Scottsdale Development Partners
Insight, experience + execution = maximum value.
by sdpretail
PHOENIX – The revitalization of a once-struggling West Valley shopping center will continue under a new owner.
TriGate Capital on Wednesday announced the sale of Goodyear’s Canyon Trails Towne Center to the Santa Cruz Seaside Company in a $41 million deal.
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An apartment complex, hotel, specialty grocer and big-box stores are on tap to be built at the Canyon Trails Towne Center in Goodyear after the shopping center was purchased by a California-based company.
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David Malin — who had attracted Portillo’s to Tempe Marketplace in 2013 back when he was a top executive at Vestar — is now bringing the Chicago-based eatery to Tucson.
The founder and president of Scottsdale Development Partners paid $1.6 million for a 1.7-acre parcel that previously housed Claim Jumper at El Con Center in Tucson.
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After paying $10.5 million for a shopping center in August 2020, David Malin has sold it for $21.95
million.
During the 18 months that he owned The Shops at Dynamite Creek at the northwest corner of Tatum and Dynamite boulevards in Phoenix, the president of Scottsdale Development Partners raised occupancy from 69% to 96% by the time he sold it, bringing on eight tenants.
by sdpretail
After making his firm’s first real estate investment in the middle of the Covid-19 pandemic, David Malin is nearing the end of a $1.5 million renovation to the Cave Creek shopping center.
Malin, founder of Scottsdale Development Partners, bought the Shops at Dynamite Creek in Cave Creek for $10.5 million in summer of 2020. At the time, the development was 69% leased. Now, three more tenants have brought the occupancy to 83%.
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(PHOENIX) Vestar’s former long-time Vice President of Development and Acquisitions has a new company and has acquired his first shopping center.
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Scottsdale Development Partners, a new real estate development and investment firm created by a former Vestar vice president, closed on its first Phoenix area acquisition and is in the works for several other projects
throughout the western U.S.
by sdpretail
David Malin is no stranger to retail real estate. He was vice president of development and acquisitions at Vestar, a company nationally recognized as a leader in the acquisition, management and development of retail real estate.
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