The Dealmaker: 1/30/2017

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.

South Scottsdale debuts branding, revitalization efforts. But will they work? And what does the city’s new hummingbird logo have to do with “bridg[ing] the [development] gap between [the McDowell Corridor] and downtown [Scottsdale]”? For answers, zip through to Steve Totten’s report in Phoenix Business Journal. http://bit.ly/2kjVw9p

THE WRIGHT LOOK – Promenade Scottsdale will undergo redevelopment, redesign. “The Promenade, located at Scottsdale… and Frank Lloyd Wright… is set to undergo a two phase facade redesign and redevelopment starting this month…. ‘The design… celebrates the architectural heritage of Frank Lloyd Wright while preserving the spirit of the existing center…’” Get design details and view a post-facelift rendering at AZRE. http://bit.ly/2jvDNrc

Mayor Giles readies agenda for Mesa, focuses on economy, feedback. “[Mayor John] Giles will outline his objectives at the annual State of the City Breakfast on… Jan. 31.” According to East Valley Tribune, in addition to the economy and getting resident feedback, the mayor will also “focus on public safety in the wake of growth… a business-friendly attitude… [and] workforce development that includes a higher number of college grad[s]…” http://bit.ly/2jLeO6W

Pima County leases to Rio Nuevo could insulate against gift clause suits. “Like the one filed by the… Goldwater Institute… alleg[ing] the deal [‘to finance and construct a launch pad and headquarters for the space balloon company’ World View] violates the Arizona Constitution’s gift clause, which… prohibits public bodies from lending their ‘credit in the aid of’ a corporation. Rio Nuevo is exempt from the clause… [and] is able to offer economic incentives and pursue deals… in ways that cities and counties can’t.” Read more in Arizona Daily Star. http://bit.ly/2jOanpn

Interstate 11 study feedback now available. “[ADOT] asked the public and agencies to share their ideas, comments and concerns about the Interstate 11 environmental study from Nogales to Wickenburg [the ultimate… goal is to create a direct interstate link from Tucson… to Las Vegas.]” For a study overview plus a link to the full report,” click to inMaricopa. (Also see the next Dealmaker item.) http://bit.ly/2kMqPGF

Arizonans express opposition to new I-11 freeway. “The 1,326-page report included a variety of comments, some from local municipalities and government agencies likely impacted by the project, [some from ‘an online survey that asked respondents how they’d like I-11 to take shape’].” For a sampling of the responses, nav to Kevin Reagan’s report in Pinal Central. http://bit.ly/2kMq4gZ

Dealmaker BONUS: What is the White House worth? Nearly $400 million, says Zillow. “Were [the White House] to actually be listed on Zillow, it would be the most valuable home on the site.” So how exactly did they come up with this figure and, as Zillow asks, “what can you get for just under $400 mill” — you know, besides a throng constantly milling about right outside your gate, chanting things like “LET THEM IN!” and other such anti-vetting slogans? Click and find out: http://bit.ly/2jvFXXZ

Cameron’s $5M + deals of the day – http://bit.ly/2jvNi9V

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!

Why home selling will never be the same. “With a sudden ferociousness, data scientists are charging into the real estate village, rattling the industry by changing how people sell their homes.” Brad Inman, the “founder and sole owner” of the real estate site that bears his name, examines “what that means for you” — and what it has already ‘meant’ for one Arizona realtor, who shares an experience that he had on OfferPad. http://bit.ly/2kKZ6u7

Arizona’s hotel industry growing faster than its national peers. “[A]ccording to year-end data from the market research firm Smith Travel Research…. Arizona’s hotel industry experienced gains that outpaced the U.S. average in several areas, including occupancy, average daily rate, and revenue per available room (RevPAR).” Get data highlights at ADI. http://bit.ly/2kGWwSt

THE PURLOINED LETTER? – State Election Director denies demanding voters be purged. “Election Director Eric Spencer said Jan. 26 that the Secretary of State’s Office received a letter from another state… requesting additional information about a list of voters. ‘The letter is seeking Arizona’s assistance to help the other state clean up its voter registration rolls,’ Spencer explained in response to the accusations.” So where is that (original) letter now? According to this AZCIR report from Evan Wyloge, “Spencer… and his staff cannot find [it],” and neither can “seven counties the Secretary of State sent the letter to…” Hmmm… Stay tuned. http://bit.ly/2k9z7JF

Real Estate News Releases

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

The Quad Inks Two New Leases as Phase One Nears Completion Read more

46-Acre Mixed-Use Center in Peoria Sold for $34.45 Million Read more

SUBMIT NEWS!
csmith@roselawgroupreporter.com

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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