The Dealmaker: 4/29/2019

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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

Public, private development ramping up around Desert Ridge. (Disclosure: Rose Law Group represents Crown Realty & Development.) Crown exec Rick Carpinelli: “In short what we are building is a small city.” And PBJ reports that “small city” will include several new ASU projects. (Subscriber Content).

Scottsdale hopes new matrix will simplify zoning, land use process. The city has scheduled two community meetings to inform residents and businesses about the proposed changes, which seek to boil down permitted land uses within various zoning districts into one easier to use matrix. More info on the upcoming meetings in this report from Mike Sunnucks at RLGR

A Tempe Town Lake west of metro Phoenix? “Nearly five years ago, southwest Valley cities of Avondale, Buckeye and Goodyear adopted guidelines for developing along the Gila River. Plans ranged from small fishing lakes and kayaking spots, to high-density residential development and a downtown riverwalk.” But one major obstacle is blocking those plans: “Thick stands of invasive trees.” AZCentral.

4,140 acres in Pinal County to be annexed by Town of Queen Creek. Town Council recently approved “a pre-annexation development agreement with the Arizona State Land Department” in order to “facilitate annexation and development” of more “than 6 square miles of State Trust Land along the State Route 24 corridor.” QC Independent.

5 Phoenix-area neighborhoods that offer the best value for first-time homebuyers.AZCentral real estate reporter Catherine Reagor looks at a handful of Valley neighborhoods where first-timers can find houses “priced below $300,000.” So why isn’t Reagor “advocating to buy in these areas”?

Grand divide. “Grand Avenue is poised to succeed Roosevelt Row as the Valley’s signature arts district, but the expected wave of gentrification — and possible departure of its staunchest advocate — has some longtime residents bracing for impact.” PHOENIX magazine.

Ex-federal official: ‘I got rolled’ by Trump administration to ease way for Vigneto housing development. HOWEVER: The “Interior Department issued a statement Friday explaining and defending” the U.S. Fish and Wildlife Service “policy switch” on the 28,000-home Villages at Vigneto development. The full story in Arizona Daily Star

Richmond American opens new Tucson community. • Arroyo Nopal • Single- and two-story homes • Six floor plans • From upper $200s • Near W. Magee & N. Thornydale roads • Further info via Builder

P&Z sends Canyon del Rio on to Flagstaff City Council. P&Z has “approved the rezoning of 83 acres” at Butler and Fourth, an area that could eventually see “8,000 residential units” developed. “The rezoning is part of a 263-acre development called Canyon del Rio and is being worked on by the local developer Capstone Homes.” Arizona Daily Sun.

Shea Homes Arizona wins awards at MAME Awards Competition. Congratulations to Shea Homes, which “was honored with 12 awards, including “Builder of the Year.” Scottsdale Independent.

Rosewood Homes earns Small Volume Builder of the Year. Also at the MAME Awards gala, Rosewood Homes was recognized as ‘Small Volume Builder of the Year’ for the 3rd consecutive year. AzBigMedia.

Tempe names 3 finalists. A list of nearly 50 applicants for Kolby Granville’s vacant city council seat has been whittled to three finalist: Don Cassano, Arlene Chin and Shereen Lerner. Pics of the happy finalists and bit of background on each at AZCentral

Valley transit planners battle ride-hailing growth, population explosion to keep things moving. “Planners argue that we can’t build our way out of the problem and need vibrant public transit, but not everyone is aboard the bus.” Cronkite News via PBJ.

The best cities, ranked by age group. How does Phoenix fare when it comes to meeting “the needs” of boomers, Gen Xers, and millennials? Not great, according to a recent study. A remark in the comment section of this NY Times’ report on the study puts it this way: ”Poor Phoenix! But the lack of love is unsurprising for a hellscape that had 128 days over 100 degrees last year and 22 days over 110.” Feel like pushing back on that? Tap on!

Peoria mayor delivers state of city. In her fifth SOTC address, Mayor Cathy Carlat “outlined an agenda to move the city forward,” with a focus on developing it into what she calls a “complete city.” Read Mayor Carlat’s full speech via YourValley

A Party Where You Can Dance To The Derby, May 4th!

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

Click here for 2019 Arizona Legislative News

The final rip-off — paid obituaries. Paid obits — and the sticker-shock that comes with them — has Senior Reporter/Writer Phil Riske fired up, in Rose Law Group Reporter “Growlery.”

Americans among most stressed in the world, poll finds. “Last year, Americans reported feeling stress, anger and worry at the highest levels in a decade, according to the survey, part of an annual Gallup poll.” NY Times.

Coming clean: A snapshot of Arizona’s energy makeup. A look at oil, helium and solar in Arizona — the latest in a series of reports from Cronkite News “on the traditions of oil and gas in the western United States and the transitions to renewable energy sources.”

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April 2019