AUSTIN — The Connor Group has acquired the 253-unit Cityview at SoCo, an apartment community located in Austin. The property was formerly known as Camden South Congress and it features several retail spaces. The acquisition marks The Connor Group's first property in Austin.
HOUSTON — Q10 Kinghorn, Driver, Hough & Co. (KDH) has arranged $6 million in long-term financing for a mixed-use development, located on Lake Houston. The development includes three retail buildings and one office/retail building. Sam McHard of KDH's Houston office arranged the loan through AVIVA.
HOUSTON — NorthMarq Capital has secured first mortgage refinancing for the 260-unit Steeplecrest Apartments, located at 11220 W. Road in Houston. Greg Duvall of NorthMarq's Kansas City, Kan., office arranged the 10-year loan with a 30-year amortization schedule through AmeriSphere Multifamily Finance, a Fannie Mae DUS lender.
FORT WORTH — Chef Jon Bonnell of Bonnell's Fine Texas Cuisine will open Waters, Bonnell's Fine Coastal Cuisine, a 7,775-square-foot upscale restaurant, in the West 7th mixed-use development in Fort Worth. The property will be located at 2901 Crockett St., and the opening is slated for February 2013. Rodger Chieffalo of Chiefallo Realty, along with Frank Bullock and Carey Shagets of SRS Real Estate Partners, represented the landlord, Cypress Equities, in the lease transaction. Attorney Jack Larson represented the tenant.
CONROE — McCarthy Building Cos. has begun construction on a $191 million project in Conroe known as the San Jacinto River Authority Surface Water Facility, located in Conroe. The construction will include building a raw water intake and pump station, water treatment plant, high service pumping station and storage. The facility is the second largest water infrastructure project in Texas. The project will use the Construction Manager-at-Risk (CMAR) delivery method, which will bring the contractor in early to help the collaborative team develop the most cost-effective solutions for the project. The treatment plant will have a 30 million gallons of water per day capacity. The project is slated for a late 2015 completion.
DALLAS — BOKA Powell has completed architecture and interior design work for The Lumen, a hotel located at 6101 Hillcrest Ave. adjacent to Southern Methodist University (SMU) in Dallas. The expansion includes adding 36 new guestrooms, expanding the lobby, adding The Front Room restaurant and a rooftop terrace with views of SMU and the Park Cities neighborhood. BOKA Powell also redesigned the existing 57 guestrooms. BOKA Powell completed the project on behalf of Headington Cos., the developer and owner of The Lumen. Kimpton Hotel and Restaurants manages the hotel.
WEBSTER — Landmark Apartment Trust of America (LATA) has purchased the 354-unit Landmark at Emerson Park, a Class A apartment community located in Webster. The community, formerly known as Gardens at Challenger Park, includes gated entries, landscaped courtyards, a swimming pool, fitness center and designer kitchens. The property was purchased through first mortgage financing through Fannie Mae. Rob Wilson III of Wilson Investments represented the seller in the transaction. Tom Wilkinson of KET Enterprises, along with Jim Hurd of Houston Income Properties, represented the buyer.
DALLAS — HFF has closed the sale of and arranged financing for the 240-unit Trinity Oaks, a Class B multifamily community located at the intersection of Midway and Trinity Mills roads in north Dallas. The buyer, Allen Harrison Co., purchased the property free and clear of debt and plans to complete interior and exterior renovations through its affiliate, AHC Construction. Mosaic Residential will manage the property. Blair Lang of HFF's Dallas office represented the seller in the transaction. Cortney Cole of HFF's Houston office arranged the 10-year loan through Arbor Commercial Mortgage on behalf of the buyer.
DALLAS — Carter Validus Mission Critical REIT has acquired the 62,000-square-foot Baylor Medical Center, located at 3500 Gaston Ave. in Dallas, for $31 million. The medical center has been open for operation since January 2011, and features 24 in-patient beds, six operating suites, a four-room emergency department and an imaging suite equipped with X-ray, CT scanning and MRI capabilities.
HOUSTON AND AUSTIN — Mill Creek Residential Trust has acquired three apartment communities totaling 589 units in urban in-fill locations in Houston and Austin. The communities include the 162-unit La Tour Fontaine in Houston's Galleria submarket, the 219-unit Place at Greenway in Houston near Greenway Plaza and the 208-unit Woodmoor located in Austin's South Lamar corridor.
