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Phoenix Business Journal
Valley industrial brokers switch to expanded CRE firm
National real estate firm KBC Advisors has expanded its Phoenix office with three new industrial experts to support its Valley operations, the company announced on July 22. <\p> Danny Schuster of Colliers International in Phoenix and Chris Lydon of Avison Young in Chicago were tapped to join KBC's brokerage team, while Kirk Kuller of Cushman & Wakefield in Phoenix has joined KBC's capital markets team. <\p>
Dircks moving company co-founder retires
Rick Dircks, who co-founded Dircks Moving & Logistics with his brother Chip Dircks in 1990, has retired from the Phoenix company.<\p> After they sold the company to Matt Dircks — Chip's son and Rick's nephew — at the end of 2022, Chip immediately retired. But Rick stayed on to help with sales and community relations.<\p>
Retail real estate brokerage sets up Scottsdale office
Secure Net Lease, a commercial real estate brokerage that specializes in the acquisition and disposition of investment real estate, has set up an office in North Scottsdale and will oversee the Phoenix and Arizona markets for the Dallas-based firm.<\p> Steve Lowe, most recently with Colliers, has signed on to be the executive vice president for Secure Net Lease’s Valley office and lead the firm's team in multi-tenant retail and shopping center sales.<\p>
Former ASU guard earns NBA Summer League honors
LAS VEGAS — The night before the Miami Heat’s second Summer League game against the Oklahoma City Thunder, former Arizona State University guard Josh Christopher was in the gym until 11 p.m. preparing for the contest. The following day, Christopher put up 20 points during the fourth quarter and posterized two OKC point guards, sending the crowd into a frenzy.<\p> Since being plucked from the NBA’s G League and named to the Heat’s 2024 Summer League roster, Christopher has made it his mission to show that he belongs on an NBA team. After helping Miami win the Summer League Championship July 22 and earning MVP of the game, Christopher left Vegas knowing he had done all he could to raise his stock.<\p>
Push to back founders of color has Arizona connection
More than 100 entrepreneurs and investors in two dozen states — including Arizona — signed a letter asking the U.S. Senate Banking Committee to support two bills that would help boost access to capital for underrepresented startup founders.<\p> Phoenix-based Seed Spot CEO Zach Leverenz is among the signatories, who also include former TaskRabbit CEO Stacy Brown-Philpot, Noom cofounder Saeju Jeong and Colorwave Executive Director John Roussel.<\p>
Mixed-use center proposed in hot East Valley corridor
A proposed mixed-use project could add another high-profile development to an emerging East Valley intersection.<\p> Scottsdale-based Berry Riddell LLC, on behalf of property owner the Saia family, filed a pre-submittal application for a mixed-use project on nearly 20 acres on the northeast corner of Power and Elliot roads in Mesa. <\p>
Builder plans active adult resort in West Valley
Known as America's Most Trusted Active Adult Resort Builder since 2013, Shea Homes is putting a new spin on its popular Trilogy Signature master-planned communities.<\p> Typically, Shea Homes builds Trilogy Signature active adult master-planned communities with at least 2,000 homes, but now the Scottsdale-based builder is unveiling a boutique active adult concept, known as Trilogy Boutique, across the country with between 250 and 550 homes.<\p>
Music festival planned for Old Town Scottsdale
The Dreamy Draw Music Festival announced July 23 the lineup for its 2024 two-day music and arts festival, which will be held Nov. 1 and Nov. 2 in Old Town Scottsdale.<\p> The Dreamy Draw Music Festival debuted in 2023 and highlights a mix of country, folk, Americana, roots and rock music. The festival is put on by Oh Wow Company, the Phoenix-based event production company that has grown the popular M3F Fest held in downtown Phoenix in recent years. Oh Wow partnered with the nonprofit Scottsdale Arts to curate a lineup and a portion of the proceeds will go to Scottsdale Arts.<\p>
Can the Phoenix Rising get back to championship form?
Under a new manager and paced by a new signing, Phoenix Rising recently got their first win since June 8, and it came after a month of ups and downs for the club. Still, questions and concerns continue to revolve around the organization that won the USL title last season.<\p> In the first game since a road loss to San Antonio, interim head coach Diego Gómez earned his first win at the helm on July 19, as Rising defeated El Paso 2-0 at Phoenix Rising Soccer Stadium.<\p>
Blackstone subsidiary pays nearly $250M for data center site
QTS Realty Trust has acquired a substantial site in the Phoenix metro for another data center campus. <\p> Overland Park, Kansas-based QTS, which is owned by private equity firm Blackstone Inc., acquired 206 acres in the West Valley for $246.8 million in an all cash deal in July from TGV Investments LLC, according to Maricopa County land records. That's equal to approximately $1.2 million an acre, according to real estate database Vizzda. <\p>
Developers start work on East Valley retail project
Dirt is moving on an East Valley project that's been about five years in the works.<\p> Northside at SanTan Village — a rising development between Williams Field and Ray roads in Gilbert — will transform about 20 acres with new restaurants, retail and a hotel. Developers Okland Capital and San Tan Development Group have started construction on the first six buildings totaling 37,245 square feet for new retail. Blake Bunker, the managing partner of Okland Capital, said construction on a 134-key Marriott Springhill Suites would start next month, making up about 10 of the 20 acres for Northside at SanTan Village.<\p>
Report: Valley millennials rush to buy homes
The Phoenix metro has emerged as one of the nation’s top places for millennials to buy houses. <\p> A new analysis by SmartAsset of the 40 largest U.S. metros ranked the Valley No. 6 overall for its percentage of local millennials who bought homes in 2022. Across the Phoenix area, more than 5% of millennials living in the region purchased homes that year. <\p>
Team USA pack lessons from WNBA All-Star weekend for Paris Olympics
As Diana Taurasi spoke to reporters Saturday outside the Team USA locker room after the WNBA All-Star game, Phoenix Mercury teammate Kahleah Copper walked behind the six-time Olympian, dancing with one hand in the air and a flour taco in the other before using her unoccupied hand to play with Taurasi’s ear.<\p> Taurasi turned, laughed and Copper leaned her head on the 20-year veteran’s shoulder.<\p>
National homebuilder's CFO to retire; successor named
Atlanta-based homebuilder PulteGroup Inc. is planning a big change to its C-suite.<\p> PulteGroup (NYSE: PHM), which recently inked a pair of hefty leases in the Phoenix metro to significantly grow its Valley footprint, said that Executive Vice President and Chief Financial Officer Bob O’Shaughnessy has announced he will retire at the end of next year. Senior Vice President of Finance Jim Ossowski has been named as O’Shaughnessy's successor.<\p>
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