The Dealmaker: 10/4/2019

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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? Louis Andersen, Pinal County Manager. RLGR had a Q&A with new Pinal County Manager Louis Andersen yesterday. Given his crazy hours and busy schedule, it’s absolutely mind-boggling how he squeezed in the interview! Tap on to check out one of his typical two-day days. Makes us around Dealmaker HQ exhausted just looking at it!

Bad seeds cause Kentucky hemp crop to tank, suit alleges. In Arizona, ‘caveat emptor,’ says Omar Abdallah, Rose Law Group attorney handling hemp-related issues. A Kentucky company alleges in a lawsuit that an Oregon company sold it 6 million hemp seeds of the wrong gender, resulting in the ruin of a “massive” crop. TheOregonian • In RLGR, Omar Abdallah comments on why it’s so important for Arizona hemp growers to buy from reputable seed dealers. 

‘High-end’ marijuana dispensary planned for downtown Scottsdale. (Disclosure: Rose Law Group represents Sunday Goods.) Some residents say they’d welcome the first cannabis dispensary to what is now an underserved part of town, and Sunday Goods hopes to be the one. However, the proximity of a preschool presents a zoning problem. But is there a deal in the works that could make it happen? AZCentral.

Rose Law Group attorney leads technology startup to ease loneliness, isolation for seniors. RLG corporate attorney Shruti Gurudanti and husband Mayank Mishra founded televëda, a “virtual community center that allows older adults to meet friends from the comfort of their homes or living facility.” Their tech startup recently took home honors for most innovative company at the Aging2.0 Global Innovation Showcase for aging-focused innovators! Much more on televëda in RLGR.

Home prices could see big increases. Real estate consultant Jim Belfiore tells reporter Mike Sunnucks that Phoenix home prices — existing and new — could see significant increases over the next 12 to 18 months. Tap to RLGR for a look at the kind of price increases the Phoenix housing market could see, in what Belfiore is calling “a perfect storm.”

Belfiore: What a 50-year low unemployment rate means for housing, real estate. The unemployment figure came in at 3.5 percent today. For Jim Belfiore, the lowest rate since Woodstock has some major impacts on housing and real estate. RLGR.

[SLIDESHOW] Here are 25 big commercial real estate developments in the works around the U.S.Business Journal goes “coast-to-coast” for this slideshow roundup, with stops in Phoenix to showcase two high-profile developments.

Historic Roosevelt Row apartments return in “adaptive restoration” project. “Originally developed in 1914 as an apartment building, this redeveloped office building will have its grand opening in October, coming back to the market as 12 apartment units.” RED News.

San Diego broker sees big demand for Phoenix housing. Carlsbad real estate broker Jim Klinge is “hearing from many clients that they are ready to cash out of the dizzying San Diego market,” and Phoenix is “one of the markets that keeps rising to the top of the wish list.” The Arizona Report™

Phoenix adds second most construction jobs in U.S. <- That according the latest report from Associated General Contractors. Mike Sunnucks dissects the figures in RLGR

Three members recalled from Continental Country Club Board. The Flag community board members “were recalled Saturday for either owning or allegedly supporting short-term rentals.” And it looks like another vote is looming, which would effectively “ban vacation rentals” altogether. Daily Sun.

Town settles with Riester family following sewage civil suit. Paradise Valley has “approved a ‘conditional settlement’ with Tim and Mirja Riester regarding a sewage backup” that caused “thousands of gallons of raw human sewage and wastewater” to flood “their home two years ago.” PVI.

Improvement district’s water system given to Town of Queen Creek. In a move that stretches back to a 1994 agreement, “Pinal County has transferred a distribution system owned by the dissolved Queen Creek Domestic Water Improvement District to the Town of Queen Creek.” QCI.

Maricopa residents get up-close look at SR 347 improvement study. “With frustrations continuing to swell over the traffic and safety problems that plague State Route 347, the public finally got its first look at the very early stages of plans on how to solve them.” MM.

What is being decided behind closed doors? To paraphrase the title of a hilariously creepy tune by gravelly throated singer Tom Waits, “What’re they working on in there?” during executive sessions in Queen Creek and Apache Junction? AJI kicks the doors wide open to reveal, because, as Waits reminds in the windup to his Halloweeny piece, “We have a right to know.”

Best ways to party during upcoming Scottsdale polo party weekend –

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

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

Rose Law Group family attorney Audra Petrolle on Brad Pitt & Angelina Jolie’s new approach to co-parenting, post-divorce. According to the site SheKnows, the divorced Hollywood celebs are once again Brangelina, at least as far as doing “what’s best for their children” is concerned. • In RLGR, Audra Petrolle highlights the challenges involved in such co-parenting arrangements as well as the tools available to help.

How funk band Vulfpeck — led by Jordan Rose and Court Rich’s cousin, Jack Stratton — sold out Madison Square Garden without a manager or big label. And “Vulfpeck was one of the first-ever headliners” to do so! Rose Law Group founders Jordan Rose and Court Rich tell Dealmaker that they couldn’t be prouder of first cousin Jack, who talks to Billboard about the band’s manager-and-label-less approach.”

Allister Adel named new Maricopa County Attorney. Adel, “the first woman to hold the job as chief prosecutor of the fourth largest county in the U.S.,” will “finish off Bill Montgomery’s term” and “has already stated in her application she plans to run for election in 2020.” ACT.

Convicted murderer Jodi Arias’ case could soon be back in court due to prosecutor misconduct claims. That’s the word out of AZCentral this morning as the “Arizona Court of Appeals has agreed to consider how numerous allegations of misconduct against Maricopa County prosecutor Juan Martinez could overturn Arias’ conviction.”

GOP senator: AZ foster kids are being sold into sexual slavery. Sen. David Farnsworth, “who is convinced that the Arizona Department of Child Safety is facilitating the global sex trafficking of children removed from negligent parents,” is now accusing Sen. Kate Brophy “of threatening him if he didn’t stop investigating the outrageous claim.” AZ Mirror.

Arizona secretary of state toughens election rules proposal amid cybersecurity concerns. “Some of the changes come after The Arizona Republic highlighted concerns about policies included in a first draft of a manual that county officials across the state will use to administer next year’s election.”

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