05 July 2019

Approved Real Estate Deal Maker News from Rose Law Group Report

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The Dealmaker: 7/03/2019
Posted by   /  July 3, 2019  /  No Comments 
The Dealmaker is a daily note of the day’s top real estate stories served just in time for lunch. Bon Appetit!
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Mesa OKs deal to bring $1B Google site to city. 
Reporter Mike Sunnucks covered the lead-up to Mesa’s action on a development agreement with Google for the massive data center. Here’s AzBigMedia with a post-approval wrap-up.http://bit.ly/2XL3Lzd  
 
Judge: Arizona attorney general’s lawsuit against ASU hotel deal can proceed, for now.
 “The gift clause argument moving forward means the Omni deal’s legality is unsettled. If [AG Mark Brnovich] succeeds with the lawsuit, the arrangement could fall apart and other real estate deals the university enters into could be in jeopardy.” AZCentral. http://bit.ly/2Nykj9K 
 
Goodyear sticking with Nike deal. 
The city will move forward with the deal to bring Nike’s $184.2 million, 505-worker manufacturing plant to the area after Gov. Doug Ducey said he was yanking any potential state support for the project. In a statement, Mayor Georgia Lord is upbeat about the positive economic impact the Nike plant will have. Read/WATCH via Mike Sunnucks’ report inRLGRhttp://bit.ly/2Js61SK

Your questions about Arizona Gov. Doug Ducey, Nike and the Goodyear plant deal, answered. 
How will nixing financial incentives impact the state’s economy? Did Gov. Ducey exceed his authority in “pulling state aid — and even offering it to begin with”? AZCentral answers. http://bit.ly/2XI61XX 
 
Rents moving higher in the sun belt.
And as far as “fastest-rising rental markets” go, Phoenix is heating up more than any other metro in the U.S.!Builder. http://bit.ly/2Xlk0Pt 
 
After two failed searches, Flagstaff brings Greg Clifton on as new manager. 
Clifton, who has muni-managed Telluride and Vail, Colorado, will replace “Barbara Goodrich, who has been in the position since former city manager Josh Copley suddenly resigned in February 2018.” Daily Sun. http://bit.ly/2Jl2NR3

Will up-zoning make housing more affordable? 
Governing: “Rezoning a city to make neighborhoods denser is an idea with growing appeal. The question is whether it works.” Seattle and Minneapolis apparently think it will. (So does the state of Oregon — see story below). http://bit.ly/322qne1 
 
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As a supplement to the Dealmaker, we thought you might enjoy these articles!
Click here for 2019 Arizona Legislative News
$250,000,000 air attack! Arizonans will see more political ads than folks in every other state (but two). “TV, radio and digital ads will bombard Arizona between now and November 3. 2020.” Advertising Analytics did the ad-expenditure forecastingArizona’s Politics has the numbers. http://bit.ly/2XlbFjs

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