The Dealmaker: 9/27/2019

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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

What did you do yesterday?Waseem Hamadeh, HOH Investment Group. Seven years with Land Advisors Organization saw Waseem involved in over $1 billion in land transactions. Now, as founder of HOH Investment Group, he has nearly that number of items on his plate each day! Check out one of his typical days — pics included! — in RLGR

Belfiore: Housing market to see big gains. Jim Belfiore sees some major year-over-year gains for the next few months. The real estate consultant drops forecasted numbers and factors driving them in this RLGR report by Mike Sunnucks.

City Hall looks to corral exuberance of short-term Scottsdale marketplace. The city and many of its residents are hoping that two ‘party-pooper’ ordinances approved this week will help tighten short-term rental regs and put the kibosh on “unruly gatherings.” SI.

Hotel, restaurants development plans head to Tempe City Council. SJ Development is seeking to move forward with development plans for a 150-room hotel and restaurant project on Rio Salado Pkwy. Mike Sunnucks has more info in RLGR

Lincoln Property Company buys 71.5 acres in Glendale for $11.7M. -> Which kicks off development of Park303, a “new $115 million speculative Class A industrial project” located along Loop 303. Deal and development details, plus eye-catching rendering, at AZRE

Deloitte announces 100,000-square-foot expansion in Gilbert. “With this addition, Deloitte will fully occupy two of the four buildings that comprise The Commons at Rivulon.” Meanwhile, “Nationwide Realty Investors continues development” at the property, “with two additional 100,000-square-foot buildings currently under construction.” AZRE.

Phoenix is the 6th-fastest-growing flexible office space market in U.S. “Flexible space now accounts for 1.3 percent of Phoenix’s total office inventory, up from 0.8 percent a year ago.” That’s just one of the takeaways from CBRE’s new “Let’s Talk About Flex” report. More in AZRE.

Gilbert ponders rooftop signs for Heritage District. Planning Commission will ponder the idea at its meeting next week, with a focus on the signs promoting the Heritage District area. Mike Sunnucks has a pondering preview in RLGR

FH General Plan being updated. With the “outreach/input phase” of the update now complete, a “visionary report” was presented to Fountain Hills Town Council last week. FHT has a recap.

Mining town of Miami laments loss of historic buildings in fire. The buildings are “part of the fabric of Miami — the background of childhood memories, the foundation of livelihoods, the attraction for tourists.” Losing them was “pretty traumatic” says one local. AZCentral (Subscriber Content).

Can we redesign the modern city with synthetic biology? Could we grow our houses instead of building them? “Breathing structures and living houses may not be as far out in the future as one would think.” Forbes.

Music and Matches at The Scottsdale Polo Party November 2nd –

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!

House votes to let marijuana businesses legally use banks; ‘momentous,’ says Adam Trenk, Rose Law Group partner, director of Cannabis and Hemp Departments. The vote is boosting hopes for a federally recognized MMJ industry. Count Adam Trenk among those upbeat about the prospects. He comments on the historic vote in RLGR.

MMJ advisory council holds first meeting. The Medical Marijuana Testing Advisory Council met for the first of four meetings on Thursday to discuss testing in Arizona. Rose Law Group attorneys Adam Trenk and Omar Abdallah, who handles hemp-related issues, file this report on the meeting, in RLGR

In defense of pre-nups; don’t fear them, says Rose Law Group family attorney Audra Petrolle. HuffPost looks at premarital agreements and why they’re not such a bad idea. • In RLGR, Audra Petrolle gives her take, highlighting the usefulness of such matrimonial “insurance policies.”

Against all odds: Acosta story transcends Scottsdale Behind the Flames dinner. Isaiah Acosta was “born without a jaw” nearly twenty years ago. Now, the Phoenix-native is thriving, “sharing his story of triumph through music” — and receiving honors while doing so. SI.

How about several nap breaks at work? “About a third of Americans don’t get enough sleep. But there’s a small group of people actively trying to spend less time in bed, not more: Polyphasic sleepers.” TIME.

McCain Institute head Kurt Volker at center of Trump-Ukraine probe. Volker, the executive director of ASU’s McCain Institute, “is a special envoy to Ukraine for Trump.” AZCentral reports on “Volker’s role in the Ukrainian matter.”

[OPINION]Cindy McCain is wrong about Arizona’s GOP. This IS her husband’s party. “She said the party doesn’t resemble the GOP she and Sen. John McCain belonged to. Except it does.” That is EJ Montini’s view, in AZCentral. (RELATED: Mark Kelly discusses Arizona GOP email, Sinema censure on ‘The View.’ KTAR).

Arizona lawmaker seeks doubling of state gas tax; Gov. Ducey not supportive. Rep. Noel Campbell wants to increase the gas tax to 36 cents a gallon, and Gov. Ducey’s not in favor of it? Shocker. Find out why in this CMS/Howard Fischer report in Daily Star.

Interior stonewalling Grijalva over his requests as chairman of Natural Resources Committee. Rep. Raúl Grijalva says his committee obtained “emails showing that Interior employees had been instructed to withhold communications from him.” And based on a pic in this AZ Mirror report, Rep. Grijalva sure doesn’t look too happy about it

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September 2019