| Rusty Lyon, the mall developer who changed the way Arizona shopped, dead at 86. “People who worked with Lyon remember him as a kind and friendly man who was often the smartest person in the room,” pens Catherine Reagor, whose piece in the The Republic looks back on the life and career of this “visionary developer who saw metro Phoenix’s growth coming and launched most of the area’s most popular malls.” http://bit.ly/2dZhY5q
Construction unemployment rates improve in 32 states. AZBEX looks at the results from the “analysis released Monday by Associated Builders and Contractors (ABC).” So how’s Arizona doing? Click through to “[v]iew states ranked by their construction unemployment rate, their year-over-year improvement in construction employment and monthly improvement in construction employment.” http://bit.ly/2fa7VbJ
East Mesa golf community homeowners take destiny by the horns: Course purchase may be lesson for others. “Threatened by the sale of their 27-hole public golf course, about 400 of the approximate 2,430 Sunland Springs homeowners banded together and bought it from owner Farnsworth Companies in January for $1.19 million.” And now these homeowners plan to build some condos and a strip mall on the course. Joking. Details of the deal, in East Valley Tribune. http://bit.ly/2frSfnp
Pollack: Arizonans more confident in state economy since 2007. But before delving into Arizona’s “confidence,” the Monday Morning Quarterbackhands out the horrifying facts surrounding the Affordable Care Act, and then asks the timely question, “How’s that for a scare?” U.S.: Jobless Claims, Real Gross Domestic Product, Decline in Consumer Confidence, Consumer Sentiment Index, Manufacturers’ New Orders, S&P/Case-Shiller National Home Price Index. AZ: Unemployment Claims, Consumer Confidence – Residence of Maricopa County vs. Pima County [See Chart], Case/Shiller index for Greater Phoenix. http://bit.ly/2f6GsK7
2 kinds of homebuyers are driving a surge in home sales. “According to the [National Association of Realtors] annual profile of homebuyers and sellers, published on Monday, 17% of first-time homebuyers are single women. That’s more than double the rates for single men…. [And, the] number of first-time buyers increased to its highest level since 2013. NAR’s chief economist Lawrence Yun weighs in on this “rebound” of “first-timers and single women’ — at Yahoo Finance. http://bit.ly/2frKEFq
Buyers in the West drive home sales up in September. CNBC’s Diana Olick looks at why home sales are “flying off the shelves… out West,” despite “some of the lowest inventory in the nation and the highest prices.” http://bit.ly/2f9GMoH
A ‘State of the City’ Address, City of Maricopa; Growth & Opportunity Abound for Retail, Homebuilding & More. When we posted this invite last week, we overlooked a significant starting-time misprint: The event gets underway with a HAPPY HOUR at 4:30 p.m. NOT 4:30 a.m., which would be wayyy too early, even for those with huge drinking problems. So, once again, for RSVP info — (actually, for the ENTIRE invitation, complete with date and correct starting time) — click here: http://bit.ly/2ezmeb1
Dealmaker BONUS: Attendance has its privileges: Hang out with Warhol, Miro and Picasso this Saturday. “Purchase any ticket to The Bentley Scottsdale Polo Championships: Horses & Horsepower this Saturday and be automatically registered to bid at the Valley’s most interesting live art auction.” Learn more here: http://bit.ly/2ejOVbC
Cameron’s $5M + deals of the day – http://bit.ly/2fe2eId |
