RNR Real Estate Briefs – Texas & more

RNR Real Estate Briefs from Realty News Report  – – HOUSTON – CommGate announced its 2024 Development Showcase will be held April 18, 4:30 to 7:30 p.m. at the Amegy Tower Conference Center. Commercial real estate professionals may register online.


HOUSTON — Colliers  announced the sale of an 89,820 SF office building on 3.63 acres at 16701 Greenspoint Park Drive in the North Houston District. Bill Ginder  of Caldwell Companies  represented the buyer. The seller, Greenspoint Property Management,  was represented by David Carter  of Colliers.


HOUSTON – Nan and Company Properties,  an affiliate of Christie’s International Real Estate,  will open an office in The Woodlands at 9002 Six Pines Drive. Nancy Almodovar  is president and CEO of Nan and Company. The founding team of The Woodlands office is made up of Jenny  and Chris Elmi   from The Elmi Group  and Elise Repa  and Jeni Mitchell  from Better Homes and Gardens Real Estate.


HOUSTON — Marcus & Millichap  handled the sale of Richmond at 610 Loop Professional Building,  a 10,752 SF structure located just inside the Loop, across from Luling Barbecue. Gus Lagos, Alex Wolansky  and Caroline Johnson  of Marcus & Millichap represented the seller. The property, 4740 Ingersoll St., was purchased all-cash at 99 percent of the list price.


PEARLAND, Texas — Knightvest Capital,  a multifamily investment company, announced its acquisition of Discovery at Shadow Creek Ranch,  a 347-unit apartment community in Pearland, south of Houston. The community, west of Highway 288 and north of Broadway, will be renamed Barron Park.


SPRING, Texas — Linda Crumley  of SVN J. Beard Real Estate – Greater Houston  handled the sale of a 5,000 SF office building at 21025 Spring Brook Plaza Drive. The seller was Charles Dixon  of Dixon Family Real Estate, Ltd.   The buyer, a private investor group, was represented by Tom Condon  of Colliers.


HOUSTON — R.G. Miller | DCCM,  a civil engineering firm, leased 28,791 SF for its corporate headquarters at Eldridge Oaks,  a 14-story office building at 1080 Eldridge Parkway. Avison Young  principals Anthony Squillante  and Drew Coupe  represented the tenant. The landlord, an affiliate of Broadshore Capital Partners, was represented by Brad Fricks  and Matt Asvestas  of Stream Realty Partners.


HOUSTON — InterUrban Cos. has sold Woodland Hills Village, a 260-unit apartment complex at  2139 Lake Hills Drive in Kingwood. The buyer was a Dallas-based value-add firm with 7,000 units in Texas. Berkadia’s Kyle Whitney, Chris Young, Joey Rippel, Chris Curry and Jeffrey Skipworth represented the seller.


LaMARQUE, Texas — Trent Vacek  of CMI Brokerage  represented the seller of an industrial property at 412 and 500 Main St. in La Marque. The 24,000 SF warehouse and office building sits on 3.6 acres and its potential uses include warehousing, distribution and manufacturing. The buyer’s broker was Debbie Grigg  with Nexthome First Source.


MAGNOLIA, Texas – Marcus & Millichap announced the sale of 6.8 acres of land on FM 1488 in Magnolia. Daniel DeHart of Marcus & Millichap had the exclusive listing. The buyer, a developer, was secured and represented by Daniel DeHart.

TEXAS — RNR Real Estate Briefs from Realty News Report

AUSTIN – Stream Realty Partners  announced that RiverSouth,  its office development in Austin, has inked a 98,761 SF lease with Tokyo Electron.  This addition brings RiverSouth’s office space occupancy to 98 percent 18 months after the building was completed. Situated south of Lady Bird Lake at 401 S. 1st St., the building is a 15-story, 372,000 SF tower. Stream  managing directors and partners Brad Philp  and Connor Greissing  handle leasing for the building.


FORT WORTH – Marcus & Millichap  handled the sale of 3401 Golden Triangle Blvd., a 5,912 SF multi-tenant medical center on 1.4 acres. Gus Lagos  and Alex Wolansky  of Marcus & Millichap’s Houston office had the exclusive listing. The buyer was represented by Marty McAdams  of McAdams & Associates.


LAKE WORTH, Texas — JLL Capital Markets  closed the sale of Lake Worth Marketplace,  a 197,553 SF Kohl’s-anchored retail power center west of Fort Worth. JLL represented the seller. Vista Property Company,  based in Dallas, acquired the asset. The JLL Retail Capital Markets Investment Sales Advisory team  was led by Barry Brown, Chris Gerard, Erin Lazarus, Keenan Ryan  and Ben Pollack.


AUSTIN – Presidium is developing a 307-unit apartment complex in Velocity, a 314-acre mixed-use project in southeast Austin. Velocity is located at the southwest corner of State Highways 71 and 130, minutes away from the Tesla Gigafactory. The general contractor is Provident General Contractors and the architect is O’Brien Architects. Other team members include: Kimley-Horn and Associates Inc., Salas O’Brien, United Structural Consultants, Hitchcock Design Group and Dwell Design Studio.


AUSTIN– Shorenstein Properties LLC of San Francisco sold the Bravo Buildingto the Teacher Retirement System of Texas as the second part of the TRS campus purchase to relocate its headquarters in the Mueller Business District, a mixed-use neighborhood in East Austin. The Bravo Building is a six-story, 248,000 square-foot office building designed by Page Southerland Page with 40,000-SF floor plates. Shorenstein plans to develop two more buildings, called Charlie and Delta buildings

NATIONAL — RNR Real Estate Briefs from Realty News Report

SAN FRANCISCO –Transwestern Real Estate Services brokered the sale of a two-complex multifamily portfolio consisting of Vermont Hills Apartments in Hayward, Calif., and the Brightmoor Apartments in San Leandro, California, for $29,755,500.


ATLANTA – Kamstrup Water Metering, LLC, opened its new North American headquarters and manufacturing facility in Cumming, Ga. , Kamstrup, based in Denmark, worked with JLL’s Joey Kline in leasing 150,000 SF.


DENVER, Colo. — JLL Capital Markets  closed the $68.25 million sale and the $43.177 million acquisition financing of Allure Apartments,  a 252-unit property in the Cherry Creek South neighborhood of Denver. JLL worked on behalf of the seller and procured the buyer, Gelt Incorporated.   JLL also worked on behalf of the new owner to secure the seven-year loan through Freddie Mac Multifamily. The loan will be serviced by JLL Real Estate Capital, LLC,  a Freddie Mac Optigo lender.


ATLANTA — Vision Properties announced that Wildwood Center, a 692,707-SF office building in Atlanta’s Northwest submarket, has been successfully refinanced. Wildwood Center has seen 262,680 SF of recent lease transactions, including new leases and renewals. JLL’s David Horne, Glenn Aspinwall and Alexis Easterling handle leasing.

March 23, 2024 Realty News Report Copyright 2024

Photo: Cynthia Lescalleet Copyright 2024 CALpix

RNR Real Estate Briefs are published by Realty News Report

THE RALPH BIVINS PROJECT PODCAST

Listen: THE RALPH BIVINS PROJECT podcast with Dean Strombom of Gensler

LISTEN: THE RALPH BIVINS PROJECT podcast with Lou Cushman of Cushman & Wakefield

LISTEN: THE RALPH BIVINS PROJECT podcast with Edward Griffin of Griffin Partners

LISTEN: THE RALPH BIVINS PROJECT podcast with Bill Odle of TBG Partners

LISTEN: THE RALPH BIVINS PROJECT podcast with Cathy Treviño, chair of HAR

LISTEN: THE RALPH BIVINS PROJECT podcast with Rusty Tamlyn of JLL Capital Markets

 LISTEN: THE RALPH BIVINS PROJECT podcast with Carlos Bujosa of Transwestern 

LISTEN: THE RALPH BIVINS PROJECT podcast with  Mike Spears of Lee & Associates Houston

LISTEN: THE RALPH BIVINS PROJECT podcast with Michael Scheurich of Arch-Con   

LISTEN: THE RALPH BIVINS PROJECT podcast with David Schwarz of Transwestern

NEW NEW NEW -THE RALPH BIVINS PROJECT New Audio on Spotify:

RNR Real Estate Briefs are published by Realty News Report

Additional news briefs

RNR Real Estate Briefs Reported March 16, 2024

RNR Real Estate Briefs Reported March 9, 2024

RNR Real Estate Briefs Reported March 2, 2024

RNR Real Estate Briefs Reported Feb.24, 2024

RNR Real Estate Briefs Reported Feb. 10, 2024

RNR Real Estate Briefs Reported Feb. 3, 2024

RNR Real Estate Briefs Reported Jan. 27, 2024

RNR Real Estate Briefs Reported Jan. 6, 2024

RNR Real Estate Briefs Reported Dec 16, 2023

RNR Real Estate Briefs Reported Dec. 2, 2023

RNR Real Estate Briefs Reported Nov. 18, 2023

RNR Real Estate Briefs Reported Nov. 11, 2023

RNR Real Estate Briefs Reported Nov. 4, 2023

RNR Real Estate Briefs Reported Oct. 28, 2023

RNR Real Estate Briefs Reported Oct. 21, 2023

RNR Real Estate Briefs Reported Oct, 14, 2023

Follow us on X (Twitter)  @RNRBulletin

RNR Real Estate Briefs

NEW  – The Ralph Bivins Project podcast now on Spotify Click Here

RNR Real Estate Briefs – Texas & more

 

 

Related posts

Tower Tops Out Near River Oaks

Realty News Report

RNR Real Estate Briefs – Texas & more

Realty News Report

Eagle Ford Shale Facility Sold

Realty News Report

Leave a Comment