Commission reviews Pinal County destination resort project. (Disclosure: Rose Law Group represents the developers of Dreamport Villages.) “Casa Grande… Planning and Zoning Commission reviewed the ‘Dreamport Villages’ project [last] night [and the commission unanimously APPROVED moving forward ‘with land use type of studies’]. Block Sports Company is planning to build [the] $4 Billion destination resort near the junction of [I-8] and [I-10].” Read/WATCH the Fox 10 report. http://bit.ly/2mjxnkg
60 acres near South Mountain purchased. (Disclosure: Rose Law Group represents Virtua.) “Investment firm… Virtua Partners… acquired [the property] at the northwest corner of 35th Avenue and Carver Road with plans to revise existing entitlement on the land for single-family residential housing.” Terms of the purchase and Virtua’s plans for the property at AZRE. http://bit.ly/2mjyXT0
A remodeled Phoenix Suns arena downtown? City studying idea. “City Council members voted… to pay Barrett [Sports Group]… $75,000 to study the feasibility and cost of a renovation [that’s on top of $190,000 Barrett has been paid to “research… options for building a new… arena’].” AZCentral reports that “renovating the existing facility could be cheaper and comes with a possible political advantage…” http://bit.ly/2m3VPWi
Florence council sets priorities in strategic plan. “After some discussion at the Feb. 24 work session, the council chose for its priorities community vitality, economic prosperity, leadership and governance, strategic partnerships and relationships, and transportation and infrastructure [with ‘communication… included as an important part of each priority’].” Coverage of the council’s “daylong work session with department heads,” at Florence Reminder. http://bit.ly/2mOo1uv
Two hotels announced for Downtown Tucson, including a Moxy Hotel.“Marriott announced plans to develop a Moxy Hotel, its hip Millennial-minded hotel concept….” (Based on the rendering of the place, “Moxy” isn’t a bad name for it!) “Scottsdale-based Caliber Hospitality also has plans in the works for a 125-bed hotel in the east parking lot of the recently remodeled… Convention Center.” Pretty significant developments for what AZRE reports is a town that “hasn’t seen a new hotel in 30 years.” http://bit.ly/2mULVnf
Home price expectations by state. “The median expected increase in home prices across the country is 3.5 percent, according to the REALTORS® Confidence Index January 2017 survey, based on the responses of more than 3,800 REALTORS® across the country.“ See where Arizona stacks up and read the full RCI report in Scribd. —> http://bit.ly/2mBg7rM
Clayton Holdings exec: We don’t expect Republicans to successfully repeal Dodd-Frank. Chief revenue officer for Clayton Holdings, Andy Pollock, notes in his coverage of the Structured Finance Industry Group Vegas conference that while “Dodd-Frank, the Consumer Finance Protection Bureau and its director will be in the GOP’s cross hairs,” it is “unlikely that Republican lawmakers will… totally repeal the law and/or scuttle the agency and its leader.” Find out what it is that may thwart the GOP effort and read more about the Vegas conference, inHousingWire. http://bit.ly/2mjyBMg
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