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.

“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.”

“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.”