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The Dealmaker: 5/22/2019

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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

Phoenix becomes a powerhouse in data center development; incentives key, says Rose Law Group Founder and President Jordan Rose. With Goodyear seeing “the biggest jump in data center activity” and Mesa and Chandler “also active,” the data center “market is no longer a sleeping giant. The giant has awoken.” AzBigMedia • Jordan Rose, who has been working on data center projects, tells Rose Law Group Reporter: “Arizona really leads with incentives for data center development…” http://bit.ly/2ErQTmH

Are existing businesses eligible for Opportunity Zone investments? Dan Gauthier, Rose Law Group transactional attorney handling many Opportunity Zone investments, responds. Is there still a question about the advantages a performing business in an O-Zone can utilize? See what Dan Gauthiersays in RLGRhttp://bit.ly/2M0lgqE

Betty Guardado, Carlos Garcia poised to be new faces on Phoenix City Council. “Union organizer Betty Guardado will be the new representative for District 5 in West Phoenix, unseating councilwoman Vania Guevara, and immigrant rights activist Carlos Garcia is poised to defeat former councilman Mike Johnson in District 8.” -> http://bit.ly/30E5PYw

Queen Creek makes final plat approvals for Ovation at Meridian. Town Council recently “approved three final plats for a trio of parcels” in the “780-lot master planned active adult residential community.” Get the parcel particulars in this QC Independent report. http://bit.ly/2JAeINE

Homeowners’ top neighborhood gripes. Bars on windows? Loud paint jobs? Boats parked curbside? While those are among major “dislikes,” such negative neighborhood ‘wow factors’ don’t come close to topping the list of what irks potential homebuyers most. See what REALLY turns them off, by gender and generation, in REALTORMag. http://bit.ly/2wdzmtU

Infill, boutique apartments proposed in Old Town Scottsdale. The Clayton Companies wants to redevelop four parcels in Old Town Scottsdale at 75th and Second into a new infill, boutique apartment project. Mike Sunnucks provides TWO reports on the proposed project — his CliffsNotes version, plus link to the full Case Info Sheet — in RLGRhttp://bit.ly/30Ch4Rh

Mesa looks at trading cowboys for ‘zen’ development. P&Z will consider plans to redevelop the former Rockin’ R Ranch restaurant site into a 90-unit townhouse project called Zen on Baseline. The mere mention of such a Zen-titled project brings to mind a Garry Shandling joke about why Buddha never got married — because his wife would’ve complained, ‘What’re you gonna do, just sit around the house like that all day?” More on the Mesa project from reporter Mike Sunnucks in RLGRhttp://bit.ly/2M47Wlg

First luxury apartment community to Vail. Movin’ on up, to the eastside submarket of Tucson! HSL Properties is slated to break ground this month on “a 312-unit luxury apartment complex” called Encantada at Rita Ranch. Development details in RED Newshttp://bit.ly/2WZZrZt

ICSC Research: How to mix uses for maximum convenience. How critical is it for retail, residential and office to be near food, medical and fitness? RED Newsshows us, via a checkerboard graphic that lays out “the importance of proximity between tenant pairs in a shopping center.” http://bit.ly/2wczbPx

Gilbert breaks ground on $85M police and firefighter training facility.“The police and fire departments in Arizona’s fifth-largest municipality have been forced to rely on facilities in other communities for crucial hands-on training.” Monday’s groundbreaking has Gilbert taking another major step toward cutting that cord. KTAR. http://bit.ly/2Wk6ejp

East Valley rezoning case centers on medical marijuana. The city of Mesa is considering a rezoning proposal to allow a medical marijuana dispensary to locate at a commercial center on Baseline between Country Club Drive and Alma School. Details in Mike Sunnucks’ RLGR report. http://bit.ly/2YPuHLl

Scottsdale approves Sky Harbor flight path measure asking FAA to move routes to east. “Scottsdale wants the FAA to move flight paths eastward to mitigate noise and other complaints from some residents.” Yesterday, City Council approved two suggested reroutes. Find out where in RLGRhttp://bit.ly/2WlsQAe

[REGIONAL NEWS] Repurposed mining land offers affordable mixed housing options. “Daybreak… in South Jordan, Utah, is the first project in the region to reclaim surplus mining land and create opportunities for market-rate affordability without additional subsidies. The largest master-planned community in the state, it is entitled for more than 20,000 homes.” More on the Kennecott Land Company development in NAHBNow. http://bit.ly/2Wl7qTG

Stadium. Check out construction progress on Las Vegas Stadium, the future home of the Las Vegas Raiders, AS IT IS HAPPENING via LIVECAM trained on the site, in Las Vegas Review-Journal. Mesmerizing! http://bit.ly/2EqZjuG

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

Click here for 2019 Arizona Legislative News

Trump to nominate Arizona’s Barbara Barrett for Secretary of U.S. Air Force. Congratulations to Barbara Barrett, former Chairman of the Aerospace Corporation, on her nomination for Secretary of the Air Force! We couldn’t agree more with President Trump, who said, “She will be an outstanding Secretary!” AZCentral. http://bit.ly/2JWs2eh

Progressives at a party dinner let Sinema have it for her votes. “A group of progressives used [the 2019 Mofford-Warner Dinner on Saturday] as an opportunity to let U.S. Sen. Kyrsten Sinema know how they feel about her repeatedly bucking the party line.”AZ Mirror. http://bit.ly/2JyQqU0

Pardon me, says Renzi to Trump. “A lawyer for former GOP congressman Rick Renzi sent a letter to the Department of Justice last month asking the department to open an investigation into alleged misconduct on the part of investigators who put Renzi away.” Daily Sun. http://bit.ly/2EC0t6T

Republicans brace for budget battle as Dems sit on sideline. (PAYWALL) “An $11.8 billion spending plan was introduced [yesterday], setting GOP leaders and Gov. Doug Ducey on a collision course with a handful of Republican senators who said they’ll vote no.” MEANWHILE: “As usual, Republican legislators are not counting on votes from Democrats.” AZ Cap Times. http://bit.ly/2M0qaE4

Newspapers will be gone in 5 years, says NYT editor. In a Q&A, New York Times Executive Editor Dean Baquet discusses “his newsroom’s relationship with President Donald Trump, access to quality journalism, trust in journalists, the frightening fate of local newspapers, and what keeps him up at night.” By: Newsplexer Projects. http://bit.ly/2HweWTt

Majority of Arizonans, even Republicans, believe in climate change. The existence of climate change “has been hotly debated in the last decade,” but based on this OH Predictive Insights poll, it seems even “climate change deniers” are warming up to the idea. KTAR. http://bit.ly/2Qksnca

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