The Dealmaker: 10/27/2016

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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.
Chicago developer puts big downtown Phoenix parcel up for sale. [Golub & Co.] has brought on Cushman & Wakefield’s Mark Stratz and Don Arones to market the sale of 200 West Monroe Street…. Golub had proposed an office tower for the site back in 2011….” See what Stratz says is behind the property unload, in Phoenix Business Journal. http://bit.ly/2eVjUs0

Group exploring construction of multi-purpose arena near Scottsdale Pavilions. KTAR: “Private developers, in cooperation with the Salt River Pima-Maricopa Indian Community are exploring the idea of building a 20,000-seat… event center south of… Pavilions and west of the 101… that they say could potentially house the… Coyotes or… Suns… The facility would be part of a larger, approximately 65-acre sports village…. The Suns lease at Talking Stick… expires in 15 years…” (So if the past is any indication of the future, that means that the Suns, should they chose to relocate, will be playing there wayyyy before they ever win an NBA championship.) http://bit.ly/2ezkzlO

Developers looking to build in Casa Grande’s Villago area. [Note: Rose law group represents Communities Southwest at Villago.] “The Casa Grande Planning and Development Department is currently reviewing the preliminary plat for the first 372 acres [that Scottsdale-based Communities Southwest] is wishing to develop. This first phase would reportedly plat up to 1,200 new single-family home lots…. and would focus on the area east of Villago Middle School…. ” Casa Grande Dispatchalso reports that although “[t]he company will have to craft a plan that preserves… four water courses in the region… a regulatory project manager for the Corps… said the developmental impact on these resources seems minor.” http://bit.ly/2eJOuZa

Opposition continues to proposed Pinal regional park. “The [23,000-acre Palo Verde Regional Park] continues to attract both supporters and opponents.” Casa Grande Dispatch looks at “[f]our alternatives [that] were provided to the public” at a recent Maricopa City Council meeting. One option? Taking “[n]o action at all,” which probably isn’t a great idea, particularly if it leads to continued “desert blight,” like the kind shown in the article’s video report — a mattress and other trash strewn about. (BTW, funny, isn’t it, how seeing litter like that always makes you wonder: How can people be such pigs!?! But then, when time comes to get rid of an old mattress of your own, it’s always like “Mystery solved!” as you dump it off in the shadows under some freeway overpass.) http://bit.ly/2eQ663w

Mortgage rates (and uncertainty) remain high. BUT… “outside the past 4 months, rates have hardly ever been as LOW as they are today.” So what about the “uncertainty”? Mortgage News Daily blames it on anxiety over the possibility of a Fed Rate hike, as well as the European Central Bank ”reducing the amount of bonds it’s buying each month.” Click through for more on this, plus Best-Execution Rates and Ongoing Lock/Float Considerations —> http://bit.ly/2eUcwy4

Get your tickets today for the 6th Annual Bentley Scottsdale Polo Championships, November 5th  – http://bit.ly/2cDo7ji

Because you are an informed person, as a supplement to the Dealmaker, we are providing you 3 (sometimes more/less) non-real estate related articles we thought you might enjoy!
FROST GETS COOL RECEPTION – Judges question Dems’ bid to count ballots cast in wrong precinct. “Attorney Elisabeth Frost argued… that minorities are more likely to show up at the wrong polling place…. Judge Sandra Ikuta of the 9th Circuit Court… said she’s not sure that’s enough to overturn existing… laws that say that ballots turned in… are counted only when cast at the proper precinct.” Capitol Media Services’ Howard Fischer looks at more of Frost’s arguments and the judges’ “skeptical reaction” to them, in Arizona Capitol Times. http://bit.ly/2dOVDmr

Top 10 voter fraud cases uncovered by Rose Law Group Reporter. Senior Writer/Reporter Phil Riske puts his humor-writing skills on display in what might be considered a Letterman-esque companion piece to the Newsmaker item above. Good stuff, Phil! http://bit.ly/2e0xc8H

Tolleson Mayor-elect Anna Tovar shows she’s a survivor. “Tolleson Mayor-elect Anna Tovar… the first woman elected to the post and the first new mayor in 22 years… recently sat down with The Republic to discuss her past and how her [battle with leukemia] inspired her as a woman in politics.” http://bit.ly/2eJPtZg

Sickening: FDA bureaucracy blocks common “miracle drug.’ Mark Flatten, National Investigative Journalist for the Goldwater Institute, explores how the FDA’s “new rules restricting the availability of domperidone [‘a drug used to treat gastric disorders’]” may force “a 7-year-old child [to] go back on a feeding tube,” despite the fact that the drug domperidone allowed her to “eat normally,” while the feeding tube definitely didn’t. At Goldwater Media. http://bit.ly/2eVrjaq

Newsmaker BONUS: A ‘State of the City’ Address, City of Maricopa; Growth & Opportunity Abound for Retail, Homebuilding & More.  Keynote Speakers: City of Maricopa – Mayor Christian Price, Elliot D. Pollack & Company – Rick Merritt,  Rose Law Group, pc. – Jordan Rose, Land Advisors Organization. Sponsor: Rialto Capitol Management. For date, time, RSVP info — actually, for the ENTIRE invitation — click here: http://bit.ly/2ezmeb1

Demand for Industrial Space Fueling New Construction Read more

New 6,500-Square-Foot Co-Working Space – 1951@SkySong – To Open At SkySong, The ASU Scottsdale Innovation Cente Read more

Mesa Master-Planned Community Cadence at Gateway Launches With First Builder – Lennar Homes Read more

Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group.  Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others.  The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.

Belfiore Real Estate Consulting is Arizona’s leading housing market research firm.  The company couples its surveys of up to 350 new home subdivision sales personnel monthly with resale and public data, as well as the perspectives of leading development, homebuilding, lenders, brokerage, real estate law, contractors, and investors to report on and forecast residential housing market conditions.

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