The Dealmaker: 01/15/2019

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

 

 

 

 

Talking Stick Resort Arena: A multi-use facility for Phoenix. (Disclosure: Rose Law Group represents the Phoenix Suns.) More than 300 events each year. Something for everyone! Check out the numbers! (#InvestInDowntown) http://bit.ly/2Mcv4dx

Density concerns fan flames of worry at SmokeTree Resort rebirth endeavor. The “rebirth” proposed entails “a complete rebuild comprised of up-to three story buildings with both rental and residential units” on the 5.4-acre property. PV Independent reports, however, that “residents are simultaneously beginning to voice concern over the intensity of proposed plans.” http://bit.ly/2TLtcLw

5 reasons 2019 is the most important year for housing in 10 years. “A number of global economic sectors took a hit in 2018, while the US real estate sector only cooled in certain markets, though it did not crack… Given this potential for volatility, 2019 will be the most pivotal year in US housing and commercial real estate since the Great Recession.” Forbes. http://bit.ly/2TT6LEg 

State’s first land swap will turn former Flagstaff movie theater into offices. “ADOT will take over a former Harkins Theatres complex and vacate its campus on Milton Road, which will be redeveloped into student housing.” Commenting on the Vintage Partners’ development, Walter Crutchfield says, “Nothing like this partnership has ever been attempted in the state of Arizona and very few in the entire county.” Details in PBJ. (Subscriber Content.). http://bit.ly/2MabkHs

Amazon expands Tucson presence with major project on city’s west side.“Last year, Amazon announced plans for a massive warehouse at the Port of Tucson, just south of Davis-Monthan Air Force Base. The 855,000-square-foot building is expected to open this year with more than 1,500 full-time employees.” Arizona Daily Star reports that this “west-side facility will be complementary to that operation.” http://bit.ly/2DbAlPS

1784 Capital Holdings breaks ground on Gold Dust Self Storage. “The former Macaroni Grill location [SE of Scottsdale & Shea] will be home to a high-end self-storage facility that is scheduled to open at the end of 2019.” RED News. http://bit.ly/2RroQfG 
 
Historic Preservation Commission rips Desert Viking for Roosevelt Row demolitions. “[The commission] reproached Desert Viking representatives for demolishing a Roosevelt Row building last year without a permit at the Commission’s monthly meeting Monday evening.” However: “The demolition of the buildings in question was always part of the plan, according to Desert Viking’s representatives.” Downtown Devil. http://bit.ly/2DbYWDZ

Glendale to regulate sober living homes while waiting for statewidepolicy. “The ordinance would require sober living homes to register with the city, have its staff background checked and adhere to rules laid out by the city meant to protect the health and safety of the residents as well as neighbors to the homes.” YourValley. http://bit.ly/2FAP5Jr

New Year: Scottsdale City Council offers thoughts on the future. In a new Scottsdale Independent Q & A, Mayor Jim Lane and council members Solange Whitehead, Linda Milhaven, Suzanne Klapp, Virginia Korte, Guy Phillips and Kathy Littlefield discuss issues “they deem most important as the new year unfolds.” http://bit.ly/2QSpFsW

In case you’re wondering… The giant, metal, oddly colored pole, shockingly constructed right in front of Jordan Rose’s office is now down. Who says you shouldn’t be your own lawyer? Bye-bye pole! http://bit.ly/2FsTvmv 

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

 

 

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


Gov. Doug Ducey’s 2019 State of the State address. “Ducey closed the door on a record-setting election year for Arizona, welcomed new lawmakers and paid tribute to the state leaders who died in 2018, including U.S. Sen. John McCain and U.S. Rep. Ed Pastor,” as well as Superintendent of Public Instruction Carolyn Warner. Speech highlights along with Gov. Ducey’s full remarks as prepared for delivery, in RLGRhttp://bit.ly/2SR7hm8

Babbitt: Colorado River drought plan just the beginning of tough decisions needed. “A proposed Colorado River drought plan that will cost well over $100 million is just the beginning of what’s needed to protect the over-allocated river, says Bruce Babbitt, the former governor who rammed through Arizona’s last big water legislation nearly four decades ago.” Arizona Daily Star. http://bit.ly/2RNUgfB

Ugenti-Rita proposes bill to bar vote ‘procrastinators.’ According to Sen. Michelle Ugenti-Rita, “too many people choose to sign up for the Permanent Early Voting List… but then also choose to forgo the mail service and turn in ballots at the last possible second.” The Republican lawmaker seeks to change that, with SB 1046. Arizona Cap Times. http://bit.ly/2SWLqcT

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