The Dealmaker: 4/30/2019

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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

See what flew Phoenix Sky Harbor to its busiest month ever. More than 4.5 million passengers — 146,000 per day — traveled through Sky Harbor during the month. Mayor Kate Gallego comments on the milestone for America’s Friendliest Airport®, plus reporter Mike Sunnucks takes a closer look at the record-breaking figures in his coverage for RLGR.

As Phoenix area home prices soar to record highs, here’s where to find deals. “Homebuyers who want to live closer in [as opposed to places like Pinal County and the far West Valley where home prices are lower] still have a few options for houses priced below the Valley’s median. Just expect lots of competition.” AZCentral.

Home values in Phoenix: See how prices have changed. “After a long slog, nearly all Valley neighborhoods have rebounded from 2011, the depths of the housing crisis.” Check out home-value changes for your neighborhood, via the heat-map in AZCentral

5 Phoenix neighborhoods where rents are increasing the most. Using data from and ApartmentGuideAZRE highlights Phoenix “neighborhoods with the highest percentage increase in one-bedroom apartment prices” over the past year.

New entertainment complex coming to downtown Chandler. And it’s coming to “one of the last vacant, city-owned properties in downtown.” See a rendering and get the rundown for LGE Design Build’s “retail, restaurant, and entertainment space” project, in AZCentral

COSMETIC CHANGES? – Ulta landing at Superstition Springs and what it could mean for the future of malls. The move by the cosmetics chain into the Macerich-owned mall could be part of a greater trend of retailers, reports Mike Sunnucks in RLGR

Scottsdale pays out $1.4 million to local golf club in legal settlement.During its development, Scottsdale National Golf Club installed a water line, per an informal agreement with the city’s Water Department staff. But when the golf club attempted to get reimbursed for doing the work, the city went into deny mode. Scottsdale Independent has the rest of the story.

BLM to allow construction of new highway west of Maricopa. Skirting the “Maricopa-Pinal County line largely on public lands,” the proposed Sonoran Valley Parkway will “provide a direct route in southern Goodyear connecting Rainbow Valley Road to the community of Mobile and State Route 238, improving emergency response times in the area west of Maricopa.” Check out a map of the proposed route in Maricopa Monitor

Real estate economists forecast slower growth and returns in 2021. “Real estate economists continue to have a positive outlook for the U.S. economy, capital markets, and real estate fundamentals through 2021,” according to the “ULI Real Estate Economic Forecast.” Highlights from the forecast in Urban Land Magazine.

Pollack: GDP. It grew 3.2% in Q1, a number The Monday Morning Quarterbackcalls “especially impressive considering the effects of the tax cuts have dissipated and we experienced the longest government shutdown in history earlier this year.” MMQ’s data Snapshots include -> U.S.: Consumer Sentiment • Mortgage Rates • Home Sales •  AZ: • Hotel Market • Apartment Construction • Homeownership Rates.

Talk Derby To Me!  This Saturday Is The Scottsdale Polo Party’s Kentucky Derby Party –

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

On FBI-recorded call, agent on trial says Sean Miller ‘fronted’ deal to get Deandre Ayton. “In a phone call played during the college basketball corruption trial Monday, agent-runner Christian Dawkins told partner Munish Sood that UA coach Sean Miller ‘fronted’ a deal to land a player believed to be Deandre Ayton.” Daily Star.
High stakes for Arizona as Supreme Court grapples with census question. “Is this person a citizen of the United States?” It’s a “question left unasked for more than seven decades,” and one that “could have sizeable consequences for Arizona’s federal funding and political representation.” Arizona Mirror.
Ducey has signed 137, vetoed 4 and waits for new budget. Bills, bills, bills! An incredibly long list of bills, most signed, a few nixed, by Gov. Doug Ducey. If you’re a fan of legislative lists, ALL CAPS-SHOUTING style ad nauseam, then you should really get a KICK out of THIS!

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April 2019