Texas

SWBC REAL ESTATE SELLS THREE APT. COMMUNITIES FOR $100M

by admin April 26, 2013

SAN ANTONIO AND NORTHLAKE, TEXAS — Dallas-based SWBC Real Estate LLC has sold three of its multifamily communities in Northlake and San Antonio for approximately $100 million. The communities include the 288-unit Dry Creek Ranch in Northlake, the 304-unit Mission Hills in San Antonio and the adjacent 329-unit Evans Ranch. Will Balthrope and Drew Kyle of Institutional Property Advisors represented the seller in the Dry Creek Ranch sale. Calgary-based Western Securities Limited purchased Dry Creek Ranch. Boston-based TA Associates purchased both Mission Hills and Evans Ranch. Additionally, SWBC plans to break ground on Overlook Ranch later this year. The Class A, 318-unit community will be located in the AllianceTexas development in north Fort Worth.

April 26, 2013

NORTHMARQ ARRANGES $15M REFINANCING FOR BRAKER CENTER

by admin April 26, 2013

AUSTIN, TEXAS — NorthMarq Capital has arranged a $15 million loan for the refinancing of Braker Center 6, 7 and 11, three flex office buildings located in Austin. The properties total 218,301 square feet and are located at 11100 and 1212 Metric Blvd. and 2205-2229 W. Braker Lane. Steve Bye, Dale Stewart and Dan Lucchesi of NorthMarq's Denver office arranged the loan on behalf of the borrower.

April 26, 2013

Multifamily Texas

CRITERION PROPERTY CO. OPENS 1800 BROADWAY IN SAN ANTONIO

by admin April 26, 2013

SAN ANTONIO — Criterion Property Co. LP has opened a new luxury living community in midtown San Antonio called 1800 Broadway, located at its namesake address. The 230-unit community is more than 50 percent leased and is located close to downtown San Antonio, the revitalized Pearl Brewery development, the River Walk, Alama Heights neighborhood and Fort Sam Houston. The community features one- and two-bedroom plans, as well as townhomes. Amenities include three outdoor living areas, a resort-style pool courtyard, oversized fireplace, outdoor grilling kitchen and a courtyard next to a river. The community also features “The Cave,” a covered space with a wet kitchen, flat screen TVs, bar games and free Wi-Fi.

April 26, 2013

Industrial Texas

EXETER TO BUILD NEW INDUSTRIAL BUILDINGS IN FLOWER MOUND

by admin April 26, 2013

FLOWER MOUND, TEXAS — Exeter Property Group plans to build two new industrial buildings in Flower Mound's Lakeside Business District. The two buildings will total approximately 580,000 square feet. The development will bring an estimated 200 jobs to the area and add an estimated $18 million to Flower Mound's tax base. The property is located three miles north of Dallas Fort Worth International Airport.

April 26, 2013

Healthcare Texas

CBRE ARRANGES SALE OF EMERGENCY CENTER IN BASTROP

by admin April 25, 2013

BASTROP, TEXAS — CBRE has arranged the sale of St. David's Emergency Center-Bastrop, a 28,500-square-foot, freestanding emergency department in Bastrop. Austin-based Long View Equity Partners purchased the property, which is fully leased to St. David's HealthCare System. Scott Herbold, Chris Bodnar and Lee Asher of CBRE's U.S. Healthcare Capital Markets Group represented the seller in the transaction.

April 25, 2013

Office Texas

FREDRICKS COMMERCIAL MERGES WITH MOODY RAMBIN

by admin April 25, 2013

HOUSTON — Fredricks Commercial, a Houston-based commercial real estate firm, has merged with Moody Rambin Interests, a Houston-based commercial real estate brokerage and management firm. Brent Fredricks, a 27-year veteran of shopping center and investment brokerage, has joined Moody Rambin as senior vice president.

April 25, 2013

Industrial Texas

ARCH-CON BREAKS GROUND ON HOUSTON BUSINESS PARK

by admin April 25, 2013

HOUSTON — Arch-Con Construction has begun construction on DCT Beltway Tanner Business Park in Houston. The 133,000-square-foot facility is located at 5980 W. Sam Houston Parkway. DCT Industrial Trust is developing the project and Long Beach, Calif.-based Carlile Coatsworth Architects is designing the property. The project is slated for a third quarter 2013 completion.

April 25, 2013

Industrial Texas

TWEAKER ENERGY DRINKS BUYS MANUFACTURING FACILITY

by admin April 25, 2013

DALLAS — Dallas-based Tweaker Energy Drinks has purchased the former El Fenix headquarters, a 32,086-square-foot industrial property in Dallas. The manufacturing/distribution facility is located at 11075 Harry Hines. El Fenix previously used the location to make chips for all its restaurants. Mark Miller and Jim Svidron of NAI Roberty Lynn Industrial Division represented both the seller and Tweaker in the transaction.

April 25, 2013

Texas

VELOCIS CLOSES FUND I AFTER RAISING $135M

by admin April 25, 2013

DALLAS — Dallas-based Velocis Fund LP, a real estate investment fund, has closed Fund I, which raised more than $135 million. The total assets under management exceed $222 million. The current equity commitments give Fund I more than $330 million of purchasing power. Fund I is currently 40 percent invested and is sourcing new assets for purchase. Its targets include U.S. real estate assets in demand driven or supply constrained markets in the $10 million to $50 million range. Fund I's investors include high-net-worth individuals and large family offices in the U.S., Mexico and Europe. Velocis owns seven assets in Texas and one in Colorado, including two Houston office buildings, a medical office in Austin, two shopping centers in Austin, a medical office in Fort Worth, a shopping center in Fort Worth and an office building in Denver.

April 25, 2013

Office Texas

ENDEAVOR, GRANITE TO BUILD SPEC OFFICE CAMPUS IN AUSTIN

by admin April 24, 2013

AUSTIN, TEXAS — Austin-based Endeavor Real Estate Group and Granite Properties plan to construct Champion Office Park, a 220,600-square-foot office campus in northwest Austin. The speculative office property will be located on the northwest corner of RM 2222 and Loop 360. The campus will include two four-story office buildings. San Antonio-based Overland Partners designed Champion Office Park, which is slated to open in September 2014. Travis Dunaway and Jonathan Tate of Endeavor will handle the property's leasing.

April 24, 2013

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