Texas

Waterton Acquires 432-Unit Apartment Community in Metro Houston

by Taylor Williams August 1, 2018

THE WOODLANDS, TEXAS — Chicago-based Waterton has acquired Plantation at The Woodlands, a 432-unit apartment community in The Woodlands, located about 30 miles north of Houston. The property features one-, two- and three-bedroom units and amenities such as two pools, a fitness center, a business center, game room, a playground and package delivery service. The property was acquired from a partnership controlled by CBRE Global Investors as part of a multifamily portfolio sale totaling 3,685 units.

August 1, 2018

Acquisitions Multifamily Texas

Marcus & Millichap Brokers Sale of 240-Unit Apartment Property in Fort Worth

by Taylor Williams August 1, 2018

FORT WORTH, TEXAS — Marcus & Millichap has brokered the sale of Tuscany Apartments, a 240-unit multifamily property in Fort Worth. Built in 1980, the pet-friendly property features one- and two-bedroom units and amenities such as a pool, clubhouse and on-site laundry facilities. Al Silva of Marcus & Millichap represented the seller, Lubbock-based Madera Residential, in the transaction. Silva also procured the buyer, a Dallas-based investment firm.

August 1, 2018

Leasing Activity Office Texas

Publishing Firm Signs 19,363 SF Office Lease Renewal in Houston

by Taylor Williams August 1, 2018

HOUSTON — Tulsa-based publishing firm PennWell Corp. has signed a 19,363-square-foot office lease renewal at 1455 West Loop S. in Houston. Bob Cromwell and Kevin Nolan of Moody Rambin represented the landlord, Koswood Investments NV, in the lease negotiations. Grayson Wallace and Rich Claussen of Cushman & Wakefield represented PennWell.

August 1, 2018

Acquisitions Multifamily Texas

Waterton Acquires Four Multifamily Assets Totaling 1,634 Units in Dallas Area

by Taylor Williams July 31, 2018

DALLAS AND PLANO, TEXAS — Chicago-based Waterton has acquired four multifamily assets totaling 1,634 units in Dallas and Plano. The properties include the 535-unit Gramercy on the Park in Dallas; the 417-unit Mockingbird Flats in Dallas; the 380-unit Creekside at Legacy in Plano; and the 302-unit Lakeshore at Preston in Plano. The properties, which were built between 1992 and 2012, were acquired in a portfolio sale from a partnership controlled by CBRE Global Investors for undisclosed prices. The portfolio also included multifamily assets in North Carolina, Arizona and Virginia.

July 31, 2018

Hospitality Loans Texas

CBRE Arranges $61M Construction Loan for Marriott Hotel in Dallas

by Taylor Williams July 31, 2018

DALLAS — CBRE has arranged a $61 million construction loan for the Marriott Uptown, a 255-room hotel being developed at the intersection of Carlisle and Fairmount streets in Dallas. The hotel is slated to open in May 2020 and will feature a pool, fitness center and 12,980 square feet of meeting space. Jay Wagley, John Fenoglio, Matthew Miller, Marc Sallette and Olga Lepow of CBRE arranged the financing through IBC Bank on behalf of the developer, Dallas-based Alamo Manhattan.

July 31, 2018

Industrial Leasing Activity Texas

Furniture Wholesaler Signs 487,200 SF Warehouse Lease in Metro Dallas

by Taylor Williams July 31, 2018

MESQUITE, TEXAS — Furniture wholesaler Elements International has signed a 487,200-square-foot warehouse lease at Skyline Trade Center, an 87-acre office and industrial park in the eastern Dallas suburb of Mesquite. The new space, which features a cross-dock configuration and 36-foot clear heights, will serve as the company’s headquarters as well as its chief distribution facility. The lease term is 88 months. Matt Dornak and Ryan Wolcott of Stream Realty Partners represented IDI Logistics in the lease negotiations. Nathan Lawrence of CBRE represented Elements International.

July 31, 2018

Acquisitions Multifamily Texas

L5 Investments, BH Equities Sell 364-Unit Apartment Community in Houston

by Taylor Williams July 31, 2018

HOUSTON — A partnership between California-based L5 Investments and Iowa-based BH Equities has sold Huntington Glen, a 364-unit multifamily community in southwest Houston. Built in 1982, Huntington Glen offers amenities such as two pools, a business center and a playground. The partnership acquired the asset in 2015 and implemented a capital improvement program. The buyer was Austin-based GVA Real Estate Group. Joey Rippel, Chris Young and Connor Phillips of HFF represented the partnership in the sale.

July 31, 2018

Acquisitions Multifamily Texas

WWC Purchases 161-Unit Apartment Property in Metro Houston for $14.9M

by Taylor Williams July 31, 2018

SPRING, TEXAS — Western Wealth Capital (WWC) has purchased Wimbledon Apartment Homes, a 161-unit multifamily property in the northern Houston suburb of Spring, for $14.9 million. The property was built in 1979 and features one-, two- and three-bedroom units. Amenities include a pet park, business center and a coffee bar. This transaction marks WWC’s first acquisition of a multifamily property in Houston and its fourth overall in Texas.

July 31, 2018

Development Industrial Mixed-Use Texas

Hines Buys Land in Northwest Houston, Plans 1.5 MSF Mixed-Use Development

by John Nelson July 30, 2018

HOUSTON — Hines has purchased 107 acres in northwest Houston from Maxaam Inc. with plans to build a new 1.5 million-square-foot mixed-use development. Houston-based Hines is currently completing design for the two-phase logistics park, now branded as Grand National Business Park. Situated at the corner of Sam Houston Tollway and Gessner Road near the Sam Houston Race Park, the project will include a logistics center, hotel and retail space. Phase I will consist of 500,000 square feet of logistics space. Jim Foreman and Allison Bergman of Cushman & Wakefield are leasing the project on behalf of Hines. No construction timeline or costs were disclosed.

July 30, 2018

Company News Retail Texas

RadioShack Partners with HobbyTown to Open 100 New Express Locations Nationwide

by John Nelson July 30, 2018

FORT WORTH, TEXAS AND LINCOLN, NEB. — Fort Worth-based RadioShack has partnered with Lincoln, Neb.-based retailer HobbyTown to open more than 100 new express stores nationwide. RadioShack will start by opening 60 locations of its store-within-a-store concept at HobbyTown stores across the country. The new express store will sell RadioShack-branded electronics. The move will bring RadioShack’s merchandise to several suburban markets. Founded in 1921, RadioShack is owned today by General Wireless Operations Inc., which acquired the brand in March 2015.

July 30, 2018

Newer Posts

Older Posts