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
Scottsdale City Council set to discuss SouthBridge 2 project. (Disclosure: Rose Law Group represents Spring Creek Development.) For years, Carter Unger has worked with the community to elevate his father Fred’s vision to reality. That vision could take a huge step toward fruition this evening, as Spring Creek Development’s proposed Southbridge 2.0 goes before City Council. PBJ (Subscriber Content). http://bit.ly/2rdSwRF
Scottsdale approves redevelopment plans for apartments at Camelback and Hayden. Council approved development and rezoning plans from ColRich for its planned Gentry on the Green apartment and mixed-used development, reports Mike Sunnucks in RLGR. http://bit.ly/2DK56e3
Broadstone multifamily project proposed for PHX. Alliance Residential has submitted plans for Broadstone Camelback, a 284-unit multifamily development proposed for 7th Ave. and Camelback, site of the former Hotel 502, which is still standing but not for long should plans be approved. AZBEX. http://bit.ly/2LlaBUA
CG Council looking for ways to encourage new housing options. City staff floated a tweak to the definition of “density” and Casa Grande City Council ran with it, in hopes that it will “provide developers with greater flexibility in the kinds of housing options they can provide.” CGD. http://bit.ly/2Rm58AO
Richmond and Meritage close on lots in Rancho Sahuarita. The two homebuilders recently snagged 128 SFR lots — Richmond American gained 87, Meritage Homes 41 — in the Entrada Del Rio community at Rancho Sahuarita. Tap to RED News for deal and development info. http://bit.ly/2Rlw4km
2019 Arizona Auditor General report: Rio Nuevo accomplishments ‘exceptional.’ Actually, “truly exceptional” is how the new audit report puts it, “as a number of actions taken by the District have allowed for major projects to advance” and “have also improved the long term outlook for the Tucson Convention Center.” Access the full report via RED News. http://bit.ly/36dlH6r
Gulch pathway project could become reality in Payson. “The proposed development could kick-start economic development on Main Street, just as similar developments have spurred economic growth in other towns and cities across the country.” Roundup. http://bit.ly/2Lp8Dmh
Land Zo: Realty check. Housing supply in the Valley has been “dropping drastically over the past decade,” but the region “has seen a steady rise in real estate agents.” It’s a bit of a pickle for real estate agents that has PHOENIX magazine wondering: “Can the market sustain them all?” http://bit.ly/2ONwQow
Housing forecast reveals trends you need to watch in 2020. A couple of predictions for Phoenix and Arizona markets pop up in AZRE’s deep dive into this new 2020 housing forecast from Realtor.com®. http://bit.ly/367i55P
Senators grill U.S. military chiefs over private housing ‘slumlords’ on bases. Sen. Martha McSally did some of the grilling yesterday, and Air Force Sec. Barbara Barrett was among the “military branch heads” feeling the heat. However, Sec. Barrett, an Arizona resident, told senators that the state “has not been a place where there have been big problems.” CN. http://bit.ly/2Yov3JO
Meridian Road groundbreaking will bring better roads to QC. “The project will extend Meridian from Cherrywood to Combs, providing an important north-south connector for Queen Creek and the region.” AZRE reports that the project’s first phase “includes an interim two-lane roadway, with a bridge over the Queen Creek Wash.” Check it out! http://bit.ly/2LklZjx
Goldwater Institute: Lawsuit possible over Sky Harbor rideshare fees. The Goldwater Institute has sent a letter warning the city of Phoenix that it could face lawsuits if it approves higher rideshare fees for Lyft and Uber at Sky Harbor International Airport. Read the letter in this RLGR report from Mike Sunnucks. http://bit.ly/363L3Dv
New hockey rink proposed in Mesa. If plans are approved, a paintball facility and an old bowling alley at Country Club and Main could morph into a hockey rink. For a bit more info, skate on through to Sunnucks’ report in RLGR. http://bit.ly/362cVYD
Cameron’s $5M + deals of the day – http://bit.ly/2PcD4Nx
As a supplement to the Dealmaker, we thought you might enjoy these articles!
Nutty bills at the Arizona Capitol — bills that die in a drawer. Just when you thought these very same “nutty bills” bit the dust at the close of the legislative session back in February, here they are again! — tracked down by Senior Reporter/Writer Phil Riske for RLGR. http://bit.ly/2YjgdUB
Bill would limit voter IDs. “Now, non-photographic forms of identification like bank and property tax statements, utility bills, vehicle registration, and insurance cards all work at the polls.” New Times reports Rep. “Kelly Townsend wants to do away with those options.” http://bit.ly/2RnIN5V
APS CEO, staff to appear before Corporation Commission. APS head honcho Jeff Guldner has RSVP’d that he’ll be there to answer commissioners’ questions “about the rate comparison tool that resulted in thousands of APS customers being put on the wrong plan.” ACT. http://bit.ly/2r5FvK2
Arizona abandons controversial effort to manage Clean Water Act permit program. “The reversal comes roughly 18 months after ADEQ first began the process of attempting to take over permits that are granted under Section 404 of the Clean Water Act.” New Times. http://bit.ly/2DJNDCm
Your name is what ever you want it to be. “What you want to call yourself legally is no one’s business but your own,” according to the state Court of Appeals, which ruled Tuesday that a Yuma County Superior Court “erred in declining name change for gender transition.” A CMS/Howard Fischer report in ACT. http://bit.ly/2OQpEYP
These adoption experts have been trying to stop attorneys like Paul Petersen for decades. “They’re glad that authorities are finally enforcing adoption laws and they’re hopeful Petersen’s experience will send a strong message to others working in the Marshallese community.” AZCentral (PAYWALL). http://bit.ly/2RheBcJ
