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
Andy Tobin quits Corporation Commission to lead Arizona Department of Administration. Breaking in AZCentral: “Andy Tobin is resigning from the Arizona Corporation Commission and will be the next director of the state Department of Administration, the Governor’s Office said Thursday.” Dealmaker has learned that Gov. Ducey has already appointed Lea Marquez Peterson as Tobin’s replacement. Read on! http://bit.ly/2WsKx0R
What are the rules regarding hemp and who made them? Omar Abdallah, Rose Law Group attorney handling hemp-related issues, provides details. The Department of Agriculture adopted or is adopting a bunch of rules relating to hemp. What was that process like and when will the rules be finalized? See Omar Abdallah’s response in RLGR. http://bit.ly/2XemL5T
SCOOP: Gilbert Mayor Jenn Daniels sees more than just trendy restaurants in Heritage District’s future. In a Rose Law Group Reporterexclusive, Gilbert Mayor Jenn Daniels chats with reporter Mike Sunnucks about finding the right mix of retail, arts, community and development to complement the trendy bars and restaurants along Gilbert Road. http://bit.ly/2wDvJxX
[OPINION]: Investment in organizations like MEDA and GPEC is critical.In AzBigMedia, Jim Kenny, president of El Dorado Holdings, champions the Maricopa Economic Development Alliance and the Greater Phoenix Economic Council as key, not only to “El Dorado’s success,” but also for “economic development and prosperity in our region and state.” http://bit.ly/2EJ8rem
Viral tweets warned of development near Grand Canyon. But is the threat real? Stilo Development plans “to build over 2000 houses, a spa, a convention center, and potentially a ‘water park.’ The tweet went out, “calls, voicemails and emails” flooded in — to Tusayan Town Hall, overwhelming officials. But is anything in the tweet true? The facts in AZCentral. http://bit.ly/2Z132Ho
Nonprofit to break ground on Phoenix townhouse complex. Trellis, a Phoenix-based 501(c)(3) that boasts “support for every phase of home ownership,” is putting its nonprofits where its mouth is, breaking ground yesterday on the “affordable” Trellis @ Colter, a “20-unit townhouse complex” situated at Colter and 16th Dr. KTAR. http://bit.ly/2MiOUHU
Phoenix developer, Cardinals player to begin construction on Tempe residential project. “Developer Joe Risi and Arizona Cardinals defensive lineman Corey Peters are backing a joint venture residential project” called The Muse at Spence located on Spence near Rural. Image along with info on the development’s “for-sale” units in PBJ. (Subscriber Content). http://bit.ly/2EJaChP
Two new apartment projects proposed for downtown Tucson. “Developer Ross Rulney wants to build 144 market-rate apartments in two separate downtown Tucson projects.” RED News reports both properties are in an Opportunity Zone, and one of the projects would entail razing a “10,000-square-foot building” for a “7-story, 100 unit” complex. http://bit.ly/2EGHrME
Attorneys clash over Lakes course future. “The hearing before the three-judge panel in Phoenix marks the latest chapter in the five-year-long litigation filed by a group of homeowners to force [owner Wilson] Gee into restoring the moribund course.” Did Gee’s attorney get the judges to see any wiggle room in the deed restrictions? Find out in courtroom-clash coverage, courtesy of AFN. http://bit.ly/2XjMWIg
Mortenson brings 1st cross-laminated timber development to Tempe. The Beam on Farmer, a Mortenson/Urban Development Partners project at 401 S. Farmer Ave, “will be a marriage of solid timber, concrete, steel and glass, giving it a natural wood aesthetic with a modern yet vintage vibe,” reports AZRE. See what that “vibe” will look like, and get further design details here: http://bit.ly/2HMG3tQ
Mountain View Medical Plaza redevelopment hinges upon perception of Paradise Valley compromise. With PV Planning Commission approaching a recommendation deadline on the medical plaza’s makeover, some Firebrand Ranch residents “appear to be open to compromising,” while “others have voiced a strong opposition to any type of development.” PVI. http://bit.ly/2WvLfKF
Yuma campus board discusses new education hub. “The Yuma Multiversity Campus will serve as an education hub for existing institutions of higher education.” Recent discussions focused on “bringing community, academic and industry partners together for complete planning and development that will be key to turn the multiverse concept into a reality.” Yuma Sun via BEX. http://bit.ly/2HP5yL7
3 Democrats, 1 independent submit petitions to run for Tucson mayor; GOP hopeful misses cut. Regina Romero, Steve Farley, Randi Dorman, Ed Ackerley and Sam Nagy — three are Dems, one is an Indy, and another is a Repub who’s already out of the race. Daily Star. http://bit.ly/2Mjclkb
As a supplement to the Dealmaker, we thought you might enjoy these articles!
Click here for 2019 Arizona Legislative News
[REGIONAL NEWS] Tempe contractor stopped by New Mexico mayor from building border wall. “Eighty percent of a private border wall was built in Sunland Park, New Mexico, but now construction is halted, after the mayor of the city delivered a cease and desist order to the owners of the land.” KOAT reports “Fisher Industries based out of Tempe, Arizona, is the primary contractor for the wall.” http://bit.ly/2XmmIFe
Arizona political figures respond to Mueller’s statement on Russia probe.Reactions from political expert Stan Barnes and U.S. Reps. Andy Biggs, Debbie Lesko, Ruben Gallego and Raul Grijalva — in KTAR. http://bit.ly/2XgI3jc
Supreme Court upholds sanctions against political law firm. “A Phoenix law firm known for its political involvement and lawsuits will have to pay nearly $150,000 in legal fees over what [the Arizona Supreme Court] concluded was unfounded litigation to try to stop what has become the largest medical marijuana cultivation facility in the state.” A Cap Media Services/Howard Fischer report in AZ Cap Times. http://bit.ly/2Mtvy30
‘Almonds don’t lactate’ but what’s in cannabis? And what does any of it have to do with “the nearly 300 measures” that emerged from the “just-completed” legislative session? Find out from Howard Fischer in the Daily Star. http://bit.ly/2HKcAAC
[OPINION] Lose your job for criticizing your legislator? Only in Arizona. Arizona Republic editorialist Elvia Díaz says “Rep. Kelly Townsend crossed the line when she called HR on a citizen who said Townsend ‘favors child molesters.’ ” http://bit.ly/2XgBKvQ
