PHOENIX—Kurt W. Rosene, formerly senior vicepresident of The Alter Group, has transitioned tohis new role as head of NOVO Development, LLC,headquartered in Scottsdale. Although leaving as a full-timeemployee of The Alter Group, Rosene will continue to assist TheAlter Group's western region developments, including its signaturePhoenix development, Riverwalk Arizona, a 176-acre mixed-usebusiness park in Scottsdale. Michael J.Alter, president of The Alter Group, made theannouncement.

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“We are excited for Kurt who spent 24 years with our company,”says Alter. “During this period, he established himself as one ofthe nation's premier development experts with an extraordinary mixof transactional acumen and the ability to shepherd large, complexmixed-use developments across multiple business cycles.”

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

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The Alter Group projects in Phoenix includeRiverwalk Arizona, a 176-acre mixed-use development in Scottsdale,AZ; Corridors – Phoenix, an 80-acre business park in Phoenix; andthe Arizona Health & Technology Park, a 50-acre medical officeand biomedical research park in Mesa.

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Riverwalk Arizona received national attention because of itsdistinction as one of the country's largest developments on NativeAmerican land. Riverwalk Arizona, which will yield anestimated 1,500,000 square feet of corporate office and retailspace, and create up to 15,000 new jobs, is set on prime land ownedby the Salt River Pima-Maricopa Community, home to the Pima andMaricopa Indians, descendants of the ancient HohokamIndians.

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