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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METRO COMMERCIAL PROPERTIES WELCOMES SOUTHLAND ENGINEERING IN 11,162 RSF TEMPE OFFICE LEASE

Southland Engineering a division of Southland Industries (www.southlandind.com) has signed a lease for 11,162 RSF at 1500 N. Priest Drive within the Papago Buttes Corporate Plaza in Tempe, Arizona. The new facility for Southland Engineering is located in a corporate office park owned by Principal Real Estate Investors in the vibrant and rapidly expanding north…

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GOV. DUCEY SIGNS NAIOP ARIZONA-SUPPORTED BILL PROHIBITING MANDATORY REPORTING OF ENERGY USAGE, CONSUMPTION

A bill supported by NAIOP Arizona and a coalition of 10 other industry groups prohibiting a municipality from requiring an owner, operator or tenant of a business, commercial building or multifamily property from measuring and reporting energy usage and consumption or face a fine was signed by Gov. Doug Ducey. SB 1241, sponsored by Sen.…

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NexMetro Communities Expand Phoenix Office

Phoenix-headquartered NexMetro Communities, America’s builder of next-generation, leased–home neighborhoods in the Sunbelt, announces the appointment of Mary C. Tanner, CPA, as the company’s Finance Manager and Jill Long as Corporate Administrator for the growing real estate company. Mary Tanner is a Certified Public Accountant (CPA) who brings more than 20 years of experience in the…

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Andy Kroot Negotiates Starbucks Sale at SWC of Scottsdale & McKellips, Tempe, AZ

Andy Kroot with Velocity Retail Group, LLC announces the sale of the single tenant Starbucks store located at the SWC of Scottsdale and McKellips – 1926 North Scottsdale Rd, Tempe AZ. Andy Kroot, Principal of Velocity Retail Group represented the Seller in the transaction and Jon Stansbury of DTZ represented the Buyer. The ownership –…

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