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The Dealmaker: 01/09/2019

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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




Loss of Talking Stick Resort Arena would leave ‘a giant hole’ downtown, hearing told. (Disclosure: Rose Law Group represents the Phoenix Suns.) The City of Phoenix held its third community meeting Tuesday about the renovation of city-owned TSR Arena. Ten people expressed support for the upgrades and only 3 against, with some in favor characterizing the renovation deal as a “no brainer” and stressing that the “whole downtown has come about because of the Suns.” Full recap in RLGRhttp://bit.ly/2AFOkeS

A VINTAGE DEAL – Phoenix’s popular Uptown Plaza shopping center sells for $51.65M. Dell Webb built Uptown Plaza in ’55. Vintage Partners revamped UP a few years back. Now, Levine Investments has purchased it, paying cash for the Camelback and Central property. AZCentral. http://bit.ly/2srUevX

Update: Construction at Ritz-Carlton Paradise Valley, Great Wolf Lodge, Civana Carefree resorts. An AZCentral update on the three “striking new hotel options,” featuring a flyover VIDEO showing just how far construction on the Ritz-Carlton has come along. http://bit.ly/2AC2yOa

A GOODYEAR FOR DATA! – Vantage Data Centers will build mega-campus in Goodyear. • 50 acres • 1 million sq. ft. of space • SE corner of Van Buren and Bullard • To be the largest of Vantage’s current and planned campuses • More on the “mega-scale” campus in AZREhttp://bit.ly/2LZXsQ4 

Housing development near Grand Canyon halted for county violation.“Progress hit a snag at the Ten X affordable housing development in Tusayan earlier this month when the town council shut down construction following a complaint from the Coconino County Flood Control District… At issue is exactly how much water could flow through the entire town of Tusayan, not just the Ten X development…” Grand Canyon News. http://bit.ly/2FnBWTV 

NAHB 2019 “priced out” estimates. “The new estimates show that, if the median U.S. new home price goes up by $1,000, 127,560 households would be priced out of the housing market nationwide.” More priced-out upshots, plus access to the full study which features “priced-out estimates for every state and over 300 metropolitan areas” — at Eye On Housinghttp://bit.ly/2Rf0Igp

Paradise Valley leads list of Arizona’s richest places. Websites Business Insider and Homesnacks have ranked PV as the “richest city” in the state. What other cities and towns crack the top 5 as the state’s most affluent places? What Arizona town can boast the most educated people? Find out at KTAR. http://bit.ly/2Fkkpgc 

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 



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


Kyl was paid $75k a year for lectures, advisory work & co-teaching a single seminar. In this follow-up to a piece filed earlier this week, Arizona Mirror’s Jim Small reports that Arizona State University has explained, at least partially, what former U.S. Sen. Jon Kyl has done for the school since 2013 to earn a hefty paycheck.” http://bit.ly/2RAsp2F

Elected officials cannot silence critics on social media, appeals court rules. “The unanimous ruling from the U.S. Court of Appeals for the 4th Circuit is the first from an appeals court to answer the question of whether free speech protections prevent public officials from barring critics from their social media feeds.” The Washington Post. http://bit.ly/2FmQH9y 

BONUS – What quarterback was born on this date in 1935?: Rose Law Group Notable Photoable. Our apologies — we’re one day late on this, as this standout QB was born 84 years ago YESTERDAY, January 8. But, hey, no need to get all shook up about it. —> http://bit.ly/2TI5uzT

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