Property Type

Life Care Services, Westminster Funds to Add 24-Unit Independent Living Neighborhood to CCRC in Phoenix

by Nellie Day September 13, 2016

PHOENIX — Life Care Services and Westminster Funds, the joint venture owners of Sagewood, a continuing care retirement community in Phoenix, have announced plans to add a 24-unit independent living neighborhood to the community’s campus. The addition to Sagewood will be named The Estates. The expansion includes a mix of villas, single homes and duplexes, as well as a 15,000-square-foot event center. When The Estates is completed, the CCRC will feature 316 independent living units. The owners also recently expanded Sagewood’s onsite Acacia Health Center. A timeline for the expansion was not disclosed.

September 13, 2016

California Restaurant Retail Western

Ballast Point Tasting Room & Kitchen to Open in Long Beach

by Nellie Day September 13, 2016

LONG BEACH, CALIF. — Ballast Point Brewing & Spirits is set to open a new 11,427-square-foot brewery at 110 N. Marina Drive, adjacent to Alamitos Bay Landing in Long Beach’s Seaport Village. Ballast Point Tasting Room & Kitchen will be the brewer’s largest location and will offer seating for 670 customers. The location will feature three bars and a large outdoor patio offering views of Catalina, Seal Beach and Alamitos Bay. Keith Kropfl and Michael Ganz of Avison Young and Jeff Chasin of Voit Real Estate Services represented Ballast Point as well as the landlord, Bancap Seaport Village Inc., in the leasing transaction.

September 13, 2016

California Mixed-Use Multifamily Retail Western

Marcus & Millichap Arranges Sale of 5,104-Square-Foot Mixed-Use Building in LA for $1.1M

by Nellie Day September 13, 2016

LOS ANGELES — Marcus & Millichap has arranged the $1.1 million sale of a 5,104-square-foot mixed-use retail and multifamily property at 4650 W. Adams Blvd. in Los Angeles. Floyd Shaheen and Daniel Hirth of Marcus & Millichap represented the seller, an undisclosed partnership, and secured and represented the buyer, an undisclosed individual trust, in the transaction.

September 13, 2016

California Retail Western

Petco Opening 13 New Stores in September

by Nellie Day September 13, 2016

SAN DIEGO — Petco will open 13 new stores across the country and relocate one store in Paso Robles, Calif., in September. In addition, the company will also transition 31 existing Unleashed by Petco stores to smaller format stores this month. The rebranding of 31 select Unleashed by Petco stores are located primarily in Colorado, Georgia and Texas. The stores will transition to smaller format Petco stores. In addition, based on consumer feedback and demand, UnleashedbyPetco.com will become an informational site for consumers, with all online product sales moving to Petco.com. The former Unleashed by Petco locations will continue to operate as smaller format Petco stores and will include most of the same brands, products and amenities — such as self-serve dog wash and dog training services — that are available under the Unleashed by Petco banner. Petco operates more than 1,470 Petco and Unleashed by Petco locations across the U.S., Mexico and Puerto Rico.

September 13, 2016

Hospitality Mixed-Use Multifamily Texas

Gables Residential to Develop Gables Republic Square Mixed-Use Project in Austin

by Haisten Willis September 13, 2016

AUSTIN, TEXAS — Gables Residential plans to develop Gables Republic Square, a 24-story, Class A mixed-use residential and hotel project in downtown Austin. HFF arranged joint venture equity for the project through The Carlyle Group on behalf of Gables Residential. Due for completion in early 2019, Gables Republic Square will be located at 400 Lavaca St. and will include 221 residential units, along with a separately owned, 159-key Hotel ZaZa. The residential component will feature a ground-floor lobby with residential units located on floors 13 through 24. The Hotel ZaZa lobby, valet, bar and spa will occupy the ground floor, while the hotel ballroom, restaurant and swimming pool will be located on floor seven and guest rooms on floors eight through 12. Floors two through six of the property will be reserved for residential parking, and two levels of subgrade parking will be reserved for the hotel. The residential units will feature granite or quartz countertops, stainless steel appliances, in-unit washers and dryers, wood or wood laminate flooring and balconies. Residents will have access to a rooftop amenity area featuring views of the city, as well as a swimming pool, hot tub, outdoor kitchen, fireplace, clubroom, library and fitness center.

September 13, 2016

Office Texas

American College of Emergency Physicians Opens New Headquarters in Irving

by Haisten Willis September 13, 2016

IRVING, TEXAS — The American College of Emergency Physicians (ACEP) has opened its new headquarters facility in Irving. ACEP is a national medical specialty organization representing physicians who practice emergency medicine. The new facility encompasses 60,000 square feet at 4950 W. Royal Lane and includes offices for roughly 150 ACEP executives, staff and volunteers. The space also provides training, meeting and collaboration space and an on-site walking trail. Dallas-based architecture and interior design firm BOKA Powell designed the building and Structure Tone Southwest was the project’s general contractor. The ACEP headquarters project team also included Swearingen Realty Group (brokerage/interiors project management), Cawley Partners (developer), RLG Consulting Engineers (civil and structural engineering), Purdy-McGuire Inc. (mechanical, electrical and plumbing engineering) and Belle Firma (landscape design). ACEP employees moved into the space in late August.

September 13, 2016

Multifamily Texas

M&M Arranges Sale of 70-Unit Apartment Building in Dallas

by Haisten Willis September 13, 2016

DALLAS — Marcus & Millichap has arranged the sale of Timberbrook Apartments, a 70-unit apartment property located in Dallas. John Barker and Daniel Burton of Marcus & Millichap’s Fort Worth office marketed the property on behalf of the seller, a limited liability company. Barker also secured the buyer, an individual/personal trust. The 69,745-square-foot property sits on 3.1 acres at 2468 Laughlin Drive and consists of eight, two-story brick buildings featuring pitched roofs.

September 13, 2016

Restaurant Retail Texas

Nobu, Fig & Olive to Debut at the Houston Galleria

by Haisten Willis September 13, 2016

HOUSTON — Restaurants Nobu and Fig & Olive will open at The Galleria in Houston. The property, which is owned by Simon Property Group, includes more than 75 retail stores and restaurants. Nobu, in a transaction that was brokered by RKF, will open its first location in Houston and second in Texas at The Galleria in fall 2017. The restaurant will serve Peruvian-Japanese fusion cuisine in a 10,000-square-foot space formerly occupied by Saks Fifth Avenue. New York-based Fig & Olive is a French-style restaurant that will also open in fall 2017. It will be the brand’s first location in Texas and the lease was also brokered by RKF. Fig & Olive will occupy more than 7,000 square feet.

September 13, 2016

Retail Texas

Daiso Japan to Open New Location in Plano in Late September

by Haisten Willis September 13, 2016

PLANO, TEXAS — Daiso Japan, a retail store known for selling items for $1.50, has scheduled a grand opening celebration weekend for its Plano store on Friday and Saturday, Sept. 23-24. The Plano Daiso store is located at 101 W. Spring Creek Parkway, Suite 731. Daiso operates 3,300 stores worldwide with a total of 44 stores in the United States, and plans to open 20 stores throughout Texas. The company’s first Texas location opened last summer in the Dallas suburb of Carrollton.

September 13, 2016

Florida Hospitality Southeast

PRISA, Peachtree Hotel Group to Develop Three Hotels in Florida

by John Nelson September 13, 2016

ORLANDO AND TAMPA, FLA. — The PRISA Group and Peachtree Hotel Group have partnered to develop three hotels in Florida, including a dual-branded hotel development in Orlando and a new hotel in Tampa’s Westshore district. The properties include the dual-brand SpringHill Suites by Marriott Orlando/Mall at Millenia and Residence Inn by Marriot Orlando/ Mall at Millenia and the 175-room AC Hotel by Marriott Tampa/Airport – Westshore. The dual-branded project will feature 120 SpringHill Suites rooms, 134 Residence Inn rooms, a resort-style pool with a bar, game area with large board games and a lounge with water and fire features. Other amenities will include complimentary breakfast, a 24-hour market, lobby bar, complimentary Wi-Fi, fitness center and two meeting rooms totaling 1,600 square feet. Amenities at the AC Hotel in Tampa include a market, two media salons, business/social events room, 900-square-foot fitness center, pool and pool bar, complimentary Wi-Fi and 2,300 square feet of meeting space. The properties are currently under construction with a planned opening date of December 2017. Marriott Corp. will manage the three hotels. The construction is being conducted by a partnership between PRISA Group and Orlando-based Welbro Building Corp. Miami-based Popular Community Bank provided construction financing for the …

September 13, 2016

Newer Posts

Older Posts