By Corina Vanek | Phoenix Business Journal
After making his firm’s first real estate investment in the middle of the Covid-19 pandemic, David Malin is nearing the end of a $1.5 million renovation to the Cave Creek shopping center.
Malin, founder of Scottsdale Development Partners, bought the Shops at Dynamite Creek in Cave Creek for $10.5 million in summer of 2020. At the time, the development was 69% leased. Now, three more tenants have brought the occupancy to 83%.
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