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
Who owns the moon? Current ‘Final Frontier’ ownership laws antiquated, says Rose Law Group Founder and President Jordan Rose.“Property rights in space could become a big deal, and the 50-year-old treaty that governs them is under strain.” Politico • Jordan Rose: “The laws relating to ownership in outer space were drafted when space travel was just a science fiction movie theme. As the prospect of exploration and even potential occupation becomes more real these laws need some serious refinement.” http://bit.ly/2x2wCQw
Rose Law Group honored to be ranked as the third best company to work for by The Arizona Republic! “Nineteen years of great fun and tremendous service. Happy to have such a terrific team!” says Rose Law Group Founder and President Jordan R. Rose. http://bit.ly/2FgFK8Z
HEMP INSIGHTS:Omar Abdallah, Rose Law Group attorney handling hemp-related issues, talks non-grower opportunities within burgeoning hemp industry. Interested in getting into the Arizona hemp industry but not as a grower? Opportunities will abound, says Omar Abdallah, who highlights some of the various options in RLGR. http://bit.ly/2Zuuuxa
Phoenix could help Lucid Motors get tax breaks for $700M electric car plant in Casa Grande. Decreased federal custom duties and lower property taxes could be in the offing for Lucid’s planned electric car plant in Casa Grande if a request to include it in a Foreign Trade Zone is taken up by the city of Phoenix. A Mike Sunnucks’ report in RLGR. http://bit.ly/2Rk1s0o
Queen Creek approves final plats for two communities. At Ellsworth and Riggs… Pecan Lake “will include a 47-lot private gated community, an agritainment area, a church and commercial uses,” while Ranchos Legante will be “a 116-lot private gated single-family residential subdivision.” QCI. http://bit.ly/2XitSNY
Eight-story apartment development proposed in Old Town Scottsdale. Developer Morgan Group and architecture firm Todd & Associates have plans for The Bishop Lane to be located on a 1.5-acre lot at Bishop Lane and Second St. Get a bit of design and development info in this MF news quickie from reporter Mike Sunnucks in RLGR. http://bit.ly/2KlVHid
Sedona study seeks options in affordable housing. In an effort to help mitigate “what some are calling” an affordability “crisis,” Sedona has begun accepting RFPs “from consultants as part of a planned housing needs assessment and five-year affordable housing action plan.” Details in RRN. http://bit.ly/2XQVDtH
Six initiatives for affordable housing support and disruption.Builder looks at six programs/disruptors “from the private sector, government and academia” that are helping to “solve the nation’s housing affordability issues” — plus a seventh such program that actually offers a “modest return for its investors.” http://bit.ly/2WNwS5x
Ranking Arizona: Top 10 subcontractors for 2019. “Here are the Top 10 subcontractors in Arizona [electrical, mechanical, masonry and landscape], as featured in the 2019 edition of Ranking Arizona.” http://bit.ly/2IlxBSk
Union Station in downtown Phoenix up for sale. All aboard to RLGR, for a report from Mike Sunnucks on CBRE’s listing of the former train station located at 401 West Harrison St. http://bit.ly/2IqksaZ
Challenger Space Center will get new life. But where did the museum land? “Peoria Unified School District will repurpose the old Arizona Challenger Space Center building,” reports AZCentral. “Meanwhile, the Challenger Space Center that once occupied the space is fundraising to reopen in north Phoenix.” http://bit.ly/2XiC8gU
Micro car company relocates to Arizona City. What, like Hot Wheels, Matchbox or Tonka? No, not quite that small, but definitely “smaller than those to be produced by Lucid and Nikola.” ACI. http://bit.ly/2Xr5Osk
Eloy mayor and city staff highlight accomplishments. “Mayor Joel Belloc and city staff highlighted some key accomplishments for the past year as well as upcoming projects in the annual State of the City address Thursday.” Eloy Enterprisehas the recap. http://bit.ly/2WJ4eNP
As a supplement to the Dealmaker, we thought you might enjoy these articles!
Click here for 2019 Arizona Legislative News
Beating my dad: Reflections on Father’s Day. “I compare myself with my father too much,” confesses NYT and WSJ contributing columnist and Klezmer Guyblogger, Bert Stratton. With birthday No. 69 just around the corner, “Uncle Bert” (as he’s known to Jordan Rose and Court Rich) shares some of those dad comparisons in this City Journal Father’s Day piece. http://bit.ly/2WP6yrI
I have 2 dads — both Hall of Fame inductees. A special “Hall of Fame” Father’s Day tribute by Senior Reporter/Writer Phil Riske in RLGR. http://bit.ly/2KTbSDb
The man behind ‘Fortnite.’ “At age 20, Tim Sweeney founded Epic Games in his parents’ basement. His company now owns one of the most popular videogames on Earth. But he doesn’t want the credit. WSJ (Subscriber Content). http://bit.ly/2FhZI2S
The hot new debate over the future of the smartphone. “According to the smartphone naysayers, it might look like we are bionically tethered to our devices, but we are actually poised to shed our reliance on them, one function after another.” Axios. http://bit.ly/2WPbyYi
Search for airline pilots takes off at Phoenix-area airports. “It’s a conundrum bordering on a crisis for the global airline industry: More people are flying to more places, but the number of pilots is not keeping up.” NYT via RLGR. http://bit.ly/2KpIqoD
Who killed mall commission remains a mystery. “The Legislative Governmental Mall Commission was given a name bureaucracies dream of and a death Sen. Lela Alston described as ‘snakey’ even by political standards.” AZ Cap Times (Subscriber Content). http://bit.ly/2RmCFsx
3 Arizona congressmen under ethics probes. “Hostile workplace” conditions, “slipshod office operation” and questionable “Christmas bonuses.” Those are the allegations being leveled against three Arizona lawmakers. Details in The Arizona Republic.http://bit.ly/2wVg5Ov
Arizona appeals court won’t require vehicle safety equipment beyond federal rules. “In a new ruling, the judges rejected arguments by a woman seriously injured in an accident that Nissan should be held liable for failing to install an automatic braking system in the vehicle that struck her car.” A Cap Media Services/Howard Fischer report via Daily Star. http://bit.ly/2Zt8CSR
