The Dealmaker: 2/12/2019

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




Judge lets Pinal County keep collecting RTA tax. (Disclosure: Rose Law Group represents a coalition of property and business owners throughout Pinal County working to bring new transportation infrastructure to the county.) BIG NEWS — “Maricopa County Superior Court Judge Christopher Whitten issued a ruling last week that granted Pinal County’s request to continue collecting taxes… until an appellate court decides whether it’s legally valid.” Casa Grande Dispatch.

Thank you city leaders and Phoenix residents! (Disclosure: Rose Law Group represents the Phoenix Suns.) By securing the future of Talking Stick Resort Arena, we will continue to have a downtown that benefits everyone. WATCH:

Defer Gain launches Opportunity Fund. (Disclosure: Rose Law Group represents Defer Gain.) Defer Gain is one of the only operating Qualified Opportunity Funds in the region and the only Fund with four ready-to-go projects. By Dan Gauthier, an attorney at Rose Law Group pc handling many Opportunity Zone investment counseling and Opportunity Fund structuring.

3 new hints emerge on final Opportunity Zone rules; beginnings of ‘clear path forward,’ says Dan Gauthier, Rose Law Group transactional attorney handling many O-Zone investments  Forbes contributing columnist Joshua Pollard highlights “three recent developments from Washington that will have critical impact on the final guidelines for the program.” Commenting on the report, Dan Gauthier tells RLGR that a “clear path forward is forming for Opportunity Zones, stemming from widespread interest among both public and private sectors.”

Only six sober-living homes in Phoenix? Even with licensing, homes operate unregulated; Evan Bolick, Rose Law Group litigation and land use attorney who often handles neighborhood concerns relating to sober living homes, comments. “While some residents allege many owners are ignoring the licensing requirement, the city says few residents are actually reporting possible violators.” – AZCentral • In RLGREvan Bolick provides some insight on how cities can be “pro-active” when it comes to informing “residents of their options when they discover a sober living home in their neighborhood.”

Queen Creek approves Shops at Terravella final plat. “The commercial subdivision, which sits on the northeast corner of Queen Creek and Ellsworth roads, features five lots in the shape of an L and will sit on 8.7 acres.” The “L” configuration must stand for the letter “L,” as in ALDI grocery store, which sill be anchoring the 45,000-square-foot commercial center. QC Independent.

Surprise City Center master plan slated for summer release; more public outreach planned. “Scott Phillips, vice president of Scottsdale-based Carefree Partners, confirmed his group has selected a design firm to oversee the development of a master plan for the more than 500 remaining acres awaiting development at the City Center.” YourValley.

[VIDEO] Gilbert’s new mission is to be the ‘City of the Future.’ “As Gilbert approaches its 100th birthday in 2020, the new mission statement is focused on keeping the thriving community that Gilbert is today well into the future.” Sans question mark, the short video in AZ Business Magazine asks, “Do we go the way of cities before us and stay stagnate in our growth, or do we innovate and lead.” Check it out!

Report: Valley among fastest-growing tech markets in U.S. “Tempe is one of the fastest growing tech submarkets in the U.S., and metro Phoenix is one of the fastest growing tech markets.” Tempe Economic Development Program Manager Maria Laughner, and CBREs Colin Yasukochi and Kevin Calihan provide tech-market insight in this YourValley report.

Developer lowers number of four bedroom units in Butler/Sawmill development; council wants more. “238 units were planned for the [Asset Plus Corporation] development, 190 of which were to include four bedrooms and four bathrooms. As a result, only 48 units would be one, two or three bedrooms. The disparity in the bedroom totals within units rubbed many of the [Flagstaff] councilmembers the wrong way.” Arizona Daily Sun.

Pollack: Uninterrupted recovery slows. “Forecasts are moderating to lower levels of growth, but still expect a growing economy for both this year and next,” explains The Monday Morning Quarterback. Data ‘Snapshots’ include —> U.S.: GDP • Manufacturing & Non-manufacturing • Consumer Credit • Vehicle Sales. AZ: The Cromford Report – Listings & Resales.

She’s the king of modern Phoenix if you have to have a Haver. Phoenix New Times profiles Alison King — how she became “the midcentury maven of Maricopa County,” a Ralph “Haver scholar,” and the go-to source for “modernist influences.”



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

Click here for 2019 Arizona Legislative News


Senate votes to repeal $32 state vehicle registration fee. “The measure now goes to the House. But even if it gets approved there — and there appears to be strong support for that — it faces an uncertain future.” A Cap Media Services/Howard Fischer report in PinalCentral.

Young people exempt from minimum wage under Republican bill. “[A] House panel voted Monday to let employers pay students who are part-time workers just two-thirds as much as they do anyone else.” (RELATED, also by Howard Fischer in AZ Cap Times: “Senate bills aims for Arizona to pay half of in-state tuition.”) Bill backers and detractors But Riches argued that, technically speaking, nothing in the legislation affects what voters approved. Lawmakers weigh in.

As expected, former astronaut Mark Kelly to run for Arizona’s U.S. Senate seat. “Kelly, a Democrat and husband to former U.S. Rep. Gabrielle Giffords, made the announcement of his 2020 campaign in a tweet.” WATCH at KTAR

Arizona Sen. Carl Hayden’s chair stolen from Phoenix storage unit.“Among the items that were taken was a custom-made, leather-upholstered, mahogany arm chair that was in Hayden’s office when he served as a senator,” KTARreports. “Where in the world is the late U.S. Sen. Carl Hayden’s chair?” That’s the “$7,000″ question Phoenix PD is asking.

Loss of local newspapers means political regression. “The past decade was brutal for the local press, and the numbers behind the collapse of local newspapers are staggering.” This report from NeimanLab looks into this “shift in media” and the “direct effect” it may have “on how people vote.” The bumper sticker takeaway? “Reduce Political Polarization — Save Your Local Newspaper.”

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February 2019