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The Dealmaker: 8/8/2019

Posted by   /  August 8, 2019  /  No Comments

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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

BREAKING… Pinal County Supervisor Anthony Smith announces he will not run for re-election. Saying the time has come to “head in a different direction,” Pinal County Supervisor Anthony Smith has announced that he will not run for re-election representing District #4. Rose Law Group thanks Supervisor Smith for over a decade of service and wishes him all the best in future endeavors. You can read Supervisor Smith’s statement in RLGRhttp://bit.ly/2KA8fA9

Sacramento developer to build $75M apartments in downtown Phoenix; Dan Gauthier, Rose Law Group transactional attorney handling many Opportunity Zone investments, talks O-Zone projects with PBJ. With an injection of O-Zone funds, JMA Ventures “is on track to break ground next week for a $75 million apartment community in the warehouse district.” Dan Gauthier says the project is one “blast of about a dozen [O-Zone] projects in the area.” (Subscriber Content). http://bit.ly/2KzGojI 

Nikola Motor Company gets $1.7 million grant from U.S. Department of Energy. The DOE award will be used to advance Nikola’s research into fuel cells as the company keeps on clean truckin’ towards its manufacturing plant in Coolidge and a zero-emission future. Read more in RLGRhttp://bit.ly/2Kolcy7

Ritz-Carlton in Paradise Valley sets opening date.PBJ has a rundown and 13-image SLIDESHOW of what visitors can expect to experience when the 20-acre, 215-room resort opens in… http://bit.ly/2ZK6ZRc

Feds reissue permit for 28,000-home development near San Pedro River. “[The Army Corps of Engineers] issued a modified permit to the developer, El Dorado Benson LLC… after the Corps’ Los Angeles district office issued a finding of ‘no significant impact’ for a Clean Water Act permit.” AZCentral. http://bit.ly/2YNPvlS

Homebuilding permits in Maricopa at pre-recession rates. “Combined, 10 homebuilders received 150 [SFR] permits in July, the highest monthly total since October 2007,” reports InMaricopa. Tap on for a builder-by-builder breakdown of the “astonishing” permit numbers. http://bit.ly/2Kmf6OP

Average price of Flagstaff houses hits new high. “[It] wasn’t just the first half of the year as a whole in which prices saw new highs — several months set new marks for average prices as well.” Get the Flag figures and a housing-market forecast for the summer, or what’s left of it, in Daily Sunhttp://bit.ly/31n6TiQ 

Ahwatukee Golf Club on the block. “With a possible deal to sell Club West Golf Course in the making, owner Wilson Gee has put the Ahwatukee Golf Club on the market.” Gee talks about both potential deals in AFNhttp://bit.ly/2KzSwB9

Scottsdale developer closes on health facility for opportunity zone project. Caliber-The Wealth Development Co.has acquired “an old building across the street from Banner University Medical Center-Phoenix with plans to develop a behavioral health clinic using ‘opportunity zone’ funding.” PBJ (Subscriber Content). http://bit.ly/2KmODR0

Developer checks out of Wickenburg deal. Provident Real Estate Ventures has backed out of plans “for a three-story hotel, upscale restaurant and retail shops” in downtown Wickenburg. It “also withdrew from its pending purchase of Heritage Square.” The Sun has the story. http://bit.ly/2YLIeXR

Sleep suites could come to Phoenix Sky Harbor Airport. Sleep suites are small units where guest can relax and lay down in privacy. Mike Sunnucks has details — and pics! — in RLGRhttp://bit.ly/2OLpFiE

ISM Raceway president named a ‘Game Changer.’ “ISM Raceway’s president, Julie Giese, has been selected by Sports Business Journal for recognition this fall in their ninth annual ‘Game Changers: Women in Sports Business.’ ” AzBigMedia. http://bit.ly/31wY7PD

Tattoo parlor could land new space in Gilbert’s restaurant heavy Heritage District. Fifth Estate Tattoo is seeking the stamp of approval from Gilbert Planning Commission to ink a deal for space previously occupied by Grubstak and Even Stevens. Mike Sunnucks files the report in RLGRhttp://bit.ly/2Ma6jS0

Ditching the ruthless: Jonathan Keyser spreads the message. Jonathan Keyser, founder of Keyser commercial real estate firm, wants other entrepreneurs, business executives and professionals to know they don’t have to be ruthless and cutthroat to get ahead. He wants that message out so badly that he’s written book about it. Reporter Mike Sunnucks talks with Keyser about his new book in RLGRhttp://bit.ly/2YTootC

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My hands on a gun. It was 38 years ago that Phil Riske took action to prevent what he thought could be a fatal shooting. The Senior Reporter/Writer shares the story in RLGRhttp://bit.ly/2YTrI3X

Rep. Schweikert: There’s ‘something wrong’ with our young males. U.S. Rep. David Schweikert talked with KTAR News yesterday about the two mass shootings that occurred this past weekend. http://bit.ly/2MN8gUc

9th Circuit to hear appeal on McSally’s appointment. The appellate judges “have agreed to decide whether Martha McSally [appointed by Gov. Ducey] can continue to serve as a U.S. senator at least through the 2020 election.” A Cap Media Services/Howard Fischer report in AZ Cap Times. (RELATED: GOP businessman teases challenge to Sen. Martha McSally in 2020: ‘I’m not intimidated.’ AZCentral). http://bit.ly/2ZDPu5b

Arizona gives little campaign cash, especially to Democrats. “Democratic presidential hopefuls’ fundraising in Arizona largely mirrors their nationwide success so far, though there hasn’t been much money to be found in the Grand Canyon State.” To see the tiny war-chest totals raised by each candidate thus far, take a look in AZ Mirror. http://bit.ly/2KCUuk2

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