Texas

The-Dunhill-Dallas

DALLAS — Dallas-based investment firm Bridgeview has acquired The Dunhill, a 214-unit apartment complex in the Dallas Design District. Built in 2010, The Dunhill features studio, one- and two-bedroom units that range in size from 665 to 1,671 square feet. Amenities include a pool, resident clubhouse, fitness center, business center, outdoor picnic areas, amphitheater and a dog park. Bridgeview, which acquired the property via a Delaware Statutory Trust, plans to implement a value-add program and rebrand the property as The Adelphi. The seller was not disclosed.

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KILLEEN, TEXAS — Colliers Mortgage has provided a Fannie Mae loan of an undisclosed amount for the refinancing of Hillcrest Apartments, a 60-unit multifamily property located in the Central Texas city of Killeen. The market-rate property was built in 1974 and houses one- and two-bedroom units. Fritz Waldvogel of Colliers Mortgage originated the seven-year, interest-only loan through a partnership with Old Capital Lending. The borrower was not disclosed.

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RICHARDSON, TEXAS — Talley Riggins Construction Group has expanded its headquarters facility at Campbell Creative Center, a 96,991-square-foot industrial flex property located in the northeastern Dallas suburb of Richardson. The general contractor now occupies 13,858 square feet after signing a co-terminus lease for 3,832 square feet of contiguous space. Jared Laake and Brian Pafford of Bradford Commercial Real Estate Services represented the landlord, an entity doing business as Kennington Campbell LLC, in the lease negotiations. Chris Wright of JLL represented Talley Riggins.

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Railhead-Business-Station-Fort-Worth

FORT WORTH, TEXAS — San Diego-based investment firm Westcore has acquired Railhead Business Station, a four-building, 519,905-square-foot industrial property in North Fort Worth. The property, which was built in phases between 2000 and 2007 within the 366-acre Railhead Industrial Park, was fully leased to 11 tenants at the time of sale. Seth Koschak, Matteson Hamilton, Forrest Cook, Jeff Rein, Lee Belland III, Trey Mahla and Haili Rumsey of Stream Realty Partners represented the undisclosed seller in the transaction. Westcore was self-represented. The sales price was not disclosed.

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Alliance-Center-East-2-3-Fort-Worth

FORT WORTH, TEXAS — Hillwood is underway on construction of two speculative industrial buildings totaling 449,232 square feet at AllianceTexas in North Fort Worth. Alliance Center East 2 and 3 will both span 224,616 square feet. Designed by RGA Architects, each building will feature 32-foot clear heights, 60-foot loading bays and 185-foot truck court depths with additional land for expanded car/trailer parking. Inwood Bank provided construction financing for the project. Delivery is slated for the first quarter of 2024.

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Manor-Early-College-High-School

MANOR, TEXAS — The Independent School District of Manor, a northeastern suburb of Austin, has completed an 85,000-square-foot academic project. Manor Early College High School will serve approximately 800 students in grades nine through 12. The school, construction of which carried a price tag of about $35.5 million, will feature an open concept designed to emulate college campuses and will house a commons area, coffee shop and cafeteria. Birmingham-based HPM served as program manager for the project, providing quality control and preconstruction services, as well as maintaining schedule and budget compliance during construction.

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RICHARDSON, TEXAS — Lee & Associated has negotiated a 12,271-square-foot industrial lease at Grove Business Park in the northeastern Dallas suburb of Richardson. Jessica Reinhardt and George Tanghongs of Lee & Associates represented the landlord, an entity doing business as Dallas North Industrial LLC, in the lease negotiations. Byron McCoy of Younger Partners represented the tenant, automotive paint specialist English Color & Supply LLC.

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HOUSTON — Law firm Royston, Rayzor, Vickery & Williams has signed an 11,611-square-foot office lease at 1415 Louisiana St. in downtown Houston. The building rises 43 stories, spans 520,000 square feet and houses an 8,000-square-foot fitness center and multiple onsite food-and-beverage options. Griff Bandy and John Zivley of Partners Real Estate represented the tenant in the lease negotiations. Connor Saxe of Cushman & Wakefield represented the landlord, Wedge Commercial Properties.

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Roxann Campbell Pavlov Media Multifamily Wi-Fi

Day-to day life as a property manager in both a conventional multifamily building and student housing can be unpredictable. Hiring and staffing issues can plague many operators, resulting in the need to wear many different hats. These different hats can make it difficult for staff to fully address all of the residents’ needs. Managing a Wi-Fi system — perhaps the most crucial technology platform at any community — is one duty that the onsite team can happily offload to a third-party provider. Reliable Managed Wi-Fi Systems Roxann Campbell, vice president of regional sales at Pavlov Media, says today’s Internet-connected culture has increased the need for residents to have an absolutely reliable managed Wi-Fi system. Pavlov Media (which provides Wi-Fi & fiber services to multifamily and student properties) is an Internet service provider (ISP) that can establish connectivity throughout entire buildings while managing Internet for all of a property’s residents. This managed Wi-Fi approach benefits the buildings’ owner-operators because it offers a planned strategy for wiring and Wi-Fi signals. Routers aren’t competing against each other, as they can in communities that give their residents the option to sign up with any number of competing Internet providers. “Bulk managed Wi-Fi provides residents …

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Oak-Creek-Distribution-Center-Fort-Worth

FORT WORTH, TEXAS — Newmark has arranged joint venture equity for Oak Creek Distribution Center, a 238,289-square-foot industrial facility in Fort Worth. Oak Creek Distribution Center will be situated on a 17.8-acre site and feature a rear-load configuration, 32-foot clear heights, 130-foot truck court depths, two ramps and 63 dock-high doors. Dustin Volz, Stephen Bailey, Dom Espinosa and Zach Riebe of Newmark worked on behalf of the sponsor, Dallas-based Falcon Commercial Development, to secure the equity placement from Diamond Realty Investments. Construction is scheduled to begin later this month and to be complete by spring 2024.

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