The Dealmaker: 9/24/2019

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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

As first hemp harvest begins, what happens when your crop grows ‘hot’? Arizona rules do not allow hemp crops to have a THC content greater than .3%. So what happens if your crop exceeds the .3% THC threshold and becomes a “hot” crop? By: Jordan Rose and Adam Trenk. Jordan Rose has been active in the hemp industry rulemaking process, and Adam Trenk is a partner and director of Rose Law Group Hemp Department.

Paradise Valley condo with elevator, outdoor deck sells for $2.2 million. But it’s a different PV condo, “a 5,200-square-foot contemporary-style penthouse” that earns top-deal honors in AZCentral’s latest rundown of posh-home purchases.

David Sellers proves he’s the right man to lead LGE Design Build. LGE President and CEO David Sellers talks to AzBigMedia about following in his father’s footsteps, managing expectations and expanding the company’s reach as he heads into his tenth year at the helm.

Cullum Homes takes house touring to new heights. Tour Cullum’s custom-home communities in style, via a new pimped-up ride: A specially designed Mercedes-Benz Sprinter van. Details on this state-of-the-art home-touring vehicle in the news release at RLGR.

Work underway on Creighton University’s midtown Phoenix medical school. “Now that Creighton University is moving dirt on its $100 million medical school at Park Central Mall in midtown Phoenix, other pieces of the development are falling into place.” PBJ (Subscriber Content).

Mesa planners looks at ASU campus plans. Planning Commission will examine plans tomorrow for a new plaza and office building to house ASU’s Creative Futures Lab near Main and Center. Mike Sunnucks previews in RLGR.

Phoenix investment company changes name, continues renovations of former Chinese Cultural Center. David Tedesco, founder, CEO and managing partner of Outlier (formerly True North), brings us up to speed on the company’s name change, the Cultural Center makeover, and Outliers’ other projects and acquisitions. PBJ (Subscriber Content).

Tucson moves ahead with plan for 13-story North Fourth Avenue tower. “City Council has approved a $5.5 million tax deal with the Opus Development Company,” which will “spend an estimated $63.7 million to build the 13-story mixed-use development.” Daily Star.

Diamondbacks spend $3.3M on Chase Field upgrades. Check out “what fans got” in AZCentral. (Subscriber Content).

Charter school group could buy Indian School Road property from city. Scottsdale-based Charter Schools Development Corporation is inquiring with the city to purchase the property at 1515 East Indian School. RLGR.

Michigan coffee chain could land in East Valley. Development plans for a parcel at the Loop 101 and Guadalupe Road could bring a Biggby Coffee to the location. Mike Sunnucks has more info in RLGR

CenturyLink beefing up network infrastructure in Mesa Gateway area. CenturyLink is expanding its network infrastructure and technology footprint in Mesa’s Gateway Airport area as the East Valley submarket continues to see growth.” RLGR.

Avondale names assistant director of development. With a municipal career spanning 22 years (the last 15 months as Avondale’s planning manager), Jodie Novak now steps into the role as the city’s “new assistant director of development and engineering services.” WVV.

The 10 trends that will shape real estate in 2020. What, if any, “breakout investments” will emerge? Are we in for a “soft landing” or “sudden crash”? “The Urban Land Institute’s annual look at the year ahead finds some direction within a fog of uncertainty.” Curbed.

Entertain at an event like no other: The Ninth Annual Bentley Scottsdale Polo Championships –

RLG HIRING: Rose Law Group is seeking a receptionist for our fun, fast-paced firm that offers opportunities for advancement.

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

After 137 years of service, Bisbee’s library is declared best in America. “The Copper Queen Library in Bisbee was recently named the best small library in America by the leading publication for bibliophiles.” Daily Star.

Despite ‘modest gains,’ schools continue to see severe teacher shortage. That’s overall finding from an “Arizona School Personnel Administrators Association survey of 150 school districts and charter schools.” Cronkite News takes a look.

Lawmakers told addiction, re-entry barriers fuel problems in justice system. “At Monday’s hearing of the House Ad Hoc Committee on Earned Release Credits for Prisons, perhaps no issue came up more often than drugs and the impact they have on the criminal justice and correctional systems.” AZ Mirror.

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September 2019