Category: News articles

Kauffman Named CEO of Holualoa Companies

by 4:33pm
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From Commercial Executive Magazine

Tucson, Arizona – Richard B. Kauffman has been promoted to Chief Executive Officer of Holualoa Companies effective December 1, 2019. 

I. Michael Kasser will continue to guide Holualoa as Founder and Chairman of the company. “Rick’s leadership has been an integral part of Holualoa’s success, and his becoming CEO is a natural step forward for the company,” Kasser said.  

Kauffman, who has been with Holualoa since 2000 in various finance and operational roles, previously served as the company’s Chief Financial Officer.

 “I am honored to work with Holualoa’s skilled team of over 30 professionals and particularly with the partners on the company’s executive team, including Aroon Chinai (Chief Investment Officer), Stan Shafer (Chief Operating Officer) and Lani Baker (Vice President of Finance),” Kauffman said.

Holualoa was founded by Kasser in Hawaii 35 years ago. The company expanded to the Southwest in the Resolution Trust Corporation days with a Tucson office.  The company continued to grow by opening offices in Phoenix, Arizona and Santa Monica, California. Further expansion led Holualoa to partnerships in Washington, DC and Paris, France.

Stifel signs 10-year lease at Camelback Collective

by 8:13am
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One of the country’s premier investment firms is moving its Phoenix office to a premier location in the Camelback Corridor’s newest office project.  Stifel, Nicolaus & Company, Incorporated (“Stifel”) is a full-service wealth management and investment banking firm established in 1890. It is the primary broker-dealer subsidiary of Stifel Financial Corp., a diversified financial services holding company that conducts its business through several wholly-owned subsidiaries.

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Scottsdale North Marketplace sells for $16M

by 8:17am
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A prominent north Scottsdale retail center has new ownership as a result of a $16 million sale that closed last week. Scottsdale North Marketplace, a 68,522-square-foot retail center located at Scottsdale Road and Lone Mountain Road, was purchased by a joint venture between Holualoa Companies and Epic Real Estate Partners in a $16 million transaction.

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Construction to Begin on New Creighton University Health Sciences Campus at Park Central

by 8:07am
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PHOENIX, ARIZ. – It’s about to get busy at Park Central in midtown Phoenix, as construction of Creighton University’s nearly $100 million health sciences campus gets underway on July 8.Plaza Companies is the developer, and Okland Construction will be the general contractor for the first phase of the Creighton University building. Butler Design Group will serve as the architect, and the conceptual and tenant design and improvement architect is RDG Planning & Design….

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Phoenix’s first mall, Park Central in Midtown, finally gets much-needed new look and life

by 10:27am
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Midtown Phoenix is no longer a canyon of far-from-full office towers built more than three decades ago.

The area that businesses moved away from in the late 1990s is now drawing start-ups and big companies that want to be near light rail, new restaurants, apartments, redeveloped buildings and revived historic neighborhoods.

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AC Hotel opens second Valley property; this time in upscale Biltmore area

by 11:37am
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A new AC Hotels by Marriott has opened in Phoenix’s upscale Biltmore area, and it looks to cater to both business and leisure travelers.

The 160-room AC Hotel Phoenix Biltmore is part of the Marriott International (Nasdaq: MAR) brand that has heavy European influences. The property, at 2811 E. Camelback Road, had a soft opening in October and held a grand opening event on Nov. 8.

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Ownership Group Completes Purchase of Additional 21 Acres, 193,000 SF at Park Central to Consolidate Property; Announces Ambitious Phase II

by 11:54am
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Ownership Group Completes Purchase of Additional 21 Acres, 193,000 SF at Park Central to Consolidate Property; Announces Ambitious Phase II

October 10, 2018 (posted date)

Tags: Park Central Mall, Holualoa Companies

 

$28 Million Transaction Closes Wednesday; Plans Underway for Major New Residential Project Along With Creighton Health Campus, Expanded Office/Retail Redevelopment

The ownership group that is redeveloping the Park Central Mall property has purchased an additional 21 acres of property and an additional 193,000-square-foot building, consolidating ownership of Park Central for the first time in decades.

And, as part of the purchase, Tucson’s Holualoa Companies and Peoria-based Plaza Companies announced plans for an ambitious Phase II for the redevelopment, which will include a new nine-story residential complex to go along with a new Creighton University health sciences building.

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