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
First live/work community SOHO Scottsdale launches Phase 2. With Phase 1 fifty-percent sold out, Catclar Investments has launched “its Phase 2 pre-sales of 10 contemporary townhomes within the community.” Scottsdale Independent. http://bit.ly/2YPQUs7
Chandler approves farmland rezoning for residential development. The New Home Company is looking to build on 24.2 acres of Dobson Family Farm parcels at Queen Creek and Alma School. Reporter Mike Sunnucks has more details in RLGR. http://bit.ly/2ZDBJUd
Affordable housing ranked Chandler’s top problem. “As property values have risen in Chandler over the last couple of decades, more residents are falling below the poverty line and having a harder time finding affordable housing.” EVT. http://bit.ly/2TbIpXf
New shopping center coming to Gilbert. It’s called Gilbert Warner. Why that name? Our crack Dealmaker researchers tell us they’re “pretty sure” it has something to do with the retail center’s Gilbert and Warner road location. Get a project rundown, with aerial rendering, in AZ Family. http://bit.ly/2OFl0hZ
Park University expands presence in Gilbert’s Heritage District. After recent approval action by Gilbert Town Council, Park University will not only see an increase in its footprint, but also the term of its lease — in large measure due to enrollment at the university exceeding expectations. AZ Business Magazine. http://bit.ly/2Yx3m4O
Queen Creek crafts deal for water rights. The deal involves the growing East Valley suburb obtaining water rights held by Greenstone for farms in the Cibola Valley area. More on the deal in this RLGR report by Mike Sunnucks. http://bit.ly/31naI7R
Growing off-road truck company wants to expand in Mesa. Mike Sunnucks reports in RLGR that Addictive Desert Designs, which customizes off-road trucks, wants to build a new 20,000 square foot warehouse on Extension Road north of Broadway Road. Read on… http://bit.ly/2YwaH4p
Tucson Amazon Fulfillment Center — weighing the cost & benefits. Commercial real estate appraiser Ajay Madhvani (AM Valuation Services) examines what impact Amazon’s fulfillment center in the Port of Tucson will have on the local economy, specifically its effect on retailers and businesses. http://bit.ly/33tiQ8O
Here’s why Canada means big business for Arizona. “According to Glenn Williamson, founder and CEO of the Canada Arizona Business Council, Canada’s roots are starting to take hold and run deep here in Arizona.” (via AzBigMedia). http://bit.ly/33jMBsw
Lufthansa’s Eurowings to launch Frankfurt to Phoenix flights. The announcement buoys Sky Harbor’s efforts to bring international flights to Phoenix. RLGR has more on the new nonstop flights and their impact for the region. http://bit.ly/2YQeQzB
This Arizona business wants to bring credibility to the medical cannabis industry. “(For) most patients, it’s not the card. It’s the medicine behind the card to help them get better. How can they get better if there’s no physician to give them input?” Enter Dr. Elaine Burns, owner of the Southwest Medical Marijuana Evaluation Center. AZCentral. http://bit.ly/33bldga
As a supplement to the Dealmaker, we thought you might enjoy these articles!
There have been 5 ‘mass shootings’ in Arizona so far in 2019, researchers say. That grim finding “according to data compiled by researchers at the non-profit Gun Violence Archive.” AZ Mirror. http://bit.ly/2OKsgt1
Arizona House minority calls for special session on gun control. “Minority Leader Charlene Fernandez… is pulling out all of the proposals that the Republican-controlled Legislature refused to debate… in the past five years.” A Cap Media Services/Howard Fischer report. (Also in AZ Cap Times: “Lawmakers: Ducey silent on pushing gun control measure.”) http://bit.ly/2ZGnXjp
Arizona group proposes tax increases to raise $1.5 billion for education.Get ready to pay a lot more in property and other taxes if the nonprofit education organization Helios Foundation gets its way. (You’ll also have to reach for your wallet if you want to read this piece from AZCentral — it’s paywalled.) http://bit.ly/2yIs5nj
