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The Dealmaker: 10/2/2019

Posted by   /  October 2, 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

Women-owned investment firm buys another chunk of West Valley land. (Disclosure: Rose Law Group represents SLM Land Holdings.) Anita Verma-Lallian, Eileen Jain Sahai and Smita Patil Mehta, the trio comprising  female-led investment firm SLM, have purchased a third parcel of land, bringing “total holdings to more than 300 acres.” PBJ (Subscriber Content). http://bit.ly/2pkX1Zi

Caught between 2 HOAs, homeowners fret; HOAs must be proactive, says Rose Law Group litigator Olen Lenets.AFN reports on how a lack of action in Ahwatukee regarding flood runoff and an eroding mountainside has resulted in “friction” between homeowners and their respective HOAs. So what happens if the problems continue to be ignored? Olen Lenets responds in RLGR. http://bit.ly/2owen56

RED launches $300M redevelopment of 44th St. and Camelback.AZRE takes a close look at this high-profile mixed-use project — with renderings, along with remarks by Sam Fox, RED exec Mike Ebert, Phoenix CED Director Christine Mackay and Valley Realtor Robert Joffe. http://bit.ly/2pnM6hv

New parking deal posed for Museum Square. The initial parking deal seemed to satisfy all involved, but Scottsdale gallery owners wavered upon learning that it may be a while before any parking structure gets built. Enter gallery owner French Thompson with “an elegant solution.” SP. http://bit.ly/2nUpmFp

Taylor Morrison opens Greenfield Ranch in Gilbert. Near San Tan Village Mall and Marketplace • Seven floor plans in all • 2,764 to 4,333 sq. ft. • From mid $500s • More on Greenfield Ranch • In AzBigMediahttp://bit.ly/2nIBLwp

Neighbors fight to block development. Blue Sky Real Estate wants to build homes on property it owns near 11th Ave and Maryland, but planning officials can’t decide and area residents remain opposed, despite design compromises made by Blue Sky “at every level.” north central news. http://bit.ly/2nGBbzb

Mesa OK’s new 244-unit multifamily development. With its rezoning request given the go-ahead, Greenlight Communities now moves forward with Cabana on Power Road. Get project details at AZBEXhttp://bit.ly/2oCrHVq

The Wedge development approved in Flagstaff. Reporter Mike Sunnucks previewed the matter yesterday and follows up today, with this quick read on City Council’s approval. RLGR. http://bit.ly/2oByLBK

Yuma farmland could be rezoned for new homes. City Council is set to vote today on the matter. Catch reporter Mike Sunnucks’ brief preview in RLGRhttp://bit.ly/2nRWVbi

The 15 hottest real estate markets in U.S. “Despite worries of a cool down, the housing market is still going strong” — and cities in Arizona are no exception, with one landing a spot on the Construction Coverage hot-list. (via Daily Sun). http://bit.ly/2n2MdOS

Report finds mixed results for home flipping in metro Phoenix. “The Valley has one of the nation’s fastest average turnaround times for flipped homes but one of the lowest returns on investment.” KTAR. http://bit.ly/2oAxbA2

The 10 most expensive ZIP codes for renters in Arizona. The priciest ZIPs are “spread throughout Scottsdale and Phoenix, with just one other being located in Chandler.” RENTCafé crunched the numbers, AZRE has the highlights. http://bit.ly/2pnYtKt

SPEED OF LIGHT –Applications for solar facilities in Pinal County to be processed quicker in proposed change. The change, sparked by a spike in applications, would allow solar “facilities of up to 640 acres to be processed as a non-major” amendment. In other words: Much faster. QCI. http://bit.ly/2oCytuk

Queen Creek could expand ‘Agritainment’ zone for potential Queen Creek Olive Mill expansion. QC Planning Commission will consider the expansion at an upcoming hearing. So who’s requesting the rezone and how much land are we talking about? Mike Sunnucks has the info in RLGRhttp://bit.ly/2nSERxJ

Scottsdale wins Global Business City of the Year. Congratulations to Scottsdale which has been recognized by the Global Chamber as the TOP city in 2019 when it comes to leading, excelling and pushing the boundaries in international business. AZ Business Mag. http://bit.ly/2mYeJky

Cameron’s $5M + deals of the day –http://bit.ly/2ovw8Sf

Best ways to party during upcoming Scottsdale polo party weekend – http://bit.ly/2oyAp7r

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!

DON’T TAKE ME OUT TO THE BALLGAME? –Arizona Diamondbacks attendance drops in 2019 season. “The drop in attendance goes along with the overall trend across Major League Baseball, which saw its overall figure declined by more than 1 million, the fourth consecutive year that the numbers dropped.” PBJ. http://bit.ly/2nSKig9

Meet the five finalists to fill vacant Maricopa County attorney spot. The Maricopa County BOS will choose one of these five candidates to fill the position formerly held by Bill Montgomery. -> http://bit.ly/2nWGs5w

Congressional hearing on voting rights in Arizona focuses on obstacles faced by voters of color. “Obstacles to voting in Indian Country were the dominant point of discussion Tuesday at a subcommittee hearing, which ended with a heated exchange between a Republican state lawmaker and several Democratic members of Congress.” AZ Mirror. http://bit.ly/2prPV5z

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