The Dealmaker: 2/4/2019

[OPINION] Are public votes DOA on the Phoenix Suns arena deal? And is that a bad thing? (Disclosure: Rose Law Group represents the Phoenix Suns.) AZCentral columnist Abe Kwok lays out reasons he opposes efforts of the “anonymous force(s)” seemingly “bent on sabotaging” the Talking Stick Resort Arena renovation deal, whether such attempted derailment occurs at the ballot box or in a courthouse. http://bit.ly/2HTuHGl

Standing room only at meeting for new housing development proposed near west Anthem. “The developer facilitated the meeting on January 24, sharing details with residents about the 55.5-acre site [near 43rd Ave. & Circle Mountain], which is owned by Desert Hills 160 LLC, and its intent to rezone the site from ranch land to single-family residential with a density of about 3 homes per acre.” The Foothills Focus. http://bit.ly/2REsNZV

Phoenix saw rise in homes selling above asking price in 2018. “The percentage of homes selling for above the asking price has been declining nationally… but Phoenix is bucking that trend.” Get the local housing-market lowdown from the new Zillow report via KTAR. http://bit.ly/2t2K9pk

Surprise council OKs plan for Dysart Road frontage, makes way for new development. “The modified zoning affects 8.93 acres of an 18.96-acre parcel, located along the rail spur south and west of the southwest corner of Waddell and Dysart roads on the city’s eastern border with El Mirage, which was previously limited to industrial uses.” YourValley. http://bit.ly/2TA0ygQ

CBRE: Phoenix’s growth shows no signs of slowing. CBRE’s Paul Komadina: “Although supply and demand scenarios vary across property types, there is great opportunity remaining.” Get highlights from CBRE’s 2019 Phoenix Market Outlookand access the full report at AZRE. http://bit.ly/2WE8qQ8

Paying for future growth: Peoria updating impact fees. “With Peoria projecting about 17,000 residential dwelling units and more than 7 million square feet of non-residential growth in next 10 years, the city is poised to receive millions of dollars in impact fees from developers.”YourValley. http://bit.ly/2RDT0Yi

Town Council begins deliberations on Sanctuary resort SUP amendment.“The proposed amendment centers on the Sanctuary resort’s Gallery House, also known as ‘Casa 3,’ on the east side of the resort”. Town Council recently began “ironing out a statement of direction” for the project, and PV Independent has a recap of the discussions. http://bit.ly/2SpEUyl

Judge stops demolition of old Smitty’s grocery store in Peoria — for now.“An Arizona Republic columnist 21 years ago described the old Smitty’s as an ‘aging building with its boarded-up windows and doors and worn-out appearance.’ ” It looks like the building will continue in that condition, at least for a little longer, after a judge granted the property owner’s appeal seeking to put a pause on the city-ordered demolition. http://bit.ly/2Diyfwv

Maricopa Advocates give city positive attitude. Maricopa Mayor Christian Price was upbeat before a “large crowd of new [Maricopa Advocate Program] members,” at an event held by the city’s Economic Development Department last week. Check out Mayor Price’s wide-ranging remarks at InMaricopa. http://bit.ly/2WGcoYI

Residents gather to review Bellemont area plan. “More than 100 Bellemont residents gathered Thursday night to join in a discussion on the most recent draft of the Bellemont Area Plan, a 96-page document that will shape land use and development in the area for the next 20 years.” Arizona Daily Sun. http://bit.ly/2DRffq3

Cameron’s $5M + deals of the day – http://bit.ly/2TxqbP1

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