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The Dealmaker: 12/17/2019

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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

[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. http://bit.ly/2rMxD0o

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). http://bit.ly/2EpG7wP

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. http://bit.ly/36L28SW

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. http://bit.ly/34so0Rt

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 Builderhttp://bit.ly/38LPMMg

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. http://bit.ly/2Pxxhnf

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 RLGRhttp://bit.ly/38K5vM1

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. http://bit.ly/35w4F37

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. http://bit.ly/38LZ4YF

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. http://bit.ly/2EDSllX

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. http://bit.ly/2PXQn4L

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

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 Newshttp://bit.ly/2EqihB4

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