The Dealmaker: 2/25/2019

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




Water an issue but not a crisis, Pinal panel says; Rose Law Group Founder and President Jordan Rose sums up the ‘dry’ topic. Drought and its impact on growth was the ‘800-pound gorilla in the room’ during the Pinal Partnership meeting on Friday. “Panelists included Chuck Cullom of the Central Arizona Project, Ron Fleming of Global Water Resources, Bill Garfield of Arizona Water Company and Pinal County Supervisor Steve Miller” — with Jordan Rosemoderating.” CG Dispatch has the recap.

Tribal leaders end threat to walk away from river drought deal. Gila River Indian Community Gov. Stephen Roe Lewis “had threatened to pull out of the agreement if the Legislature didn’t drop a bill that he said would undermine the community’s water rights.” Those words of warning apparently worked. Last week, House Speaker Rusty Bowers “said he was pulling the bill.” AZCentral.

Secretive Microsoft project goes to vote: Will it be a jobs win for Goodyear? (Disclosure: Rose Law Group represents PHX 10-11.)  “A ‘yes’ vote will let the tech giant start construction on its first two buildings before site plans have been approved….” READ ON at AZCentral

Goodyear set to vote on expedited Microsoft development. PBJ has more on today’s scheduled vote from Goodyear City Council on the “development agreement that intends to allow Microsoft Corp. to begin development on its 279-acre site on an expedited schedule.” (Subscriber Content).

Meow Wolf plans huge hotel, art space for Roosevelt Row. • A 75,000 sq. ft. exhibition space • 10,000 sq. ft. music/performance venue • 400 rooms designed by local artists •  At 811 – 817 N. 3rd St. • More on the Meow Wolf/True North Studio project in AZRE

A big year in multi-family: Peoria approved a whopping 156 permits in 2017. Big year indeed! — particularly because there were ZERO “permits approved the previous year” and only THREE in 2015 and FIFTEEN in 2014. The “theories” behind the multi-family surge, plus a rundown of “three large-scale apartment complexes totaling nearly 1,000 units” currently in various stages of development — in YourValley.

Hub IV mixed-use proposed for Tucson Main Gate District. “[Core Campus’] Hub IV at Park & Speedway will be a six-story, mixed-use development consisting of 115-135 ‘town home style’ dwelling units with room for up to 499 beds, and approximately 9.5KSF of retail on the ground floor.” AZBEX.

Town Hall on Ahwatukee Lakes Golf Course slated March 9. Lakes owner Wilson Gee “insists that houses are the only future for the defunct golf course and one of the reasons why Save the Lakes is presenting the three golf course experts is to refute that contention.” AFN previews the upcoming town meeting — including all the legal wrangling that’s led up to it.

Judge officially ends former owner’s efforts to keep Club West. Richard Breuninger’s “fight” to “reinstate the bankruptcy petition he filed last August to stall owner Wilson Gee’s foreclosure on the $1.3 million note Breuninger had signed on Dec. 1, 2017, to buy the course” has been KO’d by a federal BK judge who “put an official stamp of rejection” on the petition. AFN.

State of the Town: Queen Creek’s future set on 5 priorities. “Effective government, secure future, safe community, superior infrastructure and quality lifestyle.” Those are the “five strategic priorities” that were presented by Mayor Gail Barney and members of the Queen Creek Town Council at the 2019 State of the Town Address.” Get a recap and WATCH the State of the Town Address, in full, via QC Independent



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

Click here for 2019 Arizona Legislative News

Salt River Project’s controversial solar rates could change, but alternatives raise concerns; RLG Co-Founder, Senior Partner, and Director of Renewable Energy, Court Rich, ‘discouraged’ by the proposals. (Disclosure: Rose Law Group represents Sunrun Inc.) “The action is set to come four years after SRP approved a required rate for solar customers called E-27. The change dramatically reduced the number of people installing solar in the utility’s territory.” Count Court Rich among those critical of the new proposals: “Our initial analysis of the new rates is that they may actually be of less value to solar customers than E-27, which is sort of hard to imagine.” More from Court in this AZCentral report.

How to grant your child an inner life. “Who is speaking up, today, for a young person’s right to a private life, to secrets, unshared thoughts, unmonitored conversations and relationships?” By Jess Row in The New Yorker.  

With women in combat roles, a federal court rules the male-only draft unconstitutional;  Rose Law Group litigator Evan Bolick weighs in. “The case was brought by the National Coalition For Men, a men’s rights group, and two men who argued the all-male draft was unfair.” On Friday a “federal judge in Texas” agreed, ruling that ‘the time has passed’ for a debate on whether women belong in the military.” USA Today. “legal scholars will be closely reviewing this decision” click through for more from Evan. 

Sports gambling isn’t gaining yardage in Legislature as tribes throw blocks. “SB 1158, introduced Jan. 23 by Sen. Sonny Borrelli, R-Lake Havasu City, would allow sports gambling in the state by giving Native American tribes exclusive rights. It has since been bogged down [as] three tribes oppose the bill…” Cronkite News.

Where’s the beef?’ Rancher’s bill puts some meat in agriculture law. “State lawmakers want to make sure that when a shopper asks ‘where’s the beef’ that what they’re buying actually came from a steer or a cow. Ditto on chickens.” A Cap Media Services/Howard Fischer report in Arizona Daily Sun.

After stinging presidential loss, popular vote movement gains momentum in states. “Democrats have been stung by the fact that President Trump’s victory marked the second time in five cycles that a Democrat lost the presidency while winning the popular vote.” Now, “Democrats in Colorado and New Mexico are pushing ahead with legislation to pledge their 14 collective electoral votes to the winner of the national popular vote — no matter who wins each state.” npr.

Southeast Valley suburbs work harder than in Phoenix, survey states. “[S]ome U.S. cities represent the strong work ethic that helped to build the world’s biggest economy better than others. In order to determine which cities outwork the rest of America, WalletHub compared the 116 largest cities across ten key metrics.” Dealmaker: 2/21/2019

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February 2019