The Dealmaker: 12/10/2019

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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

10-8 Business Park to Eloy! Congratulations to Rose Law Group client Petersen Properties & Management! Chandler Air Park Developer and Principal, Kevin Petersen along with principal Brian Matlock have closed on 619 acres in Eloy, Arizona initiating development of Interstate 10-8 Business Park. Details in RLGR

Glendale to vote on sales of Bank of America office building and Glen Lakes Golf Course. Mike Sunnucks files a quick-hitting RLGR report looking ahead at today’s city council action concerning both sales.

For-sale inventory down 10% in November. The “shortage of available homes for sale is accelerating,” according to®, which has Phoenix second only to San Diego among metros seeing the “sharpest drop in inventory.” (via Builder).

The future of real estate? Let’s ask Century 21’s CEO. A Forbes Q&A with CEO Mike Miedler, who shares “thoughts on everything from shifting demographics and people development to the experience economy and collaborating with Eva Longoria.”

Taylor Morrison ads Alexa to sales team. “Alexa, buy me a house.” Builder reports that home shoppers “can now get info and even driving directions to Taylor Morrison communities from the Amazon device.”

Maricopa County helps fund new health campus. “The Maricopa County Industrial Development Authority, backed by the Board of Supervisors, is investing $2.5 million in the construction of the Creighton University Health Sciences — Phoenix Campus.” YourValley.

Attesa submits final plans to Pinal County, hopes to start construction next year. Danrick Builders eyes a spring groundbreaking for Attesa’s Arizona International Raceway, which is “slated to be built on 2,300 acres south of Interstate 8 between Montgomery and Bianco roads.”

U-Haul is building new multi-million-dollar facility in Phoenix. Happening now, along Roanoke Ave. in DT Phoenix, U-Haul is breaking ground (or was slated to) on its new state-of-the-art conference and fitness center, “which is set to be the showpiece of its ongoing campus expansion.” AZRE.

[SLIDESHOW] Inside the Element by Westin Hotel in the Village of Oak Creek. The new hotel doesn’t officially open until early January, but Larson Newspapers was recently offered a sneak peek. Check out the 48-pic slideshow in Red Rock News

Pollack: Good news, bad news. While last week’s data was mixed, The Monday Morning Quarterback notes that “continued but slower growth in the economy remains intact.” Stat snapshots include: U.S. • Employment • Wages • Consumer Sentiment • Mfg. • Construction Spending • Energy Independence. AZ • Resale Housing – Supply & Demand.

L.A. Is spending over $1 billion to house the homeless. It’s failing. “Los Angeles, which has the largest unsheltered homeless population in America, has failed to deal with what’s become a public health and humanitarian crisis.” Reason.

Cameron’s $5M + deals of the day –

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

Congratulations to Rose Law Group client, Sunrun, on being named ‘Disrupter of the Year’ by Utility Dive! “The solar and storage developer has been pioneering new business models to increase aggregation of distributed resources.”

Impeachment hearings: Rep. Greg Stanton sees ‘cover-up’ where Rep. Andy Biggs sees ‘bias.’ “Arizona’s three members of the House Judiciary Committee remained in their partisan corners on impeachment Monday.” AZCentral (ALSO, from The Hill: “Democrats unveil articles of impeachment against Trump.”)

Mesa bans vaping in workplaces, public places. City Council approved an ordinance Monday that adds vaping to the City Codes to restrictions on cigarette and other tobacco smoking. RLGR.

Petersen in talks with Maricopa County on resigning amid adoption scandal. “Emails obtained by 12 News show both sides are at odds over severance. Negotiations continued over the weekend after the release of an investigative report.”

Lawsuit: APS refused to pay Texas maintenance company nearly $900,000. “Saulsbury Industries, based in Odessa, filed its complaint in Arizona U.S District Court on December 7.” New Times files the report.

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December 2019