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
Ranking Arizona: Top 10 brokerage firms for 2019. “Here are the Top 10 brokerage firms in Arizona (industrial, land, medical, multifamily, office and retail firms, over/under 24 brokers) based on public voting for the 2019 edition of Ranking Arizona.” https://tinyurl.com/y2sf2pje
Phoenix City Council to hear more on potential redevelopment or sale of Phoenix Convention Center building. Phoenix City Council will get a briefing from staff on an engagement process to solicit ideas and plans for the South Building in downtown Phoenix. Reporter Mike Sunnucks has a preview of today’s action in RLGR. https://tinyurl.com/y4b6xlfg
Compromise construed as Smoke Tree falls short of Paradise Valley confidence. “Town Council voiced a desire to see the Smoke Tree Resort redeveloped, but a hefty special use permit application that includes 30 resort residential — or condominium — keys ought to be weighed carefully.” PVI. https://tinyurl.com/y4ljvvm9
Demo permit fight heads to zoning. Should the William F. McElroy house at 7019 N. Central be listed on the Historic Property Register, a move that would save it from bulldozers, even though the house is historically unremarkable? The Phoenix Historical Preservation Commission believes so. north central news. https://tinyurl.com/y3bnr9n9
The mall meltdown continues. “While retailers posted generally strong numbers in 2018, raising hopes of a retail renaissance, this year has seen a reversion to the pre-2018 trend” — and it’s “reminding investors of the sector’s fundamental problems.” WSJ (Subscriber Content) https://tinyurl.com/yxr9ff9u
Phoenix, ASU look to test out prototypes, solutions to deal with extreme summer heat. Phoenix City Council will vote today on entering into a partnership with ASU to find new ways to mitigate extreme heat and its impact on lower-income residents and neighborhoods. A Mike Sunnucks report in RLGR. https://tinyurl.com/y57l7st8
Scottsdale names Higgs to planning commission. Renee Higgs, “regional marketing manager for Mayo Clinic,” fills the vacancy left by former Commissioner Kelsey Pasquel who resigned “amid a cloud of controversy” concerning the redevelopment of Papago Plaza. Scottsdale Progress. https://tinyurl.com/y2lkg7sb
[GUEST COLUMN] Dembow: Paradise Valley leaders deserve our gratitude. PV Town Councilman Paul Dembow has words of thanks (as well as phone numbers and emails) for fellow Town Hall team members “who work so diligently to make our town what it is.” PVI. https://tinyurl.com/yxch3ryd
Phoenix to vote on making it illegal to feed pigeons. In a move that surely would’ve driven an already irritable Mr. Grudgemyer to the edge of bonkersville back in the day on Wallace & Ladmo, Phoenix City Council is scheduled to vote on a measure that would make feeding pigeons a misdemeanor. Details in this RLGR report by Mike Sunnucks. https://tinyurl.com/y3fexbl9
Pollack: Tariff threats. “We are now dealing with tariff issues on two fronts. China and now Mexico,” and The Monday Morning Quarterback scrambles to find much of an economic upside should President Trump act on his latest threats. For more UPBEAT economic news, check out these MMQ Snaphots: U.S.• Consumer Income & Confidence • Home Price Index • Home Sales. AZ • Sky Harbor Activity • Home Prices. https://tinyurl.com/yyg7psaz
Cameron’s $5M + deals of the day – https://tinyurl.com/yy8zttnt
As a supplement to the Dealmaker, we thought you might enjoy these articles!
Click here for 2019 Arizona Legislative News
U.S. Supreme Court refuses to hear Indian Child Welfare case; curtailing Indian Child Welfare Act would be an intrusion on sovereignty, says Rose Law Group family law attorney Audra Petrolle. “[SCOTUS] has rebuffed a bid to void a federal law that challengers claim is racist because it places the desires and rights of Native American tribes over the constitutionally protected best interests of children,” reports Cap Media Services’ Howard Fischer in AZ Cap Times. • In RLGR, Audra Petrolle comments on SCOTUS’ refusal to “disturb a lower court ruling.” https://tinyurl.com/y56hebxk
Phoenix property taxes expected to go up despite lower proposed rate.File this under “good news crummy news”…. “Phoenix City Council is planning to reduce the property tax rate,” BUT, as Budget Director Jeff Barton puts it in this KTAR report, “the actual levy — what we collect — will actually increase.” https://tinyurl.com/yxjk332q
H2 DOUBLE-O SEVEN? –Unusually wet winter and spring pushes Arizona out of short-term drought. “Rain and snow have been falling in the areas that needed it, so the drought’s contracted a lot.” HOWEVER: “It’s like the James Bond movies: ‘James Bond will return’ at the end of the movie. Drought will return,” Cronkite News reports. https://tinyurl.com/yyzxelc7
Arizona economy ranks just outside of the top 10 nationally. Meaning we landed at No. 11, according to a recent WalletHub study. But we fared even BETTER in the rankings when came to GDP growth and nonfarm payrolls. KTAR has the highlights. https://tinyurl.com/y3mxr7yd
Ducey dismisses opposition by chambers of commerce over Mexico tariffs. Was Gov. Doug Ducey really “unimpressed” by a possible $2.3 billion hit on Arizonans if tariffs on Mexico are imposed; and did he really brush aside and minimize concerns expressed by U.S. and Arizona chambers of commerce while fielding questions yesterday? That’s how Cap Media Services’ Howard Fischer characterizes it in his AZ Cap Times report. https://tinyurl.com/y5aobyd9
House GOP leader wants to bar cities from stopping private wall construction. “On Twitter Monday, [House Majority Leader Warren Petersen, R-Gilbert] said he’d be introducing legislation that would make sure organizations can ‘erect border walls on private property in AZ.’ ” And the problem with that is…? Arizona Mirror. https://tinyurl.com/y3zq98y8
Arizona utility customers funding lobbying against public health regulations. A New Times’ report on how “Arizona’s three major utilities charge their customers for membership in secretive groups that lobby against federal regulations to protect public health.” https://tinyurl.com/y23def9h
