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The Dealmaker: 10/22/2019

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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

California ditched coal. The gas company is worried it’s next; ‘why use gas when we can use sunshine instead,’ Court Rich, Rose Law Group co-founder asks. “Persuading people to stop using that fuel, natural gas, is shaping up to be the next act in California’s war on climate change.” LA Times • In RLGR, Court Rich questions the continued use of natural gas to power home appliances. http://bit.ly/2p6CeZH

Scottsdale agrees: Museum Square is in. Here’s much more on the proposed downtown hotel/residential/restaurant mixed-use — how it overcame roadblocks to gain wide support from the community and a unanimous thumbs up from council members. SP. http://bit.ly/2MEYBhX

Construction begins Gramercy Scottsdale. The 160-unit, five-story multifamily development from High Street Residential and Principal Real Estate Investors is going up near Camelback and Scottsdale. RLGR has details and images. http://bit.ly/2N6F9JM

HUD’s Carson: Opportunity Zones helping foster partnerships. At a recent real estate forum, HUD Sec. Ben Carson touted the O-Zone program’s advantages, including how it has brought together “people who may have never sat at the same table before.” DSNews. http://bit.ly/2W2ONkM

City envisions a $66M pipe as a lifeline to SE Mesa. “A deal with the Gila River Indian Community could deliver billions of gallons of drinking water to southeast Mesa, fueling the area’s development.” EVT. http://bit.ly/2Je7tsD

Phoenix metro tops nation in net office leasing. Q3 saw 1.4 million sq. ft. leased, according to CBRE. Which Valley city led the pack? That, plus all the data in this Mike Sunnucks’ RLGR report. http://bit.ly/2pLukoQ

PV Planning Commission readies annual wish-list for the elected. Hillside Building Committee. SOD process. Notifications. Those are among the “topics Planning Commission may broach with Paradise Valley Town Council this December.” PVI. http://bit.ly/2BAbLXc

Gilbert approves rooftop neon signs in restaurant heavy Heritage District. Rooftops could soon be buzzing and streets dancing with dazzling light after Town Council voted to allow the new neon signs on top of buildings in its popular Heritage District. RLGR. http://bit.ly/2PbLRRM

Arizona shows solid construction job gains. We added the third most hard-hat jobs nationally and have the second-highest growth rate for construction employment.  Sunnucks pounds out the numbers in RLGRhttp://bit.ly/2Pb3Zew

Cameron’s $5M + deals of the day – http://bit.ly/2Bvnq9M

It’s All Happening Soon Bentley Scottsdale Polo Championships –http://bit.ly/2BvcUzl

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!

[OPINION] The Phoenix Suns are the best story in Arizona, and we’re not just talking sports. “The personal stories in purple and orange are compelling to watch – if for no other reason to see if they can turn this thing around.” By: Phil Boas, AZCentral. http://bit.ly/2BESILb
World Series Preview: Three questions that will define Astros-Nationals. “Washington is chasing its first title since coming to town in 2005 while Houston seeks a second championship in three seasons.” Sports Illustrated. http://bit.ly/2W5PH02
Aurora Cannabis is dumping its harvest, which may be a sign it’s all over. Cannabis companies “are ‘dumping’ part of their harvest… because they simply grew more pot than they could sell at a reasonable price.” What it could mean for cannabis stocks and the industry overall, in Forbes. http://bit.ly/2N7wqqQ
Goldwater Institute loses another case against Pima County’s World View deal. “The State Court of Appeals threw out the latest legal objection to a high-altitude balloon-launching facility in Pima County, saying challengers waited too long to sue.” By: CMS/Howard Fischer in Daily Starhttp://bit.ly/2pHV0Xv
Arizona near bottom in U.S. for salary growth since 2008. AZ Mirror looks at the state’s poor showing as it dives into the latest figures from the U.S. Bureau of Labor Statistics. http://bit.ly/2BBtHRo

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