The Dealmaker: 12/16/2019

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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

Will public decide Southbridge Two’s fate? (Disclosure: Rose Law Group represents Spring Creek Development.) Carter Unger, president of Spring Creek Development, responds to a PAC’s concerns over Scottsdale-approved Southbridge 2.0 — and counters with a proposal. SP.

[OPINION]SouthBridge Two is just what downtown Scottsdale needs. Lawyer and longtime city resident Jim Derouin shines a bright light on several “outlandish” statements that have been peddled by critics of SB 2.0, untruths he cites among his reasons for urging “residents not to sign any petition that would refer this issue to the 2020 ballot.” SI.

[OPINION] Consistency in governing? Or chaos and grandstanding? Scottsdale resident Jim Norton wonders: Why the municipal “outrage” from a few “over SouthBridge 2,” when it’s “being built by a second generation locally owned developer with a superb history of putting up quality projects,” and is “almost exactly what the Architectural Guidelines and Canal Development plan call for?” Norton provides his answer in SI

Millions of dollars ride on E. Mesa vote. (Disclosure: Rose Law Group represents Hawes Crossing.) “[T]he massive Hawes Crossing development is heading toward a vote by the Mesa City Council in January, with only one member opposing it and millions of dollars riding on the decision.” EVT.

Small businesses sought for arena renovations. (Disclosure: Rose Law Group represents the Phoenix Suns.) “Local subcontractors have an opportunity to submit scopes of work and be part of the $230M Talking Stick Resort Arena renovation,” helping to transform it into a “state-of-the-art sports and entertainment facility.” Details in AZBEX

Alliance Metals: Holding P&Z meeting in Wenden was “irregular.” (Disclosure: Rose Law Group represents Alliance Metals.) The La Paz County hearing concerning Alliance’s proposed aluminum recycling facility was moved from its usual location in Parker in what “appears to be a politically motivated effort to ‘stack the deck’ against bringing new jobs and increased tax revenue to the county.” PP.

Phoenix to vote on rezoning for apartments on site of shuttered hotel on light rail. City Council will vote this week on Alliance Residential’s plans to redevelop a former hotel property at Camelback and 7th Ave. into a 284-unit apartment complex under company’s Broadstone brand. Reporter Mike Sunnucks previews in RLGR

Bids due this week for downtown redevelopment of historic American Legion property. The city of Phoenix is accepting proposals to redevelop the property at Polk and Van Buren for a mixed-use project. Learn more in this RLGR report from Mike Sunnucks.

Tucson rezones thousands of acres for Atterbury Trails. “The 2,590-acre PCD is a portion of the 7,800-acre Houghton Road Corridor Planned Community Development.” Check out the land use plan in this report from RED News

Affordable inland metros poised for most growth in 2020. Two Arizona markets are “set to sizzle” in 2020, with one landing among®’s top three projected growth markets in the country.

Real estate agents reveal the hottest markets for the next 10 years. “Business Insider spoke to real estate agents and experts [including one in Scottsdale] who predicted what the 15 hottest real estate markets will be in the new decade.”

Tempe election: Mayoral and City Council candidates sound off at Republic debate. “Candidates for Tempe mayor and City Council responded to questions about growth, tax breaks and affordable housing.” AZCentral.

Sedona, Verde Valley housing study gets funding. Sedona has contracted “Elliott D. Pollack and Company to do a study on housing needs,” and the city has “offered other municipalities in the area a chance to be included.” RRN.

Beverly Hillbillies estate sells for less than initial asking price — still breaks record. [VIDEO]. Yep, if you were a fan of the show, you may have seen Jethro, Granny, Uncle Jed and Elly May at this L.A. estate known as Chartwell — palace, that is — which has reportedly sold for $150 million. Get a rundown and take a 13-minute video tour of this Cali record-setter in Forbes.

Dealmaker BONUS – Rose Law Group promotes Logan Elia to partner. “Logan pioneered Arizona’s most respected cyber defamation practice and has established himself as a national expert in the field.” Much more on Logan Elia and his promotion to RLG partner in Scottsdale Independent

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

Arizona drops plan for takeover of federal Clean Water Act permitting. ADEQ has “scrubbed plans” to take over permitting after “opposition from virtually everyone concerned about the issue,” including “environmentalists, county governments, home builders and Indian tribes.” Daily Star.

Arizona attorney general contacts APS about price tool debacle. “APS confirmed to 12 News Friday the company was contacted by the law enforcement agency and is cooperating.”

APS knew of flaws in Its rate comparison tool back in 2017. -> Which is “contrary to the utility’s claims that it learned about those problems only in November.” That, “according to a filing by Arizona Corporation Commissioner Sandra Kennedy on Friday.” New Times.

Where do Arizona’s 11 congressional members come down on impeachment?Cronkite News “examined official statements and social media posts from Arizona’s senators and representatives to determine who is for or against the impeachment of the president.”

Arizona Coyotes, winning more games and drawing larger crowds, will stay in Glendale next season. “The short-term nature of the lease [at Gila River Arena] leads to constant speculation about whether the Coyotes will leave Glendale with little notice.” AZCentral.

SNL: George, Kellyanne Conway’s marriage and ‘Weekend Update.’ George (Beck Bennett) and Kellyanne Conway (Kate McKinnon) say what they love about each other in a therapy session. WATCH.

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December 2019