The Dealmaker: 01/14/2019

[EDITORIAL] Suns arena renovations are not a bad deal for Phoenix. AZCentral on why “the deal, designed to keep the Suns downtown for at least another 15 years, isn’t a bad one. Not for the city or for taxpayers.” http://bit.ly/2AJJlKu

Suns president says meetings changed perception of $230M arena deal.(Disclosure: Rose Law Group represents the Phoenix Suns.) On the heels of last week’s public meetings related to proposed renovations for Talking Stick Resort Arena, Suns President Jason Rowley is upbeat about makeover prospects: “[P]eople were more interested in… hearing about the economics, how the deal was structured… We’re starting to see people’s opinion definitely change…” More at KTAR. http://bit.ly/2RL3eKK

Businesses show support for Talking Stick renovation deal. “Business owners from across the Valley came to Majerle’s Sports Grill in downtown Phoenix to voice strong support Friday evening for the city of Phoenix’s plan to renovate Talking Stick Resort Arena.” Downtown Devil reports on the “forum, organized by Phoenix Community Alliance,” and “a crowd of dozens who were nearly universal in their support for the plan.” http://bit.ly/2sqFZXW

Homebuilders less optimistic going into 2019. That’s the overall takeaway from a panel of top homebuilding executives — Steven J. Hilton (Meritage Homes), Alan Jones (Lennar Homes),  Michael “Frenchy” IlesCremieux (Richmond American Homes), Michael Jesberger, (TerraWest Communities), and Reed Porter (New Village Homes) — who spoke before a crowd of 900 industry insiders on Friday at the 10th Annual Belfiore Real Estate Consulting AZ DealMakers conference. The panel was moderated by Jordan Rose, founder and president of Rose Law Group. Callan Smith has coverage in Rose Law Group Reporter. http://bit.ly/2RL3TvI

Is a housing crash looming for metro Phoenix in 2019? Real estate consultant Jim Belfiore weighs in on ‘shaken shopper confidence.’ Are we on the verge of a longterm buyers’ market, the result of home values diving as they did during the “bust”? Or will metro Phoenix remain a “sellers market,” with the continuation of “steep annual price increases”? Commenting on this AZCentral/Catherine Reagor report, Jim Belfiore tells RLGR: “Arizona homebuyers have taken a pause from the torrid growth in purchasing. Rising mortgage interest rates were to blame, shaking shoppers confidence.” Is it just a blip? Tap on to Jim’s full comment for the answer. http://bit.ly/2FBubKa

Richmond American plans Jan. 19th community opening. (Disclosure: Rose Law Group represents Richmond American Homes.) • Falcon View in Glendale • Seven ranch floor plans • Two with attached RV garages • From the mid $300s • More on the new gated community • In Builder. http://bit.ly/2QMGyVY

Planning Commission offers municipal blessing for Safari Old Town development. So far, so good for a “five-story multi-family residential development” in the works for a “2-acre site at 4735 N. Scottsdale,” after city planners “recommend[ed] a zoning amendment” for the project. Scottsdale Independent has details and renderings, including one showing “how the development would be used by human beings,” you know, as opposed to how it might be used by giraffes or something. (Hey, the project is called “Safari”!) http://bit.ly/2RL4CNs

Andersen’s $105M Goodyear facility will bring more than 400 jobs. <— And that’s just the first phase! The window and door manufacturer “anticipates a potential total investment of at least $200 million through a future expansion of the campus.” Gov. Doug Ducey and Mayor Georgia Lord were on hand for last week’s groundbreaking. Coverage of the ceremony in AZRE. http://bit.ly/2QKdyOF

South Scottsdale helps to shape Indian Bend Wash Master Plan. “Portions of an 11-mile greenbelt stretch in south Scottsdale — which includes neighborhood parks, lakes, paths and golf courses — is being planned for a face lift at the cost of $2.2 million.” Last week, “dozens of Scottsdale residents attended a two-hour open house… to give their input.” Scottsdale Independent. http://bit.ly/2FrEnGc 

Casa Grande Rec Center nears completion. “Haydon Building Corp. is building “the 55,000-square-foot facility,” and CG Dispatch takes an “inside, outside” look at some of the construction progress. http://bit.ly/2FuWkTc

Pollack: There’s a recession out there somewhere. But “just not around the corner,” says The Monday Morning Quarterback. This week’s data ‘Snapshots’ include… U.S.: Consumer Credit • CPI • Inflation • Non-Manufacturing. AZ: Single-Family Permits • Apartment Fundamentals – Phoenix and Tucson. http://bit.ly/2RLNNlu

Rose Law Group adds Trenk as partner; Fisher to masthead. Congratulations to Adam Trenk and Kaine Fisher, both 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 Famly Law, focusing on representing clients in high-conflict, high-asset family law matters (and also a best-selling author!). http://bit.ly/2sqR4sj

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

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