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The Dealmaker: 3/6/2019

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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




Q&A: Phoenix mayoral candidate Kate Gallego on business, economic issues. Ahead of the upcoming election, PBJ asked the mayoral candidates about issues “related to business and the economy.” Here’s what candidate Kate Gallego had to say. http://bit.ly/2C6eqbC

Q&A: Phoenix mayoral candidate Daniel Valenzuela on business, economic issues. PBJ poses the exact same questions to mayoral hopeful Daniel Valenzuela. Here’s how he responded. http://bit.ly/2tPLsIE

Microsoft to start construction on Goodyear facility. (Disclosure: Rose Law Group represents the PHX 10-11 project.) West Valley View reports on Goodyear’s recent approval of “an agreement allowing Microsoft to begin construction on 279 acres of land south of I-10 and Phoenix Goodyear Airport.” http://bit.ly/2SPC4yZ

West Valley poised to be a key employment hub, experts say. With recent high-profile land investment in the area (e.g., Microsoft, JDM, El Dorado Holdings), is the West Valley positioned to become the “next Silicon Valley”? That’s one of the views that emerged from a panel of “employers, real estate professionals and education leaders” at a Westmarc/CBRE event on Tuesday. More big takeaways in PBJ. (Subscriber Content) http://bit.ly/2EDpcXv

Investing in public spaces to make placemaking a value-add. At the recent ULI Arizona Trends Day, panelists — including Phoenix CED Director, Christine Mackay — “talked about how revitalized public spaces… are helping make neighborhoods walkable and desirable, drawing from examples in Detroit, Phoenix, Memphis, and Seoul.” Tap to ULI for a recap. http://bit.ly/2TwQZlT

There’s no place like dome: Unique Paradise Valley house hits market.“The exotic abode, known as The Dome at Casa Blanca, served as the Sultan’s Table restaurant and cocktail lounge at the Casa Blanca Inn until the property was converted to a luxury gated community.” Calling it a “one-of-a-kind” home “with a star-studded history,” KTAR shows it off in 20 pics. http://bit.ly/2ES1mZp

Circa Central Avenue opens doors to the public. “Hunt Companies, Inc., Tilton Development Company and Ryan Companies US, Inc. have completed the six-story project that includes four levels of residential apartments over two levels of parking, as well as five, two-story townhomes and two creative office suites” — all situated “adjacent to the Metro Valley light rail.” AZRE. http://bit.ly/2ERsQhD 

Papago Plaza plans changing for residents’ concerns. “Some residents voiced support for the project and the vibrancy they thought it would bring to a dormant shopping center while others decried the lack of retail, height of buildings and inclusion of a hotel and 274 units of apartment housing.” It was a “sometimes-heated first resident meeting” that resulted in “some small but significant changes to the designs.” Scottsdale Progress. http://bit.ly/2Unhc3r

288-unit multifamily proposed for Prescott Valley. The Dorn Homes’ project, “which has yet to be formally named,” is proposed to be a 17-building, two-phase development, located at the SEC of Bradshaw Mountain Rd. and SR 69.” BEXhas the details. http://bit.ly/2EC7fZm

Concert-venue retrofit discussed for Apache Greyhound Park. Or, to put it another way: How to teach an old, dog-racing park new tricks — by turning it into an event space that could draw “big-name performers.” The facility’s “untapped potential” was the main topic of discussion at a recent gathering of the Apache Junction Focal Point and Tourism Committee. Coverage in AJ Independent. http://bit.ly/2TwRpZv

Army Corps confirms it intends to issue permit to allow Rosemont Mine construction. And that isn’t the only “huge boost” for Rosemont and its proposed mine SE of Tucson. The Daily Star also reports that the EPA’s “regional office, which had been regularly blasting the $2 billion project since 2012, says it will not send the mine issue to its Washington, D.C., office for additional review.” http://bit.ly/2C9XBfY

Mayor Cathy Carlat delivers message on Peoria water. In her “Glad You Asked” column, which covers various topics of import to Peoria residents, Mayor Carlat tackles the question: “Can you explain the 100-year of assured water supply guarantee?” Read the column and the mayor’s detailed response in RLGRhttp://bit.ly/2Un8XnZ



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

Click here for 2019 Arizona Legislative News

Feds seek governors’ input on drought plan as deadline missedThe good news? If states can “complete final work on the DCPs,” the Bureau of Reclamation will quit asking “for further input.” The bad news? Governors have “just two weeks” to tell agency head Brenda Burman “what they think she should do to keep water levels from dropping even lower.” A Cap Media Services/Howard Fischer report in AZ Cap Times. http://bit.ly/2EGg4Bl

Arizona lawmaker still wants the state to take over federal lands.  Rep Mark Finchem’s bill, HB 2547, “appears to avoid the contentious issue of land transfers, which has prompted governors and voters to rebuff similar, previous measures.” However, New Times reports: “Critics detect a ruse.” http://bit.ly/2XDJQj3

State Bar: Top MariCo prosecutor leaked secret information, lied, sexually harassed underlings. “The complaint, which includes allegations from two separate investigations, comes after Bar investigators concluded there was probable cause that Martinez violated the rules that govern the conduct of attorneys,” Arizona Mirror reports. http://bit.ly/2Tma8HN

Artificial intelligence and the energy sector: Huge potential, tough questions. “Both inside and outside the energy sector, the nature of this particular technological disruption requires extra attention to what’s coming next. What are the ethical questions bound to arise? How can we support the development and large-scale application of AI without the risk of losing control?” http://bit.ly/2tUjsUl

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