NEW YORK CITY — The owner of 1991 Broadway in New York City’s Upper West Side has selected the Stan Johnson Company to market the Class A retail condominium. The building, which is vacant, is being offered for $39.5 million. The property is situated on Broadway between 67th and 68th streets and near the new Apple store and TD Bank.
ANDREWS AND MIDLAND, TEXAS — McCarthy Building Cos. Inc. has broken ground on the Permian Regional Medical Center in Andrews and has completed Midland Memorial Hospital. McCarthy is teaming up with Trinity Hughes Construction; Bundy, Young, Sims & Potter Inc.; and HKS Architects on the $55 million Permian Regional hospital project. The hospital will span 200,000 square feet and feature a wellness center and a physician clinic with offices. The new facility will replace the existing one and tie into the hospital's skilled nursing unit. The project will be constructed in multiple phases and is slated for a mid-2016 completion. McCarthy also completed the $120 million expansion project of Midland Memorial. The hospital features a 240,000-square-foot, nine-story tower as well as renovations to the existing 100,000-square-foot hospital. The project included upgrades to the labor and delivery units, parking garage, patient rooms and data center. The project also included a new pharmacy, cafeteria and 194 new patient beds.
SAN ANTONIO — Woodbine Development Corp. has refinanced its Hyatt Regency Hill Country Resort and Spa in San Antonio with $89.5 million in loans. Morgan Stanley provided $61 million in senior debt, and Prudential Real Estate Investors provided the $28.5 million in mezzanine debt. Dan MacDonnell of Cushman & Wakefield's Los Angeles office represented Woodbine Development in the transaction. Dallas-based Brown McCarroll provided legal counsel. The hotel is currently undergoing a $35 million expansion and renovation. Woodbine is managing the expansion, WATG and Wimberly Interiors are designing the interior, HKS Hill Glazier Studio is the architect of record, Rialto Studio is managing the landscape makeover and Hardin Construction Co. is the general contractor.
HOUSTON — Cameron, a flow control equipment provider to the oil and gas industry, has signed a long-term lease for 106,801 square feet at 8 West Centre in Houston. The office building was developed by CORE Real Estate and spans 227,000 square feet. The building is located at 3505 W. Sam Houston Parkway. Cody Armbrister, Kristen Rabel and Rima Shpolyansky of CBRE represented CORE Real Estate in the lease transaction. Brandi McDonald of Newmark Grubb Knight Frank represented Cameron, which will move into the new space in July.
DALLAS — NorthMarq Capital has arranged first mortgage financing for the refinance of the 137-unit Oak Lawn Heights Apartments, located at 2600 Arroyo Ave. in Dallas. Tony Gray and Kristi Johnson of NorthMarq's Houston office arranged the 10-year loan through Fannie Mae to amortize over a 15-year period on behalf of the borrower, Knot Your Ordinary Apartments LLC.
THE WOODLANDS, TEXAS — Post Oak Bank, N.A. has signed a 4,355-square-foot lease with The Woodlands Development Co. for space on the first floor of One Hughes Landing in The Woodlands. One Hughes Landing is a 197,000-square-foot Class A office building and is the first office building to be constructed at Hughes Landing, a 66-acre mixed-use development. The office building, currently under construction, is 30 percent pre-leased. Gensler designed the building to achieve LEED Silver certification. Post Oak Bank is a locally owned community bank with more than $650 million in assets. Robert Parsley and Norman Munoz of Colliers International represented The Woodlands Development Co. in the lease transaction. Rand Mason of McAlpine Interests represented Post Oak Bank.
SANTA CLARA, CALIF. – Nvidia has announced plans to expand its Santa Clara campus by adding a new 500,000-square-foot office building. The project will be developed in two phases, with the first phase commencing in June. It will be built on the south side of a24-acre parcelthat was purchased by the visual computing technologies company in 2008. It will contain two levels of office and lab spacethat will accommodate up to 2,500 people. Nvidia’s Santa Clara operations already contains a 12-building, 1.1-million-square-foot campus. The project will be built by Webcor, designed by Gensler and managed by SRGNC CRES, LLC, a division of Sares Regis Group of Northern California.
SAN FRANCISCO — Anchor Brewing has announced plans to develop a 212,000-square-foot facility at Pier 48, making it the first major tenant to sign onto San Francisco’s new $1.6-billion Mission Rock development. The new waterfront brewery will allow the craft brewer to quadruple its operation. Its annual production capacity is expected to increase from 180,000 barrels to 680,000 barrels. The company’s original facility in Potrero Hill will remain in operation. Anchor Brewing is known for its Anchor Steam Beer, which has been brewed in San Francisco since 1896. The new facility will feature brewing, distilling, packaging, storing and shipping production facilities, as well as a restaurant, museum and educational facility. Construction will begin in late 2014. Anchor Brewing will occupy 22 percent of the new Mission Rock project, which is being developed by the San Francisco Giants. The mixed-use project will contain up to 1,500 residential units, up to 1.7 million square feet office space, and up to 250,000 square feet of retail, restaurants and public amenities. Pier 48 is part of the Port’s Embarcadero Historic District.
PHOENIX – The 24-unit Cobalt apartments in Phoenix has sold to Goodman Real Estate for $5.6 million. The Class A community is located at 32nd Street and Union Hills. The acquisition includes land that could be used for a 66-unit expansion. John Cunningham and Charles Steele of the Jones Lang LaSalle Phoenix Capital Markets Team represented the seller, Sabal Financial Group, in this transaction.
SAN JOSE, CALIF. – The San Jose Evergreen Community College District has purchased a 36,363-square-foot office building in Downtown San Jose for $4.3 million. The building is located at 40 South Market Street. The district will soon relocate its administrative services to the new facility from its southeast San Jose office on San Felipe Road. The building was 60 percent vacant at the time of sale. The district will occupy more than 22,000 square feet of this vacant space. It plans to absorb additional space once the remaining leases expire. The seller, Sleepy Hollow Investment Management, was represented by Michael Speers of Cassidy Turley, and Duffy D’Angelo and Dave Schmidt of Colliers International.
