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The Dealmaker: 9/10/2019

Posted by   /  September 10, 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

5 Paradise Valley homes sell for more than $2M.AZCentral scopes out the features and deep-pocketed buyers of a handful of metro-Phoenix’s most pricy homes. Bookending the rundown: Posh-home SLIDESHOWS with over 100 pics each. http://bit.ly/2mborzv 

City may beef up Museum Square parking spaces. Hundreds of additional spaces (half of them “free” and “open to the public 24/7”), “potentially removing a major source of criticism that has plagued” the hotel, residential and restaurant project. Scottsdale Progress. http://bit.ly/2lOlqVf

In seventh heaven at Desert Mountain.Arizona Foothills Magazine raves about the 90-acre Seven Desert Mountain — its “fresh course,” “killer clubhouse” and “new places” built by Cullum Homes, Family Development and Camelot Homes. http://bit.ly/2kFfaPs

New apartments planned for empty Chandler property. LGE is planning the multifamily complex at Nevada St and Commonwealth Ave. Chandler City Council was briefed on the proposal yesterday. Reporter Mike Sunnucks briefs us today. RLGR. http://bit.ly/2kDnjEc

Tempe looks to move forward with Artspace Projects on workforce housing. Council will consider allowing city managers to forge a deal with the Minneapolis-based developer for new housing near Apache Blvd and Dorsey Ln. RLGR. http://bit.ly/2lGyf4f

The 7 most popular home styles across the U.S. Redfin analyzed 100 metros to find the seven most popular home designs in the country. An affordable architectural style ubiquitous around Phoenix notches the No.1 spot for the “most popular style of home sold last year.” http://bit.ly/2m9toZt

Banner Health selects developer to build $63M health center in West Valley. NexCore will build Banner’s “three-story, 130,000-square-foot health center” to be located “within the Aspera mixed-use development in Glendale,” PBJreports. (Subscriber Content). http://bit.ly/2m9twrV

Mesa aerospace company opens $9 million building expansion. PMGA area’s “largest employer,” Able Aerospace, now has more workspace at its Mesa HQ. The 60,000 sq. ft. expansion will “support new technology, new business lines” and “up to 100 new employees.” PBJ (Subscriber Content). http://bit.ly/2lOmoRn

City of Phoenix to pilot new water conservation technology at ASU West campus. The program involves injecting “polymers” beneath ASU soccer fields to see if it will “reduce the amount of water that is necessary to keep the turf healthy.” It worked in California! Chamber Business News. http://bit.ly/2k8gk5S

Retiring boomers flocking to these 10 cities. The Arizona city topping this Realtor.com® rundown boasts “a surplus of 65-plus retirement communities as well as a vibrant downtown, extensive bike paths, gorgeous hiking.” -> http://bit.ly/2kDoH9S

[GUEST COLUMN] Scottsdale infrastructure investments important for first responders, seniors, families and kids. Police Officers of Scottsdale Association President, Damien Mendoza, explains why the organization “strongly supports Questions 1, 2 and 3 on the November ballot.” RLGR. http://bit.ly/2lP7R83

Pollack: The biggest concern. Recession indicators flirt with negative territory. Employment numbers fall short of expectations. But what troubles The Monday Morning Quarterback most is what’s happening in the manufacturing sector. Catch the reason why via these data snapshots: U.S. • Hourly Earnings • ISM’s Manufacturing Index • Imports • Construction Spending • AZ • Housing: Listings, Resales & Prices – Phoenix. http://bit.ly/2lJJVmN

Top 15 reasons to attend the 2019 Polo Party in November –http://bit.ly/2jV8RHc

RLG HIRING: Rose Law Group is seeking a receptionist for our front desk to provide administrative and clerical support for our office. Contact us:  http://bit.ly/2UgnCCk

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

[PODCAST] Raising Cannabis Capital: Integrated CBD. MJBulls Media talks with Patrick Horsman, CEO of Integrated CBD, about the Arizona company’s “team of financial and agricultural entrepreneurs” that has created “one of the industry’s largest CBD producing organizations.” http://bit.ly/2kdz2cs

Arizona marijuana ballot measure will move forward with no major changes.AZCentral reports, however, that there will be “several ‘minor’ changes” to the measure that seeks to legalize marijuana. Tweaks come “following a legal review of the proposal by staff members of the state Legislature.” http://bit.ly/2kar1VA

Arizona mayors lobby for gun control during Washington visit. Mayors Gallego (Phoenix), Giles (Mesa), Mitchell (Tempe) and Rothschild (Tucson) “joined close to 300 others from around the country in a letter urging Senate leaders to come back early from recess and deal with the issue.” CN. http://bit.ly/2maDLw8

Arizona Supreme Court rules online travel brokers must pay city sales taxes. Such companies are “effectively… engaged in the business of operating a hotel” the court concluded, and therefore must pay up. That did not sit well with Justice Ann Scott Timmer, who suggested the ruling “was stretching the concept of what it means to operate a hotel.” Daily Star. http://bit.ly/2m4Jfbz

122 degrees for days: the looming Phoenix heat wave that could harm thousands. “One day in the future, a massive wave of high-pressure air will park over Phoenix,” resulting in what Vox calls the “Katrina of extreme heat” that could cause the entire Valley of the Sun to spontaneously combust, bringing a hellish end to all life and property. (Kidding on that last thing.). http://bit.ly/2k8hIFC

A critical bill could put the NCAA to the ultimate test: paying players. California state Sen. Nancy Skinner “stands to be the person most responsible for blotting out the NCAA’s longstanding, restrictive amateurism model.” CBS Sports. http://bit.ly/2kfnHss

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