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The Dealmaker: 3/13/2019

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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





Kate Gallego wins big in race for Phoenix mayor. Congratulations to Kate Gallego! She walloped opponent Daniel Valenzuela in Tuesday’s election to become the next mayor of Phoenix. For AZCentral election coverage plus RLGR pics of the victory party, tap it. http://bit.ly/2T1N7Fi

The land of Opportunity Zones. Tuesday morning at Rose Law Group was all about opportunity zones, when the firm hosted 62 people at an in-depth discussion with a panel of experts moderated by firm President and Founder, Jordan Rose at its Scottsdale office. Full report by Callan Smith in RLGRhttp://bit.ly/2JbEnMX

IF YOU PARKED HERE, YOU’D BE HOME BY NOW – More downtown Mesa development ready to roll. From developer Tony Wall of 3W Management comes The GRID Mesa, a “novel seven-story combination of office space, row houses, one- and two-bedroom apartments,” with the Pomeroy parking garage “ensconced inside the development’s core.” That is, if financing comes through this time. EV Tribune. http://bit.ly/2TwmmxE

Maricopa still has room to grow. A new approach for Estrella Gin. An update on District at Copper Sky. Sparking development around Walmart. Future population estimates. Those are among the topics in this InMaricopa coverage the city’s quarterly Commercial Real Estate outlook event, which featured a presentation by Economic Development Director Denyse Airheart. http://bit.ly/2T5VgIx

Phoenix growing in popularity for CRE investors, according to report. The Valley came in “ninth among the most attractive cities for property investment,” moving up two spots from last year, per CBRE’s Investor Intentions Survey. What “property type” do investors favor and what is their leading strategy? Find out, plus see what CBRE and Sperry execs have to say about all the increasing activity — in PBJhttp://bit.ly/2TPNPJW

Q&A: Irene Catsibris Clary of Catclar Investments. “What are homebuyers most interested in?” • “How do you know you have a winning concept?” • “What are the differences among [Rosedale Residences and Soho Scottsdale]?” • Irene Catsibris Clary answers these and other real estate queries in Arizona Foothills Magazine. http://bit.ly/2TA3z4D

Sundt completes Grandview Terrace remodel and expansion. “$13.5 million” in renovations, including “staff office space,” “community common areas” and an award-winning makeover of “six floors of corridors” — all done while residents were living there. AZRE. http://bit.ly/2W2LXvb 

10 award-winning projects recognized for their unique amenities. An ASU student housing complex is among the projects that “go beyond what’s expected” to “create amenities that wow potential renters.” Multifamily Executive. http://bit.ly/2HiQV3t

Graycor delivers 1.1M SF Ten Distribution Center Phase I. “Graycor Construction Company has completed construction of Ten Distribution Center Phase I in Phoenix for Irwin G. Pasternack AIA + Associates PC.”  Get details and take a drone-video tour, flying INSIDE and OUT, of what “will become the largest freeway-fronting industrial development in the Valley” — via AZREhttp://bit.ly/2T3zmWk

Abrazo to open first East Valley hospital in Mesa this summer. “Abrazo Community Health Network operates five hospitals in the Valley as well as doctor’s offices and urgent care centers, but this location [‘near Baseline and Higley’] will be its first in the East Valley.” KTAR. http://bit.ly/2HwvD1A

Subdivision next to Johnson Utilities sewer plant on hold. “[Florence] Town Council approved the final plat of a new D.R. Horton subdivision west of Hunt Highway, but were hesitant to approve another that bordered a Johnson Utilities wastewater plant. Some council members noted the persistent odor complaints by residents near the Johnson Utilities plant up the road at Magic Ranch. A majority voted to table action on the subdivision for more information.” Flo Reminder. http://bit.ly/2HjhsOc

The $20M for Pinal County farmers, killed in House, is revived in Senate.“The 6-3 vote by the Senate Appropriations Committee came after Republican Rep. David Cook argued that the farmers were promised the cash as part of the drought contingency plan… He wasn’t the only one to make that claim.” A Cap Media Services/ Howard Fischer report in Arizona Daily Star. http://bit.ly/2T3INVX

MWD vote moves Colorado River drought plan forward. “The Metropolitan Water District of Southern California on Tuesday sealed California’s participation in a landmark Colorado River drought management plan, agreeing to shoulder more of the state’s future delivery cuts.” LA Times. http://bit.ly/2HrH6j3

Nextdoor: Useful neighborhood tool or threat to privacy? “Nextdoor members can ‘create private websites for their neighborhoods where they can ask questions, get to know one another, and exchange local advice.” But critics say there’s the “potential for a darker side to such social media sites in the area of personal privacy.” Wrangler News. http://bit.ly/2F1jyyv



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

Click here for 2019 Arizona Legislative News

Bill to repeal Arizona’s English-only law moves forward. “House Concurrent Resolution 2026, sponsored by Rep. John Fillmore, R-Apache Junction, passed 59-1 in the House of Representatives on Feb. 28, and the Senate Education Committee gave it unanimous approval Tuesday.” Arizona Mirror. http://bit.ly/2F1nejH

UA professor cautions senators to go slow in bid to protect personal data.Based on what she said at a U.S. Senate hearing yesterday, law professor Jane Bambauer doesn’t appear to be a big fan of “laws in California and the European Union” that “let people treat their personal digital data as private property.” Cronkite News. http://bit.ly/2Cfa7Li

Republican lawmaker prompts state investigation of Tempe ban on dark money. “Republican Sen. Vince Leach wants the attorney general to investigate if a Tempe ordinance designed to shed a light on anonymous campaign spending conflicts with state law. Whether the ordinance stands or is found in conflict may hinge on the role Tempe voters had in approving it.” Arizona Cap Times. http://bit.ly/2VUiB1O

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