Metropolitan Capital Arranges $9.5M Construction Loan for Condo Project in Dallas

DALLAS — Metropolitan Capital Advisors (MCA) has arranged a $9.5 million construction loan for Destination Residences, a 62-unit condominium project in Dallas. The property will be located in The Cedars, a retail-heavy neighborhood just south of downtown, and will be built entirely on speculation. Justin Laub of MCA arranged the financing on behalf of 1901 Harwood LLC through an undisclosed, Texas-based bank.

April 27, 2017

Partnership to Develop 100,000 SF Self-Storage Facility in West Palm Beach

WEST PALM BEACH, FLA. — A partnership between SROA Capital, MacArthur Holdings and Live Oak Capital Partners plans to develop a 100,000-square-foot self-storage facility at 1620 Congress Ave. in West Palm Beach. Situated at the entrance of the Land of Presidents and the Palm Beach Outlet Mall, the three-story property will feature 830 climate-controlled units, 1,200 square feet of ground-floor retail space and 24-hour camera surveillance. The partnership plans to deliver the facility in the..

April 27, 2017

City of Atlanta Unveils Plans for $48M Grant Park Gateway Near Zoo Atlanta

ATLANTA — The City of Atlanta has unveiled plans for Grant Park Gateway, a $48 million underground parking and mobility facility located at an existing eight-acre surface parking lot adjacent to Zoo Atlanta in the city’s Grant Park district. The new LEED-certified property will feature a park on the roof of the facility with green infrastructure elements and a restaurant offering regional cuisine, as well as approximately 1,000 parking spaces. The overall project will complement Zoo..

April 26, 2017

Cadence McShane to Build 120,000 SF High School in Houston

HOUSTON — The Houston Independent School District has tapped Cadence McShane Construction Co. to build Barbara Jordan High School, a 120,000-square-foot campus located at 5800 Eastex Freeway in northeast Houston. The school will encompass 25 classrooms, six laboratories, a childcare center and a cafeteria with a commercial kitchen. Delivery is scheduled for the third quarter of 2018.

April 25, 2017

Developers to Deliver Three $30.5M Elementary Schools in Metro Houston

HOUSTON — Three developers will deliver new elementary schools for the 2017-2018 school year to Fort Bend County in the greater Houston area. Cadence McShane is general contractor for James Patterson Elementary School at 18702 Beechnut St. in Houston; Drymalla Construction Co. Inc. is building James C. Neill Elementary School at 3820 Harvest Corner Drive in Richmond; and Satterfield & Pontikes is constructing Donald Leonetti Elementary School at 1757 Waters Lake Blvd. in Missouri City...

April 20, 2017

Atlanta United Opens $60M Soccer Training Facility North of the City

MARIETTA, GA. — Atlanta United, a new Major League Soccer franchise, has opened its $60 million training facility on Franklin Gateway in Marietta, a northern suburb of Atlanta. Named the Children’s Healthcare of Atlanta Training Ground, the 33-acre project features a 30,000-square-foot headquarter building and six full-size soccer fields, including three natural grass and three FieldTurf surfaces. The architect, Atlanta-based tvsdesign, is applying the facility for LEED Silver..

April 13, 2017

Henry S. Miller Arranges Sale of Acreage Near $70M Stadium Site in McKinney, Texas

MCKINNEY, TEXAS — Henry S. Miller Co. Inc. has arranged the sale of 11.7 acres of land at the corner of McKinney Ranch Parkway and South Hardin Boulevard in McKinney, a northern suburb of Dallas. The tract is located across the street from the site of the new McKinney Stadium, a $70 million project currently under construction that will service three high schools in McKinney. Lane Kommer of Henry S. Miller represented the seller in the transaction. The buyer was not disclosed.

April 6, 2017

Marcus & Millichap Negotiates Sale of Nine-Property Self-Storage Portfolio in Texas

AMARILLO, PLAINVIEW AND LUBBOCK, TEXAS — Marcus & Millichap has arranged the sale of a nine-property portfolio of Extra Space Storage facilities located in Amarillo, Plainview and Lubbock. The 644,795-square-foot portfolio encompasses 1,237 climate-controlled units, 3,527 non-climate-controlled units and 18 offices. Brett Hatcher and Charles LeClaire of Marcus & Millichap represented the seller, a Texas-based limited liability company, and procured the buyer, also a limited liability company.

March 31, 2017

Digital Realty Opens $22M Data Center in Downtown Atlanta

ATLANTA — Digital Realty has opened a new 18,000-square-foot data center facility within the American Cancer Society building at 250 Williams St. in downtown Atlanta. The new $22 million facility will be connected via high-speed fiber to Digital Realty’s existing property at 56 Marietta St. Digital Realty is expanding its footprint in the Atlanta area as it is home to more than 13,000 technology companies across multiple industries, including financial services, transportation, healthcare,..

March 31, 2017

Pontiac, Silverdome Owner Agree to Demolition of Former Detroit Lions Stadium

PONTIAC, MICH. — The City of Pontiac and the stadium ownership group have agreed to demolish The Pontiac Silverdome, the former home to the Detroit Lions, according to Crain’s Detroit Business. The 127.5-acre site hosted the Lions from 1975 until the team moved to Ford Field in 2002. Neither a timeframe for the demolition nor a redevelopment plan has been established yet. Toronto-based Triple Properties Inc. has owned the stadium since 2009, when the company purchased the property from the..

March 29, 2017