REBusinessOnline

JPI to Develop 282-Unit Apartment Community in Irving’s Las Colinas District

IRVING, TEXAS — JPI has begun construction of Jefferson Texas Plaza, a 282-unit multifamily community that will be located within Irving’s Las Colinas district. The property will feature a resort-style pool, private parking garages, fitness and yoga studio, a dog park and a two-story clubhouse with a coffee bar. The community will also offer proximity to a variety of restaurant and entertainment options, including Alamo Drafthouse Cinema and Toyota Music Factory. Construction is scheduled …

Colony Industrial, Huntington Acquire Land in Metro Dallas for 355,071 SF Industrial Project

GARLAND, TEXAS — Colony Industrial, in partnership with Huntington Industrial Partners, has acquired 21 acres in the northeastern Dallas suburb of Garland for the development of a two-building, 355,071-square-foot light industrial project. The buildings will feature 32-foot clear heights, cross-dock configurations and ample on-site trailer storage. Construction is scheduled to begin in late April and wrap up by the end of the

MedCore, TNRG Break Ground on 200,000 SF Seniors Housing Community in Metro Houston

ATASCOCITA, TEXAS — A partnership between Dallas-based MedCore Partners and Houston-based TNRG has broken ground on Fountainwood at Lake Houston, a 200,000-square-foot seniors housing community in Atascocita, a northeastern suburb of Houston. The property will offer 98 independent living units, 68 assisted living residences and 24 memory care apartments. California-based Integral Senior Living will manage the community. The opening is slated for August 2020. …

HFF Arranges $27.5M Loan for Refinancing of College Station Apartments

COLLEGE STATION, TEXAS — HFF has arranged a $27.5 million loan for the refinancing of 100 Park at Century Square, a 249-unit multifamily community in College Station. The property is located near Texas A&M University within the 60-acre Century Square mixed-use development. Floor plans consist of studio, one- and two-bedroom units and amenities include a pool, fitness center and an outdoor lounge. Colby Mueck, Timothy Joyce, Stephen Skok and Stuart Hepler of HFF arranged the loan on …

STRIVE Negotiates Sale of 69,651 SF Retail Center in Metro Fort Worth

FOREST HILLS, TEXAS — Dallas-based retail brokerage firm STRIVE has negotiated the sale of Forest Hills Village, a 69,651-square-foot retail center located on the southern outskirts of Fort Worth. Anchored by a Foodland Markets grocery store, the property was 100 percent occupied at the time of sale. Jennifer Pierson of STRIVE represented the seller, a California-based investor, in the deal. A Dallas-area investor acquired the asset for an undisclosed price. …

M&T Realty: Seniors Housing will be a Bright Spot for Lending for Years to Come

  Seniors housing seemed to rule the roost among attendees at MBA’s CREF 2019. Mark Gould, national production manager at M&T Realty Capital Corporation, thinks he knows why. The obvious answer would be the aging Boomer population, which will continue to require additional services for some time. However, Gould believes it’s more than demographics. He asserts that a tangible evolution has taken place among seniors housing operators that has made these dwellings more …

SkyWalker Property Partners Purchases 227,891 SF Office Building in Dallas

DALLAS — Local investment firm SkyWalker Property Partners has purchased a 227,891-square-foot office building located at 8151 LBJ Freeway in Dallas. The property was built in 1981 on 3.4 acres. Gary Walker and Clint Holland of SkyWalker represented the buyer of record, which plans to invest $500,000 in capital improvements to the eight-story, Class B building. HFF represented the seller, Credit Union of Texas, which formerly housed its headquarters in the building and has leased back …

NAI Investment Fund II Acquires Two Commercial Assets Totaling 215,835 SF in Houston Area

HOUSTON AND WEBSTER, TEXAS — NAI Partners’ Investment Fund II has acquired two commercial assets totaling 215,835 square feet in the Houston area, bringing the fund to full deployment. Leghorn Service Center is a 66,530-square-foot industrial building in northwest Houston, and Clear Lake Business Center is a 149,305-square-foot flex property in the southeastern suburb of Webster. Andrew Pappas, Adam Hawkins, and John Nolan of NAI Partners’ negotiated and closed the deals. The seller was …

Simply Self Storage Opens 733-Unit Facility in Frisco

FRISCO, TEXAS — Orlando-based Simply Self Storage has opened a 733-unit facility at 4740 4th Army Drive in the northern Dallas suburb of Frisco. The Class A property, construction of which began in August 2017 and lasted about a year, offers 82,850 square feet of net rentable space. The facility offers a mix of climate-controlled and interior storage units, as well as exterior, drive-up units.

JLL Negotiates Sale of 180-Unit Apartment Community in Rio Grande Valley

HARLINGEN, TEXAS — JLL has negotiated the sale of Stoneleigh Harlingen, a 180-unit multifamily community in the Rio Grande Valley city of Harlingen. Built in 2006, the property offers one- and two-bedroom units and amenities such as a pool, fitness center, business center and a resident clubhouse. Zar Haro, Moses Siller and Robert Arzola of JLL represented the seller, Seneca Investments, in the transaction. Leuven Group acquired the asset for an undisclosed price. …

Conferences