Tag Archives: paradise valley

6 Maricopa Community Colleges among nation's best

Six Maricopa Community Colleges have been recognized by the Aspen Institute as being among the nation’s 150 top community colleges. Phoenix College and Estrella Mountain, GateWay, Paradise Valley, Scottsdale, and South Mountain Community Colleges can compete for the 2015 Aspen Prize for Community College Excellence and $1 million dollars in prize funds.

The award, given every two years, recognizes institutions for exceptional student outcomes in student learning, certificate and degree completion, employment and earnings, and high levels of access and success for minority and low-income students. A full list of the
150 community colleges selected from more than 1,000 nationwide is available at www.aspenprize.org; winners will be announced in early 2015.

“We are honored to have been recognized by the Aspen Institute,” said Maricopa Community Colleges Chancellor Rufus Glasper. “As a system, we are among the largest in the nation. As such, we are a major supplier of students transferring to the state’s public universities, and the largest workforce trainer in the state of Arizona. We are working hard to continue improving our outcomes and this honor is indicative of our students’ and faculty’s success.”

“Community colleges have tremendous power to change lives, and their success will increasingly define our nation’s economic strength and the potential for social mobility for every American,” said Josh Wyner, executive director of the Aspen Institute College Excellence Program. “This competition is designed to spotlight the excellent work being done in the most effective community colleges, those that best help students obtain meaningful, high-quality education and training for competitive-wage jobs after college. We hope it will raise the bar and provide a roadmap for community colleges nationwide.”

Applewood Vet Clinic, LGE Design Build

LGE to Construct Paradise Valley Vet Clinic

Applewood Pet Resort will soon welcome a remodeled grooming area and a new 4,500 SF vet clinic. Applewood Pet Resort is one of Paradise Valley’s premier dog, cat and small animal boarding facilities. Their traditional kennels and outdoor park-like areas offer a natural environment. LGE Design Build will soon start construction on a vet clinic that will expand Applewood’s capabilities. Applewood will be able to offer veterinary services along with its grooming and daycare.

quayle

Quayle elected to TGen Foundation Board

Former U.S. Vice President Dan Quayle, who served under President George H.W. Bush from 1989-93, was elected today to the Board of Directors of the TGen Foundation, the philanthropic arm of the non-profit Translational Genomics Research Institute (TGen).

Vice President Quayle attended grade school and high school in Phoenix and Scottsdale and he and his wife, Marilyn, are now residents of Paradise Valley. He brings to the TGen Foundation his vast career experience in politics and financial investment.

“It is my honor to be selected to be a part of TGen and the phenomenal work this biomedical institute is doing to find better treatments for the most serious diseases affecting humanity,” said Quayle, who also is a former U.S. representative and senator from Indiana, and who today is chairman of Cerberus Global Investments, a private equity company with $25 billion under management.

TGen Foundation Board Chairman Bennett Dorrance welcomed Quayle, noting that he is instantly one of the best known among a cadre of top-flight Arizonans who serve on the non-profit panel.

“Today we welcome Vice President Dan Quayle to our TGen family with high expectations and confidence that he will further enhance our philanthropic reach across the nation and help fuel TGen’s genomic research of the world’s most pressing diseases,” Dorrance said. “We welcome his involvement, his extraordinary relationships and his business acumen.”

Dr. Jeffrey Trent, TGen President and Research Director, also welcomed Quayle, whose term as Vice President (1989-1993) coincided with Dr. Trent serving as Scientific Director of the National Human Genome Research Institute at the National Institutes of Health (NIH) in Bethesda, Maryland.

“In 1990, the NIH and the Department of Energy joined with international partners in a quest to sequence all 3 billion letters in the human genome. Vice President Quayle is acutely aware of the importance of this public effort, and remains an advocate for genomic research and what is means for our patients,” Dr. Trent said.

TGen Foundation President Michael Bassoff said that the addition of Quayle to the TGen Foundation Board of Directors would undoubtedly be of huge importance to the future of the institute.

“He brings a powerful internationally recognized voice to advance TGen’s scientific research,” Bassoff said.

Quayle graduated from DePauw University in 1969, and received his law degree from Indiana University in 1974.

He was first elected to the U.S. House of Representatives in 1976 at age 29; to the U.S. Senate in 1980 at age 33; and Vice President of the United States in 1988 at age 41, during which he made official visits to 47 nations and served as chairman of the National Space Council. He has authored three books, including Standing Firm, a vice-presidential memoir, which was on The New York Times best-seller list for 15 weeks.

Quayle also was a distinguished visiting professor of international studies at Thunderbird, The American Graduate School of International Management in Glendale, Arizona.

At Cerberus, one of the world’s leading investment firms, he has been actively involved in new business sourcing and marketing in North America, Europe and Asia. His extensive global network of public and private sector decision-makers, combined with his investment expertise, has significantly contributed to the growth of Cerberus.

LHartsock 2013 photo2

Hartsock Named CEO of P.V. Nonprofit Organization

The Be Kind People Project™, a Paradise Valley nonprofit organization dedicated to improving the nation’s educational environment by recognizing teachers and positively impacting students, announced today that Lisa Hartsock has been named Chief Executive Officer and Executive Director. Working with founder Marcia Meyer, Hartsock will spearhead the next phase of the organization’s rapid growth and the expansion of its nationwide programming to provide K-8th grade students with character development tools that build positive relationship skills while celebrating teachers and their contributions to society.

“The Board of Directors and I are delighted to welcome Lisa to lead our team as we expand the reach and scope of our programs and establish a national platform of advocacy and grassroots action to transform our schools and communities,” said Meyer. “Lisa is a consummate professional, with a proven track record for building strategic alliances with partners, affiliates and donors that will serve us well as we implement our strategic growth plan over the coming months. She is also a caring and compassionate individual who embodies our values as an organization and our commitment to children, teachers and community service.”

“I’m honored to join The Be Kind People Project at this critical stage of its evolution from a regional start-up to a highly regarded nonprofit organization with strong partnerships, comprehensive programs, and a national presence,” said Hartsock. “The Be Kind People Project has developed a unique approach to character building that fully engages students, recognizes teachers and employs classroom materials that meet the highest and most stringent educational standards. I look forward to working closely with Marcia Meyer and the Board as we continue our mission to transform classrooms and inspire communities through the power of kindness.”

As CEO, Hartsock will hold overall strategic and operational responsibility for executing The Be Kind People Project’s mission and directing its staff, programs, financial performance, capacity planning and growth initiatives. During the 2013-14 school year, she will spearhead the organization’s comprehensive national program of classroom events, contests and character development activities designed to provide K-8th grade students with opportunities to practice intentional acts of kindness while celebrating teachers and their critical role in inspiring our next generation of leaders. This branded program combines grade-specific character building lesson plans and classroom resources with video and essay contests that encourage students to express the kindness message through the spoken word, music, dance and the visual arts.

Four times during the school year, The Be Kind People Project also collaborates with Teach For America to deliver gifts of appreciation and classroom supplies to K-8th grade teachers at Title 1 schools across the U.S. The organization also mounts high-energy school and after-school assemblies featuring The Be Kind Crew™, a group of energetic and gifted young performers who use hip hop, street fusion dance, and the spoken word to bring the kindness pledge to life and reinforce the teacher appreciation message in ways that kids find exciting, engaging and fun. The 2013-14 program launched in August/September in ten markets nationwide.

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.

sanctuarypool

Sanctuary Receives 2013 'Stars of the Industry' Award

Sanctuary on Camelback Mountain, the country’s premier luxury resort, was recognized by the American Hotel & Lodging Association (AH&LA) with a 2013 “Stars of the Industry” award during its Summer Summit in Denver, Colo. Sanctuary’s 2012 “Escape for GOOD” fundraiser, which raised $10 million benefiting Athletes for Hope and UGIVE, two nonprofits dedicated to inspiring and enabling voluntary service nationwide, was honored in the “Special Events, One-Time Only, Small-Property” category.

The invitation-only weekend event at Sanctuary, limited to 75 couples at a minimum donation of $50,000 each, offered once-in-a-lifetime experiences with sports industry celebrities such as Andre Agassi, Muhammad Ali, Cris Collinsworth, Mia Hamm, Tony Hawk, Jackie Joyner-Kersee, Alonzo Mourning, Anthony Muñoz, Paul O’Neill and Annika Sorenstam. Activities included tennis with Andre Agassi on Sanctuary’s championship tennis courts, a morning run through Paradise Valley with track and field star Jackie Joyner-Kersee, and a cook-off with culinary masters Todd English, Sanctuary’s own Executive Chef Beau MacMillan, and Phoenix’s Mark Tarbell. The weekend concluded with an extravagant private dinner for Muhammad Ali’s 70th birthday.

Sanctuary’s scenic and tranquil atmosphere provided a perfect backdrop for discussions on social issues and education for America’s youth. The weekend sparked conversations that forged new partnerships between Google and the Gates Foundation, Andre Agassi and Unicef, as well as a new Sports for Development program in South Africa and Ethiopia.

sanctuarypool

Sanctuary Receives 2013 ‘Stars of the Industry’ Award

Sanctuary on Camelback Mountain, the country’s premier luxury resort, was recognized by the American Hotel & Lodging Association (AH&LA) with a 2013 “Stars of the Industry” award during its Summer Summit in Denver, Colo. Sanctuary’s 2012 “Escape for GOOD” fundraiser, which raised $10 million benefiting Athletes for Hope and UGIVE, two nonprofits dedicated to inspiring and enabling voluntary service nationwide, was honored in the “Special Events, One-Time Only, Small-Property” category.

The invitation-only weekend event at Sanctuary, limited to 75 couples at a minimum donation of $50,000 each, offered once-in-a-lifetime experiences with sports industry celebrities such as Andre Agassi, Muhammad Ali, Cris Collinsworth, Mia Hamm, Tony Hawk, Jackie Joyner-Kersee, Alonzo Mourning, Anthony Muñoz, Paul O’Neill and Annika Sorenstam. Activities included tennis with Andre Agassi on Sanctuary’s championship tennis courts, a morning run through Paradise Valley with track and field star Jackie Joyner-Kersee, and a cook-off with culinary masters Todd English, Sanctuary’s own Executive Chef Beau MacMillan, and Phoenix’s Mark Tarbell. The weekend concluded with an extravagant private dinner for Muhammad Ali’s 70th birthday.

Sanctuary’s scenic and tranquil atmosphere provided a perfect backdrop for discussions on social issues and education for America’s youth. The weekend sparked conversations that forged new partnerships between Google and the Gates Foundation, Andre Agassi and Unicef, as well as a new Sports for Development program in South Africa and Ethiopia.

golf

Camelback Inn Announces New $10 Million Golf Course

The JW Marriott Camelback Inn Resort & Spa announced that it will unveil its new Ambiente golf course at Camelback Golf Club in the fall of 2013. Spanish for the word “environment,” Ambiente, which is designed with a detailed eco-friendly focus, will become the first new golf course development project in the Phoenix-Scottsdale and Paradise Valley areas in over five years, and one of a select group of new courses to be built nationwide.

The completion of the $10 million Ambiente golf course will culminate a seven-year, $70 million Marriott renewal project at Camelback Inn, designed to blend reverence for the past with relevance for the future. From preserving the resort’s 1930s adobe brick to the stylish renovation of the Inn’s 453 casita-style guestrooms, and from a new 20,000 square-foot, hi-tech grand ballroom to the debut of BLT Steak, Laurent Tourondel’s modern American steakhouse, the renewal project involved virtually every aspect of the historic resort. Today the new-look 125-acre Camelback Inn, set on its Sonoran Desert surroundings in Paradise Valley, strikes the perfect balance between showcasing the best of the resort’s storied past, while setting a visionary course for the future.

Adding to the lore of Camelback, Ambiente is expected to gain golf industry-wide acclaim for its distinct design, the challenging, yet enjoyable experience it presents to golfers of all levels and the overall aesthetic and environmental qualities it brings to the Phoenix-Scottsdale area. In concert with the popular Padre golf course, Ambiente will help to establish a one-of-a-kind 36-hole Southwest golf destination, for both leisure and group golfers, within the enchanting resort atmosphere of the Camelback Inn.

“Ambiente is more than just a new golf course, for it represents the final phase in Marriott’s unmatched commitment to reinvigorate Camelback Inn for the future, while preserving its history and the unique Southwestern style that has made it a favorite for generations of travelers,” said Jim Rose, General Manager, JW Marriott Scottsdale Camelback Inn Resort & Spa. “While Ambiente is sure to distract golfers with its natural beauty and breathtaking views of Mummy Mountain, Camelback, the McDowells and the Phoenix Mountain Preserve, our golfing guests will find a friendly test of skill and shotmaking that will redefine the golf experience at a resort long known for its exceptional service, palette pleasing food, luxurious accommodations and spirit of adventure.”

The launch of Ambiente, which replaces the old Indian Bend golf course, will create a uniquely different golf experience than the Padre course, which today is regarded as a great parkland style golf course that, while scenic, boasts numerous water hazards, towering Pine and Eucalyptus trees and 18 golf holes that will test every golfer’s ability. In contrast, Ambiente, which was designed by notable golf architect Jason Straka on behalf of Hurdzan/Fry Environmental Golf Design, will present a distinct challenge where accuracy and a good strategy command the day, as every hole will force even the best players to focus on each and every shot. Golfers will find the eye-catching elevation changes, as well as rolling fairways with significant drops throughout the course, are among its most striking features.

Ambiente will also feature five sets of tee boxes, designed to positively impact today’s golf industry “growth of the game” effort. The new forward tees have no forced carries and offer easier approach angles, which create opportunities for aspiring golfers to enjoy regardless of their playing ability. One of the most golfer-friendly features of Ambiente is the creatively shaped greens. The overall green acreage, which stands at about 122,000 square feet, offers great movement, character and feel. Visually intimidating, the putting surfaces are very fair, but will challenge golfers to bring their best putting stroke every time out.

Environment is a significant part of the Ambiente golf course story, which centers on water conservation, wildlife habitat creation and an overall 50 percent decrease in pesticide/fertilizer and fossil fuel use, as compared to the former Indian Bend golf course. The design and layout of the course will be highlighted by 100 acres of new native desert and grass areas that will feature a mix of acacias, jojobas and sagebrush among many other desert shrubs and grasses, as well as an eye-catching collection of both summer and winter desert wildflower mixes.

These native areas, which will require one-third less water than Indian Bend, will be complemented by 85 acres of hybrid turf grass that also requires significantly less water, while reducing the daily labor and machinery intensive maintenance of traditional Bermuda grass. Overall, the combined native areas will give the course a more Northern desert look compared to the area’s traditional Sonoran Desert layouts, making it a must-play Southwestern layout in Paradise Valley.

From an Audubon standpoint, Ambiente is designed to cater to wildlife, which is part of Marriott’s overall role as a steward of the Audubon Cooperative Sanctuary program. By removing over 100 acres of turf grass and replacing it with native desert and grass areas, bird inventory, as well as the local mammal population, will increase substantially.

Adds Rose, “Environmental consciousness has long been a hallmark at Marriott, and we believe that Ambiente is a perfect example of the Company’s commitment to protecting wildlife and natural resources, while continually serving as a leader in eco-friendly business practices. Upon completion, we expect golfers in the community will find that Ambiente stands alongside the premier golf landscapes in the Phoenix-Scottsdale market, while we expect the course to redefine the destination golf experience for group and leisure customers visiting the Camelback Inn.”

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.

Kurt Warner Home (6)

Super Bowl Open House at Kurt Warner's Estate

With Super Bowl XLVII just days away, Concierge Auctions is pleased to announce that former National Football League quarterback Kurt Warner, a Super Bowl record holder and sports broadcaster whose career is regarded as one of the greatest stories in NFL history, will sell his gated residence without reserve on February 27th during a live auction. Perfectly set on over one acre in one of Paradise Valley’s most exclusive neighborhoods, 6712 East Cheney Drive is a uniquely-designed contemporary estate with a convenient location near the exclusive Camelback Country Club. Originally offered for $5 million, the luxury property will be sold to the highest bidder in cooperation with Christine Donnelly of HomeSmart International.

“My family and I completely enjoyed living in this home, but it is time for us to move on,” stated Warner. “I’m relying on Concierge Auctions and Chrissy Donnelly to get the job done. I have watched and been impressed by Concierge’s success with selling other unique properties across the nation and am confident they will generate a fair price and a rightful new owner.”

Designed by renowned Phoenix architect Edward Chavez of Chavez & Associates, 6712 East Cheney Drive was constructed with dramatic living spaces framed with geometric built-ins, gently sloping curves and architecturally-designed elements. The circular driveway and stone fountain leads to a dramatic 24-foot-tall foyer, where a variety of elements come into play including custom circular glass. The estate contains six bedrooms and five and a half bathrooms, a state-of-the-art kitchen with a bar and breakfast nook and a formal dining room. There is also an office, gym, games/billiards room and multiple cozy living areas throughout. The dual master suites can be directly accessed by the home’s metal staircase or elevator. Expansive sunny balconies overlook the diving pool and fountains, which connects to a 62-lap pool and private spa. The dramatic landscape can also be enjoyed through a series of both panoramic and clerestory windows. Additionally, there is a one-bedroom, one-bathroom detached guest house, complete with a full kitchenette.

“This home is a one-of-a-kind work of living art,” Donnelly stated. “Once featured on HGTV’s Celebrity Holiday Homes, it’s dramatic and luxurious, perfect for entertaining guests and spacious enough for a large family. Its unique architectural design leads to so many interesting living spaces, while the fixtures and finishes add a luxurious touch that must be seen in person. The Warners spent many years raising their children here and have nothing but good things to say about the home and the area.”

Warner first achieved stardom while playing for the St. Louis Rams, where he won a Super Bowl MVP award. He also played for the New York Giants, and led the Arizona Cardinals to the Super Bowl in 2008. He owns the three highest single-game passing yards totals in Super Bowl history. As an ode to his talent, Concierge Auctions will host a Super Bowl Open House at the property on February 3rd, starting at 4pm. Visitors will watch the game poolside on the big screen and get a sneak peak of the property.

Paradise Valley is a small, affluent town that is home to 12 resorts, making it one of Arizona’s premiere tourist destinations. The area is known for its incredible real estate and notable residents, including many professional athletes. In addition to Warner, boxer Muhammed Ali, basketball star Steve Nash and baseball pitcher Randy Johnson all call Paradise Valley home. The city is conveniently located between two large municipalities – the City of Scottsdale to the east and the City of Phoenix to the west. The estate is a short eight-mile drive to the Scottsdale Airport, one of the largest single-runway airports in the United States, and 13 miles from Phoenix Sky Harbor International Airport, which offers nearly 1,200 daily flights to major transportation hubs around the world.

“Launching the auction of Kurt Warner’s home just days before the Super Bowl is especially exciting,” stated Laura Brady, President of Concierge Auctions. “Not only does the home have a star-studded history but also a notable architectural pedigree. Just as Mr. Warner has been successful on and off the football field, we intend to achieve his goal of selling on auction day.”

The auction of 6712 East Cheney Drive will be held on February 27th. A 3% commission is offered to the buyer’s representing broker. The property will be open for preview daily from 1 to 4pm. See Auction Terms and Conditions for full details. For more information visit ParadiseValleyAuction.com, call 877.751.8051, or join the social discussion at #KurtWarnerAuction.

Kurt Warner Home (6)

Super Bowl Open House at Kurt Warner's Estate

With Super Bowl XLVII just days away, Concierge Auctions is pleased to announce that former National Football League quarterback Kurt Warner, a Super Bowl record holder and sports broadcaster whose career is regarded as one of the greatest stories in NFL history, will sell his gated residence without reserve on February 27th during a live auction. Perfectly set on over one acre in one of Paradise Valley’s most exclusive neighborhoods, 6712 East Cheney Drive is a uniquely-designed contemporary estate with a convenient location near the exclusive Camelback Country Club. Originally offered for $5 million, the luxury property will be sold to the highest bidder in cooperation with Christine Donnelly of HomeSmart International.

“My family and I completely enjoyed living in this home, but it is time for us to move on,” stated Warner. “I’m relying on Concierge Auctions and Chrissy Donnelly to get the job done. I have watched and been impressed by Concierge’s success with selling other unique properties across the nation and am confident they will generate a fair price and a rightful new owner.”

Designed by renowned Phoenix architect Edward Chavez of Chavez & Associates, 6712 East Cheney Drive was constructed with dramatic living spaces framed with geometric built-ins, gently sloping curves and architecturally-designed elements. The circular driveway and stone fountain leads to a dramatic 24-foot-tall foyer, where a variety of elements come into play including custom circular glass. The estate contains six bedrooms and five and a half bathrooms, a state-of-the-art kitchen with a bar and breakfast nook and a formal dining room. There is also an office, gym, games/billiards room and multiple cozy living areas throughout. The dual master suites can be directly accessed by the home’s metal staircase or elevator. Expansive sunny balconies overlook the diving pool and fountains, which connects to a 62-lap pool and private spa. The dramatic landscape can also be enjoyed through a series of both panoramic and clerestory windows. Additionally, there is a one-bedroom, one-bathroom detached guest house, complete with a full kitchenette.

“This home is a one-of-a-kind work of living art,” Donnelly stated. “Once featured on HGTV’s Celebrity Holiday Homes, it’s dramatic and luxurious, perfect for entertaining guests and spacious enough for a large family. Its unique architectural design leads to so many interesting living spaces, while the fixtures and finishes add a luxurious touch that must be seen in person. The Warners spent many years raising their children here and have nothing but good things to say about the home and the area.”

Warner first achieved stardom while playing for the St. Louis Rams, where he won a Super Bowl MVP award. He also played for the New York Giants, and led the Arizona Cardinals to the Super Bowl in 2008. He owns the three highest single-game passing yards totals in Super Bowl history. As an ode to his talent, Concierge Auctions will host a Super Bowl Open House at the property on February 3rd, starting at 4pm. Visitors will watch the game poolside on the big screen and get a sneak peak of the property.

Paradise Valley is a small, affluent town that is home to 12 resorts, making it one of Arizona’s premiere tourist destinations. The area is known for its incredible real estate and notable residents, including many professional athletes. In addition to Warner, boxer Muhammed Ali, basketball star Steve Nash and baseball pitcher Randy Johnson all call Paradise Valley home. The city is conveniently located between two large municipalities – the City of Scottsdale to the east and the City of Phoenix to the west. The estate is a short eight-mile drive to the Scottsdale Airport, one of the largest single-runway airports in the United States, and 13 miles from Phoenix Sky Harbor International Airport, which offers nearly 1,200 daily flights to major transportation hubs around the world.

“Launching the auction of Kurt Warner’s home just days before the Super Bowl is especially exciting,” stated Laura Brady, President of Concierge Auctions. “Not only does the home have a star-studded history but also a notable architectural pedigree. Just as Mr. Warner has been successful on and off the football field, we intend to achieve his goal of selling on auction day.”

The auction of 6712 East Cheney Drive will be held on February 27th. A 3% commission is offered to the buyer’s representing broker. The property will be open for preview daily from 1 to 4pm. See Auction Terms and Conditions for full details. For more information visit ParadiseValleyAuction.com, call 877.751.8051, or join the social discussion at #KurtWarnerAuction.

Kurt Warner Home (6)

Super Bowl Open House at Kurt Warner’s Estate

With Super Bowl XLVII just days away, Concierge Auctions is pleased to announce that former National Football League quarterback Kurt Warner, a Super Bowl record holder and sports broadcaster whose career is regarded as one of the greatest stories in NFL history, will sell his gated residence without reserve on February 27th during a live auction. Perfectly set on over one acre in one of Paradise Valley’s most exclusive neighborhoods, 6712 East Cheney Drive is a uniquely-designed contemporary estate with a convenient location near the exclusive Camelback Country Club. Originally offered for $5 million, the luxury property will be sold to the highest bidder in cooperation with Christine Donnelly of HomeSmart International.

“My family and I completely enjoyed living in this home, but it is time for us to move on,” stated Warner. “I’m relying on Concierge Auctions and Chrissy Donnelly to get the job done. I have watched and been impressed by Concierge’s success with selling other unique properties across the nation and am confident they will generate a fair price and a rightful new owner.”

Designed by renowned Phoenix architect Edward Chavez of Chavez & Associates, 6712 East Cheney Drive was constructed with dramatic living spaces framed with geometric built-ins, gently sloping curves and architecturally-designed elements. The circular driveway and stone fountain leads to a dramatic 24-foot-tall foyer, where a variety of elements come into play including custom circular glass. The estate contains six bedrooms and five and a half bathrooms, a state-of-the-art kitchen with a bar and breakfast nook and a formal dining room. There is also an office, gym, games/billiards room and multiple cozy living areas throughout. The dual master suites can be directly accessed by the home’s metal staircase or elevator. Expansive sunny balconies overlook the diving pool and fountains, which connects to a 62-lap pool and private spa. The dramatic landscape can also be enjoyed through a series of both panoramic and clerestory windows. Additionally, there is a one-bedroom, one-bathroom detached guest house, complete with a full kitchenette.

“This home is a one-of-a-kind work of living art,” Donnelly stated. “Once featured on HGTV’s Celebrity Holiday Homes, it’s dramatic and luxurious, perfect for entertaining guests and spacious enough for a large family. Its unique architectural design leads to so many interesting living spaces, while the fixtures and finishes add a luxurious touch that must be seen in person. The Warners spent many years raising their children here and have nothing but good things to say about the home and the area.”

Warner first achieved stardom while playing for the St. Louis Rams, where he won a Super Bowl MVP award. He also played for the New York Giants, and led the Arizona Cardinals to the Super Bowl in 2008. He owns the three highest single-game passing yards totals in Super Bowl history. As an ode to his talent, Concierge Auctions will host a Super Bowl Open House at the property on February 3rd, starting at 4pm. Visitors will watch the game poolside on the big screen and get a sneak peak of the property.

Paradise Valley is a small, affluent town that is home to 12 resorts, making it one of Arizona’s premiere tourist destinations. The area is known for its incredible real estate and notable residents, including many professional athletes. In addition to Warner, boxer Muhammed Ali, basketball star Steve Nash and baseball pitcher Randy Johnson all call Paradise Valley home. The city is conveniently located between two large municipalities – the City of Scottsdale to the east and the City of Phoenix to the west. The estate is a short eight-mile drive to the Scottsdale Airport, one of the largest single-runway airports in the United States, and 13 miles from Phoenix Sky Harbor International Airport, which offers nearly 1,200 daily flights to major transportation hubs around the world.

“Launching the auction of Kurt Warner’s home just days before the Super Bowl is especially exciting,” stated Laura Brady, President of Concierge Auctions. “Not only does the home have a star-studded history but also a notable architectural pedigree. Just as Mr. Warner has been successful on and off the football field, we intend to achieve his goal of selling on auction day.”

The auction of 6712 East Cheney Drive will be held on February 27th. A 3% commission is offered to the buyer’s representing broker. The property will be open for preview daily from 1 to 4pm. See Auction Terms and Conditions for full details. For more information visit ParadiseValleyAuction.com, call 877.751.8051, or join the social discussion at #KurtWarnerAuction.

diabetes

JDRF Builds Creative Fundraising Campaign

With the economy in a constant state of flux, JDRF (Junior Diabetes Research Foundation) has come up with an innovative way to raise money for their cause. BedBrock Developers  and its Owner, Richard Brock has offered to donate at least $250,000 from the sale of a $3,350,000 home to be built in Paradise Valley, AZ. In addition, any funds raised beyond the $3.4M will be donated to JDRF. On top of this profoundly generous donation, Sandra Wilken Luxury Properties, as the listing brokerage, will make a sizeable donation in 2013. Total donation could exceed $280,000.

The French villa inspired home, designed by Carson Poetzl Inc., will be called “Matt’s House”, named after Richard Brock’s son, who currently lives among the 3 million Americans with Type 1 Diabetes and is the inspiration in structuring such a unique opportunity to raise awareness and funds for the ongoing research.

The 6,400 sq. ft. home will sit on a 1.06 acre lot and feature 4 bedrooms, 4.5 bathrooms, 5 car garage, an office, pool and spa.

“As the father of a diabetic son, I understand the challenges that families face and sincerely hope that the involvement of BedBrock Developers can make a difference in advancing research.” says Richard Brock. He continues, “that house will always have special meaning to me.”

“We are so thankful to the Brock Family for making this generous commitment to JDRF,” said Cindy Adams, Executive Director.  “The funds raised from the sale of “Matt’s House” will help us make significant progress towards finding a cure for Type 1 Diabetes.”

You may view a letter here written by Matt Brock to the future home owner.

Barbara.Barrett

Barrett named to Smithsonian board

Paradise Valley resident Barbara Barrett was appointed this month to the Smithsonian Institution’s Board of Regents.  She will serve a six-year term as a citizen regent on the board that is the governing body of the renowned institution that consists of 19 museums and nine research centers. In addition, the Smithsonian has numerous relationships with other cultural and research institutions. Her appointment to the board of regents was signed by President Barack Obama on January 10th and her term began immediately. No stranger to the Smithsonian, she also served as a member of the National Air and Space Museum in the 1980s, and has spent much of the last ten years serving on the Smithsonian National Board.

Prior to accepting the position, Barrett completed a stint as interim president of Glendale’s Thunderbird School of Global Management. She is CEO of luxury resort Triple Creek Guest Ranch, located in Darby, Montana. She also serves on the governing boards of the RAND Corporation, Aerospace Corporation, Sally Ride Science Foundation, Lasker Foundation and Space Foundation.

roosevelt row arts district

Nominations announced for Governor’s Arts Awards

Sixty-two nominations from 18 Arizona communities were submitted in six categories for the 32nd annual Governor’s Arts Awards for individuals and businesses who have made substantial and outstanding contributions to arts and culture statewide.

Winners will be announced on Wednesday, March 6, at The Herberger Theater Center, 222 E. Monroe.  The Governor’s Arts Awards are presented by Arizona Citizens Action for the Arts in partnership with the Arizona Commission on the Arts and the Office of the Governor.

Since 1981, 152 artists, individuals, arts and cultural organizations, educators and businesses have received Governor’s Arts Awards

Nominees, by category, and their hometowns are:

Artist: Lee Berger, Phoenix; Charles Bruffy, Phoenix; Daniel Buckely, Tucson; Michael Christie, Phoenix; Bobb Cooper, Phoenix; Barbara Dahlstedt, Glendale;  Maria Isabel Delgado, Chandler; Shawn Franks, Phoenix; Deb Gessner, Mayer; Kristine Kollasch, Phoenix; Bruce Marion, Chandler; Fredric Myers, Apache Junction; Monica Saldana, Goodyear; Mike Vax, Dewey; Jim Waid, Tucson.

Arts in Education – Individual: Annica Benning, Scottsdale; Kathryn Blake, Phoenix; Dennis Bourret, Tucson; Simon Donovan, Tucson; Patti Hannon, Phoenix; Marion Kirk Jones, Phoenix; Sherry Koopot, Paradise Valley; Barbara Nueske Perez, Gilbert; Charles St. Clair, Glendale; Joshua Thye, Phoenix.

Arts In Education – Organization: Arizona Dance Education Organization, Phoenix; Copperstar Repertory Company, Chandler; The Glendale Arts Council, Glendale; Lovena Ohl Foundation, Scottsdale; Marshall Magnet Elementary School, Flagstaff; OpendanceAZ, Phoenix; Phoenix Conservatory of Music, Phoenix; The Phoenix Symphony, Phoenix; Sonoran Glass School, Tucson; UAPresents, Tucson; West Valley Conservatory of Ballet, Surprise.

Business: BMO Harris Bank, Phoenix; LDVinci Art Studio, Chandler; Southwest Ambulance, Mesa.

Community: Alwun House Foundation, Phoenix; Contemporary Forum, Phoenix; Del E. Webb Center for the Performing Arts, Wickenburg; Flagstaff Cultural Partners, Flagstaff;
James E. Garcia, Phoenix; KXCI Community Radio, Tucson; Mesa Arts Center, Mesa; Release the Fear, Phoenix; Scottsdale International Film Festival, Scottsdale; Virginia G. Piper Charitable Foundation, Phoenix; Warehouse Arts Management Organization, Tucson; Young Arts Arizona Ltd., Phoenix.

Individual: Marco Albaran, Tempe; James K. Ballinger, Phoenix; Richard A. Bowers, Phoenix; Ted G. Decker, Phoenix; Faith Hibbs-Clark, Phoenix; Kaitlyn Mackay, Glendale;
Constance W. McMillin, Sun City; Nichole Newman-Colter, Litchfield; Hope Ozer, Paradise Valley; Rebecca Taylor, Yuma.

Honorees will be selected by an independent panel of judges.

The eighth annual Shelley Award also will be presented to an Arizona individual who has advanced the arts through strategic and innovative work in creating or supporting public policy beneficial to the arts in Arizona.  The award is named for Shelley Cohn, who spent more than 25 years as executive director of the Arizona Commission on the Arts.

Ticket prices are $135 for members of Arizona Citizens for the Arts and $150 for nonmembers.  Sponsorships are available.
For information and to make reservations go to www.governorsartsawards.org.

roosevelt row arts district

Nominations announced for Governor's Arts Awards

Sixty-two nominations from 18 Arizona communities were submitted in six categories for the 32nd annual Governor’s Arts Awards for individuals and businesses who have made substantial and outstanding contributions to arts and culture statewide.

Winners will be announced on Wednesday, March 6, at The Herberger Theater Center, 222 E. Monroe.  The Governor’s Arts Awards are presented by Arizona Citizens Action for the Arts in partnership with the Arizona Commission on the Arts and the Office of the Governor.

Since 1981, 152 artists, individuals, arts and cultural organizations, educators and businesses have received Governor’s Arts Awards

Nominees, by category, and their hometowns are:

Artist: Lee Berger, Phoenix; Charles Bruffy, Phoenix; Daniel Buckely, Tucson; Michael Christie, Phoenix; Bobb Cooper, Phoenix; Barbara Dahlstedt, Glendale;  Maria Isabel Delgado, Chandler; Shawn Franks, Phoenix; Deb Gessner, Mayer; Kristine Kollasch, Phoenix; Bruce Marion, Chandler; Fredric Myers, Apache Junction; Monica Saldana, Goodyear; Mike Vax, Dewey; Jim Waid, Tucson.

Arts in Education – Individual: Annica Benning, Scottsdale; Kathryn Blake, Phoenix; Dennis Bourret, Tucson; Simon Donovan, Tucson; Patti Hannon, Phoenix; Marion Kirk Jones, Phoenix; Sherry Koopot, Paradise Valley; Barbara Nueske Perez, Gilbert; Charles St. Clair, Glendale; Joshua Thye, Phoenix.

Arts In Education – Organization: Arizona Dance Education Organization, Phoenix; Copperstar Repertory Company, Chandler; The Glendale Arts Council, Glendale; Lovena Ohl Foundation, Scottsdale; Marshall Magnet Elementary School, Flagstaff; OpendanceAZ, Phoenix; Phoenix Conservatory of Music, Phoenix; The Phoenix Symphony, Phoenix; Sonoran Glass School, Tucson; UAPresents, Tucson; West Valley Conservatory of Ballet, Surprise.

Business: BMO Harris Bank, Phoenix; LDVinci Art Studio, Chandler; Southwest Ambulance, Mesa.

Community: Alwun House Foundation, Phoenix; Contemporary Forum, Phoenix; Del E. Webb Center for the Performing Arts, Wickenburg; Flagstaff Cultural Partners, Flagstaff;
James E. Garcia, Phoenix; KXCI Community Radio, Tucson; Mesa Arts Center, Mesa; Release the Fear, Phoenix; Scottsdale International Film Festival, Scottsdale; Virginia G. Piper Charitable Foundation, Phoenix; Warehouse Arts Management Organization, Tucson; Young Arts Arizona Ltd., Phoenix.

Individual: Marco Albaran, Tempe; James K. Ballinger, Phoenix; Richard A. Bowers, Phoenix; Ted G. Decker, Phoenix; Faith Hibbs-Clark, Phoenix; Kaitlyn Mackay, Glendale;
Constance W. McMillin, Sun City; Nichole Newman-Colter, Litchfield; Hope Ozer, Paradise Valley; Rebecca Taylor, Yuma.

Honorees will be selected by an independent panel of judges.

The eighth annual Shelley Award also will be presented to an Arizona individual who has advanced the arts through strategic and innovative work in creating or supporting public policy beneficial to the arts in Arizona.  The award is named for Shelley Cohn, who spent more than 25 years as executive director of the Arizona Commission on the Arts.

Ticket prices are $135 for members of Arizona Citizens for the Arts and $150 for nonmembers.  Sponsorships are available.
For information and to make reservations go to www.governorsartsawards.org.

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.

flag

Arizona congressional races too close to call

Arizona’s three competitive congressional races were too close to call early Wednesday, including the Tucson-centered seat Rep. Ron Barber won in June to replace his former boss, Gabrielle Giffords.

Barber saw his small lead against Republican Martha McSally in the 2nd District disappear just before midnight, with McSally taking a tiny lead.

“We knew it was going to be close and this is exactly what we expected,” she said late Tuesday.

Barber reminded supporters that Giffords’ narrow 2010 win over Republican Jesse Kelly also wasn’t known for several days.

“We’ve got a little bit further to go,” he said. “It’s going to be tomorrow or the day after that.”

Both Giffords and Barber were wounded in January 2011 when a gunman opened fire at a “Congress on Your Corner” event for the then-congresswoman and her constituents. Eleven others also were wounded and six people were killed.

Giffords stepped down from Congress earlier this year to focus on her recovery. Barber beat Kelly in the June special election to replace her.

Kelly chose not to make a third run this fall. McSally, a retired Air Force fighter pilot, won the GOP nomination in August and sought to persuade some of the women and independents who swung to Barber in the special election.

“We knew it was going to be close and this is exactly what we expected,” she said late Tuesday.

In the new Phoenix-area 9th District, Democrat Kyrsten Sinema and Republican Vernon Parker were in a near dead heat.

Both Parker and Sinema acknowledged the wait would be long, and Parker urged his supporters to be patient because thousands of ballots remained uncounted.

“I am telling you all to hang in there,” Parker told supporters in Phoenix. “We will win this thing. I guarantee you.”

Republicans have a slight registration advantage in the district, which includes much of Tempe and parts of Phoenix, Scottsdale, Paradise Valley, Mesa and Chandler. But both parties’ totals are exceeded by independents, and many believe it leans Democratic.

Sinema told supporters there was good reason to be optimistic.

“Right now we’re going to keep our heads high, take a deep breath and pray for every vote to be counted in this election,” she said.

In northeastern Arizona’s 1st District, Republican Jonathan Paton’s slight lead over Democrat Ann Kirkpatrick diminished as Tuesday night wore on.

Kirkpatrick told supporters she was waiting for results from the Navajo Nation and other tribal areas that she hopes will put her back on top. The district runs from Flagstaff through eastern Arizona counties and then west into parts of Pinal County.

“Our race is looking good, but we’re not going to know for quite a while,” she said.

Depending on the outcome, Democrats could end up with a majority of the delegation or Republicans could hold on or add to their current 5-3 majority. The state earned a ninth seat after the 2010 Census and will fill it for the first time in November.

Voters in six districts chose their representatives along the expected 4-2 party split in favor of Republicans.

Democratic Rep. Raul Grijalva won re-election in the 3rd District, freshman GOP Rep. Paul Gosar easily won in the 4th District and former Republican Rep. Matt Salmon coasted to victory in the 5th.

Republican Reps. David Schweikert and Trent Franks were re-elected in the 6th and 8th districts while Democratic Rep. Ed Pastor cruised in the 7th District.

sanctuarypool

Sanctuary Named Top Resort in the Southwest

The results of Condé Nast Traveler’s 25th annual Readers’ Choice Awards are in, and Sanctuary on Camelback Mountain has been voted the number one resort in the Southwest. With an overall score of 92.5 reflecting readers’ opinions on rooms, service, food, location, design and activities, Sanctuary shares the region’s top spot with Tucson’s The Ritz-Carlton, Dove Mountain. This year, Condé Nast Traveler received a record 46,476 responses, with readers evaluating more than 10,000 resorts, destinations, airlines, and cruise lines worldwide.

“We are honored to be recognized by Condé Nast Traveler’s readers and thrilled for the Sanctuary team,” said Mike Surguine, vice president and general manager of Sanctuary on Camelback Mountain.  “The Phoenix/Scottsdale region has long been a sanctuary for leisure travelers, and we owe a debt of gratitude to the people and businesses that make this one of the world’s best places to visit.”

Condé Nast Traveler’s complete list of top resorts in the Southwest is available at http://www.cntraveler.com/readers-choice-awards/united-states/top-25-resorts-southwest-usa.

Sanctuary 02

Sanctuary on Camelback Introduces New Maître d’ of elements

Sanctuary on Camelback Mountain is pleased to introduce Norbert G. Taillole as maître d’ of its award-winning elements restaurant.  He brings over 25 years of hospitality experience to his position.

“We are delighted to have Norbert in place at elements,” said Mike Surguine, vice president and general manager of Sanctuary on Camelback Mountain.  “He has brought a loyal following of patrons to us from his years with the area’s best restaurants, and I know that Norbert’s experience and professionalism will add to the reputation and continued success of Sanctuary’s dining program.”

A native of Provence, France, Taillole has lived with his family in Arizona since 1981.  He has served as maître d’ for some of the Phoenix metropolitan area’s most prestigious and successful restaurants, including LON’s at the Hermosa Inn, Zinc Bistro, Desert Highlands Golf Club, Christopher’s Bistro and Mary Elaine’s at The Phoenician.

Taillole has an honors diploma in hospitality management from the American Hotel & Motel Association.

One of the country’s most lauded luxury resorts, Sanctuary is a striking boutique property on Camelback Mountain in Paradise Valley, Arizona, just minutes from downtown Scottsdale.  Under the direction of Westroc Hospitality, Sanctuary enjoys international acclaim for its contemporary design, and award-winning elements restaurant and Sanctuary Spa.  A member of Small Luxury Hotels of the World, Sanctuary was recognized in 2006 as the “top resort” in the United States by the readers of Condé Nast Traveler. Sanctuary has been a Condé Nast Traveler “Gold List” and “Reader’s Choice” winner since opening in 2001, and in 2012 was named #1 Resort in Arizona in Travel + Leisure’s 500 Best Hotels in the World.  Connect with Sanctuary on Facebook, Twitter and Pinterest.

Sandra Wilken Luxury Properties

As Paradise Valley Real Estate Recovers, Sandra Wilken Luxury Properties Expands

Sandra Wilken Luxury Properties grows as Valley real estate market prepares for comeback.


The real estate market in the Paradise Valley area is experiencing an increase in business and activity. According to The Cromford Report, Paradise Valley’s home inventory has decreased, which means more homes are being sold and monthly sales are continuing to rise. In fact, the annual change in sales in Paradise Valley and the Scottsdale area has increased by nine percent and 11 percent, respectively.

Due to this recent market success, Scottsdale-based Sandra Wilken Luxury Properties (SWLP) will launch a new division, Paradise Valley Premier Properties. This division will focus on buying and selling homes in Paradise Valley, the state’s most affluent town.

“Since the first of the year, we’ve already seen a significant uptick in buyers and sellers,” says Sandra Wilken, president and designated broker of SWLP, “and we’re gearing up for the rise in activity.”

This new division has also created a partnership with Bedbrock Developers and its PV Design Center, located in the heart of Paradise Valley, to offer clients and the general public a one-stop-shop for new construction and remodeling needs.

In the past five months, SWLP has increased its total transactions and new business acquisition by 30 percent.

“The town has always been unique with its central location in the heart of Phoenix surrounded by Camelback and Mummy mountains,” Wilken says. “We are starting to see an increased demand for homes in the area within all price ranges, and the inventory is at a low not seen in the past 10 years.”

With the new division, six new staff members were recently added. And, with the increase in demand, the firm is also looking to add at least three additional Realtors to its team of 15, specifically with experience in the $1M and above price range.

“We want to be in a position to take advantage of the market comeback,” Wilken says. “It hasn’t been this exciting to buy and sell in Paradise Valley in a long time.”

For more information about Sandra Wilken Luxury Properties, visit sandrawilken.com or call (480) 596-0001.

luxuryrealestate

Housing Crash is Hurting The Valley’s Luxury Real Estate Market

A meticulous five-bedroom, remodeled home sits nestled in one of Paradise Valley’s most beautiful neighborhoods. But the most remarkable thing about this home is not its one-acre lot, new flooring or up-to-date kitchen. It’s the “For Sale” sign that has graced the front yard for two years.

Two years, two different realty companies and several price reductions later, the home finally is generating some energy and a contract is in the works. But, according to information from Coldwell Banker’s luxury home experts with The Walt Danley Group, that never would have happened if the price hadn’t dropped 20 percent in one year and 40 percent from the time it first went on the market.

This scenario is playing out to varying degrees throughout the Valley’s high-end home submarkets, from the Biltmore area to Paradise Valley to North Scottsdale. Real estate professionals say that while wealthy clients clearly are insulated from some of the economic hardships that face production-home buyers, they are not completely immune from them.

Inventory is high, homes are sitting on the market longer and Realtors must convince sellers to lower their expectations on price.

“What’s happening in the marketplace,” says Sandra Wilken of Sandra Wilken Luxury Properties, “is we are trying to get our sellers to be extremely realistic on their list price. The ridiculous prices of three years ago are not going to happen.”

In 2007, Wilken says buyers in Paradise Valley purchased 133 properties worth $2 million or more. The most expensive home sold for $8.8 million. This year, 62 homes have been sold in that range, with the highest fetching $7.62 million.

Information from the Arizona Regional Multiple Listing Service in two high-end zip codes, Paradise Valley’s 85253 and North Scottsdale’s 85256, shows inventory climbing through 2007 and the first half of 2008 compared to accepted offers. The average price for a property sold in Paradise Valley in September 2006 was $2.328 million. This past August it was $1.606 million.

Break it down
It is important to understand that in the luxury home market, different segments are performing in different ways.

Buyers who can afford a $2 million to $4 million home, or higher, are more insulated from current market conditions.

Tom Fisher calls them “program buyers,” successful and affluent business people who are on track to build homes that some call “family resorts.”

Fisher, owner of Fisher Custom Homes, builds houses that start at $2 million. His clients’ income or cash flow often is tied to the stock market, and while that has bred caution in their spending, in his experience it hasn’t derailed many building plans.

Walt Danley agrees there still is activity in the high-end market, but poor economic conditions fostered by sub-prime lending have, in a sense, trickled up.

Credit crunch
Credit in the form of jumbo loans, or loans for more than $417,000, has dried up as well. Several years ago, buyers could purchase a $1 million home with as little as 5 percent down, says Dean Bloxom, president of iMortgage Services in Phoenix. Some banks asked for 10 percent on $2 million.

Today, loans are available but banks want at least 20 percent down, and clear, documented evidence of someone’s assets and income — a correction that should have happened earlier, Bloxom says.

There are indications the market may pick up some velocity, says Cionne McCarthy, an agent with Russ Lyon Sotheby’s International Realty.

The Luxury Home Tour, which showcases homes in Paradise Valley and the Arcadia and Biltmore districts, recently released figures that show homes in August spent less time on the market.

From Aug. 8 to Sept. 6, homes spent an average of 151 days on the market, compared to an average of 223 days between August 2007 and August 2008.