Texas

40-BED REHABILITATION HOSPITAL BEING DEVELOPED NEAR AUSTIN

by admin May 20, 2013

KYLE, TEXAS — A joint venture between MedProperties Holdings LLC, Avail Healthcare Ventures and Trivant Healthcare is investing in the development of a new 40-bed freestanding rehabilitation hospital in Kyle. The hospital will be known as the Warm Springs Rehabilitation Hospital of Kyle. Avail and Trivant will jointly serve as the developer of the 54,400-square-foot hospital, which will located on a three-acre site at the intersection of Kyle and Seton parkways. The hospital will be fully leased by a joint venture partnership between Post Acute Medical LLC and Seton Healthcare. American National Bank of Texas is providing construction financing. The hospital will begin construction within 60 days and the construction period will last approximately one year.

May 20, 2013

FOREST PARK MEDICAL CENTER SOUTHLAKE TO OPEN

by admin May 20, 2013

SOUTHLAKE, TEXAS — Forest Park Medical Center Southlake, an approximately 142,000-square-foot hospital in Southlake, will open its doors May 29 and begin serving patients on June 10. The hospital will include 54 private inpatient rooms, including 10 VIP suites. The hospital will also include 12 fully integrated operating suites. The hospital will be part of the physician-owned and operated Forest Park Medical Center system.

May 20, 2013

Healthcare Texas

SILVER OAK BROKERS SALE OF MOB IN COLLEYVILLE

by admin May 20, 2013

COLLEYVILLE, TEXAS — Silver Oak Commercial Realty has arranged the sale of an 8,000-square-foot medical office building, located at 5408 Colleyville Blvd. in Colleyville. LeAnn Brown of Silver Oak represented the seller, HRT Properties of Texas, in the transaction.

May 20, 2013

Multifamily Texas

MCCANN REALTY BREAKS GROUND ON HOUSTON APTS.

by admin May 17, 2013

HOUSTON — McCann Realty Partners LLC has started construction on the 323-unit Retreat at Vintage Park Apartments in Houston's Champions submarket. The property will be located in the Vintage development adjacent to the 420,000-square-foot Vintage Park Lifestyle Center. The Class A community will feature attached and detached garages, a fitness center, resort-style swimming pool, cyber cafe and a gourmet kitchen. Pegasus Residential LLC will manage the community, which is slated to begin lease up in the first quarter of 2014. Wells Fargo Bank N.A. funded the construction loan, and McCann will act as its own general contractor for the project.

May 17, 2013

Multifamily Texas

JOHNSON CAPITAL SECURES $18.6M IN STUDENT HOUSING FINANCING

by admin May 17, 2013

SAN ANTONIO AND AKRON, OHIO — Johnson Capital's Dallas office has arranged $18.6 million in joint venture equity financing for the construction of two new student housing developments in San Antonio and Akron. The NRP Group LLC (NRP), the borrower and developer of the communities, has broken ground on the projects and is expecting to wrap up construction before the fall 2014 semester. The San Antonio complex is called The Luxx, which will house students from the University of Texas at San Antonio. The 668-bed development costs approximately $32 million to build. The Akron facility is called The Depot, which will house students from the University of Akron. The 624-bed facility costs approximately $37 million to construct. A corporate investor provided the equity capital.

May 17, 2013

Retail Texas

CIELO REALTY, MIMCO PURCHASE RETAIL CENTER IN AUSTIN

by admin May 17, 2013

AUSTIN, TEXAS — A joint venture partnership between Austin-based Cielo Realty Partners and MIMCO Inc. recently purchased a 47,050-square-foot retail property at the intersection of Highway 71 and U.S. Highway 290 in Austin. The property is currently leased to Planet Fitness and Goodwill, and marketing for the remaining 13,050 square feet is underway.

May 17, 2013

Industrial Texas

CUSHMAN & WAKEFIELD ARRANGES 150,000 SF INDUSTRIAL LEASE

by admin May 17, 2013

HOUSTON — Cushman & Wakefield has arranged a 150,000-square-foot industrial lease transaction with Crane Worldwide Logistics at 6501 Navigation Blvd. in Houston. Jim Foreman and Beau Kaleel of Cushman & Wakefield's Houston office represented the owner, Levey Group, in the transaction. Ed Frantz and Kevin Kushner of CBRE represented Crane Worldwide.

May 17, 2013

Industrial Texas

400-ACRE ALAMO JUNCTION RAIL PARK TO BEGIN CONSTRUCTION

by admin May 16, 2013

BEXAR COUNTY, TEXAS — Houston-based National Property Holdings LP plans to develop the 400-acre Alamo Junction Rail Park, a rail-based logistics and warehousing development located in Bexar County, which is south of San Antonio and near the middle of the Eagle Ford Shale play. Phase I calls for more than 22,000 linear feet of track, which will begin daily rail service in the third quarter. The rail will ultimately interchange with both the Union Pacific and BNSF railroads. National Property Holdings is selling and leasing lots for operators looking to establish rail-focused transload, warehouse and manufacturing facilities. The company has already sold 50 acres for frac sand operations.

May 16, 2013

Civic Texas

BECK GROUP BEGINS BUILDING $25M ADDITION AT UT-DALLAS

by admin May 16, 2013

RICHARDSON, TEXAS — The Beck Group has broken ground on the 110,000-square-foot addition for the Naveen Jindal School of Management at The University of Texas at Dallas in Richardson. SHW Group designed the $25 million project to meet LEED standards. The addition will include classrooms, faculty offices, seminar rooms, studios, research centers and an area for the undergraduate honors program. A portion of the facility will be built out while the remaining area will be left as shell space to allow for future growth. The Beck Group anticipates to deliver the addition in fall 2014.

May 16, 2013

Healthcare Texas

MMCC ARRANGES $16.4M REFINANCE FOR MEDICAL OFFICE

by admin May 16, 2013

HOUSTON — Marcus & Millichap Capital Corp. (MMCC) has arranged a $16.4 million refinance for a 125,000-square-foot medical office building located in Houston. Peter Dunn of MMCC's Houston office arranged the 10-year, non-recourse bridge loan through a CMBS lender on behalf of the borrower, a general contractor.

May 16, 2013

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