The Dealmaker: 01/25/2019

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




[OPINION] Is a public vote coming on Suns arena deal? (Disclosure: Rose Law Group represents the Phoenix Suns). AZCentral reports that a “group called Common Sense Phoenix says it intends to collect 27,000 signatures in 30 days to refer the Talking Stick Resort Arena deal to voters.”  However, Jordan Rose, founder and president of Rose Law Group, who represents the Phoenix Suns, says, “The action of the council was an administrative, non-referable act and the Courts will ultimately decide… Someone will be spending hundreds of thousands of dollars — so this is absolutely not some grassroots effort. While the huge money interest behind this clearly wants to remain secretive and under the cover of darkness, we will be able to find out their true identities in court.” Much more from Jordan here:

Pinal County successes not without challenges into 2019. Nikola. Lucid. Apex. Props. 416 and 417. These and other positive economic developments (and challenges) were among the topics discussed by Pinal County BOS and county manager at Thursday’s Pinal Partnership event, moderated by Rose Law Group Founder and President, Jordan RoseCallan Smith was there also, and has full coverage in RLGR

Which office markets are best bets for Opportunity Zone investment? Dan Gauthier, Rose Law Group transactional attorney handling many O-Zone investments, does the math. The subject of Downtown Phoenix as a potential target for O-Zone investment surfaces in this report from National Real Estate Investor. Commenting on the report and a project’s viability as an O-Zone investment, Dan Gauthier tells RLGR that “investors must calculate whether the value-add to the project equals or exceeds the amount paid for the property, minus the cost attributable to land value.”

[VIDEO] Plans underway to build big master planned community north of Buckeye. FOX 10 reports on Douglas Ranch, the “ambitious and expensive” West Valley project envisioned by Jerry Colangelo and his partners at JDM — 37,000 acres that could “eventually be home to 300,000 people.”

West Valley’s recent economic development victories feed explosive growth. “[B]y 2030, the West Valley will be home to 2,094,824 residents.” In AzBigMedia, Goodyear Mayor Georgia Lord and Avondale Mayor Kenn Weise highlight some of the projects that are helping “attract new residents” to the sunset-side of the Valley.

What is the Drought Contingency Plan and will it affect me? “[T]here are a lot of moving parts to understand and a lot of concepts that may seem overwhelming.” With that in mind, AZCentral presents “the things you need to know in advance of the Jan. 31 deadline to finish the plan.”

New Bellago Homes neighborhood in Superstition Mountain Golf and Country Club. • Club Village • Three single-story floor plans • 2,264 to 2,615 sq. ft. • Starting in the $520s • Much more on Bellago Homes’ new neighborhood via AJ Independent.

Pricing up. “Metro Phoenix is getting more expensive for homebuyers,” notes PHOENIX magazine in its report on the Valley’s housing-affordability slippage. “Is it a disaster? Hell, no,” insists economist Elliott Pollack. —>

Most expensive home sales in Phoenix. AFM’s top home sales (1.14.19- 1.20.19) totaled “over $24 million,” a DROP of $1 million — for the second consecutive week! The dominant home feature in this week’s slideshow? POOLS. Massive and magnificent ones, some near fairways, others merely mentioned, but not seen.

Downtown Phoenix’s first grocery store will be a first for Fry’s, too.AZCentral takes a look at the Block 23 development, zeroing in on the “urban feel” Fry’s Food Store which will be “downtown’s only full-service grocery store” and “unlike” anything Fry’s has done.

Cottonwood: Past, present, future. CV Bugle has a rundown of “signifiant events that have shaped” Cottonwood, a timeline of “key-events” over the last decade, as outlined by the city council and staff.

Legislation of particular interest to Arizona real estate crowd. Arizona’s elected leaders have been busy in this new legislative session. Already state House members — from both sides of the aisle — have crafted and introduced eight real estate-related bills. RLGR.



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


Unmarried couples living together have no legal rights across the pond; common-law marriage slow in coming to Arizona, says Kaine Fisher, Rose Law Group partner & director Family Law Department. Cohabitating “unmarried couples are the fastest growing family type in the UK but a large proportion of people are unaware” such couples “don’t have the same rights as those who are married or in civil partnerships when the relationship breaks down.”— • Kaine Fisher: “We are overwhelmingly not alone in this country in that category. The hard part is trying to draw a line between one cohabitating couple and another….” READ ON:

Wilcox’s shooter banned from city buildings including the Arena. “City manager & PHX police chief responded to Councilman Michael Nowakowski’s letter concerning the statements made by Larry Naman…” FOX 10 reporter Jennifer Martinez tweets out the latest developments in a story that gets more bizarre by the minute.

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