Property Type

Rosewood, Trinsic Residential to Develop 339-Unit Aura Avery Ranch Apartments in Austin

by Taylor Williams August 4, 2020

AUSTIN, TEXAS — A partnership between two Dallas-based firms, Rosewood Property Co. and Trinsic Residential Group, will develop Aura Avery Ranch, a 339-unit apartment community that will be located on the north side of Austin. Designed by Davies Collaborative, the property will be built on 16.1 acres and will offer amenities such as a pool, fitness center, dog park and a resident clubhouse. The first units are expected to be available for lease by spring 2021, and full completion is slated for 2022.

August 4, 2020

Development Multifamily Texas

Presidium Begins Leasing 272-Unit Apartment Community at Pecan District in Metro Austin

by Taylor Williams August 4, 2020

PFLUGERVILLE, TEXAS — Texas-based developer Presidium has begun leasing Presidium The Pecan District, a 272-unit apartment community in the northern Austin suburb of Pflugerville. The property represents Phase I of the Texas-based developer’s Pecan District mixed-use project, a multi-phase project that will feature more residential units, office space and retail and restaurant space. Mark Odom Studios designed the apartment community, which features one- and two-bedroom units and amenities such as a pool, fitness center, coworking spaces, a game lounge and an outdoor kitchen. Full completion is scheduled for September.

August 4, 2020

Loans Multifamily Texas

Hunt Real Estate Capital Provides $11M Loan for Refinancing of Dallas Multifamily Asset

by Taylor Williams August 4, 2020

DALLAS — Hunt Real Estate Capital has provided an $11 million loan for the refinancing of Buckner Village Apartments, a 172-unit multifamily asset in Dallas. Built in 1972, Buckner Village Apartments is a garden-style workforce housing community that was approximately 98 percent occupied at the time of the loan closing. The loan carried a fixed interest rate and a 12-year term with two years of interest-only payments. Duke Stone of Churchill Capital placed the loan on behalf of the borrower, Texas-based JAG Acquisitions LLC.

August 4, 2020

Acquisitions Industrial Self-Storage Texas

SkyView Advisors Arranges Sale of 908-Unit Self-Storage Facility in North Dallas

by Taylor Williams August 4, 2020

DALLAS — SkyView Advisors, a Tampa-based self-storage brokerage firm, has arranged the sale of a 908-unit Extra Space Storage facility located at 7701 Banner Drive in north Dallas. The property is situated on a 1.1-acre lot and spans 77,162 net rentable square feet. Ryan Clark of SkyView Advisors represented the undisclosed seller in the transaction. The buyer and sales price were also undisclosed.

August 4, 2020

Acquisitions Industrial Texas

Stream Realty Brokers Sale of 33,620 SF Industrial Building in Dallas

by Taylor Williams August 4, 2020

DALLAS — Stream Realty Partners has brokered the sale of a 33,620-square-foot industrial building located at 10379 Plano Road in Dallas. According to LoopNet Inc., the single-tenant property was built on 2.3 acres in 2012 and features 24-foot clear heights. Ryan Wolcott and Adam Jones of Stream Realty Partners represented the buyer, Primos Unlimited LLC, in the transaction. Marshall Cooper of Cooper Commercial Inc. represented the seller, 10379 Plano Rd LLC.

August 4, 2020

Development Illinois Midwest Retail

Englewood Construction Completes Cannabis Dispensary in Chicago

by Kristin Harlow August 4, 2020

CHICAGO — Englewood Construction has completed a new Windy City Cannabis-branded dispensary at 923 W. Weed St. in Chicago. The facility is the second recreational dispensary within Chicago’s city limits since Illinois legalized recreational marijuana on Jan. 1. Des Plaines, Ill.-based Camburas & Theodore Ltd. served as architect. Englewood has started work on a second Windy City Cannabis location at 1413 W. North Ave. in Melrose Park, a western suburb of Chicago. The dispensary is slated to open in September. Bill Di Santo, president of Lemont, Ill.-based Englewood, says that that the construction of cannabis projects is currently a bright spot for the firm given “a strong pipeline of work.”

August 4, 2020

Industrial Midwest Missouri

Hunt Midwest Unveils Promotions, New Hires to Support Volume of Industrial Projects

by Kristin Harlow August 4, 2020

KANSAS CITY, MO. — Kansas City-based developer Hunt Midwest has promoted two members of its management team and hired three new employees. The move is in effort “to support the volume of development projects underway and in the pipeline,” according to a release from the company. Earlier this year, Hunt Midwest completed construction of 400,000 square feet of speculative Class A industrial space at SubTropolis, the world’s largest underground business complex. The addition brought the amount of leasable space in SubTropolis to more than 6.5 million square feet. There is more than 7.5 million square feet available for development at the site. Justin White has been promoted to senior director of operations and will continue oversight of facilities, security, property management and capital improvements for SubTropolis. Tony Borchers has been promoted to senior director of acquisitions and development. Borchers was instrumental in expanding Hunt Midwest’s industrial footprint to Louisville, Ky. Tyler Schyvinck has joined the commercial division as manager of facilities. He will supervise ongoing maintenance, light construction and grounds operations for SubTropolis and portions of the Hunt Midwest Business Center. Bret Richardson has joined the corporate services division as asset manager. He will guide third-party management and operations of …

August 4, 2020

Development Hospitality Illinois Midwest

88-Room Hampton Inn Hotel Opens at East Court Village in Pekin, Illinois

by Kristin Harlow August 4, 2020

PEKIN, ILL. — An 88-room Hampton Inn & Suites hotel has opened at East Court Village in Pekin, about 10 miles south of Peoria. The four-story property is located at 3445 Court St. Amenities include a free hot breakfast, Wi-Fi, on-site parking, a heated indoor pool, fitness center and meeting spaces. The pool will open to guests soon. Face masks are currently required in all indoor public areas of the hotel for guests and employees. In 2016, Marigold Lodging purchased the 2.8-acre parcel for the hotel from Cullinan Properties Ltd., which owns and manages East Court Village, a regional power center.

August 4, 2020

Leasing Activity Michigan Midwest Restaurant Retail

Beyond Juicery + Eatery to Open at Troy Marketplace in Metro Detroit

by Kristin Harlow August 4, 2020

TROY, MICH. — Beyond Juicery + Eatery has signed a 1,104-square-foot lease at Troy Marketplace. The juicer will occupy space that formerly housed Menchie’s Frozen Yogurt. The retail center is located at the intersection of Big Beaver and Rochester roads in Troy, about 20 miles north of Detroit. Tjader Gerdom, Michael Murphy and Larry Siedell of Gerdom Realty & Investment represented the landlord, RPT Realty, in the lease negotiations. William Gershenson of Gershenson Group represented Beyond Juicery + Eatery.

August 4, 2020

Development Hospitality Illinois Midwest

Developer Buys 2.6-Acre Site in Gurnee, Illinois, Plans to Build Hotel

by Kristin Harlow August 4, 2020

GURNEE, ILL. — An unnamed developer has purchased a 2.6-acre parcel at 5742 Northridge Drive in Gurnee near Waukegan for $1 million. The buyer plans to build a hotel at the site, which includes a 24,000-square-foot, single-story building. The site is near Gurnee Mills, Six Flags and Great Wolf Lodge. Paul Cawthorn and Angelo Labriola of SVN | Chicago Commercial represented the undisclosed seller in the transaction.

August 4, 2020

Newer Posts

Older Posts