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E-Zine for the Week Ending July 26, 2017
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The Commercial Event of the Summer
When: Wednesday, August 30th, 4-7 pm
Where: Grand Canyon University
Speakers: Brian Mueller, GCU President; Warren Fink, Carlyle Development Group (Metrocenter); Sintra Hoffman, President (WESTMARC); Christine Mackay, Dir. of Economic Development (COP)
Highlighted Speaker Information
Sintra Hoffman - President & CEO at WESTMARC
Sintra Hoffman is the President and Chief Executive Officer of WESTMARC. She previously served as Assistant Division Director for the Arizona Department of Transportation (ADOT). Her professional background includes more than 19 years experience in local, state and federal government. Sintra lead ADOT’s Office of Public Affairs which focused on building and sustaining relationships with leaders in Arizona’s cities, towns, counties and business community. Prior to her time at ADOT, she spent 10 years with the City of Surprise, serving as the Director of Intergovernmental Relations and Deputy City Manager. Sintra has been recognized for her accomplishments in transportation lobbying and problem solving. She holds a bachelor’s degree in Business Administration and Masters of Administration in Public Administration.
KLCG has partnered with the AMA and WESTMARC to host the August 30 event at GCU
The West Valley - "The Next Best Place to Invest"
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Phoenix is retrofitting streets throughout the city with the goal of making them friendlier to bicycles and pedestrians. Some streets are losing vehicle lanes under proposed projects. Others are getting new street lighting, bike lanes and intersection improvements. The Phoenix City Council highlighted the changes as a priority for the city when it recently approved a "complete streets" policy. The aim is to improve infrastructure for multiple modes of transportation and will include modifying the Street Transportation Department’s design guidelines.
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The vacancy rate in the Phoenix market for industrial space came in at 9.2 percent in the second quarter, according to Commercial Properties Inc. That is down 4.1 percent from the previous quarter, according to CPI. That looks pretty good and looks even better when compared to a Phoenix regional office vacancy rate that still is near 20 percent.
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The Phoenix downtown and central corridor market is revitalized with an influx of commercial real estate property growth as 16th Street becomes a new hub for commercial real estate development. “We are at the top of the market prices and numbers we have not seen in 10 years,” said SVN Desert Commercial Advisor Paul Borgesen in a prepared statement, adding that SVN has listed, leased and/or sold more than 25 listings down 16th street.
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12,759 Units Under Construction
In addition to the 12,759 units currently under construction, there are 19,254 planned and 9,137 units noted as Prospective. That's a total of 41,150 units.
Email Jim for detailed list of new construction or use the map link above.
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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.
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Kasten Long Commercial Group
Jim Kasten, CCIM - Designated Broker
602 445 4113 Office 602 677 0655 Cell
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