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
Rose Law Group expands adding entrepreneur and attorney Shruti Gurudanti. Rose Law Group welcomes Shruti Gurudanti to its Business and Corporate Transactions Department. With her international and entrepreneurial experiences having fostered a unique perspective to legal issues faced by corporate clients, Shruti’s “keen insight will benefit both our firm and our clients tremendously,” says RLG Founder and President Jordan Rose. http://bit.ly/2D4cnpc
Brookfield breaks ground on Avondale master-planned community.Brookfield Residential has started work on the first phase of Alamar, a 3,695 home MPC on 1,130-acres at Avondale and Broadway boulevards. Coverage, featuring remarks from Brookfield Arizona Division President John Bradley, Sr. VP Brad Chelton and Avondale Mayor Ken Weise, in AzBigMedia. http://bit.ly/2UpP2sO
Proposed subdivision that straddles New River near west Anthem scrutinized by community for safety issues. El Dorado Holdings held a community meeting recently to discuss Riverview, a proposed development that “would bring 170 new homes to 43rd Avenue and Circle Mountain.” The Foothills Focus has the recap. http://bit.ly/2U6TasC
Luxury housing values skyrocket as consumer desires eclipse 20th Century staples. “Luxury real estate experts [Rod Cullum, Chris Karas, Dub Dellis] say the next five years will continue to be strong for all levels of real estate, but in particular, the 4,000-square-foot luxury home with all the trimmings.” PV Independent. http://bit.ly/2G8Gpdm
Toll Brothers launches “introduction to luxury” new home designs in Queen Creek. • The Crossings at Meridian • Six one-and-two-story designs • 1800 to 3100 sq. ft. • From the upper $200,000s • At Ocotillo and 226th St. • Touted as streamlined luxury at a lower price point • In San Tan Times. http://bit.ly/2Vt86m9
Senate bars cities, towns from enacting new restrictions on landlords. “[T]he preemption was sought not by tenant rights groups but by the Arizona Multihousing Association… in a bid to keep city councils and county supervisors from enacting mandates on them that are not required under state law.” Sens. David Farnsworth and Martin Quezada engage in a bit of “floor debate” on the matter in this Cap Media Services/Howard Fischer report at Arizona Cap Times. http://bit.ly/2G9EWn7
Chandler Viridian wins mixed-use project, office of the year awards. Already possessing bragging rights to having developed the “tallest multi-tenant building” in Chandler, Hines can now boast “mixed-use project of the year” and “speculative office of the year” after receiving the honors for its Chandler Viridian project at the 2019 Best of NAIOP Arizona Awards. KTAR. http://bit.ly/2WYbtCf
Warehouses to be ‘Landing’ at Ray and Hawes. “The project, known as The Landing 202, is proposed as a multi-phase industrial development located at 7950 E. Ray [in Mesa]. The first phase involves the construction of two industrial warehouse buildings totaling 605KSF.” Design and development details at BEX. http://bit.ly/2D3JfhT
First phase of I-11 plan ready for public comment; hearing planned in Casa Grande. “A public hearing is planned for next month in Casa Grande on the recently completed draft environmental impact study for the proposed Interstate 11 corridor that would bisect Pinal County.” Tap to Maricopa Monitor for all the info. http://bit.ly/2YVa7d6
EPA, Pima County are wrong on Rosemont Mine mitigation plans, Army Corps says. “[The Corps] gives complete backing to Hudbay Minerals Inc.’s position that Rosemont Mine opponents incorrectly criticized the company’s plans to compensate for Rosemont’s damage to washes.” But as Arizona Daily Star reminds, “the plan isn’t out of the woods because environmentalists have attacked it in their U.S. District Court lawsuit… that seeks to overturn the Corps’ permit.” http://bit.ly/2OX9nzH
A virtual solar power plant for L.A.? ‘It will happen.’ Could rooftop solar replace natural gas power plants? “Absolutely doable,” says an expert. And Sunrun thinks so, too. The residential solar provider has released a report suggesting that “a mass deployment of residential solar panels, along with batteries,” could “collectively form a kind of virtual power plant operated by a utility.” NY Times. http://bit.ly/2YVay7e
Cameron’s $5M + deals of the day –http://bit.ly/2ImP7X4
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!
Click here for 2019 Arizona Legislative News
With their livestock and crops dying, tribes make plea for funding.“Tohono O’odham Chairman Edward D. Manuel testified Thursday that lack of water has been killing crops and livestock — and, essentially, the tribe’s economy — and things will only get worse if federal funding is allowed to lapse.” Cronkite News. http://bit.ly/2TZ0OVN
Bill requires lawmakers to live in districts they serve. Currently, legislators are required to have lived “in the county they represent for at least one year prior to their election”; they also must be “an Arizona resident for at least three years.” But that’s “not sufficient” for Rep. Bob Thorpe, who “wants to beef up that benchmark.” AZ Cap Times (PAYWALL) http://bit.ly/2Ig0HTN
