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
One of Maricopa’s key developers giving back to next generation. As El Dorado Holdings founder and chairman Mike Ingram heads to Wash., D.C this week to receive the Horatio Alger Award, Maricopa Monitor looks at the journey Ingram has taken to get there, including how he “put everything on the line” to help Maricopa transform “from a farming community into a thriving city.” http://bit.ly/2WPAzTR
County official says ‘nobody’ in AZ beating Pinal in economic development. Particularly with major companies like Nikola and Lucid having selected the county as a “key site for their operations.” That’s just one of the takeaways from an economic status update delivered recently by Economic Development Program Manager Tim Kanavel before the Coolidge Chamber of Commerce. More upbeat highlights in PinalCentral. http://bit.ly/2HVRnVz
Ritzy offices planned for Scottsdale/Paradise Valley project Palmeraie. “Five Star Development is planning two, four-story office buildings of what it’s calling ‘Class AA+’ space at the $2 billion project that includes a Ritz-Carlton, Fendi-designed homes and more than 60 shops and restaurants.” Some of the office-design details, plus eight renderings waiting to be viewed, at AZCentral. http://bit.ly/2YNVvMr
Arrested Development: Paradise Valley municipal scrutiny stunts Smoke Tree Resort rebirth. “The project entails 120 traditional hotel guest room keys, 30 resort residential units, which includes 15 lock-off features available to rent.” Last week, Town Council reviewed SmokeTree’s SUP request, the first time it has done so since early March when Planning refused to endorse the project. Here’s the PV Independent recap. http://bit.ly/2WK3qc8
Camelot Homes pre-selling at Desert Mountain community. <- And that makes Camelot “the first builder at Seven Desert Mountain to begin selling,” touts Trent Hancock in this news release rundown on The Villas. Read it with a tap to RLGR. http://bit.ly/2CSuxKz
FLAGSTAFF:Locals see long wait times for public housing as affordability remains issue. “Waits for public housing and Section 8 vouchers, which are managed by the city, have grown longer and longer, with one individual in need of public housing approaching his 10th year on a city wait list.” Arizona Daily Sun. http://bit.ly/2UrmJcI
Industrial buildings planned for Mesa Elliot Tech Park West. The City of Mesa has cleared the way for “two new general industrial buildings totaling approximately 286KSF at the NWC of Elliot Road and Ellsworth” as part of “an initial development phase of what will be known as Mesa Elliot Technology Park West.” BEX. http://bit.ly/2FXZbE9
Dignity Health emergency room opens in San Tan Valley. The ribbon has been cut for Dignity Health’s “newest freestanding emergency room” at 1419 W. Hunt Hwy. Get a rundown and check out pics of the new facility in SanTanValley.com. http://bit.ly/2uGXa8V
Abrazo will build a new hospital in Surprise. Sprain an ankle playing hoops on a court around Loop 303 and Bell? No problem! Just limp over to the new Abrazo Surprise Hospital for treatment. However, try to avoid rolling the ankle until spring 2020, because that’s when the 32,500 sq. ft. facility is expected to open. Preview it now in AZ Business Magazine. http://bit.ly/2HWNX56
Light-rail projects have suddenly gone off-track. Can new Phoenix Mayor Kate Gallego change the course? “In August, Phoenix voters will vote on light-rail funding for the sixth time, and local leaders say they’re relying on Gallego to save the transit system, which has been under attack for the past year.” AZCentral. http://bit.ly/2HTP7yl
Origins of Scottsdale: Mexican families piece together Old Town history.“Decades since their childhood homes once stood, the old neighborhood children and relatives of those first Scottsdale residents have found their way back to each other with one common goal: to make a written record about their Scottsdale roots.” Scottsdale Independent. http://bit.ly/2HWOVhO
No state tax law changes coming, meaning some Arizonans will pay more. “With less than two weeks until the filing deadline, proponents of saving Arizonans from an unexpected $155 million income tax hike sought by Gov. Doug Ducey this year have given up. But they’re still hoping to give back to taxpayers next year what they say is an unearned ‘windfall’ for the state.” A Cap Media Services/ Howard Fischer report in Arizona Daily Star. http://bit.ly/2HWPEzy
Cameron’s $5M + deals of the day – http://bit.ly/2WJfaLH
You’re Invited: Only One Month Until Scottsdale Polo Party Brings You Arizona’s Best Kentucky Derby Party –http://bit.ly/2UAvSQl
As a supplement to the Dealmaker, we thought you might enjoy these articles!
Your child’s brain on videogames. “As many parents know, turning off a child’s gaming console in the middle of gameplay is a surefire way to trigger a tantrum. WSJFamily & Tech columnist Julie Jargon explains why.” http://bit.ly/2UemaDG
‘Independent audit’ lawyer challenging Fontes for recorder. “Stephen Richer, the Republican attorney who authored an ‘independent audit’ of Maricopa County Recorder Adrian Fontes commissioned by the Arizona Republican Party that leveled several unsubstantiated allegations against him, is now seeking the office himself.” Arizona Mirror. http://bit.ly/2VjJe07
