The Dealmaker: 11/14/2016

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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.
Back to the drawing boards in hunt for Scottsdale city manager. “City council members interviewed three applicants Thursday… but declined to make a selection… Instead, the council ordered its recruitment firm… to find more candidates while retaining the three current finalists for further consideration.” Scottsdale Mayor Jim Lane gives us his take on what’s behind the 18-month “void” in the city manager position, and Barrett-Jackson CEO Craig Jackson weighs in on this “holding pattern” and the impact it’s having on investment — at AZCentral

LOOK WHO‘S PAYING FOR PARKING – Glendale may pay $14M to end parking feud with Arizona Cardinals. “Glendale is required to provide 11,000 parking spaces for NFL games and other events at University of Phoenix Stadium… But when Glendale allowed the development of Tanger Outlets mall and a 2005 condominium project, about 5,100 parking spaces near the stadium were eliminated.” What land purchases by the city led to the “proposed settlement agreement” and when does the city council plan to vote on it?  Find out at AZCentral.

MESA GIVES IT ‘THE OL COLLEGE TRY’ Mesa voters nix funding, new ASU campus. The measure to increase the sales tax “from 1.75 percent to 2.15 percent” would have funded the ASU campus at the Mesa Arts Center. A rather blunt announcement by the city on the measure’s failure reads in part, “Question 1 did not pass; the voters did not approve funding for this project. Therefore, pursuant to Arizona Revised Statute §34-603 (i), this project is being cancelled.” Details on “what might have been” in Roland Murphy’s report at AZBEX.

Queen Creek P&Z OKs site plan for meetinghouse, Sossaman Estates.(Note: Planning Commission member Chris Webb is the Director of Rose Law Group Project Management Department.) “The 16,558-square-foot Sossaman Estates meetinghouse for the Church of Jesus Christ of Latter-day Saints will be on a 5.6-acre site about 750 feet north of the northeast corner of Queen Creek and Power roads in Queen Creek.”  Project details and artist renderings at Queen Creek Independent—>

Rio Nuevo chairman: ‘This is our most productive time.’ Chairman Fletcher McCusker: “[D]eveloper and equity partners have new skin in the game and the buzz about downtown [Tucson] has been featured recently in The New York Times, USA Today, American Airlines Magazine and The Smithsonian Magazine. This is our time and people around the world are noticing…” Real Estate Daily Newshas details on several upcoming projects, including “the new Caterpillar headquarters building,” and $19- million in “iconic restorations” to “The Chicago Store, the Arizona Hotel, the Brings Chapel on South Scott, and 123 South Stone…”

SMOKE IS A BREATH OF FRESH AIR – Postelection prescription: Stay calm and keep buying homes.  Countering all the post-election doom and gloom,’s chief economist Jonathan Smoke explains why “[n]et, net, [he’s] optimistic about the country’s economic prospects under President Trump — [just] as [he] would have been under a President Clinton.”

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!
[OPINION] Goldwater: Where does my party go after Trump? Look to the sun. In his column for Scottsdale Independent, former congressman Barry Goldwater Jr. urges the Republican Party to “embrace innovation, from rooftop solar power to self-driving cars.” Doing so, he argues, “has the power to help unite, excite, and hopefully grow the Grand Old Party into something new, fresh, and future-focused.”

GOT FARMLAND? – Buckeye family adapts to Arizona’s shrinking farmland.“[L]ongtime dairy farmers… David and Jerry Kerr [are] primary witnesses to the decrease in farmland [and] fear for Arizona’s agricultural future. The Kerr brothers’ nephew, Wes Kerr, feels differently. He believes new efficiencies and technology mean farmers can do more with less land.” Cronkite News looks at what these “generational differences demonstrate” about “the changing nature of farms in Arizona…”

Can libel laws be changed under Trump? “When Donald J. Trump said in February that he would ‘open up our libel laws’ if he became president to make it easier to sue news organizations for unfavorable coverage, the declaration sent shock waves through the media world. But could he actually do it? The simple answer is yes, but it would be complicated.” New York Times media columnist Sydney Ember looks at “two potential ways” he could pull it off, plus Rose Law Group litigation attorney Evan Bolick, who, among other things, handles matters concerning internet and cyber-defamation law, weighs in on how “it is a truly daunting task, if not wholly impossible, to strengthen defamation laws in our country.”

Newsmaker BONUS: Kate McKinnon as Hillary Clinton sings Leonard Cohen’s ‘Hallelujah’ on ‘SNL.’ The Huffington Post calls McKinnon’s cover of Cohen’s song, “an exquisite rendition.” Click through to view her cold-open, plus watch an “election-night” sketch featuring host Dave Chappelle and former Saturday Night Live cast-member Chris Rock, both of whom mock the shocked reactions of fellow partygoers as election results roll in.

Partnership with Coyotes announced for the ASU Athletic Facilities District Read more

Tempe Biotech Campus Marketing Assignment Awarded to Cushman & WakefieldRead more

Renaissance Square wins The Outstanding Building of the Year Award Read more

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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November 2016