Silverleaf developer perseveres after recession of ’08

The Arizona Republic | azcentral.com
May. 29, 2012
by Peter Corbett

Two coyotes are sunning themselves on the Silverleaf Club golf course on a recent morning as DMB President Charley Freericks looks on from inside the clubhouse.

Breakfast guests are admiring the animals, and Freericks jokes that it is not going to be appetizing if a jackrabbit makes a run for it across the emerald fairway.

As a Valley real-estate veteran of nearly 30 years, Freericks is well aware that only the strong survive in the wild and in development.

DMB , developer of Silverleaf, DC Ranch and One Scottsdale, has emerged from the steepest canyons of the real-estate crater with plenty of vacancies in its office and retail space. But new tenants are moving in, new homes are going up and more than 500 apartments are planned at One Scottsdale and east of the DC Ranch Crossing shopping center.

“The recession slowed things down but a lot of people kept chugging along,” he said as he drove through Silverleaf, among the Valley’s most exclusive addresses, at the foot of the McDowell Mountains, just east of Pima Road on Thompson Peak Parkway within DC Ranch.

Read more: http://www.azcentral.com/community/scottsdale/articles/2012/05/24/20120524silverleaf-developer-perseveres-after-recession.html#ixzz1wIm84zF3

Jill Hegardt

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