Texas

Chesapeake-Bay-Seabrook

SEABROOK, TEXAS — Green Courte Partners, a private equity real estate investment firm, has acquired Chesapeake Bay, a 348-unit active adult community in Seabrook, located just south of Houston. The property offers a mix of apartments and cottages. Amenities include a pool, fitness center, business center, craft room, game lounge, putting green, hair and nail salon, theater and a dog park. The firm’s wholly owned operating platform, True Connection Communities, will manage the property. The seller and sales price were not disclosed.

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GRAND PRAIRIE, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged a $19.1 million construction loan for Villas at Bardin, a build-to-rent residential community that will be located in the central metroplex city of Grand Prairie. Homes will feature a mix of unit types and will be furnished with quartz countertops, stainless steel appliances, walk-in closets and full-size washers and dryers, as well as two-car garages and individual yards. The borrower is Dallas-based Republic Property Group. The number of units and a tentative completion date were not disclosed.

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DALLAS — Law firm Cooper & Scully PC has signed a 47,900-square-foot office lease renewal at Founders Square in downtown Dallas. The seven-story 274,010-square-foot building at 900 Jackson St. was originally constructed in the early 20th century as a warehouse for the Higginbotham-Bailey-Logan Co. dry goods company and was converted to office use in 1984. Rhett Miller and Sam Bass of Stream Realty Partners represented the landlord, Charter Holdings Inc., in the lease negotiations. John Ellerman and Jeff Ellerman of CBRE represented the tenant.

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Matt Williamson Pavlov Media FutureProofing Quote from article

In the rapidly evolving landscape of multifamily technology, owners and operators face a critical challenge to staying competitive. As demand for high-speed internet and robust connectivity grows, it is essential to adapt quickly. However, constantly upgrading infrastructure can be prohibitively expensive and time-consuming. The solution lies in future-proofing properties — building an adaptable infrastructure that can support unknown future technological needs. “Future-proofing is a matter of having infrastructure capable of supporting what we don’t know we will want later,” says Matt Williamson, lead sales engineer at Pavlov Media, which provides Wi-Fi, fiber-optic internet service and managed digital services to multifamily properties. Future-proofing involves implementing scalable and flexible communication systems that accommodate both current and emerging digital demands. By focusing on future-proofing, multifamily properties can meet residents’ increasing expectations for high-speed internet and comprehensive Wi-Fi coverage while also reducing operational costs and enhancing overall efficiency. Balance Current Needs with Future Trends “Multifamily residents now expect extremely high-speed internet connections in their units and throughout the entire property, including common areas like gyms, conference rooms, pools and walking paths,” Williamson says. Residents want robust internet connections for activities such as streaming, video calls and remote home monitoring. The importance of upload speeds …

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DALLAS — Hunt Capital Partners has arranged $20 million in Low-Income Housing Tax Credit (LIHTC) financing for Cypress Creek Apartment Homes at Montfort Drive, a 168-unit mixed-income housing project in Dallas. The unit mix will consist of 92 one-bedroom apartments, 64 two-bedroom residences and 12 three-bedroom units. About 70 percent (116) of the units will be reserved for households earning between 30 and 80 percent of the area median income, with the remainder to be rented at market rates. Residents will have access to services such as weekly exercise classes, monthly food banks, tax preparation assistance and annual health fairs. The developer is a partnership between Bonner Carrington and Sycamore Strategies.

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HOUSTON — Cresa has brokered the sale of a 14.8-acre industrial development site in northwest Houston. The site is located on Becker Road near Waller-Tomball Road. Brandon Wuntch and Drew Altmann of Cresa represented the buyer, an entity doing business as Zermeno GTB LP, in the transaction. The seller and sales price were not disclosed. The buyer tentatively expects to deliver an industrial facility on the site in 2025.

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DALLAS — Two locally based brokerage firms, Bill Foose Co. and Wingert Real Estate, have jointly negotiated the sale of a two-acre retail development site at the corner of I-20 and Dowdy Ferry Road in southeast Dallas. Bill Foose of and Jason Wingert collaborated to represent the seller, an entity doing business as 635 Dowdy Venture, in the transaction. Tulsa-based gas station giant QuikTrip purchased the site.

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DALLAS — DFA Dairy Brands Fluid, a supplier of fresh milk, has signed a 26,203-square-foot industrial lease in the Owenwood area of Dallas. Holt Lunsford Commercial Investments owns the building at 5200 E. Grand Ave. Canon Shoults, Josh Barnes and Mitch Cantwell of Holt Lunsford’s brokerage division represented the landlord in the lease negotiations. The tenant was self-represented.

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HOUSTON — Great Big Game Show, an entertainment concept that centers on interactive drawing, building, guessing and wagering challenges, will open a venue in West Houston. The space is located within the 47-acre CITYCENTRE mixed-use development, adjacent to The Escape Game, whose creators also conceived Great Big Game Show. The opening is slated for the fall. A partnership between Parkway and Midway owns CITYCENTRE.

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Fort-West-Commerce-Center-Fort-Worth

FORT WORTH, TEXAS — A partnership between Phoenix-based developer Creation Real Estate and J.P. Morgan Asset Management has sold Fort West Commerce Center, a 531,601-square-foot industrial property in Fort Worth. The development comprises three buildings on a 30-acre site on the city’s north side. Tenants at Fort West Commerce Center include Lockheed Martin (136,135 square feet) and Big Ass Fans (221,444 square feet). The buyer was High Street Logistics Properties, an investment firm based in metro Boston. No third-party brokers were involved in the deal.

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