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The Dealmaker: 1/21/2020

Posted by   /  January 21, 2020  /  No Comments

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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

Rose Law Group is looking to hire a full time Planner/Project Manager to join the Zoning and Land Use Law team. Duties include managing entitlement and permit processes for clients, creating exhibits and presentations, neighborhood relations, research, problem-solving and more. Pay is competitive. The work is fun, exciting, challenging, and often includes some of the most high-profile projects in the state. More info here: http://bit.ly/35zCdwy

Officials praise appeals court ruling county road tax can proceed. (Disclosure: Rose Law Group represents a coalition of property and business owners throughout Pinal County who have worked to bring new transportation infrastructure to the county.) Pinal County BoS Chairman Anthony Smith, County Manager Louis Andersen, and AJ Mayor Jeff Serdy all weigh in on the “great victory.” Flo Reminder. http://bit.ly/2RfqXli

RTA ruling may boost SR 347. The positivity continues at InMaricopa, as Maricopa Mayor Christian Price and City Councilmember Vincent Manfredi comment on what last week’s “huge” Court of Appeals’ ruling could mean for Maricopa and the region. http://bit.ly/37gYAsi

Ethics charges fly in referendum drive. (Disclosure: Rose Law Group represents Spring Creek Development.) SP shines a light on campaign financials and ethical issues surrounding signature gathering by the Committee for the Protection of Old Town Scottsdale, a PAC bent on killing Southbridge 2.0. http://bit.ly/38qIMDr 

Lack of Valley inventory big catalyst for new home sales in 2020, Belfiore says. The message delivered by real estate consultant Jim Belfiore to homebuilders at his recent market update: “It’s going to be a busy spring. Don’t go on vacation.” PBJ (Subscriber Content). http://bit.ly/37qjJ3D

Metro Phoenix million-dollar home sales jump — but who’s buying them? “Sales of homes priced at $1 million or more in the Phoenix area have jumped 36% during the past six months,” with “Hippo Boy” and “Happy Golfers” among the purchasers. AZCentral (Subscriber Content). http://bit.ly/2G9A0xH

Toll Brothers buys in Central Phoenix. With plans for a luxury apartment project, Toll Brothers has purchased a “four-parcel site” at the NWC of Central and Indian School. Deal and development info in AZREhttp://bit.ly/2GdkH72

Infill townhouses planned in Chandler. City Council votes on the project Thursday.  Mike Sunnucks reports on it today in RLGRhttp://bit.ly/2RCvaOH

5-story hotel proposed for Tempe’s 2100 Rio Salado. Tharaldson Hospitality Development recently submitted plans for a Staybridge Suites hotel as “part of the 2100 Rio Salado mixed-use development.” Rundown and rendering at AZBEX. http://bit.ly/36l5Xhm

AIRBNBOO! – 102-year-old Edwards Hotel could reopen as Airbnb. “Plans to turn Old Town Peoria’s dilapidated Edwards Hotel into a haunted vacation destination stalled for more than two years, but owner Dan Halbert hopes to finally have it up and running.” AZCentral (Subscriber Content). http://bit.ly/2v2udYn

Developer pulls Villa Bellaggio project from consideration. Plans for the “Italian-style village made up of houses, apartments, business area and wineries off Oak Creek Valley Road” have been “put on hold for the foreseeable future.” RRN. http://bit.ly/3avaXDd 

Possible Flag development highlights Southside neighborhood’s civil rights history. The Mayor bar in Flagstaff was once a restaurant that “had a policy not to serve black customers.” Now, “a developer has proposed to turn a large section of the block containing The Mayor into an apartment building.” Daily Sun. http://bit.ly/2sOHkvI

Chandler to consider plans at Lotus development. Conor Commercial Real Estate has already built the first phase at the Lotus Project. In RLGR, Mike Sunnucks reports on plans for a second phase. http://bit.ly/3az8nMn

Phoenix water pipeline likely to avoid precious preserve lands. “A Phoenix Water Services project will most likely still go through the Phoenix Mountain Preserve, but an alternative route has been announced to slightly change the plans.” PVI. http://bit.ly/2RBKV8O 

Ranking says Phoenix is a top 50 city in the world. Tourism website Best Cities also ranked Phoenix as “the No. 18 best large city in the United States in its annual list.” Read about in KTARhttp://bit.ly/2ukDbQB 

She almost lost her home in California’s wildfires. Instead she built a $200M business. “Seeing opportunity in the ashes, Nikki Pechet set out to reinvent home building with software designed to cut the delays and cost overruns that plague the industry.” Forbes. http://bit.ly/2NMx0vr

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

U.S. Chamber to push for 500,000 new startups in 2020. Less regulation in Arizona, notes Rose Law Group Corporate Attorney Shruti Gurudanti. Chamber CEO Tom Donohue outlined the “startup revival” plan at his recent State of Business Address. • Commenting in RLGR, Shruti Gurudanti spotlights two of Arizona’s pro-business advantages: Fewer regulatory burdens, and our state’s new LLC Act. http://bit.ly/2tCoeJq

5 things Arizona cities can’t do thanks to state pre-emption laws. Airbnb. Guns. Plastic Bags. Zoning. Sick Leave. Minimum Wage. That’s six, but who’s counting. A report by Steven Hsieh in New Timeshttp://bit.ly/2TJWUDW

How do Sens. Kyrsten Sinema, Martha McSally view impeachment trial? Here’s your guide. “Sinema, an Arizona Democrat, and McSally, an Arizona Republican facing voters on the 2020 ballot, have approached the trial differently.” AZCentral (PAYWALL). http://bit.ly/30EtZ5F

Rep. Thorpe targets student, ‘snowbird’ voting changes in proposal. HB 2461 “would create an exception to existing law that says someone is a resident for voting purposes.” A Daily Sun report from Howard Fischer. http://bit.ly/2TKAH8P

Panicking about your kids’ phones? New research says don’t. “A growing number of academics are challenging assumptions about the negative effects of social media and smartphones on children.” NYT. http://bit.ly/2RCV6tF

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  • Published: 2 months ago on January 21, 2020
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  • Last Modified: January 23, 2020 @ 4:40 pm
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