The Dealmaker: 12/4/2018

‘Friendly’ proposal by CAP board could derail Arizona drought talks. The board’s “Friendly Amendment offered several significant revisions to the new plan,” but it received an unfriendly welcome from Senator Lisa Otondo and Arizona Department of Water Resources Director Tom Buschatzke, both of whom wrote letters “staunchly opposing” the attempt. Phoenix New Times. http://bit.ly/2rg96Ng

Taylor Morrison brings Aloravita to Peoria. (Disclosure: Rose Law Group represents Aloravita.) • Six floor plans from TM’s Landmark Collection • One- and two-stories • 2,153 to 3,693 sq. ft. • Off Jomax and Aloravita in North Peoria • More in the news release • At AZ Business Mag. http://bit.ly/2BP3Eaa

Most homes for-sale are unaffordable to most people. Just “21% of buyers believe they could buy most any home for-sale in their markets.” And what generation — boomers Gen-Xers, millennials — is the most pessimistic when it comes to home affordability? Eye On Housing graphs out the data. http://bit.ly/2BP2eMK

The Construction Dive awards for 2018. “Along Katerra’s path toward shattering traditional approaches to building, it has collected many pieces of its puzzle.” One of the pieces has connections to its Phoenix factory, while all of them helped earn the company Construction Dive’s Dealmaker of the Year award. For a timeline of Katerra’s “partnerships, acquisitions and expansion deals,” plus overviews on CD’s other award winners, tap it: http://bit.ly/2zEB8qg

U-Haul wants to buy closed Sears, Kmart stores. “Amerco Real Estate, a unit of Phoenix-based U-Haul International, has tentatively agreed to buy 13 of those locations for $62 million from Sears Holdings, pending Sears’ bankruptcy-court approval.” AZCentral. http://bit.ly/2AOKTSD

Nikola opens registration for public unveiling of semi-truck. “Nikola World will be at WestWorld in Scottsdale April 16-17 to give customers, investors, suppliers and media the first look at the zero-emission trucks as well as products from the company’s powersports division.” PBJ has an event preview along with link to registration info. http://bit.ly/2QESLA8

Bondurant Racing School reopens in Chandler, but gears still stuck in bankruptcy. “The sound of roaring engines and screeching tires have returned to Bondurant Racing School, but can the bankrupt, 50-year-old company hang on through the nasty corner it’s taken?” Phoenix New Times. http://bit.ly/2RzxzJ1

SRP will unveil 100-megawatt solar project. “SRP and Intel reached a 15-year agreement to provide energy from a solar plant that will be built in Eloy… by sPower, an AES and AIMCo company. The solar plant will support Intel’s Chandler Ocotillo Campus, one of its largest global, semiconductor manufacturing sites.” AZ Business Magazine. http://bit.ly/2QCBB5O

Industrial zoning OK’d for Complete Fire Protection in Queen Creek. “A 5-acre site [‘south side of Germann,’ just ‘east of Sossaman’] has been rezoned to office/industrial park to allow the construction of a one-story warehouse and two-story administration area for Complete Fire Protection.” QC Independent. http://bit.ly/2KVIeLs

Fountain Hills Town Council asked to revisit nuisance noise ordinance.“The discussion relates to several noise and party complaints made in connection with a residence in Fountain Hills where it appears the owner was renting out the property on a short term basis for weekends.” KEY COMPLAINT: “You are allowing this person to run a small hotel on a residential street.” The Fountain Hills Times. http://bit.ly/2BR4HGE 

Pollack: The Eeyore complex. What does a neurotic disorder named after the depressed, pessimistic donkey in Winnie the Pooh have to do with economics? The Monday Morning Quarterback lays it all out in a self-described “tirade.” Plus, MMQhits us with these ‘Snapshots’—>  U.S.: Income & Consumption • Home Sales & Prices. AZ: Sky Harbor – Enplanements & Deplanements • S&P/Case-Shiller Home Price Index. http://bit.ly/2SwV99n

Kate Gallego led by 19 points in the Phoenix mayor’s race. Why is there a runoff? “Gallego and her closest competitor, Daniel Valenzuela, will compete in a runoff election March 12.” As AZCentral notes, “With four candidates splitting the voter pool, a runoff was all but inevitable.” http://bit.ly/2UehsSP 

Cameron’s $5M + deals of the day – http://bit.ly/2PiDm3u

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!

Investigation: Maricopa County Assessor Paul Petersen involved in questionable adoptions. According to an investigation by Honolulu Civil Beat,“Petersen arranges and pays for pregnant Marshallese women to fly to Utah and live in a four-bedroom house he owns outside of Salt Lake City. He then matches them with adoptive families.” The full story, including a response from Petersen, at AZCentral. http://bit.ly/2zI3VtV

Stringer’s seatmates aren’t calling for his resignation over racist remarks. While other Republicans “have called for Rep. David Stringer to resign” over the remarks, incoming Senate leader Sen. Karen Fann and Rep Noel Campbell have been less vocal about the matter. Reached for comment by Arizona Mirror, here’s what each said (and didn’t say). http://bit.ly/2Ug6pIM

AG suggests measured words when making allegations of fraud in election. “I think people need to be really, really careful when they make serious allegations.” AG Mark Brnovich’s remarks yesterday come on the heels of “charges by Jonathan Lines, chairman of the Arizona Republican Party, that there were irregularities” in the election. A Cap Media Services/ Howard Fischer report in Arizona Cap Times. http://bit.ly/2KVcJ3Y

Arizona ranks high in preventing elder abuse. “WalletHub compared the 50 states and the District of Columbia based on 14 key indicators of elder-abuse protection in 3 overall categories. [The] data set ranges from ‘share of elder-abuse, gross-neglect and exploitation complaints’ to ‘financial elder-abuse laws.’ ” http://bit.ly/2QbSXHn