Vestar develops, owns, manages, and acquires open-air retail, entertainment, lifestyle, power, neighborhood, and mixed-use destinations across the western United States. Its shopping centers serve residents, shoppers, retailers, investors, and surrounding communities through convenience, dining, entertainment, and community-oriented, year-round gathering places.
AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.
AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.
AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.
AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.
| Project | Overall | Structure & systems | Management & living |
|---|---|---|---|
| Desert Ridge Marketplace — 2017 redevelopmentDesert Ridge master-planned community, Phoenix | 8.5/ 10 | —/ 10 | 7.7/ 10 Apple Maps 86/100 · 134 reviews · maps.apple.com Apple Maps 90/100 · 136 reviews · maps.apple.com Combined from 2 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 7.7. |
Google's 4.6/5 from 11,803 reviews sets the level and converts to 8.8/10 under the specified curve. Smaller Yelp and Tripadvisor aggregates disagree downward, while recurring but non-severe complaints modestly reduce the result; no published structural evidence supports a structure score. | |||
no notes returned no links returned | Published reviews describe a lively, amenity-rich daily experience: visitors praise “so many restaurants and shops,” free outdoor concerts, pleasant walkways, landscaping and seating. Operational feedback is also positive in one detailed review—“Staff were nice and efficient” and “lots of cleaning”—but the outdoor format has a practical downside: one reviewer said it was hot even with misters, while another called holiday parking “a nightmare.” | ||
| Peninsula Shopping Center redevelopmentSouth Bay, Rolling Hills Estates | 7.9/ 10 | 5.0/ 10 | 8.3/ 10 |
The largest published review base is the 4.4/5 aggregate from 971 reviews, converted to 8.2 under the requested curve. The review evidence is predominantly positive about convenience, seating, cleanliness and atmosphere, but the reported parking-structure incident is a serious physical-asset event and recurring comments mention vacancies and parking friction, producing a modest net reduction. | |||
NBC Los Angeles reported on December 20, 2023 that planters on the third floor fell to ground level after rain saturated their soil, compromising part of the parking structure and blocking its entrance and exit. A structural engineer was called; the mall remained open, with no reported injuries or vehicle damage. This is a serious infrastructure incident, but the source does not establish a continuing defect or later remediation status as of October 11, 2026. | Published customer feedback generally describes a convenient, relaxed destination: one review calls it a "great outdoor shopping center" with good restaurants and services, while another praises the outdoor seating and family-friendly environment. Negative feedback includes "many empty storefronts," parking being "a hassle," and a review describing some staff interactions as transactional rather than engaging. | ||
| Vineyard Towne CenterQueen Creek | 7.5/ 10 | —/ 10 | —/ 10 |
The building-specific aggregate is 4.4/5 from seven reviews, and the two written reviews read were both positive. Because the aggregate has fewer than 10 reviews, the score is kept within one point of 6.5 rather than using the uncapped conversion; no structural score is assigned because no physical-condition evidence was published. | |||
no notes returned no links returned | The available reviews describe a positive everyday visitor experience: one reviewer called it “absolutely one of the best” town centres, while another praised “good places to eat” and the presence of Target and Sprouts. No published review evidence located here reports management, security, staff, cleanliness, maintenance, or other recurring operational problems; this is limited evidence because the aggregate contains only seven reviews. |
SAN DIEGO
LAS VEGAS
SALT LAKE CITY
Verrado Marketplace is owned and developed by Vestar in partnership with DMB Associates.
Haydon Building Corp is the general contractor for the property.
Nelsen Partners and Optimus Civil Design Group providing architectural and engineering services.
Nelsen Partners and Optimus Civil Design Group providing architectural and engineering services.
Vestar ... has been engaged by Nuveen Real Estate to provide property management, strategic leasing oversight, marketing and construction management services for its newly acquired retail portfolio in Southern California.
Arizona State Retirement System and Vestar create a separate account to acquire grocery-anchored centers throughout the western U.S.
Northwestern Mutual and Vestar create a separate account to acquire high quality power centers throughout the western U.S.
Verrado Marketplace is owned and developed by Vestar in partnership with DMB Associates.
Verrado Marketplace is owned and developed by Vestar in partnership with DMB Associates.
Haydon Building Corp is the general contractor for the property.
Haydon Building Corp is the general contractor for the property.
Nelsen Partners and Optimus Civil Design Group providing architectural and engineering services.
Nelsen Partners and Optimus Civil Design Group providing architectural and engineering services.
Nelsen Partners and Optimus Civil Design Group providing architectural and engineering services.
Nelsen Partners and Optimus Civil Design Group providing architectural and engineering services.
Vestar ... has been engaged by Nuveen Real Estate to provide property management, strategic leasing oversight, marketing and construction management services for its newly acquired retail portfolio in Southern California.
Vestar ... has been engaged by Nuveen Real Estate to provide property management, strategic leasing oversight, marketing and construction management services for its newly acquired retail portfolio in Southern California.
Arizona State Retirement System and Vestar create a separate account to acquire grocery-anchored centers throughout the western U.S.
Arizona State Retirement System and Vestar create a separate account to acquire grocery-anchored centers throughout the western U.S.
Northwestern Mutual and Vestar create a separate account to acquire high quality power centers throughout the western U.S.
Northwestern Mutual and Vestar create a separate account to acquire high quality power centers throughout the western U.S.
| REAL ESTATE LICENCE | CO101811000 Arizona Department of Real Estate · US · Active |
| United States | active 5 projects tracked |
| Retail | 5 of 5 |
| Mixed use | 1 of 5 |
| Other | 1 of 5 |
We work years in advance with municipalities on the placement of roadways and other infrastructure to maximize the site.Shopping Center Business 2026-02-09https://shoppingcenterbusiness.com/market-leader/
David is a graduate of Arizona State University.
David Larcher
President and CEO, Vestar
David is a Trustee of the International Council of Shopping Centers (ICSC), a member of the Commercial and Retail Council of the Urban Land Institute, and a member of the Board of Trustees for The Nature Conservancy of Arizona. Additionally, he is on the Board of Governors for the Greater Scottsdale Boys & Girls Club.
Published February 9, 2026.
“We work years in advance with municipalities on the placement of roadways and other infrastructure to maximize the site,” says Larcher.
David Larcher President & CEO
David Larcher is a founding principal, President, and CEO of Vestar. He is responsible for the strategic direction and operating results of the company. David oversees Vestar’s acquisition, development, and operational activities.
David Larcher is a founding principal, President, and CEO of Vestar.
David Larcher is a founding principal, President, and CEO of Vestar.
David oversees Vestar’s acquisition, development, and operational activities.
David is a graduate of Arizona State University.
David Larcher President & CEO
Miles Sanchez is the Chief Operating Officer at Vestar, responsible for leading and managing the company’s overall business operations.
Miles Sanchez
### Chief Operating Officer - [Vestar] (Current)
Miles Sanchez Chief Operating Officer
Miles Sanchez is the Chief Operating Officer at Vestar, responsible for leading and managing the company’s overall business operations.
Miles Sanchez is the Chief Operating Officer at Vestar, responsible for leading and managing the company’s overall business operations.
Miles Sanchez is the Chief Operating Officer at Vestar, responsible for leading and managing the company’s overall business operations.
Miles Sanchez is the Chief Operating Officer at Vestar, responsible for leading and managing the company’s overall business operations.
Miles Sanchez is the Chief Operating Officer at Vestar, responsible for leading and managing the company’s overall business operations.
Miles Sanchez is the Chief Operating Officer at Vestar, responsible for leading and managing the company’s overall business operations.
Miles Sanchez Chief Operating Officer
Everybody’s really positive about the long term.Commercial Observer / CommercialSearch 2023-12-11https://www.commercialsearch.com/news/mixed-shopping-cart-for-retail-icsc-show-report/
Jeff Axtell is Executive Vice President of Development at Vestar, where he leads the company’s ground-up development strategy.
Jeff Axtell is Executive Vice President of Development at Vestar, where he leads the company’s ground-up development strategy.
Jeffrey Axtell
### Executive Vice President of Development - [Vestar] (Current)
Published December 11, 2023.
“Everybody’s really positive about the long term,” reported Axtell, executive vice president at Vestar.
Jeffrey Axtell Executive Vice President of Development
Jeff Axtell is Executive Vice President of Development at Vestar, where he leads the company’s ground-up development strategy.
Jeff Axtell is Executive Vice President of Development at Vestar, where he leads the company’s ground-up development strategy.
Jeff Axtell is Executive Vice President of Development at Vestar, where he leads the company’s ground-up development strategy.
Jeff Axtell is Executive Vice President of Development at Vestar, where he leads the company’s ground-up development strategy.
Jeff Axtell is Executive Vice President of Development at Vestar, where he leads the company’s ground-up development strategy.
Jeff Axtell is Executive Vice President of Development at Vestar, where he leads the company’s ground-up development strategy.
Jeffrey Axtell Executive Vice President of Development
Clint Marchuk is responsible for the identification, evaluation, and execution of shopping center acquisitions at Vestar, where he has played a key role in the company’s growing portfolio since joining in 2014.
Clint Marchuk is responsible for the identification, evaluation, and execution of shopping center acquisitions at Vestar, where he has played a key role in the company’s growing portfolio since joining in 2014.
Clint Marchuk is responsible for the identification, evaluation, and execution of shopping center acquisitions at Vestar, where he has played a key role in the company’s growing portfolio since joining in 2014.
Clint Marchuk is responsible for the identification, evaluation, and execution of shopping center acquisitions at Vestar, where he has played a key role in the company’s growing portfolio since joining in 2014.
Clint Marchuk
Clint Marchuk Senior Vice President of Capital Markets
Clint Marchuk is responsible for the identification, evaluation, and execution of shopping center acquisitions at Vestar, where he has played a key role in the company’s growing portfolio since joining in 2014.
Clint Marchuk is responsible for the identification, evaluation, and execution of shopping center acquisitions at Vestar, where he has played a key role in the company’s growing portfolio since joining in 2014.
Clint Marchuk is responsible for the identification, evaluation, and execution of shopping center acquisitions at Vestar, where he has played a key role in the company’s growing portfolio since joining in 2014.
Clint Marchuk is responsible for the identification, evaluation, and execution of shopping center acquisitions at Vestar, where he has played a key role in the company’s growing portfolio since joining in 2014.
Clint Marchuk is responsible for the identification, evaluation, and execution of shopping center acquisitions at Vestar, where he has played a key role in the company’s growing portfolio since joining in 2014.
Clint Marchuk is responsible for the identification, evaluation, and execution of shopping center acquisitions at Vestar, where he has played a key role in the company’s growing portfolio since joining in 2014.
Clint Marchuk is responsible for the identification, evaluation, and execution of shopping center acquisitions at Vestar, where he has played a key role in the company’s growing portfolio since joining in 2014.
Clint Marchuk Senior Vice President of Capital Markets
Kean Thomas joined Vestar in 2021 and is responsible for overseeing Vestar’s Finance, Accounting & IT functions across the portfolio.
Kean Thomas joined Vestar in 2021 and is responsible for overseeing Vestar’s Finance, Accounting & IT functions across the portfolio.
Finance Kean Thomas kthomas@vestar.com
Kean Thomas
### Senior Vice President of Development - [Vestar] (Current)
Starting as a Deal Advisory Associate at KPMG US, Kean has worked his way up to positions such as Corporate Finance Manager at Irvine Company and Asset Manager at Laguna Point Properties.
Starting as a Deal Advisory Associate at KPMG US, Kean has worked his way up to positions such as Corporate Finance Manager at Irvine Company and Asset Manager at Laguna Point Properties.
Starting as a Deal Advisory Associate at KPMG US, Kean has worked his way up to positions such as Corporate Finance Manager at Irvine Company and Asset Manager at Laguna Point Properties.
Kean Thomas Senior Vice President of Development
Kean Thomas joined Vestar in 2021 and is responsible for overseeing Vestar’s Finance, Accounting & IT functions across the portfolio.
Kean Thomas joined Vestar in 2021 and is responsible for overseeing Vestar’s Finance, Accounting & IT functions across the portfolio.
Kean Thomas joined Vestar in 2021 and is responsible for overseeing Vestar’s Finance, Accounting & IT functions across the portfolio.
Kean Thomas joined Vestar in 2021 and is responsible for overseeing Vestar’s Finance, Accounting & IT functions across the portfolio.
Kean Thomas joined Vestar in 2021 and is responsible for overseeing Vestar’s Finance, Accounting & IT functions across the portfolio.
Kean Thomas joined Vestar in 2021 and is responsible for overseeing Vestar’s Finance, Accounting & IT functions across the portfolio.
Kean Thomas joined Vestar in 2021 and is responsible for overseeing Vestar’s Finance, Accounting & IT functions across the portfolio.
Kean Thomas Senior Vice President of Development
Beth Understahl serves as General Counsel at Vestar, overseeing all legal matters for the company and its portfolio of properties.
Beth Understahl serves as General Counsel at Vestar, overseeing all legal matters for the company and its portfolio of properties.
Beth Understahl serves as General Counsel at Vestar, overseeing all legal matters for the company and its portfolio of properties.
Beth Understahl serves as General Counsel at Vestar, overseeing all legal matters for the company and its portfolio of properties.
Beth Understahl serves as General Counsel at Vestar, overseeing all legal matters for the company and its portfolio of properties.
Beth Understahl serves as General Counsel at Vestar, overseeing all legal matters for the company and its portfolio of properties.
General Counsel Beth Understahl bunderstahl@vestar.com
Beth Understahl
### General Counsel - [Vestar] (Current)
Beth Understahl General Counsel
Beth Understahl serves as General Counsel at Vestar, overseeing all legal matters for the company and its portfolio of properties.
Beth Understahl serves as General Counsel at Vestar, overseeing all legal matters for the company and its portfolio of properties.
Beth Understahl serves as General Counsel at Vestar, overseeing all legal matters for the company and its portfolio of properties.
Beth Understahl serves as General Counsel at Vestar, overseeing all legal matters for the company and its portfolio of properties.
Beth Understahl serves as General Counsel at Vestar, overseeing all legal matters for the company and its portfolio of properties.
Beth Understahl serves as General Counsel at Vestar, overseeing all legal matters for the company and its portfolio of properties.
Beth Understahl General Counsel
0 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.
| Project | Location | Type | Units | Floors | Area | Cost | Payment plan | Launched | Construction start | Original target | Handover | Delay | Confidence | Status |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Vineyard Towne Center | Queen Creek, United States | retail | — | — | 260,000 sq ft | USD 100m other | — | 2021 | 10.04.2021 | Jan 2021 – Dec 2021 | Jan 2026 | +54.5 mo (+49.0 to +60.0) | estimated | completed |
| Queen Creek Crossing | Queen Creek, United States | retail | — | — | 400,000 sq ft | — | — | 2021 | 10.04.2021 | Jan 2021 – Dec 2021 | Nov 2025 | +52.5 mo (+47.0 to +58.0) | estimated | completed |
| The Shops at Lake Pleasant | Peoria, United States | retail | — | — | 90,000 sq ft | USD 50m other | — | 2021 | 10.04.2021 | Sep 2022 – Dec 2022 | Jan 2025 – Dec 2025 | +32.0 mo (+25.0 to +39.0) | sourced | completed |
| Desert Ridge Marketplace — 2017 redevelopment | Phoenix, United States Desert Ridge master-planned community | retail, mixed use | — | — | — | — | — | 2015 | September 2015 | Jun 2017 – Aug 2017 | Nov 2017 | +4.0 mo (+3.0 to +5.0) | sourced | completed |
| Peninsula Shopping Center redevelopment | Rolling Hills Estates, United States South Bay | retail, other | — | — | — | USD 12m estimated cost | — | 2015 | 06.17.2015 | Sep 2016 – Dec 2016 | Apr 2017 | +5.5 mo (+4.0 to +7.0) | estimated | completed |
| Coverage | active |
| Tracked since | October 10, 2026 |
| Last checked | October 11, 2026 this month |
| Profile last researched | October 11, 2026 |
| Claim |