john greene Realtor Hires Top-Ranking Agent Adam Stary

Adam Stary

CHICAGO, IL – Naperville, Illinois-based john greene Realtor, one of the largest private brokerages in Chicago’s western suburbs, announced Adam Stary has joined the firm as a broker. Over the past three years, Stary has closed 250 sales valued at more than $45 million.

“Adam’s high volume of transactions, and his experience in Naperville and the surrounding municipalities, furthers our firm’s strong position in those markets,” said Tim Greene, CEO of john greene Realtor. 

“His extensive real estate knowledge and marketing strategies fit perfectly with our firm’s vision for continued growth in Chicago’s western suburbs.”

“john greene Realtor provides the perfect team environment and resources to elevate our clients’ goals,” Stary said. “I look forward to building upon the firm’s decades-long reputation of being the premier brokerage in the western suburbs.”

Stary, 30, was formerly with RE/MAX Professionals Select in Naperville, and brings his team, The Stary Group, to john greene Realtor. He has earned several awards including the Five Star Professional, RE/Max Hall of Fame Award, RE/MAX Chairman's Club, RE/MAX Platinum Club, RE/MAX Top 100, and the 100% Club Award. 

Family owned since 1976, john green Realtor has grown to include more than 100 professionals focused on residential, commercial and land brokerage. The firm received a 2015

Top Workplaces honor by the Chicago Tribune, ranking 23rd among small companies, and among only four real estate firms in that category. john greene Realtor also recently ranked among the fastest-growing private firms in the 2015 Inc. 5000, and has been voted “Best Real Estate Company” by Naperville Magazine’s "Best of Naperville" each year from 2010 to 2015.

  

For a complete copy of the company’s news release, please contact:

Julie Liedtke, jliedtke@taylorjohnson.com, (312) 267-4521

Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527

 www.johngreeneRealtor.com.

HFF closes $26 million sale and arranges $14.3 million financing for 475 17th Street in Denver’s central business district

                475 17th Street, business district, Denver, CO              (Photo by Steve Zavodny)                                                                       

 DENVER, CO –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of and arranged $14.3 million acquisition financing for 475 17th Street, a 16-story, 151,425-square-foot office building in Denver’s central business district.

Mary Sullivan

HFF marketed the asset on behalf of the seller, 475 Investment Partners, a local investment partnership.  Phoenix Property Company purchased the building for $26 million.

 Lincoln Property Company will provide property management and leasing services.  Additionally, HFF assisted the new owner in securing a $14.3 million, five-year, fixed-rate loan through Principal Real Estate Investors. 

475 17th Street is located at 17th and Glenarm in the heart of Denver’s central business district, close to an array of amenities including Denver Pavilions, which offers more than 40 shops, restaurants and entertainment venues, the 16th Street Mall, and many of the premier hospitality and entertainment options Denver has to offer. 

This location along 17th Street, commonly known as “The Wall Street of the West”, offers immediate access to the Free MallRide and the Free MetroRide that connect the property to the Union Station transit hub serving the entire Rocky Mountain West region.

John Jugl

 Vehicular access is provided via Lincoln and Broadway, major north and southbound arteries, and 20th Street, which connects the property to Interstate 25. 

Originally completed in 1975, 475 17th Street has undergone more than $1 million in capital upgrades since 2012, including an updated lobby and two-story atrium.  The property is 93 percent leased to 32 tenants in the higher education, energy and professional services industries.

The HFF investment sales team was led by senior managing directors John Jugl and Mary Sullivan.

HFF’s debt placement team was led by associate director Leon McBroom and senior managing director John Rose.

 For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

Six/Ten Redevelops Historic Arcade Building in Downtown Winter Haven, FL

  

 

Jessica Guavara

Winter Haven, FL — Just in time for the holidays, new retail shops are popping up in Downtown Winter Haven’s historic arcade building. 

Six/Ten, LLC, a developer of commercial and residential properties, has renovated and preserved the Arcade Building, located at 254 W Central Avenue, which was originally built in 1928.

The Arcade building is now fully occupied and home to a variety of retail tenants.

 Six/Ten recently completed a lease deal with Paint Along Studios, a professional art gallery by day and an open studio for anyone to paint at night. 

The studio relocated from Downtown Lakeland and chose this location because of its unique walkway plaza and excellent location.

"Downtown Winter Haven is a great retail destination for a business like ours. The quiet ‘hometown’ feel, mixed with an expressive ‘modern’ environment, is perfect for people looking to enjoy the arts," said Jessica Guevara, Paint Along Studios’ resident artist.

Keira Lennox

Another business that recently relocated to the Arcade building is Lasater Flowers, a full-service flower shop specializing in contemporary floral design for everyday occasions and special events.

Established in 1958, it is the longest-running flower shop in town. Owner Keira Lennox believes the new space combines the history of the Central Avenue Arcade with modern updates and contemporary design. 

The new space also presented an opportunity to add beer and wine to the shop’s offerings, as well as a fresh flower market, customized gift crates and unique retail.

“We love being right in the mix of what's happening downtown,” said Lennox. “We have a variety of friendly merchants and restaurants that offer something for everyone.”

The Arcade building’s established tenants include a custom makeup studio, Perry Oakley Makeup Artistry,  and an artisanal cheese market, The Cheese Room. Sherry Summers, owner of The Cheese Room, chose the Arcade building because of its proximity to the historic Ritz Theatre. Summers has been in the building since February 2014 and recently renewed her lease.

Sherry Summers

“We are proud to be a part of downtown,” said Summers. “The businesses are so good about supporting each other, and our monthly Main Street Winter Haven events bring us all together to promote downtown as an exciting retail and restaurant destination.”

The Arcade building features architecturally interesting elements such as an interior breezeway and wrought-iron entryways. The building was acquired by Six/Ten in 2012.

For leasing information about the retail and office space opportunities downtown, please contact Chad Lennox at (863) 595-0237.

For a complete copy of the company’s news release, please contact:

Michelle Griffith or Don Silver

BoardroomPR

407-973-8555

mgriffith@boardroompr.com

donsil@boardroompr.com

www.sixtenllc.com

29th Street Capital Acquires 10th Property in East Bay, CA; Deal Makes 12 U.S. Multifamily Acquisitions for 2015

Eden Apartments, 1201 B Street, Hayward, CA

Hayward, CA – 29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired a two-property, 69-unit apartment portfolio in Hayward, California.

The new owner plans $855,000 worth of renovations for Plaza Verde Apartments (44 units) and Eden Apartments (25 units) to significantly upgrade the interiors and to enhance the exteriors of each property.

Casey Davis

“This is the 10th acquisition we have made in the East Bay of San Francisco in under two and a half years, with an 11th property in Hayward under contract for purchase, closing in January,” said Casey Davis, 29SC’s Vice President of Acquisitions for California.

The address of Plaza Verde Apartments is 550 Berry Avenue; the address of Eden Apartments is 1201 B Street, both in Hayward, Cal., 94541. The transaction closed December 17. The price was not disclosed.

  

Eden Apartments is located in increasingly popular downtown Hayward, while Plaza Verde is approximately one mile away in a more residential area. 

“Hayward is a short 25 mile commute to San Francisco by nearby San Mateo Bridge and I-880 or the nearby BART station, both providing convenient options for quickly getting around the Bay Area,” Davis added.

 29th Street Capital has acquired 12 multifamily assets during 2015 in markets including Houston, Tex., Denver, Colo., Durham, N.C. and Phoenix, Ariz. It is also actively pursuing additional opportunities throughout the U.S. The firm will continue to target smaller value-add deals, which are below the institutional radar, with the intention of offering its investors above market returns.

For investment inquiries, contact:

Stan Beraznik, Founder and Managing Principal at 29th Street Capital

415.643.6875 | sberaznik@29thstreetcapital.com

For a complete copy of the company’s news release, please contact:

Terri Thornton

Partner, Thornton Communications

p:404-932-4347 | e:Terri@TerriThornton.com | w:www.TerriThornton.com

http://www.facebook.com/pages/Thornton-Communications/112101288827299 http://twitter.com/Ttho http://www.linkedin.com/in/TerriThornton

www.29thstreetcapital.com.

Feldman Equities signs 100,000 Square Feet of new leases in one year, including Four Full Floor Leases at First Central Tower in Downtown St Petersburg, FL

Larry Feldman

ST. PETERSBURG, FL – In the year since acquiring First Central Tower, Feldman Equities has leased over four full floors at the office building signing seven firms to leases totaling over 100,000 square feet. 

In the latest deal Regus, the global workplace provider, has leased a full floor, 15,296 square feet, at the building. The long term lease was brokered by Brent Miller and Bryan Rodriguez of JLL.

 First Central Tower is located in the heart of downtown St. Petersburg on Central Avenue. 

In the last year Twinlab Consolidation Corporation (“TCC”) leased two floors while Banker Lopez Gassler PA leased a full floor.

A multi-million dollar renovation is underway at the building with completion expected to occur in the first quarter of 2016.  

“We are investing $10 million dollars in capital and tenant improvements.  Our goal is to transform First Central Tower into a first class office destination,” stated Larry Feldman, CEO of Feldman Equities a co-owner of the building in partnership with Tower Realty Partners.

For a complete copy of the company’s news release, please contact:

Tammy Youngman, Asset Marketing, Inc. (813) 968-1388

The St. Regis Dubai hosts scent dinner curated by Chandler Burr to showcase ‘Caroline’s Four Hundred’

Chandler Burr

DUBAI –– St. Regis Hotels & Resorts unveiled Caroline’s Four Hundred, the brand’s first-ever bespoke scent, in the Middle East with an exclusive scent dinner at the newly opened St. Regis Dubai in Al Habtoor City.

Hosted by St. Regis together with Carlos Huber, the creator of Caroline’s Four Hundred, the gastronomic experience was curated by acclaimed scent critic, Chandler Burr.

“Scent has the rare ability to transport us to another time and place in the most intimate way,” said Carlos Huber, who is a world-renowned scent designer and founder of ARQUISTE. “It has been an honour working with St. Regis to capture the brand’s rich history and its modern sophistication in one olfactory experience.”

Chef Stephane Buchholzer, Culinary Director of Al Habtoor City worked with Burr to combine the crème de la crème of fine dining with the olfactory arts in a seven-course feast. 

During the interactive dinner with 40 VIP guests, Burr introduced the respective perfumes that inspired each of the gastronomic creations. 

For a complete copy of the company’s news release, please contact:

Hwee Peng Yeo

Vice President, Asia Markets

Glodow Nead Communications

San Francisco • New York • Singapore • Shanghai

Level 21, Centennial Tower, 3 Temasek Avenue • Singapore 039190

Level 15, One Corporate Avenue, 222 Hubin Road, Shanghai China, 200021

1700 Montgomery Street, Suite 203 • San Francisco, CA • 94111

Asia: 65.9768.6087  US:415.394.6500 • E: hweepeng@glodownead.com

www.GlodowNead.com

杨慧萍

副总裁

博德纳公关咨询公司

Centennial Tower 21层，Temasek Avenue 3号， 新加坡邮区039190

上海湖滨路222号企业天地一号15层，中国邮编20021

E: hweepeng@glodownead.com

www.GlodowNead.com

Marcus & Millichap Arranges $5.4 Million Sale of 60-Unit Sunrise Villas in Sunrise, FL

Brandon J. Rex

SUNRISE, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Sunrise Villas, a 60-unit apartment property located in Sunrise, Fla., according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office.

 The asset sold for $5,400,000 equating to $90,000 per unit.

Brandon J Rex, a vice president investments, Robert S. Hunter, a senior associate, Evan P. Kristol, a senior vice president investments, Daniel J. Cunningham and Derek R. Gibbs, associate vice presidents, and Evan Richardson, an associate, all in Marcus & Millichap’s Fort Lauderdale office, represented the seller, a limited liability company from Charlotte, N.C., and the buyer, a limited liability company from Davie, Fla.

"Sunrise Villas offers a rare opportunity consisting of all three bedroom units; in a market comprised of mostly one and two bedroom units," says Rex.

“We received multiple offers on the property and closed for just under list price,” says Gibbs.

Built in 1971 on a 4.51 acre lot, Sunrise Villas is comprised of 20 one-story buildings with all three-bedroom/two-bathroom units. Approximately two-thirds of the units have new wood kitchen cabinets, granite countertops and new ceramic flooring or vinyl plank throughout.

Sunrise Villas is located at 6354 NW 26th Street, just south of Oakland Park Boulevard, Sunrise’s major east/west thoroughfare.

For a complete copy of the company’s news release, please contact:

Ryan Nee

Regional Manager,

Fort Lauderdale, FL

(954) 245-3400

Affiliates of Gencom and Private Equity Group (PEG) Complete Sale of the 295-Room Marriott Grand Cayman Beach Resort to Affiliates of London & Regional

  

Marriott Grand Cayman Beach Resort

  

            MIAMI, FL (Dec. 24, 2015) - -Representatives of Gencom, one of North America’s leading luxury hospitality and residential/mixed-use real estate investment and development firms, today announced that its affiliates in partnership with  Private Equity Group (PEG) have sold the 295-room (including 22 suites) Marriott Grand Cayman Beach Resort to affiliates of London & Regional for an undisclosed sum.

  The sale was brokered by CBRE’s Miami office, and the hotel will continue to be operated by Marriott International.

OJ Buigas

            "The Marriott Grand Cayman Beach Resort is a world-class destination that was struggling from the after-effects of Hurricane Ivan and needed a bold, new vision when we acquired it in 2006,” said Tom Bezold, Gencom CFO. 

 “We completely repositioned the property, partnered with  PEG in 2011 and refinanced the property’s debt with the first CMBS loan outside of the US since the Great Recession. 

“In 2013-2014, Ownership  invested more than $15 million to  redefine the property.  We believe the property still has excellent upside potential, but it no longer meets our core investment strategy.  Our plan is to continue to aggressively seek hotel real estate investment opportunities that match up with our turn-around expertise.”

            Located directly on Seven Mile Beach, the property is in one of the highest barrier to entry markets in the Caribbean. 

Following completion of its  most recent renovation, the resort received a number of prestigious awards for operations, design and renovation, including Marriott’s 2014 Hotel of the Year Award within the Caribbean/Latin American Region and Marriott’s Mustang Award for Innovation for its “Beach House” design inspiration.

            “This has been a classic case of taking a great resort with a number of difficult problems and making it into something few could foresee,” said OJ Buigas, CEO of Private Equity Group.

 “Through active asset management and a vision of what the property could become, the resort has performed magnificently to become one of the prize assets of the Marriott resort portfolio.  We wish the new ownership continued good fortune and prosperity with this hotel gem as they take it through its next phase.”

For a complete copy of the company’s news release, please contact:

  Chris Daly, media

  (703) 435-6293

  chris@dalygray.com

$308.4 million in financing secured by HFF for multi-state retail joint venture

 

Connecticut Post Mall, Milford, CT

Claudia Steeb

PITTSBURGH, PA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $308.4 million in financing for three shopping malls totaling 2.3 million square feet in Connecticut, Illinois and Washington.

HFF worked on behalf of a newly-formed joint venture partnership between Centennial Real Estate Company (Centennial), Montgomery Street Partners/Blum Capital (MSP), USAA Real Estate Company (USAA RealCo) and Westfield America to place three separate five-year loans totaling $308.4 million with a lender group led by J.P. Morgan Chase Bank, N.A. and participant lenders Aareal Capital Corporation and CIT Bank, NA.

  The three shopping centers involved in the financing are Connecticut Post Mall in Milford, Connecticut; Hawthorn Mall in Vernon Hills, Illinois; and Vancouver Mall in Vancouver, Washington.

HFF also assisted Centennial, MSP and USAA RealCo in connection with transfers under the existing debt financing on two additional malls owned by the joint venture:  Fox Valley Mall in Aurora, Illinois, and MainPlace Mall in Santa Ana, California.

The five properties are all considered super regional malls located in or near large U.S. cities, and the malls have an average population of 618,474 residents living within a five-mile radius. 

The 96.9 percent-leased portfolio has diverse anchor tenants including JCPenney, Nordstrom, Macy’s, Sears, Carson Pirie Scott, Dick’s Sporting Goods, Target, Rave Cinemas and AMC Theater.

HFF’s debt placement team was led by managing director Claudia Steeb, director Jim Curtin and senior managing director Barry Brown.

“HFF is pleased to have worked with such tremendous people and firms in putting the debt together for this complex and unusual transaction,” Steeb said.  “This financing was completed in conjunction with the larger transaction.”

Jim Curtin

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

                     

www.usrealco.com.

www.montgomerystreetpartners.com.

 www.blumcapital.com.

 www.centennialrec.com

Multi Housing Advisors Brokers $10.3 Million Sale of Apartment Community in Birmingham, AL

Mountainside Apartments, Birmingham, AL

 

Jimmy Adams

BIRMINGHAM, AL — Multi Housing Advisors (MHA) has arranged the sale of Mountainside, a 196-unit apartment community located in Birmingham, Alabama.

Jimmy Adams and Craig Hey of MHA’s Birmingham office represented the seller in the transaction. Residential Ventures purchased the property for $10.3 million.

“Residential Ventures was able to acquire one of the largest multifamily assets in Birmingham’s Southside, just south of Downtown and The University of Alabama at Birmingham,” Adams said.

“The market is currently experiencing a major economic revival, and the buyer plans to inject significant capital into the project to continue the value add campaign currently in place.”  

Mountainside was built in 1970 and consists of 196 units, 90 of which were fully renovated in 2015. The property offers some of the best views of the city from Birmingham’s Red Mountain.

For a complete copy of the company’s news release, please contact:

Deborah Rogers

Multi Housing Advisors

404.645.7275

drogers@usmha.com

University of Central Florida Business Incubation Program Celebrates Five Years of Business Startups in Kissimmee, Osceola County, FL

Tom O'Neal

Kissimmee, FL --- Five years ago the nation was still feeling the effects of a global recession and local economies throughout Florida were struggling.

The University of Central Florida, the City of Kissimmee, Osceola County and The Corridor decided not to wait for new businesses to move into the area.   The partnership opened the UCF Business Incubator at the City Center, 111 Monument Drive in downtown Kissimmee to jump-start their economy.

Now five years on, the Incubator has helped 47 new client companies get their start in the Osceola region. Eight of them were “Soft Landing” clients---companies that wanted to establish a presence in the U.S. or in Central Florida and needed a support base to open an office.

Thirty-nine companies that were accepted into the program received help from UCF Business Incubation Program coaches, and counselors like the SBDC (Small Business Development Center) and the HBIF (Hispanic Business Imitative Fund).  The Incubator focuses on assisting companies that are industrial, commercial and institutional in nature; that tend to be higher wage jobs.

The result?  Over 60 new local jobs have been created by Incubator client companies while they were located in the incubator. More than 200 local jobs sustained. Eleven companies that got their start at the Incubator have graduated and moved out on their own, according to Jim Bowie, site manager for the UCF Business Incubator - Kissimmee.  The facility has 20 offices with meeting and conference rooms for companies to grow.

UCF College of Business Administration

“Business startups tend to fail at alarming rates and tend to grow in measurable and predictable patterns,” said Dr. Tom O’Neal, founder and executive director of the UCF Business Incubation Program.

“By studying the startup process, we can assist a startup business define its scope, identify its market potential and organize its operation to reduce the potential for failure and enhance and accelerate its rate of growth,” O’Neal explained.

“Technical assistance plays a big role, and so does networking. We’ve created an environment where new ideas can take hold and grow, and we’re improving that environment and accelerating that growth every day,” said O’Neal.

For a complete copy of the company’s news release, please contact:

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com

NAI Realvest negotiates acquisition of Westside Business Center in Jacksonville, FL for $1.1 Million+

  

Paul Partyka

Jacksonville, FL – The Partyka Group at NAI Realvest recently negotiated the acquisition of Westside Business Center at 10142 103rd St. in Jacksonville.

Partyka P. Partyka and Juan Jimenez, who head the negotiating team, represented the buyer Winter Springs-based Sandbagger Properties, LLC, a non-residential building operator who paid $1,115,000 for the 18,000 square foot office/warehouse facility on a five-acre site. 

The property, which was 100 percent occupied at the time of the sale, consists of 12 units with office and warehouse space.

For a complete copy of the company’s news release, please contact:

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com

NAI Realvest Completes Four New Office Leases for 6,000 square feet in Maitland, Winter Park and Orlando Downtown Business District

Patty Nolff

ORLANDO, FL--- NAI Realvest recently negotiated four new leases for a total of 6,074 rentable square feet of office space in Winter Park, Maitland and the downtown business district.

  

Jeff Bloom, senior director at NAI Realvest, represented Landlord Pan Coastal LTD, Partnership of Orlando in a lease agreement with Allen and Newman PLLC for 2,244 square feet at 1850 Lee Rd. in the Lee World Center.  Tom Heer of Landqwest represented the tenant. 

Associate Patty Nolff and Michael Heidrich principal brokered a lease for 1,500 square feet at 1245 W Fairbanks Ave. in Winter Park.   Jim Veigle Properties, LLC is the landlord and K. Hovnanian Cambridge Homes LLC is the new tenant. 

Mary Frances West, senior broker associate, represented the landlord IMMO Maitland LLC in a lease agreement with Ponall Law, P.A. for 1,382 square feet in the SunTurst Building at 253 N. Orlando Ave. in Maitland.

Paul P. Partyka, partner, and associate Juan Jimenez represented the landlord at 14 E. Washington St. in the downtown business district for a new office lease to Auctus Creative, a digital marketing agency specializing in “building massive online awareness for companies.”

For a complete copy of the company’s news release, please contact:

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com

Sangamon Terrace Apartments, A New-Construction Affordable Senior Housing Community, Opens Amid Englewood Revitalization in Chicago, IL

                                          

Sangamon Terrace Apartments, Englewood Neighborhood,
Chicago, IL

CHICAGO, IL –  Evergreen Real Estate Services has announced the recent completion of Sangamon Terrace Apartments, a new four-story building providing 24 units of affordable senior housing near 63rd and Halsted streets in Chicago’s Englewood neighborhood.

Sangamon Terrace marks a significant investment in new senior housing construction for the neighborhood and is the nation’s last new-construction housing mixed-finance HUD 202 project.

Located at 6145 S. Sangamon Terrace, the $8.8 million Sangamon Terrace development received $4.3 million through the Department of Housing and Urban Development’s (HUD) Section 202 program, which was created in 1959 to finance the development and preservation of supportive housing for low-income seniors.

Although Section 202 still provides rental assistance to residents of existing communities, funding for new construction has not been available since 2012.

The Sangamon Terrace project team included Chicago-based firms Harley Ellis Devereaux as project architect, The Richman Group Affordable Housing Corp. as tax credit syndicator, Citi Community Capital as construction lender and Joseph J. Duffy Co. as general contractor.

For a complete copy of the company’s news release, please contact:    

Kelly Shumaker, kshumaker@taylorjohnson.com, 312-267-4519

www.evergreenres.com.

Passco Companies Acquires $52 Million Luxury Apartment Community in thriving Scottsdale, AZ Market

Luxe Scottsdale Apartments,  8444 East Indian School Road, Downtown Scottsdale, AZ

Gary Goodman

 SCOTTSDALE, AZ – Passco Companies, LLC has acquired a premier core 218-unit multifamily community for $52.525 million in Scottsdale, Arizona, which it is naming “Luxe Scottsdale.”

 The community, built with an urban design, condominium finishes, and state-of-the art community amenities, was recently developed by the seller, Atlanta-based Wood Partners, according to Gary Goodman, Senior Vice President, Acquisitions for Passco Companies. 

“Luxe Scottsdale’s location at 8444 E. Indian School Road in the coveted Downtown Scottsdale submarket, provides a long-term competitive advantage, high barriers to entry for future multifamily product, and immediate access to Downtown Scottsdale’s upscale retail, vibrant restaurants, nightlife and an expanding hub of dynamic employment,” explains Goodman.

Wood Partners developed the asset as its first of four developments in Arizona. 

For a complete copy of the company’s news release, please contact:    

Jenn Quader

Managing Director

Brower, Miller & Cole

895 Dove Street, Third Floor

Newport Beach, CA 92660

p: (949) 955-7940 / c: (949) 554-3932

jquader@browermillercole.com

www.cbre.com

www.WoodPartners.com

www.passco.com.