May 29, 2019

How to Maximize Apartment Value and Keep Your Profit

By |2019-05-29T17:14:06-07:00May 29th, 2019|

Kasten Long Commercial Group 5th Town Hall Meeting for Apartment Owners and Related industry June 12, 2019 5:30 – 6:00 pm  Registration and Networking 6:00 – 7:30 pm  The Program 7:30 – 8:00 pm  Post Program Networking Location 24th St Conference Center 1841 N 24th Street, Phoenix, AZ The Program: Update [...]

May 2, 2019

Amazon Adds More Acreage for their Westside Facility in Tucson

By |2019-05-02T20:07:52-07:00May 2nd, 2019|

Amazon Adds to their Westside Facility in Tucson Amazon recently added a third parcel of 1.3 acres, paying $9.00/sf, to their Westside land assemblage located just west and adjacent to the I-10 and I-19 (Interstate to Nogales) interchange. In Tucson, AZ  The seller was represented by Walter Unger, CCIM, Kasten Long [...]

May 2, 2019

12-Unit Mesa Apartment Community Sells for $106,250/unit

By |2019-05-02T16:23:44-07:00May 2nd, 2019|

The 12-unit Higley-University Apartments closed escrow on April 24, 2019 for $1,275,000 ($106,250/unit) at an existing 7.2% CAP rate. The buyer was a local investor. The property is part of Dreamland Villas, a 55+ age restricted community located at 5233 E University Drive, Mesa, AZ and is within a County Island. Most [...]

May 2, 2019

Downtown Mesa Apartments Sell for $171,250/unit

By |2019-05-02T14:05:49-07:00May 2nd, 2019|

Four condo-mapped townhomes plus a common area parcel (5 total parcels) closed escrow on April 30, 2019 for $685,000 ($171,250/unit) at an existing 6.5% CAP rate.  Constructed in 2002 and located at 410-426 N Drew St., the property is adjacent to the Mesa Convention Center and central to the cultural and [...]

September 21, 2018

Southern Scottsdale – Where the World Comes to Play and Innovative Companies Excel

By |2018-09-21T10:28:26-07:00September 21st, 2018|

Southern Scottsdale Primed for Jump in Property Values – SRP Confirms Long-term Water Supply for Entire Valley On Sept 14, 2018, the Kasten Long Commercial Group (KLCG) in partnership with American Title Service Agency hosted a unique educational event at SkySong.   Some of the best speakers in their field defined the economic [...]

June 8, 2017

2414 W Devonshire Avenue 16 units sold June 9,2017

By |2017-08-24T19:52:53-07:00June 8th, 2017|

On June 9th, 2017, the 16 unit Devonshire Apartments located at 2414 W Devonshire Avenue in Phoenix sold for $1,000,000 ($62,500/unit) and was purchased by an exchange buyer out of southern California. The building was acquired by the seller in September of 2016 for $780,000. After installing automated entry/exit gates and [...]

September 24, 2013

Jim Kasten Introduces the Scottsdale Area Assoc of Realtors’ Commercial Services Committee

By |2017-10-04T14:31:07-07:00September 24th, 2013|

In the summer of 2012, the Scottsdale Area Assoc. of Realtors (SAAR) created the Commercial Services Committee and selected Jim Kasten, CCIM to be the chairman.  Jim is also the owner and designated broker of the very successful Kasten Long Commercial Group (www.KLCommercialGroup.com), a full service commercial real estate brokerage with [...]