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The Dealmaker: 3/14/2019

Posted by   /  March 14, 2019  /  No Comments

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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

 

 

 

 

Developer tries to allay Southbridge concerns. (Disclosure: Rose Law Group represents Southbridge 2.) With “ground-level retail, condominiums, a public market, two hotels and a 150-foot office building,” the 2M sq. ft. Southbridge 2 “could radically reshape the 5th Avenue Shopping District.” (Just check out the renderings!) Recently, developer Carter Unger, “son of the late-developer Fred Unger who spearheaded the original” plan, “met with residents” to discuss the project he describes “as a continuation of his father’s vision.” Scottsdale Progress. http://bit.ly/2FbZlr1

Hydrogen-electric truck startup pays millions for Valley land for proposed factory. (Disclosure: Rose Law Group represents the underlying land owner, Pinal Land Holdings.) PBJ reports on Nikola’s March 4 purchase of a “389-acre property at State Route 87 and Houser Road in Coolidge.” (Subscriber Content) http://bit.ly/2Cjx1RV

Richmond American opens Maricopa community. (Disclosure: Rose Law Group represents Richmond American Homes.) • Seasons at Palo Brea •  Single-story & two story floor plans • Up to 2,630 sq. ft. • From the low $200s • More on Seasons at Palo Brea via Builderhttp://bit.ly/2u9Na7M

Much at stake in Lakes battle, panel tells crowd. The Ahwatukee Lakes Golf Course saga continues, most recently at a town hall featuring a presentation by “experts” who sounded alarms over the prospect of houses ever being built on the defunct course. A “threat to health, safety and public welfare” due to “storm runoff” and upending “a critical Arizona mechanism for regulating land use” were chief among the concerns. AFN. http://bit.ly/2JdJ1dz

Former Sen. Jeff Flake’s spacious family home in Mesa listed for $650K [SLIDESHOW]. “Unit 19 near Greenfield and McKellips roads, offering 4,625 square feet of living space, has been listed for sale at $650,000.” Get further details and check out 19 snaps of the Flake’s place at KTARhttp://bit.ly/2FaIpkD

Arizona has 2 of the Top 25 Most Affordable Cities to Work and Live. Income-after-rent figures show “Phoenix and Tempe are 2 of the most affordable cities in which to work and live,” according to a ‘Highest Salaries/Cheapest Rents’ study from biz ed. website BusinessStudent. Highlights and link to the full study available with at tap to AZ Business Magazine. http://bit.ly/2Jc10kl

Element Hotel at SkySong expects to open in June. “Developed by Jackson-Shaw” in “partnership with Somera Capital Management,” the “new 157-room property is one of Marriott’s premium lifestyle brand hotels.” Rendering and rundown for the “Stay in your Element” community/tourist amenity, at AZRE. http://bit.ly/2CjxGCT

LGE breaks ground on The HUB at Goodyear. LGE Design Build, Clarius Partners and the City of Goodyear have teamed up for The HUB at Goodyear, a 790,980 sq. ft. ‘fully spec’ industrial project now going up on 43 acres near the SE corner of Van Buren and Bullard Ave. Design and development details in RED Newshttp://bit.ly/2F60xv3

Coolidge council ponders building new $5 million Aquatic Center. Not enough swim lanes plus outdated pump and chlorination systems at the city’s existing pool are among the issues that have local officials taking the plunge into exploring the idea of a “$5 million Aquatic Center before deciding to bring the issue before voters in November.” Coolidge Examiner. http://bit.ly/2TyMSGG

 

 


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

Click here for 2019 Arizona Legislative News


This is the happiest city in America — and it isn’t in California or Hawaii.And while “happiest city” top honors also did not go to “The West’s Most Western Town,” Scottsdale CAN, however, boast being among America’s TOP TEN most happiest places after moving up a few notches from last year’s WalletHub rankings! CNBC (As to why Dealmaker didn’t play up this great news about Scottsdale on Tuesday in its mention of the very same WalletHub analysis: We’re unhappy about it and are looking into it.) http://bit.ly/2Hm43F7

State by State report on opioid overdoses. “After concerted effort to quell opioid overdoses, how does Arizona rank among the other states?”CBS News. http://bit.ly/2Hlo6TU

Arizona’s GOP state senators block vote on ratifying the ERA, after spirited debate. “The 16-13 vote against suspending the rules to permit a vote on ratifying the ERA came after even three Republicans who are cosponsors refused to side with the Democrats who sought an immediate vote; a fourth was absent.” Report by Cap Media Services’ Howard Fischer in Arizona Daily Starhttp://bit.ly/2HuFy7I

Choose: Murderer or Hero — Rose Law Group Notable Quotable. Quote comes courtesy Gov. Doug Ducey, who weighs in on the college admissions scandal. http://bit.ly/2Jflrgk

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