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
City Council OKs Sam Fox hotel project. RED Development’s 44|Camelback — which will include a hotel from Sam Fox — is a GO after a compromise was reached Wednesday concerning “height of the proposed buildings” for the $300 million mixed-use. PBJ. http://bit.ly/2XyofbU
Verde at Cooley Station in Gilbert breaks ground. First-phase work kicked off Wednesday on the 23-acre restaurant-retail-office “gathering place” at the SW corner of Williams Field and Recker. AzBigMedia. http://bit.ly/2rhpEYA
Bellago Homes unveils new San Tan Valley community. • Whitewing at San Tan Magma • Three single-story floor plans • 2,536 to 3,245 sq. ft. • From low $400s • More info, plus pics • RLGR. http://bit.ly/2XA9vcA
The South and West lead the way in housing construction.Forbes checks out the latest home-permitting data, which shows Phoenix-metro among the top “New Construction Boomtowns.” http://bit.ly/2OxqlEX
Affordable housing the focus of Flag’s newest commission. The Affordable Housing Commission includes “realtors, a builder and a lender,” plus Capstone Homes owner Brian Rhoton, along with a sociology major from NAU. They just held their first meeting and Daily Sun has a wrap-up. http://bit.ly/37t8BTW
A close look at what home improvements bring the greatest happiness. “21 projects that can lead to a great desire to be home, a greater sense of enjoyment in your home, and a major sense of accomplishment” — all in one visual, courtesy FIXr. http://bit.ly/2XxQF63
[GUEST COLUMN] Redefining the Arizona & American shopping center. In this “Age of Amazon,” can shopping centers keep pace, even thrive? Definitely, says Vestar President David Larcher, “as long as they continue to innovate.” Like Vestar has with Desert Ridge Marketplace. http://bit.ly/35tHrKV
Some Aldi store openings in Phoenix area might be pushed back. “Despite buying more than a dozen buildings in the Valley, permits with several cities have expired. Locations that were expected to open late this year or early in 2020 don’t have expected opening dates anymore.” AZCentral. http://bit.ly/335mnJ2
BLM approves sale of land to GRIC. The agency has approved the “sale of two public land parcels totaling just over 3,380 acres to the Gila River Indian Community for just over $9.6 million,” Maricopa Monitor reports. http://bit.ly/2s0UmFu
Phoenix Theatre Company, city move forward with $13.5M expansion. The $13.5 million, privately funded expansion will convert the Phoenix-owned building into a full-fledged proscenium theatre. Mike Sunnucks has more on the project in RLGR. http://bit.ly/2QDj1dC
Phoenix moves forward Latino Cultural Center site but wants to keep options open. While the North Building at Hance Park looks like the site for the cultural center, Councilman Carlos Garcia and others want to keep the door open to another location that could spur economic development. A Sunnucks’ report in RLGR. http://bit.ly/2qAC915
Sedona Cultural Park for sale for $19.9M. The 40-acre parcel, “one of the area’s most talked-about pieces of property,” hits “the market after years of speculation as to what may become of it.” And that development speculation continues, in RRN. http://bit.ly/34fpNuc
UNHAPPY GLAMPERS -‘Glamping’ site cancels plans after opposition from neighbors. Under Canvas “has pulled its application from Yavapai County after facing fierce opposition from locals” over its plans “to develop an 80-acre luxury camping spot on Bill Grey Road.” RRN. http://bit.ly/2O6IQks
Arizona, California, Florida, other states still haven’t regained construction jobs lost in last downturn. But one state has. Find out which one in this hard-hat data rundown by Mike Sunnucks. RLGR.http://bit.ly/2D3nAG5
Excessive litigation a threat to New Mexico home construction [VIDEO]. “A flurry of lawsuits filed in and around Albuquerque are being blamed for an increase in home building costs causing a number of subcontractors to go out of business or experience difficulty staying in business.” KOB 4. http://bit.ly/35r9cDU
As a supplement to the Dealmaker, we thought you might enjoy these articles!
House panel OKs marijuana decriminalization, as poll shows support in Arizona. The MORE Act “would decriminalize the drug while erasing pot convictions stretching back decades.” What are the chances the measure moves forward? Find out, plus get the pot-poll results in CN. http://bit.ly/2D1izOe
Big issues loom with driverless cars, experts say. “As more self-driving cars move around the East Valley, stakeholders and policymakers gathered in Chandler to discuss how Arizona will adapt to the rapidly-developing technology.” EVT. http://bit.ly/2Xys6Wq
A KNOCK ON WOODS –Grant Woods denies accusation of bias from Paul Petersen’s lawyer. Petersen attorney Kory Langhofer says a tweet by former Arizona AG Grant Woods “shows he’s unfit to supervise” the “county attorney’s investigation” into his client, KTAR reports. http://bit.ly/338iLWD
‘Broken Promises’ report details U.S. government’s history of failing tribes. Tuesday, the House held a hearing on “Broken Promises, a “report detailing decades of underfunding, poor data collection and lack of coordination that have hamstrung federal programs intended to help Native Americans.” CN. http://bit.ly/37tqvWm
