The Dealmaker: 9/19/2018

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





Pinal, Casa Grande officials excited about Lucid announcement.(Disclosure: Rose Law Group represents landowners who helped make this project a reality.) Gov. Doug Ducey touts it as a “Major win for Pinal County.” Casa Grande City Manager Larry Rains and Pinal County Economic Development Manager Tim Kanavel are both pumped as well, over news of Lucid Motor’s $1 billion funding agreement with Public Investment Fund of Saudi Arabia. Catch the enthusiasm in Casa Grande Dispatch

HEIGHT MATTERS – Stipulations for PHX Country Club. Phoenix Country Club and Sunbelt Holdings want “to build luxury residential condominiums on the NEC of 7th Street and Thomas.” Good location for the proposed high-rise condo project? Read about it at AZBEX.

Developer of tiny rental homes expands in Mesa, Goodyear and Phoenix. Also, NexMetro Communities is “currently buying land in Florida for its first rental-home project in that state.” AZCentral real estate reporter Catherine Reagor takes a look at NexMetro’s Avilla rental developments here in the Valley. Includes a 12-image SLIDESHOW of the tiny rentals.

Housing, food hall for revitalized Tempe. The mixed-use from Miravista Holdings “just east of Tempe Marketplace,” would “consist of 260 one- and two-bedroom apartments, a clubhouse and a ‘Food Hall.’ ” AZBEX reports that this “Food Hall, a “restaurant/retail combo,” would be “unlike anything found in Tempe today.”

Creighton University to open four-year medical school in Phoenix. “The new medical campus will be on the old Park Central Mall property on the northwest corner of North Central Avenue and West Catalina Drive…” AZCentral reports that the “soon-to-be-built” campus is part of Nebraska-based Creighton University’s “$100 million expansion into midtown Phoenix.”

Hampton Inn proposal approved by Cave Creek Planning Committee.“The proposed Hampton Inn near the intersection of School House Road and Cave Creek… will have 115 rooms and 24 casitas. It will also have two swimming pools and a pad for a 4000 square foot restaurant.” Rendering and further project details, including info on construction costs, in Sonoran News.

A SINKING FEELING – Millennium Tower’s window cracks spark new inquiries. “Cracks in a window at the 36th floor of the beleaguered Millennium Tower in San Francisco has launched a new round of inspections and engineering evaluations of the high-rise, which has been leaning and sinking since it opened in 2009…” ConstructionDIVE.

Farmers thought they had 20 years to use groundwater as they wished – maybe not anymore. “[A] landmark court ruling could force many farmers to curb their groundwater consumption much sooner than [they expected], landing like a bombshell in the contentious world of California water.” The Sacramento Bee.

Demand for renewable energy drives the need for copper. “From modern luxuries to renewable energy to the integrity of our national security, copper is one of Arizona’s most valuable export industries and commodities.” And as AzBigMediapoints out in its report on “this most precious of metals”: “If copper is king, think of solar in Arizona as its queen where renewable energy is concerned.”

One Valley city named a best place to live in U.S. Money Magazine has  slotted one West Valley city at No. 29 on its list of “the best places to live.”  This city was selected because of its “high graduation rates, modest home prices and booming area job growth forecasts.” So which West Valley city made the list? HINT: PBJrecently named it “one of the potential hot spots for the housing market in the future.” Tap on for the big reveal.—> 

Cameron’s $5M + deals of the day –

10th Annual AZ DealMakers – January 11, 2019. Don’t miss out on the BIGGEST homebuilding industry event for real estate forecasting and analysis, featuring the best speakers in the industry, including Rose Law Group founder and president Jordan Rose and Lennar division president Alan Jones. Plus, Belfiore Real Estate Consulting president Jim Belfiore provides an Overview on Housing. For the full list of speakers & panelists, along with registration info for Arizona Housing: Growth, Its Costs, Challenges & Opportunities, tap on! 



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

[COLUMN] Sen. Jeff Flake throws Brett Kavanaugh’s accuser under the bus. “Flake has been talking tough about Trump and about doing the right thing for a long, long time. He did it again when the accuser came forward against Kavanaugh. But that’s all he did… Talk. Just. Talk.” <—That is the view expressed by EJ Montini who writes. Just writes. In this, his latest OPINION piece. At AZCentral

Grijalva debate gets racial, nasty. The issue of immigration and border enforcement weighed heavily in the televised debate between congressional hopeful Nick Pierson and incumbent Rep. Raúl Grijalva. Also weighing heavily was Pierson’s charge that Grijalva is “not a good example of a Mexican-American.” A Cap Media Services/Howard Fischer report in Arizona Capitol Times

Governor, lawmaker have sights on charter school changes. “For the moment, though, [Gov. Doug Ducey] has no specific suggestions. And he remains convinced that the private schools, which in Arizona can be operated as for-profit entities, remain an ‘innovation.’ But others already are moving ahead.” By Howard Fischer at Arizona Capitol Times.

Supreme Court move could spur more dark-money disclosure. “The ruling invalidates, at least temporarily, a decades-old regulation that allows dark money groups to shield their donors.” POLITICO reports that the “court’s unexpected action quickly set off a scramble among Washington operatives…”

WINNING A BAR FIGHT – Court: Bartenders, waiters entitled to higher pay for non-tipped work. “A federal court reinstated lawsuits by waiters and bartenders in Arizona who claimed that they should be paid minimum wage for time spent on tasks that do not generate tips, which are exempt from the minimum-wage law.” Cronkite News.

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Cameron’s $5M + deals of the day

Cameron Carter, Director of Rose Law Group’s Transactional Real Estate Department, thinks you need to know about these transactions in Maricopa County. Price: $27MBuyer:  Tides on 19th Partners, LLC

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September 2018