Walker & Dunlop Arranges Multifamily Construction Loan in Sherman Oaks, Calif.

Walker & Dunlop, Inc. (NYSE: WD) announced today that it structured a $7,905,000 construction loan for ALEMAR LLC, a residential developer based in Pasadena, California, for a townhouse project in Sherman Oaks, Calif. ALEMAR LLC will use the loan to re-develop an apartment property it has owned since the 1970s by constructing an 18-unit townhouse…

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Arizona School Risk Retention Trust, Inc Selects Plaza Companies To Lease Prominent Phoenix Medical & Office Building

Plaza Companies has been selected as the leasing broker for a prominent, centrally located medical and office building in Phoenix. Built in 1986, the 58,180-square-foot building at 333 East Osborn Road in downtown Phoenix is located near two major medical centers—St. Joseph’s Hospital and Banner Good Samaritan Hospital. West of the building, which boasts a…

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Stiles Realty Brokers $21 Million Sale of Former BankAtlantic Headquarters in Fort Lauderdale

Stiles Realty, a division of Fort Lauderdale-based full-service commercial real estate developer Stiles, announced today the sale of the former BankAtlantic headquarters located at 2100 West Cypress Creek Road in Fort Lauderdale. The $21 million sales price equates to $113.51 per square foot. The Class A 185,000-square foot property was the largest single-tenant vacant building…

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HELIX CAPITAL AQUIRES & LEASES NEW SONORAN CORPORATE CENTER BUILDING IN SCOTTSDALE

Helix, an Arizona-based commercial real estate Investment, Development, Brokerage and Management Company, recently acquired another Scottsdale commercial property, Sonoran Corporate Center Building 5, for $3.93 million. Located at Princess and Hartford Drive, in Scottsdale, Sonoran Corporate Center includes a 21,064 square foot building. Helix will be converting much of the building to medical and corporate…

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Lincoln Property Co. & Oaktree Purchase $58M Biltmore Commerce Center

Office investment and management expert Lincoln Property Company (LPC) and funds managed by Oaktree Capital Management, L.P. (Oaktree) have completed the $58 million purchase of Biltmore Commerce Center, a Class A, institutional-quality office building located in the heart of Phoenix’s coveted Camelback Corridor. The acquisition represents LPC’s second transaction in a partnership with Oaktree that…

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Lincoln Equities Group (LEG) Receives Approval to Develop 265-Acre Industrial Park in Piscataway, NJ

Lincoln Equities Group LLC (LEG) has received Preliminary Site Plan approval from the Piscataway Planning Board to develop 2.4 million square feet of industrial space on 265 acres. The build-to-suit industrial subdivision, known as the Lincoln Industrial Park, is located on a former Dow Chemical brownfield site at 171 River Road. The master plan for…

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TCC’S PHOENIX BUSINESS UNIT EXPANDING

Trammell Crow Company, one of the nation’s leading developers and investors in commercial real estate, announces that Joe Ihrke and Stephen Krager have joined the Company’s Phoenix Business Unit. As Senior Vice President, Joe will be primarily responsible for sourcing and overseeing new office and retail development and investment opportunities throughout the greater Phoenix area.…

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LGE Design Build Breaks Ground on $4.5 Million Phoenix School for The ACES

LGE Design Build has broken ground on the $4.5 million Phoenix West Campus of The Austin Centers for Exceptional Students (The ACES). The ACES, a state approved school, is the largest private provider of special education in Arizona partnering with 65 districts and charter schools. The 30,000-square-foot Phoenix West Campus, located at 89th Ave. and…

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