REBusinessOnline

Wolff Cos. to Develop 84-Acre Cricket Complex in Houston

HOUSTON — Wolff Cos. will develop Prairie View Cricket Complex, an 84-acre athletic facility that will be located at the interchange of U.S. Highway 290 and Liendo Parkway in Houston. In January, Wolff sold the 68-acre Liendo Park and an adjoining 16-acre tract to Houston businessman Tanweer Ahmed, who plans to have two cricket fields ready for play next month and all 12 to 14 fields ready by the second quarter of

Dilweg Cos. Acquires Office Building in Midtown Atlanta for $75M

ATLANTA — The Dilweg Cos. has acquired Pershing Point, a 409,579-square-foot office building located at 1375 Peachtree St. in Midtown Atlanta. The sales price was not disclosed, but the Atlanta Business Chronicle reports the building sold for $75 million, or $183 per square foot. Will Yowell, Justin Parsonnet, Jay O’Meara and Ryan Reethof of CBRE arranged the transaction on behalf of the seller, CBRE Global Investors. CBRE Global Investors was the asset manager on behalf of the California …

GSU’s Rajeev Dhawan: Decisive Year Ahead for Federal Reserve

ATLANTA — Rajeev Dhawan, director of the Economic Forecasting Center at Georgia State University’s (GSU) J. Mack Robinson College of Business, anticipates that the Federal Reserve will raise the federal funds rate several times this year. “Three is a safe bet based on my projections for growth,” writes Dhawan in his quarterly Forecast of the Nation report released last week. The veteran economist expects Jay Powell, who succeeded Janet Yellen in January as the new Fed chair, to …

Aquila to Develop $34M Athletic Complex in Southwest Austin

AUSTIN, TEXAS — Aquila Commercial will develop a 92,000-square-foot athletic complex on a 69-acre site at 8921 W. U.S. Highway 290 in southwest Austin. The Austin Business Journal reports that the project has a price tag of about $34 million. The facility will feature two pools, 12 beach volleyball courts, four outdoor soccer fields, 12 indoor sports courts, running trails and a strength and conditioning room. Runa Workshop designed the complex, and Harvey Cleary Builders is serving as …

Adolfson & Peterson Tops Out 105,801 SF Engineering Building on UTPB Campus in Midland

MIDLAND, TEXAS — Adolfson & Peterson Construction has topped out the new, 105,801-square-foot engineering building located on the University of Texas of the Permian Basin’s (UTPB) campus in Midland. Designed by Stantec Architects, the three-story building will contain classrooms, lecture halls, faculty offices, student collaboration spaces and labs for a variety of engineering activities. The project will also deliver a new parking lot. Overall completion is slated for April

Hill & Wilkinson to Build $91M Expansion for Texas Tech’s Health Sciences Center

LUBBOCK, TEXAS — Richardson-based Hill & Wilkinson General Contractors will build a $91 million expansion project for the Health Sciences Center of Texas Tech University in Lubbock. The project involves adding 185,000 square feet of space, including a 100,000-square-foot extension of the current building that will feature research labs and a gross anatomy lab. In addition, the project will deliver a 14,500-square-foot conference center and a 58,142-square-foot building that will house …

CBRE Negotiates Sale of Nine Acres for QuikTrip Location in Fort Worth

FORT WORTH, TEXAS — CBRE has negotiated the sale of nine acres of land located at the corner of Interstate 30 and Westmoreland Road in Fort Worth. The tract will serve as the future site of a new QuikTrip location. The Tulsa, Okla.-based gas and convenience store chain purchased the land from Dallas County Hospital System for an undisclosed price. David Glasscock of CBRE represented the seller in the

Kraus-Anderson Completes Phase I of $10M Terminal at Falls International Airport in Minnesota

INTERNATIONAL FALLS, MINN. — Kraus-Anderson has completed Phase I construction of the new passenger air service terminal building at the Falls International Airport in International Falls, located near the border of Canada. The $10 million project replaces approximately two-thirds of the old terminal. Architecture firm Alliiance designed the 17,894-square-foot building. Phase I includes new arrival and departure services with check-in ticketing counters and kiosks, a secured gate lounge, …

New Boston Fund Sells Office Building in Miami-Dade County for $96.1M

DORAL, FLA. — New Boston Fund Inc. has sold One Park Square, a 281,786-square-foot, Class A office building in Doral, a city 15 miles northwest of Miami. The South Florida Business Journal reports Gateway Renellie, an affiliate of Boston-based TA Realty, purchased the asset from New Boston Fund for $96.1 million. Christian Lee, José Lobón and Andrew Chilgren of CBRE brokered the sale. Tere Blanca, Danet Linares and Andres del Corral of Blanca Commercial Real Estate handled the leasing …

Vanguard Negotiates Sale of 14.7 Acres in Denton

DENTON, TEXAS — Vanguard Real Estate Advisors has negotiated the sale of a 14.7-acre tract of land situated at the corner of Mayhill and Mills roads in Denton. Jordan Cortez of Vanguard represented the buyer, a Texas-based private investor. Development plans for the site have not yet been

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