The Dealmaker: 2/2/2017

Park West sold for nearly $34M, bought by San Diego-based company.  “[The] 46-acre mixed-use center at the [NW] corner of Loop 101 and Northern… was sold by Park West, LLC and Dallas-based Howard Hughes Corp…. to San Diego-based CIRE Investments…” Frankly, this report in YourWestValley is pretty bare-bones as far as deal-coverage goes. A once- over may have you wondering: Is that all there is?!? However, your tune may change if you glance column-left and peruse the details for four other properties “[o]n the the market in Peoria.” http://bit.ly/2kWsspz

Paradise Valley evaluates future of public parcels. (Disclosure: Rose Law Group represents a property owner with interests relating to a town identified parcel.) “39 parcels… just over 53 acres…The acreage is made up of various right-of-ways, Town Hall, two fire stations, a Barry Goldwater Memorial and two plots of land on Mummy Mountain.” Mayor Michael Collins: “We thought it was a good time to engage our community with just how these properties should be used going forward.” Head to Paradise Valley Independent for some of the ideas that council members kicked around. http://bit.ly/2km6YiJ

AN IMPACT STUDY’S IMPACT – Residents call city freeway impact study too little, too late. Last week, the city announced plans to “study… the impact of traffic that the South Mountain Freeway’s construction is expected to divert from Pecos Road.” In this report from Ahwatukee Foothills News, neighbors question the study’s timing, city officials weigh in on the impact-study’s benefits, and transportation officials describe its scope. http://bit.ly/2k4VzFm

Mesa mayor touts ‘explosive growth’ as city population nears 500,000.  “[At] his annual State of the City address… [Mayor John] Giles looked to paint the city as an attractive community for residents, businesses and tourists, pointing to a recent boom in population [‘Arizona’s third-largest and No. 38 in the nation’!], development [‘Apple’s massive data center and the Union Brickyard… project’], and hotel bookings [‘50 percent… increase… in 2016’].” For coverage of the mayor’s address (which includes much more ‘touting’), click to AZCentral. http://bit.ly/2kuDyBv

Oasis residents settle suit against their HOA. “Residents [of Oasis at Magic Ranch, on Hunt Highway between Florence and San Tan Valley] complained that at the association’s last two annual meetings, D.R. Horton home builders submitted a bloc of votes to swing the election, and they sued to have the builder’s 2016 votes thrown out.” Details on the suit and what prompted the settlement in Pinal Central. http://bit.ly/2k54NkT

Single-family construction spending picked up in December. “[U]p 4.2 percent compared to December 2015. The total for 2016… was estimated at $1.2 trillion, a 4.5 percent increase over… 2015.” However, it’s “[m]ultifamily spending [that] remains the star,” according to this report in Mortgage News Daily.  If you’re curious about these multifamily numbers, or if you’d like to see spending figures for office, transportation, communication, and manufacturing construction, then navigate through—> http://bit.ly/2jBwnri

Cameron’s $5M + deals of the day – http://bit.ly/2k0rNPC