What a week at Kasten Long Commercial Group! We would like to send a special THANK YOUto everyone that joined us at the D-Backs game on Tuesday!
But like I said; it was a quite a week. Linda Fritz-Salazar, Associate Broker, and Scott Trevey, CCIM presented another engaging presentation at the CCIM monthly meeting this morning! If you haven't seen it, LET US KNOW!
Sometime in mid-2016, lenders got a little more cautious — even skittish — about the nation's darling property type, multifamily. Even so, lenders are willing to bet on development in some markets, such as Phoenix, more than others. We spoke with Walker & Dunlop's Brandon Harrington and Matthew Steffen in the Phoenix office about multifamily lending and the Phoenix market.
Both private and public spending were up for the month and from the same time last year, according to the Census Bureau's latest report. U.S. construction spending during February came in at an annualized rate of $1.192 trillion, or 0.8 percent above the January figure, the Census Bureau reported on Monday. The February figure is also 3 percent above the February 2016 total.
The Phoenix City Council voted unanimously to sell the Translational Genomics Research Institute headquarters on the Phoenix Biomedical Campus in downtown Phoenix. TGen, with major funding provided by its new partner Los Angeles-based City of Hope, has agreed to cover the $68M, plus an additional $3M in cas
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.
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.