E-Zine for the Week Ending January 3, 2018

KLCG, AMA, and the East Valley Partnership Present

The East Valley - Know Where to Invest and When to Sell

Event Info Date: Wednesday, January 31st Time: 3:30 - 6pm Location: Mesa Arts Center 1 E Main St, Mesa Register Now

Speakers K asten Long Commercial Group - Multifamily Panel Scott Smith, CEO Valley Metro – Light Rail (former Mayor of Mesa) William Jabjiniak, Director of Economic Development, City of Mesa John Lewis, CEO East Valley Partnership (former Mayor of Gilbert)

See how many stores Aldi is looking to open in Arizona German grocer Aldi could land between 30 and 40 new stores in Phoenix as it enters the Arizona market. That is according to  Judi Butterworth , a veteran commercial estate broker and senior vice president at Orion Investment Real Estate in Scottsdale and  John Jackson , an associate vice president with Colliers International (Nasdaq: CIGI). Both Butterworth and Jackson specialize in retail real estate.

No Parking: AVs Will Reshape Commercial Real Estate, Too, Transwestern Predicts The dawn of autonomous vehicles is going to bring disruption with a capital "D" to industries around the world. And these industries only begin with the obvious verticals such as car-making, mass transport and trucking logistics. Transwestern Commercial Services is trying to help participants in its own industry, commercial real estate, anticipate the big changes that autonomous driving is likely to bring to their realm, too. An expected decline in parking demands will be one of the big drivers .

What's the Verdict on Urban VS. Suburban CRE Investments In the recent past, it has been widely believed that urban markets triumphed over suburban ones to such a degree that many institutional investors avoided the suburbs altogether. Now, many are  insisting suburbia is making its comeback and perhaps surpassing urban markets for investment opportunities . This is understandable. Originally, it was predicted that the millennial generation would differ from their baby boomer parents and reside in large metropolitan areas in hip loft apartments, walking to the nearest farm-to-table eatery and eschewing cars altogether.

16,704 Units Under Construction In addition to the 16,704 units currently under construction, there are 11,837 planned and 12,019 units noted as Prospective. That's a total of 40,560 units.  Email Jim for detailed list of new construction or use the map link above

Map of Apartments Available We keep track of all apartments advertised. The interactive map shows the location and quantity of units advertised in Phoenix Metro area.  CLICK HERE for a detailed list of Apartments Available or use the map link above.

KLCG Property Listings

Q3 Apartment Market Newsletter

Kasten Long Commercial Group Jim Kasten, CCIM - Designated Broker 602 445 4113 Office 602 677 0655 Cell www.KLCommercialGroup.com