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
Three homebuilders set to build in new north Scottsdale development. “[Shea, Taylor Morrison and David Weekley] are the first to sign contracts with Storyrock Development Corp. to build 177 homes within its 462-acre new master-planned community.” PBJ (Subscriber Content) http://bit.ly/2Mfb24W
DMB submits new hotel, office, parking plans for One Scottsdale development. At full build out the One Scottsdale development could total 1.8 million square feet of office and retail space, 400 hotels rooms and 1,100 residential units. Reporter Mike Sunnucks has the latest info on the project in RLGR. http://bit.ly/2KtO2NG
Glendale development combines single and multifamily. Empire Group plans for The Village at Olive Marketplace at 53rd Ave. and Olive bring together “elements of a traditional single-family community with multi-family-like lease terms and management.” AZBEX. http://bit.ly/2Z3xELK
Effect of SB 1350 redefines affluent neighborhoods. “It was a full house Wednesday, Aug. 7 at the Scottsdale Community Design Studio as local residents decried the influx of partygoers renting homes in what they say once were tranquil neighborhoods.” Scottsdale Independent. http://bit.ly/2H4bmiR
QuikTrip plans new Scottsdale location on Salt River border. The convenience store and gas station would take up 2 acres of a 6-acre site at McDowell and Pima. What about the remaining acres? Reporter Mike Sunnucks has info in RLGR. http://bit.ly/2yZwgep
Mobile-home residents of Roadrunner Lake Resort kicked out of park after lease expires. “Some of the mobile-home owners are suing, accusing park managers of lying about how many years Roadrunner Lake Resort would be open, as affordable mobile-home parks across the Valley close in favor of new development.” AZCentral. http://bit.ly/2YYNK5i
Planned Maricopa retail center with grocery gets preview. Last week, the Heritage Committee gave its thumbs up to plans for a 61,000 sq. ft. retail center at John Wayne Pkwy and Edison Rd. Today, it’s P&Z’s turn to take a look at the Thompson Thrift project. InMaricopa. http://bit.ly/33r6MEW
Long-term outlook for Maricopa: Growth. “The 10-year financial plan was presented [by City Manager Rick Horst] at the city council work session, discussing city expenditures, revenues, economic outlook, population and funding for the next 10 years.” The recap in Maricopa Monitor. http://bit.ly/2KsovEy
Arizona construction industry pays steep price as tariffs escalate. “[T]he state is enjoying one of the highest rates of construction industry growth in the country. But that doesn’t mean businesses are not feeling the impact, particularly small companies and builders in rural areas.” AzBigMedia. http://bit.ly/2YXzuK1
Claims by Phoenix light rail opposition group don’t tell the whole story.Does light rail really cost over $140 million per mile to build as opponents claim? Does it consume “40% of the Phoenix transportation budget”? AZCentral checks the facts. http://bit.ly/2MbtWdf
Rosemont Mine delays will cost jobs but regional economic impacts aren’t clear. “While a University of Arizona economist said the area’s economy will keep growing in the next couple of years regardless, industry officials say the long-term damages will be significant.” Daily Star. http://bit.ly/31uYAS8
Why so many suburbs look the same. The “same curving streets, same culs-de-sac” are “no accident.” WATCH via Vox. http://bit.ly/2yZyaM5
Arizona Diamondbacks fans seem content with Phoenix stadium. Las Vegas Review-Journal recalls euphoric Luis Gonzales swing, delivering Dbacks to baseball history, and wonders how Chase field can be “so broken down.” http://bit.ly/2TsvwrD
Cameron’s $5M + deals of the day –http://bit.ly/2KNCnIC
As a supplement to the Dealmaker, we thought you might enjoy these articles!
Group backing legal marijuana in Arizona releases ballot measure details. “The backers have spent months consulting on the initiative and made a concerted effort to address concerns from public safety officials, municipalities and other groups likely to oppose the measure.” AZCentral. http://bit.ly/2MfZgHu
They were promised big profits with casino development but a decade later, they’re still waiting. “The Talking Stick Resort and Casino project with its four-star hotel would drive profits, supporters said. But now, years after Talking Stick opened its doors, tribal members say the promise hasn’t been fulfilled.” AZCentral. http://bit.ly/2YTT2mR
Mohave County planning commissioner won’t be removed over racist Facebook posts. Here’s what Mohave County P&Z Commission member LaJuana Gillette posted on Facebook, as reported by AZMirror: “We must stop the minorities from coming here and trying to change us…” And that’s just a sampling. http://bit.ly/2OS7bND
