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] Jordan Rose and Tom Galvin talk Pinal water. “Pinal County has plenty of water for the next 100 years. We just need to prioritize demand.” By: RLG Founder and President Jordan Rose and RLG regulatory attorney Tom Galvin. AZCentral. http://bit.ly/2O9oztm
New PAC promises downtown project fight. (Disclosure: Rose Law Group represents Spring Creek Development.) A new PAC in Scottsdale could have a “significant effect” on “upcoming redevelopments — including Southbridge Two and the Sunday Goods dispensary.” In SP, Spring Creek Development President Carter Unger addresses several of the PAC’s concerns. http://bit.ly/2KfeCJQ
Developer’s dilemma: How much space to devote to parking? “Holualoa Companies, Ryan Companies and developers all over the country are wrestling with parking ratios and how many spaces will be enough; but also how they can maximize the income from the property.” AzBigMedia. http://bit.ly/32Jff4K
Metro Phoenix home prices expected to hit new record high this month. Demand is up, supply is down and bidding wars are breaking out. Are we headed for another boom-bust cycle? AZCentral (Subscriber Content). http://bit.ly/33EqLQk
Planning Commission meets over controversial Arcadia neighborhood hotel proposal [VIDEO].FOX 10 looks at the controversy over plans for a five-story hotel by Sam Fox, a project that will also contain restaurants, shops and offices at 44th St and Camelback. http://bit.ly/2qKqDAc
Talking Stick Resort Arena: A fresh look is on the way! @Suns have released this first look of the new pavilion entrance. Check it out via Twitter! http://bit.ly/2CEtmO6
Who is getting ahead in Opportunity Zones? “New data from CBRE reveals some crunched numbers to help understand what’s really happening in the OZ world.” (via MFE). http://bit.ly/2rFBqfz
Scottsdale Issues & Experts forum highlights the good, bad and lewd of the short-term rental. “Five local experts, ranging from a Realtor to a police chief… provided insight into both public and private perspectives on the exuberance of vacation rentals in Scottsdale and Paradise Valley.” SI. http://bit.ly/2QiXfMd
County supervisors from across state target short-term rentals. “Each year the state’s 64 county supervisors meet to address and vote upon issues they’d like to see presented to the state legislature. One of the eight that were recently decided upon deals with short-term vacation rentals.” RRN. http://bit.ly/2KixszU
Appeal asks Arizona’s highest court to consider Lakes case. “The True Life Companies and Wilson Gee asked the Arizona Supreme Court to consider their appeal of the state Appeals Court decision ordering them to restore the Ahwatukee Lakes Golf Course, last Friday.” AFN. http://bit.ly/2CAzEOH
Sedona Oxford hotel is still on track. <- That’s the word from the architect on Village at Saddlerock, a 100-room hotel proposed at SR 89A and Soldier Pass Rd. RRN. http://bit.ly/33L79de
Missile silo for sale is handyman’s dream. “The decommissioned Titan II missile silo about 35 miles north of Tucson officially hit the market on Friday.” Realtor Grant Hampton calls this “mid-century fixer-upper” the “coolest listing I’ve had to date.” Daily Star. http://bit.ly/2QbTNmr
5 trends emerge among real estate clients. “Five key themes emerged from NAR’s annual survey of recent home buyers and sellers, ranging from what buyers are looking for in a house to what both buyers and sellers expect from a real estate agent.” REALTORMag. http://bit.ly/2NFvtHH
Peoria General Plan vision for the next 20 years. “In the 198-page document, the top three goals in the economic section are Balanced Land Use, Focused Growth and Sustainable Development.” Peoria Times. http://bit.ly/2pbtZf0
Essex Crossing is the anti-Hudson Yards. “The new mixed-use mega-project on the Lower East Side heals a civic wound with hundreds of affordable apartments, community perks and a sleek home for Essex Market.” NYT. http://bit.ly/2ryt7BW
As a supplement to the Dealmaker, we thought you might enjoy these articles!
Navajo Generating Station closure leaves questions of water ownership. “[A]n enormous amount of water is up for grabs, a situation that will lead to either a new settlement or more legal battles over the future of the water.” AZ Mirror. http://bit.ly/2OiN0VB
Where the drone jobs will land includes Arizona. Hover over the heat map in Axios to see “Drone Age” job listings for metro areas in Arizona and other states. http://bit.ly/2pgw5uc
Lawmakers, AG look to keep pre-existing condition coverage if Obamacare voided. “The move comes even as Republican attorneys general, including Brnovich, actually are working to have the law declared unconstitutional.” A CMS/Howard Fischer report in ACT. http://bit.ly/2Kf8hOp
Education groups consider measure to tax rich – and poor. “The activists behind last year’s Invest in Education Act are considering a comeback — they’re eyeing a sales tax hike, an idea they have routinely rejected in the past as regressive and detrimental to the poor.” ACT. http://bit.ly/36VLH7k
UA’s $14-million gamble: Consultant gave pricey advice to devise strategic plan. UArizona President Robert C. Robbins “acknowledged the expense was risky, but he believes it was money well spent,” saying that it gives the university a “roadmap for the next 10 to 15 years.” DS. http://bit.ly/34Pp5n4
Arizona lawmaker seeks public’s help identifying shooter who paralyzed her 15 years ago. The 2004 shooting of Jennifer Longdon and her fiancé, David, shattered their lives. Now, state Rep. Longdon is asking “anyone with information about the shooting” to “share what they know.” AZCentral. http://bit.ly/34TYJ3q
You know your dog loves you. Now an ASU psychologist says he has scientific proof. But it’s probably “nothing more than anthropomorphism,” right? ASU Canine Science Collaboratory Director Clive Wynne has “assembled scientific data” that indicates “otherwise.” AZCentral. http://bit.ly/2CzhX26
