Property Type

RealtyLink, Oakridge Underway on 190,000 SF Retail Development in Terrell, Texas

by Taylor Williams August 16, 2018

TERRELL, TEXAS — A partnership between South Carolina-based RealtyLink and Dallas-based Oakridge Investments is underway on the construction of Crossroads at Terrell, a 190,000-square-foot retail development in Terrell, about 28 miles east of downtown Dallas. The property will be anchored by a 74,000-square-foot Film Alley Movie Entertainment Center that is scheduled to open in 2019. New tenants including Hobby Lobby, Ross Dress for Less, Five Below, Chick-fil-A and Rack Room Shoes are slated to open at the development in spring 2019. Andrew Lehner of CBRE is marketing the property on behalf of the developers.

August 16, 2018

Acquisitions Multifamily Texas

CBRE Negotiates Sale of 1,331-Unit Multifamily Portfolio in Houston

by Taylor Williams August 16, 2018

HOUSTON — CBRE has negotiated the sale of a portfolio of three multifamily communities totaling 1,331 units in Houston. The properties, which had an average overall occupancy of 91 percent at the time of sale, are Westchase Estates, Westchase Grand and Westchase Preserve. Matt Phillips and Clint Duncan of CBRE represented the seller, a partnership between Ascension Commercial Real Estate and Moriah Group, in the transaction. Michael Thompson of CBRE arranged acquisition financing for the deal on behalf of the buyer, The Valcap Group LLC.

August 16, 2018

Development Mixed-Use Texas

Stratus Properties to Develop 54-Acre Mixed-Use Project in Kingwood, Texas

by Taylor Williams August 16, 2018

KINGWOOD, TEXAS — Austin-based Stratus Properties Inc. will develop Kingwood Place, a 54-acre mixed-use project in Kingwood, a 14,000-acre master-planned community located northeast of Houston. The project, which will be anchored by a 103,000-square-foot H-E-B grocery store, will also feature 41,000 square feet of additional retail space and approximately 300 multifamily units. Construction is scheduled to begin in November.

August 16, 2018

Acquisitions Multifamily Texas

37th Parallel Acquires 224-Unit Apartment Community in San Antonio

by Taylor Williams August 16, 2018

SAN ANTONIO — 37th Parallel Properties, a Virginia-based multifamily investment firm, has acquired Summit of Thousand Oaks, a 224-unit multifamily community in San Antonio. Built in 1983, the property consists of 144 one-bedroom units and 80 two-bedroom apartments. Amenities include a pool and a fitness center. The new ownership will add new retaining walls and landscaping, as well as upgrade the leasing center and unit interiors. Cutt Ableson of Berkadia arranged a Freddie Mac green loan for the transaction, the seller in which was not disclosed.

August 16, 2018

Acquisitions Multifamily Texas

Marcus & Millichap Brokers Sale of 184-Unit Apartment Property in Fort Worth

by Taylor Williams August 16, 2018

FORT WORTH, TEXAS — Marcus & Millichap has brokered the sale of Village Creek Townhomes, a 184-unit multifamily property in Fort Worth. The community was built in 1970 and rebuilt in 1994 to offer two-, three- and four-bedroom floor plans. Al Silva of Marcus & Millichap represented the seller, a Dallas-based private investment group, in the transaction. Silva also procured the buyer, a Texas-based partnership. Both parties requested anonymity.

August 16, 2018

Colorado Development Multifamily Western

Origin Investments, SEEC Enterprises to Develop 150-Unit Brick Stone Apartments in Denver

by Amy Works August 16, 2018

DENVER — Chicago-based Origin Development has partnered with Boulder-based SEEC Enterprises to develop Brick Stone Apartments on 56th Street, a garden-style multifamily development in a burgeoning corridor of Denver. Situated on 5.5 acres, the $35 million Brick Stone Apartments will comprise seven three-story buildings, a clubhouse and a pool house. The 150-unit community will feature 42 one-bedroom/one-bath units, averaging 735 square feet; 78 two-bedroom/two-bath units, averaging 1,035 square feet; and 30 three-bedroom/two-bath units, averaging approximately 1,350 square feet. In-unit amenities will include stainless steel appliances, in-unit washer and dryer, designer cabinets, walk-in closets and high-speed connectivity. Community amenities will include a fitness center, swimming pool, and entertainment features such as dog and bike wash stations and direct access to the First Creek trail. Brick Stone Apartments is expected to be delivered in phases beginning in the second quarter of 2019.

August 16, 2018

California Development Retail Western

Lewis Retail Centers Opens First Portion of 430,000 SF Renaissance Marketplace in Rialto

by Amy Works August 16, 2018

RIALTO, CALIF. — Lewis Retail Centers, part of the Lewis Group of Companies, has opened the first portion of Renaissance Marketplace, a 430,000-square-foot shopping, dining and entertainment center located off the 210 Freeway in Rialto. Anchored by a 13-screen Cinemark Theatres, a 38,000-square-foot 24 Hour Fitness and a 43,000-square-foot Burlington, the center features modern architecture, tenanting and marketing specifically for today’s millennials. Additional signed tenants include The Habit, California Fish Grill, Ahi Poke Bowl, Pho ’77, Panera Bread and Septembers Taproom and Grill, Five Below, Ross Dress for Less and a Grocery Outlet. Currently, six tenants are open, and an additional 26 tenants are scheduled to open in September.

August 16, 2018

4846-4854-Valley-View-Ave-Yorba-Linda-CA

Acquisitions California Retail Western

CBRE Arranges $7.8M Sale of Three-Building Retail Center in Yorba Linda

by Amy Works August 16, 2018

YORBA LINDA, CALIF. — CBRE has brokered the sale of The Shops at Yorba Linda, a three-building center located at 4846-4854 Valley View Ave. in Yorba Linda. Solana Beach-based Midtown National Group sold the property to Los Angeles-based San Jose Central Travel for $7.8 million. At the time of sale, the property was fully occupied by a mix of quick-serve restaurants, service tenants, unique retailers and a Dunkin Donuts drive-thru. Sam Alison, Mike Philbin, Amar Goli and Patrick Larimore of CBRE represented both the seller and buyer in the transaction.

August 16, 2018

Acquisitions Colorado Multifamily Western

Pinnacle Real Estate Negotiates $2.8M Sale of Multifamily Property Near Denver

by Amy Works August 16, 2018

WHEAT RIDGE, COLO. — Pinnacle Real Estate Advisors has arranged the sale of a multifamily property located at 6050-6054 W. 38th Ave. in Wheat Ridge, a western suburb of Denver. A local buyer acquired the asset for $2.8 million, or $149.55 per square foot. The asset includes a 19-unit multifamily building and 27 garages/storage units. Josh Newell of Pinnacle Real Estate represented the buyer and undisclosed seller in the deal.

August 16, 2018

Acquisitions Arizona Multifamily Western

Taylor Street Real Estate Brokers $2.7M Sale of Estilo Apartments in Phoenix

by Amy Works August 16, 2018

PHOENIX — Taylor Street Real Estate Advisors has arranged the sale of Estilo Apartments, a multifamily community in Central Phoenix. A local private capital investment partner sold the property to an undisclosed buyer for $2.7 million, or $178,333 per unit. Brian Tranetzki and Eric Thomas of Taylor Street Real Estate Advisors represented the seller, while CBRE represented the buyer in the transaction. Located at 3025 N. 38th St., Estilo Apartments features 15 renovated apartments with polished concrete floors, new kitchens and bathrooms, new stainless-steel appliance packages, new in-suite full-size washer and dryers, double-pane windows and modern customer doors. Additional improvements include new roofs, landscaping and a modern paint scheme.

August 16, 2018

Newer Posts

Older Posts