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The Dealmaker: 3/19/2019

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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!View this email in your browser

ShareTweetShareForwardInvestors eagerly await Trump rules on Opportunity Zones; Dan Gauthier, Rose Law Group transactional attorney handling many O-Zone investments, comments. (Disclosure: Rose Law Group represents Virtua Partners in some of their properties.) Avondale and Mayor Ken Weiss; SpringHill Suites by Marriott and other projects from Virtua Partners — all figure prominently in this NY Times report on the “most comprehensive guidelines yet for what sorts of investments qualify” for O-Zone ‘tax benefits.” Commenting, Dan Gauthier tells RLGR: “Forthcoming regulations from the Treasury Department may make or break the viability of certain investments in Opportunity Zones.”
32 new plans proposed for Fulton Homes at Barney Farms development.(Disclosure: Rose Law Group represents Fulton Homes.) Here’s a quick-hittingQueen Creek Independent rundown of the 32 plans proposed — 16 of which are “single story” and the other 16 are “loft plans” — for the “1,702-lot Fulton Homes at Barney Farms development.”
Recovery brings renovation and redevelopment to Scottsdale Airpark.“Scottsdale Airpark attracted some big deals in the last year”— YAM Circle, Nationwide, Airobotics, Aviation Business Center among them — making “this submarket one of the best business districts in the Southwest.” And, as Jim Keeley of Colliers (also) points out, it “still has some runway left in this post-recession cycle.” AZRE.
ASU, Amazon open Smart City Cloud Innovation Center in Scottsdale.Imagine a place where cities like Peoria or Mesa, for example, could “come forward with their challenges, and then there’s a group of ASU and Amazon employees that will be there to help them solve these solutions.” Imagine no more! That place is now open at SkySong. KTAR.
Scottsdale pols could vote on Giants Spring Training upgrades. “The Scottsdale City Council today… will consider a $22.9M contract with Hunt Construction Group to build a new clubhouse building/event venue.” Details on what the renovations will ALSO include, plus info on how the makeover will be funded, in Sports Business Daily
Sundt starts construction on UA Student Success District. “The project will transform the Main Library, the Science-Engineering Library, and Bear Down Gym,while adding a new four-story student success building into an interconnected district.” AZRE.
West Valley mayors talk ‘regionalism’ at Chamber breakfast. “With another wave of massive growth coming the West Valley’s way,” El Mirage Mayor Alexis Hermosillo, Surprise Mayor Skip Hall and “Youngtown leader Mike LeVault spoke for an hour on issues ranging from transportation, water, quality of life and how to deal with a state legislature that seems to favor progress in the East Valley.” YourValley. 
Maricopa hosts kickoff meeting for SR 347 study. The long-awaited SR-347 Corridor Scoping Study kicked off Monday with representatives in attendance from agencies across the region, including MAG, Pinal County, ADOT, Federal Highway Administration, and the City of Maricopa. For a study overview, tap on.
Pollack: No recession imminent. While “many indicators” suggest the “economy is late in the cycle,” The Monday Morning Quarterback is confident that “by summer the current upcycle is going to become the longest in the more than 240 years we have been a nation.” Data ‘Snapshots’ include —>  U.S.: • Consumer Sentiment • Jobs • Retail Sales • CPI • Industrial Production • Home Sales. AZ: • Retail Sales – YoY.
As a supplement to the Dealmaker, we thought you might enjoy these articles!

Click here for 2019 Arizona Legislative News
This winter gave us record snow and rain, but what did it do for the drought? “Mother Nature has filled local reservoirs and soaked the ground with much-needed moisture. Regionally, it even seems to be staving off imminent shortages on the Colorado River. But the Southwest needs several more winters like this before it can emerge from the regional drought, experts say.” New Times.
Senate passes bill that protects political signs. “A bill sponsored by Rep. John Kavanagh, R-Fountain Hills, makes altering, damaging or removing a political sign during campaign season a Class 2 misdemeanor.” However, should any loser of an election keep a sign up past a certain point in time, let the vandalizing fun begin — with impunity! AZ Cap Times.
House passes bill to put more restrictions on voter registration. “The state House voted Monday to create some new crimes for certain voter-registration activities in a move several lawmakers suggested will suppress voting, particularly by the young and minorities.” A Cap Media Services/Howard Fischer report in AZ Cap Times 
INFLATED CLAIMS? – Republicans boast about K-12 funding, but the numbers don’t support their claims. Arizona Mirror reporter Jim Small on how “Republicans are slapping themselves on the back hard enough to give each other injuries as they crow about the great state of K-12 funding.” However, according to a Small look at the data, “that argument is only tenable in a world in which annual inflation isn’t a thing.”
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