20 January 2023

Rose Law.Group

 


The Dealmaker is a daily note of the day's top real estate stories served just in time for lunch. Bon Appetit!
View this email in your browser
Click here to subscribe

Share Share
Tweet Tweet
Share Share
Forward Forward

Rose Law Group is hiring! Corporate attorney… Rose Law Group’s Mergers & Acquisitions/Corporate Practice is looking for a mid-level associate with 4-5 years of experience to join the team. The practice has a stellar reputation assisting in national and international transactions and provides an excellent opportunity to work on exciting M&A deals. Must haves: The candidate must have general transactional experience, with a focus on M&A transactions. Experience involving public companies and securities laws is an advantage. Candidates must have a can-do attitude, attention to detail, and client-centric approach. Job requirements:  • JD. Active State Bar of Arizona, in good standing • 4 to 5 years of experience • Previous large law firm experience is a plus • High level of academic achievement from a nationally recognized law school • Send resume to: Hopi Slaughter, HR Director, Rose Law Group pc  hslaughter@roselawgroup.com
 
Rose Law Group looking for a litigation attorney! Must have… Eight (8) or more years litigation experience • Excellent research and writing skills • The discipline and self-motivation to meet deadlines with quality results • The desire to provide excellent service to clients. Preferred: Excellent academic credentials and appellate or federal court clerkship experience. Send resume to:  hslaughter@roselawgroup.com.

AZ DEALMAKERS EVENT! Save the date! Because the 14th annual AZ Dealmakers event returns on Friday, February 17, 2023, with power panels and presentations offering exclusive insights from dealmakers on the latest for-sale and rental market housing trends and how to get deals done in the year ahead. Get data-driven local market updates from the industry experts. Featuring: Alan Jones (Division President, Lennar), Randy Grudzinski (Partner-Head Of Capital Markets,The Empire Group), Phillippe Lord (CEO, Meritage Homes), Heath Melton (President-Phoenix Region, The Howard Hughes Corporation), Steven LaTerra (CEO, TerraLane Communities), Emily Leppert (VP, BTR Acquisitions), Steven Hensley (Senior Manager, Zonda Advisory), Tim Sullivan (Sr. Managing Principal, Zonda Advisory), Ali Wolf (Chief Economist, Zonda Economics), with Jordan Rose (Founder & President, Rose Law Group) moderating the closing panel: Arizona Builder Power Panel: Strategies for Navigating The Year Ahead: Industry leaders will share insights and perspectives on navigating shifting demand, pivoting product, connecting with buyers, managing challenges, and more. Other presentations include… Economic Outlook for Housing: Get up to speed on the latest data and what to expect for the year ahead. Housing Forecast for Arizona: Find out how recent market shifts are playing out, zoom into regional differences, get insight into where deals are getting done, and explore areas of greatest opportunity. Musings with Meritage — What’s Next for Housing in the US? Hear how Meritage is leading through change, meeting the moment for entry-level, and raising the bar for energy-efficiency as it continues to impact the industry with its unique approach to professional development. The Evolution of BTR in Arizona: An exploration of the market for the build-to-rent product, with insights for builders and developers interested in the shifting landscape of BTR in Arizona. Get full details on the AZ Dealmakers event and register today:  https://bit.ly/3Wn24TB
________________________________________________________

BREAKING NEWS: Maricopa County Superior Court upholds Arizona Corporation Commission’s decision to reject SRP’s proposed Coolidge gas plant; Court Rich, Rose Law Group co-founder, weighs in. The big story: This morning, Maricopa County Superior Court Judge Randall Warner affirmed a 2022 decision of the Arizona Corporation Commission that denied Salt River Project a permit needed to build a large new 16-turbine gas-fired power plant next to the historically Black community of Randolph, Arizona. Background: The ACC initially reviewed SRP’s application and found the negative environmental impacts of the proposed Coolidge Generating Station outweighed the need for the project. SRP disagreed with the decision and appealed it to the Superior Court. In its appeal, SRP argued the ACC overstepped its bounds and illegally rejected the utility’s application. In rejecting SRP’s arguments, Judge Warner wrote, “[t]here is no real dispute that expanding the Coolidge Generating Station from 12 gas turbines to 28 would result in more noise, light, and air pollution, or that the project’s construction would cause noise and dust. SRP does not argue that the project will have no environmental impacts, but rather that the impacts will not be significant. Although the Commission would have been within its discretion to agree, substantial evidence supports the contrary conclusion it reached.” • Additional remarks: “I am just so happy for the residents of Randolph who never should have been put in this situation in the first place. SRP’s rushed proposal was too expensive and too polluting when compared to other cleaner and more reliable alternatives utilizing battery energy storage and clean solar energy,” said Court Rich, co-founder of Rose Law Group and counsel for intervenor, Sierra Club, in the matter. “SRP has now lost twice at the ACC and once in court; hopefully they will now finally give the people of Randolph a break and be done pushing this ill-planned project and instead focus on clean and reliable alternatives,” said Rich. RLGR. 


Andrew Turk, Rose Law Group partner and chair of litigation, participates in Superior Court settlement conference video. Alternative dispute resolution: Maricopa County Superior Court has produced an informative video that lays out the benefits of resolving a civil dispute through settlement conference as opposed to trial. FAQs: What is a settlement conference and why should you consider participating? Who presides, who attends, and where is it held? What should you expect during the conference and how can you increase chances for success? What if there’s no resolution? Get the answers to these and other questions by watching the video. And while doing so, keep your eyes peeled for Rose Law Group Partner and Litigation Chair Andrew Turk who helps out with a non-speaking role in a couple of scenes. http://bit.ly/3kqfkc5
 
Procter & Gamble closes on site in Coolidge. (Disclosure: Rose Law Group represents Saint Holdings, the landowner in the deal.) Done deal! Consumer goods giant P&G “is moving forward with its 2 million-square-foot manufacturing plant” following its close on “a 430-acre site” at “the Inland Port Arizona industrial park in Coolidge” for “$53.4 million” cash. Dealmaker: P&G “acquired the site from Pinal Land Holdings LLC, an entity connected” to Saint Holdings, “the master developer of the 2,700-acre industrial park adjacent to Nikola Corp.'s auto campus.” Timeline & team: PBJ reports that “the company is on schedule to break ground on the [$500 million] factory in 2023 with startup slated for late 2025. The company also said it's still in the process of site design and selection of partners such as general contractors.” Saint Holdings President Jackob Andersen said “P&G's presence helps establish Coolidge and Pinal County as a manufacturing hub with globally-recognized names… ‘That is validation for Pinal County, Coolidge and for IPAZ and us as developers.’” Ripple effect: “It could also bring suppliers for P&G to the area, Andersen said, adding that the company's potential suppliers ‘are going to be much more serious because they know they're dealing with a known entity that's been in business for 100 years.’" Economic impact: “At full build-out, the facility is expected to create 745 jobs and generate about $31.2 million in revenue for Coolidge over a decade, according to an economic analysis of the project.” http://bit.ly/3XNRi9x
 
Supervisors lament lack of funds to improve Pinal roads. (Disclosure: Rose Law Group represents a coalition of property and business owners throughout Pinal County who have worked to bring new transportation infrastructure to the region.) Uneasy street: “Scarce transportation dollars was a highlight of the Board of Supervisors’ discussion Wednesday of the Pinal County Strategic Plan.” Here are the key takeaways… Highway User Revenue Funds (HURF): “The Arizona gas tax has not been adjusted since 1991, and HURF revenues have been on the decline… Gasoline sales are down not just from electric cars, but better mileage from regular cars, ‘so to base revenue off gasoline sales is not good,” said Supervisor Steve Miller. Pinal Regional Transportation Authority: While the PRTA “tax was rejected” by voters in November, County Manager Leo Lew asked about trying again. Supervisor Mike Goodman “suggested 2026,” and “Supervisor Jeffrey McClure agreed,” saying “this would allow more time to educate the public.” U.S. MEGA grant: “Pinal had its hopes up for a $360 million U.S. MEGA grant to widen Interstate 10 from Casa Grande to Chandler but learned recently that had been declined… ‘I-10 will not be widened until somebody in Washington, D.C., decides to widen it. It just doesn’t rank high enough,” Miller said. Failure-to-deliver fallout: Miller said “the county has assured its new industries that transportation is forthcoming. That makes Pinal Economic Development Director James Smith’s job harder, because ‘that circle is pretty small, and they will talk.’’” On the bright side… For widening I-10, “$400 million in state funding has been approved and more is being sought.” Additionally, “Pinal County already has a half-cent sales tax for roads,” which “generates about $30 million per year for street and road maintenance and smaller construction projects.” Casa Grande Dispatch. http://bit.ly/3wk5Cuu
 
Final plats approved for hundreds of homes at Superstition Vistas. In the spotlight: Radiance, a 622-home community in Apache Junction. Recently, final plats “in four housing subdivisions” were approved for the D.R. Horton development at Superstition Vistas. The final plats are…  Parcel 19.3 for a 117-lot residential subdivision of approximately 30 acres zoned master planned community near the northeast corner of Ray Road and Reverence Road…. Parcel 19.4 for a 162-lot residential subdivision of approximately 33 acres zoned master planned community near the northeast corner of Ray Road and Grand Drive…. Parcels 19.6 and 19.7 for a 204-lot residential subdivision of approximately 50 acres zoned master planned community near the southwest corner of Solina Avenue and Ironwood Drive…. Parcels 19.10 and 19.11 for a 139-lot residential subdivision of approximately 42 acres zoned master planned community near the southeast corner of Solina Avenue and Reverence Road.” Check out the plats in Apache Junction Independenthttp://bit.ly/3J3d7gZ
 
Maricopa's largest apartment complex gets zoning OK. Waterman Butterfield Apartments: “The eight-building community” will have “seven, four-story towers” and “574 total units in three categories: market rate, workforce and senior (age 55+)… The approvals were for a minor General Plan Land Use Amendment for 20.2 acres at the southeastern corner of John Wayne Parkway and Maricopa-Casa Grande Highway to High Density Residential and a zoning change to Planned Area Development… Family workforce housing: 104 one-bedroom units, 64 two-bedroom units and 32 three-bedroom units in four buildings. Market rate apartments: 78 one-bedroom units, 60 two-bedroom units and 36 three-bedroom units in three four-story buildings. Senior housing: 160 one-bedroom units and 40 two-bedroom units in a single, internally accessed building with a central amenity courtyard.” A Main selling point: “‘This development is one of the first of its type in the city in that we have this Main Street concept where Honeycutt Avenue is going to lead into the project area where they are developing this main street,” said city planner Derek Scheerer, who touted this as a “primary selling point.” InMaricopa. http://bit.ly/3HjGz0S
 
Camelot grand opens north Phoenix community. Paradigm: Camelot Homes’ “gated enclave” features 12 “one- and two-story homes” situated “at 1718 E. Winchcomb Drive.” In house: “Homes range in size from 2,355–3,712 square feet, and offer 2–6 bedrooms, 2.5–5 bathrooms, and 2–6 car garages that come with a lift option.” Project team: Arizona Foothills Magazine reports that the “community was led by third generation homebuilder Trent Hancock” and.”designed by the local award-winning architecture firm The Ranch Mine,” with The Brokery “handling all sales.” http://bit.ly/3Wra8lu
 
California-based homebuilder names new division president in Arizona. Heather Cammiso: Landsea Homes puts out word in InBusiness that it has named the “veteran Arizona homebuilding executive” the “new President for the Arizona Division of the company.” President & COO Mike Forsum: “Heather’s nearly three-decade homebuilding career in Arizona has included overseeing all areas of a division, which will serve our team very well as we continue to provide best-in-class homes in this important market.” Cammiso’s story: She has worked with “Woodside Homes, Trend Homes, Hacienda Builders and Ryland Homes.” Most recently, she was “Division President of William Ryan Homes,” and “has managed all facets of homebuilding, including operations, sales, land, warranty, architecture, customer service and design center.” http://bit.ly/3ktWBMP
 
PepsiCo cuts ribbon on new Goodyear facility. It’s a wrap! Located at “3105 N. Cotton Lane,” the “238,000-square-foot facility will serve everything west of Phoenix, while bringing 65 new jobs to the area and house 300 employees at full capacity.” ‘That’s what I like!’ “This was really the perfect location. We are super proud and, again, couldn’t be happier,” said Josh Crosman, vice president GTM, strategy and transformation for PepsiCo Beverages’ North America West Division. One for the books: “It was revealed at the Jan. 12 event that the new Goodyear facility was the the fastest such facility to have been built in ‘the history of PepsiCo.’ — “it took just 10 months to get the building up from start to finish.” Geared up for the big game: “PepsiCo is the official soft drink of the NFL. Just one month away from Super Bowl LVII, opening a facility that is just 18 miles from State Farm Stadium, the site of the big game, is the perfect storm…‘We are absolutely ready. The team is going to kill it… I’m really proud of what we are going to do in a few weeks here in the Super Bowl,’” said Johannes Evenblij, PBNA West Division president. West Valley View. http://bit.ly/3ZUpaU6
 
Nikola launches first fuel cell mobile fueler. Fill ‘er up! Zero-emission semi-truck maker Nikola Corporation says “it has developed an innovative, heavy-duty… hydrogen mobile fueler capable of direct fueling hydrogen fuel cell electric vehicles (FCEVs).” Nikola President & CEO, Michael Lohscheller: “Nikola has spent the greater part of two years developing a flexible mobile fueling solution which cools and compresses hydrogen to rapidly fill 700 bar FCEV heavy-duty trucks.” The power of flexibility: “Nikola’s mobile fueler can refuel customer trucks back-to-back. This will deliver flexible hydrogen fueling solutions for our customers starting in 2023 and will complement Nikola’s permanent hydrogen fueling stations which are being developed.” Keeping things moving: “With a range of up to 500 miles, the Nikola Tre FCEV is expected to have among the longest ranges of all commercially available zero tailpipe emission Class 8 tractors.” Learn more in InBusiness. http://bit.ly/3ZRd2mt
 
Scottsdale Civic Center to begin reopening. ‘Event ready’: “After more than a year of heavy construction redeveloping the historic Civic Center area around Scottsdale City Hall to be ‘event ready,’ the new outdoor community venue is set to reopen” on Jan. 22. But not all of it… “The western two-thirds of the project will be the first to open.” That will include “the West Paseo from Old Town Scottsdale, West Bowl, 360 Stage, Civic Lawn and Marshall Gardens.” Finishing up: “The remainder of Civic Center is expected to be complete in late March 2023. This includes everything east of the Civic Lawn including the City Hall Lagoons, Water and Fog Plaza, Children’s Gardens and the East Bowl.” Price tag & wrap party: “Funding for the majority of the $33.5 million project was approved by Scottsdale voters in the 2019 bond election.” The “city is planning a community celebration in April to showcase the newly renovated public space.” Scottsdale Independent. http://bit.ly/3kuK63A
 
AAED top policy priorities for 2023. The Arizona Association for Economic Development is out with its “main policy priorities for 2023… ‘While the plan includes new elements, the original pillars of the organization - educate, advocate, and collaborate - remain the same,” says AAED Executive Director Carrie Kelly. Getting around & staying connected: “AAED supports mechanisms that encourage the development, maintenance, and improvement of transportation and broadband infrastructure, which results in business development and job creation.” Development agreement clarity: “Recent court decisions have called into question the appropriate use of incentives that have a direct benefit to Arizona communities. AAED supports policies that provide incentive use clarity to developers and municipalities throughout the state.” Arizona competitiveness: “AAED supports programs and policies that encourage businesses to expand in Arizona and enhance the state’s competitive position in attracting and retaining high-wage jobs.” Filling the workforce pipeline: “Supporting not only a healthy innovation pipeline but also a robust internship and craft training ecosystem have verifiable impacts on the overall economic health of our state.” Improve economic development tools: "Programs should reflect the state’s focus for business attraction, growth, and retention when compared to other parts of the world. AAED membership opposes unnecessary changes that reduce or delay existing and proven economic development tools and programs.” H2O so important: “Water is critical to continued economic growth: AAED applauds the Arizona Legislature and Gov. Doug Ducey for their investment in water conservation, reuse and augmentation projects.” RED News.
http://bit.ly/3Xssi7M


As a supplement to the Dealmaker, we thought you might enjoy these articles!


TODAY’S QUOTE

 
“You’re talking about a tax on something we have to have. Food is a necessity 

for everybody and the fact that its being taxed in my opinion is absolutely ridiculous,”

 

~ Rep. Leo Biasuicci on his bill 

to cut municipal taxes on food



Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group.  Rose Law Group is a full service real estate and business law firm practicing in the areas of family law, estate planning, land use/entitlements, real estate transactions, real estate due diligence/project management, Web3, crypto, Metaverse, smart contracts, special districts, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and cannabis, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess

 

No comments: