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The Dealmaker: 7/09/2019

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The Dealmaker is a daily note of the day’s top real estate stories served just in time for lunch. Bon Appetit! Subscribe here to receive the Dealmaker to your inbox

Phoenix apartment rental rates on rise, causing affordability concerns.Real estate consultant Jim Belfiore checks in with PBJ on how “more affordable units are needed in metro Phoenix” as “typical rents” are “becoming too expensive for the typical person to afford.” (Subscriber Content) http://bit.ly/2Jq1UYQ

Pollack: Wow! Take the 4th of July (Pollack’s fav holiday), fuse it with a June jobs number that blew away expectations, and it’s no wonder the Monday Morning Quarterback is exploding with enthusiasm! Data fireworks include: U.S. • Wages • Manufacturing • Construction Spending. AZ: • Apartment Market – Phoenix • Housing Activity – Sales & Builds. http://bit.ly/30nZJKS

Brookfield selects first 2 homebuilders for West Valley master-planned community. And those first two builders selected for the initial phase of Brookfield Residential’s “1,130-acre Alamar master-planned community in Avondale” are… Shea Homes and Landsea Homes! PBJ (Subscriber Content). http://bit.ly/2XXuqJ6

Pulte’s Lundberg takes the reins in Arizona. Rebecca Lundberg was promoted recently to division president of Pulte’s Arizona operations after serving as VP of operations in the company’s Northern California division. In Builder, the UA grad talks about her return to Arizona and the “distinct differences” between the two “red hot” real estate markets. http://bit.ly/2S92xsy

Trammell Crow proposes $60M apartment redevelopment on Scottsdale Road. The 279-unit multifamily development called Alexan Scottsdale is proposed for Scottsdale Road and Palm Lane. Reporter Mike Sunnucks has details inRLGRhttp://bit.ly/2XRtlTb

Cities where people are spending the most on housing. How much are homeowners in Phoenix, Mesa and Tucson spending on housing? How do those monthly housing nuts compare to what homeowners in other cities across the country are shelling out? SmartAsset takes a look. http://bit.ly/2NJPorl

2019’s Best & Worst Cities for First-Time Home Buyers. And when it comes cracking WalletHub’s list of the top 30 cities for first-time buyers, FIVE Valley locales have bragging rights! http://bit.ly/2S55UjU

Mesa’s biggest office complex threatens Cubs parking. The Union is a 1.3-million-sq.-ft. office development that “would replace the soccer fields” which “double as critical parking lots” for Cubs games. However, Economic Development Director Bill Jabjiniak expresses confidence that any parking concerns “could be worked out.” EVT. http://bit.ly/2S8Ru2j

Long-awaited South Mountain Freeway will spark economic growth. The area “is ripe for development,” says Phoenix Deputy Economic Director, Lori Collins. And that opportunity certainly hasn’t escaped Trammell Crow and Kitchell Corp., both of which already have projects underway. AzBigMedia. http://bit.ly/2NK3I2V

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

Click here for 2019 Arizona Legislative News

Button up belly boys. Senior Reporter/Writer Phil Riske enlightens with a lesson in sartorial history as he grumbles about the bottom buttons of our suit jackets and blazers — in RLGR “Growlery.” http://bit.ly/2NJtuEn

Arizona police agencies gather, share license plate data, but few ensure rules are being followed. Automated license plate readers have critics of the technology doing a tremendous amount of handwringing in this AZ Mirror report. (RELATED: “How do automated license plate readers work?”) http://bit.ly/2G0Rf4A

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