Rose Law Group looking for… A corporate, transactional, tax attorney with four or more years of experience and some knowledge of securities transactions are necessary to join our high energy group. Attention to detail, brilliance, dedication to immediate client service, and focus are musts. Please send resumes to Hopi Slaughter at hslaughter@roselawgroup.com.
Home for the holidays: Rosen family compromise likely at Azure Paradise Valley. (Disclosure: Rose Law Group represents Shea Homes at Azure in Paradise Valley.) The festive story of how PV Town Council, in the words of Jordan Rose, “saved Christmas!” after certain thresholds within a development agreement threatened the holiday cheer and timely move-in of Cori and Vic Rosen into “their ‘dream home’ at Azure Paradise Valley,” the very first Shea Signature luxury community. Enjoy in PV Independent! http://bit.ly/2DypkbQ
Massive mixed-use development proposed in Mesa’s Gateway area. VIVO Partners has proposed Gallery Park, a massive mixed-use near the SEC of Loop 202 and Power Road and “featuring more than 1 million square feet of office, restaurant, retail, hotel and residential space.” Details and renderings in Phoenix Business Journal. (No PBJ subscription? No problem! AZRE also has news on the mega mixed-use, so tap on!) http://bit.ly/2zmq9S7
Vigneto expected to attract 100,000 new residents to Cochise County. “[F]inal permit has been approved, financing and budgeting arranged, and a construction timeline set for Vigneto, the 14,000-acre, master-planned community.” All that’s needed now is a bit more info on the “28,000 home project” along with some kind of rendering showing off its “modern take on… old world architecture” — AZRE has ‘em! http://bit.ly/2DAfy8X
New homes proposed near Payson’s Green Valley Park. Approval of Whelan Custom Homes’ plan to develop 46 lots for a new subdivision near Green Valley Lake came with a bit of a twist last Tuesday, as nearby residents “presented an alternative plat to the commission.” Payson Roundup. http://bit.ly/2zh6Jhl
Marriott agrees to pay $824,000 into Sedona’s affordable housing for council’s development approval. “As the Sedona City Council was finishing up three hours of discussion on the proposed Marriott Residence Inn, it was anyone’s guess as to how the vote was going to go. But in the end, the developer sweetened the pot in terms of the amount he is willing to give to help with the local housing crisis.” Red Rock News. http://bit.ly/2FykqON
Book covers housing’s ‘wakeup call.’ “The lack of affordability in housing is at crisis-level in markets across the U.S., and progressive cities are no exception.” Housing activist Randy Shaw has written about it in Generation Priced Out: Who Gets to Live in the New Urban America. Curbed via Pro Builder. http://bit.ly/2zh7cA7
Builder confidence drops sharply. The HMI “dropped eight points to 60 in November,” and NAHB’s Chairman Randy Noel and Chief Economist Robert Dietz both point the finger for at the confidence-killing combo of rising mortgage rates and increasing home prices. Builder. http://bit.ly/2PJWRr3
Real estate technology: Try, try again. “Stackable apartments. Robotic valets. Infrared spas. The future has arrived, haltingly, and this time will be different. Maybe.” NY Times RE reporter Stefanos Chen explores the “changes taking place that could have a lasting effect on housing — from land use and affordability to the fancy amenities that influence how and where we live.” (Features a killer circuit-board graphic of a high-voltage cityscape. Check it out!) http://bit.ly/2Kkrdu8
New rules for all-cash real estate deals. The new “updates and expansions” include naming names in LLCs, new definitions and more monitored metro areas, all part of the U.S. Treasury’s “effort to better track money laundering and other illegal activities funneled through real estate transactions…” Fortune via Pro Builder. http://bit.ly/2QYyaDJ
New ‘front porch’ at Park Central now complete. “The ‘Front Porch’ section of the project — the outdoor dining area facing Central Avenue and shared by several of the project’s restaurants — is now 100 percent complete and is open to patrons.” AZRE. http://bit.ly/2QZM8Fs
Mesa mayor sees no more elections for sports complex. “Mesa Mayor John Giles doubts voters will get another crack at the Mesa Plays sports complex after this month’s election defeat… ‘The voters of Mesa voiced their opinion, and Mesa Plays will have to find another way to move forward,’ ” Mayor Giles tells EV Tribune. http://bit.ly/2DNxA8R
Glen Lakes closed, council delays possible re-opening. “In response to the closure [due to ‘imminently unsafe buildings’], council heard an update on what the cost would be to re-open the course as soon as possible or just keep the course irrigated and manicured before a possible sale of the land.” The Glendale Star. http://bit.ly/2Dyoxrn
Recall of Phoenix Councilman Michael Nowakowski heats up. “Downtown Phoenix activist Sean Sweat is a staple at city meetings, the president of the Urban Phoenix Project and, most recently, the leader of a recall attempt against Phoenix Councilman Michael Nowakowski.” AZCentral looks into Sweats recall efforts. http://bit.ly/2qYpstO
Pollack: Arizona economy doing very well. And Phoenix is doing even better! “Booming,” says The Monday Morning Quarterback, whose opening drive in this week’s installment starts with local economic highlights, while the following data ‘Snapshots’ kick off the second half. —> U.S.: • CPI • Retail & Food • Manufacturing & Industrial Production. AZ: • Employment • Building Permits. http://bit.ly/2S4W0xE
More than 20 Utah local leaders file court briefs opposing shrinkage of Bears Ears, Grand Staircase monuments. “The amicus friend-of-the-court briefs — filed Monday and drafted by the Harvard Law School’s Emmett Environmental Law & Policy Clinic and the Salt Lake City Attorney’s Office — contend that the process was flawed, with little input from local voices, and that the boundary reduction will have detrimental economic and environmental effects in the state.” Salt Lake Tribune. http://bit.ly/2TzGnzY
Cameron’s $5M + deals of the day – http://bit.ly/2qWXbE0
10th Annual AZ DealMakers – January 11, 2019. Don’t miss out on the BIGGEST homebuilding industry event for real estate forecasting and analysis, featuring the best speakers in the industry, including Meritage Homes Chairman & CEO Steven J. Hilton and Christopher Todd Communities CEO Todd Wood. Plus, Belfiore Real Estate Consulting President & Founder Jim Belfiore provides an Overview on Housing. For the full list of speakers & panelists, along with registration info for Arizona Housing: Growth, Its Costs, Challenges & Opportunities, tap on! http://bit.ly/2LAvclq
