Land Advisors Organization Names Brent Long as President

Land Advisors Organization today announced Brent Long has been named President. Brent Long is a 30-year veteran of the commercial real estate industry that includes brokerage, investment and technology. Most recently, as President of Berkadia Investment Sales, Long led it’s apartment sales team that spanned nationwide. Berkadia Investment Sales was formed through a transaction that…

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Healthcare Trust of America to Acquire Duke Realty’s Medical Office Portfolio for $2.75 Billion

Healthcare Trust of America, Inc. (NYSE:HTA or the “Company”), the largest dedicated owner and operator of medical office buildings in the United States, announced today that it entered into a definitive agreement to acquire all of the medical office building assets and medical development platform of Duke Realty Corporation. (“Duke”) for $2.75 billion in cash,…

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CONSTRUCTION EMPLOYMENT INCREASES IN 224 OUT OF 358 METRO AREAS BETWEEN MARCH 2016 AND 2017 AS NEW TAX PROPOSAL MAY BOOST FUTURE GROWTH

Construction employment increased in 224 out of 358 metro areas between March 2016 and March 2017, declined in 92 and stagnated in 42, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials noted that a recent proposal by the Trump administration to reform the…

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CONSTRUCTION SPENDING HITS RECORD LEVELS FOR SECOND MONTH IN A ROW, IS UP BY 4.9 PERCENT FOR THE FIRST THREE MONTHS OF THE YEAR

Construction spending is at record levels for the second straight month in March and is up 4.9 percent for the first three months of year compared to the same period in 2016, despite dipping slightly compared to February, according to an analysis by the Associated General Contractors of America. Association officials said many firms are…

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CBRE Negotiates 26,174 SF Office Lease in Downtown Phoenix Warehouse District

CBRE Group, Inc., has negotiated a 26,174-square-foot lease in the downtown Phoenix Warehouse District. Arizona-based Scientific Technologies Corporation, a health technology innovation and services company, will occupy the warehouse-turned-office-space.   Corey Hawley and Jimmy Cornish with CBRE’s Phoenix office negotiated the lease on behalf of the landlord, 1st Buchanan, LLC. Jim Sadler and Darius Green…

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NGKF Sells Scottsdale’s Turnstone Office Park to Local Investors

Newmark Grubb Knight Frank (NGKF) announces the sale of Scottsdale’s Turnstone Office Park for $10,000,000. The 64,949-square-foot four building office complex located at 17767 – 17797 North Perimeter Drive in Scottsdale sold from Turnstone Office Park, L.P. to private local investors, SLR and NHR Turnstone, LLC. NGKF Capital Markets Managing Director Erik Marsh and Associate…

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Fresh Leadership Enters Marcus & Millichap in Phoenix

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced Ryan Sarbinoff has accepted the position of regional manager in the firm’s Phoenix office. Previously, Sarbinoff was regional manager for Marcus & Millichap in Cincinnati.             “Ryan is an effective leader with a…

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CBRE and ViaWest Complete $23.3 Million Sale of Twin Office Properties in Chandler Midway Corporate Center

On behalf of ViaWest Properties, CBRE recently completed the sale of twin, two-story Class A office buildings in the Chandler Midway Corporate Center located at 5670 and 5710 W. Chandler Blvd. in Chandler, Ariz. Barry Gabel and Chris Marchildon with CBRE’s Phoenix office represented the seller, Phoenix-based ViaWest Group. The buyer was Encino-Calif.-based Kramer-Wilson Company,…

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