The Dealmaker: 2/26/2019

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

 

 

 

Phoenix Country Day School student captures free throw shooting championship. “Doing his best impression of NBA sharpshooter Steph Curry, Phoenix Country Day School fourth-grader Carson Rose last weekend in Apache Junction captured the Arizona state title in the Boy’s 10-11 division for the Elks Club National Free Throw Championship.” (Surely he didn’t get this talent from his mom, Jordan Rose.) Read about Carson’s incredible performance in PV Independenthttp://bit.ly/2Ntiszm

Goodyear gives OK to expedited Microsoft development. (Disclosure: Rose Law Group represents PHX 10-11.) With “enthusiasm,” the “Goodyear City Council on Monday evening unanimously approved a development agreement that intends to allow Microsoft Corp. to begin development on its 279-acre site on a fast-track schedule.” PBJ has the news. (Subscriber Content). http://bit.ly/2IEe8yE

Microsoft to begin construction in Arizona suburb as Goodyear City Council approves deal. More on Goodyear’s unanimous approval of the development agreement in AZCentral, featuring more positivity for the deal, this time from pumped-up Mayor Georgia Lord. http://bit.ly/2XiWsf4

Resolution, Town of Superior sign historic agreement. (Disclosure: Rose Law Group represents Resolution Copper.) “The Town has been working collaboratively with Resolution Copper on significant economic and community development agreements for the past year.” The results: A total of three agreements, including one “specifically designed to attract and incubate new businesses in Superior.” Details in CopperArea. http://bit.ly/2BOanAP

Committee kills bill to fund groundwater for Pinal County farms. “A House panel quashed a bid Monday by Pinal County farmers to get the state funds they say they need to produce the extra water needed for the drought contingency plan.” And Rep. David Cook, R-Globe, was NOT at all happy about it. A Cap Media Services/Howard Fischer report in Arizona Cap Timeshttp://bit.ly/2U4d2gK

Phoenix Pointe Hilton resorts acquired by New York investor. “The new owner is Fortress Investment Group LLC, a New York-based real estate investment company. Fortress is a subsidiary of SoftBank Group, a Japanese multinational holding conglomerate.” PBJ has the paywalled report. http://bit.ly/2To6Ovi

Phoenix ranks among top cities in nation for housing, job growth. With a Housing Opportunity Index (HOI) showing that “56 percent of the homes sold were affordable to a medium-income earner in Phoenix,” we are absolutely CRUSHING cities like San Fran and L.A., where the HOIs were in single digits. Hear about it at KTARhttp://bit.ly/2Edl1S8

[GUEST COLUMN] Innovation drives WV’s health care boom. “Anyone traveling the I-10 between Watson Road and 99th Avenue can quickly see the West Valley’s booming health care sector,” notes Erin Thorburn in West Valley View. The author and freelance reporter looks at how, “in 2019, the West Valley has it all when it comes to health care: New facilities, job creation, diverse education, and innovative care and treatment.” http://bit.ly/2EfIGkQ

At Gateway Airport, U.S. and Mexico are one. “The center marks a unique partnership that opens up a burgeoning e-commerce market for both countries.” AZ Chamber CEO Glenn Hamer: “For Mesa to become the epicenter of e-commerce shipping with Mexico is a huge deal… We think e-commerce in Mexico is about to take off like a rocket ship.” EV Tribune. http://bit.ly/2StLyj8

PhoenixMart takes ‘suspicious’ investment group to court. “According to court documents recently filed in Maricopa County Superior Court, developers of the ‘global product marketplace’ under construction near Casa Grande want to be paid back $25,000 for services they say were never done.” The story in PinalCentral. http://bit.ly/2U4euzI

UA, Mortenson open Cole and Jeannie Davis Sports Center. “As home to Wildcat Athletics, the multi-use sports facility will provide safe, all-weather practice areas for football and other sports, as well as serve as an additional game day fan experience venue.” View pics of the new $16.5 million facility, outside and in, at AZRE. http://bit.ly/2H4sGFq

Our Lady of the Angels rises at ‘Casa de Paz y Bien’ of Paradise Valley.“Our Lady of the Angels Church is being built to last in the community for at least 100 years, church officials say, and is well on its way…” General Manager Charlie Brown: “The milestone of 70 years here in Paradise Valley has been iconic. Knowing that the Casa idea was first birthed over a ham sandwich and beer with the friars and former owners of the Kachina Lodge is quite amazing.” PV Independent. http://bit.ly/2EyGS7K

Design, planning set to commence for Raintree Drive roadway project.  “This extension will simplify the route from Hayden Road to Scottsdale Road and help to relieve some of the traffic congestion experienced on Frank Lloyd Wright Boulevard.” And it will do so in a ‘roundabout’ way. Scottsdale Independent. http://bit.ly/2tIwGDj

 

 


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

Click here for 2019 Arizona Legislative News


TAX HELPS STADIUMS, HERTZ TOURISTS?  Rental-car tax that supports sports facilities is legal, Arizona Supreme Court says. “The case was led by a rental-car agency and has wound its way through the state court system. Rental agencies argued the tax violated state and federal commerce laws because it discriminated against tourists, who rent more cars than state residents. The courts said it didn’t.” AZCentral. http://bit.ly/2Xpv8Mo 

Arizona income tax credits are 93,000% larger for companies than individuals. Or as Jim Small calculates in his Arizona Mirror report: “That makes the average claim for businesses $232,284, while we individuals averaged claims of a mere $249.” Tap on for the entire number-crunching tax-credit treatment. http://bit.ly/2SrO0qf

Wary of Trump’s approach, governors seek to forge own trade agreements; Ducey supports the president’s views on trade. “As the Trump administration seeks to renegotiate trade deals with countries around the world, governors have been stepping up their own efforts to promote their states abroad.” A Governing recap of the recent National Governors Association winter meeting. http://bit.ly/2EyVAvB

Hobbs says Reagan staffers deleted public records. They did so “before leaving office in January, according to the new Secretary of State, Katie Hobbs.” AZ Cap Times reports, however, that Reagan “had no clue what Hobbs was referring to,” saying, “I don’t know if someone in IT did something hinky, but it wasn’t at my direction.” http://bit.ly/2VpdFSy

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