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
El Mirage Mayor Alexis Hermosillo hopes Microsoft puts her city on high-tech, economic development map. (Disclosure: Rose Law Group represents Microsoft.) New Microsoft data centers are coming to the WV — two to Goodyear, one to El Mirage — and EM Mayor Alexis Hermosillo has hopes it will be the first of many such projects to come. Mike Sunnucks was there for yesterday’s announcement and has this report in RLGR. http://bit.ly/2LPdoHy
Microsoft data centers in Goodyear, El Mirage to have renewable energy focus. A partnership between the tech giant and First Solar will enable all three data centers to power-up with 100 percent renewable energy. For more on this and other upbeat news about the data centers and their impacts, tap to Mike Sunnucks’ report in RLGR. http://bit.ly/335PFZk
Phoenix Suns spend millions to buy land for practice facility (Disclosure: Rose Law Group represents the Phoenix Suns.) The Suns have closed on land at 44th Street and Camelback where the team is planning to build its practice facility. Deal and development details in PBJ. (Subscriber Content). http://bit.ly/2OvsiF0
Gilbert to vote on residential development near Mormon Temple.Sunnucks switches gears to bring us this RLGR news on Somerset Development Group and LeSueur Investment’s proposal for 68 single-family homes at Pecos and Greenfield. http://bit.ly/335TsWy
Canadian developer proposes infill subdivision in Glendale. And here’s another report by Mike — the man is everywhere! — on plans by Genica Group Companies for nearly 50 homes at 67th Ave. and Bethany Home. -> http://bit.ly/2Yt5rhl
Taylor Morrison, Mesa homebuilder join forces to tap single-family rental hybrid market. “The Scottsdale homebuilder has inked an exclusive strategic partnership with Mesa-based Christopher Todd Communities to build the popular hybrid rental products.” PBJ (Subscriber Content). http://bit.ly/2YC6qvz
Eastmark among 50 best master-planned communities.Where to Retire Magazine is out with “The Short List: 50 Best Master-Planned Communities in the U.S. for 2019” and Eastmark’s Encore community is on it! AZ Business Magazine. http://bit.ly/2LRDXfl
Tempe developer adds more information meetings on tiny home community. Huge interest in small living has prompted Newtown Community Development Corporation to add a second meeting, which will be in a bigger venue in order to accommodate the unexpected number of people who’ve inquired about the Tempe tiho community. AZCentral. http://bit.ly/2K7DOCA
Potential migration from high-tax metros continued in Q2. “Phoenix retained the number-one spot on the list of metro areas with the highest net inflow of Redfin users.” Get the full inflow and outflow rundown inBuilder. http://bit.ly/335VaqW
EXIT, STATE RIGHT –California businesses are heading to Arizona. Seeking to escape the Left Coast’s “burdensome regulations and crippling costs,” businesses “both large and small” are streaming into Arizona. And Chief Executive Magazine has taken notice, ranking us in the “top ten best states for business.” (viaAzBigMedia). http://bit.ly/30ZrHNo
Cameron’s $5M + deals of the day –http://bit.ly/2YxQLgY
As a supplement to the Dealmaker, we thought you might enjoy these articles!
Rose Law Group litigator Logan Elia talks to 12 News about Tempe police rewarding law abiders. “Tempe police are rewarding bicyclists and pedestrians who are obeying the law in that city by giving them a coupon they can redeem for a free hot or cold drink.” Hear what Logan Elia has to say about it in this 12 Newsreport. http://bit.ly/2OMmZ4v
Ducey denies he ordered Nike incentives withdrawn. After calling into question Gov. Doug Ducey’s veracity regarding statements the governor made yesterday on the Nike situation, Cap Media Services Howard Fischer turns his attention to much more positive news: Microsoft’s announcement of its new West Valley data centers! AZ Cap Times. http://bit.ly/2MqQ5Dz
Court rules Arizona residents have right to internet privacy. “Arizonans have a constitutional right to online privacy to keep police from snooping around to find out who they are without first getting a warrant, the state Court of Appeals has ruled.” A Cap Media Services/Howard Fischer report in AZ Cap Times. http://bit.ly/2OxrPlX
Arizona AG files lawsuit in U.S. Supreme Court over opioid crisis. “Attorney General Mark Brnovich is asking the U.S. Supreme Court to stop the family that owns a major opioid manufacturer from ‘looting’ company assets.” Howard Fischer sorts it all out in his Daily Star report. http://bit.ly/2KemoTw
McSally discusses love for Arizona in first speech on Senate floor. “One week after Arizona’s U.S. senior senator [Kyrsten Sinema] gave her first speech on the Senate floor, Sen. Martha McSally followed with her own.” WATCH: http://bit.ly/2LPedAd
How the college-admissions scandal ensnared the richest families and fanciest private schools in Southern California. “Bogus applications. Forged ACT tests. Dubious extracurriculars polished to a sheen. How the parents involved in the college-admissions scandal became drawn into Rick Singer’s web, lusting after the crookedest education money could buy.” Vanity Fair. http://bit.ly/2ytCMtG
Fortnite brought ‘battle royale’ games to the masses. Has the genre peaked? “The ‘fight for survival’ type of games popularized by Fortnite has inspired imitators hoping to cash in. But there are signs of saturation in the market.” http://bit.ly/2yppz59
