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The Dealmaker: 7/08/2019

Posted by   /  July 8, 2019  /  No Comments

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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

On the move at Experience Matters, Rose Law, Ballard Spahr, Muscular Moving Men. Olen Lenets joins Rose Law Group, bringing with him unique insights and a diverse body of legal experience, including work on real estate, zoning, permitting, cannabis and litigation matters. And AzBigMedia shares the news! http://bit.ly/2JycADj

Saint Holdings finalizes purchase in one of Arizona’s biggest private land buys. (Disclosure: Rose Law Group represents Saint Holdings.) President and CEO Jackob Andersen tells PBJ that the company has “finalized buying 5,650 acres in Coolidge that was owned by the city of Mesa — a deal first agreed upon eight years ago.” (Subscriber Content). http://bit.ly/2YGOMn5

Opportunity Zones can drive development of renewable energy; Dan Gauthier, Rose Law Group transactional attorney handling many Opportunity Zone investments, comments. Dan Gauthier tells RLGR:“Renewable energy projects are well-suited for OZ investments, yet remain a relatively untapped resource and new stream of capital for those in the renewable energy space.” As one green energy investment CXO puts it in this Forbes’ report: “Clean energy folks are beginning to jump all over this. It’s a giant money fire hose, and we want to point it at the things we want.” http://bit.ly/2FYg9BJ

Tucson sees healthy bumps in home sales. Sales over the last 4 months have been higher than during any other period in which Belfiore Real Estate Consulting has collected data in Tucson. Belfiore analyst Steven Hensley has even more “extraordinary” data on the Old Pueblo housing market in this Mike Sunnucks/RLGR report. http://bit.ly/2Xwu8cZ

Central Park development at Indian School and Central moves forward.The large Pivotal Group project next to Steele Indian School Park continues its forward trajectory with some recent City Council action on the proposed development. Mike Sunnucks reports in RLGR. http://bit.ly/32isdY2

Queen Creek Planning Commission updated on annexation, rezoning of 4,140 acres of State Trust land. And it was QC Development Services Director Brett Burningham who did the updating concerning the “nineteen planning areas” on “more than 6 square miles at the northeast corner of the town’s planning area.”QCI. http://bit.ly/30m6LzE

After Gov. Ducey’s Twitter rant, what’s next for the planned Nike plant in Goodyear? With the Nike/Ducey/Kaepernick/Betsy Ross brouhaha having abated a bit, AZCentral looks at what’s next for the proposed Goodyear Nike plant, which ”may not even be fully operational until the two-term governor leaves office in 2023.” http://bit.ly/2LH9v6F

Decision 2019: Prosperity of Scottsdale hangs in balance. “The [bond] election [on Nov. 5] could be landmark for the city, as failure of any or all of the initiatives could have implications to the day-to-day life of Scottsdale residents.”Scottsdale Independent. http://bit.ly/2XyXpnb

Chandler looks at future growth at airport. City Council will be briefed today on a potential upgrade to its Airport Master Plan, which hasn’t had a makeover in nearly a decade. A Mike Sunnucks’ report in RLGR. http://bit.ly/2L8oC9W

Goodyear and environmental group want to shift proposed I-11 path.“City Council earlier this month voted to support the potential highway’s route, with the exception of a one-mile stretch that comes close to 1,500 homes.” Meanwhile, “Audubon Arizona is circulating a petition aimed at shifting the highway to an alternative path.” AZCentral. http://bit.ly/2L8JPAn

Arrowhead mall in Glendale is defying the odds. “The West Valley is rapidly expanding… and officials say that’s helping places like the Arrowhead mall thrive, even as other malls struggle.” AZCentral. http://bit.ly/2LK0euA

County finishes New River Area Draft Plan. And it looks like “natural desert/open space, the small town feel with quiet neighborhoods and large lots” will be the overall policy that will guide future uses for “county land in New River, Anthem, Desert Hills and unincorporated areas of greater North Phoenix.” Check out maps and get a draft-plan overview in Foothills Focus. http://bit.ly/2L8QHhc

Peoria general plan proposal to be released. The “initial concept” won’t be ready for its public debut until July 18, but Peoria Planning Director Chris Jacques provides a sneak peak in Peoria Times.http://bit.ly/2YGowcL

Tucson’s Borderlands Brewing opening adaptive reuse microbrewery next to Deer Valley Airport. So when will the kegs officially start flowing? That and more from Mike Sunnucks in RLGRhttp://bit.ly/2JnSUmV

Tucson could get a new casino. “Tucson could get a new casino if the Pascua Yaqui Tribe and the city reach an agreement — a first of its kind between the city and a tribe.” Daily Star reports that the property, situated near West Grant and I-10, “once was the site of large drive-in theater.”  http://bit.ly/2YPNVk0

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

Click here for 2019 Arizona Legislative News

Get to know Phoenix Mayor Kate Gallego. Her biggest priorities? Issues she’s “most passionate” about? How will she endeavor to “build a city that works for everyone?” Mayor Gallego chats on these and other topics in this Q&A with Chamber Business News (via AzBigMedia). http://bit.ly/2XVbAm1

Cattle grazing in Arizona is cheap and public school funding pays price.When Arizona was a new state, the feds gave “it over 10 million acres of land — with the stipulation that revenue from the sale or lease of the land be earmarked to support public education.” However, “the leasing of more than 8 million acres of that land for cattle grazing appears to have benefited cattle ranchers more than public education.” AZCentral. http://bit.ly/32pYb50

APS settled claims for 2 customers who died after their power was shut off. “One woman whose power was cut in June last year was found dead in her home in July, and another woman was found dead in December 2011 after APS cut her power in November that year, according to the letter APS filed with the Arizona Corporation Commission.” AZCentral. http://bit.ly/2xLVHjn

Mitch McConnell weighs In on Nike controversy: ‘I’ll make the first order.’ “Senate Majority Leader Mitch McConnell is calling on Nike to reverse its decision to pull its Independence Day-themed shoes, pledging that if they do, he will make the first purchase.” Huff Post. http://bit.ly/2LH7K9D

Proposed Arizona-Mexico wall threatens Southwest’s last free-flowing river. Not only will the wall be “an environmental catastrophe,” but it will also be “an engineering nightmare.” So says the Center for Biological Diversity in New Times. http://bit.ly/30qYhrh

More cake, less scandal (and no UFOs): Ex-Gov. Fife Symington is still looking for his legacy. “Fife Symington has worked two decades to reinvent himself after a fraud conviction forced him from office. He’s still not sure how he’ll be remembered.” AZCentral. http://bit.ly/2JADYkj

Now some families are hiring coaches to help them raise phone-free children. “Parents around the country, alarmed by the steady patter of studies around screen time, are trying to turn back time to the era before smartphones. But it’s not easy to remember what exactly things were like before smartphones. So they’re hiring professionals.” NY Times. http://bit.ly/2LEmzdb

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