Vestar Archives

Valley Partnership announces 2017 chair, board members

Phoenix
by in AZRE Magazine

Valley Partnership named Brett Hopper, development consultant at The OPUS Group, as its 2017 Chair. The commercial real estate industry group also named new board members representing Pederson Group, Land Advisors, Hines, City of Phoenix and Macerich. “As Valley Partnership’s 2017 Chair, I look forward to drawing from the expertise and experience of my peers… Read More →

Chalk Art Festival takes over 3 Valley shopping centers

Chalk Art Festival
by in Experience AZ Magazine | Play

Dozens of chalk artists will hit the pavement during the 4th annual Chalk Art Festival on Saturday, April 29, from 11 a.m. to 6 p.m. at Tempe Marketplace, Desert Ridge Marketplace and Westgate Entertainment District. Artists from the Southern Arizona Arts and Cultural Alliance (SAACA) will descend upon each shopping venue to craft colorful, eye-popping, dimension-bending illustrations on 6-by-6-foot canvas murals.… Read More →

Desert Ridge Marketplace announces $15M renovation

by in AZRE Magazine

Phoenix-based Vestar has commenced the renovation of its shopping center Desert Ridge Marketplace located off Loop 101 and Tatum Boulevard in north Phoenix. The $15 million overhaul is being done with the community, residents and visitors to the area in mind. First opened in 2001, Desert Ridge Marketplace served as the cornerstone in generating the… Read More →

No bites at 4th Annual ULI Arizona Shark Tank

The 4th Annual Shark Tank presented by ULI Arizona mirrored some of the trends that we’re seeing in Valley commercial real estate: affordable, ground-up multifamily; converting single-family homes into residential assisted-living; and repurposing and preserving a building that’s been part of the local economy since the 1940s. A rapt audience of more than 200 was… Read More →

ULI Arizona ‘Sharks’ bare their teeth Nov. 9

Are Your Investments Safe Or Risky?
by in AZRE Magazine | Events

Following the enormous success of the popular TV show Shark Tank at ULI Fall Meetings, ULI Arizona is again bringing together expert money and real local deals. A panel of “sharks” will be moderated by C. Joseph Blackbourn, president and CEO, Everest Holdings, to evaluate the proposals and offer the audience a look behind the… Read More →

Leadership profile: J. Paul Rhodes of Vestar

J. Paul Rhodes Executive vice president Vestar Rhodes, a founding principal of Vestar, oversees construction for its operations.Rhodes has been responsible for the construction of more than 95 shopping centers, in excess of 21.5 million square feet. He graduated from ASU with a degree in civil engineering.Rhodes is a founding member of Executive Council 70,… Read More →

Restoration Hardware opens first Arizona outlet store today

by in Experience AZ Magazine

Vestar, one of the leading privately held real estate companies in the western United States, announced today the upcoming opening of the first RH — Restoration Hardware — outlet store in Arizona at Crossroads Towne Center today. The 28,000-square-foot space will be located at 3757 S. Gilbert Road on the northeast corner of the Loop 202 in Gilbert, Ariz.… Read More →

Meet Tempe Business Woman of the Year recipients at luncheon

Business Woman of the Year

The Tempe Chamber of Commerce’s most recent Business Woman of the Year Award recipient Denise Hart joins prior recipients Jodi Polanski and Margaret Hunnicutt at an educational and inspiring luncheon. These notable women will have a conversation about what it takes to succeed in life and business and answer questions about their achievements and experiences. The event takes place on Sept.… Read More →

Desert Ridge Marketplace, Tempe Marketplace add retailers

by in Eat | Experience AZ Magazine | Play

Exciting developments are underway at Desert Ridge Marketplace and Tempe Marketplace, as the shopping centers prepare to welcome several in-demand retailers and restaurants to their respective properties this fall. With a combined 2.5 million square feet of space drawing 30 million visitors annually, the two Vestar-operated shopping centers are already home to a wide array… Read More →

Vestar acquires Gilbert retail center for $17.96 million

by in AZRE Magazine | Retail

Phoenix-based real estate firm Vestar acquired Lakeview Village at Morrison Ranch, a 93,741-square-foot grocery-anchored neighborhood center in Gilbert for $17.96 million. Situated on 16 acres at the southeast corner of Higley and Elliot Roads, Lakeview Village at Morrison Ranch is leased to several national and regional retailers including Bashas’, Bank of America, Panda Express, Great Clips, UPS Store, H&R… Read More →

Tempe Chamber honors Denise Hart

Business Woman of the Year

The Tempe Chamber of Commerce has named Denise Hart as the 2016 Business Woman of the Year. She was honored at the 21st Annual Women in Business Conference on May 25 at the Doubletree by Hilton in Tempe. “I was deeply honored to be nominated for Tempe Business Woman of the Year among so many… Read More →

Vestar adds 350K SF to Phoenix portfolio

Vestar
by in AZRE Magazine

Vestar, one of the leading privately held real estate companies in the western United States, has been retained by a family owned company as the property management firm for Superstition Springs Center, a 186,766-square-foot community retail center located in Mesa, Ariz. and Ancala Village, a 173,185-square-foot community retail center located in Scottsdale, Ariz. Vestar now manages more than 26 million square feet. Vestar’s team brings a… Read More →

Tempe names Business Woman of the Year finalists

The Tempe Chamber of Commerce announced three finalists for the 21st annual Business Woman of the Year award. The recipient will be announced at the Tempe Chamber Women in Business Conference on May 25. The award recognizes an individual’s excellence in their chosen field and demonstrated leadership within the community. The award honors those who… Read More →

Phoenix-Based Vestar pays $31.4M for Seattle retail center

Vestar
by in AZRE Magazine | Retail

Phoenix-based commercial real estate firm, Vestar, purchased James Center, a retail center in Tacoma, Washington, for $31.4 million. James Center is located at 6901 S. 19th St. in western Tacoma and is directly across from Tacoma Community College, which enrolls nearly 14,000 students per year. The center totals 140,240 square-feet and is situated on 15.95 acres.… Read More →