The Best of Aviano – Sold in 30 Days

The Holm Group sold this listing in less than 30 days.  If you are looking to buy or sell a home in Aviano call The Holm Group today at 480-767-2738 or 480-206-4265



The Best of Aviano – Desert Ridge

3731 E Maffeo Rd.
Phoenix, AZ 85050

MLS #4050758

• 5 Bedrooms • 3.5 Baths • 4,640 sq. ft.

Toll Brothers Terraza Model 5 Bedrooms plus Den and Bonus Room. With Over 4,600 SF, this home is the Best Value in Avian. The Entertainer Resort-Like Setting includes Sparkling Pool & Spa, Custom BBQ/Bar Area and Gas Firepit. Luxurious Master Suite & Bath includes Granite Countertops, Jetted Tub and built-in Closet Organizers. Priced under appraisal (10-13-2008), this is a must-see home!


• Upgraded Carpeting and tile
• Gas Fireplace in Living Room
• Formal Dining with Accent Columns
• Charming Bay Windows and Soaring Ceilings
• Gourmet Kitchen with Stainless Appliances
• 42″ Cabinets
• Granite Countertops
• Double Oven w/Convection
• 5-Burner Gas Cooktop
• Wet Bar w/Wine Refrig
• Upstairs Bonus Room
• Security System
• 3 Car Garage
• Walk to Community Clubhouse and Park
• North-South exposure

For More Information, Contact:
Andrew Holm

Kierland Heritage #165 – Priced to sell at $499k

Kierland Heritage #165 – Priced at only $499k

Kierland Heritage is the finest townhouse development in Kierland and this stunning 2,253 sq ft townhouse is the largest floor plan.


If you are looking for other properties in Kierland click here:  Kierland Homes

If you are interested in this Kierland Heritage listing call The Holm Group today at 480-206-4265.



Sonoran Hills – Scottsdale Arizona

The Best of Sonoran Hills

7693 E Via Del Sol Dr.
Scottsdale, AZ 85255

Offered at $525,000
MLS #4064050

3 Bedrooms + Den • 2.75 Baths • 2540 sq. ft.

This home sits on the largest corner lot in the subdivision and is perfect for entertaining. Features Include: new Pebble Sheen pool, large patio, fruit trees, built-in BBQ with bar sitting area, and grassy play area. Professionally repainted inside and out. Spacious floorplan has formal dining, kitchen open to split family room, den with bathroom downstairs. Upstairs master suite has a balcony and that takes advantage of mountain and city light views. New flooring installed throughout out home in ‘07. Remodeled kitchen with granite countertops and upgraded appliances in ‘07.

For More Information, Contact:
Andrew Holm

An independently owned and operated member of The Prudential Real Estate Affiliates, Inc.
This information, including >
and other stated dimensions are estimated.  Information not independently verified by Broker.

AZ Republic – CityNorth debuting first phase Thursday

by Peter Corbett – Nov. 12, 2008 05:07 PM
The Arizona Republic

Shoppers will get their first look this weekend at CityNorth, one of the Northeast Valley’s first big mixed-use projects to open since Kierland Commons arrived in 2000.

It will eventually dwarf Kierland, but CityNorth’s initial phase of 70 acres has about half as many shops and restaurants.

Condominiums, apartments and offices will fill the top two floors above the retailers in nine 3-story buildings along what is called High Street A quarter-mile stretch of High Street, which will open Thursday, is like a linear slice of Kierland with an overlap of seven retailers.

CityNorth on 144 acres at 56th Street and Loop 101 is set to bulk up in two years when it adds three department stores – Nordstrom, Bloomingdale’s and Macy’s.

Developed by Related Urban and the Thomas J. Klutznick Co., City North enters the market while Valley retail vacancies are climbing and many retailers are facing a gloomy holiday shopping season.

But the developers appear to be taking the economic conditions in stride.

As the new kid on the block, CityNorth should get more than its share of holiday shoppers looking for somewhere new to spend their dollars, said Najla Kayyem, Related Urban marketing vice president.

High Street will feature 46 retailers, with about 30 open this weekend and the others opening early next year, she said.

Phoenix City Councilwoman Peggy Neely said that there is pent-up demand in the Desert Ridge area for upscale shopping and dining.

And like Scottsdale Fashion Square, CityNorth will draw shoppers from both Scottsdale and Phoenix, she said.

New shops for Scottsdale

CityNorth is about 15 minutes from upscale Scottsdale neighborhoods, including Grayhawk, McDowell Mountain Ranch and DC Ranch. That proximity is likely to draw away shoppers from Fashion Square and Kierland.

CityNorth’s retailers will include Ann Taylor Loft, Bebe, Chico’s, Coldwater Creek, Guess, Talbots and White House/Black Market, which all have Kierland stores.

Among the initial dining options are Ocean Prime and Kona Grill at opposite ends of High Street.

Kona is a popular Fashion Square night spot and Ocean Prime is an upscale seafood and steak concept similar to Ocean Club at Kierland.

It is the fourth Ocean Prime from Columbus, Ohio-based Cameron Mitchell Restaurants.

Tony McMahon, Ocean Prime manager, said the restaurant will have music every night in its piano lounge.

“We’ve added some modern touches to the traditional supper club,” he said. “We like to say that this is the Rat Pack meets Sex and the City.”

Entrees are $25 to $40 and the average dinner bill for a couple will be $140 to $180, McMahon said.

“It is a challenging time economically, but we feel the clientele we are appealing to still want to go out and have a good time,” he said.

Still to come at CityNorth are Blue Martini, the Il Fornaio Italian restaurant and bakery and 25 Degrees, a flashy hamburger joint that made its debut two years ago in Hollywood’s Roosevelt Hotel. It is described as a “bordello meets burger bar.”

The name 25 Degrees refers to the difference in temperature between a medium rare and well-done hamburger.

High Street includes condos

CityNorth’s residential component includes 30 condominiums and 69 apartments ranging in size from 750 to 1,850 square feet.

Rent averages about $2.08 per square foot while condo prices range from $400,000 to $1.1 million, and a two-bedroom condo is $637,000, said Kayyem of Related Urban.

Apartment, condo and office suite models are open at CityNorth.

CityNorth’s first phase has about 2,000 parking spaces, including 1,400 in a parking garage on the south side of High Street.

Phoenix granted the developers a $99 million tax rebate for a parking garage that will be built in the project’s second phase, said Councilwoman Neely.

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AZ Republic – SOme home buyers could pay higher impact fees

The cost of building a home in undeveloped parts of Phoenix may soon go up – and the cost could be passed along to home buyers.

Phoenix has convened a panel to advise the City Council on a staff proposal to increase impact fees, a series of charges the city makes to home builders for such items as roads, sewer hookups, parks and libraries.

The staff proposal calls for some fees in northeast Phoenix to be raised by nearly 400 percent, a consequence of soaring construction costs and the fact that the fees have not been adjusted in several years.

The city uses the fees to pay for new roads and libraries and to hook up new developments to the city’s water and sewer systems. Only projects in areas that have yet to be developed are charged the fees.

Desert View is the name planners have given to a swath of northeast Phoenix that includes most of the city northeast of Loop 101 and Interstate 17. The impact fee for streets in Desert View could rise from $2,176 per dwelling unit to $10,818. The per unit fee for parks would also rise, to $4,145 from $2,910.

In past years, developers have pressured the council to delay increases to the fees, saying they would discourage development of new homes. Those delays have led to this year’s proposals.

“Had the fees gone up then, we wouldn’t be looking at so much of an astronomical increase this year,” said Tim Tilton, a principal planner for Phoenix.

Exponential increases in the cost of concrete and asphalt also contributed to the increases, particularly on the streets fee, Tilton said.

Sometimes developers choose to build items like roads, parks and libraries themselves, hoping they can do it more cheaply than the cities. In those cases, the developers’ costs are removed from the impact fees.

No matter how they do it, though, home buyers still pay in the end.

Phil Richards, a member of the impact-fee advisory committee, said developers have expressed some support for the higher fees.

“There’s a spirit of cooperation,” Richards said.

Councilman Greg Stanton said increasing the fees is essential to ensure that Phoenix recoups its costs on capital projects on the outskirts of town.

“Central Phoenix residents shouldn’t subsidize development on the outside of town,” he said. “It’s critical that growth pay for itself.”

The committee’s recommendations are due to the council Nov. 28. The council is expected to act early next year.

AZ Republic – Scottsdale home sells for $4.2M

Nov. 11, 2008 06:41 PM

The daughter of the former chairman of the Joseph Schlitz Brewing Co. is among the buyers and sellers of this week’s priciest home sales.


Charles R. Calteux, as trustee of the Elena Uihlein Crim Trust, paid cash for a five-bedroom, five-bath, 5,552-square-foot home with pool originally built in 1985 north of the Pinnacle Peak Country Club in Scottsdale. The horse >


M16 LLC, a New Mexico limited liability company, paid cash for a four-bedroom, 4 ½-bath, 5,710 square-foot home originally built in 2001 with pool and a $325,000 Desert Mountain golf membership in Scottsdale. It includes a two-bedroom guest house. The home was sold by Carrol T. Hyde as trustee of the Hyde Living Trust.


James L. Henderson and his wife, Kathleen, purchased a new five bedroom, 4½ bath, 5,906-square-foot home with negative- edge pool, spa and a $325,000 Desert Mountain golf membership in Scottsdale. The interior features beamed ceilings. The home was sold by JPS Development LLC of Scottsdale, whose managing member is Joe Storey.


Frederick and Janelle Stewart, of Tomah, Wis., bought a seven-bedroom, 7 1/2-bath, 6,650 square-foot home with pool originally built in 1999 in Scottsdale. The backyard includes a swim-up bar. The guest residence is about 1,150 square feet and offers two bedrooms and baths. The home was sold by Mark and Monica Monson.


David and Karen Raskas paid cash for a four-bedroom, five-bath, 5,643-square-foot home with pool and spa built this year in Scottsdale. Dr. David Raskas is an orthopedic spine surgeon in St. Louis. The home was sold by Andrew T. Rich, as trustee of the J & J Real Estate Trust.

Researched by John McLean and the Information Market.

AZ Republic – Federal Gov’t launches new mortgage effort

WASHINGTON — The government and the mortgage industry are launching the most sweeping effort yet to help troubled homeowners by speeding up the process for renegotiating hundreds of thousands of delinquent loans held by Fannie Mae and Freddie Mac.

The Federal Housing Finance Agency, which seized control of the two mortgage finance companies in September, announced the plan Tuesday along with other government and industry officials, including Hope Now, an alliance of mortgage companies organized by the Bush administration last year.

“Foreclosures hurt families, their neighbors, whole communities and the overall housing market,” said James Lockhart, the housing finance agency’s director. “We need to stop this downward spiral.”

The plan could have tremendous importance because Fannie Mae and Freddie Mac own or guarantee nearly 31 million U.S. mortgages, or nearly six of every 10 outstanding. Still, government officials did not have an estimate of how many people would qualify for the new program.

Officials hope the new approach, which goes into effect Dec. 15., will become a model for loan servicing companies, which collect mortgage companies and distribute them to investors. These companies have been roundly criticized for being slow to respond to a surge in defaults.

To qualify, borrowers would have to be at least three months behind on their home loans, and would need to owe 90 percent or more than the home is currently worth. Investors who do not occupy their homes would be excluded, as would borrowers who have filed for bankruptcy.

Borrowers would get help in several ways: The interest rate would be reduced so that borrowers would not pay more than 38 percent of their income on housing expenses. Another option is for loans to be extended from 30 years to 40 years, and for some of the principal amount to be deferred interest-free.

While lenders have beefed up their efforts to aid borrowers over the past year, their earlier efforts have not kept up with the worst housing recession in decades.

More than 4 million American homeowners, or 9 percent of borrowers with a mortgage were either behind on their payments or in foreclosure at the end of June, according to the most recent data from the Mortgage Bankers Association.

Indeed, Tuesday’s announcement comes too late for Troy Courtney, a 44-year-old San Francisco police officer.

He moved out of his home in Mill Valley, Calif., at the start of this month — taking his children, three dogs and one cat with him — after failing at several to attempts to get a loan modification or a short sale — where the lender agrees to receive less than the loan is worth.

Courtney worked overtime and tapped into his retirement account to try to catch up with two loans on his home. But in the end he couldn’t convince Countrywide Financial, which managed the loan for Wells Fargo, to modify the loan.

“I feel like I missed the boat,” he said of the new efforts to help more homeowners. “I’m just mad at the whole system.”

One reason the problem has been so tough to solve for borrowers like Courtney is that the vast majority of troubled loans were packaged into complicated investments that have proven extremely difficult to unwind.

Deutsche Bank estimates more than 80 percent of the $1.8 trillion in outstanding troubled loans have been packaged and sold in slices to investors around the world.

The remaining 20 percent are “whole loans,” which are easier to modify because they have only one owner.

Nevertheless, Tuesday’s announcement coupled with recent and more aggressive strategies from the major retail banks are important steps to fix the housing crisis. After more than a year of slow and weak initiatives, there appears to be a serious effort to get at the heart of the credit crisis: falling U.S. home prices and record foreclosures.

Citigroup announced late Monday it is halting foreclosures for borrowers who live in their own homes, have decent incomes and stand a good chance of making lowered mortgage payments. The New York-based banking giant also said it is also working to expand the program to include mortgages for which the bank collects payments but does not own.

Additionally, over the next six months, Citi plans to reach out to 500,000 homeowners who are not currently behind on their mortgage payments, but who are on the verge of falling behind. This represents about one-third of all the mortgages that Citigroup owns, the bank said.

Citi plans to devote a team of 600 salespeople to assist the targeted borrowers by adjusting their rates, reducing principal or increasing the term of the loan.

Late last month, JPMorgan Chase & Co expanded its mortgage modification program to an estimated $70 billion in loans, which could aid as many as 400,000 customers. The New York-based bank has already modified about $40 billion in mortgages, helping 250,000 customers since early 2007.

Bank of America, meanwhile, has said that starting Dec. 1, it will modify an estimated 400,000 loans held by newly acquired Countrywide Financial Corp. as part of an $8.4 billion legal settlement reached with 11 states in early October.

AZ Republic – Fountain Hills Fesival of Arts and Crafts

Cave Creek artist Lee Brotherton turns vintage western collectible boots into elegant purses. She and her husband Rob Koch secure the boots from auctions and antique stores. Koch removes the shoe part and cleans, cuts, dyes and stitches the leather shaft and turns it into a bag that Brotherton decorates with braids and tassels. They also turn children’s boots into bags for cell phones.

“We’re capturing a part of the west and bringing it back to life again,” Brotherton said.

The Boot Hill Bags, as they are called, are not available in stores. But they will be for sale at the Fountain Festival of Arts and Crafts from Friday to Sunday in Fountain Hills.

Brotherton’s work is among the one-of-a-kind art and crafts that 500 artisans will display and sell along the town’s main thoroughfare, Avenue of the Fountains.

This year, besides the national participants, the artists come from Israel, England, France, Belgium, El Salvador and other countries.

Among them are also Sedona-based Robert Shields, known for his acrylic paintings and metal work as well as his mime performances; and Robert Trisko, the jewelry sculptor from Minnesota who attracts a large following.

The art is juried. More than a thousand artists apply to attend and only a half is admitted. Even repeating artists go through the jury procedure each time. The 18 mediums range from paintings and sculpture to fused glass designs, jewelry and textiles and everything in between.

The festival, in its 34th year, attracts about 200,000 people and is the largest put on by the town’s Chamber of Commerce. Several hundred volunteers enlist.

Long-time organizer Sharon Morgan said it was special because of its “uniqueness, new ideas, quality of art and presentation.”

The booths, in six rows, are contained in one area rather than spread out. Even so, to browse them all, expect to stroll nearly two miles.

Serious and speculative collectors search for something that takes their fancy. But most visitors come to buy gifts for the holiday season. The items, ranging from $5 to $50,000, are priced for both wallets.

Some also come for the music. This year’s performers are the Native American band Brule and the mellow, Mediterranean musicians The Sahnas Brothers, who play from two entertainment stages.

There’s also cuisine of various types to indulge.

Visitors come from near and far.

“I get calls from people from back East: “I’m making my plane reservations, what’s the date of the show in 2009?” is a question Morgan fields these days


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AZ Republic – Ritz wants to cut the number of patio homes

The developer of the Ritz-Carlton, Paradise Valley Resort project has asked the town to allow it to reduce the number of its multimillion-dollar resort patio homes from 100 to 88.

Five Star Development Resort Communities LLC filed Oct. 28 for permission to change its special-use permit, said Molly Hood, Paradise Valley’s senior planner.A special-use permit regulates how a project is developed.

Five Star is asking for the decrease to provide additional space for emergency vehicles to maneuver through the patio home neighborhoods, Hood said.

“This proposed reduction is the result of refinements to the site plan as well as response to fire department requirements for emergency vehicle access,” according to Five Star’s application.

The change would reduce the project’s overall density and increase safety, the application states.

“Yes, we submitted for a minor amendment with the town of Paradise Valley,” said Jerry Ayoub, Scottsdale-based Five Star’s president and chief executive officer.

“We are looking to reduce the number of individual villas from 100 to 88, due to market demand. The total amount of residential square footage on the site is the same, there are just less villas,” he added.

The patio homes feature two- and three-bedroom floor plans ranging from 2,200 to 3,000 square feet. They will be priced starting in the low $2 millions.The number of patio homes and their density were the focus of Tuesday’s Proposition 411 election.

Paradise Valley voters overwhelmingly approved the ballot measure, paving the way for construction of the resort-residential project.

The citizens group Preserve Our Paradise collected more than 800 signatures to get the measure on the ballot, arguing that the residences, particularly the patio homes, constituted high density.

In addition to a 225-room resort hotel, the current special-use permit calls for a total of 161 homes, including the 100 patio homes or villas housed two to a building.

The current plan calls for 60 villas north and east of the resort hotel and 40 southeast of it.

Five Star’s request would reduce that number to 52 northeast of the resort and 36 southeast of it. It would mean six fewer buildings overall.

The request is for a minor amendment, which means only the Paradise Valley Planning Commission must approve what essentially amounts to an administrative change.

A major amendment would require approval from both the commission and the Paradise Valley Town Council and would be subject to possible referendum.

The Planning Commission will study the request at 6 p.m. Nov. 18 at Paradise Valley Town Hall, 6401 E. Lincoln Drive.

A public hearing and potential vote could be held as early as Dec. 2.


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AZ Republic – PV welcomes Montelucia Resort

PARADISE VALLEY – Thursday’s debut of the InterContinental Montelucia Resort and Spa had all the grand-opening basics – a red carpet, a parade of speakers and a ribbon cutting complete with large scissors.

But there also were twists and turns, literally, as a bevy of belly dancers, some eating fire, shook and shimmied as they welcomed guests and visitors to an exotic world tucked into Paradise Valley.

The 293-room resort at 4949 E. Lincoln Drive was built on the 34-acre site of the former La Posada Resort. Montelucia received its first guests Tuesday.

Montelucia is InterContinental’s first resort in the United States and was built by California-based Crown Realty and Development Corp. Valeriano Antonioli is the resort’s managing director. InterContinental has more than 150 resorts worldwide.

Robert Flaxman, Crown Realty president, incorporated the architecture and lifestyle of the Andalusia region of Spain and its historic influences from Roman, Greek and Moorish occupation into the resort’s design.

He told those gathered Thursday that when he came to Paradise Valley in November 2003 and saw the >

“I truly believe that this >

“We created it for love and for joy and for happiness, for people to come together and enjoy the moments of their lives and to spend lavishly in the process,” he said.

State and local officials lauded the resort.

“This >

Paradise Valley Mayor Vernon Parker wished the resort success and encouraged it to generate income. The town collects bed and sales taxes from its hospitality properties.

“This is a beautiful >

He and Jaime Sohacheski, Crown Realty chairman of the board, cut the gold ribbon.

Afterward, fitness and dance instructor and professional belly dancer Myryka Nunya performed to the live music of Incendio as a red curtain dropped and red-and-yellow balloons were released into the air, inviting those assembled into the courtyard.

Montelucia includes 253 guest rooms and 40 suites, including two presidential suites, 34 detached single-family villas, six restaurants and venues, a private wedding chapel, a 31,000-square-foot destination spa and salon, five pools, and more than 27,000 square feet of meeting and event space.


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