Texas

HFF ARRANGES $22.7M LOAN FOR OFFICE BUILDING

by admin May 25, 2012

DALLAS — HFF has secured a $22.7 million loan for the 296,360-square-foot 10000 NCX, a Class A office building located along Interstate 75 between Walnut Hill Lane and Royal Lane in Dallas. Travis Anderson of HFF arranged the three-year loan with a one-year extension through GE Capital Real Estate on behalf of the borrower, a joint venture between CREA Investments and Five Mile Capital Partners. The borrower is planning on using the loan to renovate the restrooms, make improvements to the corridor, update the lobby and add a fitness center.

May 25, 2012

JV PURCHASES PORTOFINO LUXURY APTS.

by admin May 24, 2012

FARMERS BRANCH — A joint venture between Naperville, Ill.-based The Marquette Companies and Glendale, Calif.-based American Realty Advisors has purchased the 224-unit Portofino Luxury Apartments, located at 11601 Lago Vista W. in Farmers Branch. Marquette will serve as the property manager for the facility. The property features a clubhouse with a kitchen, Internet cafe, pool, spa, fitness center and business center. CBRE Capital provided acquisition financing through Freddie Mac for the transaction.

May 24, 2012

Seniors Housing Texas

SENIORS APARTMENT COMMUNITY IN ALLEN SELLS

by admin May 24, 2012

ALLEN — Holiday Retirement has purchased the 196-unit Parkview in Allen, an independent living community located on Greenville Avenue in Allen. The seller, McKinney-based Zerga Development, was the general partner, developer and operator of the community. Mike Girard and Ed LaFrance of Allen-based TSG represented the seller in the transaction.

May 24, 2012

Texas

ROCKSPRING PROVIDES $7.8M LOAN FOR HARBORWALK

by admin May 24, 2012

HITCHCOCK — Houston-based Rockspring Capital has provided a $7.8 million bridge loan for the 550-acre Harborwalk project, a master-planned community located in Hitchcock. The community includes developed and undeveloped lots, a marina, retail store, swim center and a yacht club with a restaurant.

May 24, 2012

Retail Texas

COSMIC JUMP COMING TO LEWISVILLE

by admin May 24, 2012

LEWISVILLE — Cosmic Jump Trampoline Entertainment Center will open a 22,900-square-foot location at 1915 S. Stemmons Freeway in Lewisville for its second location in Texas. The facility is a vacant Bassett Furniture store near Valley Ridge Mall. Cosmic Jump will open its doors in mid June. The location will feature private birthday rooms, trampoline dodge ball courts, trampoline basketball courts, parallel-ramped trampolines, X-Box Kinect activity fun zones, fitness boot camps and a full-service snack bar. Eric Vickers of Kim Martin Co. represented the landlord, Lewisville Bassett, in the lease transaction.

May 24, 2012

Industrial Texas

MCCARTHY BUILDING COS. TO BUILD $34.6M MARINE FACILITY

by admin May 23, 2012

BEAUMONT — McCarthy Building Cos. has been selected to build the Maritime Administration Beaumont Layberth Facility, a $34.6 million design/build marine project located on the Neches River in Beaumont. The project is McCarthy's first contract with the U.S. Department of Transportation. The project will provide long-term safe lay-berthing facilities for eight large vessels and will include fixed concrete berths, dredging, electrical service, shore side lighting, communication, parking lots, road construction, a perimeter fence and a controlled access gate. Construction is scheduled to begin in October and completion is slated for July 2013. HDR Engineering is the lead design engineer for the project.

May 23, 2012

Hospitality Texas

ST. ANTHONY HOTEL SELLS, TO UNDERGO $24M RENOVATION

by admin May 23, 2012

SAN ANTONIO — BC LYND Hospitality, a joint venture between San Antonio-based LYND and BC Commercial Partners, has purchased the historic St. Anthony Hotel, a 103-year-old, 352-room hotel located at 300 E. Travis St. in downtown San Antonio. The hotel is listed as a National Historic Landmark. BC LYND is planning a $24 million renovation of the hotel that will include a new brand affiliation (Starwood Luxury Collection), new decor, updated meeting and function spaces, a new restaurant and a rooftop bar. IBC Bank provided debt financing for the acquisition and renovation of the hotel. Bill Stadler and John Bourret of HFF represented the seller, Berkadia , in the transaction.

May 23, 2012

Retail Texas

CENTENNIAL ACQUIRES THE CROSSING SHOPPING CENTER

by admin May 23, 2012

RICHLAND HILLS — Centennial Real Estate Co. has purchased The Crossing, a 247,720-square-foot shopping center located at the northwest corner of Grapevine Highway and Precinct Line Road in Richland Hills. Kohl's anchors the center and Kroger Signature is a shadow anchor. Centennial will manage the center, and Greg Pierce and Rob Solls of UCR will handle the property's leasing.

May 23, 2012

Restaurant Texas

M&M BROKERS PIZZA HUT SALE

by admin May 23, 2012

HOUSTON — Marcus & Millichap has arranged the sale of a 1,504-square-foot retail property, located at 17500 NW Freeway in Houston, which is ground leased to Pizza Hut. Vincent Knipp of Marcus & Millichap's Fort Worth office represented the seller, a limited liability company, in the transaction. Glen Kunofsky and Judson Kauffman of Marcus & Millichap's Manhattan office represented the buyer, an individual trust. Pizza Hut has operated the location since 1991 and recently extended its lease on the property by 10 years.

May 23, 2012

Office Texas

NORTHMARQ ARRANGES $3M OFFICE LOAN

by admin May 23, 2012

DALLAS — NorthMarq Capital has secured $3 million in first mortgage refinancing for the 301,378-square-foot One Graystone Center, an office building located at 3010 LBJ Freeway in Dallas. Paul Brighton of NorthMarq's Dallas office arranged the loan through a bridge lender.

May 23, 2012

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