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
Rose Law Group a top three company to work for in Arizona. Rose Law Group won third place as a Top Company to Work for in 2019 by the Arizona Republic, out of U.S. companies with 25 to 99 employees. In RLGR, Rose Law Group Founder and President Jordan Rose reflects on the award and its meaning to all on the RLG team who “surround” her “with excellence.” http://bit.ly/RLGtopcompany
Phoenix developers raise funds for a new city councilman, a self-proclaimed outsider. Carlos Garcia “racked up” debt during his successful bid for a seat on the Phoenix City Council. Lawyer and real estate investor Wayne Howard offered to help pay off that debt via a fundraiser. Got an issue with that? Howard and Councilman Garcia certainly don’t. AZCentral. http://bit.ly/2MJroDW
California homebuilder eyes metro Phoenix with $325M investment.Already with townhome and condo projects in Gilbert, Scottsdale and PV, The New Home Company “is considering as many as eight new communities in the Valley.” PBJ (Subscriber Content). http://bit.ly/2R9KWju
Condos part of Goodyear development plans for farmland. Condos, apartments and single-family homes are being proposed for a 45.5-acre parcel at the DeRosier Ranch development at Yuma Rd. and Cotton Ln. P&Z will look at the plans today. Mike Sunnucks has a preview in RLGR. http://bit.ly/2MK1Arl
CBRE sells 174 acres in Mesa for $19.55M. Pre-platted and in proximity to the “planned expansion of State Route 24,” this Signal Butte and Williams Field property is PRIMED “for a mixed-use development comprised of retail and housing,” says CBRE’s Jason Hyams. AZRE. http://bit.ly/2MIoCPu
10 ways True North Studio is remaking Roosevelt Row in Phoenix.“Several projects, such as the Cambria Hotel, are visibly underway. But others, including partnering with Meow Wolf to create the art and entertainment group’s first combined hotel and arts space, will be years in the making.” Nevertheless, New Times has a rundown of all ten. http://bit.ly/31sIVUd
Which metro areas are building the most homes and why. FIXr goes all 3D-graphic for “the number of total building permits for new, privately-owned housing units by metropolitan area, to get a better idea of the state of residential construction, and the economy.” See how metro Phoenix stacks up. -> http://bit.ly/2KJUzUP
Sun City a hotbed of foreclosures from reverse mortgages. “Sun City and Sun City West had some of the highest rates of reverse-mortgage foreclosure both in Arizona and the country,” per a new USA Today investigation. http://bit.ly/2XFChYw
Surprise’s Marley Park still paying off 15 years later. “Why do Marley Park residents pay more in property taxes to live in Surprise? It was something several neighborhood residents asked the community’s developers at a community outreach meeting about the Marley Park Community Facilities District budget.” YourValley. http://bit.ly/2WBNUP0
Video showcases Italian developer Stilo’s ambitions for the Grand Canyon. Previously, AZCentral looked into whether there was any truth to tweets warning of Stilo’s big plans for the Grand Canyon. Now, New Times reports the Stilo does indeed “want to put hotels, shopping, restaurants, and ‘edutainment’ centers in two areas within Tusayan” — and it has the 19-minute, “jaw-dropping,” “worthing watching” vid to prove it. WATCH! http://bit.ly/2IGecuB
An eye on Amazon and cargo, tunnels connecting terminals: More big plans for Phoenix Sky Harbor Airport. And more reportage from Mike Sunnucks in an RLGR follow-up on those 20-year growth plans.-> http://bit.ly/2wR3gVe
Scottsdale council approves ballpark measures. Hunt Construction has received the “swing away” sign from the city (via a contract payment) for design-build services regarding the first phase of renovations at the Old Town stadium. Mike Sunnucks has more on the makeover measures in RLGR. http://bit.ly/2KL10XV
$3B solar-powered data center will be built modularly. “Pegasus Group Holdings announced it is building $3 billion data center near Kingman, Arizona, which according to local officials, will be the largest solar-powered data center in the world.” ConstructionDIVE. http://bit.ly/2KMWPL5
Litchfield Park eyes $9.9M on capital projects over 5 years. One of the cap projects mentioned in this YourValley report that caught our eye is LP’s “plans to spend $1.5 million over the next five years toward creating its City Center mixed-use downtown area which will include commercial, office, residential and entertainment.” YourValley. http://bit.ly/2F4qSdq
New Phoenix council members ‘unapologetic’ about who they are. More city council news, this time from AZMirror which takes a look at City Hall newcomers Betty Guardado and Carlos Garcia, both of whom “bring to the council a shared experience in mobilizing immigrant and working class communities.” http://bit.ly/2KdpAB9
As a supplement to the Dealmaker, we thought you might enjoy these articles!
Click here for 2019 Arizona Legislative News
A man is suing a Scottsdale cryonics company for $1M — and the return of his dad’s frozen head. We find it curious that such news would surface just as publicity is starting to heat up for a fall release of the animated flick Frozen 2. Coincidence? Probably. Head to Great Falls Tribune for the story. (Also chill with this RELATED item in RLGR, from Senior Reporter/Writer Phil Riske: “Lawsuit against cryogenics company reminds me of my uneasy tour of the ‘life extension’ facility.”) http://bit.ly/2KeR49y
New horse racing law could lead to lawsuit. “The owners of the state’s largest race track [Turf Paradise] are weighing whether to sue to block a new law about who is entitled to get televised signals for out-of-state races.” A Cap Media Services/Howard Fischer report in AZ Cap Times. http://bit.ly/2F7Vgnn
Arizona Corporation Commission orders new trial over APS electricity rates. “The opening of a new rate case could take more than a year to resolve and end up with APS rates going down — or up — depending on what regulators find.” AZCentral. http://bit.ly/2WCMHqu
