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
Justin Brandt, Rose Law Group litigator, cited in AZCentral report on state’s budding hemp and CDB industry. “In Arizona, a legal change recently allowed farmers to grow hemp, from which CBD is derived.” What changes has Justin Brandt seen as a result? Tap on to find out. http://bit.ly/2MK6dll
New community breaks ground in Goodyear. Village at Pebble Creek, from The Empire Group and Stellar Residential, is just a stone’s throw west of Pebble Creek Pkwy. Boasting a “fluid design,” the “single-family rental” community is “expected to open in December.” Details in West Valley View. http://bit.ly/2WFVk8F
Chandler asked to continue Mountain View Estates plans. W Holdings is seeking to rezone land at Riggs and Lindsay for a residential subdivision. Mike Sunnucks files this news brief on the matter for RLGR. http://bit.ly/2KNXeNk
Hey, middle class, the housing crisis is coming for you next. “[S]evere affordability issues impacting low-income Americans have crept into the lower-middle class and, without action, will get worse.” Or at least that’s what a new study claims. Curbed looks into a few of the “nuanced” findings. http://bit.ly/31yJb47
The multibillion-dollar problem of weak cybersecurity in real estate. “With huge fund transfers happening on a daily basis in real estate, the sector has always been a lucrative target, especially due to its relative technological unsophistication.” Forbes contributor and real estate tech writer Angelica Donati has some advice on what companies can do to “tackle the threats.” http://bit.ly/31v0B1w
Great Wolf Lodge Arizona moves up its opening date, adds twisty Diamondback Drop slide. The “family resort” on the Salt River Reservation will open three weeks earlier than expected, and with a new water attraction making a splash: A “four-person slide called the Diamondback Drop” which will take riders through “360-degree coils before plunging” them “into ‘the belly of the snake.’ ” AZCentral. http://bit.ly/2ZlCxML
Club West deal collapses. “A foursome of businessmen who had tentatively planned to buy the Club West Golf Course and restore it for play by late fall backed out of the deal on Monday, saying it is worth only half the $850,000 price that owner Wilson Gee wants for it.” AFN. http://bit.ly/2IdCA7B
Developer asks for more time for Chandler office park. JF McKinney & Associates of Arizona LLC is asking the city for another three-year extension to develop the land at Alma School and Pecos. Learn why in this RLGR report by Mike Sunnucks. http://bit.ly/31xQJnZ
Chandler to vote on plans for downtown restaurants. Mike Sunnucks reported in RLGR on Tuesday that Chandler was moving closer to two new downtown restaurants. That forward movement continues today with a vote to bring in Tipsy Egg and The Uncommon. -> http://bit.ly/2IduXyc
Arizona Snowbowl working on new master plan. Plans include “new facilities, chairlifts, ski routes, winter tubing routes and night skiing during the winter season, and new options during the warmer months” — all “without adding an acre to the Forest Service permitted land within Snowbowl’s 777-acre resort.” Check it out in Daily Sun. http://bit.ly/2F7JHN9
Flagstaff announces new city manager candidates, schedules meet-and-greet. “Flagstaff City Council is hoping the third time is the charm as the city announced Wednesday four new finalists for the job of city manager.” Daily Sun. http://bit.ly/2KgstkN
Cameron’s $5M + deals of the day –http://bit.ly/2MK1osf
As a supplement to the Dealmaker, we thought you might enjoy these articles!
Click here for 2019 Arizona Legislative News
OUT FOR THE COUNT? – Study concludes Arizona likely to suffer worst Census undercount, lose congressional seat, if citizenship question added. <- “That’s according to a study from Harvard University’s Shorenstein Center on Media, Politics and Public Policy.” Read about it in AZ Mirror. http://bit.ly/2Kgn5Ov
Committee told Trump revisions to clean water law water down strong federal oversight [VIDEO]. While no mention is made of it in this Cronkite Newscoverage of Wednesday’s Senate Environment and Public Works Committee hearing, it’s worth noting that the National Association of Home Builders has expressed its support for the Trump administration’s proposed “WOTUS” rule. http://bit.ly/2wThp4s
Didn’t we just get a state budget? Yes. And the process is gonna gear up again. Very soon. Read about it if you’re able in this AZ Cap Times subscriber-only report. http://bit.ly/2IJYTB1
