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
LAND OF OZ – Land getting premium pricing in Opportunity Zones; Dan Gauthier, Rose Law Group transactional attorney handling many Opportunity Zone investments, sheds light. A new study “shows a rapid increase in pricing” for deals in O-Zones — and Dan Gauthier isn’t surprised. Find out why and access study highlights via RLGR. http://bit.ly/2YlLfi8
Taylor Morrison will open new Queen Creek community. Starting in the low $300s, The Legacy and Expedition collections at Terravella will offer homes ranging from 1,874 to 3,959 sq. ft. Get a full rundown on the homes atAzBigMedia. http://bit.ly/2GDlkaI
Sam Fox sells restaurant operation to Cheesecake Factory.PBJ takes a look at the Wednesday’s $308-million deal and what it means for FRC’s brands and operations. http://bit.ly/2YB2ivS
Phoenix issues RFP for downtown parking garage redevelopment. What kind of project would the city like to see at the Regency Parking Garage site at Second and Adams? Reporter Mike Sunnucks has the info in RLGR. http://bit.ly/2T2sN8q
Incorporation revived in New River Desert Hills. Incorporation efforts appeared all but dead back in June when “the City of Phoenix declined to give its permission.” Enter “Let New River Desert Hills Decide,” a grassroots PAC that already has “filed annexation requests with the cities of Scottsdale, Peoria and Phoenix.” Foothills Focus. http://bit.ly/2KjD3VE
This state is home to the best cities for renters. Arizona shines in the analysis by WalletHub, with four cities in the top 10! CNBC has the highlights. http://bit.ly/2GGsY4e
$53M Logic Park 91 project coming to West Phoenix. When Q2 2020 rolls around, 44 acres at 91st Ave. and Buckeye will be home to Logic Park 91, a new $53M industrial project from Marwest Enterprises. AZRE. http://bit.ly/2OAhwxx
Aerospace firm landing new center in Mesa. CAVU Aerospace announced this morning it was locating a new $5 million, 80,000-square-foot facility north of Phoenix-Mesa Gateway Airport. Mike Sunnucks has the rest of the story inRLGR. http://bit.ly/2KnuSHQ
Office leasing cools some in second quarter. That’s according to Lee & Associates Commercial Real Estate and CoStar. Mike Sunnucks sorts through the new data in RLGR. http://bit.ly/2MujUDf
Maricopa County is named among nation’s top digital counties. Way to go, Maricopa County! You’ve been recognized by the Digital Counties Survey as “one of the best in the country at leveraging technology and data to serve residents.” (But hey, Maricopa, you probably already know that.) QCI. http://bit.ly/2Kbkrs7
Data center sells in Chandler. Sunnucks files this breezy RLGR report on the deal for a 191,000-sq.-ft data center, located at 2500 Frye Road.http://bit.ly/2T2CCTQ
As Avondale grows, tourism industry follows. Economic Development Director Dan Davis talks with Chamber Business News about the growing tourism in Avondale and how the city is responding. My Place Hotels exec Ngoc Thac weighs in as well (via AzBigMedia). http://bit.ly/2ywj809
As a supplement to the Dealmaker, we thought you might enjoy these articles!
Glendale ducks bankruptcy caused by ‘monster’ Coyotes. Glendale had “to cut back on nearly all city services in order to feed the monster that was the Coyotes” and “was on the brink of bankruptcy.” AZCentral takes a look how the city “climbed out of the hole.” http://bit.ly/2LU76GQ
Overriding Forest Service approval, judge kills Rosemont Mine construction. “U.S. District Judge James Soto’s ruling in Tucson overturned the U.S. Forest Service’s 2017 decision approving the mine and its 2013 final environmental impact statement clearing the way for that approval,” Daily Star reports. Stay tuned for appeals! http://bit.ly/2Khji17
These courts must protect kids’ privacy. “They also must be public. Can it be done? The Arizona Republic sent 12 reporters into the Durango Juvenile Court one day to observe proceedings.” http://bit.ly/2LSh4Z6
ASU, UA land in ranking of 100 best universities in the world for ‘academic prestige, scholarly excellence, and sheer intellectual horsepower.’ <-That according to TheBestSchools.org rankings that will no doubt add fuel to what is already a raging rivalry between the two schools. PBJ http://bit.ly/2YFs9CI
