Property Type

Hunt Mortgage Provides $51.5M in Refinancing for Two Multifamily Properties in Carolinas

by Camren Skelton July 11, 2017

CHARLOTTE, N.C. AND COLUMBIA, S.C. — Hunt Mortgage Group has provided $51.5 million in financing for two apartment communities in the Carolinas — $31.9 million for the refinancing of Highlands at Alexander Pointe in Charlotte and $19.6 million for the refinancing of Carrington Place at Wildewood in Columbia. Hunter Mortgage Group arranged the seven-year, adjustable-rate loans through Freddie Mac on behalf of the borrower, an undisclosed national real estate fund. Built in 2002, Highlands at Alexander Pointe features a fitness center, clubhouse, grill area, pool, laundry center and a dog park. Constructed in 2005, Carrington Place at Wildewood includes a fitness center, grill area, pool, laundry center, playground and a dog park.

July 11, 2017

North Carolina Retail Southeast

Sembler Co. to Develop Publix-Anchored Shopping Center in Metro Raleigh

by Camren Skelton July 11, 2017

CARY, N.C. — The Sembler Co. has unveiled plans to develop a 72,000-square-foot, Publix-anchored shopping center in Cary, roughly 11 miles west of Raleigh. The project, which will be known as Amberly Place, is situated on 22 acres of land at the northwest corner of Greenlevel Church and Carpenter Fire Station roads. The Sembler Co. has developed approximately 325 projects totaling 27 million square feet.

July 11, 2017

Healthcare Maryland Office Southeast

Avison Young Arranges $24M Sale of Medical Office Building in Metro D.C.

by Camren Skelton July 11, 2017

SILVER SPRING, MD. — Avison Young has negotiated the $24 million sale of Forest Glen, a 62,379-square-foot medical office building situated on the Holy Cross Hospital campus in Silver Spring, roughly six miles north of Washington, D.C. Jim Kornick, Chip Ryan, Mike Wilson, Erik Foster and Mark Johnson of Avison Young arranged the sale on behalf of the buyer, Healthcare Realty. The Nashville-based REIT purchased the asset from a joint venture between Washington, D.C.-based developer Foulger-Pratt and a global investment firm.

July 11, 2017

Healthcare Texas

Scott & Reid to Lead $10M Renovation of Texas Medical Center Tower in Houston

by Taylor Williams July 11, 2017

HOUSTON — Dallas-based Scott & Reid General Contractors plans to renovate Museum Medical Tower, a 177,476-square-foot medical office tower located at 1213 Hermann Drive on the north side of the Texas Medical Center in Houston. The $10 million renovation plan includes upgrading the building’s façade, main entrance, roof and landscaping. The overhaul will also deliver systems upgrades and three new suites ranging from 1,700 to 2,244 square feet in size.

July 11, 2017

Hospitality Texas

Marriott Opens 304-Room Renaissance Hotel at Legacy West in Plano

by Taylor Williams July 11, 2017

PLANO, TEXAS — Marriott International has opened the Renaissance Dallas at Plano Legacy West Hotel, a 304-room hospitality asset located within the $3 billion Legacy West development in Plano. Developed by Plano-based Sam Moon Group, the hotel features an on-site Asian fusion restaurant, an indoor/outdoor lobby bar, pool, fitness center and luxury spa and 26,000 square feet of meeting space.

July 11, 2017

Industrial Texas

JLL Negotiates 140,695 SF Industrial Lease in Houston

by Taylor Williams July 11, 2017

HOUSTON — JLL has negotiated a 140,695-square-foot industrial lease in Houston on behalf of LSI Industries, an Ohio-based manufacturer of LED lighting solutions. The company will operate out of a 264,461-square-foot building located at 14902 Sommermeyer Road in Prologis Park — West by Northwest. Jeff Venghaus of JLL represented LSI Industries in the lease negotiations.

July 11, 2017

Office Texas

C-III Extends 57,000 SF Office Lease at Williams Square in Irving

by Taylor Williams July 11, 2017

IRVING, TEXAS — C-III Asset Management, a subsidiary of investment firm C-III Capital Partners, has extended its 57,000-square-foot office lease within The Towers at Williams Square, a four-building development located at 5221 N. O’Connor Blvd. in Irving. The company’s footprint within the Class A property will cover two floors. Tom Lynn and Zach Stevens of NAI Robert Lynn represented C-III in the lease negotiations. Bill Brokaw of Hillwood represented the landlord.

July 11, 2017

Loans Multifamily Oklahoma Texas

BMC Capital Secures $2M Acquisition Loan for 80-Unit Multifamily Property in Moore, Oklahoma

by Taylor Williams July 11, 2017

MOORE, OKLA. — BMC Capital has secured a $2 million loan for the acquisition of an 80-unit multifamily property in Moore, a southern suburb of Oklahoma City. Clayton Wells of BMC arranged the 10-year loan, which features a 4.1 percent interest rate, and 30-year amortization schedule, on behalf of the undisclosed borrower.

July 11, 2017

California Loans Office Western

Alcion Ventures Receives $60M Refinancing for Blackwelder Creative Office Campus in LA

by Nellie Day July 11, 2017

LOS ANGELES — Alcion Ventures has received $60 million to refinance debt on Blackwelder, a 157,560-square-foot creative office campus in Los Angeles. The campus is situated at the intersection of Fairfax Avenue and La Cienega Boulevard, adjacent to Culver City. Blackwelder was renovated in phases, which commenced in 2007. It contains 19 low-rise buildings on more than six acres. HFF”s Mark Wintner and Doug Bond arranged the financing. Heitman LLC provided the three-year, floating-rate loan.

July 11, 2017

Multifamily Nevada Seniors Housing Western

Chicago Pacific Founders Acquires 160-Unit Seniors Housing Community in Las Vegas

by Nellie Day July 11, 2017

LAS VEGAS — Chicago Pacific Founders (CPF) and its subsidiaries, CPF Living Communities and Grace Management Inc., have acquired Acacia Springs, a 160-unit seniors housing community in Las Vegas. This is CPF Living’s third property in the state of Nevada. Grace Management will take over operations of the community. The property is near the Red Rock Casino and 13 miles from the Las Vegas strip. The sale price was not disclosed, but Aron Will of CBRE National Senior Housing arranged $13.5 million in Fannie Mae acquisition financing for the deal. The seven-year, non-recourse loan features 3.5 years of interest-only payments.

July 11, 2017

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