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Phoenix & Southwest  + Phoenix  + Opportunity Zones  | 

Virtua Launches Glendale Opportunity Zone Development

Scottsdale-based Virtua Partners broke ground on V Townhomes at Manistee Ranch, a new Opportunity Zone development in Glendale. The 5.78-acre infill site is situated at North 53rd Avenue within the Manistee Ranch Community.

Virtua plans to transform the lot into 71 single-family residential rental units, offering entry-level housing options while aligning with Opportunity Zone regulations. Trez Capital’s Dallas office is providing construction financing.

Virtua’s Quinn Palomino says, “We are excited to be able to offer quality workforce housing options for people in the growing West Valley, while providing investors with a unique, tax-advantaged investment opportunity thanks to the Opportunity Zone program. This $20+ million investment into the Manistee Ranch community should enhance values and the quality of life for all the residents.”

The plan calls for several clusters of contemporary-style townhomes, which will enhance the community, and also provide necessary housing for the growing workforce in the Phoenix metropolitan area.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Development