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The Dealmaker: 3/5/2019

Posted by   /  March 5, 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




Phoenix Councilman Michael Nowakowski wins in court, won’t face recall; Rose Law Group regulatory attorney, Thomas F. Galvin, comments. “Maricopa County Superior Court Judge Rosa Mroz ruled Monday that the Urban Phoenix Project PAC, the group leading the recall campaign, did not comply with legal requirements while collecting signatures for the recall.”  AZCentral. • Tom Galvin: “This case is a great reminder that ‘details matter…” Read Tom’s complete comment along with the ruling, in full, at RLGR. http://bit.ly/2NIBGRK 

Homebuilding king Is funneling his fortune into something new.(Disclosure: Rose Law Group represents Mattamy Homes.) Bloomberg reports that Peter Gilgan “is stepping aside as chairman of Mattamy Homes and setting up a new company to invest in [private equity, strategic partnerships and possibly even startups], using [$1.1 billion] of excess cash flow expected to be generated by the builder over the next four years.” http://bit.ly/2Vykj8M

Developers plan ‘Land Yacht Club’ artist housing with Airstreams in Roosevelt Row. Brain-birthed by True North Studio head Jonathon Vento, artist Wayne Rainey and architect Alison Rainey, the “development would comprise Airstreams or other vintage travel trailers, integrated into a steel structure that would wrap around an existing parking garage” at Roosevelt and First St. Tap to New Timesfor details and renderings. http://bit.ly/2HhdoNm

Drought & Development: County ag at ‘edge of sustainability,’ but Maricopa touts strong water supply. “Maricopa’s future looks solid compared to the rest of the state because of water.” Or as City Manager Rick Horst puts it in this InMaricopa report on Arizona’s current water crisis: “We have water, and nobody else does.” http://bit.ly/2Tj6eiQ

Fujifilm breaks ground to expand electronic materials facility in Mesa.“The Mesa site expansion is anticipated to take around 18 months and will comprise of approximately 85,000 SF of additional space in the form of five new buildings.” More on the Fujifilm facility and its growing footprint in Mesa, at AZRE. http://bit.ly/2TBTHXu

Heritage breaks ground on $16 million school. “The campus in Maricopa will be the fourth Heritage Academy to open in Arizona.” In remarks welcoming Heritage to the city, Mayor Christian Price said the new school “helps us raise the bar for our attraction of businesses, headquarters and retailers that want to come to our community.” InMaricopa. http://bit.ly/2XDrE93

City gathers public input on South Phoenix transit development. “The event featured six stations covering topics including mobility, health, housing andeconomic development.” DD notes in its recap that “the event focused on overall improvements around the corridor, not the light rail extension.” http://bit.ly/2Tr2JX6

Is Scottsdale really ‘the West’s Most Western Town’? “The angst over Scottsdale’s Western identity has again surfaced as city leaders wring their hands over how to proceed with a new flag.” Councilwoman Virginia Korte: “We’ve evolved from a cowtown to a very sophisticated center of commerce and quality of life.” The report in AZCentralhttp://bit.ly/2HcJ0E5

Last State of the City “Moving Tucson Forward” delivered by Tucson Mayor Jonathan Rothschild. “The popular Mayor has announced that he will not seek his third four-year term, so this was Mayor Rothschild’s last State of the City speech, entitled ‘Moving Tucson Forward.’ ” To access Mayor Rothschild’s entire speech, move forward yourself to RED News. http://bit.ly/2IPjCXg

Pollack: Positive momentum continues. Numbers point to “a positive economic picture going into a year that is likely to have a slower rate of growth than last year,” says The Monday Morning Quarterback. Data Snapshots include —> U.S.: • Consumer Confidence & Sentiment • Manufacturing • Mortgage Rates • Building Permits • Home Sales & Prices • AZ: Sky Harbor Activity • Retail Sales • Phoenix Home Prices. http://bit.ly/2NQxPlT 

Cameron’s $5M + deals of the day – http://bit.ly/2tRANwY



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

Click here for 2019 Arizona Legislative News

Arizona attorney general may look into Trump MAGA controversy at Perry High. House Republicans have fired off a letter to Mark Brnovich asking the AG “to review whether Perry High School” in Gilbert “violated students’ free speech rights” after those students “ran into problems last week” for wearing MAGA attire. Read the letter in its entirety and see what the AG’s Office said in response — via AZCentralhttp://bit.ly/2UjMMz2

House approves bill to allow loaded guns inside cars on school campuses. “The 31-27 party-line vote for HB2693 in the Republican-controlled chamber came amid pleas from some lawmakers, who said they feel safer for themselves and their children when dropping them off and picking them up.” A Cap Media Services/Howard Fischer report in AZ Cap Timeshttp://bit.ly/2Hffwp6

Arizona attorney general says 28 officials broke law by opposing clean-energy measure. “Six rural towns and counties, as well as utility regulator Andy Tobin, used their public offices to oppose Proposition 127, which was heavily opposed by [APS],” reports AZCentral. Now, the AG’s Office is offering those 28 public officials “a chance to settle for $225 each.” http://bit.ly/2UjMMz2

Water users hear update on drought plan. “Water users heard from state and local leaders Monday on the future of water for Pinal County. Specifically, the agriculture industry will be the hardest hit in Pinal, with farmers and ranchers expected to lose the largest share of the allocation from the Colorado River.” Maricopa Monitor. http://bit.ly/2HcK1Mp

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