The Dealmaker: 12/20/2019

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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

A proposal for Scottsdale’s future. (Disclosure: Rose Law Group represents Spring Creek Development.) “The approval of Southbridge II is the dawn of a new era for Old Town Scottsdale.” By: Melissa Rein Lively, Scottsdale resident, founder of The Brand Consortium PR.

Court Rich, Rose Law Group co-founder and renewable energy director, talks ACC’s recent solar decision with KJZZ. “The Show” interviewed Court Rich Thursday. Listen via the link in RLGR

Belfiore on “The Year in Housing”: Call It a comeback. The market started off with a stumble but ended with a bang. That’s the big takeaway from real estate consultant Jim Belfiore, who will give a full rundown on the year in housing and look ahead to 2020 at his 9th Annual AZ Dealmakers at the Westin Kierland Resort & Spa on January 23. Reporter Mike Sunnucks has a preview of the event — and more Belfiore takeaways —  in RLGR

Economic indicators illustrate strong Phoenix metropolitan housing market. “With reportedly more than 200 human beings moving to Maricopa County every day, real estate experts contend calendar year 2020 could be a boom year in Arizona real estate.” PVI.

Top Valley residential real estate stories of 2019. “It was a hot year for residential real estate in 2019 as population and job growth fueled demand for new housing projects.” Check out the year’s hottest stories in PBJ’s month-by-month rundown. (Subscriber Content).

New Loop 202 South Mountain Freeway to bring major development. “A challenge for city officials going forward… is maintaining their vision for a high-tech job corridor as housing developers seek to turn the land into more rooftops.” AZCentral (Subscriber Content).

Officials break ground on 78 affordable housing units in downtown Phoenix. “Monroe Gardens Apartments will replace the A.L. Krohn East public housing complex at Monroe and 15th streets in the low-income Edison-Eastlake neighborhood.” KTAR.

Downtown Tucson tower could be home to hotel. “Opwest Partners want to to pour $38 million into the project that would put 150 hotel rooms [along with meeting space, restaurant and fitness center] into the first eight floors of the 23-story tower at 1 S. Church.” Daily Star.

Old Town apartments sell for $96 million. Wood Partners has sold the 277-unit Alta Drinkwater apartment complex to Starwood Capital Group. Mike Sunnucks delivers transaction info and also hits us with some local rental-market data — in RLGR

See what Arizona city makes this national list for more affordable places to rent. A new study by RefiGuide identifies the most affordable rental markets in the U.S. This RLGR report from Mike Sunnucks zeroes in on the only city in Arizona and the Western U.S. to make the top 50 for rent affordability.

Most wish-listed Airbnb homes in 15 Arizona cities. Swipe through this 60-pic SLIDESHOW at azfamily to see homes throughout the state that Airbnb users have their eyes on for a “possible future stay.”

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

Attorney Kenny Ho joins Rose Law Group Litigation Department. You could say that RLG Litigation Dept. is definitely going to get a kick out of Kenny Ho. Not only does he have experience in health care, immigration and employment law, but he’s also a highly skilled practitioner of Taekwondo. Tap out to RLGR to learn more about Kenny Ho.

Hoffman says vaccine exemption, Pledge of Allegiance bills unnecessary; ‘exemption could invite litigation,’ says Rose Law Group family attorney Audra Petrolle. SPI Kathy Hoffman talks to KTAR about the bills — one would prevent “schools from requiring vaccinations,’ the other would require students to recite the pledge. • In RLGR, Audra Petrolle highlights how both have potential to spark conflict between “divorced couples who share joint legal decision making authority.”

Indicted County Assessor Petersen’s co-defendant to testify against him. Lynwood Jennet, who yesterday pled guilty to “various charges” related to the “alleged illegal adoption scheme,” will “testify against” Paul Petersen “in exchange for the state dropping 45 other changes.” ACT. 

APS put ‘unjustified gag order’ on commissioners over AG probe. “Shhhhhh” was the word from APS to the ACC about an AG probe into problems with the utility’s rate comparison tool. “Yet two days later, APS disclosed the investigation to 12 News.” ‘Sup with that? NT looks into it.

Officials assess passage of new trade agreement with Canada, Mexico. In CN, Reps. Andy Biggs, Greg Stanton and Raul Grijalva, along with Chamber of Commerce CEOs Olivia Ainza-Kramer and Glenn Hamer each weigh in on the “agreement that could affect billions of dollars in annual trade for Arizona.”

GOP legislator challenges Phoenix airport fees on Uber, Lyft. Rep. Nancy Barto (R) “followed through on her threat to challenge… newly approved fees on rideshare companies… that operate at Sky Harbor.” AZMirror.

Union legislation comes with warning for Democratic lawmaker. (PAYWALL) “You need to watch out.’” That was the message for Rep. Richard Andrade after the Glendale Democrat proposed public safety legislation for railroad crews operating in the state. The story in ACT

First-In-nation ruling sets Calif. off to bright new year. “Come Jan. 1, all new, single-family homes in Calif. must be built with solar paneled roofs, or some other solar power system.” Governing.

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December 2019