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The Dealmaker: 10/10/2019

Posted by   /  October 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

[OPINION] How to keep the lights on in wildfire season — go solar; but not only during fire season, says RLG Co-Founder Court Rich. In SFChronicle, Vote Solar Dir. Susannah Churchill champions solar as the way to go to avoid forced blackouts during wildfires in California. • Court Rich concurs, explaining in RLGR why now is the “time to dramatically reimagine how our electric grid works.” http://bit.ly/2MB9DUm

Mattamy buys in West Valley. (Disclosure: Rose Law Group represents Mattamy Homes.) Mattamy has acquired 69 acres at Camelback and Perryville, the first of a two-phase, 142-acre deal. Details on Mattamy’s plans for its 333-home Azure Canyon community in AZRE. http://bit.ly/33j5fjf

Richmond American offers ‘peek’ at new Maricopa community. • Seasons at Palo Brea II • 1,690 to 2,020 sq. ft. • Six floor plans • From upper $200s • Near W Farrell & N John Wayne Pkwy • More via Builderhttp://bit.ly/2AWWGyG

With billboard issues resolved, developer plans central Phoenix high-rise. Having reached an agreement with Clear Channel concerning the location of billboards, Pederson Group now moves forward with plans for a mixed-use high-rise at Central and Thomas. PBJ. http://bit.ly/2VtLuTs

Zoning, land use changes set up future Scottsdale mixed-use development. Initial plans for the 13.1-acre lot on Raintree Dr near Loop 101 “call for up to 330 multi-family dwelling units, an internalized community storage use and other commercial buildings.” SI. http://bit.ly/2OIdBND

Mayor says business, building booming in Florence. “Businesses are starting and homes are going up in town almost like never before, Mayor Tara Walter said at a State of the Town address.” Get the recap in Flo Reminderhttp://bit.ly/2olZ6UZ

Tucson eyes mixed-use development deal at Downtown Ronstadt Transit Center. Reporter Mike Sunnucks files this RLGR report on today’s city council action concerning a $600 million deal for redevelopment of the Ronstadt Transit Center. http://bit.ly/2IBy1nq

Newland promotes Ted Nelson to CEO. Going from president and COO to CEO, Ted Nelson succeeds Bob McLeod, founder of Newland, who takes on the role of executive chairman. Builder. http://bit.ly/2q2PNtr

Foreclosure era in Phoenix ends with whimper. Currently, there are “less than 150 distressed listings across all residential property types” in metro Phoenix. The Arizona Report™ looks into the tapering off and what it means for investors. http://bit.ly/2M4I32t

Hidden HOA sentiments.Porch took the pulse of 700 HOA homeowners and board members to get their views on the “HOA lifestyle.” One KEY FINDING (among many): “More than half had neglected to pay an HOA fine hoping nobody would notice.” -> http://bit.ly/3191Oul

Phoenix becomes a magnet for distribution and warehouse facilities. Demand and affordability — a “double whammy” that “has turned Phoenix into an emerging hub for new warehouse facilities and fulfillment and distribution centers.” AzBigMedia. http://bit.ly/2IDofB6

Gilbert looks at ways to encourage improvements in older neighborhoods, business parks. And what exactly is the town looking to do in order to incentivize home and property owners to undertake such upgrades? Mike Sunnucks knows in RLGR. http://bit.ly/2OxnIVk

Eloy concerned about Marana expansion plans around Picacho Peak. As Eloy looks at possible updates to its general plan, it has an eye on Marana, which is “also updating its general plan to extend north and take in Picacho Peak.” EE. http://bit.ly/2MyiNkn

Kiva named next SUSD bond project during testy discussion. SUSD board members “argued about perceived stances on the future of Kiva Elementary School,” even as they “unanimously approved” slating Kiva for a rebuild. SI. http://bit.ly/35mk6eJ

REMINDER:WestWorld of Scottsdale transforms into polo mecca this fall. The “Bentley Scottsdale Polo Championships: Horses and Horsepower presented by the Talking Stick Resort roars back” to WestWorld on Nov. 2. Among this year’s new additions: The Royal County Berkshire Polo Club “which counts Prince Charles as its first member.” SI. http://bit.ly/2OqiI4D

Cost of building supportive housing in L.A. exceeds median price of a market-rate condo. The homeless crisis in L.A. is EXPLODING. So, too, is the cost of building places to house some of the 36,000 homeless. “High fees, excessive regulation, and NIMBY”-ism are among the usual suspects contributing to the $600,000 per unit expense to build such housing. Reason. http://bit.ly/2M7A30V

RLG HIRING: Rose Law Group is seeking a receptionist for our fun, fast-paced firm that offers opportunities for advancement.http://bit.ly/2UgnCCk

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

Why didn’t Navajo landowners take Interior Department’s buyback offers this year? “As of Sept. 27, only 23% of Navajo landowners who had offers participated in the program.” No one from Navajo Nation was available for comment as to reasons for the low buyback figure, but AZ Mirror takes a stab at it anyway, with help from a DOI spokesperson. http://bit.ly/2nzd993

How an Arizona Republican decided to impeach the president (in 1998).AZMirror talks with former Arizona congressman Jim Kolbe about his decision to vote in favor of impeaching President Clinton in 1998 and the difference between the House doing so then — and now. http://bit.ly/2OxrldU

New voting machines to be introduced for upcoming election. And based on the reaction of one Phoenix resident pictured standing next to the new voting contraption in this Downtown Devil report, the thing is going to be a HUGE hit! http://bit.ly/3230Hxi 

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