Texas

Oden Hughes, Desarrollos Delta Break Ground on 308-Unit Apartment Community in San Antonio

by Taylor Williams May 31, 2017

SAN ANTONIO — Oden Hughes LLC and development partner Desarrollos Delta have broken ground on Amara Apartments, a 308-unit multifamily community located at 19327 Talavera Ridge in northwestern San Antonio. The property will consist of one-, two- and three-bedroom units ranging from roughly 600 to 1,365 square feet. Scheduled to open in mid-2018, the 23-acre project will be the latest addition to The Rim, a 700-acre, mixed-use development with office, retail and residential space. Austin-based Kelly Grossman Architects designed the multifamily project.

May 31, 2017

TierPoint to Build 60,000 SF Data Center in Metro Tulsa

by Taylor Williams May 31, 2017

BROKEN ARROW, OKLA. — Tierpoint, a Missouri-based IT firm, will build a 60,000-square-foot data center that includes infrastructure support and office space in the Tulsa metro of Broken Arrow. The initial phase of construction, which will deliver 30,000 square feet of total space and 16,000 square feet of raised floor, will cost approximately $20 million. Completion is scheduled for late 2017. The property will be TierPoint’s fourth data center in Oklahoma.

May 31, 2017

Multifamily Texas

Marcus & Millichap Brokers Sale of 192-Unit Apartment Complex in San Antonio

by Taylor Williams May 31, 2017

SAN ANTONIO — Marcus & Millichap has brokered the sale of The Richland Apartments, a 192-unit multifamily complex located at 7791 Woodchase Drive near the South Texas Medical Center and the University of Texas at San Antonio. Amenities include a pool, 24-hour fitness center and a resident clubhouse with a game room. Will Balthrope, Drew Kile and Jordan Featherston of Marcus & Millichap represented the seller in the transaction and procured the buyer.

May 31, 2017

Hospitality Texas

Rosebriar Arranges Sale of 4.3 Acres in Dallas for Development of Marriott Hotel

by Taylor Williams May 31, 2017

DALLAS — Rosebriar Properties has arranged the sale of 4.3 acres within the Stemmons Crossroads, a 50-acre development in Dallas, for the future construction of a Marriott-branded hotel. The new hotel will be the second hospitality development within Stemmons Crossroads this year, the other project being a 103-room Holiday Inn Express. Rob Adams and Bill Hanks of Rosebriar Properties represented the undisclosed buyer in the transaction.

May 31, 2017

Industrial Texas

Lonestar to Acquire Five Oil, Gas Properties in Texas for $116.6M

by Taylor Williams May 30, 2017

FORT WORTH, TEXAS — Fort Worth-based oil and gas firm Lonestar Resources US Inc. has entered into agreements with unaffiliated sellers to acquire five oil and gas properties within the Eagle Ford Shale play, an oil and gas formation in South Texas with more than $30 billion in capital investment. The properties are located in Karnes, Gonzales, DeWitt, Lavaca and Fayette counties. Upon closing, which is slated for late June, the company will acquire 80.3 net producing oil and gas wells and a leasehold totaling 21,238 net acres for approximately $116.6 million.

May 30, 2017

Office Texas

McCarthy Completes New 800,000 SF Building on Southwest Airlines’ Campus in Dallas

by Taylor Williams May 30, 2017

DALLAS — McCarthy Building Cos. Inc. has completed a new office building and aircrew training facility within Southwest Airlines’ corporate campus in Dallas. The entire project, which began in May 2016, consists of a six-story, 425,000-square-foot office building and an attached 375,000-square-foot training center that will house 18 flight simulators. The project will also deliver a 1,950-space parking garage upon full completion during the first quarter of 2018.

May 30, 2017

Mixed-Use Retail Texas

Vista Breaks Ground on Final Phase of Development at Retail Center in Katy

by Taylor Williams May 30, 2017

KATY, TEXAS— Vista Equities Group has broken ground on the final phase of development of LaCenterra at Cinco Ranch, a 34-acre, mixed-use development in Katy. Expected to be complete in early 2018, the final phase will add a 37,000-square-foot Alamo Drafthouse Cinema, a five-story parking garage and an additional 7,500 square feet of retail space to the 360,000-square-foot development.

May 30, 2017

Multifamily Texas

PCA Sells Class A Apartment Community in Lewisville for $44M

by Taylor Williams May 30, 2017

LEWISVILLE, TEXAS — Preferred Apartment Communities Inc., a publicly traded, Maryland-based multifamily operator, has sold Enclave at Vista Ridge, a Class A multifamily community in metro Dallas for approximately $44 million. Located at 2701 MacArthur Blvd. in Lewisville, the property was built in 2003 and features amenities such as a resort-style pool, fitness centers, game room and a resident clubhouse with a lounge and theater. Steadfast Apartment REIT III Inc., an affiliate of California-based investment firm Steadfast Cos., purchased the property and will rebrand it The Pointe at Vista Ridge.

May 30, 2017

Multifamily Student Housing Texas

FourPoint Brokers Sale of Two Student Housing Communities Totaling 1,136 Beds in San Antonio

by Taylor Williams May 30, 2017

SAN ANTONIO — FourPoint Student Housing Investments has brokered the sale of Avalon Place and Hill Country Place, two student housing properties totaling 1,136 beds in San Antonio. Both Class B properties are located approximately one mile from the University of Texas at San Antonio. Chris Epp, Chris Bancroft and Meredith Wolff of FourPoint represented the seller, Blue Vista, in the transaction. The name of the buyer and other terms of sale were not disclosed.

May 30, 2017

Healthcare Texas Uncategorized

Caddis Acquires Medical Office Properties in El Paso, Plano

by Taylor Williams May 26, 2017

EL PASO AND PLANO, TEXAS — Dallas-based healthcare real estate firm Caddis has acquired two medical office properties in El Paso and Plano. The company has purchased George Dieter Medical Plaza, a 15,005-square-foot property located at 1393 George Dieter Drive in El Paso, a transaction for which Capital One provided the acquisition financing. Caddis has also acquired a 21,246-square-foot building located at 5228 W. Plano Parkway in Plano, which is currently leased to Plano Orthopedic Sports Medicine & Spine Center.

May 26, 2017

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