Texas

Adolfson & Peterson Completes Construction of 88-Unit Seniors Housing Community in Metro Dallas

by Amy Works November 29, 2016

ALLEN, TEXAS — Adolfson & Peterson Construction has completed construction of Christian Care Senior Living Community, an 88-unit independent living, assisted living and memory care community in the Dallas suburb of Allen. Christian Care Centers owns the community, which REES Architects designed. Christian Care Senior Living Community features 22 independent living cottages, 32 assisted living units and 34 memory care units in a 72,000-square-foot, two-story building. Christian Care Centers is a nonprofit, faith-based owner and operator of several communities in the Metroplex area. The company is headquartered in Mesquite, Texas. Adolfson & Peterson Construction is a construction firm with offices in Charlotte, Dallas, Denver, Los Angeles, Minneapolis, Phoenix, Portland, Ore., and Tacoma, Wash.

November 29, 2016

Multifamily Texas

The Davis Cos., Marquette Cos. Sell Verandas at Cityview in Fort Worth

by Amy Works November 29, 2016

FORT WORTH, TEXAS — The Davis Cos. and Marquette Cos. have completed the disposition of Verandas at Cityview, an apartment community situated on 15 acres in Fort Worth. The 314-unit property sold for an undisclosed price. The community features a mix of apartment layouts, ranging from one to three bedrooms. Community amenities include an outdoor swimming pool, spa, 24-hour fitness center, clubhouse with television lounge, business center, laundry facility and picnic area with barbecues. Sean Mabarak of SPI Advisory represented the undisclosed buyer, while Dirk Goris, Ryan Reid and Jeremy Faltys of CBRE Multifamily represented the sellers in the deal.

November 29, 2016

Multifamily Student Housing Texas

Presidium Group Acquires Two Student Housing Properties in Austin

by Amy Works November 29, 2016

AUSTIN, TEXAS — Presidium Group has acquired two student housing properties in Austin, University Estates and University Village, for an undisclosed price. University Estates and University Village were built between 1997 and 2001, respectively, and are located in southeast Austin on The University of Texas at Austin shuttle route. The communities feature resort-style pools, fitness centers, clubhouses, basketball courts, tennis courts, computer labs and private student rooms. Combined the properties offer 846 units, totaling 2,700 beds. The name of the seller was not released.

November 29, 2016

Office Texas

Rubicon Representation Negotiates Sale of 29,352 SF Office Building in Plano

by Amy Works November 29, 2016

PLANO, TEXAS — Rubicon Representation has arranged the sale of an office building located at 4011 W. Plano Parkway in Plano. Wells Asset Management sold the 29,352-square-foot property to a local investment partnership for an undisclosed price. Current tenants at the property include The Einstein School and Farmers Insurance, and Sea Link International will relocate its office to the property from downtown Dallas. Daniel Miller and Graham Perry of Rubicon Representation represented the buyer and new tenant, while the seller had in-house representation.

November 29, 2016

Loans Multifamily Texas

Harborview Capital Closes Two Loans Totaling $25.1M for Multifamily Assets in Conroe, Texas

by Amy Works November 29, 2016

CONROE, TEXAS — Harborview Capital Partners has closed $25.1 million in refinancing for two multifamily properties in Conroe. The borrower was an Arkansas-based client. Both non-recourse loans were refinanced through HUD’s 223(a)(7) program and feature interest rates fixed for 35 and 40 years. Avi Begun of Harborview Capital originated the transactions.

November 29, 2016