The Dealmaker: 10/29/2018

Seeking Family Lawyer (2-5 years). Rose Law Group is looking for an attorney with 2-5 years of experience practicing family law to add to their Family Law Team. Ideal candidate is smart, confident, proactive, and has strong written and verbal communication. Please send resumes to Hopi Slaughter at hslaughter@roselawgroup.com.

Developer to begin work on 310-acre residential community in Avondale.Situated “roughly” between 107th Ave. & Avondale Blvd. and Broadway & Southern, Verde Trails MPC from Harvard Investments will include 847+ homes, “commercial parcels, themed parks and an extensive trail system.” Rendering and rundown in this PBJ paywall piece. http://bit.ly/2D9Is0j

Maracay breaks ground on Lakes at Annecy in Gilbert. “Mayor Jenn Daniels, Vice Mayor Brigette Peterson and other special guests joined Maracay President Andy Warren and company leaders” to celebrate the start of construction on The Lakes at Annecy, “a partially developed master plan community that fell dormant during the recession.” AzBigMedia. http://bit.ly/2Q2o7wL

2 more big projects aimed at downtown Mesa’s overhaul. Chicanos por la Causa “is emerging as an important player in the redevelopment of downtown Mesa, with plans to build two significant projects” — garden condos plus a mixed-use development — “along Main Street and the Metro light rail.” East Valley Tribune. http://bit.ly/2SucCA3

“DEVON? WHAT’RE YOU DOING HERE!?!” – Phoenix capitalizing on the California real estate exodus. The “punishing housing costs, high taxes, and constant threat of natural disaster have all become too much.” So CALIFORNIANS  are “making their escape to areas such as Boise, Phoenix, and Reno, Nev., fueling some of the biggest home-price gains in the country.” Bloomberg via Builder. http://bit.ly/2PqYpVM

With Tucson’s student-housing market booming, complex sells for nearly $112M. As one industry analyst puts it, “All of the big investment players are circling Tucson.” That includes “New York-based Blackstone Real Estate Income Trust Inc.” which “paid $536,780 per unit to acquire The District on 5th, a 208-unit complex at 550 N. Fifth Ave.” Arizona Daily Star. http://bit.ly/2AzaDDi

Where a down payment goes the furthest. Arizona ranks among top 10 states with the highest down payments (by percentage). LendingTree did the study. Builderhas the results.—> http://bit.ly/2qgSjZV

Cities cracking down on private-home rentals. While the 2016 “Airbnb” law “prohibits cities from regulating rentals, it does allow them to step in when it comes to safety, noise, parking and neighborhood nuisances.” However, many “cities and towns are still trying to catch up.” AZCentral reports on some of the “tweaks” these municipalities are making. http://bit.ly/2COd5Yo

Don & Charlie’s steakhouse to become new boutique hotel in Scottsdale.“City Council unanimously voted to rezone the land last week, allowing for a boutique hotel with approximately 181 rooms.” The new hotel, also called Don and Charlie’s, “will feature an updated version of the restaurant” — but it won’t be quite as big as it was. AZCentral. http://bit.ly/2Az4tTH

SURPRISE PACKAGE – SeaCa Packaging breaks ground on manufacturing facility in Surprise. The company, which “specializes in polypropylene carton manufacturing,” is expected to open the plant in early 2019. “With plans to hire for 65 phase one jobs, this facility anticipates a $17M capital investment into Greater Phoenix.” AZRE. http://bit.ly/2ESxgXT

Mountain View Medical Center to get a facelift. “The current medical center [on the SEC of Tatum and Shea] was built more than 30 years ago, and the surrounding area has since seen extensive renovation. With that in mind, the owners are determined to redevelop their 9.79-acre property…” Details and rendering at AZBEX. http://bit.ly/2za1gbB

Energy delivery company chooses Cochise County expansion location.“Texas-based Kinder Morgan will construct the [$40 million] facility next to its existing Willcox Compressor Station, located on Arzberger Road. The decision followed an extensive public outreach process, which included input from the nearby vineyards…” Arizona Business Daily. http://bit.ly/2EPLHMb

Scottsdale Polo Party In Less Than Two Weeks – http://bit.ly/2PvJyJM

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 Meritage Homes Chairman & CEO Steven J. Hilton and Christopher Todd Communities CEO Todd Wood. Plus, Belfiore Real Estate Consulting President & Founder 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! http://bit.ly/2LAvclq 

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

[OPINION] Don’t boot these judges for doing their jobs. The Arizona Supreme Court “tossed out” a “proposition to soak the rich for more education funds” on Friday. Ricochet editor-in-chief and AZCentral contributing columnist Jon Gabriel explains why, in the wake of that ruling, every Arizonan should “vote to retain” justices Clint Bolick and John Pelander. http://bit.ly/2OYHRVJ

Many Arizona politicians move behind the bench as JPs, extending careers and boosting pay. There are “eight former legislators and city council members who currently serve as justices of the peace or are running for the position.” Who’s made the leap from lawmaker to JP? What’s required and how much can you rake in? AZCentral takes a look. http://bit.ly/2Pydrca

ESPN report: Convicted agent talked with Sean Miller, planned to pay Rawle Alkins. “Aspiring agent Christian Dawkins wrote of a plan to pay UA standout Rawle Alkins and his family $50,000 while he played for Arizona last season, ESPN reported in a lengthy story posted Sunday night. The report also linked Dawkins to UA coach Sean Miller via phone records.” AZCentral. http://bit.ly/2JofVoi

Time running out for tax law change. “Elected officials will have to decide soon whether Arizona should make the same changes in what’s deductible as Congress did earlier this year… [T]he financial hit to Arizona taxpayers could depend on what they do — and how they do it.” A Cap Media Services/Howard Fischer report in Arizona Cap Times. http://bit.ly/2OdyX1q

The digital gap between rich and poor kids Is not what we expected. “It could happen that the children of poorer and middle-class parents will be raised by screens, while the children of Silicon Valley’s elite will be going back to wooden toys and the luxury of human interaction.” The New York Times. http://bit.ly/2CLv15T