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
Scottsdale developer plans 1,000 homes in area dealing with water, utility issues. Varde Partners and AREAD Management have purchased a site within the Johnson Utilities service area with plans for a residential development called Skyline Estates. PBJ talks with RLG Senior Partner Court Rich, who is upbeat about a moratorium on new water and sewage connections being lifted sooner rather than later. (Subscriber Content). http://bit.ly/2Zh92iF
Why stowaway creatures on the Moon confound international space law. “Who gets to decide what gets blasted into space?” The Verge • In RLGR, Jordan Rose, Rose Law Group Founder and President comments on the enforcement of laws governing the seemingly “wild, wild west” of outer space. http://bit.ly/2ZhMBGe
What is still keeping millennials on the home buying sidelines. Debt load and lack of savings, plus mortgage and homeownership ignorance are main culprits, according to new research. Reporter Mike Sunnucks looks at the findings in RLGR. http://bit.ly/2ZbsnxS
Nearly one-fifth of Phoenix sales close above list price. “According to The Cromford Report, the greater Phoenix residential real estate market now ’favors sellers to the greatest extent since 2005.’ ” For figures and factors tap to The Arizona Report™. http://bit.ly/2MrdQMv
Speculative Class A office space coming to Goodyear. City Council approved a development deal with the Globe Corporation last night. The development, situated at 150th Dr and McDowell Rd, will be part of the planned Goodyear Civic Square at Estrella Falls development. Mike Sunnucks has more on the project in RLGR. http://bit.ly/30iXKb2
Newest downtown Tucson hotel project to break ground. Ground breaks today for Hampton Inn and Home2 Suites, on South Stone between Ochoa and Corral. Daily Star previews, with a look at some of the other hotel activity in downtown Tucson. http://bit.ly/2Z31l0g
PAYSON PLACE -Payson group launches recall against mayor and three council members. In what’s turning into a mini soap opera up north, a group has filed paperwork seeking the recall of Mayor Tom Morrissey, Vice Mayor Janell Sterner and council members Jim Ferris and Suzy Tubbs-Avakian.” The Roundupreports that the “firing of Town Manager LaRon Garrett figured in all the complaints.” http://bit.ly/33ONIk0
STAY CLASSY, ADU BUILDERS -San Diego creates granny flat handbook. San Diegans wanting to add an ADU can now consult a 42-page guide to help them. “The handbook covers zoning rules, parking requirements, the city’s approval process” and “also gets into permits, setbacks, and taxes.” Builder. http://bit.ly/33OR9am
The parking garages of the future. Governing looks at some “old parking behemoths” across the country that have fallen into disrepair — and how they’re being repurposed as apartments, offices and retail. http://bit.ly/2zcpGS0
Cameron’s $5M + deals of the day –http://bit.ly/2ZgJ2zS
As a supplement to the Dealmaker, we thought you might enjoy these articles!
Was Phoenix man legally justified in shooting, killing airman during break-in? Rose Law Group attorney Tom Galvin explains Arizona law to 3TV/CBS 5. “Police say the airman… broke into an apartment. The 27-year-old man who lives there said he woke up after the intruder kicked the glass door. He told police he shot the man who was trying to get inside.” Was the shooter justified? See what Tom Galvin says. http://bit.ly/2Z7pmDB
As Phoenix heats up, the night comes alive. “Neighborhoods thrum with activity at dawn and dusk when residents hike, jog and paddleboard.” Yeah, we know. We live here. Thanks for the news flash, NY Times. Actually, in what is really an article about climate-change, there ARE some pretty cool pics — even if the starry sky in the Piestewa hiking shot does look rather suspect, i.e., Photoshopped? http://bit.ly/2KV5auz
Conservationists fear BLM changes will harm Arizona public lands. Not surprisingly, conservationists and environmentalists are freaking out over “anti-public land litigator” William Perry Pendley heading the Bureau of Land Management. Pendley, who is currently BLM’s acting director, wrote a National Review article back in 2016 titled “The Federal Government Should Follow the Constitution and Sell Its Western Lands.” AZ Mirror. http://bit.ly/2zcqzdq
Former lawmaker McGuire challenging O’Halleran in Democrat primary. “Barbara McGuire, who served the Arizona House of Representatives from 2007-10 and in the state Senate from 2013-16, filed paperwork on Aug. 15 to run against [Tom] O’Halleran for the Democratic nomination in the 1st Congressional District.” AZ Mirror. http://bit.ly/2KVfQJH
Group of AGs has been discussing how to address antitrust-related concerns with Google, Facebook, Apple and Amazon. The effort involving state attorneys general (Arizona’s included) is likely to focus on whether a handful of dominant technology platforms use their marketplace powers to stifle competition. RLGR. http://bit.ly/2KYLh5P
2019’s Best & Worst States for Women’s Equality. “[WalletHub’s] data set ranges from the gap between female and male executives to the disparity in unemployment rates for women and men.” Not much has changed for Arizona from 2018’s findings. http://bit.ly/2P8CR16
