Property Type

Hines, Qatari Diar Open 360-Room Conrad Hotel in CityCenterDC

by Alex Tostado March 27, 2019

WASHINGTON, D.C. — Developer Hines and investor Qatari Diar have delivered Conrad Washington, D.C., a 360-room, 10-story hotel. Situated at 950 New York Ave. NW, the hotel is the hospitality component of CityCenterDC, a 10-acre mixed-use neighborhood in downtown Washington, D.C. The Conrad line is a luxury brand within the Hilton Hotels & Resorts family. The Conrad features 30,000 square feet of ground-level retail and 32,000 square feet of meeting space. Other amenities include James Beard Award recipients and “Top Chef” finalists, Bryan and Michael Voltaggio’s seafood restaurant called Estuary; Summit The Rooftop at Conrad, an event terrace; and Sakura Club, a lounge on the 10th floor. The design team included Herzog & de Meuron, production architect and hotel consultant HKS Inc., exacting interiors architect Rottet Studio and landscape architecture firm Gustafson Guthrie Nichol. Hilton Management Services will manage the hotel.

March 27, 2019

Acquisitions Multifamily North Carolina Southeast

Blaze Partners Acquires 250-Unit Apartment Community in Charlotte

by Alex Tostado March 27, 2019

CHARLOTTE, N.C. — Blaze Partners has acquired The Gibson, a 250-unit apartment community in Charlotte’s Plaza Midwood neighborhood. Delivered in 2015 by Pollack Shores Real Estate, the property offers one-, two- and three-bedroom floor plans. Community amenities include a swimming pool, outdoor recreation area, courtyard with a firepit, grilling stations, fitness studio and a clubhouse. The seller and sales price were not disclosed.

March 27, 2019

Development District of Columbia Multifamily Southeast

MAC Realty Advisors Arranges $15M Equity Investment for D.C. Apartment Renovation

by Alex Tostado March 27, 2019

WASHINGTON, D.C. — MAC Realty Advisors has arranged an equity partner for Channel Square Apartments, a 232-unit affordable housing community in Washington, D.C., that is owned by Somerset Development Co. and NHT Communities. The Jonathan Rose Cos. invested $15 million in the renovation of the property, situated at 325 P St. SW, about three miles south of downtown Washington, D.C. The renovation included a $1.3 million solar energy system. Andrew McAllister, Bruce Levin and Nick Rubenstein of MAC Realty Advisors arranged the financing on behalf of Somerset and NHT Communities.

March 27, 2019

Development Multifamily North Carolina Southeast

Mattoni Group Invests $9.3M in Multifamily Development in Charlotte

by Alex Tostado March 27, 2019

CHARLOTTE, N.C. — The Mattoni Group has invested $9.3 million in the construction of Middleburg’s Mosby University City, a 309-unit apartment community in Charlotte. The property will comprise six four- and five-story buildings spanning 14 acres. Interior amenities will include Nest Thermostats and Bluetooth keyless entry. Mosby University City will be located about two miles from the University of North Carolina at Charlotte and across from a recently opened LYNX Blue Line light rail stop. Mosby University City is the first joint venture between Mattoni Group and Middleburg. Telly Fathaly and Elliot Howell of Walker & Dunlop arranged the equity financing. A timeline for construction was not disclosed.

March 27, 2019

Development Mixed-Use Texas

DC Partners, Tianqing Underway on $454M Mixed-Use Project in Houston

by Taylor Williams March 27, 2019

HOUSTON — A partnership between Houston-based DC Partners and China-based Tianqing Real Estate Development is underway on The Allen, a $454 million mixed-use project located near downtown Houston. According to the project website, The Allen will include five towers offering 300,000 square feet of office space, 165 hotel rooms, 99 for-sale condominiums and an unspecified amount of retail space. HOK is designing the project, Phase I construction of which began during the fourth quarter of 2018.

March 27, 2019

Development Industrial Office Texas

South Korean Tech Firm to Build $45M Headquarters in Kyle, Texas

by Taylor Williams March 27, 2019

KYLE, TEXAS — South Korea-based ENF Technology Co., Ltd., a leading provider of electronic materials to Samsung and the U.S. high-tech market, will build a $45 million headquarters and advanced manufacturing facility in Kyle, about 20 miles south of downtown Austin. The 100,000-square-foot facility, construction of which is expected to be complete in 2020, will be situated on 25 acres within the Plum Creek master-planned community. The company expects to hire 45 to 50 new workers in the short term and could expand to 80 employees in the future. ENF’s facility will also serve large tech firms like Micron, Texas Instruments and Intel. Jerry Heare, SIOR at Austin-based Commercial Industrial Properties, represented ENF in the site selection.

March 27, 2019

Development Hospitality Texas

Sam Moon Group Tops Off 18-Story Hotel in Frisco

by Taylor Williams March 27, 2019

FRISCO, TEXAS — Developer Sam Moon Group is topping off the Hyatt Regency Stonebriar, an 18-story hotel in Frisco. Located near Dr. Pepper Ballpark, the 303-room hotel is attached to the Stonebriar Centre Mall and features a 54,585-square-foot conference center. Brasfield & Gorrie is the general contractor and HKS Inc. is the architect. Completion is slated for late spring 2020.

March 27, 2019

Development Healthcare Office Texas

Worth Breaks Ground on Office, Medical Buildings Totaling 220,000 SF in San Antonio

by Taylor Williams March 27, 2019

SAN ANTONIO — Worth & Associates has broken ground on two commercial properties totaling 220,000 square feet in San Antonio. RidgeWood Plaza II will be a 123,000-square-foot office building that will be situated on 15 acres, and TSAOG’s Ridgewood Orthopaedic Center will be a 97,000-square-foot medical facility. Both projects, which are situated within RidgeWood Park, are slated for a summer 2020 completion. The site also features two restaurant pad sites fronting U.S. Highway 281.

March 27, 2019

Acquisitions Industrial Texas

Wilks Heritage Sells Three Industrial Buildings Totaling 72,476 SF in Fort Worth

by Taylor Williams March 27, 2019

FORT WORTH, TEXAS — Wilks Heritage Group LLC has sold three industrial buildings totaling 72,476 square feet within IH-20 West Business Park in Fort Worth. The buyer was a partnership between Fort Worth-based Corinth Land Co. and Prattco Creekway Industrial (PCI). Investors Royalty Inc., a subsidiary of Corinth, provided equity for the transaction and Simmons Bank originated acquisition financing. The partnership now owns more than 500,000 square feet of industrial space in North Texas.

March 27, 2019

Conference Coverage Features Retail Western Western Feature Archive

Key to Successful Retail? Know your Community, Says InterFace San Diego Panel

by Amy Works March 27, 2019

Being in tune with one’s self is always a positive thing — and San Diego seems to thrive at this. The county has such a keen sense of awareness that it even boasts a Self-Realization Center up in Encinitas. Knowing one’s identity extends beyond the spiritual world in this part of California, however. It is also a prudent retail strategy, as panelists at InterFace Conference Group’s San Diego Retail Conference, held March 19 at the Sheraton Hotel & Marina, attested. For retailers and shopping center owners, self-realization centers around your brand’s message. What’s your history? What are your core values? What story are you trying to tell, and what lifestyle are you trying to sell? These answers are important, as they will likely determine your physical location and potential success with that San Diego consumer. This, naturally, also means that retailers and shopping center owners must be just as knowledgeable about their consumer and submarkets as the consumers are about themselves. “We have to go back to the fundamentals that every property is different, every submarket is different,” said Pat Donahue, chairman and CEO of Donahue Schriber and a developer panelist. “We’re in a world where mall operators wanted to …

March 27, 2019

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