Alter Group announces Kurt Rosene to create new firm

Kurt W. Rosene, formerly senior vice president of The Alter Group, has transitioned to his new role as head of NOVO Development, LLC, headquartered in Scottsdale.

Kurt W. Rosene

Kurt W. Rosene

Although leaving as a full-time employee of The Alter Group, Mr. Rosene will continue to assist The Alter Group’s western region developments, including its signature Phoenix development, Riverwalk Arizona, a 176-acre mixed-use business park in Scottsdale.

Michael J. Alter, president of The Alter Group, made the announcement.

“We are excited for Kurt who spent 24 years with our company,” said Mr. Alter. “During this period, he established himself as one of the nation’s premier development experts with an extraordinary mix of transactional acumen and the ability to shepherd large, complex mixed-use developments across multiple business cycles.”

“I have had an incredible experience with The Alter Group,” said Mr. Rosene. “Although the timing is right to move on to my own company, I look forward to contining to assist The Alter Group with many of their developments here in the Valley and I look forward to continuing our strong working relationship.”

The Alter Group projects in Phoenix include Riverwalk Arizona; Corridors – Phoenix, an 80-acre business park in Phoenix; and the Arizona Health & Technology Park, a 50-acre medical office and biomedical research park in Mesa.

Riverwalk Arizona received national attention in publications such as the New York Times and the Wall Street Journal because of its distinction as one of the country’s largest developments on Native American land.

Riverwalk Arizona, which will yield an estimated 1,500,000 square feet of corporate office and retail space, and create up to 15,000 new jobs, is set on prime land owned by the Salt River Pima-Maricopa Community, home to the Pima and Maricopa Indians, descendants of the ancient Hohokam Indians.

The Alter Group is a national corporate real estate development firm with five vertically integrated affiliate companies.  The firm, founded by William A. Alter in 1955, has developed close to 100,000,000 square feet of speculative projects for its own portfolio and build-to-suit facilities for corporate users.

This year, the company has 2,500,000 square feet of space permitted and ready for development in markets across the nation.  The firm was named the NAIOP National Developer of the Year in 2010.

The Scottsdale Independent is published monthly and mailed to 75,000 homes and businesses in Scottsdale.

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