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
Female-led land investment firm buys first parcel in West Valley.(Disclosure: Rose Law Group represents SLM Land Holdings.) “Anita Verma-Lallian, Eileen Jain Sahai and Smita Patil Mehta formed SLM Land Holdings with the goal of allowing people who want to invest smaller amounts to buy in strategic locations.” PBJ reports on the firm and its very first “strategic” purchase near 339th Ave. and I-10. (Subscriber Content) http://bit.ly/2VtEkNv
The internet didn’t shrink 6% real estate commissions. But this lawsuit might. The incentives for becoming a real estate agent continues, thanks in large measure to the industry’s “entrenched” commission structure and the “ability to make a decent living.” That could change, though, with recently filed legal action that is “sending shivers through brokerage offices.” CNN. http://bit.ly/2HrUKRw
KB Home opens sales in Goodyear.• Terra de Oro • 52 single-story homes • Five floor plans • 1,500 to 2,000 sq. ft. • From the mid $200s • More on KB’s new Goodyear community • In Builder. http://bit.ly/2HtFWlx
Mark-Taylor submits plans for 552-unit Scottsdale apartment development, hearing slated. The proposed San Artes apartment development sits on a 34-acre parcel in north Scottsdale. Project overview plus link to the case info sheet in Mike Sunnucks’ report for RLGR. http://bit.ly/2HmRYxY
Here are CRE’s top producers of 2018.-> Along with “some of the deals that led the way, “from “big industrial deals, to blockbuster multifamily transactions to continued interest in the Valley’s urban core,” courtesy AZRE. http://bit.ly/2EdAfHg
Bill to regulate Airbnb heads to Ducey’s desk. “House Bill 2672 adds restrictions on the number of people allowed in a short-term or vacation rental property and disallows properties to be used for things other than non-residential purposes, such as making a home an event space.” Violators will face penalties. AZ Mirror. http://bit.ly/2WLfHgE
Self-storage on track to replace vacant Surprise Safeway site. The empty big-box Safeway in Grand Village Plaza could soon be filled with thousands of small boxes after Surprise P&Z “voted to allow an indoor, two-story, climate-controlled self-storage facility to replace it.” Details on Mataas Partners’ “spruced-up storage” development in YourValley. http://bit.ly/2WHuvgl
Former county supervisor wins $21M lawsuit against utilities owner George Johnson. “Andy Kunasek filed a lawsuit in 2013 against Johnson and several others after he said he stopped receiving distributions from a trust.” Tap to AZCentral for the full story on what Kunasek says was a “horribly long process.” http://bit.ly/2VwEpQu
3D printed tiho operates entirely off the grid. The printed tiny home runs on solar (powering both heating and cooling), produces its own H2O from moisture in the air, and has a shower that’s self-purifying! Arizonans will be among the first to beta test the homes. Tap to Fast Company for more about this gridless tiho from startup PassivDom. http://bit.ly/2VpkTW1
At former TWA terminal, your hotel is now boarding. “As the TWA Hotel opens at J.F.K., airports are betting they can capture fliers at design-focused on-site lodgings.” NY Times has the story, with some dazzling images of the TWA Hotel, including an awesome rendering showing an infinity pool that is, basically, right on the runway! http://bit.ly/30mTlEu
Cameron’s $5M + deals of the day –http://bit.ly/2Jo1uDm
As a supplement to the Dealmaker, we thought you might enjoy these articles!
Click here for 2019 Arizona Legislative News
Pinal County ranks 191st among counties in highest exporting metros. <- That, according to the International Trade Administration, an organization that, unfortunately, seems to be the primary focus of this report in Arizona Business Daily. A little more info on Pinal County exports would’ve been nice! — even if it is based on data from 2017! http://bit.ly/2Hxbwi1
No budget deal yet, but House Republicans say they’re getting closer. “GOP lawmakers say they’ve largely overcome one of the biggest stumbling blocks: The dispute over how to conform Arizona’s income tax laws with the federal tax code.” AZ Mirror. http://bit.ly/2VMVzyx
How Arizona Gov. Doug Ducey has used his veto pen on bills so far this year. Gov. Ducey “has signed 236 bills” and “vetoed seven.” AZCentral takes a look at four that didn’t quite make it onto the books. http://bit.ly/2HysGfp
GOP lawmakers seek more changes in ballot initiative rules. “HCR 2005 and SCR 1023 would add the additional burden of having to obtain signatures in each of the state’s 30 legislative districts — and in proportion to the number of gubernatorial votes in each district.” However, the proposals have “hit a snag,” reports Cap Media Services’ Howard Fischer. http://bit.ly/2VHKP45
