The Dealmaker: 2/19/2019

Eloy loses bid to delay land purchase for north-south freeway. (Disclosure: Rose Law Group represents Saint Holdings.) “Pinal County Board of Supervisors was asked to approve a purchase of land [from Saint Land Holdings] to eventually be right of way for the proposed freeway that would stretch from San Tan Valley in the north to Eloy.” In an “11th hour request,” the board was also asked to “hold off on the purchase.” It said yes to the former, no to the latter. Eloy Enterprise. http://bit.ly/2XblLQd

Casa Grande preparing for Lucid’s high-dollar Arizona car factory. “The Newark, Calif., company hoping to join the luxury car market gave an update to a Greater Casa Grande Chamber of Commerce luncheon in Eloy on Friday.” The update included a date-probable for a groundbreaking, plus info on the car-maker’sprojected economic impact in the area, including how it will drive “the need for more housing.” AZCentral has the recap. http://bit.ly/2tv4KD3

Surprise P&Z to consider 3-story, 83,000-square-foot Texas Rangers housing facility at City Center. (Disclosure: Rose Law Group represents TR Surprise.) “Located north of Greenway Road on Bullard Avenue, the proposed buildings will rise on 3.07 acres of undeveloped desert in the City Center, directly across the street from the Rangers practice fields.” Check out the rendering and get development details in YourValley. http://bit.ly/2trOjr1

$7,100 rent for a Phoenix condo. It must be spring training time. “Almost 26,000 homes, apartments, condominiums, RVs and bedrooms in the Valley are on Airbnb. But only about 100 of those places are still available… And prices have jumped.” AZCentral real estate columnist Catherine Reagor looks into the Valley’s “March madness for rentals.” http://bit.ly/2trPczR

Chandler apartment rent hike among top 10 in nation. “The average apartment rent increase in Chandler last year ranked the seventh highest in the nation among the country’s top 100 markets.” Another Arizona city also cracked ApartmentGuide’s “top 10 list.” See where, and find out “the major factors pushing the increases,” in EVT. http://bit.ly/2TYA2xA

Builder 100 Spotlight: New Home Co. maintains its customer-centric attitude. “After going public five years ago, the California builder is successfully competing in two red hot real estate markets” — and Phoenix is one of them. A chat with New Home Company CEO Larry Webb. http://bit.ly/2XaWuWq

[GUEST COLUMN] Pace: Rare 3-3 council split over five-plex proposal on Camelback Mountain. “[Sanctuary Resort] wants to build a multi-story party house with a pool, roof top bar and four connected rental units on less than one acre on Camelback Mountain.” What is Town Councilmember Julie Pace’s position? Find out in PV Independent. http://bit.ly/2XfqXlY 

Stream Data Centers buys 157 acres in Goodyear to create major tech campus. “Initially, Stream will redevelop the existing [418,000 sq. ft.] facility which at full build-out will [be able to support approximately 2 million square feet and will] contain approximately 50 MW of critical load.” More on what is the company’s first foray into the Phoenix market, at AZRE. http://bit.ly/2GRRJLO

Chandler Council OKs $500 million bond for Intel. “The city last week approved the issuance of Industrial Development Revenue bonds with the computer giant that will give the company access to half a billion dollars in bond money to help with its local expansion and other projects.” EVT. http://bit.ly/2EiFqWQ

Global CEO talks about water cutbacks in Drought Contingency Plan.“Ron Fleming, Global Water Resources president and CEO, addressed the members of the Maricopa Economic Development Alliance (MEDA) about the state’s Drought Contingency Plan on Wednesday. Fleming told the MEDA membership, “It’s a little complicated. It’s a little chaotic right now, but it’s not a crisis.” InMaricopa. http://bit.ly/2Sfj7VY

Bill would make it easier for Arizonans to get out of future timeshare contract. “Legislation approved Monday by the House Committee on Regulatory Affairs would give people who sign timeshare contracts 14 days to have second thoughts. That’s twice as long as they now have.” A Cap Media Services/Howard Fischer report in Arizona Daily Star. http://bit.ly/2SJjkWy

Tortosa resident’s complaints to HOA met with cease-and-desist letter.“Jim Kahlstorf said he wasn’t surprised lawyers representing the Tortosa Homeowners Association sent him a letter this month asking him to stop submitting complaints… Kahlstorf said he’s had multiple heart surgeries and needs to walk every day. He was concerned some parts of Tortosa did not have sufficient lighting to alert residents of cracks in the sidewalk.” PinalCentral. http://bit.ly/2E4Sgaf

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