The Dealmaker: 8/30/2019

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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

Scottsdale Planning Commission approves Southbridge! (Disclosure: Rose Law Group represents Spring Creek Development) Years of working with the community to elevate his father Fred’s vision is coming to fruition for Carter Unger, as Scottsdale Planning Commission last night unanimously approved Spring Creek Partners’ proposed downtown redevelopment project known as Southbridge 2.0. RLGR.

Belfiore: Key indicators and trajectories for the housing market the rest of the year. As we close out the last four months of 2019, real estate consultant Jim Belfiore is upbeat about what lies ahead for housing markets in Maricopa and Pinal counties. A report by Mike Sunnucks in RLGR

Home prices near Opportunity Zones well below national average. Shocker? Not at all, since O-Zones are “designed to be in or alongside economically distressed neighborhoods,” says an ATTOM exec, who further notes: “The numbers provide key benchmarks for how much room there is for these areas to grow and how much new investment they need.” WPJ.

Rio Nuevo advances Julian Drew Lofts project. Developed by Ross Rulney, the five-story, $9 million mixed-use would be situated at E Broadway and S Arizona Ave. For details on Julian Drew Lofts plus info on other Tucson projects, tap to RED News

Why “ban” on single-family zoning could be a good thing. Oregon has mandated “multifamily units be allowed on land previously reserved just for single-family.”NAHBNow looks at how this so-called single-family ban “should give builders and developers more flexibility and opportunities to build an expanded range of housing types.”

Report: Phoenix stands out as hot spot for growth opportunities. A new CBRE report pegs the Valley as one of fourteen top strategic markets “for investors in industrial and logistics real estate.” AZRE.

Premier bringing Mitsubishi dealership to CG. Premier Mitsubishi, the “first import franchise in Casa Grande in many years,” is set to open soon “at Premier Auto Center’s Pinal Avenue location.” PinalCentral.

Mesa, QC partner on crucial road projects. “Faced with the prospect of further explosive growth in the Southeast Valley, Mesa and Queen Creek are hustling to build two major roadways that will connect with a future extension of the State Route 24 freeway.” EVT.

Dealmaker BONUS:Houzz, Hasbro team up to crowdsource renovation of ‘Clue’ mansion. If you think the mansion in Clue is overdue for an upgrade, then Houzz and Hasbro want your input — “on which room should get the makeover to replace the original Great Hall of Mr. Boddy, the unfortunate victim in the who-did-it murder-mystery board game.” REALTORMag.

RLG HIRING: Rose Law Group is seeking a receptionist for our front desk, providing administrative and clerical support for our office.

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

Solar competition fight heats up at ACC; Utilities stalling renewable energy projects. Three long days of ACC hearings have raised concerns that APS and TEP utilities are not moving forward with new rural solar and renewable energy projects because these projects displace future utility earning opportunities. RLGR.

REALITY CHECK – Rose Law Group family lawyer Audra Petrolle comments on report: ‘Real Housewives of Orange County’ star Gina Kirschenheiter’s estranged husband unable to pay support. Estranged hubby Matt says he lost a “$421,000-a-year job” and is unable to cough up support payments of 10 grand a month, reports Newsday. Meanwhile, in RLGR, Audra Petrolle shines an Arizona family law spotlight on this California spousal-support scenario. ->

Arizona joins other states calling on Supreme Court to overturn DACA.“The states calling for an end to the program said it has strained their finances as they have had to provide services such as health care, education and law enforcement for recipients — the so-called ‘Dreamers.’ ” CN.

Ducey finishing interviews for Supreme Court vacancy. Gov. Ducey said he’d wind things up “on Thursday, and that he’ll appoint a new justice ‘sometime soon thereafter,’ ” per AZ Mirror. But Thursday was yesterday, so the selection may have already been made! Was it Bill Montgomery, the “polarizing county attorney” (as AZ Mirror calls him)? Or did Ducey pick one of the other six candidates? Please let us know if you hear anything.

Like presidential hopefuls, Arizona Dems split on ‘Medicare for All.’ “In Arizona, members of the U.S. congressional delegation all seem to share the view that the country’s health care system needs serious reform. But they differ drastically over what that reform should look like.” AZ Mirror.

Regulators want answers on APS summer disconnections. “CEO Don Brandt will be on the hot seat September 4 when utility regulators are expected to probe further into the company’s disconnection practices and the death of a Sun City West woman whose power was cut off.” AZ Cap Times.

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