The Dealmaker: 12/21/2018

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





The latest developments on Talking Stick Resort Arena renovations. (Disclosure: Rose Law Group represents the Phoenix Suns.) Everything you wanted to know about the current status of the city-owned Talking Stick Resort Arena renovations — “Arena-related economic information, a F.A.Q. section and documents dating from the inception of the facility in 1989 to the latest proposed agreement.” The latest: “The City Council will review the proposed agreement on January 23, 2019.”

Richmond American Homes to build new neighborhood in Rancho Sahuarita. (Disclosure: Rose Law Group represents Richmond American Homes.)• 42 finished lots • Ranch and two-story • 1,810 – 2,630 sq. ft. • 9’ ceilings • Site-map, pics, and further details for Richmond’s Entrada La Villita neighborhood • In RED News

Town council OKs pre-annexation agreements with Trilogy Encanterra. Earlier this year Encanterra residents “expressed an interest in annexing into the Town of Queen Creek.” That proposed 755-acre annexation moved a step closer earlier this month when town council approved a “pre-annexation development and water-exchange agreements with Trilogy Encanterra Construction.” QC Independent

Development agreement OK’d for Hampton Inn, restaurants on 4.9 acres in Queen Creek. “A Hampton Inn hotel and ancillary retail/restaurant uses are planned on 4.9 acres owned by the Town of Queen Creek on the [SW] corner of Ellsworth and Rittenhouse.” Project details, including Hampton’s the expected positive economic impact for the area, in QC Independent

Peoria Commission recommends infill project. P&Z has given the nod to “more density” on a development called “71st Avenue Estates” near 71st Ave. and Happy Valley. Speaking of happy, here’s what Commissioner Jay Otlewski had to say about the project: “I really like the infill we are seeing quite a bit now… nice to see some of that vacant land that is kind of isolated fill.” An aerial plus even more positive project vibes, in YourValley

Shadow Mountain Village to bring 99 townhomes to Bellemont.“Bellemont landowner Lonnie McCleve plans to develop his 11.34-acre parcel into a rural activity center including 99 new townhomes, various parks, a coffee shop and a multi-unit storage facility.” However, Coconino County first needs to approve a property rezone, from Commercial Heavy to Residential Multifamily. Arizona Daily Sun.

Most expensive home sales in Phoenix. Arizona Foothills Magazine top home sales (12.10.18 – 12.16.18) totaled “over $27 million,” CLIMBING some $10 million from the previous week! The dominant feature in this week’s SLIDESHOW? Mountains! — Camelback, Mummy and others and the unobstructed and endless views of them.

10 years and $2B later, what is the future of light rail in metro Phoenix? “Metro Phoenix leaders promised light rail would transform the Valley when it opened Dec. 27, 2008. A decade later, future expansion could be at risk.” Valley Metro CEO Scott Smith: “There are dark clouds on the horizon.” A 10-chapter, in-depth report at AZCentral — perfect reading material for the light rail commute, so check out!

Florence manager: Town has had a great year. “The list this year of large accomplishments far exceeds the previous two years,” says Town Manager Brent Billingsley, who’s nearing the start of his fourth year at the helm. Among the large accomplishments on that list: “Recent ‘land use clarification’ agreements with both Pulte Homes and Southwest Value Partners” that could result in “millions of dollars more” revenue for the town.
More in the Flo Reminder interview with Town Manager Billingsley. —>

Rundown motels are becoming cool condos, affordable apartments. “While many have been demolished, others linger on in varying states of neglect. But over the past half-decade, a growing segment of city governments, nonprofit organizations, and developers have been reclaiming these structures to transform them into apartments and condos to meet a growing need for housing.”®

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 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! 



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


Adam Trenk named Partner at Rose Law Group; Partner Kaine Fisher added to firm’s masthead. Congratulations to Adam Trenk and Kaine Fisher! Both are highly accomplished attorneys — Adam as Director of Equine Law, also practicing in areas of public policy, zoning, aviation, and business law; Kaine, as a partner at RLG and Director of Family Law, focusing on representing clients in high-conflict, high-asset family law matters (he’s also a best-selling author!) — and both comment on attaining their respective honors via the official announcement in Rose Law Group Reporter.

Sources: Arizona Coyotes ownership change is imminent. “The Arizona Coyotes will soon have a change in ownership, sources have told 98.7 FM Arizona’s Sports Station’s Dan Bickley. Multiple sources said the change in ownership is ‘pending and imminent’ while another said the ownership change would occur but not until 2019.”

Ducey wants tax conformity money for rainy day fund. “Gov. Doug Ducey wants to use the extra revenue Arizona would get this year by conforming with last year’s federal tax reform law to shore up the state’s rainy-day fund, setting up a fight with GOP lawmakers.” Arizona Mirror.

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December 2018