The Dealmaker: 12/11/2019

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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

Water cutbacks set to begin along the Colorado River. “Arizona, Nevada and Mexico will start taking less water from the Colorado River in January as a hard-fought set of agreements kicks in to reduce the risk of reservoirs falling to critically low levels.” AZCentral.

Plans revealed for $157M Valley office project on tribal land. “The new development, called the Sydney, will be built at the southeast corner of Pima Road and Loop 101, directly south of another planned Palmer Development project, the Edge.” PBJ (Subscriber Content).

GLENDEAL! – Glendale approves sales of downtown office building, golf course. And Glen Lakes Golf Course went to a builder who wants to build new homes on the 43-acre site at Northern and 55th Ave. A bit more info on the deal from reporter Mike Sunnucks in RLGR

Maricopa’s first apartment complex approved by P&Z. After much discussion concerning parking for the city’s “first-ever” apartment complex, commissioners on Monday voted in favor of the “controversial” project. MM.

Here are NAIOP Arizona’s 2020 legislative priorities. “NAIOP is ready to engage in important debates related to tax policy, education funding and economic freedom.” Get highlights and read the agenda in full via RLGR.

Here’s where healthcare construction is booming in Arizona. Mayo, HonorHealth, Dignity, Banner, Abrazo and Valleywise are among the healthcare companies fueling the boom with projects planned, ongoing or recently completed throughout the Valley. AzBigMedia.

Cambria Hotel Downtown Phoenix opens in Roosevelt Row. The $26- million, seven-story, 127-room hotel from developer True North Studio is now open in the Roosevelt Row Arts District. AzBigMedia has an up-close look.

Co-working space to open at Benedictine University. As a key part of its “attempt to establish a downtown innovation district,” Mesa “will spend up to $2 million to renovate Benedictine University’s downtown campus and facilitate the school’s new partnership with Co+Hoots,” reports AZCentral.

Taliesin West to undergo preservation upgrades. FLW Foundation VP of Preservation, Fred Prozzillo, discusses the “unique and challenging” aspects of preserving Wright’s Taliesin homes East and West, both of which the architect saw as “ever-changing laboratories.” SI. 

Historic Phoenix home restored, turned into bed and breakfast, event space. Go inside the revamped Norton House via this PBJ report featuring a 22-pic slideshow of the historic home, which has been sitting there off Washington Street since 1895. (Subscriber Content).

Snooze will open in Circles Records building. The jazzy building near Central and McKinley that formerly housed Stewart Motor Company and Circles Records & Tapes will soon open as a Snooze eatery — with “a few features not found at other Arizona locations.” New Times.

Sip and shop this holiday season at Desert Ridge Marketplace. Vestaand Desert Ridge Marketplace invite you to get into the holiday spirits — at the only shopping center in Arizona where you can stroll with a cocktail in hand.

Scottsdale, Gilbert among top U.S. cities for remote workers. That finding per e-commerce firm Volusion, which ranked U.S. cities by the proportion of workers who work remotely. If you’re even remotely interested in this news, you won’t have to navigate too far, as reporter Mike Sunnucks has it in RLGR

Chandler approves scooters rules, works on parameters for e-scooter companies. Mike Sunnucks previewed action on new rules yesterday in RLGR. Today, he covers their approval.

Former Chandler Mayor Coy Payne dies at 90. As “the first African American mayor in Chandler and in Arizona,” Coy Payne “was known for his roles as a consensus builder and facilitator and helped lead the city as it underwent unprecedented growth in population and businesses.”AZCentral.

Dealmaker BONUS:Pinal’s history full of unique tales. A courthouse clock with hands that have never budged for 130 years. The unearthing of a mummy at the same site. TVD has the stories behind these and other peculiarities, including an “unlikely Pyramid,” an “infamous execution” and A-list celebs who’ve “practiced their craft” in Pinal.

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

Check out Wallet Hub’s “2019’s Neediest Cities.” See which Arizona cities were found wanting when it comes to key indicators of “Economic Well-Being” and “Health & Safety.”

APS used backdoor charitable donations to sway regulators, report warns. “$39 million in philanthropic contributions” that, per an Energy and Policy Institute report, were used to “manipulate politics, policies and regulation in ways designed to increase shareholder profits.” New Times.

Trump barred from building border wall with military funds. “The decision by [U.S. District Judge David] Briones could hinder the ability of lawmakers to agree on a fiscal 2020 spending bill package this week where border wall funding is once again a key stumbling block…” Bloomberg.

O’Halleran not among Democrats favoring censure of Trump. A formal rebuke of President Trump rather than impeachment? Some “vulnerable” Ds are considering it. Rep. Tom O’Halleran isn’t. Arizona’s Politics (MORE: “Articles of impeachment against President Trump.” CNN).

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December 2019