AUSTIN — Nalle Woods, a 238-unit, Class A multifamily community located at 4700 N. Capital of Texas Hwy. in Austin has changed hands. Austin-based Larry Peel & Co. sold the property to institutional investors advised by J.P. Morgan Asset Management – Global Real Assets for an undisclosed price. Nalle Woods offers one- and two-bedroom units with stainless steel appliances, granite countertops and vaulted ceilings. Amenities include a clubhouse, fitness center, swimming pools, business center, billiard room and spa. Bill Miller and Roberto Casas of Holliday Fenoglio Fowler's Dallas office represented the seller.
FORT HOOD — The U.S. Army Corps of Engineers has selected the Balfour Beatty | McCarthy joint venture, along with HKS Architects and Wingler & Sharp, to provide design-build services for the Fort Hood replacement hospital project. The $503 million, 944,000-square-foot facility will break ground in April 2011 and replace the 45-year-old Carl R. Darnall Army Medical Center. The state-of-the-art healthcare facility will be completed in May 2014; and a majority of the design and construction budget will be funded by the American Recovery and Reinvestment Act of 2009.
ROUND ROCK — Homewood Suites by Hilton has opened its 300th hotel in North America with the opening of its four-story, 115-suite hotel in Round Rock. Located at 2201 S. Mays St. directly off Interstate 35, it's the closest hotel to the world headquarters of Dell and is situated in a corporate campus area with many Fortune 500companies including Samsung, Texas Guaranteed, Sears Teletech, Teco Westinghouse and Dresser Wayne. The hotel is owned by VHRMR Round Rock, Ltd., managed by Vista Host, Inc., and its official grand opening will be held Thursday, Sept. 23.
HOUSTON — Doug Little has joined Transwestern's Houston headquarters as a managing director and executive vice president. He will help structure and execute strategic national initiatives while serving institutional clients throughout the nation. Prior to joining Transwestern, Little served as executive vice president and managing director of PM Realty's central division. He is a 25-year industry veteran.
DALLAS — The Perot Museum of Nature & Science, which broke ground last spring and is expected to open in early 2013 in Dallas' Victory Park as an expansion of The Museum of Nature & Science, has gained support from Houston-based PM Realty Group and Lyda Hill, philanthropist and owner of several commercial real estate buildings in Dallas. Hill's 2811 McKinney building, managed by PM Realty Group, in uptown Dallas has unveiled a mural measuring 80 feet wide by 22 feet tall celebrating the museum's expansion. The Perot Museum of Nature & Science at Victory Park was designed by the California architecture firm Morphosis.
HOUSTON — Stone Gate Shopping Center, a 31,570-square-foot retail property located at 9740 Barker Cypress Rd. in Houston, has changed hands for an undisclosed amount. Micha van Marcke and Josh Jacobs of Page Partners represented the seller, 9740 Barker Cypress Road Holdings LP, which sold the property to the Hooten Family Trust.
DALLAS — The Trammell Crow Center in the Arts District of Dallas has received LEED Silver in the Existing Building (EB) category by the U.S. Green Building Council. The 50-story, 1.2 million-square-foot office property is one of only eight properties in Dallas and 44 in Texas to receive LEED EB certification. Crescent Real Estate Holdings owns the property and made several changes to achieve LEED certification including replacing its water closets with efficient water-conserving, low-flow models. CB Richard Ellis manages the property and led the LEED initiative.
MISSOURI CITY — Hampton Pointe Manor, a 78-bed assisted living facility in Missouri City, has secured a private equity investment from The Kalikow Group of Westbury, N.Y., on behalf of KEP Hampton ALF. Located at Hampton Drive and Murphy Road near downtown Houston, Hampton Pointe Manor is the initial phase of the Hampton Pointe master-planned community. It is being developed and operated in partnership by Wallace Bajjali Development Partners and Outer Marker Properties.
CEDAR HILL AND ALLEN — Kirkland's, a national home décor and furnishings retailer, will open a 9,748-square-foot store at Uptown Village at Cedar Hill this November as well as a 7,118-square-foot store at The Village at Allen next April. Uptown Village at Cedar Hill is a 615,000-square-foot regional lifestyle center anchored by Dillard's, Barnes & Noble and Dick's Sporting Goods located in the Dallas suburb of Cedar Hill. Meanwhile, The Village at Allen is one component of a joint, 3 million-square-foot regional, mixed-use development in the suburbs of Allen and Fairview at the intersection of U.S. Hwy. 75 and Stacy Road. The MGHerring Group signed Kirkland's to both retail locations.
CEDAR PARK — Big Lots has leased 33,742 square feet of retail space at 850 N. Bell Blvd. in the Cedar Park Plaza shopping center in Cedar Park. The closeout retailer is set to open in the former Albertson's space in November. Terri Twomey of The Weitzman Group represented Big Lots, while Weitzman's Lance Morris and Parker Estes represented the landlord.