From BREW

Scottsdale - A company formed by Jerry Simms, owner of the Turf Paradise horse track in Phoenix, paid $44.5 million ($277.73 per foot) to buy a 160,228-square-foot shopping center at the northeast corner of Scottsdale Road and Shea Boulevard in Scottsdale. The seller was Karlin Scottsdale Shea LLC, a company formed by Karlin Real Estate in Los Angeles, Calif. (David Cohen, Matthew Schwab, co-founders).