Custom Professional Services
DPFG provides custom professional services for the real estate development community. The firm prides itself on being able to obtain relevant facts surrounding each transaction and properly advising clients based on such information. The consultants at DPFG help our clients navigate the development and construction process in a timely and cost-efficient manner.
DPFG is primarily a transaction-oriented firm that specifically focuses on the real estate industry. The firm breaks down each transaction into four basic stages, as follows:
News and Updates
|Critics call Tucson's proposed impact fees excessive and illegal|
Critics of the city’s proposed new development impact fees say the increases are excessive and the revisions illegally allocate spending in the wrong places.
Tucson currently collects impact fees on all new development, but it will be forced to stop on Aug. 1 after failing to meet the deadline for adopting a state-mandated update on how it charges and spends the money.
On Monday, the City Council held its first public hearing on the new fee proposal, which it hopes to have in place by the end of the year. The city stands to lose about $3.2 million over the four months it will take to get the new fees in place.
Homebuilder groups said the city’s proposed changes need more work.
Among the biggest problems is where the city plans on spending the money it collects, said Carter Froelich, managing principal at DPFG, a Phoenix-based consulting firm hired by the Southern Arizona Home Builders Association.
|Council pursues plans for Oak Creek PID|
City Council is advancing with a development concept new to the city—a public improvement district—for the Oak Creek project southwest of San Gabriel Parkway and US 183.
Oak Creek consists of 145 acres that are planned for 446 single-family houses and 106 townhomes. The development would also include 48 condominium units in a gated community that would not qualify for the PID, PID consultant Rick Rosenberg told City Council on June 6.
A PID is a special district authorized under Texas law and is intended to finance a development’s public portions—such as roads and water and sewer lines—that can later become city property. After a PID is established, a city council can issue 30-year PID bonds but pledges no city revenue toward the project, Rosenberg said.
|Homebuilder Confidence in U.S. Climbs as Outlook Improves|
Confidence among U.S. homebuilders improved in May for the first time in five months as buyers rush to take advantage of near record-low mortgage rates.
The National Association of Home Builders/Wells Fargo index of builder confidence rose to 44 from a revised 41 in April, the Washington-based group reported today. The median forecast in a Bloomberg survey called for an increase to 43. Readings below 50 mean more respondents said conditions were poor.
|South Atlanta Pushes for Community Improvement District|
Hoping to strengthen the economic vitality of the Camp Creek corridor, several leaders from Southwest Atlanta, as well as East Point, College Park and Fulton County, want to create a community improvement district.
The aim is to lure more retail and the logistics-related businesses, according to a recent report in the Atlanta Business Chronicle.
Such entities, or CIDs as they're called, are created when businesses agree to raise money by taxing themselves, with those monies going toward improving infrastructure and boosting economic development.
|Sacramento City Council Approves Arena Term Sheet|
The Sacramento City Council voted 7-2 to approve a financial term sheet to build a new $447.7 million sports and entertainment arena in downtown Sacramento on Tuesday night.
The City Council’s decision paves the way for the usage of the city’s parking operations. In reference to the term sheet, $258 million would be used to finance the project. $189.7 million is to be paid by an investor group led by billionaire Ron Burkle.
DPFG Service Areas
DPFG's primary service areas are Arizona, California, Nevada, Idaho, Texas, North Carolina, South Carolina and Florida however, DPFG's services are also available to assist the real estate communities in Colorado, Georgia, Hawaii, Maryland, New Mexico, Oregon, Tennessee, Utah, Virginia and the State of Washington.