Texas

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January 17, 2008

Mixed-Use Texas

LNR PROPERTY ACQUIRES PHASE TWO OF MIXED-USE DEVELOPMENT THE PRESIDIO

by admin January 17, 2008

FORT WORTH, TEXAS — LNR Property Corp.’s Commercial Property Group, the company’s real estate development and investment division, has purchased Phase II of The Presidio, a mixed-use development in Fort Worth. Phase II, located at the intersection of Interstate 35 West and U.S. Highway 287, will consist of 135 acres of retail, office and other commercial space. LNR Property Corp. acquired Phase I of The Presidio in November 2007. The total mixed-use development area will comprise more than 300 acres, with construction on the site scheduled to begin this month.

January 17, 2008

Multifamily Texas

WRIGHTWOOD CAPITAL PROVIDES $21.65 MILLION FOR APARTMENT ACQUISITION

by admin January 17, 2008

LEWISVILLE, TEXAS — Wrightwood Capital has provided $21.65 million in financing for the acquisition of Mira Vista Ranch apartments located at 350 Continental Dr. in Lewisville. The 304-unit property, built in 2004 and originally named Villas of Highpoints Apartments, comprises 11 buildings on 13 acres. Amenities include a swimming pool, hot tub, recreation room and business center. Anthony Waiss, a Texas-based multifamily property owner and manager, plans to renovate Mira Vista Ranch. The financing was sourced through Paul Brighton of NorthMarq Capital.

January 17, 2008

Retail Texas

NAI HUFF PARTNERS FINALIZES SALE OF MULTI-TENANT CENTER

by admin January 17, 2008

FORT WORTH, TEXAS — NAI Huff Partners has completed the sale of a multi-tenant property located at 2830 N. Beach St. in Fort Worth. The 24,072-square-foot property, purchased by Thai Mai, includes 11,172 square feet of retail and industrial space. Frank Jester and Jeff Givens of NAI Huff Partners represented the seller, Dale Baer, in the transaction.

January 17, 2008

Office Texas