The Dealmaker: 4/1/2019

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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

Pratt says water negotiations were ‘let’s make a deal.’ “I think we did the best that we could do for Pinal County.” That from Sen. Frank Pratt during a panel discussion on the Drought Contingency Plan at the Pinal Partnership breakfast on Friday.” CG Dispatch recaps the event, which also included Rep. David Cook, R-Globe, and Bret Esslin from ADWR, with Rose Law Group Founder and President Jordan Rose moderating.

A starter home for $145K?AZCentral real estate reporter Catherine Reagor takes a look at 10 metro-Phoenix developments with the “lowest  new-home prices.” Featuring housing market insight from real estate consultant Jim Belfiore.

K. Hovnanian Homes begins construction at Union Park at Norterra. • 113 townhomes • Two-story floorplans • 1,936 to 2,371 sq. ft. • More on K Hov’s Pinnacle at Union Park • Plus an overview of the Sunbelt Holdings/USAA Real Estate 400-acre MPC • In AzBigMedia.

Glendale approves first homes of 1,400-home Stonehaven community to start building. City Council “approved the final plats for six parcels, totaling 113 acres” on which “410 homes” will be built. Get a quick rundown and check out an animated aerial featuring ‘dancing’ outlines for each parcel — inYourValley.

Maricopa Meadows latest ‘old subdivision’ to get brand-new homes.“KHov paid $4.5 million dollars for the [86] lots and is ready to build the first homes in the subdivision since 2007.” Some of the “larger floor plans” will come with a “mother-in-law-suite” option. Details at InMaricopa.

Nonprofit turning EV eyesores into homes. “[Newtown Community Development Corporation] has used federal funding to purchase 136 foreclosed properties and turn them into updated, energy efficient homes and give low-income, first-time homeowners an opportunity to afford housing in prime locations.” EV Tribune.

More housing options for mature boomers. Robson Communities is among the leading developers that have stepped up to address needs of aging boomers by “expanding… existing properties to include Continuing Care Retirement “elements.” Pro Builder.

Groundwater credits policy revised by Queen Creek Town Council. Where does the revised policy leave property owners in “cases where a subdivision’s groundwater use exceeds the remaining groundwater credits available”? Find out in Queen Creek Independent.

Goodyear OKs Compass Data Centers campus rezoning. Not one, but two rezones were given the nod — for “159 acres on the west side of Bullard Avenue for the development of yet another new data center.” The campus “will consist of eight buildings with three substations.” Details at BEX

Paradise Valley names Jill Keimach as next town manager. The search  lasted months, but Paradise Valley has finally found a non-interim town manager. PV Independent reports that “Town Council unanimously approved Ms. Keimach’s employment agreement at its March 28 meeting.”

The Biosphere 2: The lost history of one of the world’s strangest science experiments. “The hummingbirds were dying. Cockroaches were everywhere. And then Steve Bannon showed up.” The New York Times.

Homebuilder gets a $800,000 sound wall by going around the highway department and lobbying the Legislature for a direct appropriation. With plans for “77 homes” on a parcel next to a “busy” highway in Utah, “prominent homebuilder and former legislator” Bryson Garbett asked transportation officials about putting up a sound barrier. They said “no.” Enter “House Speaker-turned-lobbyist Greg Curtis,” who started making some noise. Salt Lake Tribune.

Cameron’s $5M + deals of the day –

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

The Shed, a rare new arts center on the Hudson, is set to open. Opening April 5: The Shed, “a flashy, 200,000-square-foot modular building designed by the firms Diller Scofidio + Renfro and Rockwell Group,” is “one of the most significant additions to New York City’s cultural landscape in decades.” Read about it and get wowed by this ‘Feat of Architectural Engineering” in The NY Times

Meet the ASU grad atop the cannabis industry world — he just signed an $850M deal. “Steve White [founder and CEO of Harvest Health and Recreation Inc.] remembers telling his parents several years ago his plan to leave a successful business law career to launch a medical marijuana company.” That plan is paying off, big time. With the “blockbuster” acquisition of Verano Holdings, Harvest “will have more licenses to operate in more states than any other U.S. cannabis company.” AZCentral.

The Interior Stadium. Roger Angell on the “joys of watching baseball,” an excerpt from his book The Summer Game — because it’s that time of year!

Pierce elected to fill Stringer’s House seat. Former Senate President Steve Pierce has made a reluctant return to the Capitol in the wake of David Stringer’s sudden resignation from the House on Wednesday amid revelations of sex offenses in Baltimore decades ago. RLGR.

And the survey says Arizona is stressed out. WalletHub compared the 50 states across 40 key indicators of stress to determine the places to avoid and achieve a more relaxing life.” (To take a bit of the edge off while reading these findings, Dealmaker suggests listing to ‘Stressed Out ‘ from the album Blurryface by Twenty One Pilots.)

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April 2019