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.
What do you need to grow hemp in Arizona? Omar Abdallah, Rose Law Group attorney handling hemp-related issues, provides insight. When can you start growing hemp in Arizona and what kind of licenses do you need? Omar Abdallah answers this FAQ in RLGR. http://bit.ly/2VYNH89
Arizona farms shrinking in number, growing in size. (Disclosure: Rose Law Group represents Jim Boyle and his family.) KTAR talks with dairy farmer Jim Boyle whose farming experience in the East Valley underscores newly released ag data showing a simultaneous “growth/shrinkage” of Arizona farms. http://bit.ly/2QA6m9d
Eric Jay Toll talks to Forbes about what’s luring so many folks to Phoenix. City of Phoenix Economic Development communications manager Eric Jay Toll shares insights with Forbes on factors that have “pushed Phoenix to the top of the list of the fastest-growing cities” in the country — and how multifamily developers have responded to that growth. http://bit.ly/2JNH3Qj
Nation’s largest homebuilder plans huge West Valley master-planned community. PBJ reports that Lennar “is set to break ground on an active adult community in Surprise that will include 1,500 homes.” Tap on for renderings and report. (Subscriber Content). https://tinyurl.com/y4m8vx9v
Luxury villas being planned next to popular Valley golf course. Luxian Scottsdale, from developer Gary Arnold, is a 14-unit luxury condo project that “abuts the Phoenician Golf Course.” Get a project rundown and enjoy an 8-image SLIDESHOW of this “exclusive boutique enclave,” in PBJ. (Subscriber Content). http://bit.ly/2I5BgTe
Richmond American to open Seasons community in Buckeye. Seasons at Verrado • Single- and two-story • Seven floor plans • Up to 2,630 sq. ft. • From the mid $200s • More info via Builder. http://bit.ly/2QtFIia
TIMELY MANOR? -58-unit townhouses project OK’d to move forward in Sedona. P&Z has given its go-ahead for this 24-building development in West Sedona. The project, already in the works for more than 10 years, could take another four to finish. Red Rock News reports, however, that “more than likely” it “will be completed in a more timely manner.” http://bit.ly/30RMGT5
Case-Shiller: Given the economy, housing should be doing better.Mortgage rates, inflation, and unemployment — all low. Incomes have seen moderate increases. “Measures of household debt service do not reveal any problems and consumer sentiment surveys are upbeat.” So what’s the rub? S&P Dow Jones Indices chair David M. Blitzer gives his take in MND. https://tinyurl.com/yxb8oqpb
Graycor completes Amazon building in Phoenix. “10 West Logistics Center Phase II is the final building in the 1.3 million-square-foot, two-building 10 West Logistics Center. It will be fully occupied by Amazon, who has committed to the entire building for use as a fulfillment center.” Take a peek inside this huge facility at AZRE. https://tinyurl.com/y2snwryo
Glendale council approves rezoning church parcel. If you were hoping for restaurant, coffee shop, retail and health club on a church campus at 75th Avenue near Loop 101, Glendale has answered your prayers! Mike Sunnucks files a breezy report on the Glendale green light in RLGR. https://tinyurl.com/y28azwq9
Maricopa Heritage District activist working with city to make change. “The goal, according to city councilman Rich Vitiello, is to take an initiative to listen to homeowners’ issues and to rebuild the potential once promised by previous city councils.” Maricopa Monitor. https://tinyurl.com/y3e3598v
How did the city’s oldest building end up at the Phoenix Zoo? “We know that this building got moved to Pioneer Village in the 1970s… because it was about to be torn down and Ed Eisele wanted to save it. But how did it end up at the zoo?” New Times reporter Robrt L. Pela looks into the ‘Strangeways’ of the old Phoenix Bakery building. https://tinyurl.com/yypyce6e
As a supplement to the Dealmaker, we thought you might enjoy these articles!
Click here for 2019 Arizona Legislative News
Laura Bianchi, Rose Law Group partner and director of Cannabis department, talks to Phoenix Business Journal about cannabis extract ruling. The Arizona Supreme Court yesterday handed down a huge 7-0 ruling okaying cannabis extracts. In this PBJ report, Laura Bianchi spells out why other forms of cannabis, such as resin and oils, “should have been treated the same” all along, ever since the Arizona Medical Marijuana Act went into effect nearly a decade ago. https://tinyurl.com/y2vz3lak
Republican women watch their numbers decline in state legislatures.Other key findings in this Governing report: “Women make up a larger share of Republicans in Democratic-controlled legislatures than GOP-led legislatures” and “Republicans are less likely to recognize the underrepresentation of women in politics and to help them run for office.” Tap on to see how Republican women lawmakers fare in Arizona.https://tinyurl.com/y2w3mcq8
KILLER JOKE? –Clean Elections commissioner condemns shooting joke by state representative. Republican House members were chatting about “a bill that would authorize funding for virtual shooting ranges and virtual training simulators for several law enforcement agencies.” The joke? “Can we virtually shoot the head of Clean Elections?” It did not go over well. AZ Mirror. https://tinyurl.com/y482addn
U.S. Supreme Court to decide on border shooting case. SCOTUS will “decide whether Border Patrol agents can be sued by the survivors of those who they shoot and kill on the other side of the border.” The issue surrounds a case involving a fatal Border Patrol shooting nine years ago in El Paso. A Cap Media Services/Howard Fischer report in AZ Cap Times. https://tinyurl.com/y3mankn4
