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
Nikola Motor Co. buys land in Coolidge for factory to build zero-emission trucks. (Disclosure: Rose Law Group represents Saint Land Holdings.) It’s official! Nikola “has closed on roughly 400 acres of land” it purchased from Saint Land Holdings. The maker of “zero-emissions heavy trucks” will start cranking up production at the Coolidge facility in 2022 and will “eventually employ an estimated 2,000 people.” AZCentral. http://bit.ly/2JDSFpQ
Arizona ‘country club’ for high-performance cars has a track with no speed limit. (Disclosure: Rose Law Group represents Apex Motor Club.) Over two miles of winding blacktop has been laid at the “$40 million” Apex Motor Club currently “being developed on 280 acres in Maricopa.” The club will have “five-car garage condos, a clubhouse, pool, go-cart track, fueling station, restaurant and meeting spaces,” plus “4.2 miles of track” — with drivers reaching “top speeds around 170 [MPH].” Get further details and buckle-up for a test-drive video at AZCentral. http://bit.ly/2CExZrR
Homebuilder makes top bid for Mesa land once set aside for regionalpark. Blandford Homes and Toll Brothers “volleyed bids during the live auction at Mesa Convention Center” on Thursday. Winning bid for the “130 acres” at Thomas and Recker was “$21.1 million” — SOLD to Blandford Homes! Watch some of the auction action in this report from AZCentral. http://bit.ly/2OpwBOy
Glen Lakes Golf Course in Glendale closes. “Glen Lakes Golf Course in Glendale [closed for] good on Sunday, after a tumultuous year between the city and residents who wanted to save the course. What comes next, city officials promise, will be a public and transparent process to decide the best use for the land.” (But it sounds like apartments have already been ruled out.) AZCentral. http://bit.ly/2CDGHGZ
50 single family homes planned off East Butler Avenue. “A section of land off of East Butler [in Flagstaff] will be home to a new development as a Phoenix-based developer [Brookfield Communities] looks to build 50 single-family ‘bungalow’ style homes.” Arizona Daily Sun. http://bit.ly/2JCP0Zr
Aspire Tucson Phase II to offer high-rise living. “The Dinerstein Companies of Houston is doubling down on their investment in student housing near [UA] by proposing a new, 130-unit high-rise… The eight-story building, dubbed Aspire Tucson Phase II, is directly west of Aspire Tucson, a 12-story community set to open in August 2019.” BEX. http://bit.ly/2WmjrVe
Neighbors, developers clash over planned bike resort near Saguaro National Park East. Plans for the “20-acre parcel” include “49 small cottages, a 34-foot high ‘Bike Barn,’ a 79-space parking lot, a restaurant, cafe, and a lighted outdoor public gathering area.” But neighbors aren’t too happy about the project, saying it “violates the intent of the zoning.” Arizona Daily Star.http://bit.ly/2HYnsLV
Arizona hotel, resort renovations ramp up. Harrah’s Ak-Chin Casino. JW Marriott Desert Ridge Resort & Spa. CIVANA. The Phoenician. Tavern Hotel. AzBigMedia delivers a quick rundown of the “multi-million dollar investments” these “hotels and resorts are making to enhance the guest and local resident experience.” http://bit.ly/2FypBMq
Recall drive roils Foothills Community Association board. “A Foothills Community Association resident has launched a petition drive to recall the HOA board’s longtime president and two members who were added when it expanded.” Among the resident’s grievances? The HOA president doesn’t live in the area and has been serving in the position much too long. AFN. http://bit.ly/2CCqxxn
How to invest in the Southwest. Out of a handful of Arizona cities, Prescott is the one that gets singled out by Ingo Winzer. The Forbes contributor and Local Market Monitor president crunches job growth and housing data to spotlight cities throughout the Southwest that offer the best “investment opportunities.” http://bit.ly/2Tz36uG
[REGIONAL] They moved to make way for California’s high-speed rail. Now they wonder if it was for nothing. The “high-speed rail project has disrupted and dislocated residents and businesses up and down the central San Joaquin Valley… Some of those former property owners are wondering now whether their sacrifice — either through eminent domain or as leveraged sellers — will have been for nothing.” Sac Bee. http://bit.ly/2TYbwRa
As a supplement to the Dealmaker, we thought you might enjoy these articles!
Click here for 2019 Arizona Legislative News
Bringing about national togetherness with a simple kiss. Wondering what can be done “to narrow the differences that plague the American citizenry,” RLGRSenior Reporter/Writer Phil Riske shares an amusing ‘note to self’ listing of things he himself could do that just might help unite us all. http://bit.ly/2TwzD4r
Mueller report: Arizona Republicans say Trump cleared, Democrats quiet. “Arizona Republicans on Sunday seized on Special Counsel Robert Mueller’s conclusions that neither President Donald Trump nor his campaign aides conspired with Russia to influence the 2016 presidential election. Arizona Democrats largely were silent and conspicuously unavailable to discuss the developments.” AZCentral. http://bit.ly/2Yw0xgK
