DMB offers model for resiliency

Several developers and builders have had their turn to dominate metro Phoenix's housing market and growth economy since the last housing crash about two decades ago. Some of those companies are gone, out of business, purchased by other builders or have pulled out of Arizona after the most recent housing crash that started in 2006. When it came time to pick a developer to tell the story of the regional housing market's boom, bust and potential recovery, Scottsdale-based DMB Associates was the obvious choice. First, the company had to downsize during the bust like most others and was honest about it. Second, DMB is still operating and developing some of not only the Valley's but also California's most prominent sites. It has drawn new wealthy investors, and instead of giving back sites to lenders or other owners, it has taken advantage of the downturn to put more time into planning potential new developments.

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