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
What did you do yesterday? Introducing a brand new weekly feature from RLGR — exclusive “Day in the Life” looks at the busy schedules of some of Arizona’s top real estate leaders. Reporter Mike Sunnucks kicks things off with a peek inside the day planner of happily swamped El Dorado Holdings partner, Chris Grogan. https://tinyurl.com/yy2n5963
Belfiore: What’s disconnecting home buyers from job growth, economic gains. Maricopa County is the fastest growing county population wise in the U.S. But home buyers are still watchful of the economy, politics and interest rates. “We have a confidence issue,” says estate consultant Jim Belfiore. A Mike Sunnucks report inRLGR. https://tinyurl.com/y5x45key
William Lyon Homes beats the street by a penny.(Disclosure: Rose Law Group represents William Lyon Homes.) “Deliveries up, new orders flat, backlog down,” and beating “analyst expectations by a penny per share.” Just “as we expected,” says Matthew R. Zaist, president and CEO. Check out the full earnings report in Builder. https://tinyurl.com/yy89ottd
Lennar’s The Parks in San Tan Valley grand opens.(Disclosure: Rose Law Group represents Lennar.) • Two communities — Arbor and Discovery • Single- and two-story designs • 1,392 to 2,903 sq. ft. • From low $200s • On W. Pinnacle Ridge Dr. • More in SanTanValley.com. https://tinyurl.com/y4jnknk4
Woodside Homes launches new community in Eastmark. (Disclosure: Rose Law Group represents Woodside Homes.) • It’s called Elegance • Single and two-story designs • 2,889 to 4,611 sq. ft. • Up to eight bedrooms • From mid $400s • On E. Strobe Ave. • Read on at AzBigMedia. https://tinyurl.com/y24awopg
$46M luxury apartment development will break ground at Eastmark.Construction will get underway in June on The Premiere at Eastmark, a 216-unit luxury apartment community from PCS Development and RTE2 Builders, located east of Ellsworth on Ray. Renderings and project rundown in AZRE. https://tinyurl.com/y564ay7g
Pulte Home buys Lazy K Bar Ranch in Marana. RED News reports on Pulte’s recent pickup of the Lazy K Ranch property, which is “comprised of 178 platted and engineered lots.” -> https://tinyurl.com/y4ba2glh
Rising home values aren’t a given. Here are 5 metro Phoenix areas where home prices dipped. “Downtown Phoenix, among the handful of areas that saw prices dip last year, is the biggest surprise. But there are reasons for all the price declines.” AZCentral. https://tinyurl.com/yyc7vcuk
Phoenix developer named among Forbes’ top small companies. Congratulations to Evergreen Devco! The developer “has been named one of the top 25 small companies in the U.S. by Forbes.” What policies and practices helped land the company among the magazine’s select group of “small giants”? Find out in PBJ. https://tinyurl.com/yy4cxx9n
How Leib Bolel helped connect Israel, Arizona to spur tech sector.(Disclosure: Rose Law Group represents Airobotics Ltd.) With the launch of the Arizona Israel Technology Alliance, “Leib Bolel is building a bridge between Arizona and Israel to bring in more tech companies” — Scottsdale-headquartered Airobotics among them. PBJ(Subscriber Content). https://tinyurl.com/yxwqbplu
Arlene Chin recommended to fill Tempe City Council vacancy. Chin — a 45-year resident of Tempe, administrator at ASU Foundation, graduate of Tempe Leadership Class 22, and community volunteer — has been selected to move forward for consideration in the process to fill the seat vacated by removal of former Councilmember Kolby Granville. RLGR. https://tinyurl.com/y5ucjunq
PHX East Valley accounts for half of all new jobs in metro Phoenix in 2018. As PHX East Valley Partnership President and CEO Denny Barney puts it: “Healthy job growth and a robust talent pool, plus plentiful land and thoughtful development, are putting PHX East Valley on the map, locally and nationally.” For a look at the numbers tap to AZ Business Magazine. https://tinyurl.com/y2dpmysm
State eager to assist with Cuen House rehab. The “State Historic Preservation Office wants to be a resource for Tom and Lynn Smith as they attempt to save” the Francisco Cuen House, a historic but “badly-rundown little adobe at 11th and Main” in Florence.” KEY QUOTE: “I’ve seen buildings in much worse shape be brought back.” Flo Reminder. https://tinyurl.com/yxs266y6
I-11? ‘We don’t want it’ some residents say. “The route would cut through Avra Valley, then move south of Casa Grande and snake west of Maricopa up to Buckeye. But some residents in the rural areas close to this I-11 corridor are not thrilled about the project.” PinalCentral. https://tinyurl.com/y4vtbkwz
As a supplement to the Dealmaker, we thought you might enjoy these articles!
Click here for 2019 Arizona Legislative News
Robocalls hit 3 million a day in Arizona, but help may be on the way. The number of robocalls has increased “more than 1.4 million a day from just a year earlier.” AZ officials hope the Telephone Robocall Abuse Criminal Enforcement and Deterrence Act will bring that number down. Press one for details. http://bit.ly/2GXZoHK
Billboard slams Sinema as ‘corrupt’ on net neutrality. You can view the billboard along I-17 near 7th St., but why waste gas making the trip or risk an accident by taking your eyes off the road to gawk at it when you can see the sign (and read a report about it) right here in AZ Mirror. -> http://bit.ly/2UV7SDr
THREE DEMS WALK INTO A BARR…Sinema, other moderate Democrats fret they made a ‘big mistake’ backing Barr. “Three Senate Democrats voted for William Barr to be attorney general. Now at least two of them say they might have made a mistake.” POLITICO. http://bit.ly/2VaPtY9
Ethics Committee dismisses complaint against Kern. Rep. Anthony Kern’s “stint as a volunteer deputy with the Tombstone Marshal’s Office” got a big 10-4 from the House Ethics Committee on Wednesday. The story on the complaint against Kern and why it was put in a chokehold, in AZ Mirror. http://bit.ly/2URGZ3j
Bill would allow Arizona attorney general to change words on ballot measures. “Supporters say the change helps clarify the attorney general’s role, while opponents — mainly progressives — fear it would lead to biased descriptions that could sink statewide proposals.” AZCentral. http://bit.ly/2ZSswrF
Water in the West: Snow news may not be good news. GOOD NEWS: “This past winter has brought desperately needed snowfall to a large portion of the American West.” BAD NEWS: A Bureau of Reclamation hydrologist sees it as a one-off. Discover. http://bit.ly/2DLADwF
