The Dealmaker: 01/31/2019

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




So many memories still to be made! (Disclosure: Rose Law Group represents the Phoenix Suns.) This is OUR house! A look back and a look forward in a Talking Stick Resort Arena highlight reel. Check it out!

Promising outlook for Spring Phoenix housing market despite a fourth-quarter drop. Despite a turbulent end to the 2018 Phoenix housing market, Jim Belfiore, founder and president of Belfiore Real Estate Consulting, is positive about the upcoming spring selling season. Jim delivered his upbeat outlook to homebuilders and industry professionals at yesterday’s quarterly Belfiore Metro Phoenix Residential Market UpdateCallan Smith was there and has complete coverage — including clarity for homebuilders on the subject of Johnson Utilities and EPCOR from Rose Law Group Co-Founder and Senior Partner, Court Rich — in RLGR

Colorado River drought plan takes another step at Arizona Legislature; final vote today. “A state Senate committee voted 6-1 Wednesday evening to pass a pair of measures that outline how the state would share looming cutbacks on the river’s water and work with other states to take less. The bills now head to the full Senate and House.” AZCentral (Also available, this OPINION piece in The New York Times: “Tough times along the Colorado River.”)

San Diego developer buys 36 acres in Goodyear for $6M. A drone’s-eye view of the I-10/Bullard Rd. property, plus a bit of info (more of a tease, actually) on what Cali-based Sunbelt Land Holdings, L.P. has planned for site, as well the identities of those who helped get the deal done, in AZRE

Phoenix mayor will face affordable housing crisis. “Do you believe housing developers need incentives to build affordable housing?… How will you seek to create eviction protections and reduce this trend in our city?” Those were among the questions posed to mayoral hopefuls Kate Gallego and Daniel Valenzuela at a recent forum on the “cataclysmic combination of issues surrounding housing.” Their answers in AZCentral.

36 commercial real estate companies to watch in 2019. “From planners to land brokers, to the architects, designers, builders and advisors; these companies [listed from A to W] are driving commercial real estate forward in 2019.” AzBigMedia.

The stories that defined Queen Creek in 2018. QC Independent looks back at big stories that grabbed its headlines in 2018, including: Johnson Utilities, a generation of drought, the 70-sq. mi. plan for San Tan Valley, and the RTA tax/new roads for Pinal County.

Steller column: Clock ticking slowly on development of downtown gem-show site. A developer with plans for a “$100 million project” that would include “a 140-room hotel, apartment complex, retail businesses and more” in downtown Tucson faces a “deadline to invest $10 million in ‘hard construction costs.’ ” However, it’s a deadline that isn’t exactly LOOMING. By Arizona Daily Starcolumnist Tim Steller.

ASU selects Clarkdale as pilot for downtown revitalization project. ASU’s Global Institute of Sustainability “was so enamored with Clarkdale’s Central Business District Revitalization Plan” that it is using the town’s “project as a pilot, expanding the number of cities with whom” it “is working in 2019 to two.” (The other city it’s working with is Peoria.) CV Bugle.

Floodplain administration: Ten X housing in holding pattern while town works with county flood control. As “Tusayan works to come into compliance with Coconino County Flood Control District permitting requirements,” Town Council was briefed on Ten X’s ongoing costs as well as “three site shutdown options” for the housing project. Grand Canyon News.

Bill would gut local oversight on rental properties. Sponsored by Rep. Gail Griffin (R-Hereford), the bill “states that ‘regulation of the rights, obligations and remedies of landlords and tenants is a matter of statewide concern’ and not subject ‘to further regulation by a county, city town or other political subdivision of this state.’ ” One backer and two opponents of HB 2115 weigh in, at Arizona Mirror.

Cameron’s $5M + deals of the day –



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

Proposed gas tax hike faces stern opposition. Republican Rep. Noel Campbell’s bill “would hike the levy… in three steps, reaching 43 cents a gallon by the middle of 2021.” And HB 2536’s tax hike would not only hit gas guzzlers, but also “drivers of hybrids and electric vehicles.” A Cap Media Services/Howard Fischer report in Arizona Cap Times

State Bar investigating Stringer over attorney application; Shooter sues.“The State Bar of Arizona is investigating state Rep. David Stringer, who is facing a legislative ethics probe and expulsion threat over recent revelations that he faced sex-crime charges in Maryland in 1983.” Arizona Mirror (RELATED, in Arizona Cap Times: “Former Rep. Shooter files suit” alleging “deprivation of due process, conspiracy against him.”)

Republican legislator calls for a state Lt. Gov. “[T]his is not a new effort for Sen. J.D. Mesnard. As a state representative, the Chandler Republican sponsored a nearly identical measure in 2015 to shake up the line of succession in a way that ensures the next-in-line as governor is from the same political party as the governor that voters elected.” By Howard Fischer in AZ Cap Times.

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