By Jennifer Purifoy | I Kasten Long Commercial Group IFebruary 14th, 2018
The Phoenix Metropolitan Area makes up the central part of Arizona, totaling over 9,000-square-miles. Also referred to as Greater Phoenix, this region includes both East and West Valley cities, but the City of Phoenix only accounts for 517-square-miles total, which can lead to confusion when talking to people from out of town or state, whether it’s a relative, friend, business owner, investor or site selector.
Keeping that in mind, the Kasten Long Commercial Group (KLCG), Arizona Multihousing Association (AMA) and East Valley Partnership (EVP) held an event at the Mesa Arts Center on Wednesday, January 31, highlighting the new branding of the East Valley, now referred to as “PHX East Valley.”
The event’s speakers suggested with the overall strong job and populations growth combined with the area being able to expand its boundary to the south and southeast, the PHX East Valley may soon be the “fastest growing area in the United States.”
Speakers from KLCG, Scott Trevey, CCIM, and Linda Fritz-Salazar, defined the status of the current real estate cycle, plus the need for more apartments and the existing investment opportunities in “B” and “C” class apartments in the PHX East Valley.
John Lewis, president and CEO of EVP, looked at six particular markets in the PHX East Valley, including, Apache Junction, Chandler, Gilbert, Mesa, Queen Creek and Tempe. Lewis highlighted the Phoenix Mesa Gateway Airport expansion and the 275-square-mile Superstition Vista project that is master-planned for 800,000 people as well as major projects in each of those six markets.
Other takeaways include media stories and reports that noted:
- — Tempe being the No. 1 growth city in the U.S.
- — Two of the best cities to find a job in the U.S. are in the PHX East Valley.
- — Greater Phoenix population is projected to reach 7.755 million in 2050, with the existing PHX East Valley expected to have a population increase of one-million people and an additional of 400,000-plus new jobs.
Jaye O’Donnell, assistant director of economic development for the City of Mesa, provided an overview of recent investment and additional development opportunities throughout Mesa’s five economic development hubs, which included the Fiesta Mall and the opportunities that may be available with its possible transition to high-tech office, education and healthcare.
Overall, she noted rising employment opportunities across Mesa and an increasing demand for affordable housing to keep pace. “We want market rate housing and density,” she said.
Scott Smith, CEO of Valley Metro, then gave insight into light rail expansion efforts in PHX East Valley, the significance of being connected to Greater Phoenix and where the investment opportunities are being created along the current and proposed light rail.
Smith described investment in infrastructure as “the glue that holds everything together.” He added, the $1.9 billion capital investment for the light rail project has spurred a total of $10.1 billion of additional capital investment, of which $7.8 billion has come from the private sector.
Looking ahead, Smith foreshadowed plans in the works for the South Central Light Rail Expansion, which will potentially connect four different districts and lead to the addition of a second line and a station at CityScape similar to a Grand Central Station in the heart of Downtown Phoenix.
KLCG formed a partnership with the AMA in 2017 to be a resource for their members that own and manage apartments. KLCG is a full-service, commercial real estate brokerage with a focus on multifamily brokerage and research in Metro Phoenix since 1998. Founded over 50 years ago, the AMA is the statewide trade association for the apartment industry, representing more than 2,000 members in legislative, legal and regulatory matters.
This was the fourth event for the partnership, each selecting different locations across Metro Phoenix with a focus on the current and planned activities in the selected area that will have an impact on property value. Information provided at each event is posted on www.KLCG-AMA.com.
SEE IT ALL: http://klcommercialgroup.com/news/whats-happening-rebranded-phx-east-valley/
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 walterunger@ccim.net
Timeline of Arizona from 900 BC – 2017
WHY PHOENIX? AMAZING!!! POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”
FROM ME:
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
PLEASE CALL ME 520-975-5207 OR E-MAIL ME walterunger@ccim.net
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 walterunger@ccim.net
HELP PH and Kast
WEEKLY APARTMENT CLOSING UPDATE THROUGH February 9, 2018/ Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH February 2, 2018/ Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH January 25, 2018/ Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH January 19, 2018/ Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH January 12, 2018/ Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH January 5, 2018 / Phoenix Arizona Metro.
8 Reasons You Should Invest in Land
Timeline of Arizona from 900 BC – 2017
WHY PHOENIX? AMAZING!!! POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”
DOT – LOOP 202 / SOUTH MOUNTAIN FREEWAY / PHOENIX AZ – UNDER CONSTRUCTION
ARIZONA FACTS – YEAR 1848 TO 2013
- 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%).
PHOENIX PROJECTED AS NUMBER ONE US HOUSING MARKET FOR 2017
LIST OF ECONOMIC DEVELOPMENT PROJECTS IN PINAL COUNTY, REVISED 2-14-17
Reasons to Consider me for Commercial Referrals – I have the Knowledge and Experience
Click here to View My Listings and Profile
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Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
2016 Official Arizona Visitors Guide
Timeline of Phoenix, Arizona history
Facts of Arizona – year 1848 to 2013
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.
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Check out my professional profile and connect with me on LinkedIn.
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 walterunger@ccim.net 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
Direct: 520-975-5207
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