Phoenix Commercial News

E-Zine for the Week Ending June 27, 2018

SAVE THE DATE - FRIDAY, SEPTEMBER 14 (8 a.m. to 11 a.m.)

"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

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 www.HomeTownHeros.com

More information and registration will soon be available at www.KLCG-Events.com

SPONSORSHIP OPPORTUNITIES AVAILABLE! CALL JIM KASTEN AT 602.677.0655

Q1 2018 Apt. Owner's Newsletter

Mesa seeking developers for Falcon Tech Center

Mesa is seeking a company to lease and develop a technology-oriented business park on 70 acres of city-owned land near Falcon Field Airport. The site is on the southwest corner of Greenfield and McDowell Roads adjacent to the airport.

“It’s well positioned to support the growth of specific business sectors, which enhance the area, support Falcon Field Airport, create high-quality jobs for the community and enrich the businesses currently operating in and around the airport,” said Lori Gary , Mesa senior economic development project manager.

The city is seeking to develop a "high-quality business park" in line with growing tech business sectors. Mesa's vision is a campus-like setting that would ideally attract high-growth medical device and technology companies, Gary said.

Phoenix-Mesa Gateway posts best May, Allegiant increases capacity

Phoenix-Mesa Gateway Airport, the Valley’s secondary airport, saw the busiest May in its history and its passenger activity has grown for the past eight straight months.

“Even as temperatures in the Valley rise as we enter into the summer months, Gateway Airport continues to post record-setting passenger activity numbers,” said Jenn Daniels , Gilbert mayor and chairwoman of the Phoenix-Mesa Gateway Airport Authority, in a statement. Because of increased demand for flights at Gateway, Allegiant recently upgraded many aircraft based at the Mesa airport from

“Allegiant’s decision to upgrade its aircraft serving Gateway Airport is a sizable increase in investment in the Greater Phoenix region,” said J. Brian O’Neill , airport executive director and CEO, in a statement. “We appreciate Allegiant’s commitment to this market and are confident that our local air travelers and sun-seeking visitors will fill the additional seats."

Park Central can thrive again

Park Central was once a retail jewel in the desert, and it’s poised to become one again. The Plaza Cos. and Holualoa Cos. are about halfway through a $57 million project to revitalize the property at Central Avenue and Earll Drive. The idea is to transform it into a mixed-use project with restaurants, offices and other amenities.

Plaza and Holualoa have some experience with this at Scottsdale’s SkySong development. What complicates things at Park Central is the multitude of groups that own the mall’s various parcels. It will be an important project for that area of town, much in the same way SkySong helped revitalize the former Los Arcos Mall site in Scottsdale.

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