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
These areas southeast of Phoenix are hottest for new home construction.Casa Grande and Coolidge “are all the rage these days with homebuilders.” And the West Valley isn’t doing too shabby either, says real estate consultant Jim Belfiore, who shares his housing-market insight in this PBJ report. (Subscriber Content). http://bit.ly/2XaZmS4
Surprise City Council approves controversial annexation, rezoning. News of the city’s vote “to annex 1,180 acres of county land and rezone it for two major housing developments” proved quite popular with Dealmakers on Monday. So here’s more on the controversial approval and the roadblocks those developments could be facing, courtesy YourValley. http://bit.ly/2Xdnl7H
Taylor Morrison opens Gilbert community. • Whispering Rock • Three one-story floor plans • 2,911 to 3,509 sq. ft. • From the low $500s • At E. Trigger Way • More on TM’s new Gilbert neighborhood • In Builder. http://bit.ly/2ZVxlQe
KB Home Q2 profit beats estimates. KB Chairman, President and CEO Jeffrey Mezger: “We are pleased with our second quarter performance, as we made significant progress on our Returns-Focused Growth Plan [which includes growing the business and strengthening the balance sheet].” More from CEO Mezger plus a full financial rundown, in Builder. http://bit.ly/2Lpt6IC
The markets where sellers are feeling richest. “Many home sellers are reaping profits, especially if they’re in one of 20 hot housing markets.” Phoenix is one of those hot markets, but what kind of gains are home sellers seeing? Find out in REALTORMag. http://bit.ly/31WavcK
Trammell Crow plans 700K SF spec project along new Loop 202. The 48-acre project at 40th Street will be “the first development on the Gila River Indian Community after opening of the South Mountain Loop 202 Freeway.” Design and development details at AZRE. http://bit.ly/2Xdomwx
Neighborhood Ventures closes on 3rd crowdfunded investment property. “Arizona’s first real estate crowdfunding company” has snapped up “an eight-unit apartment building in Old Town Scottsdale,” with nearly a hundred investors putting in over half a million bucks total “into the purchase of the property.” Plans? In AZRE. http://bit.ly/2KDXuPX
Queen Creek Town Manager John Kross elected MAG’s management committee chair. The Maricopa Association of Governments has elected QC Town Manager John Kross to serve as chair of its Management Committee. “John’s one-year term comes at a critical time,” says QC Mayor Gail Barney. Find out why in QCI. http://bit.ly/2YpRIVn
TAKE ME OUT TO THE SCOREBOARD! –Goodyear Ballpark getting new LED scoreboard for Indians, Reds games. Mike Sunnucks reports that the city is allocating $975,000 for the new digital board from Daktronics Inc, one of the leading scoreboard and video board makers in the world. More in RLGR. http://bit.ly/2RGhi5D
Walgreens looking to add parking at Chandler pharmacy operations center. Walgreens wants to expand parking to a parcel adjacent to its operations center near Price and Germann. Did we mention this is for Walgreens’ OPERATION CENTER? Big place. The matter is on today’s city council agenda, and reporter Mike Sunnucks has a breezy preview in RLGR. http://bit.ly/2FOPozZ
Camp Verde votes against Connect. “Council chambers were packed.” The agenda item of interest? “A resolution opposing the county’s Verde Connect road project connecting [SR] 260 and Cornville Road.” Mayor German kicked things off: “[R]aise a hand if you [have] something that you would like to say in favor of the road?” Laughter ensued. How the rest of the night unfolded, in Red Rock News. http://bit.ly/2RNt8v7
Cameron’s $5M + deals of the day –http://bit.ly/2Ni5acK
As a supplement to the Dealmaker, we thought you might enjoy these articles!
Click here for 2019 Arizona Legislative News
[AUDIO] Voters in Arizona watched presidential debate with anticipation.NPR’s “Morning Edition” reports on a Democratic debate watch-party which took place at a movie theater here in the Valley. LISTEN: http://bit.ly/2NkC9Ns
[COLUMN] Democrats still don’t know how to talk about climate change.The Atlantic staffer Robinson Meyer gives a thumbs-up to the eight minutes candidates in last night’s debate devoted to the topic of climate change. That, however, is “about the highest praise” he has to offer. http://bit.ly/2ZVH0WR
How ‘walking protest’ Megan Rapinoe became U.S. soccer’s middle finger to Trump. “The U.S. Women’s National Soccer Team captain calls herself a ‘walking protest’ of the Trump administration, and has gotten under the president’s skin.” The Daily Beast. http://bit.ly/2IUgWG2
Arizona in space. PHOENIX magazine celebrates “Arizona’s pivotal role in space exploration, from the Apollo missions to shoebox-size satellites to rendezvous with asteroids,” in “honor of the 50th anniversary of the Moon landing.” http://bit.ly/2Xb4k68
Q&A With John Waters: How Hairspray secretly corrupted a generation.In advance of bringing his one-man show to the Celebrity Theater on June 30, the filmmaker talks to Phoenix New Times about latest “book, getting the support of his parents, and how Hairspray secretly corrupted a generation.” http://bit.ly/2ZYl0e1
