The Dealmaker: 2/11/2019

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





[FEATURE] Adam Trenk, Rose Law Group partner and director of Equine Law, talks riding, real estate and career successes. A track record of accomplishments that include: Creating the Helicopters Tourism & Jobs Council, serving on Cave Creek Town Council, recently making partner in Rose Law Group, and putting another legal feather in his riding cap with admission to the Kentucky Bar Association. All that and more in this RLGR Q&A with Adam Trenk

Bankruptcy outcome sets stage for redefinition of Phoenix real estate’s crown jewel. Having secured “96.5 acres and exclusive Master Developer Rights on nearly 6,000 acres” at Desert Ridge, Crown Realty “appears likely to play an unprecedented role in how the future of economic development will unfold.” In PV Independent, CEO Robert Flaxman and VP Rick Carpinelli discuss the recent acquisition and “the next generation of development in the area.”

Peek inside historic homes in Phoenix’s neighborhood. Home-touring season is underway, ‘drawing crowds’ and ‘solidifying values,’ as AZCentral real estate columnist Catherine Reagor reports on the Willo Historic District Home Tour 2019 — featuring a 38-image SLIDESHOW of the “Tudor revival, Spanish mission, French provincial and traditional ranch homes.”

Costco finally eyes Surprise after years of request; would be a ‘retail success.’ “The [unofficial] confirmation that Costco is coming is the culmination of years of due diligence on the part of the city’s economic development team, which has constantly, affectionately told Costco officials that the retail giant is wanted.” AZCentral.

ELS pulls the Rojo Grande Project that aimed to put 600 manufactured homes outside Sedona city limits. Equity LifeStyle Properties has withdrawn “its application for the project in an email to the county,” Red Rock News reports. The reason? Yavapai County Supervisor Randy Garrison puts it this way: “I think the handwriting was on the wall.”

2019 forecast and how it affects the future of commercial real estate. “We are in the second longest economic expansion in US history and, according to Economist Elliott Pollack, expansion is expected to continue, albeit at a slower pace in 2019.” By Marina Hammersmith, CCIM, in AzBigMedia.

WHOSE WATER IS IT? Salt River Project explains historic rights, questionable rights, water certainty. “Salt River Project has asked 125 Camp Verde landowners to review historical documents and enter into agreements regarding historic water use for their properties.” CV Bugle talks with SRP Water Rights Analyst Lucas Shaw who shares some insight.

Steve Trenk: Eclectic cannabis entrepreneur. As a way of bookending this Dealmaker section, we present another Trenk Q&A, this time an interview in Forbeswith Steve Trenk, the father of Rose Law Group partner Adam Trenk. Steve is a Rose Law Group client who is the CEO and Founder of Tech Holdings, a company on the cutting-edge of cannabis innovation.



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

Click here for 2019 Arizona Legislative News

Ducey-legislature standoff leaves tax filers in limbo. “The tax forms printed up and being sent out by the Department of Revenue presume that lawmakers eventually will cave in to [Gov. Doug Ducey] and adopt changes he wants in state tax law…. Only thing is, Ducey has been unable to get the Republicans who control the House and Senate to agree.” A Cap Media Services/Howard Fischer report AFN.

[VIDEO] Senate postpones debate on bill that would legalize Arizona sports betting. “The bill brought forth by Republican Sen. Sonny Borrelli would introduce sports gambling to the state by giving the Native American tribes exclusive rights.”  So why the raincheck on a discussion about the bill? Sen. Borrelli explains in this Cronkite News report.

Proposal would shift control of voucher program from Education Dept to treasurer. “The proposal by Sen. David Livingston, R-Peoria, comes as a Democrat takes the helm of the Department of Education for the first time in more than 20 years.” With Republican Kimberly Yee now in the Treasury office, is the “issue” a “partisan one”? Livingston says no.

Phoenix City Council candidate speed dating forum draws small crowd. Those who attended the “speed dating” event were afforded “one-on-one, ten-minute conversations with candidates from City Council Districts 5 and 8.” Turnout was a bit on the thin side. But, hey, Downtown Devil was there!

Scottsdale a far more healthy place to live than Tempe, Phoenix, survey states. “To determine which areas prioritize residents’ well-being, WalletHubcompared more than 170 of the most populated U.S. cities across 42 key indicators of good health, [from] cost of medical visit to fruit and vegetable consumption to fitness clubs per capita.”

‘Saturday Night Live’ spoofs Kyrsten Sinema as ‘Kooky Arizona Lady.’Sinema was joined by “House Speaker Nancy Pelosi, D-Calif.; Rep. Alexandria Ocasio-Cortez, D-N.Y.; Rep. Rashida Tlaib, D-Mich.; and Rep. Maxine Waters, D-Calif.… They were all garbed in white dresses like many actual lawmakers wore to President Donald Trump’s State of the Union address.” WATCH via AZCentral:

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February 2019