 ‘dark money’ effort supporting commissioner’s son.“A cache of documents released by Arizona Public Service on Friday confirm what many political observers have long suspected: The utility giant provided funding to a dark money organization that spent heavily to help a powerful corporation commissioner’s son win his race for secretary of state.” Arizona Mirror.
Benson cartoons find a new home at the Arizona Mirror. And don’t think for a second that we’d mention Steve Benson and his new home without there also being a fresh sampling of his “artistic wit” to enjoy. So here it is!
Gov. Ducey supports effort to include citizenship question on 2020 Census. “Gov. Doug Ducey is siding with the Trump administration in its bid to add a citizenship question to the 2020 Census despite concerns by some that it will cause an undercount that could cost the state millions — and maybe a congressional seat.” By Cap Media Services/Howard Fischer in AZ Cap Times
Arizona is in the middle of the pack on tax burdens. “WalletHub compared the 50 states across the three tax types of state tax burdens — property taxes, individual income taxes and sales and excise taxes — as a share of total personal income in the state.”

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April 2019