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
Female-led investment group makes another West Valley land purchase (Disclosure: Rose Law Group represents SLM Land Holdings.) “SLM Land Holdings — a real estate investment firm led by Anita Verma-Lallian, Eileen Jain Sahai and Smita Patil Mehta — has bought its second land parcel in the West Valley.” And, as PBJ reports, the firm “is in escrow to buy a third parcel.” (Subscriber Content). http://bit.ly/2GmhVgj
[GUEST COLUMN] Arizona’s booming economy continues to receive national recognition.Area Development has recognized Arizona with a Golden Shovel award; it also named Nikola Motor Co.’s planned factory in Coolidge asProject of the Year! And Arizona Commerce Authority President & CEO, Sandra Watson, couldn’t be more “proud” about such economic success stories. Check out her shoutout to others in AJ News. http://bit.ly/2Y22pw3
Arizona sees summer jump in manufacturing, construction, finance jobs.Those sectors saw upticks, even as summer vacations and heat hit others, and President Donald Trump’s trade and border tussle continued. Reporter Mike Sunnucks digs into the new job numbers in RLGR. http://bit.ly/30HVwBW
Camelot Homes files plans for gated Scottsdale community. The 22-home development would be at Happy Valley and Alma School roads. Full “Case Info Sheet” details available via Mike Sunnucks’ RLGR report. http://bit.ly/2Lz1D86
Peoria, Yuma slated for big State Trust Land annexations. Mike Sunnucks reports that Peoria is looking at 1,120 acres of State Trust Land across 10 different parcels, while Yuma has its sights set on 1,282 acres near the Yuma Proving Grounds. Read on in RLGR. http://bit.ly/2XOgodI
WESTSIDE’S STORY –West Valley redefines itself as a catalyst for innovation, economic growth. “Long, long ago in a region many Phoenicians perceived as far, far away, the West Valley was considered… well, perhaps in need of some polish. But it didn’t take a rebellion to change this perception. It took revitalization, rebranding and relaying a more accurate, updated story.”AzBigMedia. http://bit.ly/32GV3lt
Sagewood underway with $100M Phase II apartments, dining and more.The Phase II project for the 316-residence near Tatum and Loop 101 “entails adding 220,000 square feet across 3.5 acres including 101 independent living apartment homes, new restaurants and community amenities.” Details in Scottsdale Independent. http://bit.ly/2GxnUiH
What qualifies as a ‘dream neighborhood’? What community amenities are MUSTS for homeowners to consider it a “dream neighborhood”? Parks? Places of worship? Bars? Grocery stores? Improvenet surveyed folks to find out, andREALTORMag has the results. http://bit.ly/30HUshg
What’s up with The Blocks of Roosevelt Row? “Despite the noise of new construction in Roosevelt Row, one developer has been strangely silent about a project that’s been years in the making,” reports New Times. http://bit.ly/2Y3n0jw
Swire Coca-Cola to double Glendale facility. “This expansion has been in talks since the company purchased the surrounding land in 2016.” But it was a partnership with Monster Energy earlier this year that rocketed those plans into “hyperspeed.”The Glendale Star. http://bit.ly/2LwY5Du
Taking liquid stock: Peoria officials reflect on diverse water portfolio. The “city now has a 5.5 year supply of long-term water storage credits that makes up a robust and resilient water supply system” — and the work of former Mayors John Keegan and Bob Barrett is a HUGE reason why. YourValley. http://bit.ly/2O5cwkh
[OPINION] Proposition 105 and 106 are bad for Phoenix. “Light rail has [a] proven track record of elevating lives by connecting our communities and creating new opportunities.” That’s why councilmembers Debra Stark and Laura Pastor would like to see voters deep-six Props.105 and 106, measures they call “nothing short of a coordinated attack on Phoenix’s future.” AZ Cap Times. http://bit.ly/2M1N5xm
Phoenix to deploy ‘giving meters’ to help homeless in downtown. The giving meters — transformed parking meters — are a joint effort between the city and Downtown Phoenix Partnership. Mike Sunnucks has more on feeding the meters to help the homeless in RLGR. http://bit.ly/2LvH1Oa
Interviews with Californians who moved to greener pastures (like Arizona). Californian’s have been flooding into other states, seeking to live in places that have more freedom and liberty, and where they can get a bigger bang for their buck. California Globe interviews a San Diego couple who explain their reasons for picking up and heading to Prescott, AZ. http://bit.ly/2Lvp0zm
Cameron’s $5M + deals of the day – http://bit.ly/32BwHtc
As a supplement to the Dealmaker, we thought you might enjoy these articles!
Parent companies of ‘The Arizona Republic’ and ‘Arizona Capitol Times’ to join. The move “would join the nation’s two largest newspaper groups,” Gannett and GateHouse Media, as both “grapple” with a “brutal environment for local newspapers.” A WSJ report on the merger, summarized for hassle-free reading, in RLGR. http://bit.ly/2Lwb5Jf
Dems vying to be Tucson’s next mayor clash on campaign promises, political records. “Former state senator Steve Farley and City Councilwoman Regina Romero traded barbs, while developer Randi Dorman went on the offensive less often.” And what about Indy candidate Ed Ackerley? Find out in this Daily Stardebate recap. http://bit.ly/2JGq951
Tucson Electric shut off customers 15,000 times in 2018, documents say.The good news is “the utility has not had any complaints, lawsuits or settlements involving the death of a customer whose power was disconnected.” Daily Star. http://bit.ly/2JG5M7X
Arizona has higher unemployment than U.S., but for good reasons. Just in case you didn’t get your fill of employment data from Mike Sunnucks in his previous report, here’s a chance to take another bite at the apple in a report on the same from Arizona Mirror. http://bit.ly/2XUhvZu
