REBusinessOnline

JPI Breaks Ground on 409-Unit Apartment Community in Metro Dallas

FARMERS BRANCH, TEXAS — JPI has broken ground on Jefferson Alpha West, a 409-unit apartment community in Farmers Branch. The four-story property will be located within the Alpha + Inwood mixed-use development, which will include a 155-room ALOFT hotel, 296,000 square feet of office space and 22,000 square feet of retail space. Residential amenities will include a pool, rooftop lounge, clubhouse and a dog park. Occupancy at Jefferson Alpha West is scheduled for the end of 2019 and completion …

E.E. Reed Completes 712,740 SF Industrial Project in Metro Houston

BAYTOWN, TEXAS — Houston-based E.E. Reed Construction LP has completed a 712,740-square-foot warehouse/distribution center situated on 170 acres in the eastern Houston suburb of Baytown. Built on behalf of Ravago Americas, a supplier of rubber and plastic, the property features a tilt-wall configuration, 30,000 square feet of office space, a 200-car railyard and a truck maintenance facility. Houston-based Powers Brown Architecture designed the

CBRE Secures $78M Loan for Refinancing of Mixed-Use Asset in Austin

AUSTIN, TEXAS — CBRE has secured a $78 million loan for the refinancing of The Triangle, a mixed-use property in Austin that includes 529 multifamily units and roughly 120,000 square feet of retail and restaurant space. Residential amenities include three pools, a 24-hour fitness center and a resident lounge. Brian Eisendrath, Brandon Smith and Annie Rice of CBRE secured the seven-year, floating-rate loan on behalf of The Dinerstein Cos., a Houston-based development firm that acquired the …

Transwestern Brokers Sale of 320-Unit Apartment Community in Dallas

DALLAS — Transwestern has brokered the sale of Plaza Del Lago, a 320-unit multifamily community in Dallas. Built in 1982, the property is located on the city’s northwestern side near Dallas Love Field Airport. Amenities include two pools, outdoor grilling areas, on-site laundry facilities, a dog park and a playground. Taylor Snoddy, Philip Wiegand and James Roberts of Transwestern represented the seller, DIJ Plaza Del Lago LLC, in the transaction. The buyer and sales price were not …

HSM Negotiates Sale of Two Warehouses Totaling 29,000 SF in Houston

HOUSTON — Henry S. Miller Brokerage Co. (HSM) has negotiated the sale of two warehouses totaling approximately 29,000 square feet in Houston. The two buildings are located at 10440 Windfern Road on the city’s northwest side. Sam Chang of HSM represented the buyer, GAC Windfern LLC, in the transaction. Adam Strauss of New Regional Planning represented the sellers, the estates of two private

CBRE Arranges $59M Construction Financing for Seniors Housing High-Rise in Houston

HOUSTON — CBRE has arranged $59 million in construction financing for The Village of Southampton, a 17-story seniors housing community in Houston. A joint venture between Bridgewood Property Co. and Harrison Street Real Estate Capital is developing the building. The community will feature 204 independent living, assisted living and memory care units within the high-end Rice Village mixed-use development. Rice Village includes more than 300 shops and restaurants within a 16-block area. Located …

VillaSport to Open 121,000 SF Athletic Facility in Metro Houston

KATY, TEXAS — VillaSport Athletic Club & Spa, an operator of upscale fitness clubs, will open a 121,000-square-foot athletic facility within Stableside at Falcon Landing, a 270,000-square-foot retail development in Katy. The facility will feature NBA-size basketball courts, yoga and Pilates studios, indoor and outdoor pools and a 12,000-square-foot kids club. Development of the center, which marks Phase II of Stableside at Falcon Landing, is expected to be complete by late summer 2019. Austin …

NXT Capital Provides $25M Acquisition Loan for Apartment Community in Austin

AUSTIN, TEXAS — NXT Capital has provided a $25 million acquisition loan for a 230-unit, Class B apartment community located roughly eight miles south of downtown Austin. Situated one mile east of Interstate 35, the unnamed property’s amenities include a clubhouse, business center, fitness center, after school program operated by a nonprofit organization, swimming pool, grilling area, playground and an on-site bus

Greystone Arranges $6.3M Sale of Skilled Nursing Facility in El Paso

EL PASO, TEXAS — Greystone’s Real Estate Advisors division has arranged the $6.3 million sale of Nazareth Living Care Center, a 124-bed skilled nursing facility located at 1475 Raynolds St. in El Paso. Chicago-based Mozart Healthcare LLC purchased the asset from Nazareth Hall, a nonprofit organization based in Texas. Mike Garbers and Cody Tremper of Greystone represented Nazareth Hall in the transaction. Paramount Healthcare is currently operating the community, which comprises two …

Balfour Beatty Renews 46,694 SF Office Lease in Dallas

DALLAS — Construction firm Balfour Beatty has renewed its 46,694-square-foot office lease at Citymark at Katy Trail, a 226,344-square-foot office development located in the Uptown area of Dallas. Balfour Beatty’s new lease will keep the company in its current space, in which approximately 200 employees work, for another 10 years. Amenities at the property include a deli, fitness center with locker rooms, conference rooms and access to the Katy Trail. Richard Collinsworth of Bradford …