Tag Archives: Arcadia

Makucell Skincare

Spectrum Dermatology opens 2nd location in Arcadia

North Scottsdale’s skin experts will now be offering their state-of-the-art dermatology services to the Arcadia and Biltmore area with the opening of their second office. Located on the highly visible corner of Camelback and 44th street, Spectrum Dermatology’s new facility will continue the exemplary services and treatments offered at its flagship location in North Scottsdale. The expansive medical facility will also offer an onside pathology lab and surgical center.

“Due to the rapid growth of our practice we are pleased to expand into a second location in the Biltmore area,” said Dr. Nancy Kim, Board-Certified Dermatologist and founder of Spectrum Dermatology. “It is our goal to bring a comprehensive cache of dermatology services to the area, all in one place,” she said.

This state-of-the-art facility boasts 4,000 sq. ft. of contemporary and modern comfort. The office offers all services of medical, cosmetic, and laser dermatology. A V beam laser is available to treat Rosacea and skin redness and aging skin can be energized with Cutera IPL. Patients can also undergo complete skin resurfacing with the Lumenis Ultrapulse Co2 laser or the Erbium Yag laser for more aggressive ablative resurfacing.

Led by Dr. Nancy Kim, Spectrum Dermatology is Arizona’s leading medical dermatology practice specializing in Mohs surgery. Spectrum’s team of doctors and aestheticians specializing in skin health offer a ‘full spectrum’ of dermatology expertise including cosmetic dermatology, surgical dermatology and laser dermatology.  Spectrum Dermatology currently serves nearly 10,000 patients at its North Scottsdale facility.

The new office of Spectrum Dermatology also offers KTP diolite for redness. Mohs surgery, an advanced technique for treating skin cancer, will also be performed in an onsite surgical facility. This location will also have an in house dermatopathology laboratory rounding out the facility as the new skin expert of Arcadia.

For more information about Spectrum Dermatology or Dr. Nancy Kim, visit www.spectrumdermatology.com.

housing.prices

WSJ Ranks Danley as Top Arizona Realtor

The Wall Street Journal and REAL Trends, Inc. rank Walt Danley as the top selling real estate agent in Arizona, according to its “The Thousand: 2013 Top 1,000 Real Estate Professionals” list released June 28, 2013. Danley is ranked No. 37 in the U.S. for individual sales volume, having sold more than $137.7 million in residential real estate in 2012. “The Thousand” list is comprised of third-party data and honors the top 1,000 real estate professionals and teams in the nation.

Walt Danley is the president and namesake of Scottsdale-based luxury residential real estate brokerage, Walt Danley Realty. The firm is Arizona’s affiliate of Christie’s International Real Estate and boasts the largest inventory of million-dollar estates within Arizona. Danley has sold more than $2.5 billion during his over 35-year career, and has been ranked in the top one percent of real estate agents nationally every year since 1977.

“Being listed amongst the top real estate agents in the nation is an honor and very humbling,” states Danley. When asked what advice he would give an agent entering the luxury real estate arena, Danley comments, “Operate your business with integrity, market knowledge, old-fashioned hard work and truly understand the needs of your client.”

Walt Danley Realty represents luxury homebuyers and sellers in the Northeast Valley of Phoenix including Scottsdale, Paradise Valley, Fountain Hills, Rio Verde, Arcadia, Biltmore, Cave Creek and Carefree. Walt Danley Realty is located at 6720 N. Scottsdale Rd., #140, Paradise Valley, AZ 85253. For more information, call (480) 991-2050 or visit www.waltdanley.com.

Luxury Home - AZ Business Magazine November 2008

Luxury market sees 54% drop in short sales

This summary looks at single family homes over $500,000 in all areas of the Northeast Valley, including Scottsdale, Paradise Valley, Fountain Hills, Rio Verde, Arcadia, Biltmore, Cave Creek and Carefree.

SUPPLY

The supply of active listings offered for sale as of May 1 is 2,222 down 2% from last month and comprising 2,122 normal (down 2%), 83 short sales (down 8%) and 17 lender-owned (up 31%). Last year on the same date we had 2,017, with 1,803 normal, 179 short sales and 35 lender-owned. So supply is 10% higher than last year, with more sellers encouraged by the improvement in the market. Homes in distress have declined significantly over the last year with short sales down by 54% and lender-owned homes down by 51%. 2,222 luxury home listings remains a sufficient supply to satisfy the present number of buyers and the market remains fairly balanced, without the chronic shortages of supply which have been affecting prices at the low end of the market. For homes priced over $2,000,000 there are 454 active listings, down 8 from last month but 3% higher than the 439 we measured last year. This higher priced sector has more plentiful supply than the lower priced ranges. However this year there are only 2 lender-owned home and 5 short sales over $2,000,000, down from 5 and 13 on May 1, 2012.

DEMAND – SALES

There were 354 sales closed though ARMLS in April, up 16% from the 305 reported in March, and up a strong 31% from the 271 we saw in April 2012. Since last December sales numbers have been getting increasingly impressive and this was the strongest April for sales over $500,000 that we have seen since 2007, when there were also 354 sales. There were 7 sales over $3,000,000 compared with 8 in April 2012, and 18 sales between $2,000,000 and $3,000,000, up from 10 in April 2012. The range from $1,500,000 to $2,000,000 declined from 16 to 11 sales, but all the lower price ranges saw substantial increases over last year. 92% of sales were normal in April 2013 compared with 82% last year.

multimedia

Local Youth Honored at Digikids Film Festival

The Boys & Girls Clubs of Greater Scottsdale recently partnered with the Microsoft Store located at Scottsdale Fashion Square to showcase young Club members’ excellence in the area of multimedia art as part of the Digikids Film Festival. The program encourages Club members to learn and practice in digital arts, including movie making, music making, and graphic design.

The young honorees and the public got the chance to view their movies on the big screen, courtesy of the Harkins Theatre at Scottsdale Fashion Square. After the movie screenings, the festival moved to the Microsoft Store where a red carpet and awards presentation took place.

Award Winners
Pinnacle High School students Parker Bradshaw and Harrison Mosbaugh, members of the Club’s Vestar Branch in Desert Ridge, both took home “Best Actor” honors during the event for the exceptional work in their branch’s film “Living the Dream.”

Pueblo Elementary student Nhi Tran, a member of the Rose Lane Branch in Scottsdale, was named “Best Actress” for her work in her branch’s film, “Evil Dentist.”

Desert Mountain students Jake Davis and Aaron Fugelberg, members of the Virginia G. Piper Branch in North Scottsdale, earned the “Best Music Video” crown for their “White and Nerdy” musical short.

Rounding out the North Valley-area honorees were Copper Ridge Elementary students Jillian Miller and Samara Hamideh, members of the Thunderbirds Branch in North Scottsdale, won in the category of “Best Stop Motion” for their “Koala Cake” short.

Taking home “Best Movie” honors for their “Prison Break” movie submission during the event was none other than the team from Arcadia’s own Hartley & Ruth Barker Branch, including:
* Christa Palacio, 9, of Pima Elementary School
* Diego Davila, 9, of Arcadia Neighborhood Learning Center
* Adyson Anaya, 9, of Pima Elementary School
* Iliana Morales, 10, of Pima Elementary School
* Kimberly Sierra, 9, of Tonalea Elementary School

In addition, children from the Club’s Paiute Outreach Center in Arcadia were also honored with the “Best Scary Movie” award for their “A Pauite Haunting” short film submission. These honorees are:
* Jasmine Silva, 9, of Tavan Elementary School
* Jhosevetd Gutierrez, 13, of Ingleside Middle School
* Maria Gutierrez, 13, of Ingleside Middle School
* Melonie Alvarez, 9, of Tonalea Elementary School
* Jonothan Garcia, 7, of Tavan Elementary School
* Annay Lopez, 11, of Tonalea Elementary School

Taking home “Best Action Sequence” honors during the event was none other than the team from the Salt River Pima-Maricopa’s own Lehi Branch, including:
* Thalisie Paukgana, 11, of Kerr Elementary School
* Anthony Shippley, 11, of Kerr Elementary School
* Alex Miranda, 11, of Lehi Elementary School

In addition, taking home “Best Sound Effects” honors during the event was the team from the Club’s Red Mountain Branch, also on the reservation, including:
* Victoria Maynard, 10, of Whittier Elementary School
* Mekkhi Chiago, 11, of Whittier Elementary School
* Vincent Chiago, 10, of Whittier Elementary School
* Nate Wood, 12, of Whitman Elementary School
* Jared Wood, 11, of Whitman Elementary School
* Gregorio Martinez, 11, of Whittier Elementary School
* Alacia Carlisle, 11, of Whittier Elementary School
* Georgia Carlisle, 10, of Whittier Elementary School
* Hastiin Reina, 11, of Whittier Elementary School
* Elisette Hayes, 10, of Salt River Elementary School
* Amber Dorchester, 10, of Salt River Elementary School
* Arianna Flores, 11, of Salt River Elementary School

Taking home “Best Harlem Shake” honors, a new award based on the popular viral videos popping up online each day, during the event was none other than the team from Fountain Hills’ own Mary Ellen & Robert McKee Branch. Dozens of youth members helped plan the “shake” and participated in the video.

Each team of winners will now be entered into the national competition where it will be up against regional winners in all 50 states. National winners will be announced later this summer.
In addition to seeing their work on the big screen, the kids were honored at the event with a Microsoft Store goody bag filled with over $75 worth of items including a lunch pail, sunglasses, store discount cards, games and more.

Club members worked all year to master the skills of digital art through the program. The arts, which develops creativity and cultural awareness through all different types of mediums, is just one of five core areas focused on at the Boys & Girls Clubs. The non-profit organization also promotes leadership development, education, life skills and sports, fitness and recreation through their 100 youth development programs.

“We fully support creativity through technology, and we’re excited to deepen our commitment to the Scottsdale communities by providing technology and resources to the Boys & Girls Clubs,” says Melissa Brewer, Community Development Specialist at the Microsoft Store. “We were so impressed by the grasp youth have today on software tools and technology.”

gaia

Biltmore Bank Sponsors Start-Up Competition

Biltmore Bank of Arizona, a premier community bank headquartered in Arcadia along the Camelback Corridor that is focused on the needs of the small and medium-sized business, announced that it has joined Tallwave, a lean business accelerator and venture management firm also located in Scottsdale, for the first-ever “High Tide” Start-Up Competition.  High Tide is focused on commercializing new sustainable ventures in Arizona by bringing validated companies to willing and motivated capital sources.

“High Tide is the only startup competition in the Southwest, applying lean business and design validation principles to identify, develop and commercialize rapid-growth startups,” said Jeff Gaia, CEO and president of the Biltmore Bank of Arizona. “Through our sponsorship of this innovative program, we believe we can help connect the entrepreneurial ecosystem in Arizona as well as assist startups in becoming become viable, scalable and sustainable growth companies.”

Thus far in the competition, High Tide has selected and celebrated 20 companies throughout the Southwest to participate in its “Phase One: Validation” program, which examines viability of each venture. Six of these 20 companies have since been announced as finalists and have now moved to the “Phase Two: Acceleration” program, which assesses product-market fit and go-to-market commercialization.

The finalists – four of whom are from Arizona – are:
Convrrt from Chandler
Creative Allies from Santa Monica, California
GreenRx from Denver, Colorado
HiringSolved from Chandler
LocalWork.com from Phoenix
SaveOnCouriers.com from Phoenix

Each High Tide finalist will receive a cash grant of $15,000 for use in company operational expenses and an additional $35,000 in scholarships for either “Product Market Fit” or “Go To Market” services from Tallwave. There is no cost to entrepreneurs selected to participate in the High Tide program. For more information, visit www.TallwaveHighTide.com.

“As a High Tide sponsor, Biltmore Bank has visibility into Arizona’s most exciting and promising startup and early-stage ventures,” said Jeffrey Pruitt, Tallwave chairman and CEO. “Entrepreneurs need the help of community leaders such as Biltmore Bank and we applaud their support of the next captains of industry.”

luxuryrealestate

Luxury Real Estate Market Retrospective: 2001-2012

News archives must be bursting with stories examining real estate’s regional and national trends after one of the most dramatic events in U.S. real estate history. However, with the old adage in mind that all real estate is local, we wanted a clear retrospective of the market we serve without the sensationalism and consistently inconsistent “expert” predictions.

Real estate veterans and industry followers are no doubt aware of the outstanding work Mike Orr has done as founder of real estate research firm The Cromford Report, and his recent appointment to Director of the Center for Real Estate Theory and Practice at ASU’s School of Business. We’ve asked him to analyze specifically our luxury market since 2001.

Though it’s no secret that residential real estate is often a purchase driven by passion, our clients are increasingly concerned about home-as-investment strategy. With this in mind, we analyzed the most helpful statistics for luxury home investors in Phoenix’s Northeast Valley from 2001 through 2012. The analysis covers single family homes $1,000,000 or more in Scottsdale, Paradise Valley, Fountain Hills, Rio Verde, Arcadia, Biltmore, Cave Creek, and Carefree. It is our hope that a better understanding of where we’ve been will help us know where we are going.

Annual Sales

In 2001, there were 396 sales of single-family homes listed at $1,000,000 or more. At the time, Scottsdale (182) narrowly beat Paradise Valley (170) for units sold, but Paradise Valley had a slight edge in terms of dollars spent. Sales in these two areas made up 89 percent of the entire luxury market, with Phoenix trailing at 15 sales in the Biltmore area and 13 in Arcadia. Carefree (7), Cave Creek (4), Fountain Hills (4) and Rio Verde (1) were relatively small markets then, and while they have grown tremendously since 2001, 86 percent of sales are still in either Scottsdale or Paradise Valley.

Sales volume grew slowly in 2002 and 2003, before expanding dramatically in 2004 and 2005 when it peaked at 1,563, almost four times the sales volume a mere four years earlier. Scottsdale accounted for much of the luxury sales growth, thanks to its relatively undeveloped landscape with room for new projects in DC Ranch, Troon, Grayhawk, McDowell Mountain, Pinnacle Peak, the Shea Corridor and Desert Mountain.

Although sales began to decline after the frenzied peak of 2005, luxury home sales remained reasonably buoyant when compared to the market at large, until demand fizzled out in the second half of 2007. The broader real estate market collapse, as well as the stock market collapse in 2008, would destroy confidence in real estate for years to come. Foreclosures and short sales became part of the new vernacular, peaking in 2010 and representing 33 percent of transactions that year. Total annual sales have remained at a similar level for the past five years, but distressed sales have declined to 17 percent of transactions in 2012. Total sales in 2012 were at their highest level since 2007.

Sales Pricing

The Northeast Valley luxury market appears extremely volatile when measured on a shortterm basis, due to relatively low volume and a wide range of price points. Greater accuracy is obtained by measuring pricing over longer periods, and the best way to judge pricing is typically on a per square foot basis. The next chart shows the 12-month moving average sales price per square foot, meaning each month is the average of that specific month and the 11 months preceding it.

In 2001, the luxury market was already troubled by over-supply, and took another hit after the terrorist attacks of 9/11 and resulting stock market weakness. However, by 2004 pricing improved and prices escalated quickly during 2005 and 2006.

Yet, while prices fell from mid 2006 onwards in less expensive markets, luxury market price per square foot continued climbing – despite a slowdown in sales – into the early part of 2008. However, the extreme economic recession and the failures of Bear Stearns and Lehman Brothers took their toll from May 2008 onwards; prices collapsed from the peak of $404 per square foot in December 2007 to reach $290 by May 2010, before drifting to their lowest point ($277) in February 2012. Although the decline from peak to trough was a significant 31%, this is far less than the 59% drop in average price per square foot experienced by the overall market in the Metro Phoenix area.

Pricing finally began to recover as distressed homes worked their way through the system and by the end of 2012, price per square foot had crawled back to $291 and continue to trend upward. “86 percent of sales are still in either Scottsdale or Paradise Valley” “prices collapsed from the peak of $404 per square foot in December 2007 to reach $290 by May 2010.

Supply

During 2004 and 2005, new listings grew at a slower rate than sales volume, but they continued growing in 2006 and 2007 as sales declined; projects began during what we now recognize as the peak took time to finish. This ominous imbalance led to the huge excess of inventory in 2008 when only 766 homes were sold across the entire Northeast Valley luxury market. The number of distressed listings peaked in 2009 at 21 percent of new listings before declining to 9 percent in 2012. The number of new listings in total was at its lowest in 2011; 2012 was the first year since 2007 to show an increase in inventory. By the end of 2012, supply was roughly in balance with demand.

Seasonality

The luxury market is most active during the spring, and most transactions close from March to June each year. Over the last 12 years, this period typically generates sales at a remarkable 39 percent higher rate than the rest of the year.

Summary and Outlook

Between 2001 and 2012 the luxury home market has experienced a period of great turbulence and volatility, though not quite the extremes suffered by the rest of the market. As 2012 came to a close, supply and demand are near balanced. Barring external economic shocks, the luxury market looks likely to be relatively calm and positive.

For a personal analysis of what these numbers mean for your home, please contact our office at 480-991-2050.

Arcadia Neighborhood Learning Center, AZRE September/October 2011

Education: Arcadia Neighborhood Learning Center


ARCADIA NEIGHBORHOOD LEARNING CENTER

Developer: Scottsdale Unified School District
General contractor: McCarthy Building Companies
Architect: Corgan Associates
Location: 3811 N. 44th St., Scottsdale
Size: 61,877 SF

The $16M project will be a K-8 campus rebuild and will include a new, 2-story classroom building and full-size multipurpose building. Subcontractors include Echo Canyon Electrical, Stone Cold Masonry, TD Industries and Hardrock Concrete. Expected completion is 4Q 2012.

AZRE Magazine, September/October 2011