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The Dealmaker: 6/13/2018

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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





WELL-WISHES – CAP kills purchase of rural land, water rights for suburban Tucson-Phoenix growth. “The agency that operates the CAP” has voted to stop pursuing “nearly 13,900 acre feet of Colorado River water rights [for Pima, Maricopa and Pinal counties].” It was a “proposed deal” that “sparked vocal and emotional opposition from Mohave County officials and other residents.” KEY well-wishing QUOTE from Thursday’s vote, courtesy of Mohave County supervisor Lois Wakimoto: “We hope you are able to find water… in the three counties you represent.” Arizona Daily Star. http://bit.ly/2LPvVzF

Residential solar storage projects come to Arizona. JLM Energy and N.E.R.D. Power are teaming up for residential use of Phazr, a solar battery that “installs on the roof, directly under the solar panel.” AZ Business Magazine reports that “Phazrs are controlled by JLM’s Measurz software, which directs the batteries to optimize grid applications… providing significant value to solar owners and investors.” READ ON: http://bit.ly/2JJRykb

Mirabella at ASU: The on-campus senior living facility. The “$167 million, 20-story senior living community” is currently under construction at University and Mill. “This facility will mix older adults in with the students and faculty at ASU…” As AzBigMedia notes: “Gone are the places where there’s nothing to do but watch television” — a point driven home all the more by an impressive rendering that kickstarts this rundown of Mirabella. http://bit.ly/2Mqg63s

Banner to build another new hospital. Located on the SE corner of Alma School and Loop 202, the “four-story, 240KSF hospital” will be the first for Banner in Chandler. In addition to serving locals, AZBEX reports that the hospital will also “help fulfill the healthcare needs” of folks in Ahwatukee and Gilbert. http://bit.ly/2yeLfE6

[OPINION] City Hall: Facts about the Crossroads East proposal in Scottsdale. “An opinion published in the Scottsdale Independent” concerning this development near Loop 101 and Hayden “raised many questions.” Economic Development Director Danielle Casey, and Municipal Development Services Director Randy Grant, join forces to supply the answers, in a tag-team, set-the-record-straight response. http://bit.ly/2t2N01b

Suns, Phoenix clash with Goldwater Institute over arena-renovation records. “Deliberations over the Phoenix Suns’ desire for a $450 million renovation of Talking Stick Resort Arena began Tuesday morning at Maricopa County Superior Court.” The dispute centers around the arena as “a government asset” and whether info concerning the makeover must “be open to the public.” Cronkite News. http://bit.ly/2JLHsPX

Continuing to grow: Key projects taking off in 4 southwest Valley cities. “Cities in the southwest Valley are responding to the region’s rapid population growth by investing in infrastructure and amenities… New-and-improved parks and more roads to boost economic development opportunities are among the capital projects in the pipeline.” AZCentral. http://bit.ly/2JQgnhr

From pickleball to bikepaths: What’s in the Tempe budget for you. “City Council on Thursday approved a $492 million operating budget and $191 million in capital expenditures. Much of the capital spending is for infrastructure projects that might not be readily visible to most residents.” AZCentral takes a look a few of the projects that aren’t so out of sight. http://bit.ly/2JIc4S9

Queen Creek public safety costs to swell as assessed property values increase. Budget Director Scott McCarty: “The town is growing in two dimensions… One is the existing property values recovering since the recession or property value peak of 2008-2009. The other is new construction.” During a recent Town Council meeting, McCarty “laid out the increased costs for public safety services this upcoming fiscal year with the increased property evaluations.” Queen Creek Independent has the details. http://bit.ly/2sTiW8P

Paradise Valley town manager tenders resignation. Yesterday, “Kevin Burke announced his resignation from the municipality… ” Paradise Valley Independentlooks at some of Burke’s “accomplishments during his tenure,” and reveals where he’s “reportedly” heading next. http://bit.ly/2sVFOod

Fulton Homes hosts “Stuff the Bus.” “In order to get deserving families prepared for the impending school year, Fulton Homes is donating school supplies via its ‘Stuff the Bus’ campaign. They are partnering once again with KEZ 99.9 for the annual donation drive which runs… to July 15 at Chandler Fashion Center.” Care to contribute? Get further donation details at Arizona Foothills Magazine. http://bit.ly/2JAv49k

Cameron’s $5M + deals of the day – http://bit.ly/2JOt9gC

Don’t miss anything… follow multiple winner of the Arizona Republic’s tweet of the week contest, and Senior Partner at Rose Law Group and Director of RLG Renewable Energy Department, Court Rich. http://bit.ly/Court_RichTwitter 



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


Experts: Trade war with Canada would hurt Arizona businesses, consumers. Glenn Williamson, founder and CEO of Canada Arizona Business Council, gives his take on tariffs, trade relations, and the weekend rant by Trump trade advisor Peter Navarro. (PBJ subscriber content.)  http://bit.ly/2LNkDfa

Testimony: Johnson hired witness to find Pinal candidates against San Tan Valley incorporation.—> As well as “against the proposed Curis copper mine near Florence.” Other highlights from Tuesday’s trial testimony include: Kelly Norton admitting on the stand that “she may have committed tax fraud,” as well as “conced[ing] that she did not produce certain emails to the FBI demanded in a grand jury subpoena.” Capitol Media Services’ Howard Fischer has full coverage in PinalCentral. http://bit.ly/2HMDepf

Suicide: Let’s keep talking. Senior Reporter/Writer Phil Riske is someone who has felt the pain of suicide in an up close and personal way. Here’s hoping that the bit of wisdom and advice he shares within makes a world of difference. (Related: “Every 7 hours, someone in Arizona commits suicide” and “Q&A with Stacy Brimhall, founding partner of Langley Properties.”) http://bit.ly/2HKbSAf


Christopher Todd Communities recognized nationally for giveback program Read more

Declining vacancy spurs new developments in Phoenix office market Read more

Rosewood Homes awarded “Small Volume Builder of the Year” at the 33rd Annual Phoenix metro Mame Awards  Read more

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