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
Patients vs. developers: Scottsdale citizens form group to stop developer from harming medical marijuana dispensary. (Disclosure: Rose Law Group represents Sunday Goods.) When several downtown property owners, including out-of-staters, filed a “dubious ‘legal protest’” attempting to thwart a proposed Sunday Goods medical cannabis dispensary that was sailing through the approval process, Paula Sturgeon and Sandy Schenkat leaped into action, forming a PAC serious about preventing that harm to Sunday Goods — and the area. http://bit.ly/34FjboH
Scottsdale voters overwhelmingly approve Questions 1, 2 and 3. Get ready for $319 million worth of work to begin on 58 projects, as strong turnout propelled by a positive community-minded campaign saw voters pass the city’s first major bond program in 19 years. RLGR. http://bit.ly/2NMYPmr
Taylor Morrison to buy William Lyon Homes. Should the $2.4 billion deal go through, Taylor Morrison will become “the nation’s fifth-largest home builder.” TM Chairwoman and CEO Sheryl Palmer talks about the “unique opportunity” in this Builder report. http://bit.ly/2WOTfUD
Scottsdale custom homebuilder snags coveted Paradise Valley land. “More than five years in the making, the way has been paved for a project involving the construction of eight luxury homes… FEMA’s involvement was required to get the [Cullum Homes] deal approved.” PBJ (Subscriber Content). http://bit.ly/2CfVRlf
A remarkable first in the West Valley.Arizona Foothills Magazine takes a look at Sterling Grove, a Surprise master-planned concept from Toll Brothers that’s touted as “a high-end luxury community and golf club experience unlike anything the West Valley has ever seen.” http://bit.ly/32nNIWq
Master Developer wanted for P83 mixed-use. If you can bring “a ‘world class vision’ to fund, design, construct and operate a massive mixed-use development on 17 acres” at 83rd Ave and Bell, then the City of Peoria would like to hear from you! Get the RFP rundown at AZBEX. http://bit.ly/2PVlPCj
Phoenix workforce housing development planned for Arcadia area. “Urban Communities LLC has paid $30.1 million for an apartment community built in 1979 in the Arcadia area of Phoenix, with plans to turn the aging property into workforce housing.” PBJ (Subscriber Content). http://bit.ly/33o0IMX
Ryan Companies ‘tops out’ Canopy by Hilton in Scottsdale. With yesterday’s beam signing, the 204,810 square foot, seven-story hotel in the Scottsdale Arts District (an opportunity zone, btw), is well on its way to an anticipated opening in summer 2020. AzBigMedia. http://bit.ly/33ptqgt
New East Valley locations planned for Flower Child, North Italia eateries. A while back, Sam Fox “teased in an interview that more restaurants were expected to open.” The Fox tease is now over. Find out EXACTLY where those restaurants are planning to open, via PBJ. http://bit.ly/2CfY14i
New warehouse slated in Gilbert. Town Council is scheduled to vote today final plat approvals for a new planned warehouse at Baseline and McQueen. Mike Sunnucks previews in RLGR. http://bit.ly/2NKgP0Y
Gilbert eyes solar energy deal with SRP. The deal involves as much as 2.5-Megawatts of solar power, reports Mike Sunnucks in RLGR. http://bit.ly/2qqSLYQ
ASU develops fiber-reinforced concrete to speed up construction, reduce costs. It’s the brainchild of ASU engineering prof Barzin Mobasher and his team: A simplified method of working with fiber-reinforced concrete. “Transportation experts say the economic, safety and transit benefits could be huge.” AzBigMedia. http://bit.ly/33om254
West Valley farmers fight APS attempt to take water for nuclear plant. “Arizona Public Service Co. has applied to pump ‘poor-quality’ groundwater from the West Valley that the company says Buckeye farmers are wasting. But the farmers say the water is neither poor nor wasted.” AZCentral. http://bit.ly/36FwjMh
The remarkable and the results from just concluded Bentley Scottsdale Polo Championships. The Bentley Scottsdale Polo Championships: Horses & Horsepower, presented by Talking Stick Resort wrapped up its 9th year with an impressive 11,136 attendees, and another year of victorious teams, impressive defeats, event firsts, and an increase in ticket revenue. RLGR has the full recap. http://bit.ly/2ChaRza
Tourists spent more than $2 billion in Scottsdale in 2018. <- A 30% increase from a year earlier, according to a new report from the Scottsdale Tourism and Events Department. For a closer look at the tourism numbers and what’s drawing visitors to Scottsdale, tap to KTAR. http://bit.ly/2CfZ6ZU
RLG HIRING: Rose Law Group is seeking a receptionist for our fun, fast-paced firm that offers opportunities for advancement.http://bit.ly/2UgnCCk
As a supplement to the Dealmaker, we thought you might enjoy these articles!
Voters reject Glendale City Council pay raise in landslide, approve DVUSD funding measures. “The Council pay raise would have increased Glendale’s six City Council members’ salaries from $34,000 to $52,685 and [Mayor] Weiers’ pay from $48,000 to $68,490.” Not gonna happen. As for the Deer Valley measure, head to GI. http://bit.ly/2NLoiwL
Regina Romero becomes first Latina to serve as Tucson’s mayor. “Three-term Councilwoman Regina Romero, who takes office next month, is the first woman to hold the city’s top elected job and will be the second Hispanic to be elected mayor of Tucson since the Gadsden Purchase.” DS. http://bit.ly/2WNunN2
Tucson voters overwhelmingly strike down ‘sanctuary city’ proposal. “The vote ends months of contentious debate over whether Tucson… would buck a state law that prevents sanctuary cities and become Arizona’s only city to formally limit cooperation with federal immigration authorities.” DS. http://bit.ly/2NpzmR7
I’ve assessed my chances for an open county office. That “I’ve” in that headline is RLGR Senior Reporter/Writer Phil Riske, who squeezes out 10 reasons you should adopt him as your candidate in the next election for Maricopa County Assessor. http://bit.ly/2NKjrMd
Swing state 2020: With the election a year off, Arizona could become a key player. <- That according to research hotshot and Managing Partner of OH Predictive Insights, Mike Noble. R and D party spokespeople react to Nobel’s assessment in CN. http://bit.ly/2Q3CaoX
Suspended Maricopa County Assessor Paul Petersen pleads not guilty in adoption scheme. Paul Petersen appeared in an Arizona courtroom for the first time yesterday, pleading not guilty to charges related to allegations of Medicaid fraud. Next up, a court appearance in Utah!AZCentral. http://bit.ly/36J70Jo
America’s largest health insurer Is giving apartments to homeless people. “After testing the idea in Phoenix, Milwaukee, and Las Vegas, UnitedHealth is expanding [Dr. Jeffrey Brenner’s] radical fix for the U.S. health-care crisis.” Bloomberg. http://bit.ly/2NpFxVs
