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The Dealmaker: 3/18/2019

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
 

 
 

 

Phoenix one of the hottest data center markets. How hot? CBRE Senior VP Mark Krison: “In the last 24 months, about 900 acres of land has been bought by data center developers… Nowhere else in America is this happening. This is a really big deal.” PBJ (Subscriber Content). http://bit.ly/2UPdFLm

Goodyear uses strong planning, leadership to lure industrial development. Having “crafted policies” that “attracted major companies like Amazon, Ball Corp., Chewy.com and Dick’s Sporting Goods to build manufacturing and distribution centers,” Goodyear “is “beginning to make inroads in attracting data center development” as well. AzBigMedia. http://bit.ly/2OjC4GR 

Jerry Colangelo, Mike Ingram have long history of getting things done  PBJ has more on the partnership of “the two biggest powerhouses in real estate,” Jerry Colangelo of JDM Partners and Mike Ingram of El Dorado Holdings, and their plans for the massive Douglas Ranch MPC. (Subscriber Content). http://bit.ly/2TIJEk2

Mesa land auction rekindles a stormy past. The history of the 132-acre parcel at Thomas and Recker “includes two failed attempts to build housing and one failed attempt to build a park, fears of industrial development near tony Red Mountain Ranch, and a development company’s attempt to influence an election. On Thursday, the city will put up for auction that huge parcel — adding a new chapter to that stormy history.” EVT. http://bit.ly/2UHilTP

Surprise City Council OKs Texas Rangers housing facility, sports lab. (Disclosure: Rose Law Group represents TR Surprise.) “When it opens in January, the Rangers will become the only team in Major League Baseball to own a dorm-like facility that will keep players near their spring training and minor league facilities. And it will also solidify the team’s commitment to staying in Surprise long-term.” YourValley. http://bit.ly/2HtrJY7

Alta Raintree a “mixed-use residential synergy.” From Wood Partners comes a proposal for Alta Raintree, a “four story, 330-unit multifamily development” that would blend “with the mix of surrounding retail on the +/-13.08-acre site… near the NWC of Raintree Drive and Pima.” BEX. http://bit.ly/2F67RXe 

Planning Commission recommends Smoke Tree SUP denial. Although the commission voted 4 to 3 to “recommend denial of Smoke Tree Resort’s Major Special Use Permit Amendment for “a complete rebuild,” there was one commission member among the nays who “said he wants the project to be done, but done right.” PV Independent. http://bit.ly/2Y6pwqL

Dealmaker BONUS: Phoenix Rising FC’s stadium renamed Casino Arizona Field. (Disclosure: Rose Law Group represents the Phoenix Rising.) “Phoenix Rising FC and Casino Arizona have entered a multi-year contract agreement for the naming rights of Phoenix Rising Sports Complex, the team announced Friday… The new name has already been implemented around the stadium, including the scoreboard and barricades around the field that will also display the logos of both Casio Arizona and its sister property Talking Stick Resort.” Arizona Sports. http://bit.ly/2UM3xmY

Cameron’s $5M + deals of the day – http://bit.ly/2HDQuA9
 

 


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

Click here for 2019 Arizona Legislative News

Speculators back controversial water transfer bill in Arizona House. “Critics fear [the bill] would plunder reserves of precious groundwater in a rural part of the state for the benefit of powerful special interests, like developers. They also worry it could be a boon to out-of-state water speculators, who have invested in property and infrastructure in the Harquahala Valley and vocally support the bill.” New Times. http://bit.ly/2TXGhFa

Pinal farmers lobby for support of $20M water bill at Casa Grande meeting. “About 50 people gathered in Casa Grande to hear a discussion on the impact of the drought on Pinal County farmers and the contingency plan to deal with it.” The recap in Maricopa Monitor. http://bit.ly/2FnayFv

Johnson questions Queen Creek’s ability to provide water to San Tan Valley. “A proposal from the town of Queen Creek to provide water to homes in San Tan Valley has been met with mockery from the company that currently services the area.” PinalCentral reports on a Johnson Utilities’ press release” sent on Friday which ”raised questions about how the town plans on” providing “additional water capacity to existing JU customers.” http://bit.ly/2Ob3j6c
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