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The Dealmaker: 8/9/2019

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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

What did you do yesterday? Chris Brady, Mesa City Manager. Meetings and briefings concerning a handful of major deals take up a good chunk of City Manager Brady’s day, in this latest look into the busy schedules of some of Arizona’s top leaders in real estate and government. http://bit.ly/2ToesmW


Jordan Rose, Rose Law Group founder and president among 3 Valley lawyers selected to national list of attorneys. Congratulations to Jordan Rose! She is among the trio of Valley lawyers named to Business Journals’ Influencers: Law — the news chain’s national list spotlighting notable executives in the legal field. http://bit.ly/2TkgUKV

Real estate expert Jim Belfiore: A big growth for this housing segment. Real estate consultant Jim Belfiore tackles the topic of for-rent residential subdivision development in this RLGR report by Mike Sunnucks. http://bit.ly/2GWyU9t

Arizona apartment rates climb at fastest rate in the nation. Elliott D. Pollack & Co. and Arizona Multihousing Association President and CEO Courtney LeVinus supply data and insight as Chamber Business News explores the factors behind — and potential solutions to — the region’s growing rental-housing demand. http://bit.ly/2KvUK4k

Apartment forecast: Projected 32% gain in new apartments but multifamily sales slowing some. That projection courtesy of a new forecast from Kasten Long Commercial Group. Mike Sunnucks takes a closer look at the crystal-ball findings in RLGRhttp://bit.ly/33qbiUj

Scottsdale developer wants to build state’s tallest tower in Phoenix. If plans pan out for Aspirant Development, Second Ave. between Van Buren and Fillmore could see a $350 million “mixed-use, stacked” sky-scratcher “taller than Chase tower.” PBJ (Subscriber Content). http://bit.ly/2M9AhWr

Maricopa moves commercial, residential developments forward. “A development that has been in the doldrums since 2008 may get new life while a long-time farm is turning more of its acres into a residential area.” For all the details on this latest municipal action concerning Stonegate Center and Anderson Farms tap to InMaricopa. http://bit.ly/2Kq5PW1

Americans have never felt this good about real estate. “Fannie Mae’s Home Purchase Sentiment Index surged to a new high as consumers became more upbeat about buying and selling, mortgage rates, and their jobs.” Get “highlights from the index’s latest readings” in REALTORMag. http://bit.ly/2ySJqK8

Queen Creek Town Council approves state land annexation. “This area provides important economic opportunities,” notes Mayor Gail Barney, who has more to say in this QCI report on the town’s “annexation of nearly 4,150 acres of State Trust Land, located from Germann Road north to the future alignment of SR24 and the CAP canal west to Meridian Road.” http://bit.ly/2YD4m7e

Strong support for Scottsdale bond questions shows with wave of ballot statements backing Questions 1, 2 and 3. “Neighborhood advocates, former and current Scottsdale City Council members and mayors, coaches, business leaders and dedicated community leaders have all stepped forward to voice support for the bonds.” Read the full news release in RLGRhttp://bit.ly/2ZNIQcu

$63M in bonds for new Pinal County buildings OK’d. “The Board of Supervisors narrowly granted final approval of the bond issue Wednesday morning,” with Chairman Mike Goodman casting “the deciding vote.” STVS. http://bit.ly/2ZM3H00

New Coyotes owner says staying in Glendale long term will be ‘difficult.’ “The reasons [new owner Alex Meruelo] ticked off aren’t new: The team loses money there. The fan base is elsewhere in the Valley. Corporate sponsors are harder to come by in Glendale. And the team doesn’t have a long-term lease.” Can Glendale sway him? AZCentral. http://bit.ly/2MMMKyV

Could smaller Chase Field be option to keep D-Backs in Phoenix? It’s an idea floated by USA TODAY sportswriter Gabe Lacques — and Diamondbacks CEO Derrick Hall responds. http://bit.ly/33n7XFs

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

Focus on the election: Maricopa County recorder sending reps to hacking conference. When hackers and techies gather in Vegas for a conference this week, folks from the county recorder’s office will be there. As Maricopa County Recorder Adrian Fontes puts it to AZ Mirror: “You gotta know the ways of your adversaries.” http://bit.ly/2M9C11V

When women bring home a bigger slice of the bacon. “The growing clout of women as drivers of the U.S. economy will radically alter the business and investing landscape in years to come.” The Wall Street Journal (PAYWALL) http://bit.ly/2MPBykY

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