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The Dealmaker: 8/2/2019

Posted by   /  August 2, 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

COMING UP, SNAKE EYES? -Nevada city tried to get D-Backs to relocate. “The city of Henderson in Nevada attempted to convince the Arizona Diamondbacks to move to Southern Nevada, according to a report in the Las Vegas Review-Journal.” AZCentral picks up the crazy story from there. http://bit.ly/2MBhVgm

Diamondbacks fans have right to be furious over negotiations with Las Vegas suburb.AZCentral sports columnist Greg Moore vents over the D-Backs-to-Vegas brouhaha, calling it “the latest in a string of negative developments that are certain to test loyalties.” (Subscriber Content). http://bit.ly/2KmY0ip

Belfiore: New home sales post 20 percent gain. “I think it’s astounding,” says real estate consultant, Jim Belfiore. And that’s just a snippet of what Jim has to say to reporter Mike Sunnucks about a regional housing market that refuses to take a summer vacation after its slow start to 2019. RLGR. http://bit.ly/2yzPN5e

3 homebuilders sign on for final chunk of 7,100-acre Peoria community.Richmond American, Pulte and David Weekley become the first builders for the final phase at Vistancia, a community real estate consultant Jim Belfiore calls the “cornerstone of development in the West Valley.” PBJ (Subscriber Content). http://bit.ly/2K8tCtg

Tempe approves Micro Homes project, future office development plans.We’ve been hitting the Tempe tiho project pretty hard lately, with reports fromAZCentral. Now Mike Sunnucks takes a crack at it, with news of council action on the project, as well as on another development within ASU’s Novus Innovation Corridor. http://bit.ly/2yz9aLE

Tempe moves forward with new try at big Pier 202 development. The land, long eyed for development, totals 11 acres and is on the south bank of Tempe Town Lake. Mike Sunnucks has more in RLGRhttp://bit.ly/2yAE1rk

Glendale has 9th healthiest housing market.Glendale Star looks at findings from a new SmartAsset study, which “ranked Glendale behind other Valley cities — Chandler and Mesa — but ahead of Gilbert in its top-10 rankings.” http://bit.ly/2OCiVDM

Here’s Larry Webb’s advice to successor Leonard Miller at the New Home Company. “As the firm pivots to more attainable communities and homes, Webb believes it’s the right time at the right time.” By John McManus inBuilderhttp://bit.ly/2T2Qa1j

Five things I wish I knew before I built my house. “The home-building process takes longer and costs more than you may think” — or at least more time and money than WSJ real estate columnist Beth DeCarbo thought it would! (Subscriber Content). http://bit.ly/2YFmZTs

Harkins Theatres to build new Valley HQ campus, mixed-use development. A sequel of sorts will be in the picture at the new Harkins HQ situated on SRPMIC land near Loop 101, as the building’s design includes “iconic mushroom structures reclaimed from the original Harkins Camelview 5.” Check out a rendering and get the project rundown in PBJ. http://bit.ly/2GWhKc7

Southwest Valley ranks No. 1 in the nation for industrial prospects. The upbeat news comes via JLL’s Q2 Phoenix Industrial Insights report. “Not even the hot summer months have slowed the tide of inquiries, facility tours and letters of intent,” says JLL exec Anthony Lydon. Tap to AZRE for  Insight highlights and access to the full report. http://bit.ly/2KaUAjY

Hudbay Minerals will appeal court decision blocking Rosemont mine.“The company announced its plan to appeal, saying in a statement that it believes the court ‘misinterpreted federal mining laws and Forest Service regulations as they apply to Rosemont.’ “ AZCentral. http://bit.ly/2yuLnfU

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

How Amazon will take over your house. “Amazon has taken a pioneering lead in what has come to be called ‘surveillance capitalism,’ which includes some of the biggest businesses of the future.” Axios. http://bit.ly/2GKOu7T

Lawsuit alleges state withheld overtime pay from hundreds of workers. A state employee alleges “that she and other case managers sometimes worked as many as 70 hours per week without overtime pay on their $19 hourly wage.” AZ Mirror. http://bit.ly/333ytnf 

[OPINION] At the Democratic debate, much conflict but little clarity.“And it’s definitely time to start winnowing the field,” writes WaPo political columnist and MSNBC contributor Eugene Robinson. http://bit.ly/2MBNxT2

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