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The Dealmaker: 3/1/2019

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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




West Valley leaders pitch ‘opportunity’ to real estate developers, investors; Dan Gauthier, Rose Law Group transactional attorney handling many O-Zone investments, comments. PBJ covers yesterday’s Westmarc gathering in Avondale where “staff from eight cities” used a “creative approach” to zero in on O-Zone possibilities. (Subscriber Content) • Commenting on the event, Dan Gauthier tells RLGR: “Thoughtful participation and creative thinking by public officials and local governments are key to the success of economic development in opportunity zones.” http://bit.ly/2TmJJck

Goodyear city manager says city’s future is ‘bright. With “85,000 residents” in a city that’s “only 11 percent built out,” and with residents and officials “hungry for more development,” Goodyear is a “fantastic story,’ says City Manager Julie Arendall. And she’s sharing that story via West Valley Viewhttp://bit.ly/2EFnpCu

Baron Properties breaks ground on The McKinley. “[A] boutique offering 108 luxury apartment units for rent in downtown’s historic Roosevelt neighborhood.” AZRE has a bit more info on The McKinley, plus an overview on other new residential projects being developed by Baron Properties, Metrowest Development and Haselden Investments. http://bit.ly/2SDEwsh

Smoke Tree Resort developers host citizen review meeting. “The local team of new owners and operator detailed their plans [which] include 150 guest rooms, 30 resort dwelling units, special event venues and a neighborhood local-centric fresh market and eatery concept.” PV Independent has a news-release recap of the recent get-together. http://bit.ly/2TpvZxk

Daybreak project unveiled. “Developer Jeremy Hall, a principal with Phoenix Interests, LLC, is proposing a 400-unit luxury rental complex for a 60-acre site in Fountain Hills.” The Daybreak project would be situated on a “hillside previously approved for a conference resort on Palisades Boulevard just north of Shea.” More details about Daybreak in FH Timeshttp://bit.ly/2SB2Omr

Scottsdale CIP subcommittee seeks community input on unfunded projects, potential bond. Seeking to get a bond vote on the ballot in November, the city “is hosting five open houses regarding 67 unfunded CIP projects” which “fall into five categories: Planning and development; public safety; citywide services and technology; tourism and events/WestWorld; and community services.” Scottsdale Independent. http://bit.ly/2ErVPaj 

Apache Junction development fees to go up in 4 of 6 building types, according to draft plan. “Fees per residential unit may go up, while development fees for nonresidential construction would go down.” Check out the yo-yoed fee figures from the 53-page draft report in AJ Independent. http://bit.ly/2XytTdF 

Racing school, landlord agree on new deadline for paying back rent. “Bob Bondurant and his wife reached an agreement with an economic development arm of the Gila River Indian Community to extend to April 1 a deadline for paying $245,402 in back rent.” For more on this latest development concerning the Bob Bondurant School of High Performance Driving, make a pit stop at EV Tribune. http://bit.ly/2UcGOjq

Zoning: Desert Vista lot splits council. Six months with “no action taken to improve” a parcel at Saguaro and Desert Vista in Fountain Hills had town officials “asking that the property be returned to its original C-1 zoning designation.” That didn’t happen. For details on how council’s split-vote and rezone rejection unfolded tap to FH Times. http://bit.ly/2T8Q8bG



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

Click here for 2019 Arizona Legislative News

Drink up, Arizona, it’s lemonade, not milk. Got Lemonade? The Arizona House on Thursday ignored the state’s dairy industry and voted to make lemonade the state drink. RLGR Senior Reporter/Writer Phil Riske looks at other states in the U.S. and the drinks they’ve adopted. http://bit.ly/2EF0EyC

Letter from Phoenix Country Day School fifth-graders sparks “Birthday Suit” glaze-color name change. While working on a project in Ms. Bloomston’s fifth-grade art class at Phoenix Country Day School, students came across only one glaze color for skin tones. That color was called “Birthday Suit,” which didn’t sit well with the students. “So, they took action to spark a change.” The story in this FOX 10 video feature. http://bit.ly/2tTdJOJ

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