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ARE YOU READY TO SELL OR PURCHASE YOUR LAND OR COMMERCIAL BUILDING IN PHOENIX, SCOTTSDALE, MARICOPA COUNTY AND PINAL COUNTY, ARIZONA, CLICK HERE AND PLEASE CALL ME. 520-975-5207 or email me email@example.com
KASTEN LONG COMMERCIAL GROUP host quarterly market presentations to be a resource and provide market data to independent apartment owners. This week some of the biggest names leading the growth and transformation of the West Valley teamed up to highlight the activities that are greatly improving the economics and quality of life in the region.
Posted September 1, 2017 by AZRE. The Arizona Mulithousing Association in partnership with the Kasten Long Commercial Group host quarterly market presentations to be a resource and provide market data to independent apartment owners.
The Arizona Multihousing Association (AMA) in partnership with Kasten Long Commercial Group (KLCG) and Western Maricopa Coalition (WESTMARC) hosted an event at Grand Canyon University on Wednesday for a crowd of approximately 170-anttendees. It covered topics such as Grand Canyon University’s impact on West Phoenix neighborhoods, the history and future of Metrocenter Mall as well as a recap of the most significant commercial real estate projects coming down the pike in the West Valley.
GCU President Brian Mueller kicked-off the program with the story of the school’s unprecedented transformation over the past eight years, going from a bankrupt college to a $2 billion university with enrollment increasing from less than 1,000 to 16,000 and online enrollment improving from 12,500 to 55,000. In terms of community impact, GCU is also working with the local neighborhoods and public schools to enhance education and improve safety. Mueller noted part of GCU’s mission is to improve the quality of life for residents in the surrounding communities, which reflects the school’s Christian and educational values.
He was followed by Warren Fink, chief operating officer at Carlyle Development Group. Fink shared the history of Metrocenter and the planned revitalization of the shopping center, which was once the pride of the Southwest.
When Metrocenter Mall first opened in 1973 it broke numerous records. It was the largest mall in Arizona at 1.4 million square feet and the first two-story mall in the state. It was also granted a $21 million loan for construction, which marked the largest commercial loan in Arizona’s history at the time.
Future plans for Metrocenter include the opening of a super Walmart later this month at the south end of the mall. Fink also noted plans to add residential and office developments through new PUD zoning, following the completion of the light rail extension across Interstate 17 to the mall’s front doorstep.
Christine Mackay, director of economic development for the City of Phoenix, and Sintra Hoffman, president of WESTMARC, concluded the program with a look at projects that are now in-place and planned that will attract companies to the West Valley and provide many jobs.
According to a recent study, 69 percent of the workforce in the West Valley travels out of the area for work. With such a large skilled labor force already located in the West Valley, various groups like the City of Phoenix, WESTMARC and many others have focused on attracting companies to the area.
Overall, the West Valley looks to benefit from new companies and developments coming to the area, which in turn should continue to increase in value and demand.
The partnership between the AMA and KLCG is intended to be a resource and provide market data to independent AMA apartment owners, says Jim Kasten, CCIM, founder and designated broker at KLCG.
KLCG has held quarterly meetings in different locations across Metro Phoenix that focus on what’s currently happening and the projected projects that will change the economics of each area. The first meeting was in Tempe and the second meeting highlighted the hot Downtown Phoenix apartment market.
Meetings are open to everyone. Contact Jim Kasten, CCIM, at jim@KLCommercialGroup.com for information and details on future meetings.
Phoenix Commercial Real Estate and Investment Real Estate: Investors and Owner / Users need to really know the market today before making a move in owner user Commercial Properties, Investment Properties and land in Phoenix / Maricopa County, Pinal County / Arizona, as the market has a lot of moving parts today. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands Commercial Properties and Investment Properties. I am marketing my listings on Costar, Loop-net CCIM, Kasten Long Commercial Group. I also sold hundreds millions of dollars’ worth of Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also internationalClick here to find out what is a CCIM: https://en.wikipedia.org/wiki/CCIM
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HELP PH and Kast
- DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:
- The average age of the population is 34 years old.
- The health cost index score in this area is 102.1. (100 = national average)
- Here are some of the distributions of commute times for the area: <15 min (22.7%), 15-29 min (36.8%), 30-44 min (25.1%), 45-59 min (8.6%), >60 min (6.8%).
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.
Kasten Long Commercial Group tracks all advertised apartment communities, including those advertised by other brokerages. The interactive map shows the location of each community (10+ units) and each location is color coded by the size (number of total units).
Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
Please reply by e-mail firstname.lastname@example.org or call me on my cell 520-975-5207
Walter Unger CCIM
Senior Associate Broker
Kasten Long Commercial Group
5110 N 40th Street, Suite 110
Phoenix , AZ 85018
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