The Dealmaker: 3/5/2018

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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

 

 

 

 

IS THERE A D.R. IN THE BIG HOUSE? – New Casa Grande homes coming to Cottonwood Ranch, Mission Royale. “D.R. Horton purchased 312 lots in Cottonwood Ranch and 154 lots in Mission Royale. In both locations, home buyers will have an opportunity to choose from different floor plans with varying external elevations.” View 15 elevation renderings, plus get info on home sizes and pricing, at Casa Grande Dispatchhttp://bit.ly/2FUduIf

87-acre healthy mixed-use campus planned. “Healthcare giant HonorHealth is seeking approval for a [PUD] from the City of Phoenix to create Sonoran Crossing, an 87-acre, hospital-anchored, mixed-use wellness campus [‘at the NEC of Interstate 17 and Dove Valley Road’] that will ultimately include office, retail and residential components as well.” Details on the “Development Components” at AZBEXhttp://bit.ly/2oR1PSd

Bids hit $18.5 million in Phoenix Indian School land auction. “The federal government owns the [’15 acres’] and opened bidding [‘at $11 million’] in February. So far, there have been 25 bids from six different undisclosed bidders.” (But youknow who you are.) More on what one realty specialist calls a “unique opportunity of unimproved land ready for development,” in PBJ (Subscriber Content). http://bit.ly/2D0tGES

A GLOOMY ‘NOEL’ – Homebuilders not happy with Trump’s new steel and aluminum tariffs. The tariffs “could not have come at a worse time,” says NAHB Chairman Randy Noel. Read Noel’s full statement in World Property Journalhttp://bit.ly/2D2eBCx

Data center to be built in Mesa’s Elliot Road tech corridor. “[EdgeCore Internet Real Estate] has chosen Mesa’s Elliot Road Technology Corridor as the site of one of its first projects.” East Valley Tribune reports that the project is a “major win for Eastmark,” as the “campus will be within the Eastmark development just west of Apple’s global operations center at Elliot and Signal Butte…” http://bit.ly/2oPksGe

Peoria City Council approves rezoning for Marriott hotel. “The existing [PAD] did not allow for a hotel. The developer plans to build a ‘dual brand’ hotel” — “a Marriott Townplace Suites and Fairfield Inn”’ — “in one four-story building.” The “198-room” hotel would be located on a “3.3-acre site on the [S.W.] corner of Paradise Lane and 75th Avenue.” Peoria Times. http://bit.ly/2I7rjUj

New car dealership coming to Rivulon. “Autobahn Properties, LLC, through Nationwide Realty Investors, LTD, recently sought approval from the Planning Commission/Design Review Board on the site plan for a new car dealership [on 4.59 acres’] at the SEC of Gilbert and Pecos… Staff notes [the] proposed design should blend well with the Volvo Dealership in close proximity to the south.” AZBEX. http://bit.ly/2H92MNn 

Two cases before Apache Junction appeals board. The AJ “Board of Adjustment and Appeals is to discuss two items” at an upcoming meeting.  One item is an “appeal of the zoning administrator’s decision by Bambi Johnson, represented by Adam Martinez and Thomas F. Galvin Jr. of the Rose Law Group….” Pertinent details at Apache Junction Independent. http://bit.ly/2oRtCCf

Experts: CRE investment market will remain strong. “Greater Phoenix experienced its largest investment transaction on record during 4th quarter of 2017.” Per a 2017 Q4 Greater Phoenix Investment Report by Colliers International, the “market is expected to maintain momentum throughout 2018.” Report highlights at AZRE. http://bit.ly/2D1wy4a

A DAM GOOD JOB! – AZ joint venture project earns national award.  “Sundt/Rummel, A Joint Venture, has earned The Associated General Contractors of America’s ‘2018 AGC Marvin M. Black Excellence in Partnering Award’ for its work” rehabbing a “White Tanks Flood Retarding Structure” in Buckeye. Arizona Dept. of Water Resources “had named White Tanks as having the highest risk in Arizona… To ensure maximum flood level protection the dam needed to be raised two feet.”AZBEX. http://bit.ly/2oR3vuZ

Greater Phoenix Chamber highlights transformation of downtown. This news brief at Arizona Business Daily highlights a recent article on the  Chamber’s website — “10 Reasons Downtown Phoenix is THE place for business growth” — in which the “Chamber cites data that tracks businesses’ $5.03 billion redevelopment investment in the Downtown Phoenix area,” an infusion that has “helped transition downtown from a strictly business area to a growing urban cultural center…” http://bit.ly/2FdlhUd 

Movers & shakers define Old Town Scottsdale evolution. “Business leaders and city officials gathered at [SCC] for a panel discussion to describe the changing face of Old Town Scottsdale… [T]he Issues & Experts forum included Scottsdale City Manager Jim Thompson, President of Spring Creek Development Carter Unger, Scottsdale Charros member Rick Carpinelli and Macerich Senior Vice President of Real Estate Services Scott Nelson.” Moderating was Scottsdale Independent Managing Editor Terrance Thornton, so, naturally, he has coverage. —> http://bit.ly/2H6eaJM 

Peoria achieves 3-STAR Community rating. “[T]he 69th city in the nation to receive recognition from STAR Communities for its participation in the STAR Community Rating System, which evaluates the livability and sustainability of U.S. communities.” Mayor Cathy Carlat: “We are thrilled to be recognized as a leader in sustainability…” See which “efforts stood out among Peoria sustainability initiatives,” in Peoria Times. http://bit.ly/2oKapDl

Weise to host Avondale’s State of the City. WestValleyView reports that “Mayor Kenneth Weise will highlight last year’s accomplishments, including the city’s development and redevelopment successes. The city will also highlight companies whose contributions and stories embody Avondale as ‘aspiring, achieving and accelerating.’ ” For more info on the upcoming event, tap to it: http://bit.ly/2tmjU0i

Surprise Stadium is ranked top spring training spot in Arizona. The City of Surprise official website reports that USA Today “conducted a study of online fan reviews to create scores for all 23 spring training stadiums in four areas: facility; family friendliness; food; and fan experience.” The newspaper ranked Surprise Stadium “No. 1 Spring Training Stadium in the state.” Access the full report at Arizona Business Daily. http://bit.ly/2oQNKUZ

Top 10 historical & archaeological sites around Maricopa [VIDEO].“Maricopa Historical Society Vice President Denny Hoeh share[s] his top 10 historically-significant sites that contribute to the rich and diverse social tapestry around Maricopa.” Says Hoeh, “We all like our… stories that we have grown up with… but it’s nice to go to these places and see… some of the artifacts and some of the information that we might have missed in the folklore.” InMaricopa. http://bit.ly/2tlCrJY

Historic Superior smelting complex to be demolished. “The smelter complex was built in the 1920s by Magma Copper, which began mining the area in the early 1900s and operated for most of the 20th century.” Why Resolution Copper is leveling the stacks and what residents can expect when they come tumbling down, at PinalCentralhttp://bit.ly/2oJh2po

No incumbents running for three Flagstaff Council seats; mayor seeking reelection. “All three incumbents… whose seats are up for reelection — Eva Putzova, Scott Overton and Celia Barotz — confirmed… they did not intend to seek reelection… Mayor Coral Evans has announced she will seek reelection…” Curious about who may be running for the “three available council seats”? Arizona Daily Sunnames names. http://bit.ly/2FpkUVV



As a supplement to the Dealmaker, we thought you might enjoy these articles!

The Arizona Legislature wanted to build a border fence. Here’s where the money went. In 2011 “lawmakers invited private donors to fund fencing for the state’s… border with Mexico,” but the fund “closed last year having accumulated less than $270,000. So legislators instead allowed… four border county sheriffs to bid for the funds.” How did Cochise County, “the sole bidder,” put the funds to use? Find out in AZCentral. (RELATED: “A 2,000-mile journey in the shadow of the border wall,” in USA Today.http://bit.ly/2FWfcsC

Regents push back over AG’s tuition-setting challenge. “Lawyers for the Board of Regents told a judge Friday that [AG] Mark Brnovich has no legal right to challenge the tuition the board sets for the state’s three universities.” Capitol Media Services’ Howard Fischer reports that what’s “[h]anging in the balance is the claim by Brnovich that the regents have ‘dramatically and unconstitutionally’ increased the cost of going to one of the state’s three universities” — in Arizona Daily Star. http://bit.ly/2ti7Flh

Republicans again trying to control when city elections are held. Republican legislators are making another bid this coming week to tell local governments when they can have their elections. But House Speaker J.D. Mesnard contends that this time lawmakers will convince [the Arizona Supreme Court] to let them do what they want.” A Howard Fischer report in PinalCentral. http://bit.ly/2I6Dj8q

Bill changes how much lobbyists must report when they spend on legislators. “[SB1118, sponsored by Sen. John Kavanagh] would change the reporting rules by requiring that only the fair market value of the food, beverage and other tangible benefits received by the state officer or employee is reported. Currently, reportable expenditures are based on the total expenditure incurred by the lobbyist for the benefit of the organization hosting the event.” Paulina Pineda explains in her report at Arizona Capitol Times. (Subscriber Access). http://bit.ly/2Fb0noO

Waiter, my soup is cold: From the Rose Law Group Reporter Growlery.Senior Reporter/Writer Phil Riske shares a few of his food-ordering epic fails. Funny stuff, clearly illustrating a foodie Phil is not, at least not the snobbish kind. http://bit.ly/2H6vMp8

Baldwin returns to ‘SNL’ as Trump flip-flopping on gun-control Bonus video: Actress playing Hope Hicks appears on “Weekend Update.” WATCH both “SNL” segments in Rose Law Group Reporter. (Also available, this RELATED item from ROLL CALL: “Trump to NBC: Replace ‘Alex’ Baldwin With Darrell Hammond.”) http://bit.ly/2FnG0nM

Estrella Bolsters Home Builder Portfolio With Courtland Communities Debut Read more

Rosewood Homes earns 6-Awards at 22nd Annual Elliant Homebuyers Choice Awards Read more

Multifamily Rental Rates on the Rise in Greater Phoenix Read more

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