The Dealmaker: 01/28/2019

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

 

 

 

 

Mysterious group collecting signatures to attempt to derail Arena renovations (Disclosure: Rose Law Group represents the Phoenix Suns.) Tap to Sports Business Journal talking about the money behind the drive staying in the dark. http://bit.ly/2MB0EBR

These key players could decide the fate of the Colorado River drought deal. “Legislature, tribes, farmers, cities and the state’s water managers… If any of the main players pull out, the state’s carefully negotiated compromise could unravel and the plan could fall apart.” AZCentral. http://bit.ly/2sQP2BL

Lack of Arizona drought plan would mean chaos and uncertainty, water experts say. “The water experts responded to questions from [Arizona Daily Star] last week about the likely consequences of no drought plan, with barely a week to go before the federal deadline strikes the seven river basin states.” http://bit.ly/2CSn9hp

Judge in Tempe squatter case asks: ‘Who the hell owns this property, then?’ Is the rightful owner Steve Sussex, who “claims the property as his birthright?” Or is the land owned by the City of Tempe? “That has been a subject of active court disputes for more than a decade.” The question has popped up once again, in the Arizona Court of Appeals. AZCentral. http://bit.ly/2MIW7h7

Rio Bonita mixed-use coming to Avondale. “[The] new mixed-use development planned for North Avondale [at the ‘NWC of Indian School and El Mirage] is expected to shake things up by adding a multifamily and commercial element to an area comprised of mostly ‘homogenous, traditional single-family residences.’ ” Details in AZBEX. http://bit.ly/2Tj6Il7

Phoenix’s first mall, Park Central in Midtown, finally gets much-needed new look and life. “Park Central was the perfect property to redevelop in central Phoenix, but for many years none of us could figure out how to make it happen.” – Sharon Harper, CEO of Plaza Cos., which has partnered with Holualoa Cos. on the project. AZCentral real estate reporter Catherine Reagor looks at the rebirth of the “midtown mecca.” http://bit.ly/2HwYcNY

FLAGSTAFF: New municipal court could lead to restructured downtown.“The construction of the new municipal courthouse at 101 W. Cherry Ave, and scheduled opening by spring of 2020, leaves the future of the current municipal court land at 15 N Beaver St., and perhaps the whole block, up for debate.” Arizona Daily Sun. http://bit.ly/2Tlvlh6

Gavin Newsom takes wealthy Southern California city to court over its lack of housing. “The state’s housing department found Huntington Beach out of compliance with state law in 2015, and [Gov. Newsom] alleges the city hasn’t since acted to approve enough land for low-income units.” Sac Bee. http://bit.ly/2G7fXBm

[REGIONAL NEWS] Largest public lands bill since 1993 would protect 400,000 acres across Colorado. The Colorado Outdoor Recreation & Economy Act, or CORE Act, “corrals four previously introduced bills, some that have languished more than a decade.” But as The Colorado Sun notes, it’s an act that “faces an uphill battle toward passage” in the U.S. Senate. http://bit.ly/2ThJVpV 

Cameron’s $5M + deals of the day – http://bit.ly/2G6yWfl

 

 

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


Warren Stewart Jr., son of a preacher man, seeks District 8 council seat.“Stewart is vying for the District 8 seat, formerly held by current mayoral candidate Kate Gallego.” Downtown Devil chats “face-to-face” with Stewart. Topics include: The “similarities between being a pastor and a politician,” Phoenix Police Chief Jeri Williams, and “the recently-passed Talking Stick Resort Arena renovation deal.” http://bit.ly/2MD89Z3

Mesa mayor, others want more than a wall. “[Mesa Mayor John Giles] is open to the idea of a border wall… saying it ‘can certainly be part of a comprehensive security program.’ ” Mayor Giles was among “a bipartisan group of border-state mayors” who gathered in D.C. last week for the U.S. Conference of Mayors winter meeting. Governing has the recap. http://bit.ly/2HLkvPY

Speaker aims to regulate commercial use of biometric data. “A bill proposed by House Speaker Rusty Bowers would make it illegal for a company to use biometric data for commercial purposes… unless certain criteria are met.” Arizona Mirror. http://bit.ly/2Hx1oJs

Best to worst football cities for fans as ranked by WalletHub. A comparison of “240 U.S. cities” based on “21 key metrics” — and Glendale shines in one key category! Also available “fun and interesting facts about the biggest sporting event of the year” via “WalletHub’s Super Bowl LIII By The Numbersinfographic.” http://bit.ly/2WrL5Ru

‘SNL’ recruits Steve Martin to play Roger Stone. “ ‘Saturday Night Live’ began its second show of 2019 the only way it possibly could: addressing the government shutdown and arrest of President Trump associate Roger Stone.” WATCH: http://bit.ly/2SdxHBg

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