AAED gives out its Golden Prospector Awards. Last week, Dealmaker mentioned Maricopa as an award recipient. But also recognized by the Arizona Association for Economic Development were Gilbert, Queen Creek, Phoenix, Pinal County, Peoria, Surprise, Scottsdale, as well as the Greater Phoenix Economic Council and East Valley Partnership. Get a rundown of their respective achievements in economic excellence, at AZ Business Magazine. http://bit.ly/2qJE1RL
Drewett Works wins five Gold Nugget Awards. That’s “more than any entity in the region,” reports Arizona Foothills Magazine in its news brief on Drewett Works’ honored projects. http://bit.ly/2Td5EzB
In which states did properties sell quickly in September 2018? Overall, “properties were typically on the market for 32 days (34 days one year ago), according to the September 2018 REALTORS® Confidence Index Survey.” Curious about “Seller Traffic” and “Days on Market” here in Arizona? Tap on for the heat-map data. http://bit.ly/2K3JL1D
Glendale to gain 192-unit apartment complex. Planning officials have approved a Shea Connelly Development request to build the Golden Lane Apartments on a 7.5-acre site at the SWC of Alice & 67th avenues, reports AZBEX. Tap on for an aerial view of the property, along with design and development details for the project. http://bit.ly/2qLBqqk
The good, bad and ugly of renting in America today. With a headline that brings to mind that classic 1966 Spaghetti Western starring Clint Eastwood, Apartment Guide blogger Ellen Sirull saddles up and trots over to AzBigMedia, toting some key takeaways from a report by The Joint Center for Housing Studies of Harvard University. Chief among the “bad and ugly”? Financially strapped renters needing more than just A Fistful of Dollars. http://bit.ly/2DH4HuM
Modular and other non-site built housing. An NAHB analysis shows that modular’s total market share was “3.3% of single-family completions in 2017,” which “represents a decline from years prior to the Great Recession.” However, in Eye On Housing, Chief Economist Robert Dietz expects that figure “to rise in 2018 and in the years ahead…” http://bit.ly/2QHRaWV
Phoenix City Council to meet in executive session to discuss possible arena deal with Suns. “City Council on Wednesday will have its second closed-door meeting in two weeks to discuss the Phoenix Suns and the downtown arena the basketball team calls home.” And right “now may be the best shot the Suns have at getting the city to foot at least part of the bill for arena upgrades.” Find out why at AZCentral. http://bit.ly/2OJzpVo
Macerich making it easier for online brands to open physical stores with new concept. Forbes reviews “BrandBox,” a new concept from Macerich that is “intended to help popular online brands open new physical stores without the typical leasing strings and red tape attached.”(Scottsdale Fashion Square gets a mention as one such Macerich property that is expecting a “BrandBox space.”) http://bit.ly/2z96bKu
Buckeye to consider annexing, developing controversial shooting site. “The parcel in question consists of 1,050 acres located off the Tonopah Salome Highway, west of Miller Road and north of I-10. BLM closed the controversial recreational spot in February following years of use for activities including target shooting.” West Valley View. http://bit.ly/2PT98sn
Pinal County Board report. This AJ News wrap-up of recent BOS business includes info on the “decisions clearing the way for construction of the Nikola Motors and Lucid Motors manufacturing facilities in Coolidge and Casa Grande, respectively.” http://bit.ly/2PYaK45
[VIDEOS] ADOT continues work on Pinal roadways. A new bridge. Fresh freeway lanes. Ongoing overpass construction. Reconfiguration of a left turn. Reports on each, plus four short videos showing how projects will look when finished, at Maricopa Monitor. http://bit.ly/2K6sDbi
Pollack: Economic picture remains positive. However, “the next two years should continue to be interesting.” That’s the overall takeaway in this rare Wednesday installment of a Veteran’s Day-delayed edition of The Monday Morning Quarterback. Data ‘Snapshots’ include… U.S.: • GDP • Consumer Sentiment • Credit • Non-Manufacturing Index. AZ: • Phoenix Housing Data – The Cromford Report. http://bit.ly/2OICKnB
VIRGIN AIR CONDITIONING? – Richard Branson launches $3 million prize for better AC. “The new competition is designed to provide an incentive to create higher-efficiency air conditioners [‘at no more than twice the cost’ of a ‘standard’ AC] and support startups in a field that’s currently dominated by a handful of major corporation.” Fast Company via Builder. http://bit.ly/2ODBrq1
Las Vegas Raiders stadium 30% complete a year after groundbreaking. “The building, currently about 80 feet high, is only half as tall as it eventually will be…. Don Webb, chief operating officer of StadCo, the Raiders’ stadium construction subsidiary, can’t believe that it was one year ago Tuesday that hundreds of people gathered for a ceremonial groundbreaking of the $1.8 billion project…” Las Vegas Review-Journal. http://bit.ly/2PrFJGm
10th Annual AZ DealMakers – January 11, 2019. Don’t miss out on the BIGGEST homebuilding industry event for real estate forecasting and analysis, featuring the best speakers in the industry, including Meritage Homes Chairman & CEO Steven J. Hilton and Christopher Todd Communities CEO Todd Wood. Plus, Belfiore Real Estate Consulting President & Founder Jim Belfiore provides an Overview on Housing. For the full list of speakers & panelists, along with registration info for Arizona Housing: Growth, Its Costs, Challenges & Opportunities, tap on! http://bit.ly/2LAvclq
