The Dealmaker: 12/24/2019

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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

[OP-ED] Scottsdale needs to let go of the past. (Disclosure: Rose Law Group represents Spring Creek Development.) Planning Commission member Larry Kush highlights why passage of a “no growth referendum” — and a future without Southbridge 2.0 — is no future at all for Old Town. SI.

[OP-ED] Why I support Southbridge and doubt the referendum. Community advocate Jason Alexander details his support for Southbridge 2.0, as well as his “reservations about the Southbridge referendum.” SI.

Belfiore:Phoenix housing market ends 2019 with a bang. The Valley’s housing market is making quite a bit of noise as we head into 2020. And real estate consultant Jim Belfiore doesn’t expect it to quiet down anytime soon. RLGR.

Arizonans of the Year [VIDEO]. Water officials Tom Buschatzke and Ted Cooke are among those named “Arizonans of the Year” by the Chamber show “Request To Speak.” And Nikola Motor Company CEO Trevor Milton gets a shoutout as a candidate in 2020 — for leading a company that could “change the way we do transportation in the entire world.”

New homes proposed on Shea Boulevard in Scottsdale. Blandford Homes has subdivision plans for a 10-acre lot at Shea and 128th. Sunnucks has the info in RLGR

PV mansion once owned by Kurt Warner sells for $3.1M. But it’s a different mansion, a “10,634-square-foot home” in “the Upper Canyon of Scottsdale’s Silverleaf at DC Ranch,” that scores top-deal honors in AZCentral’s latest rundown of posh-home purchases.

Wood Partners opens Phoenix property. Multi-Housing News delivers a quick rundown of Alta North Central, the new 229-unit luxury community from Wood Partners located near 7th St. and Maryland. 

Here’s how the number of Phoenix renters has skyrocketed. “In the past decade, the Phoenix Metro area saw a positive net migration of 42,000 renters.” How many new rental digs went up to accommodate the influx? Get the local lowdown, plus take in the national picture, at AZRE

10 businesses opening or expanding in the SE Valley. “The area has become a hotbed for innovation and technology as companies capitalize on Arizona’s business-friendly environment, low cost of doing business, skilled workers and quality of life.” AZCentral (Subscriber Content).

Contractor threatens co-op residents’ wallets. The “dust-up” is the latest in an ongoing “problem that has exposed gaps in… legal protections for co-op members and exposed Scottsdale East Homes residents to alleged mistreatment by the board, its management company and contractors.” SP.

Year in Review: Flag development stays steady as city regulations begin to catch up. Zoning changes, affordable housing, senior living facilities, plus the (eventual) 1,000-home Canyon Del Rio development from Capstone Homes were among Flag’s top RE stories in 2019. DS.

Decade in review: Flag student housing emerges after Great Recession. “The development around Flagstaff focused heavily on student housing during the past decade, leading to multiple projects creating a significant response within the community.” DS.

Council hears presentation on ‘biggest investment ever in Parker,’ a large hemp facility. To be built by the Calyxar Group, the $25 million hemp processing facility is estimated to create nearly 100 jobs and produce substantial tax revenue for the town, county and state. ParkerPioneer.

Dealmaker BONUS -After Don Bolles: Mobsters, big money and the forgotten history of Arrowhead Ranch. In the 70s, Republic investigative reporter Don Bolles “suspected the mob was tied to Arrowhead Ranch, one of the most fruitful citrus farms in the state.” Those suspicions “would help fuel his final act as a reporter.”

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

[VIDEO] Here are 10 of the best Christmas commercials of all time. “Whether silly and fun, or heartwarming and serious, here are some of the best holiday commercials of all time.” Deseret News via KTAR.

How to stay sane in an election year. This article from NYC-based psychologist Avi Klein in Apple News warns plethora election news might be damaging to your health.

Organization seeks ballot proposal to change Arizona’s sentencing laws. “The proposal by the American Friends Service Committee would… allow judges to impose shorter prison terms in cases of ‘nondangerous offenses’ ” A CMS/Howard Fischer report in Daily Star

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December 2019