Derek L. Sorenson

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Derek L. Sorenson Derek L. Sorenson Partner Derek Sorenson is a business lawyer specializing in commercial real estate law, mining law, and project finance. His transactional practice emphasizes representation of owners and operators of commercial real estate in negotiation of acquisition, development, entitlement, leasing, financing, and joint venture agreements. Mr. Sorenson also advises mining companies in connection with acquisition, development, operation, and financing of facilities throughout the Midwest and Southwest. Recent representative projects in the fields of commercial real estate development and project finance include representation of the developers of the following: • Regional Shopping Centers SanTan Village (Gilbert, Arizona) Scottsdale Fashion Square (Scottsdale, Arizona) Flagstaff Mall (Flagstaff, Arizona) Chandler Fashion Center (Chandler, Arizona) • Mixed Use Projects [email protected] Prasada (Surprise, Arizona) Chauncey Ranch (Phoenix, Arizona) Phoenix Office Sonoran Crossing (Phoenix, Arizona) Tel: (602) 229-5320 Scottsdale/101 Center (Phoenix, Arizona) Fax: (602) 420-5130 Estrella Falls (Goodyear, Arizona) The Borgata (Scottsdale, Arizona) • Specialty Centers The Yard (Phoenix, Arizona) Farmer Arts (Tempe, Arizona) • Resorts/Hotels J.W. Marriott Desert Ridge Resort & Spa (Phoenix, Arizona) Courtyard by Marriott – Downtown San Francisco (San Francisco, California) • Office Development Liberty Center (Tempe, Arizona) ASU Research Park (Tempe, Arizona) Legal Services • Real Estate o Acquisitions and Dispositions o Real Estate Development • Business Law o Privately Held Businesses Education and Honors • University of Minnesota Law School (J.D., cum laude, 1985) • Colgate University (B.A., magna cum laude, 1982) o Phi Beta Kappa Bar Admissions • Arizona Professional and Civic Activities • Arizona State Bar Association (Member) • American Bar Association (Member) • Valley Partnership (Board Member) Professional Recognition • Selected for inclusion in the 2007–present Southwest Super Lawyers® lists (Real Estate) • Listed in The Best Lawyers in America® (2006–present: Real Estate Law) • Listed in Chambers USA® (2004–present: Real Estate) .
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    INDUSTRY UPDATE Biweekly Period Ending June 1, 2002 Phoenix Metro Area 20-screen Harkins Theater, plus as-yet-to- be-named sporting-goods, electronics, and Trade furniture stores. An icon in Valley and Arizona mall devel- RMB Enterprises plans to open about a opment was sold for nearly $1.5 billion in dozen Seattle’s Best Coffee locations in the late May. Macerich Co. of Santa Monica, Valley within the next year-and-a-half. A bit- Calif., purchased Westcor Realty, developer ter (not taste wise) rival of Starbucks, also and owner of eight malls throughout the state based in Seattle, the chain already has one (including recently opened Gateway Mall in store at the Chandler Fashion Center in Chan- Prescott and Chandler Fashion Center) and dler and will shortly open stores in Ahwa- dozens of Phoenix-area shopping centers. tukee, Mesa, and Gilbert. If coffee isn’t Westcor was formed more than three decades your cup of tea, the stores will also feature a ago by three local real estate developers who wide variety of pastries. have been able to create unique and highly Another hot, rather “cold” franchise, is Scotts- profitable properties that enjoy average-sales- per-square-foot rates much higher than the dale-based Cold Stone Creamery, which is national average. Macerich is one of the 10 eating its way into the hearts of customers largest owners of malls in the country. across the country. Now 250 franchise stores strong and projected to grow to 1,000 In related news, Westcor-owned Superstition stores by 2004, the 14-year-old chain’s 65 Springs Mall in east Mesa will undergo a administrative employees are currently $2.7 million make over and other searching for larger quarters than their changes, while Home Depot will open its current home at Scottsdale Airpark.
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  • Phoenix, PHOENIX Obviously, Is Blessed in the Sunshine Department
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