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The Dealmaker: 5/9/2019

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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

Rose Law Group: A Ranking Arizona top law firm. The general public, via Ranking Arizona, says: Rose Law Group is one of the Top 10 law firms in Arizona! http://bit.ly/2WznqOG

Top economic developers earn EDDE Awards from AAED. Way to go Goodyear, Chandler and Camp Verde! The municipalities were each honored recently with a prestigious Economic Development Distinguished by Excellence award. Economic directors from Goodyear, Maricopa, Casa Grande and Surprise also took home EDDEs for individual contributions to development. Check out all the winners in AZ Business Magazinehttp://bit.ly/2Ve454n

Glendale takes another step in connecting Westgate, State Farm Stadium to Camelback Ranch. (Disclosure: Rose Law Group represents Mattamy Homes) City Council will vote on a design services contract with Salt River Project next week related to the Ballpark Boulevard Extension Project. Mike Sunnucks previews the upcoming municipal action in RLGRhttp://bit.ly/2VqSXWB

Development plans could be coming for Phoenix Convention Center site. City Council members Michael Nowakowski and Deb Stark brought up potential redevelopment of the 9.27-acre South Building site at city meeting this week. Mike Sunnucks takes a closer look at this possible Opportunity Zone news in Rose Law Group Reporterhttp://bit.ly/2LuwgMB

Trammell Crow buys Scottsdale parcel. Located at Raintree and 87th St., the 8.24-acre parcel is being touted as “one of the last remaining fee-simple Scottsdale Airpark land sites.” Transaction details, “site features,” plus an aerial view of the infill property, at AZREhttp://bit.ly/2DWTncM

Top 10 general contractors for 2019. “With whom would you like to do business?” Ranking Arizona posed the question, the pubic answered back, and these are the results: The Top 10 general contractors in Arizona.-> http://bit.ly/2Q0ZZvu

Real estate’s latest bid: Zillow wants to buy your house. And it wants to do so with just a “handful of clicks.” Instant buying, or iBuying, is a “small part of the market, but it is growing at breakneck speed,” particularly in Phoenix, which “has become a hub of the instant-buying phenomenon.” NY Times. http://bit.ly/2Ltuiw2

What did the MLS look like in 1985? It’s “MLS before the Internet.” The Arizona Report’s David Meek sets the scene: “The DeLorean is running and the flux capacitor is dialed to October 15, 1985. Our destination is a real estate office in Sun City… Strap in. At precisely 88 miles per hour, we are vaporized and transported back to the pre-Internet age. Great Scott!” http://bit.ly/2VY0D1W

[GUEST COLUMN] City bond process engaged many Scottsdale citizens.Councilmembers Guy Phillips, Suzanne Klapp and Kathy Littlefield praise the “efficient process” that resulted in an “agreement to call a general obligation bond election on Nov. 5, on three questions, with 58 capital projects totaling $319 million.” Scottsdale Progress. http://bit.ly/2JApq5X

Maricopa approves tentative budget of ‘wish list’ projects. The list includes “$34 million” in “repurposing,” “renovating,” “widening,” as well as the opening up of “thousands of acres of land for development.” City Manager Rick Horst did the “wish list” unveiling, InMaricopa has the rundown. http://bit.ly/2HaKFJW

Arizona AG: Medical marijuana industry should have access to banks; ‘essential,’ says Laura Bianchi, partner and director of Rose Law Group Cannabis Department. AG Mark Brnovich has joined “37 other state and territorial attorneys general” in a push for “legislation that would expand banking access” for cannabis-related companies, reports AZCentral. Laura Bianchi praises the move, telling RLGR, in part, that not having such banking “creates unnecessary cost, expense and risk.” http://bit.ly/2HaLSj0

Cameron’s $5M + deals of the day –http://bit.ly/2DZ07Xs

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

Click here for 2019 Arizona Legislative News

Two men guilty in federal bribery case that ensnared former Arizona Wildcats assistant coach. Christian Dawkins and Merl Code “were found guilty on three of the 10 total charges facing them. Dawkins, “an aspiring sports agent,” sounded downright upbeat about it afterwards, telling the Star, “I think that’s pretty good.” (RELATED: “Christian Dawkins says he ‘never’ talked to Sean Miller about bringing Deandre Ayton to UA.” • “UA President Robert Robbins says ‘Sean’s our coach’ after federal trial ends.”) http://bit.ly/2VccKEl

AZ House approves initiative restrictions with heightened powers for AG. SB1451 would grant “the state’s attorney general the power to alter the wording on the ballot that explains to voters what a measure will do.” Meanwhile, lawmakers “rejected” and “punted” on other proposals involving voter registration and signature gathering. Arizona Mirror. http://bit.ly/2VwBKLK

House Dem budget proposal aligns mostly with Ducey’s. “Democratic representatives took their budget pitch public on Wednesday morning in an effort to appeal to Republican Gov. Doug Ducey, while state senators in the minority party are keeping their plans close to the vest.” AZ Cap Times. http://bit.ly/2Yi3Oz6

Doctors ignoring Ducey’s law on opioid prescriptions, report says. “Arizona law requires doctors to check a state database before they write a new prescription for a controlled substance, such as opioids. Yet fewer than 40% do.” (RELATED, by RLGR: “[OPINION] Knee-jerking on opioids at the expense of patients and doctors.”) http://bit.ly/2JbwbM8

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