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
Land annexation could lead to 1,200 new homes, new big development in East Valley. Efforts are afoot in Mesa to annex 162.4 acres near Phoenix-Mesa Gateway Airport for the planned Avalon Crossing development. Reporter Mike Sunnucks has the lowdown in RLGR. http://bit.ly/2XBHmjH
Maracay community sees record new home sales. Avance at South Mountain “sold an unprecedented 65 homes in its first 60 days,” and Maracay President Andy Warren comments on a few of the factors fueling that success.RLGR. http://bit.ly/2XybfGu
PulteGroup named ‘Great Place to Work.’ -> As confirmed by 92% of PulteGroup employees who provided the feedback, giving high marks to the company’s positive culture. Example? “When you join the company, you are made to feel welcome.” YES! said an overwhelming number of PulteGroup employees. (viaBuilder). http://bit.ly/2LlEaHB
Cities and builders face ‘hornet’s nest’ to meet affordable housing needs.“Using government subsidies, tax credits and zoning changes, city leaders [from D.C. to S.F.] are encouraging builders to incorporate affordable housing into mixed-use projects.” New York Times. http://bit.ly/30oI4mn
As Dems seize on housing’s affordability crisis, battles brew between feds and locals. “Market-rate residential players need to be careful what they wish for when they hear, ‘we’re from Washington and we’re here to help.’ ” By John McManus in Builder. http://bit.ly/2LK6YZu
Construction begins on Creighton University campus at Park Central.Work is underway in midtown Phoenix on the “nearly $100 million health sciences campus,” with the first phase “expected to be completed in spring of 2021.”AZRE. http://bit.ly/2XDKbRB
Scottsdale Planning Commission to review parking space rules. “The downtown parking code has long been a sore point for some business owners, especially in the Arts District, who fear new apartments and condo dwellers will cannibalize existing public parking in the area that is currently utilized by their clients.” Scottsdale Progress. http://bit.ly/32iWx5a
Residents near Maricopa concerned about I-11 project. “The proposed Interstate 11 corridor that could go through the Maricopa area is causing a feud with those residing in the Hidden Valley and Thunderbird Farms area.” Mayor Christian Price weighs in on the matter in Maricopa Monitor. http://bit.ly/2NNgAFt
TUCSON: As Honors Village nears completion, impact of construction unknown. AWESOME! is a word that likely comes to mind for 1,000 UA students expected to reside at the new academic mixed-use come fall. As for those living in the neighborhood AROUND Honors Village, the words are more like: Boundaries, density, buffers and cars. The Daily Wildcat. http://bit.ly/32hBHD3
MORE STUDENT HOUSING –Home built by Scottsdale High students on the market. The home in “northern Scottsdale was built by 25 Scottsdale Vocational Technical School students in 1981.” That same year, it was purchased for $18,500. Now, the “house and the accompanying 5 acres of land” are on the market for HOW MUCH?!? Scottsdale Progress. http://bit.ly/2G7rBeF
Cameron’s $5M + deals of the day –http://bit.ly/2YKGCdB
As a supplement to the Dealmaker, we thought you might enjoy these articles!
Click here for 2019 Arizona Legislative News
Airobotics unveils first in-house developed payload at security & defense expo. (Disclosure: Rose Law Group represents Airobotics.) Leading automated drone startup, Airobotics, today unveiled a highly drone-stabilized payload for inspection and security applications at ADS’ 2019 Warrior Expo East. Learn about “Trion” and its unique set of advanced capabilities in RLGR. http://bit.ly/2XUpzIS
Phoenix voters could fundamentally change the city in August. Why is no one campaigning? “One initiative could halt the city’s light-rail program. The other could cap spending until the city pays down its pension debt.” Big issues. Yet “very little public presence from either side of either initiative.” But are things about to “ramp up”? AZCentral. http://bit.ly/32lnepO
Here’s what Democrat Mark Kelly says about the border. LISTEN to what Tucson Dem and U.S. Senate candidate Mark Kelly “told KTAR News 92.3 FM’s Arizona’s Morning News on Tuesday.” -> http://bit.ly/30yP9AZ
MLB accused of juicing baseballs following historic home run surge. With teams set to “break the all-time record set in 2017 (6,105) by almost 400,” what does Justin Verlander of the Astros think about all the four-baggers? “It’s a f—ing joke. Major League Baseball’s turning this game into a joke.” (But then again, he is a pitcher.) Axios (RELATED: “MLB players are furious, willing to strike over economic system: ‘We’re all united.’ ” USA Today) http://bit.ly/2JA5lel
