The Dealmaker: 8/23/2019

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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

Opportunity Zone legislation update. Dan Gauthier, Rose Law Group transactional attorney handling many Opportunity Zone investments, has big news regarding a plan by Sens Booker (D-NJ) and Scott (R-SC) to introduce new O-Zone legislation.

Belfiore: What is driving new home sales and where. Real estate consultant Jim Belfiore clues us in on the strength of the regional housing market, pointing to new home sales in the West Valley and low mortgage interest rates raising overall interest from buyers. A Mike Sunnucks’ report in RLGR.

Five Star Development to bring to market one-of-a-kind Arizona luxury experience. “Over the span of roughly 5,475 days, the highs and lows of local politics and one Great Recession, Scottsdale resident Jerry Ayoub maintained one singular focus: Build the Ritz-Carlton [as well as The Palmeraie, the resort’s ritzy mixed-use component].” SI.

Pinal manager’s contract OK’d. “By a vote of 4-1, the Pinal County Board of Supervisors approved a contract with Louis M. Andersen to be the next county manager.” Contract details in PinalCentral.

Casa Grande council wants to raise building height limits to welcome industry. “City Planner Joe Horn said the change is needed to facilitate businesses that show an interest in building manufacturing facilities in the city but that are unable to because of the city’s current height restrictions.” CGD.  

This Arizona housing market Is 20% Airbnb rentals. Sedona’s short-term rental situation is garnering national attention, as REALTORMag picks up the news.

Ducey says Arizona lawmakers will revisit laws on short-term rentals after outcry in Sedona. “Gov. Doug Ducey on Thursday said lawmakers will revisit restrictions on short-term rentals during the upcoming legislative session, an apparent change in his position.” AZCentral.

Barrio Queen to hire 400 new employees; opening in QC, Tempe.COMING SOON! Barrio Queen’s fourth and fifth locations, custom-designed by architect Mark Candelaria. Get details and check out renderings in QCI

Michael Crow: ASU’s opportunity to address Arizona’s economic, educational fragility.  Arizona State University President Michael Crow spoke on the economic-education nexus this morning before the Valley Partnership. Mike Sunnucks was there and has coverage in RLGR

Peoria celebrates the life of long-time councilman. “Many people who grew up with former Councilman Carlo ‘Rocky’ Leone, as both a colleague and a mentor, reflected on his life and career at a memorial service August 17.” Peoria Times.

How California environmental law makes it easy for labor unions to shake down developers. Greenmailing, or filing “frivolous environmental complaints against a project as a means of extracting concessions from its developer,” has increased “construction costs and wait times, making the state’s already expensive housing even less affordable.” Reason.

Cameron’s $5M + deals of the day –

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

Damn if they didn’t do it again. When Phil Riske’s favorite grocery store rearranged aisles making it difficult for him to find his usual items, the Senior Reporter/Writer vented his frustration in a “cranky column.” Let’s call this latest account from Phil “Cranky Column 2.0.” Enjoy!

Barrow concussion survey: Fewer parents let kids play contact sports.Once confined mostly to football, concussion fears have spread to other contact sports, according to a survey by Barrow Neurological Institute. (NOTE: Rose Law Group Founder and President Jordan Rose is a member of the Barrow Neurological Foundation Board of Trustees.).

Poll: In Arizona, Trump, Biden, Warren in virtual tie. Results from an OH Predictive Insights poll of 600 likely voters show the two Dems have “closed the gap in a hypothetical head-to-head 2020 general election match-up with the Republican incumbent.” KTAR.

Flake, 4 others seen as potential primary opponents to president. Jeff Flake. John Kasich. Bill Weld. Joe Walsh. Mark Sanford. Who’s all in? Who’s close to launching? Who’s being recruited? Find out in Salon

Judge asked to bar press from ethics hearing for Arias prosecutor accused of sexual misconduct [VIDEO]. When it comes to the “alleged sexual transgressions,” of the “tenacious terrier of the Maricopa County Attorney’s Office,” Juan Martinez “would like to keep his privacy.” AZ Mirror.

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