Property Type

JV BUYS ONE CITY CENTRE IN HOUSTON

by admin October 19, 2012

HOUSTON — A joint venture between Hallandale Beach, Fla.-based Beacon Investment Properties, Menorah Mivtachim and Psagot has acquired One City Centre, a 609,000-square-foot, Class A office building located at 1021 Main St. in Houston's CBD. Menorah Mivtachim and Psagot are two Israeli financial institutions. The joint venture purchased the 31-story office property from Behringer Harvard. One City Centre is currently 84 percent leased and was recently certified LEED Gold. Tenants include Waste Management and Energy XXI. Beacon also purchased a 560,000-square-foot office portfolio in Houston, Ashford 5, 6 & 7, last month.

October 19, 2012

SATTERFIELD & PONTIKES TO BUILD $13M INDUSTRIAL PROJECT

by admin October 19, 2012

HOUSTON — Houston-based Standard Equipment Co. has selected Satterfield & Pontikes Construction to build four industrial properties totaling 185,000 square feet at its corporate headquarters complex in northwest Houston. Standard Equipment awarded Satterfield & Pontikes the $13 million project, which will include a 54,000-square-foot flex building and three crane-served industrial buildings.

October 19, 2012

Multifamily Texas

BERKELEY POINT PROVIDES $40M LOAN FOR AMLI TOWNE SQUARE APTS.

by admin October 19, 2012

HOUSTON — Berkeley Point Capital has provided a $40 million acquisition loan for the 380-unit AMLI Towne Square Apartments, located in Houston. The property will be renamed Standard on West Dallas. Ed Belz of Berkeley Point's Boston office arranged the seven-year loan through the Fannie Mae DUS lender program on behalf of the borrower, Baron Properties. The borrower plans to spend $4.4 million on capital improvements on the property.

October 19, 2012

Multifamily Texas

NORTHMARQ ARRANGES $13.7M LOAN FOR ENCLAVE APTS.

by admin October 19, 2012

SAN ANTONIO — NorthMarq Capital has secured $13.7 million in acquisition financing for the 384-unit Enclave Apartments, located at 2555 NE Loop 410 in San Antonio. Luke Donahue of NorthMarq's Phoenix office arranged the 10-year loan amortized over 30 years through Freddie Mac on behalf of the borrower, Enclave Communities.

October 19, 2012

Office Texas

KDH SECURES CONSTRUCTION FINANCING FOR OFFICE/WAREHOUSE

by admin October 19, 2012

HOUSTON — Q10 Kinghorn, Driver, Hough & Co. (KDH) has arranged construction/permanent financing for a 117,184-square-foot office/warehouse, located at the northeast corner of Heathrow Forest Parkway and Aldine Bender in the Interwood Business Park in Houston. Larry Peters of KDH's Houston office arranged the loan through a middle market bank in Houston on behalf of the borrower, SUHM Spring Works.

October 19, 2012

Healthcare Western

ARROWHEAD HEALTH CENTER IN GLENDALE SELLS FOR $20M

by admin October 19, 2012

GLENDALE, ARIZ. – The 103,216-square-foot Arrowhead Health Center in Glendale has sold to Archway Holdings Corp. for $20 million. The center, formerly known as Arrowhead Orchards Medical Office Building, contains two institutional-quality medical buildings that sit adjacent to the 217-bed Arrowhead Hospital. They are currently 65 percent leased. Archway was represented by Braxton Glass of Orion Investment Real Estate. The seller was Ventas REIT. Lucent Capital arranged the financing for the property’s acquisition and repositioning.

October 19, 2012

Multifamily Western

BONTERRA LAKESIDE IN COLORADO SPRINGS SELLS FOR $16.5M

by admin October 19, 2012

COLORADO SPRINGS, COLO. – The 156-unit Bonterra Lakesideapartments in Colorado Springs has sold to Griffis/Blessing for $16.5 million. The community was built in 1973 and renovated in 2007. It was 94 percent occupied at the time of closing. The seller, Hamilton Zanze and Company, was represented by ARA’s Kevin McKenna, Ken Greene, Doug Andrews and Jeff Hawks.

October 19, 2012

Multifamily Western

NORTHMARQ PROVIDES $13.6M IN ACQUSITION FINANCING FOR COLORADO APARTMENTS

by admin October 19, 2012

ARVADA, COLO. — NorthMarq Capital has provided $13.6 million to Aukum Management LLC for the purchase of Ridge at Mountain View Apartments in Arvada. The 168-unit community is located at 7865 Allison Way. Financing was arranged by John M. Stewart and Ilan Reissner of the firm’s Denver office.

October 19, 2012

Mixed-Use Western

SOUTHLANDS TOWN CENTER SELLS TO NORTHWOOD INVESTORS

by admin October 18, 2012

AURORA, COLO. — Southlands Town Center, a 900,000-square-foot, mixed-use development in Aurora, has sold to Northwood Investors for an undisclosed sum. The outdoor lifestyle center contains 730,000 square feet of retail space and 170,000 square feet of office space. Notable retail tenants include AMC Theaters, Bed Bath & Beyond, Sports Authority, Ross, Barnes & Noble, Ulta, Victoria’s Secret, White House Black Market, American Eagle Outfitters ad Gymboree. This is Northwood’s first Colorado-based investment. Northwood Retail, a Northwood Investors subsidiary, will lease and manage the center.

October 18, 2012

Seniors Housing Western

PARK CREST SENIOR COMMUNITY IN SAN DIEGO SELLS FOR $6.3M

by admin October 18, 2012

SAN DIEGO — Park Crest, a 71-unit senior housing community in San Diego, has sold to the San Diego Housing Commission for $6.3 million. It is located at 5330 Orange Ave. The Housing Commission was represented by Victor Krebs and Rob Morgan of Colliers International. The seller, Walz Family Trust, was represented by Peter Scepanovic and Corey McHenry, also from Colliers.

October 18, 2012

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