The Dealmaker: 4/3/2019

This image has an empty alt attribute; its file name is a946f5fe-efcd-4b2b-9a5a-9849f9a26915.png

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.”

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

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.

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.

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

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.

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.

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

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.

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.

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.

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. 

Cameron’s $5M + deals of the day – 

You’re Invited: Only One Month Until Scottsdale Polo Party Brings You Arizona’s Best Kentucky Derby Party –

This image has an empty alt attribute; its file name is 4eaff930-733b-4a09-a7a0-91c09aad2552.png

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.”

‘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.

Share this!

Additional Articles

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories
April 2019