The Dealmaker: 2/13/2019

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




Congratulations to Jack Sellers! Out of 13 applicants, Jack Sellers of Chandler has been named to the Maricopa County Board of Supervisors, filling the seat of former supervisor Denny Barney.

Pinal County buys land for lease, eventual sale to electric-car maker. (Disclosure: Rose Law Group represents Saint Holdings.) PBJ looks at Pinal County’s land deal with Saint Holdings and its lease agreement with Lucid Motors — major county moves that will bring the all-electric luxury car maker and its “$700 million production facility” to a 500-acre site in Casa Grande. (Subscriber Content)

FENDI Private Residences will debut at The Palmeraie. • 41 residences • 3,500 sq. ft. • At Scottsdale and Indian Bend • A BIT more on FENDI Private Residences • A LOT more on the 122-acre, $2 billion Palmeraie • At AZRE.

Finding the right product types for housing the fast-growing population of Phoenix. —> And doing so with the help of top execs from Deco Communities, NexMetro Communities and University Realty (Patricia Watts, Josh Hartmann and Randy Levin, respectively). The three were panelists at ULI’s “Future of Housing: Finding the Right Fit for Changing Demographics.”

312-unit multifamily development proposed in Tucson’s Rita Ranch. “HSL Construction Services, LLC has announced plans to develop Encantada at Rita Ranch, a luxury apartment community at the southeast corner of Valencia Road and Nexus Road.” Zoom in on elevations, plus get design and development details, at AZBEX.

Team formed to start construction of Creighton University at Park Central. “Construction on the expansive, two-phased Creighton University Health Sciences Building is slated to start this spring. Plaza Companies will oversee construction on the endeavor.” Find out which local construction players made the cut and get an overview of the large-scale medical-training facility project, in AZRE

Brewers unveil American Family Fields of Phoenix. “The Milwaukee Brewers formally unveiled renovations to their Phoenix spring-training home and announced a new name for the complex: American Family Fields of Phoenix.” Spring Training Online has the renovation rundown, including 11 recent pics showcasing some of the progress.

Planning Commission requests extension on Mountain View Medical Plaza. With the proposed makeover of Mountain View Medical Plaza at 10555 N. Tatum having recently faced some neighborhood NIMBYsm, the applicant has “requested additional time to review and discuss the proposal with the Planning Commission.” PV Independent. 

Valley Metro presents updated plans for South Central light rail. “The proposed extension would add 5.5 miles to the light rail from Jefferson to Baseline.” On Saturday, “Valley Metro held an open house” to “showcase updated aspects” of the “light rail extension design and answer community questions” — and Downtown Devil was there.

Arizona lawmakers demand say on debt deals following Capitol buy-back. “Lawmakers were taken by surprise when Gov. Doug Ducey kicked off the legislative session with an announcement that the state had regained ownership of some state buildings sold during a tough financial situation in 2010. Some state lawmakers don’t want to be surprised again.” Arizona Cap Times.

[REGIONAL] Support grows for bill that would legalize more home construction across California. “That bill… would give developers waivers to local zoning controls, allowing them to build apartment buildings up to 55 feet tall within a quarter mile of transit stops, or up to 45 feet tall within a half mile of transit stops.” And, as Reason reports, “74 percent of San Francisco residents are in favor” of it. 

Cameron’s $5M + deals of the day –



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

Click here for 2019 Arizona Legislative News

Those crazy legislators and their crazy bills. It’s deadline time at the Arizona Capitol for lawmakers to submit their bills, several hundred of which will be dead on arrival. With that in mind, RLGR Senior Reporter/Writer Phil Riske presents 10 measures likely to be ignored by the speaker of the House and president of the Senate.

Bill gives citizens right to sue schools, cities over elections. “Saying state and county prosecutors may balk, a House panel voted Tuesday to let anyone file suit to claim that public dollars are being used to influence elections,” Cap Media Services’ Howard Fischer reports in AZ Cap Times

Who’s running in the March Phoenix council elections? “Former council members Kate Gallego and Daniel Valenzuela resigned last year to run for mayor. [B]oth of their open council seats will be on the ballot March 12.” Four candidates will be vying for Valenzuela’s former seat, seven for Gallego’s. Get the rundown on all eleven in AZCentral.

With Mark Kelly in the Senate race, will other candidates jump in? “Shortly after [retired NASA astronaut Mark Kelly] unveiled his candidacy on Twitter on Tuesday morning, Rep. Ruben Gallego, D-Ariz., noted his own interest in the Senate race.” But does anyone else have designs on the Senate seat currently held by Republican Martha McSally? AZCentral.

Auditor General: Hit by recession, Arizona’s water department 10 years behind. “The failings laid out by the auditor general were primarily procedural, but these gross delays and lapses in reporting could nevertheless hinder the state’s long-term water management.” Phoenix New Times.

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February 2019