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? Jeremy Ramsdell, Ashton Woods. In RLGR’slatest look into the busy schedules of some of Arizona’s top leaders in real estate and government, entries for land deals — and more land deals — dominate the day planner of Jeremy Ramsdell, VP of Land Acquisition at Ashton Woods Homes. http://bit.ly/2MQ78AR
Proposed $65M hemp extract facility to employ up to 175 in Phoenix.(Disclosure: Rose Law Group represents Integrated CBD.) Jeff Dreyer is co-founder and COO of Integrated CBD, which is “investing $65 million to build a 154,000-square-foot manufacturing plant in Phoenix.” He’s also co-founder of Integrated Ag LP, which “has spent about $70 million to acquire and develop 10,000 acres near Yuma” for the growth of hemp seeds. Dryer talks about both projects in PBJ. (Subscriber Content). http://bit.ly/2RkTzYO
Mammoth growth plans in West Valley, its farthest reaches and ‘cities of the future’ moving from blueprints and closer to reality. I-11, cities of the future developments at Douglas Ranch and on land owned by Microsoft founder Bill Gates are all on the drawing board. Industry insiders Jim Belfiore, Nate Nathan, Andy Warren and Greg Vogel share their insight on these big growth plans with reporter Mike Sunnucks in RLGR. http://bit.ly/2Rh86Ew
Phoenix Mayor Kate Gallego delivers first State of the City address. While spotlights were shined on affordable housing, law enforcement, pension debt and Rio Reimagined, it was the Valley’s light-rail system and an “August election that could derail it” that took center stage at Mayor Gallego’s very first State of the City address. AZCentral.http://bit.ly/31xIHeK
Court ruling allows Arizona farmers to have land valued at lower tax rates. “The mere claim by a farmer or rancher of an intent to make a profit — someday — is enough to qualify the property for a tax break, the state Court of Appeals has ruled.” A Cap Media Services/Howard Fischer report. http://bit.ly/2MLF5Cl
Pinal County manager finalists tout experience, accomplishments. Get better acquainted with county manager finalists Louis M. Andersen, Christopher Keller and Leo Lew via a résumé rundown for each in Flo Reminder. http://bit.ly/2If1rrz
Riverview development update. El Dorado Holdings’ Riverview development at 43rd Ave. and Circle Mountain advances to Phoenix City Council after city planners gave unanimous approval to a density rezoning request. That thumbs-up, however, did not come without stipulations. The Foothills Focus. http://bit.ly/2KiOejN
Court says Tempe can boot ‘squatter’ from long-disputed land. “Squatter” Steve Sussex may have lost “yet another” round Thursday in his legal fight to “stay on land he claims has been in his family for more than a century,” but his attorney vows: “The battle is not over.” AZCentral. http://bit.ly/2KlBMjd
Construction begins on Mesa grocery store, retail center. The “Point at Eastmark, a Safeway-anchored shopping center” from Evergreen Devco “will be the first major commercial development in Mesa’s Eastmark neighborhood.” PBJ (Subscriber Content). http://bit.ly/2x0GhXL
GCU growing beyond capacity. “Practically every free bit of space around the private Christian university’s campus has been purchased by the college to build new student housing project after new student housing project. There’s only one problem: It isn’t enough.” AzBigMedia. http://bit.ly/2Fa0Oxw
Industrial subdivision to open near Mesa’s Gateway Airport. “The Landing at PMG will consist of six buildings for a total of 281,000 square feet in the city’s Phoenix-Mesa-Gateway Airport area near Ray and Sossaman.” And Mayor John Giles touts it in a tweet at KTAR.http://bit.ly/2Rgf8JO
As a supplement to the Dealmaker, we thought you might enjoy these articles!
Click here for 2019 Arizona Legislative News
Arizona just made cannabis safer and savings for patients; ‘important step forward,’ says Laura Bianchi, Rose Law Group partner and director of Cannabis Department. Commenting on the new medical cannabis bill signed last week by Gov. Doug Ducey, Laura Bianchi tells RLGR that it’s “an important step forward for Arizona’s Medical Marijuana Program, as the passage of SB 1494 lowers the cost of Qualifying Patient Cards and implements mandatory third-party testing for all medical marijuana.” More from Laura plus Leafy’s report on the new rules here. http://bit.ly/2WGCitV
Report: Diamondbacks choose architecture firm to design possible new stadium. Renderings of a new D-Backs stadium popped up online a few weeks back, courtesy of MEIS architects. But now it looks as though a different architecture firm will actually take a swing at it. AZCentral. http://bit.ly/2IfMwxn
On 107-degree day, APS cut power to Stephanie Pullman’s home. She didn’t survive [UPDATE]. “Pullman owed APS $176.84… She had five days to pay in full [per a warning letter sent to her]. Otherwise, APS would disconnect the electricity. Outside, temperatures were in the triple digits.” The grim story in New Times. (RELATED: “Corporation Commissioners request investigation into utility shutoff.”) http://bit.ly/2XUcVqd
