The Dealmaker: 4/25/2019

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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

Rose Law Group Founder and President Jordan Rose featured: On the move at Barrow, Ware Malcomb, Archer Western, Prestige Cleaners.“Barrow Neurological Foundation has announced the appointment of three new members to its Board of Trustees: Donna Johnson, Jordan R. Rose and Dr. Mitchel Sayare.” Foundation president Katie Cobb: “With philanthropic, legal and biomedical leadership experience, these individuals bring a wealth of knowledge to complement the outstanding board that governs our Foundation.” More in AzBigMedia

Rose Law Group Reporter welcomes Mike Sunnucks!RLGR and Dealmaker are excited to have veteran newsman and former Business Journal reporter Mike Sunnucks on board! As a regular contributor, Mike will cover real estate, economic development, public policy and more. Yesterday, we had Mike’s very first piece, “Scottsdale takes top Bloomberg honor for ‘show’ business.” By way of saying “hello,” here’s report No. 2 from Mike. (For article No. 3, scroll down to Honeywell item.)

Meritage to sell off land assets. “With an eye on building more entry-level homes, [President and CEO Steve Hilton says the] homebuilder won’t be needing $400 million to $500 million worth of land originally dedicated to luxury and active-adult homes nationwide.” PBJ (Subscriber Content)

Richmond American sets grand opening for Goodyear community. Lucero at Estrella • Four single-story floor plans • Up to 2,890 sq. ft. • From mid 300s • Grand opening Saturday • More on Lucero • Plus info on another new Richmond American community opening in Florida • In Builder.

Where are the deals? Buyer’s markets are taking hold in these cities first.With bidding wars decreasing in several major metros, where can we expect to see homes selling below asking price? “I’m putting my money on Phoenix,” says Forbescontributor and real estate reporter Amy Dobson.

Where singles have the highest home ownership rate – 2019 edition.SmartAsset crunched the data. Builder has the results. And Arizona has four cities in the top 15!

Top 5 markets for multifamily rent growth. Multi-Housing News breaks down the best-performing markets ranked by year-over-year rent increases through March 2019.” Could Phoenix be among them? Would Dealmaker even mention it if it wasn’t? (Okay, maybe we would.) ->

Why people are leaving Northern California and moving to Arizona. The Santa Rosa Press Democrat asked 12 former residents of Sonoma County, CA why — to paraphrase a lyric from the “The Ballad of Jed Clampett” — they loaded up the truck and moved to AZ. For a sampling of their reasons “for kindly droppin’ in” to our neck of the woods, tap to AZCentral.

Honeywell R&D center sells for $26.5M. The property is located in Glendale near Union Hills Drive and the Loop 101 in the Arrowhead area. Mike Sunnucks has transaction info in his report for RLGR. 

Phoenix opens new, accessible light rail station as movement to kill rail program heats up. “Today we put Phoenix on the map as the leader for accessibility,” said Mayor Kate Gallego at Wednesday’s unveiling of the new station, which features accessible components that go ‘above and beyond’ what is required under the Americans with Disabilities Act.” But as AZCentral reports, “amid the joy of the moment was a looming fear” for the future of light rail in Phoenix.

Casa Grande rec center on track for good reviews. “The city’s new Community Recreation Center is just 12 days from its grand opening and already the new $18.2 million center is being greeted with rave reviews.” CG Dispatch reports that it’s made such a splash that it was even “the deciding factor for a family to buy a house in Casa Grande.” Check it out!

New ad pokes fun at real estate TV shows. Courtesy of®, ’public reality announcement’ ad spots that focus on people watching reality TV in order to remind them of the big differences between the homes they’re seeing on screen and the real-life process of buying a home.” WATCH all three ads in REALTORMag.

Dutch firm builds replacement gargoyle for Notre Dame using ash and 3D printing. Having already 3D-printed “a replacement gargoyle” using a “mixture of limestone and ash — similar to the materials found after the fire” — Dutch company Concr3de says it could also rebuild other elements of Notre-Dame Cathedral “from the ashes of the fire.” More on this in architectural mag DeZeen.

Less Than Two Weeks Until An Arizona Kentucky Derby Party Like No Other –

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

Click here for 2019 Arizona Legislative News

Agent boasted he did business with Arizona coach Sean Miller in FBI’s secret video. “Sean Miller could be compelled to testify in the ongoing federal corruption case involving college basketball after a video played to jurors Wednesday showed an aspiring agent bragging about his relationship with the Arizona Wildcats coach.” Arizona Daily Star.
Republicans reeling after AZGOP chair Ward supports sales tax increase.AZGOP Chairwoman Kelli Ward’s support for taking even MORE wealth from those who create it (via a tax increase) in order to have it handed out to “K-12 schools, universities and community colleges,” has, predictably, “left many political observers and Republican officials stunned.” Arizona Mirror.

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April 2019