Archive for July, 2007

AZ Central – Priciest Valley Homes for week of 07-23-2007

Jul. 24, 2007 08:44 AM A mortgage broker, a CEO, a former Phoenix Coyote, a former CEO of Scottsdale Healthcare and a vice president of an international securities company are among the buyers and sellers in this week’s priciest home sales.

$3,175,000 Phillip A. Sollomi Jr. and Carolyn L. Sollomi, as trustees of the PAS-CLS Revocable Trust, purchased a 7,198-square-foot main home with 830-square-foot guest house and 400-square-foot pool originally built in 2000 at Royal Palm Estates in Phoenix. The main house has four bedrooms and garage space for five cars. Phillip Sollomi is a mortgage broker with Mortgages Ltd. in Phoenix. The home was sold by John H. Weber, president and CEO of Remy International Inc., a manufacturer and distributor of starters and alternators, diesel engines, locomotive products and hybrid power technology.

$2,850,000 Richard Rogel paid cash for a 6,400-square-foot home with 400-square-foot freeform pebbletec pool with boulder waterfall, spa and fire pit overlooking the Pinnacle Golf Course in Scottsdale. It was originally built in 2001. The house has four bedrooms and five and a half bathrooms, rear projection and THX surround sound theatres, gourmet kitchen with two-way ledge stone fireplace, workout room, music room and guest quarters with full kitchen. The home was sold by Patricia Roglin of Peoria.  

$2,646,000 Scott Leventhal and his wife, Heather, of Scottsdale bought this 5,449-square-foot home with 450-square-foot pool originally built in 2006 at DC Ranch in Scottsdale on the east side of the Country Club at DC Ranch. The home was sold by Tyson S. Nash and his wife, Kathleen, of Kelowna, British Columbia, Canada. Nash, a professional ice hockey left winger, was traded to the Toronto Maple Leafs by the Phoenix Coyotes for Mikael Tellqvist and a fourth-round draft pick in November. Nash currently is on the roster of the Toronto Marlies of the American Hockey League.

$2,500,000David E. Lawson and his wife, Ellen, of Scottsdale purchased this 5,302square-foot home with 550-square-foot pool originally built in 1989 in Paradise Valley west of the Gainey Ranch Golf Club. The home was sold by Max Poll and Judith R. Poll, as trustees of the Max Poll and Judith R. Poll Trust. Max Poll retired last year after 13 years as president and CEO of Scottsdale Healthcare.

$2,485,000 John W. Catalfio and his wife, Donna, of Phoenix purchased a 2,518-square-foot home with 360-square-foot pool originally built in 1989 at Mary Katherine Estates in Scottsdale west of the Ancala Country Club. John Catalfio is vice president, investments/branch manager of Euro Pacific Capital, a broker/dealer specializing in international securities. The home was sold by Leslie T. Kutasi and Michelle G. Kutasi, as trustees of the Leslie T. Kutasi and Michelle G. Kutasi Family Trust. Researched by John McLean and the Information Market. 

AZ Republic – Fountain Park is being updated

Beth Duckett
The Arizona Republic
Jul. 23, 2007 10:41 AM
 FOUNTAIN HILLS – The town’s iconic Fountain Park is undergoing a major face lift this summer.Crews began installing new irrigation late last month on the 37-year-old park, which at 560 feet tall boasts the world’s tallest fountain.

Those who frequent the park need not worry.

It will remain open while the irrigation system is installed in three month-long phases. Construction will be fenced in to remove any potential hazards.“It will definitely help improve the overall appearance,” said Town Recreation Supervisor Bryan Hughes.

He said the new system will be automated and more effective in its water distribution.

Town Manager Tim Pickering said it is a necessity.

“Every summer, our grass has been turning brown,” he said.

Other enhancements include the addition of sidewalk on the western edge of the park’s lake, disk golf tee pads and new landscaping.

Fountain Hills awarded Valley Rain Construction a contract for the project in June, and later set the maximum price at $1.36 million.The park, near Saguaro and El Lago boulevards, has seen some major adjustments in recent years. Last year, builders added a splash facility with sprayers that spout water from the ground.

If you are looking for a home in Fountain Hills click here:

You also might want to check out some of these great golf communities in Fountain Hills:

Firerock Golf Club 

Eagle Mountain Golf Club  

Paradise Valley – Arizona

Click here to Search available homes in Paradise Valley.

Paradise Valley is a town in Maricopa County, Arizona.. According to 2005 Census Bureau estimates, the population of the city is 14,558 with just over 5000 households. Despite the town’s relatively small area and population, compared to other cities in the Phoenix metropolitan area, Paradise Valley is home to twelve resorts (including: Sanctuary on Camelback Mountain, Camelback Inn, Hermosa Inn and Motelucia), making it one of Arizona’s premiere tourist destinations. It has exclusive real estate, with a median home price close to $2 million, with many exceeding $5 million and some over $20 million.

Paradise Valley is known for its large lots along with breath taking views including: Mummy and Camelback Mountains.  Mummy Mountain is protected by the Mummy Mountain Preserve Trust and restricts and/or eliminates any further development in order to protect the Town’s natural geographic features which benefit Paradise Valley as well as other neighboring communities.
Paradise Valley also has some of the best golf courses the valley has to offer.   Some of which are: Paradise Valley Country Club (Private, 18 Hole,  6802 yds, Par 72) and Stonecreek Golf Club (Semi-private, 18 hole, 6839 yds, Par71).

In addition, to being home of some of the finest resorts in the valley, Paradise Valley also has a number of famous residents from both past and present.  Some of which to include; Barry Goldwater, Billy Graham, Mike Tyson, Erma Bombeck, Caleb Reese (The Instant Classics Lead Singer), Dan Quayle, Sandra Day O’Conner and former MLB Player Mark Grace, just to name a few.

Let An Experienced Paradise Valley Realtor® Help You Find Your New Home. Call The Holm Group Today at 480-206-4265.

To view all available homes in Paradise Valley click here:

Kierland – Scottsdale AZ

Designed by Scott Miller in 1996, Kierland Golf Club is situated on 225 acres in the heart of North Scottsdale. The golf course has three nine-hole courses: Acacia, Mesquite and Ironwood named for the trees that dominate its landscape. The three courses offer a combined round of play on 18 holes of par 72, 6,900 yard golf. The Golf Club is managed by Troon Golf, the leader in upscale golf course management.Apart from the Golf Club, Kierland also has a 38 acre “Kierland Commons” urban village which is an upscale entertainment destination with retailers, fine restaurants, and office tenants. Kierland is home to exclusive retailers such as Crate & Barrel, Banana Republic, Restoration Hardware and Tommy Bahamas (clothing and restaurant). Other recognized dining establishments found in Kierland include; P.F. Chang’s, Morton’s of Chicago, The Cheesecake Factory, Ocean Club Fish House, RA Sushi, and the Green House just to name a few. Be sure to look for the expansion of Kierland Commons in 2007-2008.

Kierland has a variety of luxury homes and town homes throughout the 730 acre master planned community. You can choose from one of the town home communities (Kierland Greens or The Herigate) which range in price from $500k to $800k. If you prefer a larger single family home you can pick from one of the 400 UDC Homes within the Kierland Belaire Subdivision which range from $500k to the lower $900’s. Last but not least if you are looking for the east coast ubran living you have The Landmark which are lofts that can range from $700k all the way up to $3,000,000. Living at The Landmark is a true opportunity for the world traveler to shop, entertain, dine, work, play, pamper and golf all within walking distance of home. Ring the on-site Concierge, have a flight booked, a car ready to take you, and on a moment’s notice simply”lock and leave”.

In 2005-2006, The Holm Group represented more buyers and sellers in the Kierland area than any other single agent throughout the valley. If you are looking to get into or out of Kierland call The Holm Group.

Let An Expert Kierland Realtor® Help You Find Your Next Home. Call The Holm Group Today at 480-206-4265.

Click here to view all available homes in Kierland:

AZ Republic – New retailers cater to locals

Angelique Soenarie
The Arizona Republic
Jul. 21, 2007 07:11 AM 

Downtown Scottsdale’s specialty retail area is seeing an influx of new businesses catering to more than just tourists, a result from emerging hotels, condominiums and retail. “I clearly see the retail and the restaurants emerging as a direct result of the downtown revitalization effort,” said John Little, executive director of downtown Scottsdale, referring to the W Hotel, Scottsdale Waterfront and SouthBridge.

Still the tourist-type stores remain a big part of the specialty retail area.

“With SouthBridge opening up and the retail that is going to come south of the canal, the impact of that in the Fifth Avenue area has gotten property owners and retailers looking at how they’re going to serve new customers,” Little said. “We’re getting more and more businesses inquiring about relocating in this area.”For example, Waterworks, a high-end bathroom fixtures shop, is moving from Biltmore Fashion Park to Craftsman Court, just south of Fifth Avenue, Little said.

Annually, specialty retailers generate $7.5 million in city sales tax, Little said. That’s not including the nearby nightclubs.New shops Already, fashion boutiques such as Jean Paul Jeune, also known as Reza Ghayour, a local designer, opened in May. It offers formal and casual wear for men and women. His boutique is at 7122 E. Fifth Ave.“This is a good location,” said Ghayour, who hopes to capitalize on the new traffic from a burgeoning of new developments in the area.

Fashion-conscious shoppers will find bargains on limited collections he personally designed. A 22-year veteran in fashion, Ghayour says it’s his hobby. His line Ko’s was featured at a Phoenix Fashion show in 2006.

“The main thing about fashion is fabric and color, and to make it tasteful,” Ghayour said. Local celebrities such as running back, Arizona Cardinal Marcel Shipp have even stopped in to buy a suit, Ghayour said.

At his store, ladies couture clothing such as a peach, short-sleeve shirt with hand-sewn sequins details for $23, regularly $60. A sleeveless top with ribbon straps that sports teardrop gems and iridescent beadwork is $23. What a deal.

Some of the labels he designs such as Angelino are made with Egyptian or Sri Lankan cotton. Custom Italian suits made of Super 150 fabric for all seasons start at $80 at his outlet store. He also can customize shoes made from leather, mink, horsehair, ostrich and alligator skin.

His first store in Tempe sells many of his lines and other designers at regular prices.

Bamboo Ecowear of Arizona features natural fabrics such as cotton, silk and baby alpaca. At 100% Mexico Hand Made art and crafts are featured from 32 states.Wine fans Mike Fine, who owned Sportsman’s Fine Wines for 20 years, plans to open in October a wine restaurant called Fine’s Cellar. The 3,450-square-foot-restaurant will offer lunch and dinner, and will include an Italian coffee bar that will offer breakfast and specialty coffee drinks. It will be located on the southwestern corner of Fifth Avenue and Marshall Way.More than 800 wines will be served by the bottle, and 100 by the glass, Fine said.

“Old Town is being rejuvenated,” said Fine, who hopes to cash in on the residential and commercial development.

“Everything about the place is going to be about wine. When you walk into this place it will look like a wine cellar. And the menu will be designed around the wines that we are selling.”

AZ Republic – Phoenix’s Gateway office complex sells for $96 million

Andrew Johnson
The Arizona Republic
Jul. 20, 2007 02:35 PM

A three-building office complex near Phoenix Sky Harbor International Airport that is home to UnitedHealthcare, Mesa Air Group Inc. and other firms has sold for $96 million. Transwestern Investment Co., a Chicago-based real-estate investment firm that specializes in commercial buildings, bought the properties, located at the northwestern corner of 44th and Van Buren streets.

The sale closed Thursday.
The Gateway office complex includes two four-story buildings and an 11-story building, all which were constructed between 1985 and 1988.
Seller CMD Realty Investors Inc. bought the two smaller buildings in 1999 for $23.1 million and the taller building in 2000 for $25.4 million, Maricopa County property records show.

CMD sold the buildings as part of the liquidation of one of its investment funds.

Transwestern plans to make upgrades to the properties and boost occupancy, said Bob Young, first vice president with CB Richard Ellis, who worked on the deal.

Occupancy is currently at 87 percent, but that will likely drop because UnitedHealthcare, a division of UnitedHealth Group Inc., plans to downsize space in the fall, he said. 

AZ Republic – Desert Ridge site stirs controvery

Michael Clancy
The Arizona Republic
Jul. 20, 2007 12:14 PM

  No single parcel of Desert Ridge property has been as controversial as a piece of land southwest of the J.W. Marriott Desert Ridge Resort.

There, Gray Development Co. wants to build a luxury apartment complex that in some ways would mirror the Toscana at Desert Ridge property just down the street.

But the entire thing has been held up by legal action taken both by Gray, to be excused from zoning rules that it says would hinder its ability to develop the property fully, and by the Desert Ridge Community Association and Northeast Phoenix Partners, master developer, trying to stop Gray from bending the rules.

Gray argues that the changes merely allow Gray to build what it always has been allowed to build under the Desert Ridge Specific Plan and the parcel’s zoning.

The development, to be called Mondrian on the eastern end, near Marriott Drive, and the Pavilions at Desert Ridge on the western end, would resemble Gray’s Grigio development on the north shore of Tempe Town Lake, developer Bruce Gray said, although not as tall or dense. He referred to the apartments as “super high end.”

Daniel Klutznick, president of the community association and vice president of Thomas J. Klutznick Co., which owns Northeast Phoenix Partners, says the position of those groups is that “standards must be maintained,” he said. His attorney, Michael Scheurich, said that although the Desert Ridge groups lost the first decision, they are objecting to language proposed for the final judgment. Oral arguments on that matter are scheduled for today.

In addition, he said, they have filed a counterclaim arguing that Gray failed to follow the design review process for Desert Ridge.

On that matter, David Tierney, an attorney representing Gray, said Gray was not required to take zoning variances to the association, and that the association did not respond in a timely manner when it did.

Klutznick would not elaborate about the legal issues.

Gray is less reluctant to speak.

Other projects, including Toscana, have more density, he says.

No other project, he argues, has been required to deliver complete site plans. Gray has provided plans for about half the site – the eastern half that it plans to develop initially.

And finally, he wonders, why was a plan that showed decreasing density from east to west, which once was accepted by residents, now seen as a problem?

He says he thinks a big part of the problem is that Northeast Phoenix Partners is controlled by the Thomas J. Klutznick Co., which also is developing City North, southwest of the Gray Property.

Gray thinks competition is behind the delay.

“It’s frustrating,” Gray said. “We’re being filleted for trying to do what we said we would do 2 1/2 years ago.”

July 2007
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