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
EPCOR ready for summer demands. “Needed improvements to Johnson Utilities will take time, but the water supply is good as summer begins.” Other news emerging from last week’s “utility town hall” in San Tan Valley? A bit of info on “future hookups” as well as on “pending litigation” involving JU and ACC and its potential impact on EPCOR. Flo Reminder has a recap. http://bit.ly/2FtUYHt
SCOOP! – Land Advisors Organization CEO Greg Vogel talks growth and what is driving metro Phoenix right now. Reporter Mike Sunnucks snags yet another high-profile interview for RLGR, this with LAO CEO Greg Vogel who is upbeat about the economy and real estate market in Arizona. http://bit.ly/2KEWsDd
Tight inventory forces up prices of existing Valley homes, report says. PBJ breaks down the housing-market numbers from the RE/MAX offering, and real estate consultant Jim Belfiore checks in with data from his recent Market Insightsreport. (Subscriber Content). http://bit.ly/2Xx27B3
Landsea Homes acquires Pinnacle West Homes to boost Arizona presence. Execs from both homebuilders — John Ho and Pete Beucke from Landsea, Todd Tucker from Pinnacle West — each weigh in on the acquisition, which brings Landsea “15 communities in four areas, and more than 1,150 total lots.” AZ Business Mag. http://bit.ly/2XxjjXc
Winery Residences aim to move forward in Old Town Scottsdale. Mike Sunnucks uncorks an RLGR report regarding plans for Winery Residences of Scottsdale, a four-story apartment project at First Ave. and Goldwater. Cheers! http://bit.ly/2KCfMkw
Flag council approves rezoning for McGrath development. “More than a year after its first meeting with the public, McGrath Real Estate Partners received approval from the Flagstaff City Council to rezone land on Butler Avenue.” Design tweaks to a multifamily aspect of the project not only earned McGrath the go-ahead, but also high praise “from all seven members of the council.” Daily Sun. http://bit.ly/2FxvU2p
Arizona’s most attractive ZIP codes for Baby Boomers. What ZIPs have the most boomers? Where have their numbers increased most? Which ZIPs have the largest share? RENTCafé did the study, AZ Business Magazine has highlights. http://bit.ly/2YdRv7h
Home sellers do cry. Better have Kleenex handy when selling a home, as “36% of home sellers say the process left them in tears, with millennials and parents far more likely to cry at some point during the sale.” Zillow research finds that selling a home is one of the “most stressful experiences in modern life, second only to a relationship break-up.” Builder. http://bit.ly/2xdnBnT
Chandler wants to brand itself a ‘Community of Innovation.’ And that includes changing its logo and adopting a ‘Community of Innovation’ tagline as part of its logo and marketing. Check it out in this RLGR report from Mike Sunnucks. http://bit.ly/2RAnKuS
ADOT still foresees end-of-year freeway opening. “The South Mountain Freeway is nearly three-quarters complete and is still on target to open this year — though a little later than the Arizona Department of Transportation had originally hoped.” Find out how MUCH later, and enjoy a pic of the freeway that ADOT touts as“one of its best” — in AFN. http://bit.ly/2LgCxd3
[REGIONAL] Utahns are losing millions in growing real estate scam. “The Beehive State’s housing market is buzzing, but buyers, sellers and real estate agents aren’t the only ones in on the action. Scammers are, too.” The Salt Lake Tribune. http://bit.ly/2ZUHgFJ
Cameron’s $5M + deals of the day – http://bit.ly/2ZJhNyI
As a supplement to the Dealmaker, we thought you might enjoy these articles!
Click here for 2019 Arizona Legislative News
The speaker speaks about a ‘demanding’ session. “Even after a taxing 134-day session, House Speaker Rusty Bowers remains patently himself when he sits down with the Arizona Capitol Times — reflective, resolute and ready with a story.” (PAYWALL). http://bit.ly/2Y92ZZQ
The killer bees of the Arizona Legislature. Yet another paywaller from AZ Cap Times. Here’s a teaser: “The first major hurdle every piece of legislation faces…” http://bit.ly/2KC0fkF
