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
What did you do yesterday? Auggie Gomez, McRae Group. Time for RLGR’sregular feature looking at busy schedules of some of Arizona’s top leaders in real estate and government. Check out how much Augustine Gomez, principal and co-CEO at the McRae Group of Companies in Scottsdale, crams into his 29-hour, too-late-for-dinner day. http://bit.ly/2JEsuhW
Pinal County on the road to becoming an automotive manufacturing juggernaut. (Disclosure: Rose Law Group represents Saint Holdings.) In AzBigMedia, Casa Grande Mayor Craig McFarland, Saint Holdings President and CEO Jackob Andersen and Pinal Economic Develop Manager Tim Kanavel discuss how the “county has quietly built up its infrastructure” and “set the groundwork for what appears to be an impending high-tech, automotive manufacturing boom.” http://bit.ly/2ExEr4Z
How drones will impact commercial real estate [VIDEO]. (Disclosure: Rose Law Group represents Airobotics.) Drones as CRE disruptors. Airobotics VP of Marketing, Kathy Kim, will address that topic next Wednesday at a Lambda Alpha International luncheon. Get event info and WATCH an Airobotics drone doing its thing, in RED News. http://bit.ly/2JBy7O5
Water supply for planned Lake Pleasant community in limbo. It was going to “be one of the largest master-planned communities in Arizona.” Then the Great Recession hit, delaying Harvard Investments’ plans for Lake Pleasant 5000. Now, a “rancorous court battle” over Surprise’s “grab for water” has put “the project in jeopardy.” AZCentral. http://bit.ly/2weVAvQ
Queen Creek approves final plats for parcels in Church Farm. Town Council recently approved a “pair of final plats for two parcels” of William Lyon Homes’ “2,310-lot master planned single-family residential subdivision Church Farm.” QCI has parcel locations and plat particulars. http://bit.ly/2HSp1cr
Mesa approves ‘zen’ plans for former cowboy restaurant site. Earlier in the week reporter Mike Sunnucks previewed Mesa P&Z action on plans to redevelop the former Rockin’ R Ranch into a townhouse project called Zen on Baseline. Meditate on Mike’s followup here. http://bit.ly/2M6EOK7
The Astor at Osborn officially opens. “The 5-story, Class A residential building [7th Ave. and Osborn] features 191 residences ranging in size from 583-to-1,358–square-feet with a 5-story parking garage.” More on the High Street Residential/MetLife Investment Management mixed-use in RED News. http://bit.ly/30G0ksj
Medical marijuana rezoning case moves forward in East Valley. Mesa P&Z has given its green light for medical cannabis dispensaries to locate at a commercial center on Baseline Road. Reporter Mike Sunnucks has more on this MMJ rezone matter in RLGR. http://bit.ly/2Qpni2i
Phoenix starting community process for $1B light rail extension. The light extension would be along I-10, taking riders from the Arizona State Capitol into the West Valley. But as Mike Sunnucks reports in RLGR, the process “is still in the very early stages.” http://bit.ly/2WYWZCp
Alliance Residential renews focus on reducing waste in 2019.Multifamily Executive chats with Kelly Vickers, VP of corporate social responsibility at Alliance Residential, to learn about the “company’s waste management campaign, reduction strategies” and its overall “sustainability campaign.” http://bit.ly/2HQTJTp
Paradise Valley eyes a strategic revenue model as FY General Fund approval approaches. A rather dry topic for sure, but this PVI report picks up the pace when Town Council patter pivots to Paradise Valley’s Public Safety Retirement Pension and “the best way to pay down money owed to the system.” http://bit.ly/2QiqzjE
Amazon is selling entire houses for less than $20,000 — with free shipping.“There are a number of strange but intriguing cabins and homes for sale on the internet giant — their prices may be shockingly low, but there are often additional costs and significant downsides.” Report and pics in MarketWatch. http://bit.ly/2JCoO06
As a supplement to the Dealmaker, we thought you might enjoy these articles!
Click here for 2019 Arizona Legislative News
She had Stage 4 lung cancer, and a mountain to climb. “Isabella de la Houssaye raised her five children on adventure. Then came a brutal diagnosis, and a burning desire for a final journey with each one.” The New York Times. http://bit.ly/2QisUeq
On the heels of a $10M judgment against George Johnson, the state slaps Johnson Utilities with $100M lawsuit over water-quality violations. “The lawsuit, filed by the Attorney General’s Office on behalf of ADEQ, lists a variety of penalties for violations as well as ‘injunctive’ actions the company needs to take to fix its utility system.” AZCentral. http://bit.ly/2JF614y
AG’s Office set to receive $500k for ‘election integrity’ investigators. “Attorney General Mark Brnovich wants the legislature to fund a new voter fraud unit, with an eye toward refuting the baseless claims of voter fraud that swirled in some political circles after the 2018 election.” AZ Mirror. http://bit.ly/2QoA3tN
House passes parts of budget in late-night action, but Senate still appears stalled. “Republicans in the Arizona House of Representatives moved forward on the budget without their Senate colleagues, working into the early morning hours of Friday in the hope of spurring the legislature’s upper chamber into action.” Arizona Mirror. http://bit.ly/2HSygt9
