Archive for March 26th, 2009

AZ Republic – Scottsdale Quarter making its debut

by Peter Corbett – Mar. 26, 2009 01:51 PM
The Arizona Republic

Shoppers will get their first look at the Scottsdale Quarter this weekend.

The emerging shopping district southeast of Scottsdale Road and Greenway-Hayden Loop had its first two store openings on Thursday. Williams-Sonoma Home and its sister store, West Elm, are the first merchants at the Quarter.

The two home-furnishings stores are offering a 10 percent discount on all sales through Sunday to lure shoppers.

Some locals are excited about the new shops.

Robin Williams of Chandler planned to be one of West Elm’s first shoppers.

“I’ve been shopping at West Elm in San Diego,” she said as she peered in the windows at the new Scottsdale store. “This is a great store. I love their contemporary designs.”

West Elm has modern, urban furnishings at lower prices than the more traditional designs at Williams-Sonoma Home.

Both stores are the first for the brands in Arizona, although Williams-Sonoma does have three of its kitchenware stores, three Pottery Barn stores and two Pottery Barn Kids stores in the Valley.

This is store No. 11 for Williams-Sonoma Home and the 38th location for West Elm around the country.

West Elm will employ 24 workers, and the Home store will have 11.

Retailer’s results tumble

Like many other retailers, San Francisco-based Williams-Sonoma Inc. has been struggling with the downturn in the economy, particularly because home furnishings are closely tied to home sales.

Its fourth-quarter profits, reported Tuesday, were off 90 percent. Same-store sales for the past year dipped 17 percent.

But for the longer term, Williams-Sonoma is positioned to take advantage of its Scottsdale Road location near other high-end furniture and home-design stores.

Retailers wait in wings

Scottsdale Quarter is a $270 million outdoor shopping center or lifestyle center as these places, such as Kierland Commons, like to call themselves.

Other shops and restaurants in the first phase of the 28-acre project will open through the end of the year.

They include Apple, Nike and H&M, a Swedish fashion retailer.

Brio Tuscan Grille is next in line to open sometime in April, according to Richard Hunt, Scottsdale Quarter general manager.

www.theholmgroupaz.com

AZ Central – The Valley’s priciest home sales 03-25-09

Mar. 25, 2009 12:00 AM

The president and CEO of the largest steel fabrication company in the U.S., a bankruptcy attorney, the president of Canada’s largest dealer of Case construction and agricultural equipment, the principals of Paradise Bakery and a founder of an insurance brokerage are among the buyers and sellers in this week’s priciest home sales.

$3,000,000

Scott Schuff bought a six-bedroom, nine-bath, 8,650-square-foot home originally built in 2006 at Copper Creek Estates in Peoria. It features natural stone and Travertine. The family room opens to a patio via multiside doors. It features hickory kitchen floors, maple and alder cabinets, granite counters and side-by-side Sub-Zero refrigerators. There is a media room and nanny quarters in the basement. The heated pool and spa are surrounded by tile decking, and there are two fireplaces, outdoor kitchen and detached guest house. It also includes a garage with room for 8-10 vehicles. Scott Schuff is president and CEO of Schuff International Inc., whose principal operating unit is Schuff Steel Co., the largest steel fabricator and erector in the U.S. The home was sold by Mike and Julie Oliver.

$2,845,000

Craig D. Hansen and his wife, Holly, purchased a 7,848-square-foot home with pool originally built in 2006 on the western side of the Camelback Golf Club in Paradise Valley. Attorney Craig D. Hansen is a partner at Squire, Sanders and Dempsey’s bankruptcy and restructuring practice in Phoenix. The home was sold by John Dombroski Jr. as manager of Grand Canyon Pines LLC in Scottsdale.

$1,866,000

Derek Stimson Holdings Ltd., of Lethbridge, Alberta, paid cash for a 5,774-square-foot home with pool originally built in 2008 on the east side of Troon Country Club in Scottsdale. Derek Stimson is president of Rocky Mountain Dealerships Inc., the largest independent dealer of Case construction equipment and Case IH agriculture equipment in Canada. The home was sold by Gary D. Haarer, as president of Luxor Management Inc., manager of Luxor homes LLC of Scottsdale.

$1,850,000

Michael McDermott and his wife, Heidi, paid cash for a 4,553-square-foot home with pool originally built in 1977 on the western side of the McCormick Ranch Golf Club in Scottsdale. Michael and Heidi McDermott are the sole members of Paradise Bakery Omaha LLC in Scottsdale. The home was sold by James and Donna Mullin.

$1,475,000

Steven J. Stern bought a 5,162-square-foot home with pool originally built in 2006 on the eastern side of the Troon Country Club in Scottsdale. Steven Stern is founder and president of Senior Advisory Group of America based in Scottsdale, a wholesaler of life and annuity products. The home was sold by Paul B. Walker and his wife, Brenda. Paul Walker is president and director of Walker Homes Inc. in Scottsdale.

Researched by John McLean and the Information Market.


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