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
Plan to turn Valley dairy farms into 1,100-acre residential community moves forward. (Disclosure: Rose Law Group represents Hawes Crossing.) PBJ reports on recent municipal action concerning Hawes Crossing, the “1,200-acre mixed-use development that is expected to create 55,000 jobs in Mesa.” (Subscriber Content). http://bit.ly/2PLk9LQ
Election Day. Today is Election Day in Scottsdale where voters will decide whether to invest $319 million in 58 projects via bond Questions 1, 2 and 3. A closer look at the election and what it could mean for the city, in RLGR. http://bit.ly/32kTyIa
Offerpad names former Phoenix real estate, tech exec as new CFO. Mike Burnett, former exec VP and CFO of AV Homes, has been tapped as Offerpad’s next CFO. More on CFO Burnett in PBJ. http://bit.ly/36BJuxA
New Village Homes gets approval in Chandler. The rezone paves the way for a residential development called La Valencia to be located at Lindsay and Riggs. Reporter Mike Sunnucks files a quick read on the project in RLGR. http://bit.ly/2pN9N3g
Desert Mountain sees real estate youth movement. Let’s call this a Desert Mountain update, with a focus on features that have the 55-and-under crowd flocking to what can no longer be referred to as simply a “retirement community.” AZ Business Magazine. http://bit.ly/2oNY97S
New vs. used in housing. NAHB Chief Economist Robert Dietz examines “the gap between median prices for new construction and existing single-family homes” — how it has expanded and why shrinking it is “crucial.” Builder. http://bit.ly/2ChzYlk
Jim Cramer digs into home builder stocks [VIDEO]. “Jim Cramer of Mad Money on CNBC likes the home builder sector and offers his take on which companies might perform best.” WATCH in Builder. http://bit.ly/2oLeuds
Here are the latest additions to Eastmark Great Park in Mesa. If you’ve got an active (or timid) dog, dig volleyball and/or have a jones for hoops, then you’re gonna love what’s new in the $7.6 million, third-phase expansion of Eastmark Great Park. AZCentral. http://bit.ly/2PNGJn2
Pollack: A heck of a week! “A significant portion of the data released either exceeded expectations or indicated strength,” reports The Monday Morning Quarterback, who huddles up with data snapshots that include: U.S. • Job Growth & Remarkable Revisions • FED Activity • Consumer Confidence • HPI. AZ • Sky Harbor • Home Prices & Ownership Rates. http://bit.ly/33k5ACT
RLG HIRING: Rose Law Group is seeking a receptionist for our fun, fast-paced firm that offers opportunities for advancement.http://bit.ly/2UgnCCk
As a supplement to the Dealmaker, we thought you might enjoy these articles!
Lawsuit over Payson recall could settle quirk in election law. To force a recall, a formula must be used based on the ‘last preceding general election.” But how can the formula be calculated “if it’s been years since the last general election for an office? An attempted recall campaign against Payson Mayor Tom Morrissey may finally provide an answer.” AZ Mirror. http://bit.ly/36xV5xX
Rodney Glassman raising cash for official who could vote to appoint him assessor. Former Tucson Councilman Rodney Glassman “plans to hold a fundraiser for Republican Maricopa County Supervisor Jack Sellers.” Can you say “conflict of interest”? New Times can. http://bit.ly/2PSVwwH
County supervisors unanimously appoint extremist who called Latino lawmakers ‘illegals’ to GOP post. “[Jennifer] Harrison, the leader of the right-wing extremist group AZ Patriots, was appointed to a precinct committeeman post in April.” AZ Mirror is reporting on it in November. http://bit.ly/2qp3Rxs
More than half of Arizona students fail AZMERIT test. And English is one of the big reasons why, with two schools in Phoenix notching the “lowest passing percentages.” And, in what comes across as an attempted wisecrack about that lack of English proficiency, Downtown Devil reports that both those schools were “unable to comment” about the test results. http://bit.ly/34xvkvB
