The Dealmaker: 2/27/2019

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




Emotions run high as Town Council mulls over Sanctuary SUP. Paradise Valley “Town Council spent nearly three hours ironing out” SOD “details with the conversation, at times, turning contentious” over the proposed Casa 3 improvements. Tap to PV Independent for a recap of the recent municipal testiness, along with a rendering of the proposed development that’s causing it all.

Downtown Tempe’s “The Local” to open April 2019.  286 units • Studio, one-, two- and three-bedrooms • Anchored by a ground-floor Whole Foods • At University & Ash • Developed/owned by Forum Real Estate Group • Managed by Mark-Taylor Residential • Detailed rundown of The Local’s “hotel-worthy amenities and services” • At RED News

Lennar closes on 195-lot prelim plat for $6.7 million in Marana. Within the much sought-after location of “Twin Peaks corridor,’ in a deal RED News reports as “one of the largest number of lots sold in a single transaction for the past year in metro Tucson.” —>

Pending home sales jump 4.6 percent in January. All four major regions saw growth last month. Chief Economist Lawrence Yun weighs in with a thumbnail analysis along with a sales forecast for 2019. Read the report in RLGR

Top 20 counties with the most foreclosure starts. ATTOM Data Solutionsbreaks down the data to find the counties the “most foreclosure starts” to start the new year. One county in Arizona cracks the top three. Being careful not to spoil it by blurting out the name of the county, here’s just a hint: Its name begins with an “M” and ends with an “opa.”

South Scottsdale may get its first cannabis dispensary; Justin Brandt, Rose Law Group litigator, highlights city’s setback requirements. Sunday Goods, an “Arizona-based cannabis company,” would be the “first medical marijuana dispensary south of Camelback” and would “fill a need created by a lack of dispensaries in southern Scottsdale.” The story in Scottsdale Progress

PV couple may lose racing school to tribal firm. “Unless they come up with $245,402 by Friday, Valley motorsport legend Bob Bondurant and his wife will lose the cash-strapped Chandler racing school bearing his name to an economic development arm of the Gila River Indian Community — and lose nearly 80 cars with a total value of more than $9 million.” Scottsdale Progress.

New water sports complex coming to Gilbert. “A 25-acre water sports complex will be built on three lakes at the Gilbert Regional Park under construction in South Gilbert. The $35M water park will be a public-private partnership between Gilbert and The Strand @ Gilbert” and it will be “unlike other American water parks.” For an overview and images, catch a wave to AZBEX

Father and son duo create a legacy of scholarships at ASU. Driven by a “sincere desire to invest in the next generation of construction trade contractors and luxury homebuilders,” the Meeks — Jerry and son Jeremy of Desert Star Construction — “have initiated two scholarship funds” to support ASU’s “Ira A. Fulton Schools of Engineering as a part of their legacy.” ASU Now.

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

Visiting Hell and back again. Former Maricopa councilwoman Phyliss Von Fleckinger tells Phil Riske | Senior Reporter/Writer RLGR that moving from one “hell” to another saved her marriage.

Newsroom travesty continues in Arizona. “A list of household names on the Arizona Daily Star staff must soon decide if they’ll stay on the job — the newspaper’s corporate owners have offered buyouts for older workers, with the veiled threat of potential layoffs pending if not enough staffers accept.” TucsonSentinel. 

What MLB commissioner Rob Manfred says about Chase Field. “Manfred was outspoken two seasons ago about the Arizona Diamondbacks leaving Chase Field if Maricopa County didn’t pour significant money into stadium upgrades… Now that the Diamondbacks have taken control of the stadium under a new agreement with the county, Manfred at a recent media event had less to say.” AZCentral.

As tribes voice opposition, new sports betting bill moves forward with 6-3 vote. New language in Senator Sonny Borrelli’s bill would “legalize sports betting in Arizona by giving exclusivity to the state’s Indian tribes… Except for the Navajo Nation, all the tribes in attendance expressed opposition to the bill prior to the vote in favor…” Cronkite News.

Congress sends Trump lands bill that would protect more than 2 million acres. “Years in the crafting, the measure combines more than 100 separate bills that collectively would designate 1,340,000 acres of new wilderness, 367 miles of new scenic rivers, and 2,600 miles of new national trails.” And that isn’t all that’s included in the Natural Resources Management Act. More on the bill in USA Today.

Arizona delegation splits on party lines as House blocks Trump’s border wall emergency. The vote was 245-182, with four Arizona Republicans” voting “against the resolution,” and five Democrats voting in favor of blocking “President Trump’s emergency border wall declaration.” How will the resolution fare in the Senate? Arizona Mirror takes a look.

Giffords rounds up former colleagues, victims, to rally for gun bill; Lesko lambasts the measure [VIDEO]. “Former Arizona Democratic Rep. Gabrielle Giffords rallied House lawmakers Tuesday to support a bill that would expand the requirement for background checks on private gun sales.” Rep. Debbie Lesko’s response? “HR 8 would not have prevented any of the mass shootings in the last 20 years.” More from Lesko (R-Peoria), and from other lawmakers, in Cronkite News

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February 2019