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 adds Shruti Gurudanti. Having “worked across the world with corporations of all sizes” in both legal and entrepreneurial capacities, Shruti Gurudanti joins RLG more than well-equipped to help the firm “enhance its abilities to assist with larger and more complex commercial deals.” Read about Shruti and the “diverse career experiences” she brings to the firm’s Business and Corporate Transactions Department, in Scottsdale Independent. http://bit.ly/2UGWz5P
Congress passes Colorado River drought plan with unanimous approval from Arizona lawmakers. “Rep. Raúl Grijalva, D-Ariz., and Sen. Martha McSally, R-Ariz., fast-tracked the measure, clearing a final hurdle for the drought plan, a product of years of long and complicated negotiations that crossed state and party lines.” AZCentral. http://bit.ly/2Z3HjPw
New home availability shifts in Glendale. Using Zillow data, YourValley zeroes in on new home inventory and top sellers for ZIPs 85308 and 85310. -> http://bit.ly/2WXU5xc
Phoenix investor group looks to buy up apartments to create workforce housing. “[Urban Communities] has plans to offer much-needed workforce housing while ridding some Valley neighborhoods of gangs, drugs and prostitution by raising $20 million to buy and renovate dilapidated apartments through a new real estate fund.” The story in PBJ. (Subscriber Content). http://bit.ly/2InPhxm
Entertainment corridors ignite strong economic growth and development. Tempe Town Lake. Mill Avenue. Cactus League. Salt River Fields. Talking Stick Entertainment District. Local industry insiders weigh in on these “entertainment corridors,” with insight on the “incalculable” economic impact they have had and qualities that make them what they are — in AzBigMedia. http://bit.ly/2Gdr7nB
Milk distributor plans $200 million Goodyear plant. “Fairlife LLC plans to build a 300,000-square-foot distribution facility [at Cotton Lane and Thomas] , and expects to be fully operational by the second half of 2020.” Details, plus an up-close, share-worthy pic of a cow that — as far as bovine manners go — is right on the nose. PBJ (Subscriber Content). http://bit.ly/2D5ABPX
Phoenix region a top market for 2019 industrial development, reportsays. “According to a study by Commercial Café, the Valley has 34 developments of at least 90,000 square feet scheduled to come online this year.” Read the rest of this industrial development rundown in PBJ. (Subscriber Content). http://bit.ly/2OWNDno
Local voters could be asked whether to incorporate New River this November. The New River Desert Hills Incorporation Committee is currently gathering signatures in the hopes of “creating a city” along I-17 and Carefree Hwy. “However, even if NRDHIC does collect enough signatures in the next few weeks it does not guarantee that the incorporation measure will go to a citizen vote.” The Foothills Focus. http://bit.ly/2GbRBpG
County planning to build $10-million complex in Maricopa. “Pinal County is planning to build a new complex that will house many of its services in one place. The 45,000-square-foot site would include two buildings in the city’s Heritage District.” Maricopa Monitor. http://bit.ly/2UOXEIY
Surprise celebrates State of the City in style: City Hall turns 10. “Games, giveaways and desserts were part of the 10th anniversary celebration of City Hall.” The festivities also featured the “premiere of the city’s new 15-minute promotional video,” intro’d by Mayor Skip Hall during his SOTC address. Get a recap and watch the new video via YourValley. http://bit.ly/2Z0QdNR
Open for business: Corbin, Faust talk economic development goals for Cottonwood.CV Bugle chats with City Manager Ron Corbin and new Economic Development Director Richard Faust about the city’s “open-for-business” vibe — a new approach that will include “being open to more mixed-use buildings” and “changing setbacks in the city code.” http://bit.ly/2Ut2zzA
Pollack: Outlook positive. “But, the FED needs to walk a careful line.” The Monday Morning Quarterback unpacks that, then hits us with these ‘Snapshots’ -> U.S.: Employment (‘bounced back’!) • Manufacturing • Credit • Inventories & Sales • Construction. • AZ: Active Listings – Phoenix • New Home Sales (also “bounced back”!) – Maricopa County. http://bit.ly/2G15B45
The Best Kentucky Derby Party in Arizona will be here before you know it – http://bit.ly/2KmIWVe
As a supplement to the Dealmaker, we thought you might enjoy these articles!
Click here for 2019 Arizona Legislative News
ACLU says Bill Montgomery’s office is still prosecuting medical marijuana patients. “In a letter to Montgomery sent Thursday, the ACLU of Arizona said it had learned that his office has been ‘prosecuting or threatening to prosecute’ licensed medical marijuana patients ‘for possessing cannabis products sold at state-licensed dispensaries.”(RELATED, also from New Times: “Overheard: Maricopa County Prosecutor Jon Eliason Eyes Montgomery’s Job.”) http://bit.ly/2D956Ex
Outrage nation: Can America overcome its addiction to anger? “Twenty years ago, observers worried that apathy was the biggest threat to the American psyche. Today, that seems quaint. How can Americans turn off the outrage machine that urges them to get angry about… well, everything?” Christian Science Monitor. http://bit.ly/2IorLQO
Can smart cities get smarter? “The smart city model has been around for year… However, the long-term impact on government efficiency and economic growth remains murky, and there are unanswered questions about privacy, excessive intrusion and data collection on individuals.” Governing. http://bit.ly/2OXIvQ9
