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
Jordan Rose, Rose Law Group founder and president, moderating upcoming NAWBO panel on Legislating Number of Women on Corporate Boards. Should publicly-owned companies be required to have a minimum number of women on their boards of directors? A new California law answers in the affirmative — a topic that’s sure to spark a lively discussion at the National Association of Women Business Owners Advocacy Day on April 10. With Jordan Rose moderating, Kina Harding of The Harding Firm and the Arizona Black Bar, and Susan Schultz of The Board Institute and Women on Boards will consider the pros and cons of California SB 826. More info on the event in RLGR. http://bit.ly/2Tq2x6c
Phoenix has long been the West’s most affordable city. That might change. An in-depth piece from AZCentral real estate reporter Catherine Reagor on how the “gap between what Phoenix-area residents earn and what they pay for housing is growing and putting the squeeze on many.” With insight from real estate consultant Jim Belfiore. http://bit.ly/2Yfo7hI
K. Michael Ingram, founder and chairman of El Dorado Holdings, Inc. to receive 2019 Horatio Alger Award. Congratulations to Michael Ingram! He’s been selected as a recipient of Horatio Alger Award, an annual honor given to esteemed individuals who have succeeded despite facing adversities. More on the award, plus Michael Ingram’s story — how he turned around a challenging childhood to become a visionary real estate developer and philanthropist— in RED News. http://bit.ly/2JISDxh
Phoenix City Council denies controversial high-rise zoning case. It’s “back to the drawing board” for the “proposed project in the Phoenix Country Club parking lot” after “Phoenix City Council unanimously voted against a controversial high-rise zoning request — but left the door open for future discussions.” PBJ (Subscriber Content). http://bit.ly/2WcjRxn
Maracay buys 82 acres in Chandler for $24.6M. This parcel located next to Veterans Oasis Park at Lindsay south of Ocotillo comprises 241 pre-platted homesites and completes Maracay’s Gilbert-Chandler land assemblage. Plans for the parcel? A new gated community called Canopy which will be designed according to the principles of Vatsu Shastra. Full details in the news release at RLGR. http://bit.ly/2HzFgNU
Scottsdale planners split on public outreach changes. “The City of Scottsdale has taken the first steps towards possibly modifying its public outreach process for development projects following [a] public backlash to the Papago Plaza redevelopment.” Scottsdale Progress reports that this new approach “could be a model for developers moving forward.” http://bit.ly/2JtOkWj
Florence council OK’s subdivision next to sewer plant. Earlier this month, council “tabled action” on D.R. Horton’s proposal “to build homes around Johnson Utilities’ wastewater plant at Anthem.” Monday, however, council approved “the final plat for 146 new homes.” Find out why in PinalCentral. http://bit.ly/2FjmMxz
Top 15 home features that will sell your home fast — and for more cash.“Realtor.com®’s data team searched [‘more than a million single-family home listings’!] to find the home features that can help folks sell their home the fastest — and for the best price.” http://bit.ly/2Tpn3Uy
Scottsdale moves forward with $50M in renovations for aging spring-training stadium. “City Council approved the first phase of the work Tuesday as the city continues to hammer out the details of a long-term lease with the San Francisco Giants and the Scottsdale Charros.” AZCentral has the modernization minutia, including who’s paying what; plus, a fascinating black-and-white aerial showing what the stadium and surrounding (undeveloped) area looked like circa the mid-50s. http://bit.ly/2HF93VB
Phoenix votes to delay, likely kill, west Phoenix light-rail line. “The line would have continued the current track down Camelback Road, connecting it to [GCU] and ending at 43rd Avenue.” AZCentral reports on what critics have dubbed the “train to nowhere,” including where funds for the project will go now that plans for it have, seemingly, reached the end of the line. http://bit.ly/2uiyJhS
President signs La Paz County Land Conveyance Act. “The law allows La Paz County to purchase up to 6,000 acres in the eastern part of the county held by [BLM] for economic development. The county had long sought this land for possible solar power development.” Parker Pioneer. http://bit.ly/2YgB1fp
Cameron’s $5M + deals of the day –http://bit.ly/2WbZBMo
As a supplement to the Dealmaker, we thought you might enjoy these articles!
Click here for 2019 Arizona Legislative News
Seat belt requirement for rear seat dies in Senate committee. Rep. Bob Thorpe “was able to get only one member” of a Senate panel “to support HB 2460 to require all occupants to be restrained.” And while the panel called the “measure intrusive,” the “bigger objection came to allowing police to pull someone over solely because someone is not buckled up.” A Cap Media Services/Howard Fischer report in AZ Cap Times. http://bit.ly/2FjuNCD
Arizona primary elections might be held earlier in August. “Senate Bill 1154 would change the date of the primary elections from the 10th Tuesday before a general election to the first Tuesday in August.” No big deal, right? Who could possibly object? Per Cronkite News, “several people.” http://bit.ly/2Ohi5Za
