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The Dealmaker: 11/15/2019

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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? Beth Jo Zeitzer, President and Designated Broker R.O.I. Properties. Yoga, RLGR and hoofing it to work help Beth Jo Zeitzer prep for a busy day that includes escrow reviews, CRE meetings, Epicenter Case briefings and some “white glove” treatment vis-à-vis TIs — all capped with an ‘inspirational’ family celebration at day’s end. http://bit.ly/2QkYslV

Arizona infrastructure projects win U.S. Transportation Dept. BUILD Grants. (Disclosure: Rose Law Group represents Saint Holdings.) RLGR digs up more info on infrastructure improvements planned for the 2,700-acre Arizona Inland Port in Pinal County as well as the Phoenix Sky Harbor Northside Rail Expansion Project. http://bit.ly/2Ofz3rh

Robert Sarver gushes about Phoenix Suns’ strong start, new $45 million practice facility. (Disclosure: Rose Law Group represents the Phoenix Suns.) What went into the facility’s planning? Why 44th St and Camelback? How was the deal struck? How ’bout them Suns! Team owner Robert Sarver and RED Development managing partner Mike Ebert provide insight. AZCentral. http://bit.ly/2CLiSwv 

Eloy council changes zone for proposed business park. (Disclosure: Rose Law Group represents the landowner of the future business park.) EE has a bit of info on a requested “land use map change” for the proposed Interstate 10-8 Business Park to be located along Sunland Gin Rd. http://bit.ly/2CP9g3K

Arizona water — here are the reasons to be optimistic. With all the doom and gloom lately concerning the future of “our desert’s most precious commodity,” one might think they’d be hard-pressed to find any upbeat water news. But that’s hardly the case in this report from AzBigMediahttp://bit.ly/2XinG5Q

Panel takes step to secure water supply in Pinal County. A panel chaired by Rep. David Cook has appointed “three Pinal County water stakeholders to head a group… tasked to create a better framework to allocate groundwater and balance competing interests.” ACT (Subscriber Content). http://bit.ly/377thk5

Camelback Mountain home renovation wins HGTV award. Wow factors abound in AZCentral’s 17-pic slideshow and report on this mountainside makeover that earned project architects from Ranch Mine “recognition as HGTV’s Designer of the Year.” Wow! http://bit.ly/37cAtvd

Glendale tees up Glen Lakes Golf Course sale. “While City Manager Kevin Phelps thinks this is a well-above-par sale, opponents think it’s a sand trap and are calling for a ‘Mulligan.’ ”Glendale Star reports the “purchaser plans to build 172 homes.” http://bit.ly/2r1gZsP

What’s next for the St. Luke’s campus after hospital closes this month. Affordable senior housing? Behavioral health care facility? Those are among the possibilities mentioned in this PBJ report. (Subscriber Content). http://bit.ly/32QUAvI  

Some retirees “upsizing” into bigger homes. And they’re often doing so when relocating to “more climate-friendly areas” — like here. MarketWatch via Builder. http://bit.ly/354EkJ2

Reviving Downtown. After lagging in office leasing, Phoenix’s core may be primed for a resurgence. PBJ (Subscriber Content). http://bit.ly/33RvWMQ

Demolition date for historic building is not scheduled after hearing. Okay, so no date has been set for bulldozing the historic E.S Wakelin Grocery Company Warehouse building at 5th Ave and Jackson, but that baby’s definitely comin’ down at some point. Downtown Devil. http://bit.ly/2NU4IQd

SRP plans to install Arizona’s biggest battery for solar plant. “The big battery project is planned for the Little Rainbow Valley, south of Buckeye, and the battery system there will be many times larger than anything in Arizona today.” AZCentral. http://bit.ly/2qRmQRz

Trader Joe’s eyes second Tempe location. “The potential location [at Rural and University] is currently occupied by a FastMed Urgent Care but it appears the space could soon become available.” AZCentral (Subscriber Content). http://bit.ly/2Ol7JYy 

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

Group unveils proposed legislation to legalize recreational marijuana use, sales. The Arizona Cannabis Chamber of Commerce is looking to put the “measure on the 2020 ballot to allow for 230 retail outlets for the sale” of recreational marijuana, reports CMS/Howard Fischer in ACThttp://bit.ly/2XgHOWh

Self-driving delivery company quietly expands testing to include downtown Phoenix. But Nuro’s expanded testing couldn’t have been all that hush-hush. After all, AZ Mirror found out about it! -> http://bit.ly/2qgutB7

Legislators aim to reassert authority with early budget. “Republican leaders in the Arizona House and Senate are moving ahead with plans to draft their own budget proposal by the end of the year, reasserting legislative authority they say they lost during recent years.” ACT. http://bit.ly/2Oe8aEd

Pinal officials discuss concerns with upcoming census. BoS “heard an update Wednesday on the 2020 U.S. Census” and it was a restriction on teachers’ communications with regard to “partisan political issues” that emerged as a major concern. PinalCentral. http://bit.ly/2qUAp2M

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