McCarthy Breaks Ground on 365,000 SF Texas Children’s Hospital in Austin

AUSTIN, TEXAS — General contractor McCarthy Building Cos. has broken ground on the 365,000-squre-foot Texas Children’s Hospital in Austin. The 52-bed facility will provide a range of services for women and children, including neonatal intensive care, pediatric intensive care, postpartum care, diagnostic imaging, acute care and urgent care. The hospital will also have an adjacent, 170,000-square-foot outpatient building that will house specialty care providers and a 1,200-space parking …

Arch-Con Breaks Ground on 17-Story Fairfield Inn & Suites Hotel in Downtown Austin

AUSTIN, TEXAS — General contractor Arch-Con Corp. has broken ground on a 17-story Fairfield Inn & Suites hotel that will be located at 76 East Ave. in downtown Austin’s Rainey Street District. Developed by RGB Hospitality and designed by MCS Architects LLC, the property will feature 126 rooms, as well as a lobby, dining area, lounge and pantry market. The hotel’s top three floors will house a rooftop terrace, fitness center, pool, spa, multi-purpose room and a presidential suite. …

Redwood Capital Buys 322-Unit Ascent Cresta Bella Apartments in San Antonio

SAN ANTONIO — Chicago-based investment firm Redwood Capital Group has purchased Ascent Cresta Bella, a 322-unit apartment community in northwest San Antonio. The property offers one-, two- and three-bedroom units with quartz countertops, stainless steel appliances, hardwood-style floors, kitchen islands and tile backsplashes. Communal amenities include an infinity pool with cabanas, outdoor kitchens, a rooftop terrace, social lounge, business center, two-story fitness center with a spin room …

Barvin Acquires 302-Unit Novel at Bishop Arts Apartments in Dallas

DALLAS — Houston-based multifamily investment firm Barvin has acquired Novel at Bishop Arts, a 302-unit apartment community in the Bishop Arts neighborhood of Dallas. Crescent Communities developed the property, which also houses 20,000 square feet of retail space, in 2019. Units feature stainless steel appliances, quartz countertops and individual washers and dryers. Amenities include a guitar-shaped pool inspired by Stevie Ray Vaughan, a rooftop sky deck and lounge, an outdoor entertainment …

NAI Partners Negotiates Two Industrial Leases Totaling 130,903 SF in McAllen, Texas

MCALLEN, TEXAS — NAI Partners has negotiated two industrial leases totaling 130,903 square feet at 5700 S. International Parkway in the Rio Grande Valley city of McAllen. Marmon Foodservice Technologies, a manufacturer of restaurant equipment and supplies, leased 100,783 square feet, and pet products manufacturer Worldwise leased 30,120 square feet. Carlos Marquez of NAI Partners represented the landlord, Killam Development Ltd., in both sets of lease

Dalfen Industrial Breaks Ground on Phase I of 2 MSF Project in Mesquite, Texas

MESQUITE, TEXAS — Developer Dalfen Industrial has broken ground on Phase I of Mesquite Airport Logistics Center, a 2 million-square-foot project that will be located on the eastern outskirts of Dallas. The property will feature proximity to Mesquite Metro Airport, as well as a FedEx Ground facility, a UPS Customer Center facility and the Union Pacific Intermodal railroad. Phase I of the project will consist of two buildings with 36-foot clear heights and a combined 200 dock doors and 130 …

Dwight Capital Provides $60M Loan for Refinancing of Multifamily Asset in Amarillo

AMARILLO, TEXAS — New York City-based Dwight Capital has provided a $60 million bridge loan for the cash-out refinancing of Residences at Town Square, a 480-unit multifamily asset in Amarillo. The property was built in phases on a 32-acre site between 2015 and 2019 and offers amenities such as a fitness center, playground and a pool. Residences at Town Square also features 121,360 square feet of ground-floor retail space that is leased to a dental office, nail bar, spa and steakhouse. Daniel …

Newport Capital Partners Buys 103,030 SF Stassney Heights Shopping Center in South Austin

AUSTIN, TEXAS — Newport Capital Partners, a retail investment and management firm with offices in Chicago and Dallas, has purchased Stassney Heights, a 103,030-square-foot shopping center located about seven miles south of downtown Austin. Anchored by Houston-based ethnic grocer Fiesta Mart, Stassney Heights was 93 percent leased at the time of sale. Other tenants include Umi Sushi, Castle Dental, T-Mobile and Clinica Hispana. CBRE represented the undisclosed, Northeast-based seller in the …

Marcus & Millichap Brokers Sale of 150-Unit Spring Valley Apartments Near Fort Worth

EULESS, TEXAS — Marcus & Millichap has brokered the sale of Spring Valley, a 150-unit apartment complex in the Fort Worth suburb of Euless. Constructed in 1971, the 12-building property features an average unit size of 920 square feet and amenities such as a pool and onsite laundry facilities. Al Silva and Ford Braly of Marcus & Millichap represented the seller and procured the buyer, both of which were Dallas-based private investment firms that requested anonymity, in the

PuttShack to Open 26,000 SF Minigolf Course, Restaurant in Downtown Houston

HOUSTON — Puttshack, an entertainment concept that combines tech-infused minigolf with food and beverage offerings, will open a new, 26,000-square-foot venue at The Shops at Houston Center in the city’s downtown area. Puttshack recently opened its first venue in Atlanta and has plans to open additional facilities in Chicago, Miami, Boston and Nashville. The opening of the Houston facility is slated for late 2022. Brookfield Properties owns The Shops at Houston Center in partnership with …

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