Estimated Cost:  $12,000,000

Estimated Value:  $19,000,000

This fully improved 37.3 acre site, bisected by 94th Avenue on the north side of Buckeye Road, was acquired in May of 2007. The rear 10.5 acres is being sold while the front 27 acres will be developed as multi tenant industrial buildings. This 420,000 SF project will be developed in two equal phases.

Office

Date Land Acquired:  December 2005

Status:  Planning

A 39 acre office park within the prestigious DC Ranch Master Planned community. The one and two story buildings range in size from 12,500 SF to 150,000 SF and are to be built to suit for owner/users on individual lots of 1 to 11 acres. The project offers freeway visibility and is located close to numerous restaurants, shopping, and other amenities.

Date Land Acquired:  October 2006

Status:  Planning

This development will feature 60,000 SF of office space and 84,500 SF of flex industrial space and will be of high quality steel and concrete construction. Located in the dynamic Chandler Airport area, the project will benefit from the ample amenities offered by over 2 million SF of new retail development.

Date Acquired:  October 2006

Acquisition Price:  $10,400,000

A 108,000 SF call center acquired after being vacated by a bank. The building is in good condition with a recently replaced HVAC system. It features a 6/1,000 SF parking ratio and is at a major intersection adjacent to several retail properties offering excellent amenities.

Office/Retail

Date Acquired:  December 2007

Status:  Planning

A 12.66 acre land parcel located in North Scottsdale on Dove Valley Road. It is adjacent to a Target anchored center and is  the last remaining undeveloped office/retail zoned land in this area. A mixed use development of 112,000 SF is planned, featuring a boutique hotel, restaurant, specialty retail shops, and office condominiums.

96,000 SF

Date Acquired:  December 2007

Acquisition Price:  $10,000,000

This high quality one and two story concrete tilt panel office building was purchased from Pearson Learning systems which had recently vacated the facility. It is very well located off US 60 and is just east of the Fiesta Regional Mall and many other retail amenities. Few improvements are needed for this exceptional facility. It is currently parked at 3.2/1,000 SF and there is potential to add a parking structure that would increase the ratio to 5/1,000 SF.

70,754 SF

Date Acquired:  July 2007

Acquisition Price:  $5,002,000

This facility was purchased from Alaska Airlines which utilized it as a reservations call center. The property will be remodeled with a new skin, rest rooms, HVAC system and roof, and will be in a nearly lease ready state. The site provides excellent parking with a 7.8/1,000 SF parking ratio and close proximity to abundant employment bases. It will be marketed to back office tenants and other high parking requirement tenants.

Date Acquired:  November 2007

Acquisition Price:  $2,000,000

A former check processing center for Chase Bank that was purchased in vacant condition. The building features a 24,000 SF raised computer floor area, ample power with dual feeds and excess HVAC capacity. The building was stripped of its copper components and was purchased for a deep discount. Property renovations will be made, the mechanical systems will be restored and the property will be brought to market.

Date Land Acquired: November 2006

Status: Planning

This premier site was acquired  in November, 2006 for development of 90,000 SF of office condominiums for sale or lease, 12,000 SF of retail for lease, and a 70,000 SF retail land pad.

Showroom/Industrial

Date Acquired:  November 2007

Acquisition Price:  $5,900,000

This 37,000 SF facility was acquired in November of 2007. The building is exceptionally well located in the Scottsdale Airpark area, with frontage on the Greenway-Hayden Loop. The building is 100% leased to two tenants until 2010. It is constructed of split block with ample storefront glass.

Date Land Acquired:  January 2008

Status:  Planning

This 3.5 acre land parcel was acquired at a discounted price. A medical office building is planned for the site.

Date Acquired:  December 2000

Acquisition Price:  $11,500,000

Estimated Value:  $40,000,000

This is the finest business service center in Riverside, California. It is a multi-tenant incubator industrial property accommodating tenants from 1,000-23,000  SF which has historically maintained full occupancy due to its excellent location, well maintained buildings, manicured landscaping, mature foliage and attractive common areas. There have been multiple recent offers to purchase the property that have been in excess of $40 million.

310 Units

Residential Condominiums

Date Acquired:  May 2006

Acquisition Price:  $19,000,000

Date Sold:  For Sale

650,000 SF

Date Land Acquired:  April 2005

Status:  Planning

This 90,000 SF downtown block will be developed in joint venture with Golub Partners as a mixed use development of two towers and will include office, hotel and residential. It will be certified LEED Silver and is being designed by Goettsch architects.