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The Dealmaker: 5/31/2019

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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

What did you do yesterday? Gregg Wolin, principal Crescent Bay Holdings. Gregg Wolin’s dog-day morning and deal-diligence afternoon highlight this latest look from RLGR into the busy schedules of some of Arizona’s top leaders in real estate and government. http://bit.ly/2InCCcb

What issues were the most talked about during AZ hemp rule making? Omar Abdallah, Rose Law Group attorney handling hemp-related issues, explains. What was the most contentious discussion point during the public hearings relating to the rules? Omar Abdallah tackles the FAQ in RLRGhttp://bit.ly/30XxRyl

Pinal County solar project picks up tech, retail, mining and government customers (Disclosure: Rose Law Group represents Saint Holdings.) What will be one of the biggest solar farms in the state has lined up some big customers — Phoenix, Mesa and Chandler among them — through SRP’s “Sustainable Energy Offering program.” How will solar impact their current energy usage? That and more in PBJ. (Subscriber Content). http://bit.ly/2ENTiZb

Pinal County prepares for influx of thousands of new jobs. (Disclosure: Rose Law Group represents Saint Holdings.) “While [Tractor Supply Co. and LKQ developments] brought in a couple of hundred jobs, the county is eagerly awaiting a pair of projects that will require up to 5,000 employees — the Lucid Motors plant in Casa Grande and the Nikola Motors plant in Coolidge.” AzBigMedia. http://bit.ly/2HLJ3GO

New homes sales turn a corner fueled by affordable submarkets. “People are flocking to affordability,” says real estate consultant Jim Belfiore, who shares his key findings and insight on the Valley’s housing market in this RLGR report by Mike Sunnucks. http://bit.ly/2wtCpOL 

HOORAY FOR PEORIAWOOD! –Film, television campus proposed in Peoria. “Desert Sky Studio Complex, a 130-acre, 24-stage film and television production campus with an entertainment and shopping district at Loop 303 and Lone Mountain.” Lights! Camera! But little action, at least so far. However, project developer Ruben Arizpe is quite confident it’s “going to happen.” Peoria Times. http://bit.ly/2HLZHWA

Arizona’s 1st My Place Hotel breaks ground in Avondale. Developed by MP Avondale LLC and located at 915 Avondale Blvd., the “four-story, 63-unit” My Place will be the very first hotel in the Avondale City Center District. AZRE. http://bit.ly/2XgU4Fr

Avalon Development turning Tempe eyesore into retail center. For years “developers had inquired” about the 1.5-acre “empty eyesore” at Baseline and Kyrene, “but no one was willing to tackle such a problematic site.” Enter “Scott Whittington and his Scottsdale-based Avalon Development team,” who convinced the community “that they could transform this de facto dumping ground into a point of pride.” AZRE. http://bit.ly/2KftlW0

Butler Sawmill project back from the dead. McGrath Real Estate Partners is heading back before Flagstaff City Council with “reworked” and “more appealing” plans for the previously denied apartment development at the Butler and Sawmill. What’s fresh this second time around? Find out in the Daily Sun. http://bit.ly/2JPKRAR

Flagstaff P&Z advises against 173-unit development. Trinsic Development seeks to build Aura Flagstaff, an apartment project on “land owned by the Auza family, who has owned it since before Arizona became a state” and who “just want to be able to develop” it after seeing “development after development spring up around them.” P&Z’s recommendation? Sorry, but no. Daily Sun. http://bit.ly/2WyptpD

Ranking Arizona: Top 10 architectural firms for 2019. “Here are the Top 10 architectural firms [big and small firms, plus landscape architects] in Arizona, based on public voting for the 2019 edition of Ranking Arizona.” http://bit.ly/2HPlYTK

Pinal planning $70M bond for new buildings. “Pinal County staff are planning for a $70 million 30-year bond issue for new county facilities and renovations over the next two years.” Get a rundown and view a couple of renderings of these future projects in Flo Reminder.http://bit.ly/2MgZjDJ

Eloy officials pitch city at Las Vegas retail convention. “Mayor Joel Belloc, Vice Mayor Micah Powell, Councilman Andrew Rodriguez and Economic Development Specialist Jeff Fairman” made the sales pitch for the city at last week’s “RECon event of the International Council of Shopping Centers.” The feedback? Do some studies. Eloy Enterprise. http://bit.ly/2wFfksR

Maricopa: Revenue on the rise. The City of Maricopa “took in $300,000 more in April than it did in March,” due mainly “to a major rise in contracting and increased transactions in most other areas.” Additionally, the city is “$2 million ahead of last fiscal year at this time.” InMaricopa breaks down all the data with a trio of splashy charts and graphs. http://bit.ly/2XhDxB2

Cameron’s $5M + deals of the day – http://bit.ly/2IcOuxf

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

Click here for 2019 Arizona Legislative News

Arizona Republic owner reportedly in merger talks with GateHouse, Tribune, McClatchy. “Gannett, owner of The Arizona RepublicUSA TODAY and Arizona Capitol Times, is reportedly in merger talks with newspaper chain GateHouse Media and has had discussions about possible deals with other media companies.” As for reaction from Gatehouse, Gannet and McClatchy on the news: Mum is the word. http://bit.ly/2HNEuM2

Ducey backs Trump’s tariffs against Mexico. “In a series of tweets, Gov. Doug Ducey voiced support of for President Donald Trump’s plan to implement a series of progressively increasing tariffs on Mexican imports in response to a surge of migrants.” AZ Mirror. http://bit.ly/2JPxQqQ

[REGIONAL] How Utah’s new ‘epic’ project will change the U.S. energy grid in the West. “What is touted as the world’s largest clean energy storage project destined to deliver 1,000 megawatts of energy is bound for Utah’s Millard County.” Deseret News reports “Utah Advanced Clean Energy Storage Project will generate enough power to meet the needs of 150,000 households.” http://bit.ly/310YWRo

[REGIONAL] How Gov. Polis plans to get Colorado using 100% renewable energy by 2040. “The plan includes modernizing the Public Utilities Commission, growing green jobs, and increasing the number of zero-emission vehicles and buildings.” Read Polis’ full plan via The Denver Channel. http://bit.ly/2YYFX84

[REGIONAL] Landlords win, renters take a hit. Just one tenant protection bill survives in California Assembly. “Landlords and realtor groups earned a win in the California Capitol this week after lawmakers shelved a bill to restrict evictions and amended another to limit caps on rent.” Should we care about this in Arizona? SacBee. http://bit.ly/2W7w1ak

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