E-Zine for the Week Ending January 17, 2018

PHX East Valley - the Fastest Growing Area in the U.S.

How will that Affect you or Your Clients

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

The information is what every property owner, apartment owner/manager, commercial and residential developer AND all real estate agents working in PHX East Valley need to know. These are the “Best of the Best Speakers”, the individuals that make the changes. ALL AT ONE EVENT! In Addition, representatives from EVERY PHX East Valley Economic Dev. Group will be available to answer any ques-tions and provide specific details on any of their current and planned projects! EVENT DETAILS: Limited Seating! We do not want to turn anyone away - please register ASAP. This is the only PHX East Valley event we will hold in 2018.

Apple says it plans to build a new U.S. Corporate Campus, create 20,000 jobs Apple is gearing up to build another corporate campus in a yet-to-be-announced American city and increase its workforce across the U.S. by 20,000 new employees over the next five years, the iPhone maker said Wednesday. The news comes packaged with  Apple’s announcement Wednesday  that it plans to “invest,” or generate, more than $350 billion for the U.S. economy between now and the end of 2023. The Cupertino-based company did not detail how it came up with that dollar figure.

No Joke. It Really Is Different This Time...Right? Saying “it’s different this time” has long been a surefire way to elicit a laugh with an audience of commercial real estate professionals. After all, there are few things more certain than the cyclicality of the industry. Many of today’s leaders cut their teeth by finding profit in the S&L crisis in the early 1990s. So ingrained are cycles that a common way of denoting time is to reference the series of busts that follow the booms—the Russian bond crisis, 9/11, the global financial crisis, etc.

Value-Add Opportunities in the Multifamily Sector Getting Harder to Find Investors are still looking for apartment properties that can be renovated to earn more rental income. But properties with value-add potential are becoming more difficult to find. “There are very few properties left that are easily diagnosed as value-add opportunities,” says John Sebree, first vice president and director in the national multi housing group of brokerage firm Marcus & Millichap. “A lot of that product has already been upgraded."

16,731 Units Under Construction In addition to the 16,731 units currently under construction, there are 11,100 planned and 12,727 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