Thomas O’Leary of the Russ Lyon Sotheby’s International Realty Camelback Tower office sold a $5,600,000 Paradise Valley custom estate.
The 10,444 square foot home features 5 bedrooms, 9 bathrooms and a timeless design with an expansive, open, split floor plan. A private theatre, gym, putting greens, motor court and 1,000 guest house all accompany the home. Additional features include pillowed limestone and walnut flooring throughout.
Russ Lyon Sotheby’s International Realty Names Cathy Green Managing Broker in Southeast Valley
Green brings more than 20 years real estate and management experience to vibrant and thriving Southeast Valley markets.
We are pleased to announce Cathy Green has been named Managing Broker for the Southeast Valley office.
Cathy Green has more than 20 years of experience in real estate, real estate management and the Southeast Valley. She joins Russ Lyon Sotheby’s International Realty after serving as a general manager and vice president for a local Century 21 affiliate.
Russ Lyon Sotheby’s International Realty’s Southeast Valley office in Gilbert has 27 agents and serves one of the best performing housing markets in the Western United States. The Southeast Valley office serves the vibrant communities of Chandler, Tempe, Gilbert, Ahwatukee and Mesa.
“I am honored to join a best in class culture and company like Russ Lyon Sotheby’s International Realty. I am excited to work with our exceptional group of agents and help them thrive and offer exceptional service to home buyers and sellers,” Cathy Green said.
Cathy Green succeeds Managing Broker Sherri Monteith who is now at Russ Lyon Sotheby’s International Realty’s Pinnacle Peak office. Monteith is working closely with new Vice President of Operations Kevin Gonzales, assisting in the development and supervision of agents and enhancing the Client experience in the Pinnacle Peak and DC Ranch Market Street offices.
Monteith has been with Russ Lyon Sotheby’s International Realty for 15 years and has also served as managing broker at the Sedona and Flagstaff offices.
Sotheby’s Shareholders to Receive $57 Per Share in Cash Transaction Valued at $3.7 Billion Acquisition Would Result in Sotheby’s Becoming a Private Company
Sotheby’s (NYSE: BID) today announced that it has signed a definitive merger agreement to be acquired by BidFair USA, an entity wholly owned by media and telecom entrepreneur as well as art collector, Patrick Drahi. Under the terms of the agreement, which was approved by Sotheby’s Board of Directors, shareholders, including employee shareholders, will receive $57.00 in cash per share of Sotheby’s common stock in a transaction with an enterprise value of $3.7 billion. The offer price represents a premium of 61% to Sotheby’s closing price on June 14, 2019, and a 56.3% premium to the company’s 30 trading-day volume weighted average share price. The transaction would result in Sotheby’s returning to private ownership after 31 years as a public company traded on the New York Stock Exchange.
Tad Smith, Sotheby’s CEO, said, “Patrick Drahi is one of the most well-regarded entrepreneurs in the world, and on behalf of everyone at Sotheby’s, I want to welcome him to the family. Known for his commitment to innovation and ingenuity, Patrick founded and leads some of the most successful telecommunications, media and digital companies in the world. He has a long-term view and shares our brand vision for great client service and employing innovation to enhance the value of the company for clients and employees. This acquisition will provide Sotheby’s with the opportunity to accelerate the successful program of growth initiatives of the past several years in a more flexible private environment. It positions us very well for our future and I strongly believe that the company will be in excellent hands for decades to come with Patrick as our owner.”
Domenico De Sole, Chairman of Sotheby’s Board of Directors, said, “Following a comprehensive review, the Board enthusiastically supports Mr. Drahi’s offer, which delivers a significant premium to market for our shareholders. After more than 30 years as a public company, the time is right for Sotheby’s to return to private ownership to continue on a path of growth and success.”
“I am honored that the Board of Sotheby’s has decided to recommend my offer,” commented Patrick Drahi. “Sotheby’s is one of the most elegant and aspirational brands in the world. As a longtime client and lifetime 2 admirer of the company, I am acquiring Sotheby’s together with my family. We thank Domenico and the rest of the Sotheby’s Board for its support and look forward to getting started with Tad and the wonderful members of his team to define our future.”
The closing of the deal is subject to customary conditions, including regulatory clearance and shareholder approvals, but is not subject to the availability of financing. The transaction is expected to close in the fourth quarter of 2019 following shareholder approval.
LionTree Advisors is serving as financial advisor to Sotheby’s in connection with the transaction, and Sullivan & Cromwell LLP is serving as the company’s legal counsel. BNP Paribas and Morgan Stanley are acting as financial advisors to BidFair, BNP Paribas acted as sole financing provider, and Hughes Hubbard & Reed LLP and Ropes & Gray International LLP are serving as its legal advisors.
Sotheby’s International Realty Affiliates LLC today announced its expanding presence in the Middle East with the opening of Qatar Sotheby’s International Realty.
Qatar Sotheby’s International Realty is owned by Alfardan Group, a leading premium lifestyle conglomerate renowned for delivering luxury products and services in Qatar, and is led by General Manager, Seran Gheorghe, who has practiced real estate in the Middle East for the past 13 years. Gheorghe was a top performing associate with Gulf Sotheby’s International Realty for the past six years and worked with Qatari clients to make this opening possible. Qatar Sotheby’s International Realty is located in the capital city of Doha and will serve the luxury residential real estate markets of Lusail, the island of Pearl and West Bay Lagoon. The company will also continue to support Qatari clients in their continuous interest for the best international assets.
“Qatar’s high-income economy and global real estate interest is appealing to the Sotheby’s International Realty® brand,” said Philip White, president and chief executive officer, Sotheby’s International Realty. “Seran and his team have a strong understanding of local and global luxury real estate and we are proud to have them as our affiliate in Qatar.”
“The real estate market in Qatar offers high-quality, luxurious apartments, penthouses and beachfront villas,” said Gheorghe. “From a global perspective, we are seeing interest from buyers in India, China, Europe and the United States. We pride ourselves in offering the highest level of support and advice to our clients before, during and after the transaction. Aligning our company with the Sotheby’s International Realty brand will further provide our clients with unparalleled marketing, global reach and exposure.”
Qatar Sotheby’s International Realty is the second Sotheby’s International Realty-branded company in the Middle East, along with Gulf Sotheby’s International Realty located in Dubai.
After relocating to Arizona several years ago from New York City, Caroline Cancel felt fortunate to have been able to come into an amazing opportunity to pursue her passion for real estate. She has BBA degree in Finance from Pace University, NYC. After 25 years in the Corporate Banking industry, Ms. Cancel completed a Master of Real Estate Development from Arizona State University in 2014. She returned to New York City to volunteer and subsequently work in the non-profit sector for Habitat for Humanity NYC, where she aided in the restoration of communities for families devastated by Hurricane Sandy. Her work brought her back to Arizona, where she served as the Director of Real Estate Development, for Trellis, another non-profit organization that specializes in developing affordable housing in the metro Phoenix area. Ms. Cancel had the privilege of attending and graduating from the Valley Leadership Program, class 40, in 2019 which has strengthened her commitment to continue to develop sustainable, healthy communities.
Caroline’s passion is connecting people to opportunities. She specializes in providing clients with a high level of personalized service in their dream to find the right home. While she will be delighted to find your dream home anywhere in the Valley, Caroline specializes in guiding clients who are searching for their next home experience in a more urban setting, particularly Scottsdale and Central Phoenix. She is well-versed in the market in these areas and currently resides there.
Ms. Cancél looks forward to serving her clients with the utmost integrity, respect, reliability and commitment.
“I am proud to join Russ Lyon Sotheby’s International Realty and look forward to working with the best of the best!” Caroline Cancel said.
“Caroline is an extraordinary addition to our Camelback Tower office,” said Sales Manager, Heather McNamara. “I am thrilled that Caroline has chosen Russ Lyon Sotheby’s International Realty as her brokerage of choice to pursue her Real Estate career. She comes to us with an extremely strong business acumen, and no doubt will be of huge benefit to each of her clients. Welcome, Caroline!”
Brad Kimmelman’s dedication to his clients, ability to provide creative and immediate decisions when dealing with the countless details of the day and a solution based perspective has made him a leader in the Luxury Real Estate arena. Kimmelman takes this role very seriously and approaches every day as an opportunity to provide the type of service that has become a rarity in today’s culture.
His success comes from a history of putting the client first. “When I make you #1, I elevate myself and all those around me. This is paramount to a smooth and expedient transaction,” Kimmelman said.
His experience in managing a busy New York Sotheby’s International Realty office and being a top producing broker, combined with the global reach and exceptional marketing of the Sotheby’s International Realty brand spanning more than 72 countries and territories, makes him a solid choice…should you choose Brad Kimmelman to represent you.
When asked about choosing a local brokerage to join, Kimmelman said, “Picking an office to join in Arizona was a no-brainer for me. Since I have been an ambassador for the Sotheby’s International Realty brand, Russ Lyon Sotheby’s International Realty was the perfect choice to continue my Sotheby’s sales career!”
Russ Lyon Sotheby’s International Realty has gathered realty experts in the field of luxury real estate dedicated to the ideals of integrity and professionalism. Additionally, the seasoned management innovatively supports the efforts of the company’s agents to create a dynamic and inspiring atmosphere that invigorates and hones the skills of everyone involved.
“Brad Kimmelman is an extraordinary addition to our Camelback Tower office,” said Sales Manager, Heather McNamara. “Brad’s advertising and marketing background led to his success as a top producing sales agent and as a manager of one of the most prestigious real estate offices in the Sotheby’s International Realty network. That, mixed with his ability to relate to people and his knowledge of the industry, will lead to his success at Russ Lyon Sotheby’s International Realty.”
Best in Real Estate Awards “BREA” – East Valley Tribune
Best in Real Estate Awards “BREA” – Peoria Times
Hit the Trails – Prescott – The Daily Courier
Kevin Gonzales to Vice President of Operations – LuxuryRealEstate.com
Generational Wealth – Inman
Top 5 Homes of the Week – DuPont Registry
Top Five Phoenix – Top Five
On the move at Sacks Tierney, Isagenix, ACN, M&G, Sotheby’s, Polsinelli – AZ Big Media
Frank Lloyd Wright’s Highest And Lowest Priced Homes On The Market Now – Fox Business
Former Dodger Mark Ellis seeks $8 million for loaded desert mansion – LA Times
Luxury villa being planned next to popular Valley golf course – Phoenix Business Journal
Luxury villas being planned next to popular Valley golf course – Rose Law Group
Luxian Scottsdale will offer Camelback Mountain views – AZ Big Media
Luxian Scottsdale will offer Camelback Mountain views – Blogarama
The Great 48 – Phoenix Magazine
Haute Property Spotlight: Crafted to Perfection – Uptown Magazine
Haute Property Spotlight: Outdoor Oasis – So Scottsdale
Cheryl Anderson of the Russ Lyon Sotheby’s International Realty Camelback Tower listed and sold a gorgeous Paradise Valley home for $4,625,000.
The 6,322 square foot home features 5 bedrooms, 5.5 bathrooms, and is perfectly sited on Mummy Mountain’s south slope. Designed by the talented Mark Candelaria of Candelaria Design and Vallone interiors, additional features include exquisite Gandoff marble, Calcutta marble, Tabarka tile, custom wood flooring, Clyde hardware and Redlands clay brick accents all utilized with timeless imagination to create a refined, sophisticated atmosphere.
We are excited to present Luxian Scottsdale, a new exclusive, boutique enclave at Camelback Mountain. Our real estate advisors, Joanna Wilkins and Christine Arnold are listing the luxury Luxian development. “Luxian Scottsdale features just 14 luxury villas with unparalleled views of Camelback Mountain and The Phoenician Golf Course and scores of high-end finishes,” Joanna Wilkins said. The luxury villas abut to one of the most iconic golf courses in Arizona.
The gated development will have 3 two-bedroom units totaling 2,491 square feet and 11 three-bedroom units with 2,971 square feet. The Scottsdale project, which is located at one of the most iconic locations in the Southwest, already has two reservations. “The enclave is surrounded by the prestigious and recently remodeled Phoenician Golf Course. Villas have impressive, unobstructed views of fairways and Camelback Mountain,” Christine Arnold said.
Pricing for the two-bedroom villas starts at $1,457,000. Three-bedroom villas prices start at $1,738,000. There is a $25,000 lot premium on five of the villa locations. The lot premium price goes up on May 31st, 2019. Luxian Villas on Camelback LLC is building the project. The villas also have plenty of high-end and luxury finishes including Subzero appliances, a Wolf cook top and oven and buyers can customize their cabinets, lighting, flooring and fixtures.
A View Worthy of a Magazine Cover – LuxuryRealEstate.com
Scottsdale Grows Up – Wall Street Journal
Former A’s Star Mark Ellis selling Arizona mansion – The Mercury News
5 Eco-friendly Overhauls for Your Next Renovation – Sotheby’s International Realty
Top 3 Prescott Area Luxury Homes Sold – Signals AZ
Haute Property Spotlight: Conquering Camelback – Uptown Magazine
Dancing With The Stars Arizona – So Scottsdale