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Circle Records building development continues discussion. (Note: Rose Law Group represents Empire Group.) “[Empire Group] is proposing a multifamily project that… everyone agrees will set a new standard of excellence… Welcoming the tallest multi-family project in Phoenix, preserving the most significant parts of the Stewart building, employing architecture that pays homage to the Studebaker dealership that once operated there, and incorporating unprecedented massive exterior artworks from local artists…” — from a report inPhoenix Business Journal. http://bit.ly/2cQJc9f
Surprise ranked as one of the fastest growing in the U.S. This WalletHubanalysis “compared 515 U.S. cities of varying population sizes based on 14 key indicators of rapid economic growth…. from a period spanning 2009 to 2015…” With an interactive map along with “expert insight and a full description of [WalletHub’s] methodology,” this is a report that’s jam-packed with info and one you won’t want to skip. But heads-up: It may take a couple clicks to get there. http://bit.ly/2dYNZue
A 58-acre development in north Tempe will bring office jobs, apartments and a hotel to the area. “The [Grand] development at Priest Drive and Washington Street… is turning previously vacant land… into a multiuse project… [that] could eventually house 550 families and provide office space for 8,000 workers… The… development… is owned by [SRP]… through a subsidiary called Papago Park Center.” Further details along with a shot of the “first four-story office building” under construction, in AZCentral. http://bit.ly/2dcbPyC
Why Canadian businesses love Arizona. Toronto-based daily The Globe and Mail looks at how warm weather, direct flights, and a pro-business environment have all “helped to fuel the growth of Canadian-owned companies setting up shop in the state.” http://bit.ly/2dp8EsA
Pollack: Slowest expansion in American history. “Just how slow this expansion has been can be seen by the latest GDP release…. This dismal record is a result of, among other things, bad economic policy…. Whoever wins the election must change these policies or the results we have seen will continue” — and that kicks off this week’s edition of The Monday Morning Quarterback. Other topics…U.S.: Personal Income, Consumption & Savings, Consumer Confidence, Single Family Home Sales, CoreLogic Case-Shiller Home Price Index. AZ: Statewide Occupancy Rates, Case-Shiller – Greater Phoenix. http://bit.ly/2d0L3vs
Trump tax dodge common business strategy among housing types. With the recent revelation from the New York Times that Donald Trump “allegedly and legally” used a “$916 million loss to cancel out an equivalent amount of taxable income over an 18-year period,” HousingWire’s Brena Swanson looks at net operating loss (NOL) carrybacks, and how they are commonly used as a sound [i.e., no-brainer] tax strategy, both inside and outside the housing industry. http://bit.ly/2dqFBBS
Facebook’s ‘Marketplace’ lets real estate agents post property listings.“[Marketplace] users [can] pull up a search page where they can filter for listings based on location, category and price…. On listing pages, buyers can see a seller’s information and general location, and they can click tabs to ‘make an offer’ or send a message.” More on this new Facebook feature at Inman. http://bit.ly/2dONNyt
WELL, WHAT WERE YOU EXPECTING? – Single-family construction spending slows for 3rd month. “Public and private expenditures across all sectors was at a seasonally adjusted annual rate of 1.142 trillion, down 0.7 percent from July’s rate of 1.150 trillion and 0.3 percent below the August 2015 estimate of 1.145 trillion…. Analysts surveyed by Econoday had expected results in a range of -0.3 percent to +0.5 percent on a month-over-month basis.” — Mortgage News Daily. http://bit.ly/2d0LsxT
Predictions roll in: 2017 Housing forecasts. Can we “expect a hot year for home sales in 2017”? REALTORMag looks at “recent forecasts from… the Mortgage Bankers’ Association, Freddie Mac and Fannie Mae, and more.” http://bit.ly/2dqF6HX
Cameron’s $5M + deals of the day – http://bit.ly/2dqgU9n
7 great ways to enjoy The 6th Annual Bentley Scottsdale Polo Championships, Saturday November 5th- http://bit.ly/2cIIbTD |
