The Dealmaker: 6/3/2019

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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

How will hemp grow in Arizona? Omar Abdallah, Rose Law Group attorney handling hemp-related issues, weighs in. Hemp is known to be a sustainable and versatile crop, but will it grow well in Arizona? See what Omar Abdallah says about it in RLGR

Ranking Arizona: Top 10 master-planned communities in 2019. “Here are the Top 10 master-planned communities [over/under 2,501 homes] in Arizona, based on public voting for the 2019 edition of Ranking Arizona.”

Virtua Partners adds chief development officer. Opportunity Zones and Avalon Station are top development priorities for Virtua Partners and Jeremy Hall, as the former president of “now shuttered” MCO Properties becomes the company’s very “first chief development officer.” PBJ (Subscriber Content). 

Downtown Chandler bursting with new development. What next? AZCentral looks at various developments — projects completed and those underway, from dining and entertainment options to office and multifamily developments — that continue to transform the “once sleepy” city center” into an ever-evolving “hotbed of activity.”

Redevelopment plans filed for Scottsdale Entrada on McDowell Road. It was once part of a POW camp during World War II holding German U-Boat prisoners. It was later part of city’s Motor Mile of car dealerships. Now, developers want to bring multifamily, office and restaurants to the 33.4 acre property. Details in Mike Sunnucks’ report at RLGR

Gilbert council to vote on new homes at Hamstra Dairy property. Reporter Mike Sunnucks looks ahead to this week’s council vote on Maracay’s plans for new homes at Chandler Heights and Val Vista. RLGR.

RFP Issued for new ASU multi-purpose sports arena. “The 5,000 seat multi-purpose arena will be located directly northeast of and will attach to the Wells Fargo Arena, where a major renovation project is also planned.” Tap to BEX for rendering, RFP details, plus info on how to participate in an “online pre-proposal conference.”

Maricopa buys land to sell for development at Copper Sky. “The $2.65 million purchase at the corner of [SR] 347 and Bowlin Road took place for one reason. The city may now determine who will and won’t be part of the development at Copper Sky, next door to its $30 million Copper Sky multicultural complex and park.” InMaricopa.

Hot pursuit of permit that ‘isn’t needed’ defines Vigneto development controversy. El Dorado Holdings says it doesn’t need a clean-water permit to develop the 12,300-acre, 28,000-home project — but it “applied for the permit anyway.” In this Daily Star report, enemies of development question whether El Dorado Holdings and the Army Corps (as permitting authority) are “trying to have it both ways.”

One of a kind’ hotel before Sedona P&Z. “Ambiente: A Landscape Hotel is the latest hotel to be proposed in Sedona.” And, as Red Rock News notes, not only is it “unlike anything the area has seen,” but it’s also “being touted as the only one of its kind in the United States.” ->

Pinal County has some economic lessons for Gila County. “Both started as ranching and mining communities. Both were rural, with no big population center. Both struggled to create an economic base to provide good jobs. But then, Pinal took a different path.” Payson Roundup.

A BREAKTHROUGH? —Paradise Valley narrows focus as part of Lincoln median improvements. “A conclusion is becoming more clear regarding the Lincoln Drive median improvements after the Paradise Valley Town Council zeroed in on access [via a median break] to one property along the roadway.” Paradise Valley Independent.

Flagstaff Mayor Coral Evans joins race for State House. Saying that there “is a disconnect between our state representatives and local municipalities,” Flagstaff Mayor Coral “Evans announced Saturday her intentions to run for one of the two seats representing Legislative District 6 in the Arizona House of Representatives.” Daily Sun.

Flagstaff councilmember Jamie Whelan to run for mayor following Evans’ state bid. “Whelan announced Saturday evening that she would be seeking to replace Coral Evans as mayor of Flagstaff.” A tiny bit more on this in Daily Sun.

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

Click here for 2019 Arizona Legislative News

9th Circuit Court upholds Arizona law challenged by Libertarians. “Judge Margaret McKeown… said that voiding the law — and going back to the way things were — would ‘incentivize parties to have fewer registered members and therefore artificially reduce the signature requirements.’ “A Cap Media Services/Howard Fischer report in Daily Star

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