RNR Real Estate Briefs – Texas & more

RNR Real Estate Briefs from Realty News Report  – HOUSTON – – M-M Properties and CBRE announced that global law firm Weil, Gotshal & Manges LLP has expanded and extended its lease space at TC Energy Center, located at 700 Louisiana Street in downtown Houston. Weil will be relocating within the 1.2 million-SF office building to 22,814-SF on the 37th floor. CBRE’s John Spafford represented M-M Properties and John Burke of JLL represented Weil.


HOUSTON – Partners Real Estate  arranged a 10,196 SF office lease renewal with Southeast Texas Regional Advisory Council at 1111 North Loop West. Partners’ Ryan Hand, Harry Holmes  and Charlie Neuhaus  represented the tenant. Guy Brown  of Texas Overland  represented the landlord, Nitya Capital.


HOUSTON— Peers Holdings QOF, LLC, purchased an 1,800 SF former gas station property at 9430 Mesa Drive in Houston. The firm intends to convert the facility into a retail building. The sellers, Fadi and Rola Georges, were represented by Cotton Munson  of Davis Commercial.


HOUSTON – Oxford Partners  recently represented The Reisner Group in the lease and relocation of 4,123 SF at 1011 Highway 6 South in Houston. Oxford Partners’ Jacob Summers  and Vincent Vega  represented the tenant, The Reisner Group. The landlord, B.H. Commercial Portfolio, LLC, was represented by Paula Musa  of Transwestern.


HOUSTON – Partners Real Estate arranged a 4,055-SF office lease with Omega Transactions Corporation at 5858 Westheimer Road. Partners’ John Zivley represented the tenant in the transaction. Kevin Nolan and Kurt Kitsler with Colliers represented the landlord, TCP Spectrum Partners, LTD.


NEW CANEY, Texas – Island Vibes Daiquiris To Go recently opened an 1,100 SF location at Caney Crossing, 20172 Highway 59 in New Caney. This is the firm’s second site in the Houston area. Melissa Gerber Brams  of Gerber Realty represented the tenant, Caney Holdings LLC, and Corinne Agrella  of Criss Cross Commercial Group  represented the landlord.


HOUSTON –  Partners Real Estate arranged a 6,962-SF office lease renewal and expansion with Shepard, Smith, Edwards, & Kantas Ltd, LLP at 1010 Lamar Street in Houston. Partners’ John Zivley represented the tenant. Monte Calvert of Transwestern represented the landlord, MC TRS 2 LLC.


HOUSTON – Partners Real Estate arranged the sale of a multi-tenant net leased 12,521-SF ambulatory surgery center located at 444 FM 1959 in Houston..
Partners’ Ryan McCullough, Connor Watson, Cary Latham and Wyatt Huff represented the seller, Ellington Properties LLC.

TEXAS — RNR Real Estate Briefs from Realty News Report

AUSTIN – Endeavor Real Estate Group  of Austin has closed a $610 million private equity fund. Called Endeavor Opportunity Partners III, LP, it will be invested in commercial real estate in Austin, Dallas, Nashville, Charlotte and Salt Lake City – with a particular focus on Central Texas. The $610 million is anticipated to yield a total anticipated capitalization, including anticipated leverage and co-investment opportunities, in excess of $1.5 billion. It’s the third and largest Endeavor fund in the firm’s 20-year history.


DALLAS — Brazos Residential, LLC,  a Dallas-based real estate private equity firm specializing in multifamily investments, acquired the 606-unit Thread Apartments in Dallas. The sale was brokered by Taylor Snoddy  and the financing was arranged by Kevin Leamy,  both from Northmarq’s  Dallas office.


SAN ANTONIO – Oxford Partners  represented LaRonda and Randall White in the purchase of the 5,000 SF building on FM 1436 in San Antonio. Oxford Partners’ D.J. Hale  represented the buyer while Jessica Bacchus  of 1st Brokerage  represented the seller.


DALLAS – CSMS, LLC, has signed a 98,132 SF renewal and expansion, adding 5,625 SF of industrial space at 460 W. Mockingbird Lane, Dallas. Brian Pafford  of Bradford Commercial Real Estate Services  represented the landlord, GKI Industrial Dallas, LLC. David Easterling  of CBRE  represented the tenant.


GEORGETOWN, Texas – Partners Real Estate arranged the sale of 35 acres at 6140 FM 3505 in Georgetown, near Austin. Partners’ Aaron Gill represented the buyer, 3405 Investments, LLC in the transaction. Matt Trammell of Trammell and Associates represented the seller.

NATIONAL — RNR Real Estate Briefs from Realty News Report

CHARLOTTE, N.C. – Transwestern Real Estate Services  brokered the sale of 605 Munn Road, a Class A, 168,078 SF office property in Fort Mill, S.C. Transwestern’s John Bell  and Kevin Markwordt  represented the seller in the disposition, a CMBS Trust serviced by Argentic Services Company, LP, of Plano.


NORTH CHARLESTON, S.C. — Dallas-based HALL Structured Finance  has provided a $20 million, first lien, construction loan to finance the development of an Element by Westin hotel in North Charleston, S.C., a mile north of the Charleston Convention Center. The five-story, 125-room extended-stay hotel will include 300 SF of meeting space. Guestrooms will range from 270 SF studio-style units to 642 SF suites with kitchens.


PHOENIX – Cushman & Wakefield  brokered the sale of a 109-key TownePlace Suites by Marriott hotel asset in Chandler, Ariz. The buyer was Washington-based Trimark X, LLC.  Bill Murney  with Cushman & Wakefield’s Western US Hospitality team in Phoenix represented the seller, Peachtree Group.

CHARLOTTE, N.C. — Portman  announced True Food Kitchen restaurant and bar is joining the ground-floor retail experience at its 24-story, 370-unit Linea residential tower at 2161 Hawkins St. in Charlotte.

ETC

$255 Million Single-Family Refi by JLL

HOUSTON JLL Capital Markets arranged a $255 million credit facility for single-family rental homes located across Texas. Upon close, the facility refinanced an initial portfolio of homes in Houston, Dallas-Fort Worth, San Antonio and Bryan/College Station.

JLL worked on behalf of the borrower, Camillo Properties Ltd. doing business as SimplyHome, to secure the bridge facility through Churchill Real Estate, a real estate investment firm with $6 billion outstanding across more than 60 facilities in its lender finance business as of Q2 2023. SimplyHome is one of the largest private owners of purpose-built SFR in the country, and since inception, SimplyHome has scaled its holdings into 10,000 homes in 100 different neighborhoods.

The JLL Capital Markets Debt Advisory team representing the borrower was led by Colby Mueck, Matthew Putterman, Laura Brown and Davis Burnett.


July  15, 2023 Realty News Report Copyright 2023

700 Louisiana photo courtesy CBRE

File: RNR Real Estate Briefs

RNR Real Estate Briefs are published by Realty News Report

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RNR Real Estate Briefs are published by Realty News Report

Additional news briefs

RNR Real Estate Briefs Reported June 23, 2023

RNR Real Estate Briefs Reported June 17, 2023

RNR Real Estate Briefs Reported May 26, 2023

RNR Real Estate Briefs Reported May 6, 2023

RNR Real Estate Briefs Reported April 29, 2023

RNR Real Estate Briefs Reported March 31, 2023

RNR Real Estate Briefs Reported March 18, 2023

RNR Real Estate Briefs Reported  March 3, 2023

RNR Real Estate Briefs Reported Jan. 14, 2023

RNR Real Estate Briefs Reported Jan. 21, 2023

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