Property Type

Crown-Centre-at-Castle-Hills-Lewisville-Texas

Bright Realty Breaks Ground on 109,000 SF Office Building in Greater Dallas

by Taylor Williams August 6, 2019

LEWISVILLE, TEXAS — Locally based developer Bright Realty has broken ground on Crown Centre at Castle Hills, a 109,000-square-foot office building located in the northern Dallas suburb of Lewisville. The four-story, Class A property will be situated within the Castle Hills development. 505Design and Corgan are the project architects; Hill + Wilkinson is the general contractor and LandDesign is the civil engineer and landscape architect. Prosperity Bank is providing construction financing. Completion is scheduled for summer 2020.

August 6, 2019

Development Hospitality Texas

Raymond Management to Develop 119-Room Marriott Hotel in Fort Worth

by Taylor Williams August 6, 2019

FORT WORTH, TEXAS — Raymond Management Co. will develop a 119-room Marriott Residence Inn at Waterside, a 63-acre mixed-use development in Fort Worth by Trademark Property Co. The property will be situated on approximately three acres along Arborlawn Drive at the south end of the development. Construction is scheduled to begin in the fourth quarter and to be complete by 2021.

August 6, 2019

Industrial Leasing Activity Texas

Logistics Firm Signs 362,288 SF Industrial Lease Renewal in Metro Dallas

by Taylor Williams August 6, 2019

DESOTO, TEXAS — Signature Global Logistics Inc. has signed a 362,288-square-foot industrial lease renewal at I-20 Corporate Center in DeSoto, a southern suburb of Dallas. Ryan Boozer of Stream Realty Partners represented the tenant in the lease negotiations. Bradford Cos. represented the landlord, Series A of CMDS Trust and H&H Paramount LP.

August 6, 2019

Acquisitions Multifamily New York Northeast

Eagle Rock Purchases 232-Unit Workforce Housing Property in Bay Shore, New York

by Alex Patton August 6, 2019

BAY SHORE, N.Y. — Eagle Rock Apartments has purchased Fairfield Courtyard at Bay Shore, a 232-unit workforce housing property in Bay Shore, a city located on Long Island. The sale included an arrangement in which Eagle Rock swapped its 80-unit Long Island property, The Preserve, with the seller for ownership of Fairfield Courtyard. Jeffrey Dunne, Gene Pride and Eric Apfel of CBRE represented the seller, an affiliate of Fairfield Properties, in the transaction, and also procured Eagle Rock as the buyer.

August 6, 2019

Leasing Activity Office Texas

NAI Partners Negotiates 8,720 SF Office Lease Renewal in Houston

by Taylor Williams August 6, 2019

HOUSTON — NAI Partners has negotiated an 8,720-square-foot office lease renewal for Greater Houston Interventional Pain Associates (GHIPA) at 4747 Bellaire Blvd. in Houston. This renewal allows GHIPA to capitalize on the new upgrades currently planned for The Offices at Pin Oak Park. Taylor Wright and Griff Bandy of NAI Partners represented the tenant in the lease negotiations.

August 6, 2019

REV-Fitness-Center-Kilroy-Sabre-Springs-San-Diego-CA

California Development Office Western

Ware Malcomb Completes Redevelopment of 450,000 SF Office Campus in San Diego

by Amy Works August 6, 2019

SAN DIEGO — Ware Malcomb, as architect and interior designer, has completed the redevelopment of the Kilroy Sabre Springs office campus, located at 13480, 13500 and 13520 Evening Creek Drive North in San Diego. The 450,000-square-foot campus features three six-story office towers, and the renovation project included the transformation of 30,000 square feet of lobbies, restrooms and common areas to activate multiple indoor and outdoor amenity spaces. The redeveloped campus features a new restaurant, The Florence by San Diego-based Legal Restaurants; a REV fitness center managed by DRNV Unlimited; and outdoor common areas, such as fire pits and a regulation-sized bocce ball court. DCT, Burger Construction and Bycor were the general contractors for the project.

August 6, 2019

Development Multifamily New Mexico Seniors Housing Western

Insight Senior Living Breaks Ground on 72-Unit Assisted Living, Memory Care Facility in Albuquerque

by Amy Works August 6, 2019

ALBUQUERQUE, N.M. — Insight Senior Living, based in West Linn, Ore., has broken ground on Amaran Senior Living, an assisted living and memory care community in Albuquerque. The project team includes Paaru Builders, Montessori ONE Academy and Dekker/Perich/Sabatini. Located at 9100 Holly Ave. NE, the 81,000-square-foot facility will feature 56 assisted living units and 16 memory care apartments. Units will include natural light, moveable kitchen islands, contemporary closet organizers, stainless steel appliances, smart home technology and individual washers/dryers. The community will include more than 15,000 square feet of amenity space, including multiple dining venues, a theater, fitness center, full-service spa and salon with private massage room, outdoor patios, walking paths, gardens and woodshop. Additionally, the facility will feature a clubroom with sky terraces and lounge, billiards and other multipurpose spaces. Sharing a campus with Montessori ONE Academy and Nido, a Montessori nursery, the Montessori-focused seniors housing property will be the first of its kind. The facility will combine Montessori methods and programming by Insight Senior Living will create space for inter-generational connections and independence. The facility is slated to open in fall 2020.

August 6, 2019

Acquisitions California Development Industrial Office Western

Seefried Properties, Crow Holdings Acquire 24-Acre Site for Industrial Development in Riverside

by Amy Works August 6, 2019

RIVERSIDE, CALIF. — Seefried Properties, in partnership with Crow Holdings, has purchased a 24-acre site within Meridian Business Park, a 1,290-acre master-planned commerce and distribution center in Riverside. The buyers plan to develop three fully entitled speculative buildings totaling 375,000 square feet on the site. The buildings will feature 32-foot clear heights, 60 trailer spaces, 65 dock doors and 387 auto stalls. Construction is slated to begin in November with completion scheduled for second-quarter 2020. Phil Lombardo, Chuck Belden and Andrew Starnes of Cushman & Wakefield, along with Joe McKay and Chris Morrell of Lee & Associates, handled the transaction for Seefried Properties and Crow Holdings.

August 6, 2019

Acquisitions Nevada Retail Western

Colliers Arranges $3M Acquisition of Multi-Tenant Retail Property in North Las Vegas

by Amy Works August 6, 2019

NORTH LAS VEGAS — Colliers International has arranged the purchase of The Craig Shops, a multi-lessee retail building located at 3052 W. Craig Road in North Las Vegas. Meyer S.F. Partners LP acquired the 8,000-square-foot property from an undisclosed seller for $3 million. David Grant of Colliers represented the buyer in the deal.

August 6, 2019

Acquisitions Colorado Multifamily Western

Nexus Commercial Brokers $1.3M Sale of Multifamily Property in Denver

by Amy Works August 6, 2019

DENVER — Nexus Commercial Realty has arranged the sale of a multifamily property located at 2945 N. Irving St. in Denver. Irving Properties LLC sold the 4,794-square-foot asset to Irving 29 LLC for $1.3 million. Brandon Kaufman of Nexus represented the buyer, while Gunnar Wilson and Jason Koch of Nexus represented the seller in the transaction.

August 6, 2019

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