The Dealmaker: 4/5/2019

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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

Smiths say they’ll save Cuen House; Rose Law Group Founder and President Jordan Rose says ‘thank you!’ Florence voted to level it. The wrecking ball was winding up. But then, Tom and Lynn Smith swooped in with a way to save the long-vacant Francisco Cuen House. And no one is more tickled about it than Jordan Rose, who tells RLGR: “The Smiths are just wonderful people. I am personally so happy that they came to the rescue of this important building that actually involved my very first zoning case in Pinal County a couple of decades ago for Qwest Communications. Thank you, Smiths, for being so great!” The story in Flo Reminder.

Knock pinpoints markets for best home deals. The 2019 National Knock Deals Forecast pegs PHOENIX as one of the markets that “will have the highest percentage of homes that sell below their original list prices, or at a ‘Deal,’ heading into Q2 2019.” Details in Builder

McFarland sees rapid growth for Casa Grande. -> And Nikola, Lucid, PhoenixMart and Dreamport Villages are the main reasons why, says Mayor Craig McFarland. Other topics in his State of the City address included water and infrastructure, plus the possibility of an ad campaign via billboards near the city of Surprise, touting CG as the place to live. What would Surprise think of that? The mayor touches on that as well. In CG Dispatch

ASU to build new residential hall on Downtown campus. “The university is looking into building new dorms by the YMCA and the Sun Devil Fitness Center,” Downtown Devil reports. Recently, ASU asked students for their “opinions about the new housing.” Tap on to check out some of the focus-group feedback.

Affordable housing a priority issue in Tempe mayor race. “Former Tempe City Councilman Corey Woods, who announced in March that he would challenge [Mayor Mark Mitchell], has made housing affordability central to his campaign, though both men said tackling rising costs of living is front of mind.” New Times.

Downturn ahead? If you’re a big builder, here’s what to do. “As economic headwinds get gusty, and the markets get choppy, some builders are back on their heels in defense. Others get set to pounce.” By John McManus, in Builder

Tolleson looks forward at 90-year celebration.West Valley View has highlights from Mayor Anna Tovar’s recent State of the City address, as Tolleson celebrates its “90th year as an incorporated Arizona municipality.”

Fountain Hills considering CIP proposal. Street widening, walkway repairs, drainage upgrades, storage construction and solar installation are among items under consideration in the Town’s “capital improvement proposal for this next fiscal year. Fountain Hills Times.

Cameron’s $5M + deals of the day – 

You’re Invited: Only One Month Until Scottsdale Polo Party Brings You Arizona’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

With their livestock and crops dying, tribes make plea for funding.“Tohono O’odham Chairman Edward D. Manuel testified Thursday that lack of water has been killing crops and livestock — and, essentially, the tribe’s economy — and things will only get worse if federal funding is allowed to lapse.” Cronkite News.

Bill requires lawmakers to live in districts they serve. Currently, legislators are required to have lived “in the county they represent for at least one year prior to their election”; they also must be “an Arizona resident for at least three years.” But that’s “not sufficient” for Rep. Bob Thorpe, who “wants to beef up that benchmark.” AZ Cap Times (PAYWALL)

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April 2019