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The Dealmaker: 7/17/2019

Posted by   /  July 17, 2019  /  No Comments

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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

HUD and SEC encouraging Opportunity Zone investment. HUD Secretary Ben Carson likes what he’s hearing coming from the SEC in its “efforts to encourage” O-Zone investment. As one RE exec puts it in this DSNews report: “[T]he investment flood is coming to a low-income census tract near you.” http://bit.ly/2JB4GKB

Meritage Homes spends millions in two major land deals. The homebuilder snapped up 145 lots in Marbella Ranch. In another deal, it purchased 37.48 acres at 67th Ave and Broadway. Details on both in AZREhttp://bit.ly/2xRyUCx

What home buyers really want.Builder takes a look at findings — some “surprising,” some not so much — from the latest edition of NAHB’s “survey of recent and prospective home buyers.” http://bit.ly/2JQ3XEB

Surprise 5th in U.S. for new homes. Are you in the market for a home that’s less than 20 years old? If so, check out Surprise, where nearly 70 percent of the city’s housing units have been built this century. Or you could head out to a handful of other West Valley cities, each of which ALSO cracked the Top 10 “new-home” list!YourValley. http://bit.ly/2NVyiqf

Phoenix to hold series of public meetings on potential redevelopment of South Building at Phoenix Convention Center. Mike Sunnucks reports that the city is looking at potential development partnerships, a redevelopment or sale of the downtown Phoenix site. More info in RLGRhttp://bit.ly/2YWCur9

Land-use changes considered for 795-acre solar energy farm off I-8. EDP Renewables North America LLC wants to develop the Casa Grande Carmel Solar Park at I-8 and South Bianco Rd. Pinal County P&Z  will look at a re-designation of at the wide swath of land at its meeting today, and reporter Mike Sunnucks has a preview, in RLGRhttp://bit.ly/2XSoous

Paradise Valley councilwomen hold steadfast to community values.Councilmembers Julie Pace, Ellen Andeen and Anna Thomasson say “the ‘paradise’ in Paradise Valley is what’s at stake” as they “weigh the cost and benefits of luxury housing, multifamily  and resort development inching toward fruition.”PVI. http://bit.ly/2JCDfjJ

Q&A: Scottsdale Councilman Guy Phillips sounds off on Old Town dismay. Councilman Phillips fields questions from Scottsdale Independent to give us his views on the “issues surrounding Old Town Scottsdale,” including code compliance and enforcement as well as parking regulations and development requirements. http://bit.ly/2JB64wN

Phoenix overtakes NYC in Top 10 best cities for start-ups. Metrics include Startup Survival, Housing Affordability and Millennial Population Growth.COMMERCIALCafé conducted the study, AZ Business Magazine shares the highlights (plus a link to the full report). http://bit.ly/2JPYgGn

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

U.S. Senate race in Arizona leading nation in fundraising. Democratic spaceman Mark Kelly and fighter pilot Republican Sen. Martha McSally are both flying high when it comes to fundraising in Q2, running one and two respectively.KTAR. http://bit.ly/2LwUhlJ

Rep. Kirkpatrick joins call for Trump impeachment inquiry. Saying “there is ‘no choice’ “ but to do so given “Mueller’s alarming report,” Rep. Ann Kirkpatrick “becomes the fourth of Arizona’s five Democrats in the House to support opening an impeachment inquiry.” AZ Mirror. http://bit.ly/2XOjoXE

Most Arizona Republicans, Sinema, silent on Trump’s tweets telling Democrat women to ‘go back’ where they came from.Arizona Mirror seeks out Arizona lawmakers on both sides of the aisle for comment on Trump’s ‘squad’ tweets. Here’s who responds: http://bit.ly/2JPYzkv

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