The Dealmaker: 2/28/2019

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!

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