Archive for November, 2007



AZ Republic – Rock Star Gallery opening at Kierland

Dolores Tropiano
The Arizona Republic
Nov. 12, 2007 01:48 PM

One of Arizona’s largest and most exciting celebrity art galleries is moving to the Kierland Commons.

The Rock Star Gallery opens Nov. 20 on Main Street in the upscale, shopping center in northeast Phoenix.

The gallery showcases artwork created by such legendary rockers as the Ronnie Wood, Jerry Garcia, Ringo Starr, Janis Joplin, Grace Slick fame and more.

Originals by Wood, include Forty Licks, which depicts the Rolling Stones with their arms wrapped around each other taking a bow. Signed prints sell for $1,400 and up.

The gallery also features famous photos that capture the sometimes crazed rock culture in candid ways as well as celebrity caricatures by people such as German artist Sebastian Kruger.

“We are very pleased with the opportunity for Rock Star Gallery to become a part of the Kierland Commons community,” said Donna Dunn, who owns the gallery with her husband, Michael Dunn. “The gallery continues to revitalize the art culture in Scottsdale by providing the most unique celebrity art and music collectibles in the country.”

The gallery also specializes in authentic memorabilia including autographed guitars, vintage albums, limited-edition rock photographs, books and other collectibles signed by the artists.

Custom designed artist displays sell for $7,500 to $30,000.

“It is the ultimate rock and roll experience,” said Michael Dunn, 48, whose enthusiasm for his store knows no boundaries. “We created a unique balance between unbelievable artwork by artists and collectibles for the serious collector.”

Kierland Commons was the first choice for Dunn, when he opened the store at Scottsdale Road and Frank Lloyd Wright Boulevard in November 2004.

During the past three years, the hip gallery has drawn hundreds of people to celebrity appearances.

Fans hungry for a piece of the past soaked up stories told by people who were actually a part of the sometimes psychedelic scene of the ’60s and ’70s.

“We enable people to come into an intimate environment and not only meet the stars, but also get to hear the stories behind the pictures. It’s like a jig-saw puzzle and we get to put the pieces together,” Michael Dunn continued. “We get to watch fans take a trip without even leaving the gallery.”

Dunn envisioned the Rock Star Gallery after taking a trip to Hawaii and walking into a small store that sold rock and roll memorabilia.

He put together a $68 wooden model of his current store and began to sell the idea around town.

Much of the original memorabilia came from Dunn’s personal collection, which started when he was 16, growing up in Scottsdale.

Dunn purchased his first bootlegged Led Zeppelin album from a store on Mill Avenue for $40.

He attended Coronado High School and then Arizona State University and worked for years as the marketing director for a local traffic-reporting company.

Then a personal challenge helped inspire him to go after his dream.

“The worse thing I could do was to look over my shoulder years from now and wonder what might have happened had I pursued my dream,” Dunn said.

Since the gallery has opened, Dunn, who could pass for a rock star himself, has had many amazing doors open for him, including an opportunity to attend the Grammy Awards in February and sit with Jimmy Page of Led Zeppelin.

The new gallery, will build on Dunn’s previous success by moving the stage to the front of the store where doors will open onto Main Street.

URock, a new addition to the gallery will spotlight local performers and visual artists that will later be featured on the galleries website www.rockstar.net.

The Kierland gallery will have diagonal wood floors, large plasma televisions, a granite star and other special touches.

And of course, it will continue to host bigger and better celebrity artists exhibitions.

“Rock Star has created something in their neck of the world that is the envy of many. They reached all their goals and have continued to push forward with new dreams,” said Danny Stern, whose Limelight Agency represents many of the artists Dunn showcased. “The move into their new space is an exciting one for all of us. They dreamed of a gallery that would be much more then a source of fine art and collectable, but rather a center of entertainment and excitement in their community. The way they shared this vision was nothing less then intoxicating.”

www.kierlandagent.com

12 News – What to know when buying in Mexico

Brahm Resnik
12 News
Nov. 2, 2007 03:10 PM 
 

So many Valley residents have second homes in Puerto Penasco, Mexico, you might think it’s a suburb of Phoenix. But it’s not. You know Rocky Point, as it’s widely known, is in a foreign country, and that means the laws are different. But potential buyers might not know there is little hard information on the Mexico real estate market for buyers. No sales numbers. No median prices. No trends.  

Bruce Greenberg, a Tucson-based appraiser with vast experience in Mexico, says property values in Rocky Point had been doubling every year since 2001, until the slowdown hit last year. He says prices have now retreated to 2006 levels, and there is an oversupply of properties on the market.For anyone wanting to jump in to the market, here’s some advice from Greenberg and Rocky Point real estate agent Grant MacKenzie Sr., a Realtor who’s worked in the market for 20 years.

·  Foreign citizens hold property in Mexico under a bank trust that is renewable in 50 years. The trust confers the same rights as a title. “I’d look at it as if it’s your own title,” MacKenzie says.

·  Talk to an accountant, a lawyer and a real estate professional who specialize in Mexican real estate before you buy, Greenberg says. “If they say they do things different in Mexico, it’s an identical process.”

·  How do you find those services? MacKenzie suggests asking the title company or appraisers for the names of people whom they trust and who have been in the market for many years. Several U.S.-based real estate professionals — agents, title companies, lawyers, mortgage companies — do work in Mexico.

·  Ask the Realtor if he or she is licensed. “This has been the wild wild West of real estate for the longest time,” MacKenzie says. The state of Sonora, home of Rocky Point, is now requiring real estate agents to get training for a license.

·  Do not hand over money to anyone other than a reputable escrow company. With the real estate market going south, some projects in Rocky Point could fall through.

·  Ask about your protections in a real estate deal. An American professional doing work in Mexico might not be covered by Arizona’s consumer laws.

·  And finally, it might sound flip, but both Greenberg and MacKenzie offer the old advice: “Don’t leave your brains at the border.” If the deal doesn’t feel right, don’t do it.  

www.theholmgroupaz.com

AZ Republic – Plans for new housing development unveiled

Michael Clancy
The Arizona Republic
Nov. 5, 2007 11:56 AM
 Plans for Desert Ridge’s newest housing development were unveiled last week at a meeting attended by a handful of area residents.

Zoning attorney Nick Wood resented plans for what the developer is calling “The Falls at Desert Ridge.”

No explanation was given for the name. The area is located south of Deer Valley Drive between 40th Street and the Ryan Companies’ property along the west side of Tatum Boulevard, just north of Loop 101.  Rightpath Limited Development Group purchased the property in April for $149.5 million. An adjacent site, sold separately to Phoenix, will be home to a city park, library and park-and-ride lot.

Rightpath, under the Desert Ridge Specific Plan and deed restrictions, may build as many as 3,706 housing units on the 270-acre site.

Wood told about a dozen residents that the company was planning to build single family homes on the northern side of the site, adjacent to the park.

Higher density buildings – apartments or condominiums – would be concentrated on the site’s southern edge, along the freeway.

The plan also includes a five-acre commercial parcel.

The developer is in talks with the city about helping to develop the park site of 40 acres in exchange for a later reduction of impact fees – fees that developers pay the city in exchange for city services.

Wood also said the developer would be required to build an extension of Rose Garden Lane, which cuts west from Tatum at the Ryan property, and a stretch of Mayo Boulevard, which is planned to cross Loop 101 in the future.

He said a 69 kilovolt power line would be buried through the residential areas of the development, but not through the park.

Wood commended those who came for their “legitimate concerns and good questions.”

Among those concerns was the placement of one of the big apartment blocks north of the others, along 40th Street. Two of the men in the audience, John Krall and Adam Tarr, pointed out that the apartments would sit across 40th from single family homes at Wildcat Ridge, which is just outside the Desert Ridge boundaries.

Both of them recommended that some of the higher density areas be moved to the corner of 40th and Deer Valley Drive. where other developers have erected higher-density housing.

Wood said their concerns would be taken under consideration.

“Neighbors are usually very defensive,” Wood said. “These people were not. They had legitimate concerns and good questions.”

He said requests for zoning changes would be taken to the Desert View Village Planning Committee in December. Currently the land is zoned agricultural. Wood said Rightpath wants four different development designations – three for housing, and one for the commercial parcel.

The Rightpath property was Desert Ridge’s last remaining unsold parcel west of Tatum Boulevard and north of Loop 101.

D.R. Horton owns a parcel, at the southwest corner of Tatum and Pinnacle Peak Road, that is being prepared for homebuilding. That leaves only the northeast portion of the area unsold, along with larger tracts south of the freeway.  


www.theholmgroupaz.com

 

AZ Central – Smaller home-price spread suggests rebound

Nov. 4, 2007 12:00 AM  It’s all in how you look at the numbers.Home listings across metropolitan Phoenix remain at record levels, hovering above 55,000, not good news for homeowners trying to sell.

Resales fell to their lowest monthly level in several years in September. Foreclosures continue to climb, also not great news for sellers.
On the flip side, interest rates slipped this week, and with all the listings, there are many deals to be found in the Valley’s housing market, real-estate agents say. Translation: That’s good news for buyers because it’s a great time to purchase if you have decent credit and plan on holding onto a home until prices rebound.
But one current indicator bodes well for sellers, buyers and the entire real-estate market. The spread between the price at which Valley homes are listed and at what they are selling is much lower than it was six months ago.

It means buyers’ and sellers’ expectations are more in sync, and that eventually should translate to more sales.

According to data from real-estate firm John Hall & Associates, the median price of metro Phoenix homes listed in September was $265,906, and the median price of houses sold was $234,900.

There’s a spread of a little more than $31,000 between the two. In February, the spread between listing and sales prices was $43,000. In February 2006, as the market was starting to slow, the spread was $50,000.

The shrinking spread between buyers’ and sellers’ expectations is a sign the housing market is correcting, and a rebound almost always follows a correction, particularly in the Valley.

Metro Phoenix’s home prices are catching the attention of big lenders.

In the past few weeks, parts of Maricopa and Pinal counties have been put on housing “watch lists,” or lists of “declining markets.”

That usually means they will fund less of a loan on a property in case prices fall more.

For example, if a borrower was able to get a loan for 90 percent of the purchase price of a home last year, now a growing number of lenders only will fund 85 percent of the price.

But the Valley isn’t alone on these lists. Lenders also are watching carefully the other markets across the country that saw big run-ups during the boom of 2004-05.

Growth grant

An Arizona partnership has received a $20,000 grant from the Urban Land Institute to develop a program to engage people to look at the challenges Phoenix’s projected population growth are likely to bring. Urban Land Arizona is working with the Local Initiatives Support Coalition Phoenix and the Arizona State University Stardust Center for Affordable Homes and Family to put together a plan to provide realistic and sustainable solutions for building affordable neighborhoods.  

AZ Republic – Trial involving luxury developer postponed

Lesley Wright
The Arizona Republic
Nov. 1, 2007 11:11 AM
 SCOTTSDALE – The opening of a trial that pits Scottsdale against the luxury developer Toll Brothers has been pushed back to Jan. 8.

It was scheduled to start Tuesday, but Maricopa Superior Court Judge Paul Katz had a conflict with his calendar.

The trial could decide the largest condemnation case in Arizona history, with nearly $85 million at stake.
A disastrous outcome for Scottsdale could affect the city’s plans for the Gateway entrance to the McDowell Sonoran Preserve, which is set to be built on the disputed land near Bell Road and 104th Street.

The case started in 2002, when Toll bought at auction an 800-acre piece of state trust land on the western slopes of the McDowell Mountains.

As expected, Scottsdale quickly condemned the eastern 383 acres for the preserve’s Gateway.

The city wanted to pay the developer an amount just above the $85,000 per acre Toll paid at the Arizona State Land Department auction. Planners said that was the fair market value of the undeveloped land at the time it was sold.

Toll determined that the fair market value was much more – about $319,000 per acre.

A jury will hear from appraisers and other experts and then be asked to set the final value unless the case can be settled.

“The possibility of settlement has always been an open issue,” said Assistant City Attorney Bruce Washburn.

The trial will be held in the Northeast Regional Center, 18380 N. 40th St. in Phoenix.

AZ Republic – Trial involving luxury developer postponed

Lesley Wright
The Arizona Republic
Nov. 1, 2007 11:11 AM 
 

SCOTTSDALE – The opening of a trial that pits Scottsdale against the luxury developer Toll Brothers has been pushed back to Jan. 8. It was scheduled to start Tuesday, but Maricopa Superior Court Judge Paul Katz had a conflict with his calendar.

The trial could decide the largest condemnation case in Arizona history, with nearly $85 million at stake.
A disastrous outcome for Scottsdale could affect the city’s plans for the Gateway entrance to the McDowell Sonoran Preserve, which is set to be built on the disputed land near Bell Road and 104th Street.
The case started in 2002, when Toll bought at auction an 800-acre piece of state trust land on the western slopes of the McDowell Mountains.

As expected, Scottsdale quickly condemned the eastern 383 acres for the preserve’s Gateway.

The city wanted to pay the developer an amount just above the $85,000 per acre Toll paid at the Arizona State Land Department auction. Planners said that was the fair market value of the undeveloped land at the time it was sold.

Toll determined that the fair market value was much more – about $319,000 per acre.

A jury will hear from appraisers and other experts and then be asked to set the final value unless the case can be settled.

“The possibility of settlement has always been an open issue,” said Assistant City Attorney Bruce Washburn.

The trial will be held in the Northeast Regional Center, 18380 N. 40th St. in Phoenix.

Kierland Short Sale Opportunity

Kierland Short Sale Opportunity

Are you looking to move into the Kierland area?

If so now is your chance.

Single Family Residence 2660 sqft w/ Pool

Give The Holm Group a call for more details.

480-767-2738

www.theholmgroupaz.com

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