Scottsdale – Woodbury Corp. in Salt Lake City, Utah (O. Randall Woodbury, pres.) paid $31 million ($191.05 per foot) to acquire a 162,259-square-foot shopping center at the northwest corner of Scottsdale and Thunderbird roads in Scottsdale. The seller was Holualoa Scottsdale Retail LLC, a company formed by Holualoa Arizona Inc. in Tucson (Mike Kasser, principal).
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 28th 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.