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 [...]
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.
Experience Matters, a nonprofit dedicated to connecting active adults to community nonprofits where they can invest their time and talents, recently awarded their first Encore Prize to Michael McQuaid. In collaboration with the Piper Trust, this prize recognizes the exemplary efforts of an individual who, in his encore career, has applied their skills to a nonprofit to make a major community impact.
McQuaid serves as the Chairman of the Board for the Human Service Campus in downtown Phoenix. Before joining the Human Services Campus, McQuaid worked in the commercial real estate industry. His development and construction expertise were [...]
More than 200 volunteers arrived with shovels, paint brushes and trowels in hand ready to work on the annual Valley Partnership Community Project on Saturday, November 2nd at Save the Family’s Escobedo re-development in Mesa. DMB has been a proud supported of Valley Partnership and their annual community project and more than 20 DMB team members joined in the day long project.
Save the Family’s Escobedo at Verde Vista is a $29 million public-private partnership project that will provide quality affordable housing to vulnerable families. Both Valley Partnership and Save the Family’s mission align by helping “build strong [...]
Apple announced Tuesday that it is coming to Mesa – to Eastmark. Apple purchased the First Solar building at Eastmark to operate a manufacturing facility that will create high-quality, green tech jobs for the region. Their investment in the East Valley will have a massive economic impact for the region and our state.
More than a year ago, DMB Associates collaborated with the Arizona Commerce Authority, the Greater Phoenix Economic Council, the City of Mesa and others to bring another division of Apple to Arizona. Although a compelling vision for Eastmark was presented, Apple decided to locate that [...]
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