Monday, December 23, 2019

DoorDash Signs Lease on Lincoln Property Company’s Grand 2 in Tempe, AZ

 Joe Drucker

TEMPE, AZ – The nation’s leading on-demand food platform, DoorDash, has completed a full building lease at Lincoln Property Company's Grand 2 in Tempe, Arizona.

DoorDash will move into the Grand 2 building – the second of eight Class A office buildings slated for development by LPC at The Grand at Papago Park Center master-planned development – this Spring.

Tempe Mayor Mark Mitchell
“Metro Phoenix has been a tremendous place for DoorDash to grow, providing a talented employment pool and a wonderful community in which to work and live,” said Joe Drucker, Head of Facilities and Real Estate for DoorDash.

“The Grand is the next chapter of our story, allowing us to consolidate our Phoenix footprint into a single building that is uniquely designed for an active, creative and evolving company like ours. We look forward to being a contributing member of the Tempe community.”

“We appreciate DoorDash’s long term investment in Tempe,” said City of Tempe Mayor Mark Mitchell. 

“We have seen an influx of Silicon Valley companies bringing their regional headquarters to our community because of the availability of a highly trained workforce, a lower cost of doing business and a tremendous quality of life. We wish DoorDash continued success in Tempe.”

John Orsak
Headquartered in San Francisco, DoorDash launched in 2013 and opened its first regional office in Phoenix in 2016. 

The Arizona location has quickly grown to become one of the company’s largest offices nationwide, primarily focusing on sales and support functions.

DoorDash serves more than 4,000 cities across three countries, including all 50 states in the U.S. as well as locations in Puerto Rico, Canada and Australia.

 The company has solidified a leadership position in the industry – and as of September 2019 leads the charge with more than 35 percent of the nation’s market share, according to Edison Trends. 

“We’ve painstakingly designed Grand 2 with features that work together to serve companies like DoorDash, who represent some of today’s most contemporary companies and their employees,” said Lincoln Property Company Vice President of Real Estate John Orsak.

 “We’re excited to welcome them to the building and know they will benefit from each one of its carefully planned amenities.”

 Greg Pickett 
Located at 1033 W. Roosevelt Way, Grand 2 will be a LEED Silver, Energy Star building developed between April 2018 and October 2019 by LPC, the NAIOP Arizona 2018 Owner and Developer of the Year.

 The project sits on the immediate north side of the Loop 202 Freeway, minutes from downtown Tempe, Arizona State University, Papago Park and Sky Harbor International Airport.

The Grand 2 building can be accessed via two freeway interchanges and is served by below-ground parking and a covered parking garage, two light rail stops that bookend the project.

 Together with a location on the north side of Tempe Town Lake, employee commute times can be cut by 30 or more minutes compared to projects on the south side of the Lake.

Tom Jacobs
Grand 2 is part of The Grand at Papago Park Center master-planned project. 

At build out, The Grand will total 60 acres and 3.2 million square feet of office, multifamily, hotel, retail and restaurant space located on the last developable parcel within the 350-acre Papago Park Center business park.

LPC serves as the developer, leasing agent and property manager for all office space at The Grand. Whiting-Turner is the general contractor for Grand 2 and DAVIS is the architect.

 Greg Pickett and Tom Jacobs of Cushman and Wakefield represented DoorDash in their lease negotiations.

About DoorDash

DoorDash is a technology company that connects customers with their favorite local and national businesses in more than 4,000 cities and all 50 states across the United States, Puerto Rico, Canada, and Australia. 

DoorDash will move into the Grand 2 building – the second of eight Class A office buildings slated for development by LPC at The Grand at Papago Park Center master-planned development – this Spring.
Founded in 2013, DoorDash empowers merchants to grow their businesses by offering on-demand delivery, data-driven insights, and better in-store efficiency, providing delightful experiences from door to door.

 By building the last-mile delivery infrastructure for local cities, DoorDash is bringing communities closer, one doorstep at a time. 

Grand 1 building – the second of eight Class A office buildings slated for development by LPC at The Grand at Papago Park, Tempe, AZ


Stacey Hershauer                     Becky Sosnov
480.600.0195                            201.747.0484

DoorDash blog or at

EcoSystem Renewal Announces New Wetlands Restoration Projects

Ecosystem Renewal Managing Director Danny Moran
holding a 2-year-old bald cypress seedling
at one of the company’s current restoration project sites—
Bayou Chevreuil in St. James Parish, La.

    BATON ROUGE, LA – EcoSystem Renewal LLC, a pioneer in turnkey mitigation banking to restore and preserve sensitive environmental land, is providing technical and regulatory permitting services for critical wetland restoration of more than 1,100 acres in the Ponchartrain Basin.

 The new project announced this month (December), the Upper Comite Flats Umbrella Mitigation Bank, encompasses nine parcels in the Basin, one of the most in-demand watersheds in Louisiana .

For the past 10 years, EcoSystem Renewal has overseen design, permitting, construction, monitoring and management of more than 15,000 acres of restoration projects in Louisiana and Texas .

Managing Director Danny Moran said the coming year is shaping up to be a busy, exciting year for the company.

Danny Moran
“This team is passionate about what they do and very good at their respective jobs,” Moran said.

 “We expect to add additional projects in 2020 and look to add team members who are dedicated to wetland restoration.”

Mitigation banking is the federally preferred method of meeting the national goal of no net-loss of wetlands and environmentally threatened land.

Project leaders for road building, construction and other development can purchase credits in the land banks to meet requirements for offsetting unavoidable wetland impacts elsewhere.

 EcoSystem, based in Baton Rouge , has completed wetland delineation of the nine separate parcels and is now drafting the prospectus to submit to the US Army Corps of Engineers-New Orleans District. A prospectus is the legal document that spells out details of the project and restoration goals for regulators. 

Glenn Curtis, Manager of Inland Property LLC, developer of the Upper Comite Flats mitigation bank, said authorization is expected by the end of the fourth quarter of 2020.

A dire shortage of forested wetland credits in the Ponchartrain Basin , Curtis said, is holding up public and private development. “We intend to bring these credits to the market as quickly as possible,” Curtis said.

EcoSystem Renewal is also providing technical and regulatory services for two other Inland Property projects, the Elm Hall Mitigation Bank (in Assumption Parish) and Willow Lake Mitigation Bank (in Cameron Parish).

Both are in final permitting stage with approval expected in the first quarter of 2020, for Willow Lake , and third quarter for Elm Hall. Willow Lake will provide 375 acres of fresh marsh and coastal prairie wetland credits in the Calcasieu Basin .

Elm Hall will yield 395 acres of forested wetland credits in the Terrebonne Basin service area. Both are located within the Louisiana Coastal Zone.

In addition, EcoSystem Renewal is in final stages of permitting for a Texas mitigation bank, a complex 605-acre project, Cedar Bayou, in Liberty County . Cedar Bayou Holdings LLC, sponsor of that land bank, anticipates final approval by the third quarter 2020.


Danny Moran, Managing Director, EcoSystem Renewal, LLC, 
(toll free) 888-294-8101

Ext 802,;  We invest in the environment so you can bank on the future.  Visit

 Will Beaty, Director of Sales and Marketing, EcoSystem Renewal, LLC, 
888-294-8101 Ext 802,

 Beth Payan, Larry Vershel Communications, Inc.  
407-644-4142 or 407-461-3781

Arbor Funds $2.9 Million Fannie Mae Small Loan in Miami, FL

 James Fiesel
UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae Small Loan in Miami, FL.

The property received $2.9M in financing with a 15-year fixed rate, four years of interest only payments, and a 30-year amortization schedule through the program. 

 James Fiesel of Arbor’s New York City office originated the loan.

 The Vegas Apartments, Miami, FL

 “This deal highlights Arbor’s ability to conceptualize and deliver innovative financial solutions for our clients,” Fiesel said. “As trusted partners, we are committed to finding products and loan terms that support our clients’ long-term goals.”   
 The Vegas Apartments were built in 1969. The low-rise multifamily complex is made up of 30-units, and features a swimming pool and Zen Garden.
There are on-site parking options in the gated community, which is conveniently located to retails shops, commuter rail and the University of Miami.


Bina Handa
Tel: 516.506.4229

Arbor Funds $7.7 Million Fannie Mae MAH Loan in New Orleans, LA

Austin Walker 

UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR) a leading multifamily and commercial mortgage lender, recently financed a Fannie Mae MAH loan in New Orleans, LA.

The 159-unit, received $7.7M in funding through the program. The loan provides a 10-year fixed rate with three years of interest only payments. 

Austin Walker of Arbor’s New York City office originated the loan.

Skyview Terrace 
“Arbor’s strong partnership with Fannie Mae, along with our ability to find creative financial solutions for our clients, allowed us to offer three years initial interest only payments, which was critical to closing this transaction,” Walker said. “We are committed to helping clients meet their goals through customized and innovative products.”

Skyview Terrace was built in 1975. The two-story property offers one- and three-bedroom apartments, a laundry facility and a courtyard. It is conveniently located to retail shopping and dining, and only a few miles away from downtown New Orleans and the French Quarter.  


Bina Handa
Tel: 516.506.4229

Residence Inn by Marriott Hotel to Open in Tierra Verde, FL with New Brand Design

Residence Inn by Marriott St. Petersburg Tierra Verde in Fla.

Tierra Verde, FL, Dec. 23, 2019 – Officials with Marriott International, Prime Hospitality Group and Shaner Hotel Group today announced the grand opening of the 95-suite Residence Inn by Marriott St. Petersburg Tierra Verde in Fla.

Located at 214 Madonna Boulevard, the all-suite Prime Hospitality Group-owned and Shaner Hotel Group-operated  Residence Inn St. Petersburg Tierra Verde operates as a Marriott franchise.

Diane Mayer
“We are pleased with the continued growth of Residence Inn to the Tierra Verde area,” said Diane Mayer, vice president and global brand manager, Residence Inn at Marriott International.

“When on the road for an extended period, our guests need space to spread out, maintain their life’s pace and restore their energy to keep a healthy balance and routine while traveling.

"This new hotel offers a seamless blend of modern style and functionality that allows them to settle in and thrive.”

Plato Ghinos

“The Residence Inn by Marriott brand is ideal for Southwestern Florida visitors who require additional space and amenities to make the most of their business or leisure excursions,” said Plato Ghinos, president, Shaner Hotels. 

 “As an approved Marriott operator, we are intimately familiar with the Residence Inn brand.  This marks the 38th Marriott addition to our portfolio of owned and operated hotels across the United States and Europe, as well as the 42 hotel we have opened. 

"Following its ramp up period, we fully expect the Residence Inn by Marriott St. Petersburg to become the upscale destination of choice for visitors to the area.”

Fort DeSoto State Park

Situated on the Tierra Verde Resort Marina just minutes to Fort DeSoto State Park and nine miles from downtown St. Petersburg, the Residence Inn St. Petersburg Tierra Verde offers its guests convenient access to Fort DeSoto Park, St. Pete Beach, the Dali Museum and Eckerd College.

Residence Inn is proud to participate in Marriott Bonvoy, the new name of Marriott’s travel program replacing Marriott Rewards®, The Ritz-Carlton Rewards®, and Starwood Preferred Guest® (SPG). 

To enroll for free or for more information about the program, visit

For more information or reservations, visit

 For travel tips, the latest on the brand or to connect with other travelers, “like” Residence Inn on Facebook and follow @ResidenceInn on Twitter and Instagram.


620 Herndon Parkway, Suite 115 | Herndon, VA 20170
Main: 703-435-6293
Mobile: 703-864-5553

KBS Achieves First-Ever WiredScore Property in Bloomington, MN Market

Rodney (Rod) Richerson

BLOOMINGTON, MN – KBS, one of the largest owners of premier commercial real estate in the nation, has announced that Northland Center, a two-building, 492,514 square-foot Class A office park, has become the first-ever property to achieve Wired Certification in the Bloomington, Minnesota market.

The asset was awarded Wired Certified Gold status by WiredScore, indicating that it meets the international standard for cutting-edge internet connectivity in office buildings. 

 Northland Center becomes one of only eight buildings in the state of Minnesota to receive this certification.

Giovanni Cordoves
This distinction underscores KBS’ ongoing focus on innovation and technology within its portfolio of assets, according to Rod Richerson, regional president, Western United States for KBS.

“We understand that connectivity is a key demand driver for today’s most prominent office tenants,” says Richerson. 

“By achieving this first-ever Wired Certification in Bloomington, we continue to demonstrate our position as a forward-looking owner with assets that are held to the very highest of standards.”

With this new designation, KBS now holds 32 Wired Certified assets nationwide.

“Exceptional connectivity is a must have among office users,” says Giovanni Cordoves, a senior vice president for KBS and asset manager of Northland Center.

“By achieving this certification, Northland Center is even more well-positioned to deliver the productive, connected workplace today’s tenants require for stability and growth.”

 “KBS stands out as an innovator in the greater Twin Cities office market and clearly demonstrates a commitment to upholding best-in-class connectivity standards,” says Arie Barendrecht, CEO & Founder of WiredScore.

 Arie Barendrecht
“In pursuing Wired Certification, the Northland Center property underwent a comprehensive certification process that evaluated its digital infrastructure and ability to deliver a seamless connectivity experience, ensuring that its tenants are able to stay online and maintain productivity levels at all times.”

In addition to Northland Center, KBS owns Wired Certified assets in the Washington D.C. metro area, New Jersey, Pennsylvania, Texas, and California.

Of these buildings, two are Platinum Certified, 14 are Gold Certified, 15 are Silver Certified, and one is Wired Certified.

Peter Bren
Additional technology-oriented amenities at some KBS properties include EV car-charging stations, energy-management systems, golf simulators, media rooms, outdoor TV areas, security systems, smartphone apps, touchscreen directories, TV lounges and TV viewing rooms.

 “Technology is among our top considerations as we acquire and operate best-in-class assets in the epicenter of growth markets,” says Cordoves.

 “As a leader, we will sustain our focus on connectivity while continuing to deliver the most innovative amenities, services, and workplace designs in the industry.”

About KBS

KBS is one of the largest ownersof premier commercial real estate in the nation.  

As a private equity real estate company and an SEC-registered investment adviser, KBS and its affiliated companies have completed transactional activity of approximately $40 billion on behalf of private and institutional investors globally. 

Chuck Schreiber
Founded in 1992 by Peter Bren and Chuck Schreiber, KBS acquires and operates prime commercial real estate in some of the most successful epicenters in the country. 

The firm is committed in its business ethics, its business relationships and its constant focus on exceeding the expectations of our investors, partners and tenants. 


Micaela Fehrenbach  Associate Account Executive
O 949 438 6262 
Brower Group, Inc. 
The Smart Agency® for Smart Clients who want Smart Work 
220 Newport Center Drive, Suite 22 · Newport Beach, CA 92660