RNR Real Estate Overview from Real Estate News Report – Houston – Colliers announces the sale of a 9,855 SF assisted living facility located at 10050 West Road. Sonali Mansukhani of Keller Williams Signature Realty represented the buyer. The seller, 3 MS Investments, Inc., was represented by Elena Bakina of Colliers.
HOUSTON — nVntori leases 300,000 SF at 9255 Railwood Drive. Boone Smith and Garret Geaccone of Stream Realty Partners represented the landlord, DRA Advisors, LLC. Kent Willis of Colliers represented the tenant.
HOUSTON – Law firm Reynolds Frissell LLP has renewed and expanded its lease at the 1100 Louisiana building. Savills said the company leased 23,000 SF, an increase of 35%. Reynolds Frizzell was represented by Jim Bell, Kyle Kelly and Jennifer Meehan of Savills. Developed by Hines in 1980, 1100 Louisiana is a 1.3 million SF tower. The 55-story building, designed by Skidmore, Owings & Merrill, is bounded by Smith Street, Dallas Street, Lamar Street, and Louisiana Avenue.
HOUSTON – Rice University and Rice Real Estate Company announced a new partnership with Occidental Petroleum Corporation (OXY), Fathom Funds and Activate. Aeon is currently 90% leased. The lease agreement underscores Aeon’s role in supporting startups and innovation in Houston’s thriving Midtown district. OXY will occupy 6,500 SF of ION within a 266,000 SF redeveloped Sears store at the corner of Main Street and Wheeler Avenue.
Deer Park, Texas — Katie Keyes of Junction Commercial Real Estate represented RBD Development, LLC in the lease of a 7,520 SF industrial building located at 7003B Highway 255 in Deer Park. The private tenant was represented by Carolyn S. Fincher of Smith Raines.
HOUSTON — Multifamily investment firm Nightvest Capital has acquired the 362-unit San Sierra Apartments in northwest Houston. Originally built in 2008 by Houston developer SUEBA, this townhome-style community features spacious floor plans averaging over 1,300 square feet. David Moore is the founder and CEO of Knightvest.
HOUSTON — GCP Paper USA, Inc. leased 99,926 SF at 971 North Sam Houston Parkway East. Jeremy Lumbreras and Woody Hillyer of Stream Realty Partners represented the landlord, High Street Logistics Properties. Joseph Smith and Jordan Enger of CBRE represented the tenant.
HOUSTON — Oxford Partners represented Michael Vaughn Kavanaugh in the purchase of 2.3 acres on Windfern Road. Matt Rogers of the University of Oxford represented the buyer and Cody McMillam of Vision Real Estate represented the seller.
HOUSTON – MetroNational announced the opening of Blacksmith at 820 Gessner Road in Memorial City. The 1,752 SF outpost at Two Memorial City Plaza is an 18-story Class A office tower and will be the locally owned and operated coffeehouse’s second location. Danna Diamond is Memorial City’s vice president of retail leasing.
HOUSTON — Ambipar Response Texas, LLC leased 13,875 SF at 1218 Carpenter Road. Abraham Richardson and Matt Blackburn of Stream Realty Partners represented the tenant. Doc Perrier of Outpost Partners represented the landlord, Fitz Plus, LLC.
HOUSTON — Oxford Partners represented Roben Camp PLLC in the lease renewal of 3,008 SF located at 550 Westcott St. Perry Mazzone of Oxford Partners represented the tenant. The landlord, Gupta Parkside Limited Partnership, LLC, was represented by Robert LaCoure and Bryce Adams of Cushman & Wakefield.
HOUSTON — Lyte Fiber, LLC leased 11,004 SF at 1287 North Post Oak Road. Boone Smith and William Carpenter of Stream Realty Partners represented the landlord, Prologis. Claire Douthit of CBRE represented the tenant.
PEARLAND, Texas – Berkley Development, a veteran-led real estate investment and development company, announced the sale of a 13.7-acre suburban infill project in Pearland. The project includes 109 completed lots sold to local developers for a build-to-rent (BTR) community. The development is located at the intersection of Cullen Boulevard and Fitt Road.
HOUSTON — Oxford Partners represented Verisource Services, Inc. in the lease renewal and downsizing of 5,068 SF located at 7600 W Tidwell Road in Houston. Ryan Hartsell of Oxford Partners represented the tenant. The landlord, Versa Creative, was represented by Monte Calvert of Transwestern.
Magnolia, Texas – SVN J. Beard Real Estate has promoted the sale of 1.1 acres of land located at 26842 FM 2978 near the newly developed North Grove residential community in Magnolia. Diana Gaines of SVN J. Beard Real Estate represented the seller, Toll Houston TX LLC, and the buyer, STNL Development LLC, was represented by David Boyd of Boyd Commercial.
Texas — RNR Real Estate Overview from Real Estate News Reports
Lubbock, Texas – Vista 2407 Plazas, Ltd., a real estate investment partnership sponsored by The Vista Companies, has acquired The Plazas at 9th Street, a 21,000 SF retail center near Texas Tech University. The center is 100% occupied with tenants including Torchy’s Tacos, Amazon, and Barefoot Athletics. Acquisition financing was provided by StanCorp through JLL, and the closing was conducted by Lesley Mann of Charter Title. The buyer was represented by Chris Gainey of Marcus & Millichap in Dallas. Property management will be provided by Vista Management Company under the direction of Nubia Gilliam, and leasing will be led by Courtney Lavender, Vista’s senior vice president of leasing.
Round Rock, Texas – Sabey Data Centers, a data center designer, builder and operator, has completed construction of a 430,000 square foot data center in Round Rock, near Austin. SDC Austin is designed to maximize available data center space while minimizing construction footprint.
Laredo, Texas – VanTrust Real Estate, LLC announced that the global transportation and logistics company will occupy space in a 432,085 SF spec building in the North Laredo Industrial Park. The facility is adjacent to Interstate 35 and the Port of Laredo near the U.S.-Mexico border. Kristina Madayag of KBC Advisors and Carlo Molano of Forum Commercial Real Estate represented the tenant. CBRE’s Joshua Aguilar and Rob Burlingame represented VanTrust.
FORT WORTH — Hillwood, developer of the 27,000-acre master-planned mixed-use Alliance Texas development, has broken ground on Alliance Westport 24, a 1.1 million SF speculative industrial building. You will have direct access to FM 156 and the BNSF Rail Alliance intermodal complex, one of the nation’s largest airline hubs. Alliance Westport 24 is expected to be completed in the fourth quarter of 2025.
PLANO, Texas — Aither Systems, LLC leased 26,828 square feet of office and warehouse space at Plano Office Commons II on Shiloh Road from GH Plano Tech Center Inc. Brian Pafford and Richmond Collinsworth of Bradford Commercial Real Estate Services represented the landlord.
SAN ANTONIO – The Finial Group announced that Open Set Studios has leased a 5,000 SF warehouse located at 13106 Lookout Ridge in San Antonio. William Alcorn and Jack Gaffney represented the landlord.
CARROLLTON, Texas – Cushman & Wakefield has arranged the sale of Lux on Main, a 352-unit transit-oriented multifamily residential community located near Dallas. Asher Hall and Grant Raymond of Cushman & Wakefield represented the seller, Neame Real Estate. This community was acquired by RPM Living.
SAN ANTONIO — DXD Capital, a private equity investor and self-storage developer, announced a groundbreaking ceremony for a new high-rise Class A climate-controlled storage facility in San Antonio. The facility at 11202 Misty Woods St. will offer 870 individual storage units totaling 80,490 SF. Reliable Commercial Construction is the general contractor and Wintrust is the construction financier. Facility management will be handled by Extra Space Storage.
AUSTIN – JLL Capital Markets has secured a $55 million loan for Urban East, a newly constructed 381-unit apartment complex located at 6400 East Riverside in Austin. JLL facilitated variable rate loan through Goldman Sachs Alternatives on behalf of owners including Battery Global Advisors, City of Austin Housing Authority, River City Capital Partners and LDG Development .
ABILENE, Texas — Newmark Group served as strategic advisor to Blue Owl Capital, Primary Digital Infrastructure, and Crusoe Energy Systems LLC in a $3.4 billion joint venture to build a purpose-built data center at the Rancium Clean Campus in Abilene.
NATIONAL — RNR Real Estate Overview from Real Estate News Reports
ATLANTA, GA — Finial Group of Houston announced the acquisition of a 33,350 SF industrial portfolio located at 4946, 4948 and 4974 Cobb Parkway in Atlanta. Final’s Jack Gaffney, John Buckley and Kevin Coleman facilitated the acquisition as part of Final Group’s single-tenant industrial aggregation fund.
SCOTTSDALE, Ariz. — The Beverly, a new 314-unit apartment community in Arizona from Dallas-based Streetlights Residential, is now for rent. StreetLights has offices in Dallas, Atlanta, Orlando, Phoenix, and San Diego.
MINNEAPOLIS, MN – B-Side Apartments, a 147-unit transit multifamily community in Minneapolis, has been acquired by Turner Impact Capital, a leading real estate investment firm focused on social impact. JLL represented the seller, Saturday Properties, and procured the buyer.
New York, NY – Cushman & Wakefield is pleased to announce that the Austin-based firm’s Chase Johnson and Caleb Reeve Equity Debt & Structured Finance team will be building a 246,343 SF building at 321 W. 44th St. announced that it has closed a $24 million financing deal to acquire The Plant, an office building in the United States. In New York.
Midway Moran Hotel upgrades and more.
HOUSTON – Midway, a Houston-based fully integrated real estate investment and development company, announced that a portion of the innovative renovation of The Moran City Center Hotel has been completed. The multi-million dollar renovation is aimed at improving the overall guest experience and features a new breakfast restaurant concept called Café Moran, expanded and enhanced meeting space, and refreshed guest rooms.
“This innovative renovation of The Moran contributes to our vision of creating a vibrant City Center environment and a diverse mix of retail, office and hotel accommodation that appeals to Houstonians and visitors alike. “We do,” said Beau Sanford, Midway’s chief risk officer.
Moran City Center is a contemporary hotel celebrating Midway founder Jim Moran with 244 modern guest rooms, a presidential suite, and extended-stay condominiums.
October 19, 2024 Real Estate News Report, Copyright 2024
Caption: Houston skyline
Photo credit: Ralph Bivins, Realty News Report Copyright 2024
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