The Dealmaker: 01/16/2019

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

 

 

 

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 RLGRhttp://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 ForecastIn 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

 

 

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


[COMMENTARY] The government shutdown through the eyes of Abraham Lincoln. Here’s a piece by Senior Reporter/Writer Phil Riske, this one written back in 2013. Nary a word has changed. http://bit.ly/2stVXAy 

Major League Soccer adds Austin franchise as Phoenix continues to wait. “MLS awarded their 27th franchise to Austin, Texas. If you’re keeping score, Austin is media market 39, while Phoenix is 11th, however this was in the works with MLS for quite some time and Rising FC ownership new it.” Brad Cesmat reports inSports360az. http://bit.ly/2QRzXcU

Bowers warns Ducey deadline won’t be met if he doesn’t see water bill by Tuesday. “House Speaker Rusty Bowers warned that he won’t be pressured by Gov. Doug Ducey into approving a drought contingency plan by the January 31 deadline…” This and other “warnings come even as Pinal County farmers are demanding specific written assurances in any final plan that they actually will get the water they are being promised.” A Cap Media Services/Howard Fischer report inArizona Cap Times. http://bit.ly/2SWFnFh

Speaker, some lawmakers resistant to Ducey’s push to end legislative immunity. “A proposal by Gov. Doug Ducey to abolish so-called legislative immunity is getting some negative reaction from some lawmakers who enjoy its protections.” (Like, for example, lawmakers who can’t drive 55 and then brag about it?) A Howard Fischer report in AZ Cap Times. (RELATED, in AZCentral: “After a year of scandals, Arizona lawmakers still haven’t created rules for conduct.”)http://bit.ly/2AQy0YQ

STEM group launches ‘Draft Mark Kelly’ effort in Arizona. “314 Action, a group that backs candidates with scientific backgrounds, is launching a new effort… to encourage former astronaut and Navy veteran Mark Kelly to run for Senate… Kelly, who is married to former Arizona Rep. Gabrielle Giffords, is among a handful of potential Democratic challengers to appointed Sen. Martha McSally.” Roll Call. http://bit.ly/2TVQBdo

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