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The Dealmaker: 2/28/2019

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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

 

 

 

Suns, city issue first RFQs for Talking Stick Resort Arena renovations.  (Disclosure: Rose Law Group represents the Phoenix Suns.) The Suns “have issued two requests for qualifications, while the city of Phoenix is expected to issue its first RFQ” today. So what exactly are the Suns and city each seeking when it comes to selecting firms that will “actually do the work”? Get specifics via PBJ. (Subscriber Content) http://bit.ly/2UdZNKn

Az Republic reports on water in Pinal; ‘no actual shortage’ says Rose Law Group Founder and President Jordan Rose in AZCentral. While there is discussion about future water use in the area, developers and lawmakers “contend the situation isn’t as dire as it sounds,” as Jordan Rose, who represents dozens of developers in the area, explains: “It’s just really an issue of some very large speculative development plays locking up water supply during the housing boom.” http://bit.ly/2IJ6oLT 

LA offers way to get Colorado River drought plan across the finish line.“Metropolitan Water District of Southern California has offered to break an impasse on a seven-state Colorado River drought contingency package by contributing necessary water from its own reserves on behalf of the Imperial Irrigation District.” Why is Metropolitan helping? Apparently, it “had no choice.” Palm Springs Desert Sun (RELATED, at AZCentral: “Mountain snow still not enough to end Colorado River drought.”) http://bit.ly/2Tktpst

City votes to abandon alley at Sixth Avenue, Fillmore. Trammel Crow’s  692-unit multifamily project, councilmember controversy, a “1,000-foot-long super block,” “essential alley access,” potential traffic accidents — all figure prominently in this Downtown Devil report on Phoenix’s recent decision to officially say ‘good riddance’ (so to speak) to the backstreet. http://bit.ly/2HcFjho

Golf resort with other development potential on market east of Phoenix.“I’ve sent out 100 NDAs… I have a lot of interest,” boasts a broker from the firm listing Gold Canyon Golf Resort, which “already” has parcels approved for apartments and townhomes and is now “on the market for $34 million.” Further details, more touts, plus a 38-pic SLIDESHOW, in PBJ. (Subscriber Content) http://bit.ly/2T4IAqm

Toll Brothers win big at The Nationals 2019 Earlier this month Dealmaker learned Toll Brothers was a finalist at NAHB’s The Nationals 2019. Now we hear, via Arizona Foothills Magazine, that the builder took home the “Gold’ in all three categories for which it was nominated! — including two top awards for The Pradera at Toll Brothers at Whitewing in Gilbert. http://bit.ly/2BW0mRW

Does San Tan Valley need more businesses or apartments? That’s what SanTanValley.com wants to know from its readers in a report on rezoning efforts by Hancock Communities “to build 132 ‘single-story attached/detached single familyrental units’ ” at Gantzel and Combs. (Featuring a colorfully illustrated aerial layout.) http://bit.ly/2VwVwCl

Cities fighting bill that guts local oversight of landlords. “The bill [HB 2115] was recently amended to grandfather in ordinances and codes passed by cities and towns prior to Dec. 31, 2018, but the change hasn’t mollified cities and towns.” Arizona Mirror. http://bit.ly/2NzkIFx

6.5 reasons you will probably pay too much for your house without realizing it. Forbes real estate contributor Amy Dobson reveals “the hidden forces you don’t even know are there when you make an offer on a house, buy it and then have the brazen wish of actually wanting to live in it.” http://bit.ly/2IIYySb

Pinal board hears revenues rising with economy. “[A] booming economy has resulted in increased revenues for county coffers. That’s the message the Pinal County [BOS] heard at a meeting Wednesday when members received an update on this fiscal year’s budget and got a preliminary look at next year’s.” PinalCentral. http://bit.ly/2Hc5wwV

West Valley city officials offer updates during chamber event. “Southwest Valley Chamber of Commerce President/CEO John Safin hosted an event with city managers Bill Stephens (Litchfield Park), Julie Arendall (Goodyear), Reyes Medrano (Tolleson) and Charles Montoya (Avondale).” West Valley View reports: “Growth was a major theme.” http://bit.ly/2tKSZIw 

Cameron’s $5M + deals of the day – http://bit.ly/2Xv4mC8

 

 


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

Click here for 2019 Arizona Legislative News


[SCOOP] Banking on drought: private companies see profits in Southwest water shortages. “[Vidler Water Company] and Water Asset Management are among a handful of companies vying to wring profits from the Southwest’s most critical, coveted, and contentious resource…” Phoenix New Times. http://bit.ly/2UeGsbYLawsuit: Johnson Utilities says Queen Creek presented false information. “Johnson alleges Queen Creek presented false information to the corporation commission as part of a ‘scheme’ to discredit the company. Johnson was the subject of a lengthy investigation by ACC last year, which ended with the commissioners appointing EPCOR to act as an interim manager.” STVS. http://bit.ly/2T78IB1

House OKs open-spaces bill that includes thousands of acres in Arizona.“[A] La Paz County land deal [‘5,935 acres… for a proposed solar farm’] was one of nine projects in Arizona… that got a final OK Tuesday when the House gave overwhelming approval to the Natural Resources Management Act.” Full report along with the news source it stems from, available via RLGRhttp://bit.ly/2Syb8TU

Ducey declares Arizona ‘pro-vaccination’ state, vows to kill vaccine exemption bills. “Gov. Doug Ducey promised Wednesday he will not sign several controversial bills moving through the Legislature that could lead to fewer children being vaccinated… Specifically, Ducey was referring to three bills proposed by Rep. Nancy Barto, R-Phoenix.” Arizona Cap Times. http://bit.ly/2IKVC7F

Arizona Attorney General opens criminal investigation into ‘deleted’ Michele Reagan emails. “Two special agents are scheduled to meet with current Secretary of State Katie Hobbs on [today] to talk about months worth of emails allegedly deleted by her predecessor [Michele Reagan].” As for Reagan’s take on the allegations, the former Sec. of State tells The Arizona Republic, “Nobody has any idea what Katie is talking about.” http://bit.ly/2HaD4eD

Arizona’s partisan split on bolstering background check on gun transfers. “The Bipartisan Background Check Act of 2019 was just barely bipartisan, with five Republicans among the 233 co-sponsors and only eight GOP votes in the final 240-190 tally. Just two Democrats voted against the bill.” Lawmakers give their views on the bill in Cronkite Newshttp://bit.ly/2SAJhTr

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