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 Independent

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).

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.

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.

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 Times

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.

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 KTAR

[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.”

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.

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.

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.

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.

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.



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. 

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.

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.

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.”

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

Cameron’s $5M + deals of the day

Cameron Carter, Director of Rose Law Group’s Transactional Real Estate Department, thinks you need to know about these transactions in Maricopa County. Price: $27MBuyer:  Tides on 19th Partners, LLC

Read More »
February 2019