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The Dealmaker: 10/31/2016

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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.
Metro Phoenix’s Midcentury buildings deserve some love. Republic senior real-estate reporter Catherine Reagor looks at “the Valley’s cool Midcentury buildings” and a call by one “[r]eal estate expert” for “preserving, celebrating and branding [such] architecture.” (That being said, this same expert would probably admit that watching some old, tall building come down via a controlled implosion is a pretty awesome sight.) Also in this article? A slideshow of Phoenix’s “most endangered historic buildings.” http://bit.ly/2f5y3Em

Replacement for Chase Field floated? ”An out-of-state investor group [‘Stadium Real Estate Partners together with Egbert Perry, Chairman of Fannie Mae and President of Integral Group’] is proposing to build a new, privately funded baseball stadium in downtown Phoenix to replace the current home of the Arizona Diamondbacks,” However, Jim McLennan of  the Diamondbacks online community “AZ Snake Pit” explains why “[f]or now, [he’s] inclined to file this [Republic news tidbit] under speculative.” http://bit.ly/2eUzVit

Longbow Marketplace Phase 1 to start. “Kitchell Development hopes to start construction… at the SWC of Recker… and Loop 202… in November. The 64KSF project sits on 9.1 acres of the planned 49-acre shopping center site. A 30KSF Sprouts Farmers Market will act as the anchor tenant, with three restaurants and three retail shops rounding out the first phase…”
Get info on the project’s “eclectic contemporary design” and see the rendering — at AZBEX. http://bit.ly/2f1z6HF

110-unit multifamily facility planned for Gilbert. “Builder Magazine’s ‘2016 Builder of the Year,’ CalAtlantic Homes hopes to start construction in December on… Fincher Fields at Cooley Station. The site is situated on 7.8 acres at Recker… and Cooley Loop North. Cooley Station is a Master Planned Development designed on a neo-traditional town center and neighborhood concept.” See it at AZBEX. http://bit.ly/2eN7ntK

Pending sales rise, signal impressive demand. “[T]he National Association of Realtors® (NAR)… Pending Home Sales Index… rose 1.5 percent in September to 110.0 from 108.4 (revised from 108.5) in August…. NAR’s Chief Economist Lawrence Yun said a robust increase in the West and a healthy bump in the South more than compensated for declines in the other two regions.” For a breakdown by region plus more from Yun on the “housing market’s overall health,” click through to Mortgage News Daily. http://bit.ly/2eN7NQO

Cameron’s $5M + deals of the day – http://bit.ly/2fa9zZ3

2016 Polo Party First Drop Dignitaries Announced; See You Saturday November 5th – http://bit.ly/2fnze5A
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!
Candidates seek to guide groundwater group’s governance. Rose Law Group’s Tom Galvin is amongst the 10 candidates running for 5 positions on the CAP.  “[The] Election will determine one-third of Central Arizona Project’s board; generation of power, rates charges among key issues.” Read about these candidates and other “Issues [winners are] likely to [face]” — at AZCentral http://bit.ly/2eUwEjo

Arizona voter registration sees largest interval increase since 2008. Secretary of State Michele Reagan: “The level of interest in this election is extremely high and it looks as if that passion has translated into people registering to vote at a high rate.” Get the latest registration figures here—> http://bit.ly/2es28wq

Increase in health act premiums may affect Arizona vote. “The Obama administration revealed that the cost of midlevel plans on the [Nowhere Near] Affordable Care Act’s health insurance marketplace [in Arizona] would increase next year by 116 percent on average [and in Phoenix, ‘145 percent on average’]. The New York Times  Abby Goodnough looks at whether ‘shrapnel’ from this “political bombshell” will “be a deciding factor” in a state that was already “shaping up to be one of the more unlikely battlegrounds of the 2016 campaign.” http://bit.ly/2eUwOY1

Arizona’s ‘ballot harvesting’ ban upheld by court. “[The 9th U.S. Circuit Court of Appeals] ruling applies to Arizona’s House Bill 2023… It requires ballots that are dropped off to be delivered by the voter or a family member or caregiver…. ‘This case is not one in which ‘qualified voters might be turned away from the polls… Rather, it is one in which voters are precluded from giving their ballots to third party ballot collectors…” — AZCentral. http://bit.ly/2dVGBjr

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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© 2024 Rose Law Group Reporter

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, data breach/privacy law, 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.