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
Pinal RTA appeals tax collection defeat. (Disclosure: Rose Law Group represents a coalition of property and business owners throughout Pinal County working to bring new transportation infrastructure to the county.) “Wednesday, lawyers from the PRTA, the Goldwater Institute and the Department of Revenue squared off before the Arizona Court of Appeals Division 1 in Phoenix.” Read about it, WATCH the proceedings here: http://bit.ly/2kpxAnh
Business Journal Leadership Trust members share advice on what keeps them grounded. Rose Law Group Founder and President Jordan Rose and seven other Valley influencers share nuggets of wisdom that have guided them on their leadership journeys.
http://bit.ly/2kVavcl
Belfiore: Rising costs impact Valley homebuilders’ ability to deliver affordable housing. “We really do have a perfect storm,” says real estate consultant Jim Belfiore in this PBJ report, which looks at how ever-increasing demand and skyrocketing costs are making affordable housing more and more unaffordable. (Subscriber Content). http://bit.ly/2lZBEeB
RIGHT ON CUE… Valley Partnership event to focus on increased housing demand and costs. And Jim Belfiore will moderate tomorrow’s event, which will focus on growing submarkets, costs and rising homebuyer demands. http://bit.ly/2lVeyWl
State House creates panel to address groundwater supply in Pinal County. The new House Ad Hoc Committee on Groundwater Supply will study water issues and make recommendations in order to — as committee chair Rep. David Cook notes — “ensure Pinal County has the same economic development opportunities that exist elsewhere in the state.” PinalCentral. http://bit.ly/2kT3kS4
No immediate water shortages projected for Pinal farmers. “Rain and snowfall levels, along with conservation efforts… have banked enough water that the U.S. Bureau of Reclamation may not have to reduce the amount of water it releases to Arizona for the rest of the year.” Pinal Central. http://bit.ly/2lWrECS
Talking Stick Resort Arena renovation plan on track. (Disclosure: Rose Law Group represents the Phoenix Suns.)“Suns owner Robert Sarver confirmed this week that the team is about [______] through the design and development stages of the arena.” Fill in that blank at PBJ (Subscriber Content). http://bit.ly/2kveMmQ
Critics question height proposed for Sam Fox hotel development. 44|Camelback is proposed for the NW corner of that very intersection. It would include hotel, office building, retail and restaurant. But residents attending Tuesday’s public meeting regarding the project were like, “Wait, how tall is it going to be?” PBJ (Subscriber Content). http://bit.ly/2kVOWZl
David Weekley Homes now selling in Verrado Highlands. • 70 homesites • 7 floor plans • 2,100 to 3,000 sq. ft. • From mid $300s • More on David Weekley’s new Buckeye community • In AzBigMedia. http://bit.ly/2lWrPy2
Builders bring more plans for new homes, townhouses to Surprise. An arm of Belmont Investments looks to bring homes to Peoria and Reems. Toll Brothers wants to revise plans at Prasada. Virtua Intl. Holdings seeks the go-ahead for an Elm/Dysart Rd project. Today, P&Z is set to take action on all three, and Mike Sunnucks reports on it for RLGR. http://bit.ly/2kqdNnL
Surprise’s new downtown gets its first residents. The 200-unit Mera City Center apartment complex on Greenway near Bullard “is just one of many multifamily projects in the works” in an area that “Surprise has been hoping for years will become a bustling downtown district.”AZCentral. http://bit.ly/2mkzQNb
Gilbert to vote on plans for 289 new homes. Town Council is expected to take action today on the Blandford Homes development. Get a bit more info on the project (in 10 seconds or less), via this breezy report from Mike Sunnucks in RLGR.://bit.ly/2kpyLTJ
Wisconsin developer looks for Gilbert approval for new apartments. Yet another project up for Gilbert Town Council consideration today… Plans from Continental Properties for its proposed Springs at Cooley Station apartments. Sunnucks with the info in RLGR. http://bit.ly/2mpbthx
The Best Places to Live in America. 1,796 places analyzed. 160,000 different data points considered. Two ARIZONA cities making the cut in MONEY’s “100 Best Places to Live.” http://bit.ly/2m44qdL
Mortenson celebrates ‘topping out’ ceremony in Novus Innovation Corridor. AZRE reports on construction progress of the Hyatt Place/Hyatt House, as the dual-branded hotel’s “last major structural component” gets “set in place.” Live-stream, time-lapse video also available — pretty cool! http://bit.ly/2m4X3mn
Litchfield Park considers what business types to allow in proposed City Center. And that has one LP resident wondering, “Will it feel like downtown Scottsdale? Will it feel like downtown Tempe? Of course it will be our own flavor, but there’s been a lot of attention paid to making sure that it doesn’t feel too big or too ominous.”YourValley takes a look. http://bit.ly/2mpogR8
Holualoa Companies purchases vacant office building in Tucson, plans $4 million+ revitalization. Holualoa Companies plans to transform the 58,000-sq.-ft building at the Broadbent Interstate Center “to make it more desirable for businesses and better-suited for multitenant use.” RED News. http://bit.ly/2kqoSoZ
West Valley suburb to create dementia friendly community. “In hopes of better addressing the masses who will be impacted by dementia and Alzheimer’s, Surprise has worked to create Arizona’s second dementia friendly city.” KTAR. http://bit.ly/2ko99Xm
Entertain at an event like no other: The Ninth Annual Bentley Scottsdale Polo Championships – http://bit.ly/2lXwhwt
RLG HIRING: Rose Law Group is seeking a receptionist for our fun, fast-paced firm that offers opportunities for advancement.http://bit.ly/2UgnCCk
As a supplement to the Dealmaker, we thought you might enjoy these articles!
Maricopa County Attorney vacancy. The Board of Supervisors gave those interested in the County Attorney position until 5 pm on September 18 to submit applications. See who got in under the wire.-> http://bit.ly/2lYbloY
Complaint filed over disputed Prop. 105 campaign contributions. “Building a Better Phoenix, the political committee that spearheaded Proposition 105, has inaccurately reported where tens of thousands of dollars of campaign cash came from.” That’s the allegation. Arizona Mirror looks into it. http://bit.ly/2kSjHyf
Vote to unionize coming at ‘The Arizona Republic’ as paper’s brass rejects Guild request. “Greg Burton, executive editor of The Arizona Republic, declined to recognize a union, even as proponents said they have submitted cards seeking recognition from more than 70 percent of the estimated 100 eligible employees.” By CMS/Howard Fischer in Daily Star. http://bit.ly/2kVQMcH
University President Janet Napolitano to step down. “University of California President Janet Napolitano, who has championed immigrant students and sexual abuse victims but whose management of the UC system has sparked criticism, announced Wednesday she was resigning.” LA Times. http://bit.ly/2kVR3fJ
New Mexico announces plan for free college for state residents. “Under the plan, tuition to all state colleges would be free for students regardless of family income.” No word yet if NM also has similar plans for free food, free electricity, free cars, free tractors, free beer, free rent, free oil changes, free flood insurance, free concert tickets, free mansions, free money, free gold, free diamonds, free burials… For the story — which may or may not be free to read depending on how many free looks you have left at the NYTimes — tap on! http://bit.ly/2kV5f8y
