Phoenix Commercial News

E-Zine for the Week Ending July 4, 2018

SkySong

1475 N. Scottsdale Road, Scottsdale, AZ

"South Scottsdale: Where the World Comes to Play and Innovative Companies Excel"

Speakers will define the current and planned activities that will impact both residential and commercial property values and commercial businesses in South Scottsdale

W.J. "Jim" Lane, Mayor of Scottsdale
Danielle Casey, Dir. Of Econ. Dev. City of Scottsdale
Aaron Studebaker, SRPMIC (Talking Stick)
Todd Hardy, SkySong, ASU
SRP, Speaker To Be Determined

The Event will be a partnership between Kasten Long Commercial Group and American Title Service Agency and will provide financial and promotional support for a veteran's group HomeTown Hero Project www.HTHProject.com

More information and registration is available at klcg.events/register

SPONSORSHIP OPPORTUNITIES AVAILABLE! CALL JIM KASTEN AT 602.677.0655

Q1 2018 Apt. Owner's Newsletter

Copenhagen Furniture

2346 E. Southern Avenue, Tempe, AZ

2nd Town Hall Style Meeting - Exclusively for Apartment Owners

Network with Apt. owners - Best Techniques to Maximize Value

FREE for AMA Members, $10 for non-members

More information and registration is available at klcg.events/register

SPONSORSHIP OPPORTUNITIES AVAILABLE! CALL DAVE FLOWER AT 602-812-4260

North Phoenix apartment complex fetches $41 million in sale

Institutional Property Advisors sold a multifamily property in Phoenix for $41 million.

Adobe Ridge, a 224-unit complex was sold according to information released by Calabasas, California-based IPA. Aukum Group, a Larkspur, California-based private real estate investment company bought the complex, according to Steve Gebing , senior managing director of IPA. The combination of local and physical attributes, and it being a prime candidate for apartment interior renovations makes Adobe Ridge a great catch, Gebing told the Phoenix Business Journal. The multifamily market across Phoenix has been going strong of late with several complexes switching hands. New apartment construction also has been booming in recent years as the economy has come back strong and more people are moving to the region.

Facebook holds free small business seminar in downtown Phoenix

Facebook Inc. (NASDAQ: FB) is holding a free program July 9-10 in Phoenix to help small businesses grow and to give more people the digital skills they need to compete in today’s economy. The program is called Community Boost. The courses are free to attend and will focus on using Facebook and Instagram to help grow an audience and giving individuals skills that make them more valuable to their companies. “No matter where you live, small business is the backbone of the community,” said Doug Frisbie, Facebook’s global marketing director of small business. Frisbie said Facebook’s push to help small businesses use the social media platform to grow, goes hand-in-hand with its other messages of growing community.

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

Q1 2018 Apt. Owner's Newsletter

Kasten Long Commercial Group

Jim Kasten, CCIM - Designated Broker

602 445 4113 Office 602 677 0655 Cell