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
As Arizona’s suburban water tables drop, some potential solutions begin to emerge. With a recent study warning about risks to “many of Arizona’s aquifers,” Daily Star looks at some possible solutions, including pipelines to carry CAP water, as well as limits on water level declines. htt://bit.ly/2QwojYbp
Apex seeks final plat for 48 garage condos. (Disclosure: Rose Law Group represents Apex Motor Club.) Apex Motor Club has “received a city permit for a subdivision final plat for 48 garage condominiums” — and “all 48 units have been reserved,” reports InMaricopa. http://bit.ly/2CWA7uT
Why Maracay is racking up big sales on South Mountain. Maracay President Andy Warren, real estate consultant Jim Belfiore, and others weigh in on the success of the homebuilder’s Avance community. PBJ (Subscriber Content). http://bit.ly/359lQam
Sam Fox hotel project heads to Phoenix City Council for approval. On the eve of a vote that will decide its fate, PBJ takes an up-close look at 44|Camelback, the $300 million mixed-use from RED Development that will include a ‘five-story boutique hotel” developed by Sam Fox. (Subscriber Content). http://bit.ly/2CZdQfW
[OPINION] Stop insinuating ASU real estate deal is dishonest. “When is it reasonable to step in and say, ‘that’s not what we meant by being entrepreneurial’? A review of that facts suggests that the Omni Hotel deal is not the time or place for that to happen.” By: ASU President Michael Crow. http://bit.ly/35fsuvD
Local homebuilders fill in the gaps, creating small, affordable Tucson housing communities. Around Tucson, “local builders are eyeing infill opportunities on vacant lots and at shuttered schools to create” lower-cost “communities in existing neighborhoods.” Daily Star. http://bit.ly/2KC4meW
These Tempe apartments won’t have parking for residents. San Francisco-based firm “Culdesac is partnering with veteran developer Sunbelt Holdings led by John Graham to develop” this first-of-its-kind $140 million apartment project. AZCentral. http://bit.ly/35erUhM
The 10 most expensive ZIP codes for renters in Arizona. 85254: The most expensive ZIP in Arizona? Or, thanks to skyrocketing rents, is that the average number of dollars you’ll have to fork over every month to live in the most expensive ZIP? RENTCafe’ did the study, AZRE has the highlights. http://bit.ly/2KB50JA
Lyft departing Sky Harbor? Councilman Sal DiCiccio has released a letter from Lyft saying the company could potentially end operations at Sky Harbor over proposed higher rideshare fees. Read the Lyft letter and DiCiccio’s response in RLGR. http://bit.ly/35ftpMB
Mesa celebrates expansion of Urbix Resources into Falcon District. “The new 31,000 square foot facility will allow the company to expand its state-of-the-art graphite processing.” Councilmember David Luna calls Urbix a “true Mesa success story.” AZ Business Magazine. http://bit.ly/2OpuYRm
Amazon to open brick-and-mortar book store in Scottsdale. “The store is in a 4,000-square-foot space in a newly constructed building at Scottsdale Quarter, next to where Fox Restaurant Concepts is building its new Culinary Dropout location.” And it’s opening TODAY! PBJ. http://bit.ly/2r6KqtP
Church mixed-use heads to Scottsdale City Council. Impact Church wants to develop restaurant and retail along with new Class A office space off Hayden near Scottsdale Airpark and FLW Blvd. Sunnucks has more in RLGR. http://bit.ly/2XtSKzL
Phoenix panel asked to approve site for new Latino Cultural Center. A council subcommittee on Land Use and Livability will consider recommending the North Building at Margaret T. Hance Park for a new Latino center, reports Mike Sunnucks in RLGR. http://bit.ly/2OER9mX
New winery opens in Globe.Globe•Miami Times takes a look at how the 3000-vine Waggin’ Vineyard and Estate came to be — how owners Timothy Trent and Daisy Flores “began planting grapes in the middle of Globe,” and how the winery got its name. http://bit.ly/342rryX
Pollack: Making history. Friday, the Dow “reached and surpassed 28,000 for the first time” ever! Cause for celebration? Not so fast, says The Monday Morning Quarterback, who notes that, overall, last week’s economic news was “mixed.” Data snapshots include: U.S. • Retail Sales • Inflation • Production (w/ charts!). AZ • Employment • Housing – Tucson. http://bit.ly/2qu84Af
Why don’t environmentalists just buy the land they want to protect? Because it’s against the rules. “Technically, any U.S. citizen can bid for and hold leases for energy, grazing, or timber resources on public lands. But legal requirements often preclude environmentalists from participating in such markets.” Reason. http://bit.ly/2NZvIOb
As a supplement to the Dealmaker, we thought you might enjoy these articles!
Pinal panel picks apart groundwater model. ADWR’s’ “new Pinal groundwater model is fundamentally flawed when it comes to predicting agricultural use, according to one member of the Pinal” GUAC. CGD. http://bit.ly/35eF5PK
[OPINION] Let’s unleash American innovation to drive clean energy forward. Sunrun CEO, Co-Founder Lynn Jurich & Dandelion Energy CEO, Co-Founder Kathy Hannun urge the Senate Climate Caucus to work on a climate policy that includes the solar Investment Tax Credit. MORNING CONSULT. http://bit.ly/2QxSnmk
Secretive energy startup backed by Bill Gates achieves solar breakthrough. “Heliogen… said it has discovered a way to use artificial intelligence and a field of mirrors to reflect so much sunlight that it generates extreme heat above 1,000 degrees Celsius.” CNN. http://bit.ly/2Qz8wYU
See Utah houses Paul Petersen owned and some Marshallese women stayed. The new owner describes the house where Marshallese women stayed — padlocks, dirty diapers, and “as many as 15 pregnant women living in the four-bedroom.” Oh my! http://bit.ly/35iXWcx
Millions of Arizonans affected by Equifax breach must decide now. “They can opt-out of the settlement now and reserve the right to sue the credit monitoring firm later, or take a settlement.” Whatever the decision, the deadline is TODAY. CN via PBJ. http://bit.ly/35fya8V
Petition asks new CEO Jeff Guldner to ‘stop all APS spending on elections.’ “Such a promise would be a tall order for a company with a tarnished recent history that is used to buying its way,” reports New Times. http://bit.ly/2OqegBj
UA College of Medicine-Phoenix grows medical class size to stem doctor shortage. “The expansion is just the next step a plan that was initiated at the university’s inception, said Glen Fogerty, the school’s dean of admissions and recruitment.” DD. http://bit.ly/2QvlIOl
