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Apple Deal Wins Economic Development Deal of the Year

Business Facilities Magazine recently awarded their top prize, the Gold Award for Economic Development Deal of the Year, to Arizona’s team that brought Apple to the state. The winning team – including GPEC, the Arizona Commerce Authority, Salt River Project, DMB, Maricopa County and the City of Mesa – was selected for their collaborative efforts to attract Apple’s manufacturing operations at Eastmark in Mesa, Arizona.

Late last year in 2013, a coalition of governments, corporations and economic development leaders worked together to pave the way for Apple to start up manufacturing operations at Eastmark. Their successful efforts demonstrate [...]

Stem-Focused Sequoia Pathfinder Academy at Eastmark to open in August

MESA, ARIZONA – Edkey Inc., the parent company of 16 Sequoia Charter Schools, has completed construction plans for the new $6.5 million Sequoia Pathfinder Academy at Eastmark, located on Eastmark Parkway, north of Ray Road in Mesa. The new tuition-free elementary school, which will serve 400 students, is scheduled to open in August for the 2014-15 school year.

According to Edkey CEO, Doug Pike, the Pathfinder campus at Eastmark is designed to optimize learning experiences in all spaces. Similar to a “children’s museum,” changeable interactive learning resources and demonstrations will be built into the common areas and learning [...]

Market Street at DC Ranch Purchased by Whitestone REIT

DMB Commercial is pleased to announce that Market Street at DC Ranch has been sold to Whitestone REIT. This signature neighborhood center was built early in the development of the DC Ranch community to provide a variety of distinctive shops and boutiques, restaurants, neighborhood conveniences and offices all intimately tied together. The center’s unique design embodies that rustic, yet elegant feel of DC Ranch. Over the past 10 years, Market Street has been recognized as North Scottsdale’s premier dining and social destination. 

Whitestone REIT, a national real estate company that specializes in redeveloping Community Centered Properties, approached DMB [...]

Exciting News from DMB Commercial

We’ve had many achievements to celebrate across the Valley in 2013 and today, we have two new announcements to share.

Market Street Sold to Whitestone REIT 
Market Street at DC Ranch, one of DMB’s signature commercial properties, was sold to Whitestone REIT.  Over the past 10 years, Market Street has been recognized as north Scottsdale’s premier dining and social district.

The property was not on the market, but their team approached us with a purchase offer and the timing was right.  Whitestone is active in the Phoenix market and intends to significantly invest in Market Street.  This [...]

Whitestone REIT Acquires Market Street at DC Ranch for $37.4 Million

HOUSTON, TX (December 5, 2013) -  Whitestone REIT (NYSE: WSR – “Whitestone”), a fully integrated real estate company that owns, operates and re-develops Community Centered PropertiesTM, announced today that it has purchased Market Street at DC Ranch® in Scottsdale, Arizona for $37.4 million, or $156 per square foot. Market Street primarily serves the DC Ranch neighborhood, one of Scottsdale’s signature master planned communities, anchored by Safeway grocery, at the cross roads of Pima, and Thompson Peak, just north of highway 101. The 241,280-square-foot property is currently 80% occupied and includes land to build and lease another 35,000 square feet. 

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The purpose of the DMB Associates Blog is to provide you with up-to-date, timely and relevant information about our company, communities, commercial properties and private clubs. All data and information provided on this site is for informational purposes only. The opinions, views, and thoughts expressed are those of our bloggers and do not necessarily represent the views of DMB Associates, Inc.