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The Dealmaker: 8/5/2019

Posted by   /  August 5, 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

Tonopah investors eyeing region’s future. (Disclosure: Rose Law Group represents SLM Land Holdings.) West Valley View zeros in on SLM’s land purchase in downtown Tonopah, as the investment group eyes even more land in and around what many consider “a prime area for expansion.” http://bit.ly/2MGIfpi

Jim Belfiore comments in AZCentral on summer’s hot housing market. Actually, real estate consultant Jim Belfiore does more than just comment. He also supplies the data showing how (and where) “new home sales in metro Phoenix soared during the past few months to levels not seen by builders since 2007.” (Subscriber Content). http://bit.ly/33fxKzm

Affordability driving home sales in West Valley, where master-planned communities prevail. Turns out the preceding report featuring Jim was just a warm-up! Check out this one from PBJ which takes a deep dive into Belfiore Real Estate Consulting’s KnowledgeBase Current and Future Market Insights July 2019report. (Subscriber Content). http://bit.ly/2KrumsD

Belfiore: Fed rate cut helps encourage home buyers already seeing low mortgage interest rates. More housing market insight from Jim in this report by Mike Sunnucks for RLGRhttp://bit.ly/2YCFagH

Will more homes near Mesa asphalt plant move forward? “Some Mesa residents have been concerned for years about foul-smelling fumes from an asphalt plant neighboring their community. Now, city leaders will decide whether to allow more homes to be built nearby.” AZCentral. http://bit.ly/2ZFbVHm

Apartment sales, rents climb across region. Sales of apartment building across metro Phoenix were up 26.8 percent in the second quarter compared to a year ago, according to new data from ABI Multifamily. Mike Sunnucks breaks it down in RLGRhttp://bit.ly/2yDKcL7

Student housing site sets land-value record near UA campus. Sterling University, developer of Aspire Student Housing, has broken its own previous land-value record, this time with a $470 PSF purchase of a Chase Bank site in Main Gate District where it plans to build the eight-story Aspire Tucson 2. RED News. http://bit.ly/2T6daNb

New student-housing tower coming near UA. “To be seated above a retail strip on the southwest corner of North Park Avenue and East Speedway, Hub IV will have 152 apartments with 485 beds for rent in townhouse-style units.” Details and renderings in Daily Star. http://bit.ly/2YIusF9

6,587-square-foot house planned as a commercial vacation rental raises concerns. “Large homes in Sedona are far from uncommon. But one home in the Chapel area has received a lot of discussion as of late.” Red Rock News. http://bit.ly/2OGy9r9

164,000 jobs in July — good news for housing? Forbes real estate columnist Caroline Feeney explains why the “much-anticipated July jobs report released Friday morning offers a mixed bag for real estate.” http://bit.ly/2ZIBfMF

AZRE Forum experts offer bold CRE predictions. “A sold-out crowd gathered Thursday… to hear experts from all aspects of commercial real estate shed light on the strengths, opportunities, and challenges facing Arizona’s commercial real estate sectors heading into 2020 and beyond.” http://bit.ly/2T5soC0

Business experts stress Oro Valley’s need for commercial land. “With more companies choosing to relocate or expand into Arizona, the Town of Oro Valley is determined to distinguish itself as the place where executives want to set up shop.” RED News. http://bit.ly/2KhHjGx

[GUEST COLUMN] Transparency, citizen oversight key to Scottsdale bonds. Writing on behalf of “For The Best Scottsdale Bond Campaign,” Scottsdale residents Dana Close and Alex McLaren highlight how the “city and the bond campaign have been committed to the upmost transparency in determining the bond projects.” Scottsdale Independent. http://bit.ly/2YsRf8P

Florence, Maricopa ranked among safest places in Arizona. Maricopa Mayor Christian Price calls the ranking “phenomenal,” while Florence official Benjamin Bitter is anything but. See where each municipality ranks in Flo Reminder. http://bit.ly/2MEmyGA

Reducing impact fees – will it spur Payson growth? At one time, impact fees in Payson could run upwards of $50,000. But then the “town dropped most of them, except for the water impact fee that rose to more than $7,000. Now that fee is seeing its demise.” Roundup. http://bit.ly/2yDl4UM

[OPINION] Judge’s ruling on Rosemont Mine undermines Forest Service’s scientifically-based decision. In QCI, Rep. Paul Gosar (R-AZ) lists the reasons he’s looking forward to an appeal of “U.S. Judge James Soto’s ruling halting the planned Rosemont Mine.” http://bit.ly/33c4ARz

Dealmaker BONUS -Realtor uses dinosaurs to stage home after life throws Midlothian couple ‘curveball’ [VIDEO]. The listing for a home in Virginia features dinosaurs everywhere. Watch the WTVR news report here: http://bit.ly/2Kjx7gN

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

Social media response to weekend mass shootings from Arizona’s congressional delegation; contributions from gun interests noted. In AZ Mirror. http://bit.ly/2KhgguL

Ducey plans renewal of gun-control measure. “Gov. Doug Ducey is renewing his bid to allow judges to take away guns of people believed to be a danger to themselves or others and have them held for mental examination.” A Cap Media Services/Howard Fischer report in AZ Cap Timeshttp://bit.ly/2KffFK6

Chandler councilman running for Congress. “Councilman Sam Huang has announced he will seek the Republican nomination in Arizona’s 9th Congressional District (CD9) next year.” EVT. http://bit.ly/2Kr7idj

Predicting how SNL will cast the 2020 presidential hopefuls. “Vulturewriters and editors pitch [their] best guesses as to which candidate will be played by which Saturday Night Live cast member.” http://bit.ly/2OH09ew

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