Texas

CADENCE MCSHANE TO RENOVATE TWO SCHOOLS

by admin June 1, 2012

IRVING — Cadence McShane Construction Co. has been selected by the Irving ISD to complete expansions at Sam Houston Middle School and Albert Farine Elementary School, both located in Irving. Sam Houston Middle School, located at 3033 W. Country Club Road, will undergo a 100,000-square-foot renovation program that encompasses 50 classrooms, a library, gymnasiums, science labs, administrative offices, art, music and theater areas. Cadence McShane is slated to complete the renovation by the beginning of fall semester. Albert Farine Elementary School, located at 615 Metker St., will undergo a 71,000-square-foot renovation, including the modernization of 52 classrooms, a cafeteria, kitchen, gymnasiums and the library. Cadence McShane will also install new perimeter fencing and landscaping and will complete parking lot upgrades at each campus. PBK is providing the architectural services for each of the assignments.

June 1, 2012

BARRETT HEALTH CENTER BUYS OFFICE BUILDING

by admin June 1, 2012

MISSOURI CITY — Barrett Health Centers has purchased a 2,621-square-foot office property, located at 4642 Riverston Blvd. in Missouri City, from Maverick Steel Enterprises. The office property will serve as a chiropractic office for Dr. Richard Barrett. Jane Holloway and Larry Indermuehle of ICO Commercial represented the buyer in the transaction. Tawnya Dornak of ICO Commercial represented the seller.

June 1, 2012

Industrial Texas

M&M CAPITAL CORP. ARRANGES $11.5M SELF-STORAGE LOAN

by admin June 1, 2012

AUSTIN — Marcus & Millichap Capital Corp. (MMCC) has arranged an $11.5 million loan for the refinancing of a six-property, 2,109-unit self-storage portfolio across the State of Texas. Michael Laurencelle of MMCC's Austin office arranged the 10-year loan with a 30-year amortization schedule and a fixed rate of 5.41 percent.

June 1, 2012

Multifamily Texas

FORESTAR, CJUF TEAM UP FOR MULTIFAMILY DEVELOPMENT

by admin May 31, 2012

AUSTIN — Forestar Group has formed a multifamily venture with Canyon-Johnson Urban Funds for the development of the 257-unit Eleven, a six-story multifamily development that will be located on the southeast corner of East 11th Street and Interstate 35 in downtown Austin. Amenities will include a resort-style pool, rooftop deck, courtyard, upscale clubhouse, business center and fitness facilities. BGO Architects designed the property to obtain certification by the Austin Energy Green Building program, and Leslie Foster Interiors handled the property's interior design. Eleven is scheduled to break ground in the next 30 days.

May 31, 2012

Multifamily Texas

SBV COMMUNITIES BUYS SUMMER WIND APTS.

by admin May 31, 2012

AUSTIN — SBV Communities has purchased the 156-unit Summer Wind Apartments, located at 833 Fairfield Drive in Austin. SBV Communities, the multifamily division of Spectrum Business Ventures, now has nine Texas multifamily properties in its portfolio, but Summer Wind is the company's first venture in the Austin market.

May 31, 2012

Restaurant Texas

WOODBRIDGE CROSSING ADDS NEW RESTAURANT

by admin May 31, 2012

WYLIE — Rosa's Cafe and Tortilla Factory has broken ground on a 7,000-square-foot restaurant, located in the Woodbridge Crossing development in Wylie. The restaurant will be Rosa's Cafe's 30th location. The new Rosa's Cafe is part of a new wave of retailers coming to Woodbridge Crossing, including Ross Dress for Less, Rack Room Shoes and Rue 21. Direct Development owns Woodbridge Crossing and Super Target and Kohl's anchor it.

May 31, 2012

Restaurant Texas

NEW CHICKEN EXPRESS COMING TO RICHARDSON

by admin May 31, 2012

RICHARDSON — Murphy-based A&S Ellington Properties has recently purchased a 1.29-acre tract of land at the northwest corner of Campbell Road and Lake Park Boulevard in Richardson for the development of a Chicken Express restaurant. Rick Ikeler and Brad Gibbs of SRSRE Partners represented the buyer in the transaction. Daniel Harris of Henry S. Miller Brokerage's Dallas/Fort Worth office represented the seller, H-H Retail. The buyer plans to break ground on the new Chicken Express this summer and deliver it by December 2012.

May 31, 2012

Healthcare Texas

BROADSTONE NET LEASE ACQUIRES SIX MEDICAL OFFICES FOR $17.2M

by admin May 30, 2012

TEXAS AND OKLAHOMA — Broadstone Net Lease, a REIT managed by Broadstone Real Estate Services, has acquired six net-leased medical office properties for $17.2 million. The properties are located in Oklahoma and Texas, as well as Arkansas, Kansas and Kentucky.

May 30, 2012

Hospitality Texas

COURTYARD BY MARRIOTT SELLS FOR $15.25 MILLION

by admin May 30, 2012

ARLINGTON — Summit Hotel Properties has acquired the 103-room Courtyard by Marriott in Arlington for $15.25 million. The price also includes planned property improvements.

May 30, 2012

Texas

PINPOINT COMMERCIAL COMPLETES HUB FACILITY

by admin May 30, 2012

SAN ANTONIO — PinPoint Commercial has completed construction of an eight-building, 184,589-square-foot multipurpose facility, located in San Antonio. The property consists of several multiple-service buildings and a 50,000-square-foot office building. PinPoint developed the property on behalf of Weatherford's Artificial Lift Systems business group.

May 30, 2012

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