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
The end of YouTube? by Evan Bolick, Rose Law Group litigator who handles a lot of cyber technology issues. The EU just passed a law holding Google (which owns YouTube) directly responsible for the upload of any material infringing copyrights to YouTube. The potential consequences are alarming and jeopardize the very existence of YouTube (or at least, YouTube as we know it). RLGR. http://bit.ly/2CHJI9j
Lennar posts $240 million Q1 profit. • Deliveries UP 30% • New orders UP 24% • Backlog DOWN 2% • More bullet-pointed quarterly results for Lennar IN Builder. http://bit.ly/2uvA453
Saguaros Viejos West SFR lots sell in Ojo Valley. The purchase of 44 lots in “this new subdivision” near “Naranja and La Cholla Blvd” is “Pulte’s second acquisition in Oro Valley since the start of the year.” For site aerial, transaction info and development details — including saguaro-saving “conditions laid out by the Town Council” — tap to RED News. http://bit.ly/2WtAiWc
5 things to know if short-term rentals are moving into your neighborhood. “Nearly 26,000 homes, apartments, condos, RVs and bedrooms in metro Phoenix are on Airbnb for short-term rentals.” Here’s what AZCentral thinks you oughta know should a short-termer ever “pop up” near you. http://bit.ly/2TZ2O5g
Legendary East Valley driving school heading to a new owner. Has Bob Bondurant School of High Performance Driving (as we know it) taken its last lap? EVT reports the “school likely will be under new ownership by the end of this week as a sea of red ink washed it onto the auction block in federal bankruptcy court” — the “last straw” coming after “a deal to provide emergency funding” hit a wall. http://bit.ly/2FISMMZ
Buckeye works to rehab former shooting spot. “Buckeye officials are looking to patent and develop 1,030 acres of federal land that were popular with recreational shooting, as well as a 320-acre undeveloped city parcel.” City Conservation/Project Manager Robert Wisener says the land “has the opportunity of being Buckeye’s ‘Central Park.’ ” West Valley View. http://bit.ly/2Uc2Bv3
Coolidge council hears public opinion on ‘Alligator Annexation.’ “More than a year after the Coolidge City Council attempted to annex part of a controversial solar farm and then called it quits on the annexation, one local property owner is asking council to bring parts of that area into city limits once again.” However, not all the locals are “keen” on the idea. Coolidge Examiner. http://bit.ly/2JIT22u
Central Arizona College approves office space for Lucid Motors. “CAC Governing Board gave approval to lease a portion of a college-owned building to the city of Casa Grande, which will in turn lease that space to Lucid Motors for temporary office space” while the all-electric vehicle company “builds its manufacturing plant nearby.” CG Dispatch. http://bit.ly/2U2Qn8x
Scottsdale narrows critical capital improvements as bond elections appears imminent. “City Council is one step closer to determining its ballot fate after spending multiple hours combing through and analyzing individual projects proposed for a potential general obligation bond election this November.” Scottsdale Independent has a recap of the most recent study session, plus a list of the “top 10 projects with the highest resident support.” http://bit.ly/2Wowaqu
Flagstaff city manager search falls apart during negotiations. “City Council hopes the third time is the charm now that the city announced it would have to relaunch its search for a city manager after the considered candidates declined to take the position.” And based what’s reported in Arizona Daily Sun, a higher salary offer next time ‘round just might do the trick! http://bit.ly/2FGVT8j
Rosemont Mine opponents sue Army Corps over permit. “The suit, filed [Wednesday] in U.S. District Court, alleges that the Corps violated the Clean Water Act, the National Environmental Policy Act, the Administrative Procedures Act and several related rules and guidelines in approving the permit for the mine in the Santa Rita Mountains.” Arizona Daily Star. http://bit.ly/2FBr7MD
As a supplement to the Dealmaker, we thought you might enjoy these articles!
Click here for 2019 Arizona Legislative News
Water officials press Senate on urgency of Colorado River drought plan.“[ADWR Director] Tom Buschatzke was one of several state and federal officials pressing Congress on the plan, years in the making, that is designed to head off a potential water ‘crisis’ in the region and help settle disputes over water allocations if the Colorado does drop to crisis levels.” Coverage of Wednesday’s Senate panel hearing in Cronkite News. http://bit.ly/2UmbIJo
Environmentalists sue EPA for not monitoring air pollution in Pinal County. “The Center for Biological Diversity, a California-based nonprofit, is asking the courts to fault the EPA for violating the country’s Clean Air Act by not updating the public on pollution levels around Maricopa and Stanfield.” PinalCentral. http://bit.ly/2WrNQl3
Rep. Stringer, facing ethics inquest forsex crime and racist remarks, resigns. “Stringer was facing an Ethics Committee investigation into two complaints filed against him this year. One related to his arrest in 1983 on sex crime charges in Baltimore, the other also included several racist remarks Stringer had made in public.” As for Speaker Rusty Bowers’ take on Stringer’s legislative adios? The phrase “Don’t let the door hit ya” comes to mind. Arizona Mirror. http://bit.ly/2V1V0wb
House committee passes bill to purge early voting list. “House Republicans advanced a measure to purge as many as 200,000 voters from Arizona’s early ballot mailing list despite concerns from county recorders, who aren’t certain that all counties can even comply with the bill’s mandate.” AZ Cap Times(PAYWALL). http://bit.ly/2FHIkFC
Lawmakers weep as suicide bill clears hurdle. “A Mountain Pointe High teacher and several other mothers whose sons took their lives left a State House committee in tears last week as it unanimously approved Ahwatukee Sen. Sean Bowie’s suicide prevention training bill.” AFN. http://bit.ly/2FGXbQH
