Texas

Presidium Begins Leasing 408-Unit Apartment Community at Alliance Town Center in Fort Worth

by Taylor Williams November 10, 2020

FORT WORTH, TEXAS — Texas-based multifamily developer Presidium has begun leasing Presidium Revelstoke, a 408-unit apartment community located within Alliance Town Center in Fort Worth. O’Brien Architects designed the property, which is situated on 17.2 acres. Amenities include a pool with cabanas, fitness center with spin and yoga studios, outdoor grilling and game area, a 10,000-square-foot clubhouse with a demonstration kitchen and business center, a community playground and a dog park. Kimley-Horn served as the civil engineer for the project, and Provident General Contractors handled construction. Full completion is scheduled for next year.

November 10, 2020

Development Industrial Texas

Tailwind Real Estate Equities, Gulf Corp. Underway on 300,000 SF Spec Industrial Facility in Laredo

by Taylor Williams November 10, 2020

LAREDO, TEXAS — A partnership between Tailwind Real Estate Equities and Dallas-based Gulf Corp. is underway on construction of Tailwind II Logistics Center, a 300,000-square-foot speculative industrial facility in the South Texas city of Laredo. Tailwind II Logistics Center will feature 36-foot clear heights, 112 dock-high doors, 140 car parking spaces and 199 trailer parking spaces. CBRE is handling leasing of the project, which is expected to be complete in fall 2021.

November 10, 2020

Acquisitions Company News Industrial Office Texas

Tuesday Morning Agrees to Sell Dallas Headquarters, Warehouses for $60M

by Taylor Williams November 10, 2020

DALLAS — Home goods discount retailer Tuesday Morning has entered into an agreement with Miami-based Rialto Capital to sell its Dallas headquarters building, located at 6250 LBJ Freeway, and three warehouses for $60 million. The deal comes several months after the Dallas-based retailer filed for Chapter 11 bankruptcy, citing major financial losses stemming from the COVID-19 pandemic. Tuesday Morning is also closing 230 stores, or roughly a third of its total inventory, across the country. The deal is expected to close by the end of the year.

November 10, 2020

Company News Office Texas

Weitzman Launches Office Leasing Services for Central Texas

by Taylor Williams November 10, 2020

AUSTIN, TEXAS — Weitzman has expanded its corporate services platform by launching a new branch in Austin that will focus on tenant solutions for office users in Austin and the surrounding Central Texas market. The new platform will offer services such as strategic planning and needs assessment, financial, market and labor analyses, lease restructuring, renewals, relocations, expansions, subleasing and disposition of excess space, acquisitions, dispositions and build-to-suits. Matt Epple, executive vice president and director of brokerage for Weitzman, will lead the new office. Weitzman’s office management portfolio in Texas currently spans more than 1 million square feet, including buildings in Austin such as downtown’s Scarbrough and Littlefield Buildings and the office tower at Capital Plaza.

November 10, 2020

Market Reports Office Texas Texas Market Reports

Market Mystery: Why DFW Presents a Strong Case for Quick Recovery

by Taylor Williams November 10, 2020

By Nora Hogan, SIOR, principal at Transwestern The immediate future of the Dallas-Fort Worth (DFW) office leasing market is an enigma. Real estate professionals believe we are near the top of a V-shaped recovery curve. However, many tenants disagree and are being cautious about their office leasing decisions. Due to the pandemic, tenants became innovative in providing ways to service their customers. They have learned they can operate, survive and even excel under the current business environment, and thus are delaying their lease decisions. Tenants are learning which employees can work productively without the boundaries of the office. The million-dollar question is whether or not this partial work-from-home model is sustainable. Some employers think not, while others are betting that it has staying power and have placed either all or a portion of their office space on the sublease market. Today, sublease space in DFW represents 15 percent of the total vacant square footage. This percentage is higher than the volume of sublease space that the market posted during the dot-com recession of 2002. Currently the total sublease square footage is 9.5 million, which is almost identical to the December 2002 sublease inventory peak. The difference is that in 2002, …

November 10, 2020

Acquisitions Multifamily Texas

Cantor Fitzgerald, CAF Management Buy 444-Unit Apartment Community in Irving

by Taylor Williams November 9, 2020

IRVING, TEXAS — A joint venture between affiliates of Cantor Fitzgerald Investors LLC and CAF Management LLC has purchased The Station at MacArthur, a 444-unit apartment community located in the Las Colinas district of Irving. The property features townhouse-style residences in one-, two- and three-bedroom formats with an average unit size of 1,031 square feet. Amenities include four pools, a two-story fitness center, business center and a pet park. The property was approximately 95 percent leased at the time of sale. The seller was not disclosed.

November 9, 2020

Industrial Leasing Activity Texas

TAXA Outdoors Signs 69,356 SF Industrial Lease in Northwest Houston

by Taylor Williams November 9, 2020

HOUSTON — TAXA Outdoors, a provider of mobile camping trailers, has signed a 69,356-square-foot, full-building industrial lease at 7930 Blankenship Drive in northwest Houston. According to LoopNet Inc., the property was built in 1970 and features 22-foot clear heights and more than 10,000 square feet of office space, as well as fenced truck courts and outside storage capacity. Geoff Perrott and Jeff Venghaus of JLL represented the tenant in the lease negotiations. Nick Peterson and John Ferruzzo of Transwestern represented the landlord, Prologis.

November 9, 2020

Loans Multifamily Texas

Colliers Provides Fannie Mae Acquisition Loan for 85-Unit Apartment Complex in Metro Dallas

by Taylor Williams November 9, 2020

DESOTO, TEXAS — Colliers Mortgage has provided an undisclosed amount of Fannie Mae green acquisition financing for The Corners Apartments, an 85-unit multifamily complex located in the southern Dallas suburb of DeSoto. The property was built in 1984 and renovated in 2019. Colliers provided the 12-year loan through a partnership with Old Capital Lending. The borrower was not disclosed.

November 9, 2020

Acquisitions Multifamily Seniors Housing Texas

The Ensign Group Acquires 82-Bed Skilled Nursing Facility in Amarillo

by Taylor Williams November 9, 2020

AMARILLO, TEXAS — The Ensign Group Inc. (NASDAQ: ENSG) has acquired the real estate and operations of The Medical Lodge of Amarillo, an 82-bed skilled nursing facility in Amarillo. The property was 45 percent occupied at the time of acquisition. This property brings Ensign’s portfolio to 227 healthcare operations, 24 of which also include assisted living operations, across 13 states. Ensign owns 95 real estate assets.

November 9, 2020

Acquisitions Healthcare Texas

Edge Realty Partners Arranges Sale of 17,150 SF Medical Office Building in Houston

by Taylor Williams November 9, 2020

HOUSTON — Edge Realty Partners has arranged the sale of a 17,150-square-foot medical office building located at 3222 Hillcroft Ave. in between Houston’s Uptown and Westchase neighborhoods. According to LoopNet Inc., the single-story property was built in 1969 and renovated in 2014. Micha Van Marcke and Chace Henke of Edge Realty Partners represented the undisclosed seller in the transaction. Other terms of sale were not released.

November 9, 2020

Newer Posts

Older Posts