HOLUALOA/LAPOUR VENTURE BUYS CAMELBACK ROAD SITE PLANNED FOR OFFICE-HOTEL PROJECT-BREW AZ

Phoenix – LaPour Partners Inc. in Las Vegas, Nev. (Jeff LaPour, principal) has teamed up with Holualoa Companies in Tucson (Mike Kasser, principal) to develop a $75 million office-hotel project at the southeast corner of 28^th Street and Camelback Road in the Biltmore area of central Phoenix. In November, BREW reported LaPour Partners agreeing to acquire the 3.618-acre (net) site, and working to obtain zoning approval for the mixed-use project. Fast forward one year. Zoning is in place.  And in a cash sale, Camelback Collective Holding LLC (LaPour/Holualoa entity) paid $17.475 million  to purchase the property.