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The Dealmaker: 7/23/2019

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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

WATCHING ‘SCOTTY’ GROW – Scottsdale height limit reflects shifting city development goals. From building heights of 60 feet fifteen years ago, to now allowing “heights up to 150 feet” — on land “currently slated to become Museum Square.” Scottsdale Progress. http://bit.ly/2GpAZdG

Legacy value arguments shape Town of Paradise Valley development. Mayor Jerry Bien-Willner, Vice Mayor Scott Moore and Councilmembers Mark Stanton and Paul Dembow “weigh the cost and benefit of commercial opportunities against perceived attacks on the character of the community.” PVI. http://bit.ly/2M8NuOC

New adult-living community planned as CG infill. Casa Grande P&Z gives the nod to Spanish Trails West, a “42-acre, 205-unit active adult manufactured home community” near Casa Grande Ave. and O’Neil Dr. City staff calls the WLB Group project “an excellent example of an infill housing opportunity” for the area. More about it in CGDhttp://bit.ly/2SwsvX7

Metro Phoenix cities see average rent spike. Apartment rents overall have increased 2.6% since the beginning of the year, according to RENTCafé’s latest report. AZRE goes city-by-city for the upticks. http://bit.ly/2Yoq2Dk

Which states dominate vacation-home rankings? “IPX 1031 analyzed data from more than 29,000 census-designated locales… to identify the states with the highest percentages of vacation properties.” See how Arizona stacks up inREALTORMag. http://bit.ly/2OfPYgL

Phoenix saw surge in real estate investments in tenant-occupied space.Investments in tenant-occupied offices, retail, industrial and warehouse have doubled in Metro Phoenix. Reporter Mike Sunnucks delivers the numbers from CBRE’s latest research, in RLGRhttp://bit.ly/2Za4l74

Chandler school board OKs $25M land deal. With the expectation that thousands of students will flood into the district “over the next decade,” CUSD is planning ahead, approving the purchase of “73.5 acres near Gilbert and Brooks Farm” to build “two new schools.” EVT. http://bit.ly/2LBIqTj 

Why didn’t Arizona use Frank Lloyd Wright’s plans for its new capitol? Valley 101 explores [PODCAST]. “The famed architect offered an unsolicited design for the building in 1957, launching a public debate on which plan the government should pursue. And things got heated.”AZCentral. http://bit.ly/2YnUOMK

How popular is Gov. Doug Ducey with voters? Morning Consult collected the approval rating data over the course of the first quarter. And reporter Mike Sunnucks has the findings in RLGR. http://bit.ly/2y2eFCm

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

AG urges Legislature to legalize marijuana rather than risk voters deciding. Attorney General Mark Brnovich spoke about the matter yesterday to Capitol Media Services’ Howard Fischer, who reports also that Gov. Doug Ducey “is open to the possibility of signing such a law as an alternative to an initiative.” Daily Star. http://bit.ly/32J7U6F

Peoria City Council supports Denette Dunn for election. Everyone on the city council is backing Councilwoman Dunn in an upcoming special election. Dunn, who was appointed to the Pine District seat, is running against Randal “RJ” Rains to see who will carry out the rest of four-year term held by late Councilman Carlo Leone. Peoria Times. http://bit.ly/32Lklie

Tucson, Phoenix low on the list of most educated cities, survey finds.Wow, what a depressing finding from WalletHub. It’s a good thing most of us here at Dealmaker HQ recieved are qwality edjucations elswhare! http://bit.ly/2JM8KIa

Phoenix Humanists claiming tax break to challenge tax code exemption for churches. “The tax code provision in question allows churches to give their pastors housing allowances or use of a church-owned home tax-free.” But does the Humansts’ tax-break claim even have a prayer? AZ Mirror. http://bit.ly/2SvknWA

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