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The Dealmaker: 7/16/2019

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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

Valley homebuilder purchases 3 more chunks of land. Shea Homes picked up parcels at Alamar in Avondale, Storyrock in Scottsdale and Northview at Stone Butte in Phoenix. Details in PBJ. (Subscriber Content). http://bit.ly/2YTchtb

William Lyon Homes creates mortgage unit. ClosingMark’s “full suite of financial services” will also include “settlement” and “title agency” services, the latter which is already doing business here in Arizona. Builder. http://bit.ly/2GfjNaR

Rastegar Property buys high-profile Phoenix lot for high-rise development. “Rastegar Property plans to use the lot [334 N. 4th St.] to develop a multifamily high-rise residential complex with office and retail components.”AZRE. http://bit.ly/2NZ5tJH

Last big piece of private land along US 60 sold.EVT reports that “a 70-acre parcel at the northwest corner of Signal Butte Road and US 60” has “been sold for $12.7 million to Bela Flor” and is “being repositioned as a mixed-use.” For details along with aerial, tap on. http://bit.ly/2JzsPBf

Development with 205 manufactured homes proposed in Casa Grande. The new development is proposed for 42.3 acres of vacant land at Casa Grande Ave. and O’Neil Dr. Reporter Mike Sunnucks took a peek at city documents for the proposed Spanish Trails West development and files this report on the project in RLGRhttp://bit.ly/2xRXPWw

Cadence at Gateway’s Phase 1 60 percent sold. “[L]ess than six months after Cadence’s grand opening,” folks are filling up homes “built by Lennar, Pulte Homes, Gehan and David Weekly, with Newport Homes expected in 2020.”RLGR. http://bit.ly/2NY3wgs

Mesa high on ‘Best Big Cities to Live in’; Phoenix much lower. Those are the findings from a new WalletHub study which looked at “56 key indicators,” from “quality of public schools and life expectancy to job opportunities and property taxes,” in “the 62 largest U.S. cities.” http://bit.ly/2LWLrwP

Valley Metro CEO explains tripled estimate for light rail expansion. Voters approved $550 million, but estimates now have costs around $1.35 billion. What gives? Valley Metro CEO Scott Smith fills us in. http://bit.ly/2XRjMop

Pollack: An economic cushion. That’s how The Monday Morning Quarterbackcharacterizes the impact of a possible cut in interest rates signaled by Chairman Powell last week. MMQ looks into the ‘cushion’ significance then rolls out data for these Snapshots: U.S. • GDP • Expansion Continues? • Job Openings • Credit • Inflation. AZ • New Home Permits – Greater Phoenix • Resale Home Market – Greater Tucson. http://bit.ly/2XRwvlZ

Dealmaker BONUS:[VIDEO] ‘Bruce & Pamela’ tour Amazon fulfillment center ahead of ‘Prime Day’ KTAR News 92.3 FM‘s Bruce St. James and Pamela Hughes took a tour of an Amazon fulfillment center in Phoenix.” (The facility is the size of 28 football fields.) Check it out in this 5-min vid, and see what happens at an Amazon fulfillment “after you click the ‘Buy Now’ button.” http://bit.ly/2JIclpB

Cameron’s $5M + deals of the day – http://bit.ly/2Y4QWjw

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As a supplement to the Dealmaker, we thought you might enjoy these articles!

Click here for 2019 Arizona Legislative News

Former developer Karrin Taylor Robson mulling bid for 2022 guv’s race.“Robson told the Arizona Mirror that she’s had a lot of people urge her run. She said she wouldn’t go as far as to say she’s considering it, but conceded that she hasn’t ruled it out.” http://bit.ly/2NXdHBY  

Court awards former Senate Dem staffer $1M. A U.S. District Court jury found that Talonya “Adams, a black attorney who was fired in 2015 after asking about a raise, had been discriminated against because of her race and gender.” AZ Cap Times. http://bit.ly/2xPq5sV

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