REBusinessOnline

HFF Brokers Sale of 180,000 SF Grocery-Anchored Retail Center in Fort Worth

FORT WORTH, TEXAS — HFF has brokered the sale of The Village at Camp Bowie, an 180,000-square-foot retail center in Fort Worth. Anchored by Sprouts Farmers Market, the property was 89 percent leased at the time of sale to tenants such as Verizon Wireless, Keller Williams Realty, Tuesday Morning and Orangetheory Fitness. Jim Batjer, Barry Brown, Ryan Shore and Aaron Johnson of HFF represented the seller, a joint venture between Lincoln Property Co. and Boston-based Long Wharf Capital. The …

MCA Arranges $40M Loan for Plano-Based Hospice Operator

PLANO, TEXAS — Metropolitan Capital Advisors (MCA) has arranged a $40 million business recapitalization loan for Heart to Heart Hospice, a Plano-based organization that operates 36 properties across Texas, Michigan and Indiana. Todd McNeill and Kevan McCormack of MCA arranged the loan, specific terms of which were not disclosed, through Cerberus Capital Management

Ready Capital Originates $25.8M Acquisition Loan for Apartment Community in San Antonio

SAN ANTONIO — New York City-based Ready Capital (NYC: RS) has originated a $25.8 million loan for the acquisition, renovation and stabilization of a 392-unit apartment community located in the Far North Central submarket of San Antonio. The nonrecourse loan carries a floating interest rate, 36-month term and flexible prepayment options. The capital improvement program will upgrade both the unit interiors and common areas. The sponsor was not

BMC Capital Closes $18M Loan for Refinancing of Houston-Area Multifamily Asset

HOUSTON — BMC Capital has closed an $18 million loan for the cash-out refinancing of an undisclosed, Class B multifamily property in the Houston area. The nonrecourse loan featured a fixed 5.25 percent interest rate, 10-year term and a 30-year amortization schedule. The borrower was not

NAI Partners Negotiates 46,150 SF Industrial Lease in North Houston

HOUSTON — NAI Partners has negotiated a 46,150-square-foot industrial lease at 1400 Kowis St. in north Houston. According to LoopNet Inc., the property was built in 1974 and is zoned for manufacturing. Chris Caudill and Joel Michael of NAI Partners represented the landlord, NRE LLC, in the lease negotiations. Stephen Schneidau of Cushman & Wakefield and Bill Schneidau of Independent Real Estate Commercial represented the tenant, Flo Trend, a provider of specialty products for the …

Austin Office Market’s Central Business District: Past, Present and Future

In 1987, Austin was a relatively quiet market where the major industries were higher education and state government, along with some large technology companies like IBM. Fast forward to 2019 where Austin continues to make national headlines, receiving high accolades as a top place to live and a leading city for millennial growth.  Erin Morales, CBRE This transformation — coupled with an increasing number of companies choosing to move or expand in Austin — begs the …

Wood Partners Opens 324-Unit Multifamily Property in West Dallas

DALLAS — Wood Partners, a multifamily investment and development firm with offices around the country, has opened Alta Trinity Green, a 324-unit community in west Dallas. Alta Trinity Green features studio, one-, two- and three-bedroom apartments ranging in size from 579 to 1,696 square feet. Amenities include a pool, fitness center, outdoor grilling area, game room, dog park and a rooftop lounge. Wood Partners co-developed the project with Stonelake Capital Partners, the master developer of …

Limited Liability Company Acquires 204-Unit Apartment Community in San Antonio

SAN ANTONIO — Urbana SA Property LLC has acquired Urbana Apartments, a 204-unit multifamily community in San Antonio. The market-rate property consists of seven two-story residential buildings offering one- and two-bedroom units. Amenities include a pool, fitness center, a business center and onsite laundry facilities. Dougherty Mortgage arranged an undisclosed amount of Fannie Mae acquisition financing for the deal. The loan carried a 12-year term and a 30-year amortization

Law Firm Signs 56,340 SF Office Lease in Uptown Dallas

DALLAS — Katten Muchin Rosenman LLP, a law firm with offices in the United States, London and Shanghai, has signed a 56,340-square-foot office lease at PwC Tower at Park District, a 500,000-square-foot tower in Uptown Dallas. Matt Craft of Lincoln Property Co. represented the law firm, which plans to move in during the fourth quarter, in the lease negotiations. Dennis Barnes, Shannon Brown and Clay Gilbert of CBRE represented the landlord, a joint venture between Trammell Crow Co. and MetLife …

Bradford Commercial Negotiates 21,500 SF Industrial Lease in Metro Dallas

GARLAND, TEXAS — Bradford Commercial Real Estate Services has negotiated a 21,500-square-foot industrial lease at 2306 Sherwin St. in Garland, a northeastern suburb of Dallas. Jason Finch and Brian Pafford of Bradford Commercial represented the tenant, DFD Movers Inc., in the lease negotiations. The landlord was

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