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The Dealmaker: 4/12/2019

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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

Huge Goodyear development includes city hall, library, park, office space.AZRE delivers a development teaser on Civic Square at Estrella Falls, featuring a drone’s-eye shot of the site, along with remarks from Mayor Georgia Lord, Economic Development Director Lori Gary and Mike Olsen, CFO of Globe Corporation, which is “donating some of the land” for this “first-of-its-kind project.” http://bit.ly/2UhwV3r

Scottsdale grows ‘up.’ “As newcomers flood the area seeking lower taxes and jobs, developers are building taller and denser, creating an urban feel in the middle of wide-open desert.” A Wall Street Journal report and pictorial on the “multifamily building boom that is dramatically altering Scottsdale’s low-rise landscape.” (Subscriber Content) http://bit.ly/2X7Zxhi

Report: Hispanics drive homeownership growth. -> “They represented 62.7 percent of the increase in the U.S. net homeownership rate from 2008 to 2018.” That’s just one of the highlights from NAHREP’s 2018 State of Hispanic Homeownership Report, released earlier this week. Get other key takeaways and access full report in REALTORMaghttp://bit.ly/2GjU01p

The very human trait linking the oldest documented housing bubble to the recent U.S. crash. “From 1604 to 1810, Amsterdam had three real estate bubbles.” This Forbes report explores one of the culprits involved and finds a “fascinating similarity between modern housing markets and the housing market in Amsterdam 200-300 years ago.” http://bit.ly/2VGZ4Cc

High and dry: Real estate issues present major hurdle for Valley cannabis companies. Rose Law Group land use attorney Tom Galvin talks cannabis variances in Phoenix Business Journal. (Subscriber Content). http://bit.ly/2DcfXxz

Residents mounting protest against Quik Trip plan.“Many residents in the Foothills Paseo II community are up in arms that a Quik Trip will be erected in the shadow of their community, though one commenter on Facebook called the business ‘the Nordstrom of gas stations.’ ”AFN. http://bit.ly/2UyNrAL

[GUEST COLUMN] Bien-Willner: An update on Paradise Valley happenings from the mayor. In PV Independent, the town’s top elected official, Jerry Bien-Willner, provides a bit of insight into the approach he takes in presiding over “the safest community in the Phoenix area,” as he brings us up to speed on some of the latest municipal matters. http://bit.ly/2GjGESN

Eloy still supports corridor of proposed North-South freeway. “In 2015 the Eloy City Council supported a portion of a proposed north-south freeway that would connect U.S. 60 in northern Pinal County with Interstate 10.” Now, in 2019, councilis basically saying, “It’s STILL all good! — but the route we prefer is Corridor West.” Details in Eloy Enterprise. http://bit.ly/2P7l5HO

[REGIONAL] Golfer Greg Norman unveils Norman Estates, his first real estate project in Mexico. Forbes cruises down to Cabo for this overview and snapshot tour of The Shark’s “custom-designed homes at his namesake development,” which is part of Rancho San Lucas, “an 834-acre master development on a 1.2-mile-long beach facing the Sea of Cortes.” http://bit.ly/2GjIB1z 

The Best Kentucky Derby Party in Arizona will be here before you know it – http://bit.ly/2KmIWVe

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

Click here for 2019 Arizona Legislative News

Billion-dollar bets on electric vehicles await payoff; regulators should not hamper growth of electric vehicles, says Court Rich, Rose Law Group Senior Partner. “Automakers will pour $255 billion into EVs by 2023 but are resigned to losing money on them for the foreseeable future… If carmakers have any hope of making money… they’ll need to re-think how they design and sell them.” Axios • Court Rich: “In order to encourage the proliferation of EV charging stations and make Arizona a leader, regulators should certainly reject calls to regulate this competitive and growing industry.” http://bit.ly/2VGOUSe

Don’t wait for action at Arizona Capitol — impasse on state taxes won’t be resolved by April 15. “Just before April 15, Gov. Doug Ducey and members of the Legislature have a message for Arizonans who have delayed filing taxes while leaders at the Capitol try to resolve a conflict over tax rates: Don’t wait.” AZCentral. http://bit.ly/2GcwPVu

Attorney General concludes state law does not override Tempe ‘dark money’ ordinance; ‘knowledge is power,’ says Rose Law Group litigation attorney Evan Bolick. In Arizona Cap Times, Cap Media Services’ Howard Fischer takes a look at the AG’s decision — whether it completely kicks open the dark-money disclosure door, and if other “cities and towns are now free to enact their own” rules. • Evan Bolick: “[I]t is important for the public to know which companies support which candidates before making an informed decision. This decision paves the way for municipalities to mandate much needed disclosures of dark money even if the State does not.” Tap on for Evan’s full comment. http://bit.ly/2Ubhb1O

Sinema breaks with party in confirming David Bernhardt as Interior secretary. “Sen. Kyrsten Sinema was one of three Democrats who sided with President Donald Trump and Senate Republicans in confirming [the] former lobbyist and George W. Bush administration official.” Why the “decision to break with her party”? Sinema’s brief explanation in Arizona Mirrorhttp://bit.ly/2Kug2CF

Are we living in a simulation? “That hypothesis, famously probed in the 1999 film The Matrix, is the subject of a new book by Rizwan Virk, a computer scientist and video game developer who leads Play Labs at the Massachusetts Institute of Technology.” Digital Trends chats with the brain-in-the-vat theoretician.http://bit.ly/2v3m1E6

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