Tag Archives: Scottsdale Pavilions

Lee Hanley - Vestar

Vestar's Hanley, 70, Dies Of Pancreatic Cancer

Lee T. Hanley, CEO of  Vestar Development, one of the largest privately held shopping center companies in the Western U.S., died Sunday. He was 70. The cause was pancreatic cancer.

Hanley spent more than three decades in the industry and was regarded by many as an icon in the development community. Under his leadership, Vestar, which Hanley and several other founders spun off from a home building company in the late 1980s, became a dominant player in its metro area and the Los Angeles and San Diego markets. The company has undertaken some of the most challenging, yet innovative and ultimately successful open-air projects in the country, starting with the development in 1989 of Arizona’s first power center, the former Scottsdale Pavilions.

Vestar negotiated a land lease with the Salt River Pima-Maricopa Indian Community to develop the 1.1 MSF center on about 100 acres owned by the sovereign tribe. The center attracted major retailers because of its proximity to Scottsdale.

By incorporating lakes, waterfalls and other design elements that were relatively new to shopping centers, Vestar set out to create a sense of place at Scottsdale Pavilions, and that remains a mission for the company with its projects today. (The center is now owned by Phoenix-based De Rito Partners Development Inc. and has been renamed The Pavilions at Talking Stick.)

Born in Los Angeles, Hanley graduated from the University of Arizona with a degree in accounting and served as an officer in the U.S. Marine Corps, including duty in the Vietnam War. Early in his career, he worked for the Xerox Corp., rising to become one of its top salesmen in the West, and for brokerage firm CB Commercial, the predecessor to CBRE Group Inc. In 1977, he was recruited by the former Estes Homes of Tucson to start its commercial development division, which built centers as amenities for its master-planned communities.

In the late ’80s Estes was seeking to raise cash to pay down debt, and Hanley spearheaded a buyout of his division in partnership with three colleagues, Richard J. Kuhle, David J. Larcher and J. Paul Rhodes, all of whom remain with Vestar. The acquisition was partially funded by the pension plan of the former Ameritech Corp., one of the seven so-called Baby Bells created as a result of the breakup of AT&T in 1984. Ameritech was eager to expand its portfolio of real estate investments in the West and became a capital partner to Vestar, giving it a competitive advantage over other developers during the credit crunch and recession of the late ‘80s and early ‘90s.

During that period, Vestar made its move into the highly competitive Southern California market, acquiring properties and securing entitlements for projects in places where other developers had tried to no avail. Its first ground-up project in the state was Cerritos Town Center, a 600,000 SF power center that brought one of the first Wal-Mart stores to the Los Angeles area. Vestar sold the center in early 2012.

Rick Hearn, Vestar’s director of leasing, says Hanley was a mentor who led by example. Hanley inspired him and many others at Vestar to get involved in politics, charitable causes and professional organizations.

“I consider myself blessed to have had a mentor like Lee,” says Hearn, one of many longtime Vestar employees. “He left his mark on a lot of different organizations.”

Hanley was involved in numerous other organizations. He was a trustee of the Urban Land Institute and the Barrow Neurological Foundation, which raises funds for the Barrow Neurological Institute at St. Joseph’s Hospital and Medical Center in Phoenix. He also served on the board of the TGen Foundation, which raises funds to support the Translational Genomics Research Institute, a non-profit biomedical research institute in Phoenix.

He was active in the Greater Phoenix Leadership council, the Valley of the Sun United Way and other organizations in the Phoenix area.

Hanley and his wife Nancy were married for more than 40 years and had three children and seven grandchildren.

red-awards-2012

2011 RED Awards Winners & Honorable Mentions

On Feb. 22, AZRE hosted the 6th Annual, 2011 RED Awards reception at the Ritz-Carlton in Phoenix to recognize the most notable commercial real estate projects of 2010 and the construction teams involved. AZRE held an open call for nominations and more than 100 architects, contractors, developers and brokerage firms participated in the process. All the winning projects and brokers are featured on the following pages.

View pictures from the 2011 RED Awards.
View the 2011 RED Awards candid shots as well.

2011 winners can order Awards, Plaques & Reprints


The project categories include:

  • Office
  • Industrial
  • Medical
  • Mixed-Use
  • Most Challenging
  • Hospitality
  • Multi-Family
  • Retail
  • Sustainable
  • Redevelopment
  • Public
  • Education
  • Tenant Improvement
PLUS:

  • Developer of the Year
  • Architect of the Year
  • General Contractor of the Year
  • Broker/Broker Team of the Year

Congratulations to all the 2011 RED Awards Winners

Best Hospitality Project, Small:

Winner:

The Phoenician Ballroom Expansion

Best Hospitality Project, Large:

Winner:

Talking Stick Resort

Best Industrial Project:

Winner:

Keller Electrical

Honorable Mention:

Power-One (Phase I & II)

Best Medical Project:

Winner:

Diamond Children’s Medical Center at UMC

Honorable Mention:

Ryan House at St. Joseph’s Medical Center

Best Mixed-Use Project:

Winner:

CityScape

Honorable Mention:

Gila River Indian Community, District One Service Center

Most Challenging Project:

Winner:

Soleri Bridge & Plaza

Honorable Mention:

Maricopa County Security Building

Best Office Project:

Winner:

Chandler City Hall

Honorable Mention:

Mercy Medical Commons

Best Multi-Family Project:

Winner:

Vi at Silverstone

Honorable Mention:

Sagewood, Phase 1

Brokerage Team: Leasing

Winner:

Tom Adelson, Kevin Calihan

Jim Fijan, Jerry Roberts

CB Richard Ellis

Brokerage Team: Sales

Winner:

Tyler Anderson, Sean Cunningham

CB Richard Ellis

General Contractor of the Year:

Winner:

Sundt Construction

Best Retail Project:

Winner:

Mountain Ranch Marketplace

Honorable Mention:

Scottsdale Pavilions – Theater/Food Court Renovation

Most Sustainable Project:

Winner:

White Tank Branch Library & Nature Center

Honorable Mention:

CREST Specialty School

Best Redevelopment Project:

Winner:

Phoenix-Mesa Gateway Airport

West Terminal Expansion Phase I

Honorable Mention:

Cowley Companies Warehouse Office

Best Public Project:

Winner:

Musical Instrument Museum

Honorable Mention:

Randall McDaniel Sports Complex

Best Education Project:

Winner:

Sedona-Oak Creek

Red Rock High School

Performing Arts Center

Honorable Mention:

Mesa Community College Red Mountain Campus

Best Tenant Improvement Project:

Winner:

Lumberyard Tap Room

Honorable Mention:

Polsinelli Shughart

Special Merit:

Winner:

Schuff Perini Climber

Broker – Leasing:

Winner:

Andy Kroot

Velocity Retail Group

Broker – Sales:

Winner:

Eric J. Wichterman

Cassidy Turley BRE Commercial

Developer of the Year:

Winner:

RED Development

Architect of the Year:

Winner:

RSP Architects


Presented by:

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Squire Sanders Logo
CBIZ Logo

AZRE Logo

 

Sponsored by:

D.P. Electric Logo
Weitz Logo
Clark Hill Logo

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Best Retail Project 2011

Mountain Ranch Marketplace at Estrella

Best Retail Project 2011: Mountain Ranch Marketplace at EstrellaDeveloper: Kitchell Development Co.
Contractor:
Double AA Builders
Architect:
Butler Design Group
Broker:
Land Advisors Organization
Size:
109,000 building SF
Location:
9890 S. Estrella Pkwy., Goodyear

The 22-acre Mountain Ranch Marketplace at Estrella is comprised of 109,000 SF of retail space and at full build out will total 165,000 SF. The center is anchored by Safeway and includes Chase Bank, Walgreen’s, Subway, Great Clips, Oasis Bagel and several other tenants. Designed in cottage-bungalow architectural style, it features low-pitched gable roofs and deep, overhanging eaves. The project is the first LEED Gold certified neighborhood retail center in Arizona. It also was awarded a $10,000 rebate from APS for performing an energy savings analysis. Mountain Ranch Marketplace is a joint venture between Kitchell and Newland Communities.




Honorable Mention: Scottsdale Pavilions – Theater/Food Court Renovation

Scottsdale Pavilions – Theater/Food Court RenovationDeveloper: De Rito Partners Development
Contractor:
Double AA Builders
Architect:
Nadel Architects
Size:
57,956 SF
Location:
9090 & 9120 E. Indian Bend Rd., Scottsdale
Completed:
November 2010