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
HEMP LAND – Omar Abdallah, Rose Law Group attorney handling hemp-related issues, discusses land use rules for growing hemp. What do Arizona hemp rules say about the kind of land you need to grow hemp? Can it be grown in your back yard? See Omar Abdallah’s answers in RLGR. http://bit.ly/31FlLdA
Does your employment policy address text messaging, emails and voicemails? David McDowell, partner and director of Rose Law Group Litigation Department, looks at how recent lawsuits against T-Mobile, the City of Chicago and CB Richard Ellis raise labor law issues about pay for non-exempt employees who answer text messages, emails, or voicemails after hours. RLGR. http://bit.ly/2WPtXnG
Chandler looks at residential plans, farmland rezoning. Chandler Planning Commission on Wednesday will consider The New Home Company plans to build a 24.2 -acre development called Mariposa at Alma School and Queen Creek. Mike Sunnucks has a preview in RLGR. http://bit.ly/2IVLkhJ
Developer wants to bring apartments to Chandler 101 mix. The 20-acre mixed-used development is at Price Road and Chandler Boulevard near Chandler Fashion Center. Get full details on Van Trust Real Estate’s plans via Mike Sunnucks’ report in RLGR. http://bit.ly/2IswWPn
Home builders are buy again, says Wedbush. “Late last week the stock analysts at Wedbush slapped a buy rating on several home builder stocks, signaling confidence in the market for new homes.” MarketWatchvia Builder. http://bit.ly/2Ff2J44
Phoenix named among top large cities in the U.S., report says. High marks for nightlife, food, shopping, higher education and airline connectivity helped propel Phoenix to No. 18 in Resonance Consultancy’s 2019 America’s Best Cities report. PBJ. http://bit.ly/2wY1DFs
Design for SkySong 6 unveiled as it enters pre-leasing. The 340,000 square foot SkySong 6 will boast “55,000 square foot floor plates — the largest floor plates built along Scottsdale Road in the past 20 years.” Tap to AZRE to check out what else Butler Design Group has envisioned for “the next building to be constructed” at the Plaza Companies’ development. http://bit.ly/2x0p0ht
Study: Falcon Field a soaring economic engine. When The Boing Co. is included in the economic-impact equation, the “Mesa aviation hot spot generates an estimated $6.8 billion a year.” HOWEVER: “Even without Boeing, Falcon Field’s economic output out distances the other general aviation airports in Maricopa County — including Scottsdale Airpark.” EVT. http://bit.ly/31GkeE4
Roadwork paves way for Intel’s massive Fab 42 campus in Chandler. Intel’s 11,000 employees will have a much easier time commuting to the company’s new hush-hush Fab 42 semiconductor fabrication plant next spring, thanks to Chandler’s recent approval of $5.4 million for an expansion of Old Price Road. AZCentral. http://bit.ly/2InGZow
[GUEST COLUMN] Life cycle of a city: Why a business may or may not locate in Maricopa. What do businesses and developers consider when evaluating expanding to a market like Maricopa? In a piece for InMaricopa, Mayor Christian Price shares insight on the challenges, formulas and other moving parts that go into the development process. http://bit.ly/2Xkv0AE
5 of Arizona’s biggest construction projects in 2019. The five major developments “ongoing or soon to break ground” include: A casino, resort, regional park and two infrastructure projects. Get a rundown on each at AzBigMedia. http://bit.ly/2XmbNhN
Queen Creek Town Council approves strategic financial policies related to water, wastewater. QC Town Council recently “took a series of strategic financial actions that benefit the town’s water and wastewater systems and reduce costs for users.” Details in QCI. http://bit.ly/2L0OAen
Pollack: Expansions don’t die of old age. “This one is showing some significant wrinkles, but, is still ticking,” says The Monday Morning Quarterback, who drills us with these data Snapshots: U.S. • Job Openings • Consumer Sentiment • Retail Sales • CPI • Industrial Production. AZ: • Housing Market – Listings, Sales & Prices – Greater Tucson. http://bit.ly/2WSz0J2
[REGIONAL] $1 billion Google plan aims to ease Bay Area housing crisis.Google on Tuesday announced a stunning $1 billion commitment to ease the Bay Area’s housing crisis, pledging to add about 20,000 homes across the region. It is the largest…” READ ON in Mercury News. http://bit.ly/2MT4OJh
As a supplement to the Dealmaker, we thought you might enjoy these articles!
Click here for 2019 Arizona Legislative News
Ducey says Corporation Commission overstepping its authority. “There’s been a bit of mission creep.” And that wasn’t the only thing Gov. Doug Ducey said Monday regarding the Arizona Corporation Commission and “how it has been getting into areas beyond its constitutional authority to set utility rates.” A CMS/Howard Fischer report in ACT. http://bit.ly/2x1danc
