Oaktree Capital Management Archives

Construction commences on $50M renovation of Renaissance Square

Renaissance Square

Construction commenced today on phase one of a $50 million renovation of Renaissance Square, Downtown Phoenix’s iconic office towers at 2 and 40 N. Central Avenue. In a joint venture, Oaktree Capital Management, L.P., and Cypress Office Properties, LLC, purchased Renaissance square from Hines U.S. Core Office Fund, L.P last year for $151.25 million. The $10 million first… Read More →

1,086 acres in Peoria sell for $35M

Peoria
by in AZRE Magazine

A 1,086-acre portion of the Lake Pleasant Heights master planned community in Peoria was sold for $35 million to a joint venture between Florida-based Avanti Properties Group and Scottsdale-based Voyager Investment Properties LLC, according to Land Advisors Organization. Land Advisors Organization represented the sellers, a joint venture between Oaktree Capital Management, Gibraltar Capital and Sabal Financial… Read More →

Renaissance Square sells for $151.25 million

Renaissance Square
by in AZRE Magazine | Office

A joint venture group purchased Renaissance Square, a two-tower office and retail plaza in Downtown Phoenix, for $151.25 million, a source close to the deal reported. In an announcement the new ownership group released Wednesday, future plans call for a $50 million upgrade to the office towers, with plans to update the lobbies, plaza and indoor/outdoor tenant conference center… Read More →

Phoenix Children’s expands to Biltmore Commerce Center

Best Public, Commercial Buildings - AZRE Magazine September/October 2011

Phoenix Children’s Hospital has committed to a 27,265-square-foot office lease at Biltmore Commerce Center, a Class A Camelback Corridor office building that was purchased just months ago by office investment and management expert Lincoln Property Company (LPC) and a fund managed by Oaktree Capital Management, L.P. (Oaktree). The company will move into Biltmore Commerce Center next month,… Read More →

$165M for LPC-Phoenix in 60 days

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 has generated… Read More →

Health Choice Arizona expands headquarters by 40%

Transwestern brokered a lease renewal and expansion at Gateway Center on behalf of the building owner, a joint venture between an Oaktree Capital Management LP affiliate and Pearlmark Real Estate Partners LLC. Health Choice Arizona leased an additional 21,669 square feet for a total of 74,000 square feet in the Class A building at 410… Read More →

Taylor Morrison in Joint Venture to Acquire Marblehead

Taylor Morrison Home Corporation announced that it has formed a joint venture with its two largest shareholders, funds managed by Oaktree Capital Management, L.P. and TPG to acquire and develop Marblehead, a prestigious coastal residential development in San Clemente, California. Marblehead consists of 195.5 coastal acres and can accommodate over 300 luxury home sites. The… Read More →

ASU program helps leaders of small businesses

by in Business News | Education | Small Biz

The fifth annual Small Business Leadership Academy at the W. P. Carey School of Business at ASU helps small business owners and executives learn how to improve efficiency, streamline operations and raise profits. “Classes are held just one night per week, so they fit right into busy executives’ schedules,” said Dawn Feldman, executive director of… Read More →

Hear from Top Business Leaders in the New ECP Season

Top leaders from Sam’s Club, Intel, the United Services Automobile Association (USAA), and the Arizona Diamondbacks are among those taking the stage during the current season of the Economic Club of Phoenix speaker series. Every year, Phoenix-area audiences are invited to attend the club’s luncheons and hear from some of the biggest names in the… Read More →