REBusinessOnline

Major League Cricket To Develop First Stadium in Grand Prairie, Texas

GRAND PRAIRIE, TEXAS — Major League Cricket (MLC) has received approval from the City of Grand Prairie on a long-term lease agreement to redevelop the 5,445-seat AirHogs Stadium in Grand Prairie into the organization’s first major cricket venue in the United States. The stadium is currently the home field of the Texas Airhogs Minor League Baseball team. The project will increase the seating capacity to accommodate more than 8,000 spectators with additional and upgraded hospitality features …

Civic, Development, Retail, Texas

Ziegler Arranges $77.1M Bond Financing for Seniors Housing Expansion in Dallas

DALLAS — Ziegler has arranged $77.1 million of bond financing for Presbyterian Village North, a continuing care retirement community in North Dallas. The proceeds of the bonds will finance an expansion project that will add 112 new independent living units in a five-story building named The Hawthorne. The community sits on a 66-acre campus and currently consists of 89 buildings with 253 independent living units, 101 assisted living units, 44 memory care units and a health center operating 106 …

Loans, Multifamily, Seniors Housing, Texas

Hyatt Opens 219-Room Thompson Hotel in Downtown Dallas

DALLAS — Hyatt Hotels Corp. (NYSE: H) has opened the 219-room Thompson Hotel in downtown Dallas, the first property under the Thompson lifestyle brand in Texas. Designed by Merriman/Anderson Architects, the hotel is the product of a redevelopment of a historic building at 205 N. Akard St. The property’s 219 rooms include 52 suites and two penthouses, and guests can also enjoy access to two onsite culinary

Development, Hospitality, Texas

Colliers Negotiates Sale of 230-Unit Ridge at Trinity Apartments in Southeast Dallas

DALLAS — Colliers International has negotiated the sale of Ridge at Trinity Apartments, a 230-unit affordable housing community in southeast Dallas. The property, which consists of 19 buildings on 17.4 acres, was built in 1970 and renovated between 2015 and 2019. Amenities include a leasing office, onsite laundry facilities and open green spaces with playgrounds. Mark Allen and Courtland Charles of Colliers represented the seller, affordable housing owner-operator Hope Housing, in the …

Acquisitions, Multifamily, Texas

NAI Partners Brokers Sale of 50,000 SF Industrial Building in South Austin

AUSTIN, TEXAS — NAI Partners has brokered the sale of a 50,000-square-foot industrial building located at 4401 Supply Court in South Austin. Troy Martin of NAI Partners represented the buyer, CKD USA, the U.S. subsidiary of Japanese machine manufacturing firm CKD Corp. Joe Novek and Darryl Dadon of CBRE represented the seller. The new ownership plans to invest about $13 million in revamping the facility, which is expected to be operational in fall 2021 and bring about 70 new jobs to the

Acquisitions, Industrial, Texas

Phoenix Investors Acquires 1 MSF Former Titan Tire Plant in Brownsville, Texas

BROWNSVILLE, TEXAS — An affiliate of Milwaukee-based Phoenix Investors has acquired the 1 million-square-foot former tire plant of Titan International Inc. in Brownsville. The property spans 108 acres and was originally built in 1997. Titan, which manufactures road tires and wheel technology for a variety of industries, ceased production at the site in 2003 and converted the facility into a multi-tenant property. Michael Reid of Newmark represented Titan in the sale of the plant. The sale …

Acquisitions, Industrial, Texas

NorthMarq Arranges Sale of 804-Unit Muse Apartments in South Dallas

DALLAS — NorthMarq has arranged the sale of The Muse, an 804-unit workforce housing community located at 3035 W. Pentagon Parkway in South Dallas. The Muse features approximately 30 different unit types with an average size of 926 square feet. Units include nickel finishes, pantries, private patios/balconies, tile backsplashes, walk-in closets and individual washer and dryer connections. Amenities include a fitness center, business center and onsite laundry facilities. Taylor Snoddy, James …

Acquisitions, Multifamily, Texas

Hodges Ward Elliott Brokers Sale of 265-Room Hotel Contessa in Downtown San Antonio

SAN ANTONIO — Hodges Ward Elliott (HWE) has brokered the sale of the 265-room Hotel Contessa, located at 306 W. Market St. in the Riverwalk area of downtown San Antonio. The 12-story luxury hotel was built in 2005 and features 10,000 square feet of event space, a rooftop pool and a restaurant/bar with Riverwalk views and access, as well as a full-service spa. John Bourret, Austin Brooks and David Auer of HWE represented the seller in the transaction. Lawrence Britvan and Pete Fehlman of HWE …

Acquisitions, Hospitality, Texas

Jenkins Organization Breaks Ground on 304-Site RV Resort in Bryan, Texas

BRYAN, TEXAS — Houston-based self-storage developer The Jenkins Organization has broken ground on a 304-site RV resort in Bryan. The project, which will be located near Texas A&M University, is one of the company’s five planned RV developments. Jenkins will operate the new park, which will also include 64 cabins, under the Great Escapes brand. Amenities will include two clubhouses with resort-style pools, covered pavilions for tailgating and events, walking trails, a sports court, two …

Development, Hospitality, Texas

Dwight Capital Provides $27.9M HUD Loan for Refinancing of North Austin Apartments

AUSTIN, TEXAS — New York City-based Dwight Capital has provided a $27.9 million HUD 223(f) loan for the refinancing of Terrazzo Apartments, a 224-unit multifamily community in North Austin. Built in 1997 and renovated in 2007, the property consists of 12 three-story buildings on an 18-acre tract. Units feature one-, two- and three-bedroom floor plans, and amenities include a pool, fitness center, business center, coffee bar, clubhouse and a playground. Brandon Baksh and Brian Yee of Dwight …

Loans, Multifamily, Texas
Content Partners
Lee & Associates
Lument
Walker & Dunlop

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Webinar: What will Denver Multifamily Activity Look Like in 2021?
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Webinar: Marketing Strategies for Senior Living Operators — Survey Results Reveal How Customer Journey Has Changed
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InterFace Net Lease 2020
Dec
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Webinar: What will Salt Lake City Multifamily Activity Look Like in 2021?
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InterFace Seniors Housing Investment, Development & Operations 2020
Dec
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Webinar: The Future of Seniors Housing — The 2021 Outlook from a Capital Markets Perspective


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