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
Belfiore: Be careful of key housing indicator. Be wary, be very wary, of housing permit data when forming a business plan, says Jim Belfiore. What indicator does the real estate consultant recommend instead? Find out in Mike Sunnucks’ report for RLGR. http://bit.ly/2LMEUpa
Gehan Homes and Taylor Morrison will build homes at Alamar. The two builders join Shea Homes and Landsea Homes for phase one of Brookfield Residential’s home-building bonanza at its Alamar MPC in Avondale. AZ Business Magazine. http://bit.ly/2OnRDAF
New plans filed for 353-acre Scottsdale development. Mike Sunnucks reports on the rekindled housing-development plans for Wildcat Hill at Cave Creek and Bartlett Dam roads. RLGR. http://bit.ly/2YxXQho
Casa Grande council introduced to luxury apartment style. Council was briefed recently on the prospects of detached luxury apartments coming to Casa Grande. But before such stand-alone accommodations can proceed, there’s a challenging zoning issue that must be dealt with. CGD. http://bit.ly/2LMcknR
Maricopa impact-fees update includes builders’ proposed changes. The Home Builders Association of Central Arizona provided feedback for the proposed fee report, which now “separates development into North Maricopa and South Maricopa,” with fees “higher in the south.” InMaricopa. http://bit.ly/31c4VlF
Metro Phoenix home flips climb. “Home flippers are aggressive in the Valley now, and a growing number are closing deals for houses despite rising prices and fewer homes for sale.” AZCentral (Subscriber Content). http://bit.ly/2Othl70
The most and least affordable places to live in Arizona. WebsiteUnitedStatesZipCodes crunched the data, comparing “local home prices with local incomes to determine housing affordability.” AZ Business Mag has the results. http://bit.ly/2LOU9Og
Arizona a leader of installed U.S. corporate solar projects, report says.Solar “commitments” by Apple, PayPal, Target, Walmart, Intel and Albertsons have helped Arizon The Dealmaker is a daily note of the day’s top real estate stories served just in time for lunch. Bon Appetit! a lead the nation in corporate solar, with “148 megawatts” installed. And there’s more on the way, thanks to NextEra Energy and Nikola Motor Co. PBJ(Subscriber Content). http://bit.ly/2YrRHzd
Glendale Council to decide if cannabis dispensaries must separate from more than just schools. The new law would not only require dispensaries to “be at least a quarter mile removed from any type of school as well as from childcare centers, parks, libraries and rehabilitation facilities,” but it “would also bar three of four Glendale dispensaries from expanding.” YourValley. ttp://bit.ly/2ylY4cJh
Glendale plans for sustainability during drought. Deputy Water Services Director Megan Sheldon: “I think we’re in a good place now, but continual reduction in flows into Lake Mead or dry years on even the Salt River watershed eventually… could have an impact.” YourValley. http://bit.ly/316o73R
North-south freeway route proposed to meet SR24 south of Apache Junction. “The north-south corridor Pinal County voters in 2017 approved funding for should head south from Apache Junction at U.S. Highway 60 and Mountain View Road, according to a preferred route approved recently by the City Council.”AJI. http://bit.ly/2Osjik3
Amazon reveals the truth on why it nixed New York and chose Virginia for its HQ2. “A member of the core site selection team offered CNBC an inside look at how Virginia won — and New York lost.” Teaser: CNBC played a major role in Amazon’s decision which, it turns out, “was not about politics” after all. http://bit.ly/2Mq4VKo
As a supplement to the Dealmaker, we thought you might enjoy these articles!
New report throws fuel on light rail campaign fire. The “blistering report” disputes “the $11 billion in economic development that supporters attribute to the line.” KEY QUOTE: “The scariest part for taxpayers is that they haven’t even broke ground on the project, so the price tag will likely go even higher before they are finished.” AFN. http://bit.ly/2YqiuMs
Short list is out for long-awaited state supreme court justice. Candidates for a seat on the Arizona Supreme Court include “a public defender, a lawyer in private practice and a controversial county attorney,” by the name of Bill Montgomery. AZ Cap Times (RELATED: “Commissioner slams news site for opinion Montgomery has advantage.”AZ Mirror). http://bit.ly/30WC58u
Rains withdraws candidacy for Peoria council. “Randal Rains, candidate for Peoria City Council in the Pine District, has dropped out of the race.” Read Randal Rains’ public statement on his withdrawal in YourValley. http://bit.ly/2LK0J8R
