The Dealmaker: 01/16/2019

Mattamy buys 59+ acres for $6.3M in Glendale. (Disclosure: Rose Law Group represents Mattamy Homes.) The 59+ acres are located adjacent to the Camelback Ranch Spring Training complex where the White Sox and  Dodgers train. AZRE plays a bit of small ball in its report, squeezing out some deal and development details and featuring a high, pop-fly shot of the property. http://bit.ly/2Rw582v

Mesa to auction prime piece of pristine desert. The city purchased the Thomas and Recker property 20 years ago for a park, reports EV Tribune. That park never materialized, however, and the “scenic land” has been vacant ever since. Now officials plan to auction the 132 acres “for what they say could become another Las Sendas.” http://bit.ly/2RPt9AZ

Estrella breaks ground on new 617-acre village In the Goodyear MPC. • Lucero • Six neighborhoods • Five builders • On Estrella Pkwy., near the entrance of Estrella by Newland Communities • More on Lucero, its community features and amenities, via the news release in RLGR. http://bit.ly/2sE0KzP

37,000-acre master-planned community in far West Valley moves forward. “JDM Partners LLC and El Dorado Holdings Inc. are partnering on the project, called Douglas Ranch, which [Jerry Colangelo] said will be the largest planned community in the western U.S.” Colangelo and Jim Kenny discuss their plans in this PBJ report, which also features a 10-rendering SLIDESHOW of the massive Douglas Ranch. (Subscriber Content). http://bit.ly/2McueNU 

Government shutdown stymies Opportunity-Zone investors; many ‘moving forward,’ says Dan Gauthier, Rose Law Group transactional attorney handling many O-Zone investments. Commenting on this WSJ(paywall) report looking into the shutdown’s impact on O-Zone investments, Dan Gauthier tells RLGR: “Although the Treasury Department’s second round of guidance regarding Opportunity Zones has not yet been released… many investors and opportunity funds are moving forward with their investments, while others will hold back until final guidance is issued.” http://bit.ly/2QT7bbz

How the government shutdown is affecting residential real estate. “If you are in the middle of certain types of residential real estate transactions, you have noticed delays or complete suspensions of government services essential to the closing of your deal,” observes David Meek of The Arizona Report. However, Meek also reveals “a silver lining to the government shutdown.” http://bit.ly/2ARykXp

Construction to remain active, but tempered, in 2019. That’s the main takeaway from the AZBEX 2019 Construction Activity Forecast. In his recap of the recent event, Roland Murphy notes the forecast “turned out to be in good company,” as the “next morning at the 10th Annual AZ Dealmakers Conference, single-family real estate guru, Jim Belfiore, and go-to economics expert Elliot D. Pollack, both noted similar disparities and explanations in their own market recap presentations.” http://bit.ly/2DdT6SJ

Peoria water reductions could come sooner than expected. In a YourValleyreport on the situation, Deputy City Manager Erik Strunk is the messenger delivering this bit of pleasant news: “The federal government has determined the Colorado River, one of our primary sources of water, no longer has the ability to provide the total water needs for region, Peoria included.” http://bit.ly/2W5sFWO

Chandler among best cities for people with disabilities. “WalletHubcompared some of America’s most populated cities across 31 key indicators of disability-friendliness, including physicians per capita, park accessibility and rate of workers with disabilities.” Where Chandler ranked and how the city’s “proactive programs” helped it get there, in Wrangler News. http://bit.ly/2TRexhR

[OPINION] California burns for better leaders. WSJ editorial columnist Holman W. Jenkins, Jr. on how public policy in California “has badly overegged the incentive for homeowners to build in its tinder-dry forest and wilderness areas.” (Subscriber Content). http://bit.ly/2MeusnR 

Cameron’s $5M + deals of the day – http://bit.ly/2FDOdE7

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