The Dealmaker: 12/17/2019

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[OPINION] Old Town store owners, residents opposing SouthBridge 2 is an agreed upon lie. (Disclosure: Rose Law Group represents Spring Creek Development.) Scottsdale Planning Commission member Larry Kush exposes “the Big Lie” being spread by an Old Town anti-growth group scheming to reverse City Council’s approval of SouthBridge 2.0. SI.

Year in Review 2019: New offices, acquisitions and land buys topped Valley’s tech news. (Disclosure: Rose Law Group represents Saint Holdings.) PBJ goes month by month, looking back at the past year’s tech headline-grabbers — including stories on Nikola Motor Co., Saint Holdings and Lucid Motors Inc. (Subscriber Content).

Pollack: Housing market continues to sizzle.The Monday Morning Quarterback sneaks in news on Arizona’s hot housing market in a report packed with a wide-range of economic data, including: US: • Trade Skirmish • Interest Rates • Consumer Prices • Retail Sales • Mfg.  AZ: • Home Permits – Phoenix • Housing Inventory – Tucson.

Builder confidence highest in two decades. “Home builders ended the year with an apparent outbreak of euphoria,” sending the NAHB/Wells Fargo HMI “soaring to its highest reading since June 1999.” MND.

A ‘BOLD’ MOVE -Investment group starts land development fund. Phoenix-based Walton Global Holdings goes BOLD, with its Builder Option Land Development fund that “offers investors the opportunity to participate in the current growth of the home building market.” Details in Builder

Larger hotel part of Scottsdale development agreement amendment. The “development agreement called for Nationwide Mutual Insurance Company to build” an HQ campus at Hayden and Legacy. That agreement “will now include a full service hotel rather than two select service hotels.” SI.

Prominent developer looks to rehab Scottsdale Road building. Clayton Companies is looking at tearing down part of an existing commercial building near Oak St., while expanding and upgrading other areas of the property. Reporter Mike Sunnucks has more info in RLGR

Arizona shines in residential solar installations, retains top 10 ranking nationwide. The U.S. Solar Market Insight report has us “ninth so far this year in total solar installations.” Get report highlights and access it in full via PBJ.

Loop 202 opening nears, awaiting final state inspection. “But the department is hosting a pre-opening event on Dec. 18 to highlight the anticipated opening of the Congressman Ed Pastor Freeway.” PBJ.

Gilbert looks at Heritage District intersection, pedestrian improvements. Gilbert Council is scheduled to vote Thursday on awarding a contract to look at intersection safety, layouts and potential improvements. RLGR.

Maricopa mayor makes bid for re-election. Maricopa Mayor Christian Price “just doesn’t feel done working for Maricopans.” Transportation and economic development will be among his top priorities moving forward. MM.

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Arizona veterans of Clinton impeachment see similarities, deeper divides. Former Reps. Matt Salmon and Jim Kolbe, and former Sen. Jon Kyl give their takes in Cronkite News

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December 2019