I was going to write about [the real-estate developer], but that can wait until next week.
Here on the ground in Phoenix, there are new apartments but mostly rumors of new apartments.
For example, the property on the southwest corner of First Avenue and Roosevelt across from Trinity Cathedral is a dark hulk. Two five-story stairway shafts and one floor have been built. But it looks much the same as it did three months ago. No work seems to be happening.
The Edison, just south of One Lexington on Central, has a fence up, some grading done, and that's it. Lennar's apartments at Central and McDowell are moving very sloooowww.
Maybe I'm spoiled by Seattle. About 200 buildings, many of them skyscrapers, have been completed, permitted, or are under construction just downtown over the past couple of years. Things come out of the ground fast.