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November 1, 2004 The Business Journal of Phoenix Marriott International (NYSE:MAR) is reportedly courting development partners for a mixed-use project anchored by a Ritz-Carlton hotel on 124 acres of land straddling the Paradise Valley-Scottsdale border in Arizona. The property, mostly ...
October 21, 2004 Sentinel Real Estate Corp. is selling The Highlands, a 272-unit apartment complex in Scottsdale, Ariz., for $26 million.The $95,588/unit price works out to a capitalization rate of 6.0 percent, based on a projected net operating income of ...
September 23, 2004 Host Marriott Corp. (NYSE:HMT) has acquired the 270-room Scottsdale Marriott at McDowell Mountains in Scottsdale, Ariz., for $57.5 million.The purchase price includes the assumption of $33.5 million in debt, a five-year mortgage that matures in 2008 and ...
September 10, 2004 Phoenix Business JournalConstruction has started on the first phase of the $250 million Scottsdale Waterfront development at the southwest corner of Scottsdale and Camelback roads. The project is a venture between Chicago-based Golub & Co. and Starwood ...
July 6, 2004 The Business Journal of PhoenixDavid Hovey, founder and president of Optima Inc., plans to develop 800 high-end condominiums in Scottsdale, Ariz. Construction on Optima Camelview condos could begin in early 2005. The property is a 15-acre site ...
July 2, 2004 The Arizona RepublicThe Pederson Group will pay $11.6 million for a 22-acre site in the Grayhawk community of Scottsdale, Ariz., with plans to build a shopping center there. The Phoenix development company won the bid at an ...
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