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The Dealmaker: 2/8/2017

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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.
Bird aviary, hotel among development to transpire at OdySea in the Desert. First there was a “butterfly pavilion, aquarium and a dolphinarium”; now there are plans for “a bird observatory, dinosaur park and a hotel” — not to mention a “-5 degree… environment called Polar Play.” According to Scottsdale Independent,“lead developer Dr. Amram Knishinsky… says [his ‘ultimate goal’]… is to offer families a place to come and be able to stay on the property for two to three days, entertained by the multiple attractions offered.” It sounds like such a happy place, it almost makes you want to shout “I’m goin’ to KnishinskyLand!” Much more about it here: http://bit.ly/2k3owTX

Resident outcry leads to revamp of town home rezoning proposal.“Following an impassioned turnout by residents, the developer proposing a rezoning and development similar to town homes on the corner of Reems and Waddell roads is revising its original proposal to Surprise.” But while the revisions from developer NexMetro Communities “likely allayed fears of… some… residents,” YourWestValleyreports that “two… prime concerns remain.” See what they are —>http://bit.ly/2lr7zzy 

New shopping center for Chandler. “Camelback Partners plans to build a five-building shopping center on 7.5 acres near the SEC of Gilbert and Ocotillo roads…” Get design details and find out why P&Z staff dubs one aspect of the layout “atypical,” at AZBEX. http://bit.ly/2kTdH5X

Phil Mickelson buying Chandler’s Ocotillo links. “A group led by pro golfer Phil Mickelson is buying Chandler’s Ocotillo Golf Club with its 27 holes surrounded by man-made lakes.” Developer Spike Lawrence calls the “course near Alma School and Ocotillo road” the “South Chandler jewel.” Read more about “Lefty’s” deal atAZCentral. http://bit.ly/2k3CPTs

Houses are the least affordable they’ve been in seven years: Here’s why.CNBC’s Diana Olick looks at what’s “adding up to a triple threat for the housing market this spring” — how it “could be the tightest market ever for homebuyers,” and why “the ingredients for a reversal are not there anytime soon.” http://bit.ly/2lrhZiT

Conventionally financed new home sales reach nine-year high in 2016.“70.8% of new home sales in 2016 were financed with conventional products…” Eye On Housing sifts through conventional, FHA, and VA loan data along with cash-based transaction figures from an “NAHB analysis of the… Quarterly Sales by Price and Financing published by the Census Bureau.” http://bit.ly/2kIca0y

What’s next for Coyotes in search for new arena? “The death of an ASU deal and the loss of a location that the Coyotes considered optimal [the NW corner of McClintock Drive and Rio Salado Parkway on Karsten Golf Course] was met with a mixture of dismay and cynicism by media and Coyotes fans…” However, KTAR reports that the Coyotes still have ‘four or five options’… aside from remaining at Gila River Arena in Glendale.” http://bit.ly/2k3rF18

A mismatch of home buyers and sellers points to pain this year. “The divide between the prices of homes Americans want to buy and the inventory of such homes is growing, suggesting first-time home buyers and high-end sellers might have a difficult year ahead of them.” The Wall Street Journal. http://bit.ly/2kTr8mu
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!
Tucson asks Supreme Court not to overturn its unique council-election system. Is there anything “inherently unconstitutional about having the six council members nominated by ward but then having a citywide general election”? Tucson City Attorney Mike Rankin doesn’t think so, while The Public Integrity Alliance thinks otherwise. Read the report from Capitol Media Services’ Howard Fischer, in Arizona Daily Star. http://bit.ly/2kn0saL

Arizona corporation commissioner pursues rules on transparency, electioneering. “[Arizona Corporation Commissioner Bob] Burns said the process is aimed at ‘studying and rectifying problems regarding financial contributions’ from regulated and unregulated entities that have business before the commission…” Arizona Capitol Times. http://bit.ly/2kIffhf

Arizona Supreme Court hears Horne appeal. “Arguing that Yavapai County Sheila Polk impermissibly acted as judge, jury and executioner in their campaign finance case, lawyers for former Attorney General Tom Horne and his ally Kathleen Winn urged the… Court to throw out a $400,000 fine for their alleged violation… Assistant Yavapai County Attorney Benjamin Kreutzberg argued that Polk’s role in the case was perfectly permissible.” But, according Arizona Capitol Times, the justices weren’t buying it, including Justice Clint Bolick, who likened “the system Polk used “ to “the New England Patriots asking the Atlanta Falcons to rule on their penalties in Sunday’s Super Bowl matchup.” More on the case here: http://bit.ly/2k3HK6K

HonorHealth Anchored Medical Complex Trades for $10.6M Read more

Phoenix Multifamily Market Closes 2016 With Slower Activity Read more

Colliers International in Greater Phoenix Sells Two Tucson Apartment Communities for A Total of $13+ Million 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.