Wednesday, October 21, 2020 11:28 pm

The Dealmaker: 1/6/2020

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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

Bidding on a classic car this month? Know what numbers matching means. As Scottsdale gears up for car auction season, Rose Law Group attorney Eric Hill, who works in the fields of automotive investment and renewable energy, explains the importance of “numbers-matching” when it comes to verifying a car’s originality. RLGR.

Future of Old Town Scottsdale is in limbo [VIDEO]. (Disclosure: Rose Law Group represents Spring Creek Development.) What will happen to Southbridge 2.0 should opponents prevail in derailing the project? See what Spring Creek Development president Carter Unger says in azfamily

Critics of Scottsdale’s Southbridge II turn in enough signatures to earn public vote. But as AZCentral reports, “the referendum is likely to see a challenge before it makes it on the ballot.”

Opportunity Zones: Why local-first developers and funds are essential; Dan Gauthier, Rose Law Group transactional attorney handling many O-Zone investments, comments. Dan Gauthier tells RLGR that OZ funds with “a community-focused vision are in a better position to attract like-minded community-focused investors.” This Forbes report examines what a “roadmap to success” will “look like” for both community-focused OZ investors “and the low-income areas the program is designed to help.”

Mission Royale neighbors object to smaller homes. A recent Casa Grande P&Z Commission meeting saw a “handful of Mission Royale residents” voicing opposition to smaller home designs proposed by Meritage. CGD.

Peoria home sellers getting top price. In December, “Peoria home sellers got almost everything they wanted,” according to a RealtyHop study, which shows that “the West Valley is one of the ‘healthiest’ real estate markets in the country.” PT.

Peoria eyes ‘economic generator’ in Stadium Point development. “There will be new places to shop, eat, drink… There will be a new hotel for family and visitors. And new neighbors moving into the neighborhood… But don’t get too excited, just yet.” PT.

New Class A office building proposed at ASU Sky Song. SkySong 7 is proposed for the northwest corner of Scottsdale and McDowell. More info in this Mike Sunnucks’ report for RLGR

Scottsdale ranks as top 2020 job market in U.S. That according to a new WalletHub report, which also ranks two other Valley cities among the top 10 places for jobs. RLGR.

Town committees shed light on topics top of mind for PV. “Paradise Valley Town Council heard presentations from the chairmen of its three volunteer groups — Historical Preservation Committee, Board of Adjustment and Planning Commission.” PVI has a roundup.

The stories that defined Queen Creek in 2019.  Encanterra and State Trust land annexations. Johnson Utilities. The Gateway Freeway extension. Check out those and the other “biggest stories of 2019” in QCI

How Glendale’s $400M infrastructure investment is paying dividends. The city’s “strategic infrastructure and capital investments” have “been years in the making” — and they’ve created a “world-class environment for businesses large and small to thrive.” AzBigMedia.

Mesa triplex used in Paul Petersen’s adoption business sold; profits seized by state. “$129,000 in net proceeds from the sale are subject to a seizure order that includes other homes, offices and bank accounts belonging to Petersen and his wife, Raquel ‘Rocky’ Petersen.” AZCentral. 

Valley cannabis company to pay $35M for Nevada cultivation facility. Harvest Health has signed a deal to buy “the 32,000-square-foot structure in Cheyenne, Nevada, a suburb of Las Vegas, from MJardin Group, a cannabis management platform.” PBJ (Subscriber Content).

House GOP leader’s bill would bar cities, counties from stopping private border wall construction. Warren Petersen’s bill “would bar cities towns or counties from requiring a corporation or nonprofit to obtain a building permit for a wall on or adjacent to the U.S.-Mexico border if certain criteria are met. AZ Mirror.

BIG DREAMS – ‘Americano!’ is this year’s buzz-worthy show. Americano! is a story so powerful that The Phoenix Theater is staging it as part of its 100th anniversary season…. It could be one of the most important new works of 2020.” The Entertainer Magazine.

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

Arizona families caught in middle of debate over ‘conversion therapy’ ban; Rose Law Group Family Attorney Audra Petrolle approves of the ban. The “discredited practice of trying to ‘convert’ LGBTQ people” is “only banned for minors in Pima County.” But a Valley mom, who struggled with suicide after her own “conversion” experience, is trying to change that. azfamily • Audra Petrolle tells RLRG that the ban “appears to be tailored toward reducing the trauma suffered by these involuntary converts.”

[GUEST OPINION] Water wars. “Powerful interests are lining up to move water from river communities to Phoenix and Tucson. Those communities need a veto.” By: Former Arizona governor and former U.S. Secretary of the Interior, Bruce Babbitt, in AZCentral.

Time to move faster on cutting Colorado River use, conservationist warns. “The Lower Basin states of Arizona, California and Nevada need to cut total water use by 18% from their 2000-2018 average to bring Lakes Mead and Powell into a long-term state of balance.” DS.

Redistricting Arizona: Will increasingly politically diverse state remain a GOP stronghold? “Arizona activists, academics and politicians” are paying close attention to “the state’s Independent Redistricting Commission… which is in charge of drawing Arizona’s new congressional and state legislative maps every 10 years after each census.” DS.

[GUEST OPINION] House Code of Conduct should include funds for time-out chairs. “Name calling. Bullying. Making faces. Walking out of a room mid-conversation. Refusal to listen. Playground behavior among 10 year olds? No. This is what happened daily during the 54th Legislature First Regular Session.” A “guest opinion” PAYWALL piece in ACT

Initiative campaign asks judge to order state not to enforce election law. “An organizer of a campaign to rein in title loans is telling a federal judge that Arizonans won’t get to decide the issue in November unless she blocks enforcement of a law on how initiative signatures are disqualified — and soon.” A CMS/Howard Fischer report in ACT.

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