HOUSTON — Moody Rambin Interests Investment Services has brokered the sale of George B. Lindler Apartments, a bank-owned multifamily property located in Houston. The community is situated at 4107 Almeda Genoa Rd. and contains 54 apartments. Jody Czajkoski of Moody Rambin represented the seller, Amegy Bank, N.A.; Czajkoski also represented the buyer, First Almeda Investments. The acquisition price was not disclosed.
HOUSTON — The Woodlands, Texas-based LMI Capital has arranged a $4.9 million loan to refinance a Houston multifamily project. The loan carries a 3-year term and a fixed interest rate, and was secured through one of LMI’s correspondent lenders. Jamie Millin of LMI arranged the deal. The borrower and details regarding the property were not disclosed.
HOUSTON AND TOMBALL, TEXAS — Houston-based Caldwell Cos. has brokered two industrial sales in the Houston metro area. In Houston, Pneumatic & Hydraulic Co. purchased a 20,000-square-foot property located at 15811 Tuckerton Rd. Brian Corriston of Caldwell represented the buyer. The seller was not disclosed. In Tomball, Tom Peloski purchased a 7,500-square-foot property, located at 407 S. Persimmon St., from Amvox Equipment Co. Caldwell’s Dylan Schopper represented the seller and Scott Heard, also of Caldwell, represented the buyer. The acquisition prices in both transactions were not disclosed.
EL PASO, TEXAS — Following the announcement that it will open a new location in Harker Heights, Texas, at the end of the month, Furniture Factory Warehouse has announced details of its newest location in El Paso. Scheduled to open in the fourth quarter, the new store will be the furniture retailer’s third in the city. It will total 22,872 square feet and will be located in Sunland Shopping Center. Additional tenants at the center include Kmart, Ross Dress For Less and PetSmart. Todd Wallace and Robert O’Farrell of SRS Real Estate Partners represented the tenant in lease negotiations. Dan Meador of Kite Realty represented the undisclosed landlord.
CORPUS CHRISTI, TEXAS — The team of Weldon Dietze, Melissa DeLeon, Terrell Miller and Matthew Cravey of Corpus Christi-based NAI Cravey Real Estate Services have been selected to lease One Shoreline Plaza in Corpus Christi. Located at 800 N. Shoreline Blvd. overlooking Corpus Christi Bay, the two Class A office buildings total 363,302 square feet. The south tower is the state’s tallest building south of San Antonio.
TULSA, OKLA. — San Francisco-based design firm Kaplan McLaughlin Diaz (KMD) has been selected to design a new $56 million justice facility in Tulsa. The building will total 175,000 square feet and will include seven courtrooms with other related facilities. The project will also incorporate sustainable elements including extensive use of daylighting and wind power generators. The construction timetable was not released.
ROUND ROCK, TEXAS — The Corte Company has been selected as the design-builder for a $23.6 million military project located in Round Rock. The new Armed Forces Reserve Center will consist of four separate facilities: a training center, a vehicle maintenance building, an organizational unit storage facility and an unheated storage building. Completion is slated for early 2011.
AMARILLO, TEXAS — The former Howard Johnson hotel located on Interstate 40 in Amarillo has been rebranded as the Magnuson Hotel Amarillo. The hotel features 110 guestrooms; amenities include an outdoor swimming pool, free wireless Internet access and close proximity to Amarillo International Airport and Tradewind Airport. The hotel is owned by Kirit Patel. Spokane, Wash.-based Magnuson Hotels currently represents approximately 1,000 hotels.
DENTON, TEXAS — Stan Johnson Co. (SJC) has completed the sale of a 1.16-acre retail ground lease located in Denton for $1.21 million. The site is leased to Auto Zone. SJC’s Gill Warner, Rod Pickney and Chad Byerly represented the seller, a retail developer. Bruce Simpson of Delphi Business Properties represented the buyer, a family trust.
HOUSTON — The Washington, D.C. office of Love Funding has arranged $5.52 million in acquisition financing for Crystal Falls Apartment Homes, a 165-unit multifamily community located in Houston. Constructed in 1984, Crystal Falls contains nine two- and three-story buildings. Amenities include a pool and hot tub, a clubhouse, an exercise room, a laundry room and gated access. The loan includes a 5.35 percent fixed interest rate and a 25-year amortization schedule. It was originated by Love Funding’s Holly Bray, who utilized the HUD 223(f) program. The borrower was not disclosed.