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The Dealmaker: 01/17/2019

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
 

 

 

Greater Phoenix Chamber tweets support for Talking Stick Resort Arena. (Disclosure: Rose Law Group represents the Phoenix Suns.) On January 23, @CityofPhoenixAZ city council will vote on @TSRArena renovations. TSRA is city-owned; it must be well-maintained to continue being an economic driver in downtown #Phoenix. #SupportTSRA. http://bit.ly/2FJX470

New Sam Fox restaurant opening next to Talking Stick Resort Arena. Blanco Tacos & Tequila is the “first restaurant announced for the high-profile Block 23 development,” and joins a mix that includes Fry’s grocery store, office and retail, as well as 330 apartments. Restaurant founder Sam Fox touts BT&T’s downtown location as “bigger and brighter” and “specifically created for Phoenix’s downtown life.” AZCentral. http://bit.ly/2APd2cS

6 projects you need to know. Key details and renderings for projects by True North Studio/Choice Hotels International, Hines, NOVO, Fassco, Ryan Cos./Cadence Living and Drive Development Partners — in Phoenix, Surprise, Scottsdale and Peoria — at AzBigMedia. http://bit.ly/2W2V1Rc

The stories that defined Paradise Valley in 2018. PV Independent looks back at its coverage of the past year’s “municipal happenings,” including: The election of Mayor Jerry Bien-Willner, the search for a full-time town manager, proposals to curtail “unruly gatherings,” and the rebirth of SmokeTree Resort. http://bit.ly/2W2DKrJ

Houses, condos, quads proposed in Saddleback. “Caliber Companies has applied for a rezone and [PAD] on 80 acres of vacant land [NW] of the intersection of Vulture Mine Road and W. Wickenburg Way. The request is for an increase in density from 115 units to 163 units, consisting of both single-family and multi-family residential units.” The Wickenburg Sun. http://bit.ly/2RS7FTT

Valley CRE industry expects to maintain momentum in 2019. “There are very few factors that seem to be working against continued growth in the overall economy and in commercial real estate, specifically.” But could “shrinking availability of land” and rising construction costs throw the CRE market off its pace? Industry insiders provide sector insight in AzBigMedia. http://bit.ly/2AQvUbD

Global Water Resources CEO: Water issues will likely hinder Arizona’s growth. “Global Water Resources CEO Ron Fleming said the lack and expense of water will someday seriously limit growth in Arizona. He said the water issue is already hindering growth in some parts of Pinal County.” InMaricopa. http://bit.ly/2TUd2zn

Bill Gates elected chairman of the Maricopa County Board of Supervisors. Bill Gates “was elected Chairman unanimously Jan. 9 by his colleagues and takes over for Steve Chucri.” Chairman Gates’ goals for 2019 include: Updating plans for unincorporated areas; combining permitting departments and streamlining the process; and shrinking floodplains to enable development. Scottsdale Independent. http://bit.ly/2MfFERc 

Arcadia residents say motel along Thomas Road has become a crime magnet. Fox 10’s Matt Rodewald reports on how residents in the area “are furious at the owners of a hotel property near 36th Street and McDowell. Ever since a brand switch to Motel 6, they say crime has skyrocketed.” WATCH: http://bit.ly/2DhPW0p 

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

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

Lawmakers get first look at legislation for Drought Contingency Plan. “The six draft measures [compiled by the Dept. of Water Resources] would allow Arizona to sign onto a multi-state drought plan with six other southwestern states… But the legislation as drafted barely delves into the nitty-gritty details of a far more complex intrastate agreement that Arizona water users have been hashing out for months.” Arizona Cap Times. http://bit.ly/2FAQ4u6

How prepared is Arizona for the next economic downturn? “Gov. Doug Ducey said in his State of the State address that he wants the state’s rainy day fund to be $1 billion, a figure that comports with recent research showing Arizona is ill prepared for the next recession.” http://bit.ly/2FGKVQA

Maricopa County eyes election changes after chaotic 2018 elections. “[T]he Board of Supervisors voted unanimously Wednesday to establish a working group of county employees to determine how the county should alter its elections in 2020 and beyond. The most significant change could involve taking away some of the responsibilities that the county recorder has managed for decades.” AZCentral. http://bit.ly/2FypFNC

Lawmaker introduces new proposal to revamp Independent Redistricting Commission. “Under Rep. John Fillmore’s proposal, party leaders at the legislature would be responsible for appointing three Republican and three Democratic commissioners. Another three commissioners must be independents. The three-way split better represents Arizona voter, supporters say…” Arizona Cap Times. http://bit.ly/2T2gbNC

Schumer recruiting top-notch candidate for McCain Senate seat. “Senate Democratic Leader Charles Schumer (D-N.Y.) is recruiting Rep. Ruben Gallego (Ariz.), a rising Democratic star in the House, to run for the Arizona Senate seat long held by John McCain.”The Hill. http://bit.ly/2HikZwY
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© 2024 Rose Law Group Reporter

Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.