A pension fund advised by LPC Realty Advisors I, LP, an affiliate of Lincoln Property Company, has purchased the iconic suburban office complex known as Royal Palm. The Class A property, located in Plantation, features two buildings totaling 465,592 square feet. Lincoln Property Company will manage the buildings. Royal Palm features a top-notch roster of… Read more »
Believe it or not, we are now past the halfway mark of 2014. At Lincoln Property Company Southeast, we have seen local economies throughout the South improve during the first six months of the year, and there’s ample evidence that the remainder of 2014 will bring more movement in the right direction. According to a… Read more »
One sign of a strengthening economy is new commercial development, and if a recent Federal Reserve Bank of Atlanta survey is any indication, construction cranes could soon be dotting Southern landscapes. In the Atlanta Fed’s first-quarter inquiry of those involved in non-residential construction in the Southeast, 41 percent of the respondents said construction activity was… Read more »
The South’s manufacturing sector continued its surge in April, as indicated by a key economic measurement reaching a two-year high. The monthly Southeast Purchasing Managers Index (PMI), which evaluates the strength of the manufacturing industry in the area covering Alabama, Florida, Georgia, Louisiana, Mississippi and Tennessee, came in at 63.2 last month. (A score above… Read more »
The Miami office of Lincoln Property Company Southeast (Lincoln), in a joint venture with a real estate fund advised by Crow Holdings Capital Partners, has purchased nearly seven acres in the Medley submarket of the city to develop a Class A, 136,500-square-foot industrial facility. The joint venture purchased 6.97 acres in the Pan American North… Read more »
Improving real estate fundamentals, increased manufacturing activity and a better employment situation: those are some of the positive characteristics of the South’s economy in recent months. In March, Georgia’s unemployment rate declined for the ninth month in a row, dropping to 7.0 percent, its lowest point since September 2008. Florida’s rate inched up ever so… Read more »
Greetings! The South’s surprisingly frigid first two months have produced a cooling of some recent economic trends, but other data indicates the region’s long-term recovery remains on track. For starters, existing home sales in the South dipped slightly in February, by 0.5 percent, when compared with the same month in 2013, according to the National… Read more »
Greetings! In an Atlanta Fed survey of employers of all sizes, just more than 46 percent of the respondents said they expected to increase the size of their payrolls in 2014. That’s a slight increase from similar surveys conducted in early 2013 and 2012. Just less than 10 percent said they intended to decrease payrolls… Read more »
With the holidays in the rear-view mirror and 2014 in full swing, we at Lincoln Property Company Southeast are extremely excited about the year ahead. We expect our third-party services to be in high demand as commercial real estate markets across the South continue to improve and the economy grows stronger. The office markets of… Read more »
Greetings and happy holidays! As 2013 draws to a close, an array of new data shows that the steady economic recovery the South has enjoyed throughout the year remains on firm footing and is set to continue in 2014. According to the numbers, the region’s home market and manufacturing sector showed additional improvement this fall,… Read more »