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
Q&A: The shared economy, the Town of Paradise Valley and JBW.PVI peppers Mayor Jerry Bien-Willner with pressing questions concerning “rowdy rental activity” and its impact on the town. http://bit.ly/31CAh4X
Coolidge steady in support of freeway alignment despite Eloy objections. “While three of the four segments of the Pinal County’s preferred route for the [North-South Corridor] are agreed upon by all involved communities, the south segment has become a point of contention amongst some neighboring municipalities.” Coolidge Examiner. http://bit.ly/2KyFGEn
Modern marvel tops July’s highest-priced Valley home sales list. A 10,512-square-foot PV home close to Mummy Mountain topped the list at $8.5 million. PBJhas a slideshow tour of the place, along with a rundown of July’s other top-selling shanties. (Subscriber Content). http://bit.ly/33zz00k
Maricopa real estate supply, demand slowing.InMaricopa rolls out a local housing-market report for July, with a brief update on recent activity at Alterra as well as Maricopa Meadows, which “hasn’t seen construction of new homes in approximately 10 years.” http://bit.ly/2N1P1q4
The 10 major U.S. cities where housing costs have increased the most.How does Phoenix stack up to other metros when it comes to YoY changes in housing costs? What lifestyle perks do city dwellers give up in order to afford urban living? CNBC takes a look. http://bit.ly/2yXNbOD
Proposed Winery Suites development in Old Town tries again. Parking concerns prevented this multifamily project at First and Goldwater from moving forward first time ‘round, so developers will take another shot at it today. Reporter Mike Sunnucks previews in RLGR. http://bit.ly/2YR3Liw
Boutique, infill project goes before Scottsdale planners. A couple of aging office buildings in Old Town could be flattened, to be replaced by a Clayton Companies’ multifamily project called 75 on 2nd. Mike Sunnucks has more on the project in RLGR. http://bit.ly/3099InO
Scottsdale looks at rezoning for former semiconductor site. The parcel is at Thomas and Pima. Simon CRE is making the request. Mike Sunnucks has the details. http://bit.ly/2Z2BXqO
West Valley transforms into hot spot for tech companies. West Valley officials, including economic development directors Jeanine Jerkovic (Surprise) and Lori Gary (Goodyear), weigh in on the “modern makeover” of a region once seen as merely a “manufacturing distribution hub,” but which is now looking more like a “lucrative hotspot of burgeoning innovation.” AzBigMedia. http://bit.ly/2Z6l2j8
Supporters hope to revive Gold Canyon bypass. A bypass to relieve traffic on U.S. 60 was “put on ADOT’s five-year plan.” That was two decades ago. Nothing came of it. Now, supporters are out with a petition to encourage the state to follow through on those plans. CGD. http://bit.ly/33xO12H
Flagstaff has new planning director after year with interim director.Tiffany Antol is the city’s new planning director. Antol, who “held the position in an interim capacity for the past year,” has “worked for the city since 2013 and as the city’s planning manager since 2017.” Daily Sun. http://bit.ly/2KLQcaf
Dealmaker BONUS: N.J. couple sells home that’s been stalked for decades. In 2014, a couple bought what they thought was “their dream home.” Shortly after, they began receiving disturbing “letters from a stalker dubbed ‘The Watcher.’ ” Very creepy. The story in REALTORMag. http://bit.ly/2z2pfJO
Dealmaker DOUBLE BONUS:[REGIONAL NEWS] Surf’s up in the California desert. “A developer who loves to surf is building a $200 million artificial-wave resort in the middle of Palm Desert, Calif., part of a budding movement of artificial-wave parks.” WSJ (Subscriber Content). http://bit.ly/2MiudLw
As a supplement to the Dealmaker, we thought you might enjoy these articles!
Ducey disapproves of Trump’s new green card policy, raids that don’t prioritize ‘bad guys.’ “Speaking to reporters on Tuesday, Ducey said he favored a more balanced approach that continues to leave the door open for all kinds of immigrants, not only those who are educated and skilled.” AZ Mirror. http://bit.ly/2Z4xZhg
Chandler lawmaker steps into Bullhead City water battle. “[Rep. Jeff] Weninger is accusing Bullhead City officials of using public resources to advocate in favor of a proposition that would permit them to spend $130 million to buy EPCOR Water, which services the area.” EVT. http://bit.ly/2H4QiJ0
