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
Square opens up payment processing to more CBD businesses; move signals industry growth, says Jonathan Udell, Rose Law Group attorney focusing on cannabis, hemp industries. Jonathan Udell tells RLGR that Square’s program, which allows CBD products to be sold “quickly, easily, and securely,” will likely result in other financial institutions jumping in to “support businesses in this market, which is expected to reach $16 to $22 billion by 2025.” http://bit.ly/2M1xeyr
Will home builder history repeat as a global downturn looms? Real estate consultant Jim Belfiore weighs in on innovation ‘stress test.’ Will “startups and innovations wither on the vine as signs of toughening business conditions flare up?” John McManus explores in Forbes. • Jim Belfiore tells RLGR that more efficient ways of building are “undoubtedly on their way.” (But just not as soon as McManus suggests.) http://bit.ly/35k0Nm9
Mesa needs new housing to keep up with growth, affordability concerns. It looks like Mesa will need tens of thousands of new housing units by 2030, and the city is wasting little time addressing the matter, with a briefing on long-term housing plans slated for tomorrow. RLGR. http://bit.ly/2VtODCS
Arcadia mansion on the market [SLIDESHOW]. “The house near 56th Street and Camelback Road has nine bedroom and 14 bathrooms.” Got $6,250,000? Slide through 55 pics of the place at azfamily. http://bit.ly/2M0ouZ5
Tempe looks at future of downtown core, building heights, sustainable and workforce housing incentives. City Council will meet with ASU officials Thursday to discuss downtown growth, land-use and potential changes to master plans. Reporter Mike Sunnucks delivers a detailed preview in RLGR. http://bit.ly/311hEHc
Cheesecake Factory completes acquisitions of North Italia and Fox Restaurant Concepts. Transaction details along with comments on the deal by Cheesecake Chairman and CEO David Overton — in RED News. http://bit.ly/2OyaGXG
Lighting, fences fuel more freeway resentment in Ahwatukee. “As opposition grew over the installation of chain link fences along Liberty Lane, homeowners close to another freeway segment are complaining about the agencies’ seeming refusal to install shields on high-intensity lights.” AFN. http://bit.ly/33lSftr
Wigwam celebrates 90th anniversary with top distinction.Condé Nast Traveler Readers’ Choice Awards has recognized the historic Litchfield Park resort as among the top in the Southwest. AzBigMedia. http://bit.ly/2Vujb7j
Polo anyone? WestWorld of Scottsdale transforms into polo mecca this fall – http://bit.ly/2OqiI4D
RLG HIRING: Rose Law Group is seeking a receptionist for our fun, fast-paced firm that offers opportunities for advancement.http://bit.ly/2UgnCCk
As a supplement to the Dealmaker, we thought you might enjoy these articles!
Unprecedented power outages begin in California as winds bring critical fire danger; rooftop solar demand spike likely, says Rose Law Group co-founder Court Rich. The statewide blackouts are an “attempt to avoid wildfires caused by winds damaging power equipment.” L.A. Times • Court Rich tells RLGR, in part, that we’re fortunate to “have technology like battery storage that can lesson the blow of this inconvenient and terribly dangerous situation.” http://bit.ly/2pZC5Yi
Maricopa County Assessor Paul Petersen indicted in adoption fraud; father forced to resign as state treasurer in 2006. “The 32-count indictment alleges conspiracy, theft, forgery and 29 counts of fraudulent schemes.” AZCentral • It’s an apple that didn’t fall too far from the tree, apparently… Here’s a story broken by Phil Riske while reporting for AZ Cap Times in 2006: “Ex-treasurer taped private phone conversation with son.” Read it in RLGR. http://bit.ly/2Vrkzb3
Why Arizona’s senators both oppose Trump’s decision to withdraw troops from Syria. One senator said “the move threatens U.S. security” while the other said “she is ‘deeply concerned’ that abandoning allies in a fight against Islamic State militants will ‘be left hanging.’ ” Who said what at AZCentral. http://bit.ly/2M0fBif
In Casa Grande, a call to ‘stop the madness.’ “We want them to stop the insanity, we want our state to focus on governing.” That was one of the messages delivered by a group of Republicans who gathered outside Rep. Tom O’Halleran’s office on Tuesday to oppose the Trump impeachment inquiry. CN. http://bit.ly/2M15ARZ
Jack Stratton-led Vulfpeck brings funk, fun to sold out MSG.Vulfpeck, led by Jordan Rose and Court Rich’s first cousin Jack Stratton, brings its brand of funk to Madison Square Garden. WATCH as fans gather pre-show in anticipation; then go backstage as Jack, sporting Jordan and Court’s grandpa’s tennis shorts circa 1978, kicks things off in humorous fashion. http://bit.ly/2VwI7v1
Hundreds from across the Cardinals, the NFL gather for Bill Bidwill funeral. “Bill Bidwill’s funeral at St. Francis Xavier Catholic Church brought together people from all areas of his life, which spanned 88 years and numerous chapters.” AZCentral. http://bit.ly/2VrllEZ
