BOULDER, CO—Avanath Capital Management has acquired Depot Square, a 71-unit affordable housing community for $13.6 million. This is the firm's first acquisition in Colorado. Depot Square is a class-A LEED Gold Certified affordable property near the new Boulder Google campus, and was built as one component of Boulder Junction, a 160-acre mixed-use transit-oriented development which includes a 150-room hotel, a restaurant, five-story parking structure and an underground RTD bus station.

DALLAS—Boxer Property has concluded expansion negotiations with the law firm of Aaron A. Herbert, PC at 8330 Lyndon B Johnson Fwy. The rapidly growing firm has expanded to 6,256 square feet of office space. This is the firm's second expansion within the last six months. Senior broker, Alexander Renwick, represented Boxer Property during negotiations and dealt with The Michael Group Real Estate's Alex Hwang, who represented the tenant.

DALLAS—Holliday Fenoglio Fowler LP has secured a $20 million refinancing for a portfolio of eight Walmart shadow-anchored retail strip centers totaling 172,152 square feet in various Texas cities. HFF worked on behalf of the borrower, N3 Real Estate, to place the three-year, floating-rate, non-recourse loan with two one-year extension options with Southside Bank.

ENGLEWOOD, CO—ARA Newmark announces the $38.6 million sale of Amberley Heights, a two-building, 96-unit condo-quality asset located in the upscale commercial and residential community of Inverness. The property, with larger-than-average units, sold for more than $402,000 per unit and $267 per square foot, making it the highest-ever sale price per unit at the time of sale for a suburban Denver property, excluding Boulder. Vice chairmen Terrance Hunt, Shane Ozment, Jeff Hawks and Doug Andrews and executive managing director Chris Cowan represented Colorado-based developer Peter Kudla of Metropolitan Residential Advisors in the sale to a private buyer, represented by Granite Peak Partners, a California-based real estate advisory firm.

HOUSTON—Lee & Associates-Houston represented Chicago Title of Texas LLC in a 9,417-square-foot office lease renewal at 3700 Buffalo Speedway in Central Houston.

IRVING, TX—American Fidelity Assurance has awarded JLL's Agency team exclusive leasing assignment for their recently acquired Las Colinas asset Plaza one61. The four-story class A property, formerly known as Granite Plaza, is located at 7301 N. State Highway 161. The office property boasts more than 195,000 square feet of rentable class-A office space, wherein more than 23,000 square feet of office space is immediately available. Plaza one61 has immediate access to the George Bush Turnpike, Highway 114 and the LBJ Freeway, providing tenants a 15-minute drive to DFW International Airport or Dallas Love Field and 20-minute drive to downtown Dallas. Also known as Executive Center II & III, 8330-8360 Lyndon B Johnson Fwy. features a total of 381,383 square feet of office space for rent. JLL senior vice president Jay Bailey and senior associate Ahnie Sheehy are leading leasing and marketing efforts.

MANSFIELD, TX—Bank of America, a 3,800-square foot net-leased property located at 3160 East Broad St., has sold. Philip Levy, senior managing director investments in Marcus & Millichap's Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a developer. The buyer, a private investor, was secured by Levy.

SAN ANTONIO—IPA, a division of Marcus & Millichap, facilitated the sale of Aura at the Rim, a 308-unit luxury multifamily asset situated atop of one of the highest points in Northwest San Antonio. This institutional-grade asset benefits from its location in the center of The Rim, a 3-million-square-foot outdoor shopping center with multiple high-end retail, restaurant and entertainment venues. Will Balthrope, IPA executive director, Drew Kile, IPA senior director and Jordan Featherston, IPA associate, represented the seller, a Dallas-based developer and procured the buyer, a Chicago-based owner/operator.

With nearly two-thirds of households already living in the suburbs, demand for suburban office space has been boosted by the prospect of shorter commute times, according to a recent report from Marcus & Millichap. Many suburbs are transforming, now featuring quasi-urban environments with walkability, entertainment, and retail and dining options, which is especially evident in the Dallas suburbs. Suburban office absorption has maintained a vigorous pace during the last six years, pushing vacancy down nearly 250 basis points to 15%, M&M says.—Lisa Brown

NEWS AND NOTABLES

DALLAS—Oaxaca Interests, a Dallas-based investment, development and asset management company, has expanded its executive team in an effort to strategically grow its urban land and retail portfolio. The company has appointed Ryan Monteiro to the role of chief operating officer and Tisha Vaidya to the position of director of acquisitions.

DEAL TRACKER

BOULDER, CO—Avanath Capital Management has acquired Depot Square, a 71-unit affordable housing community for $13.6 million. This is the firm's first acquisition in Colorado. Depot Square is a class-A LEED Gold Certified affordable property near the new Boulder Google campus, and was built as one component of Boulder Junction, a 160-acre mixed-use transit-oriented development which includes a 150-room hotel, a restaurant, five-story parking structure and an underground RTD bus station.

DALLAS—Boxer Property has concluded expansion negotiations with the law firm of Aaron A. Herbert, PC at 8330 Lyndon B Johnson Fwy. The rapidly growing firm has expanded to 6,256 square feet of office space. This is the firm's second expansion within the last six months. Senior broker, Alexander Renwick, represented Boxer Property during negotiations and dealt with The Michael Group Real Estate's Alex Hwang, who represented the tenant.

DALLAS—Holliday Fenoglio Fowler LP has secured a $20 million refinancing for a portfolio of eight Walmart shadow-anchored retail strip centers totaling 172,152 square feet in various Texas cities. HFF worked on behalf of the borrower, N3 Real Estate, to place the three-year, floating-rate, non-recourse loan with two one-year extension options with Southside Bank.

ENGLEWOOD, CO—ARA Newmark announces the $38.6 million sale of Amberley Heights, a two-building, 96-unit condo-quality asset located in the upscale commercial and residential community of Inverness. The property, with larger-than-average units, sold for more than $402,000 per unit and $267 per square foot, making it the highest-ever sale price per unit at the time of sale for a suburban Denver property, excluding Boulder. Vice chairmen Terrance Hunt, Shane Ozment, Jeff Hawks and Doug Andrews and executive managing director Chris Cowan represented Colorado-based developer Peter Kudla of Metropolitan Residential Advisors in the sale to a private buyer, represented by Granite Peak Partners, a California-based real estate advisory firm.

HOUSTON—Lee & Associates-Houston represented Chicago Title of Texas LLC in a 9,417-square-foot office lease renewal at 3700 Buffalo Speedway in Central Houston.

IRVING, TX—American Fidelity Assurance has awarded JLL's Agency team exclusive leasing assignment for their recently acquired Las Colinas asset Plaza one61. The four-story class A property, formerly known as Granite Plaza, is located at 7301 N. State Highway 161. The office property boasts more than 195,000 square feet of rentable class-A office space, wherein more than 23,000 square feet of office space is immediately available. Plaza one61 has immediate access to the George Bush Turnpike, Highway 114 and the LBJ Freeway, providing tenants a 15-minute drive to DFW International Airport or Dallas Love Field and 20-minute drive to downtown Dallas. Also known as Executive Center II & III, 8330-8360 Lyndon B Johnson Fwy. features a total of 381,383 square feet of office space for rent. JLL senior vice president Jay Bailey and senior associate Ahnie Sheehy are leading leasing and marketing efforts.

MANSFIELD, TX—Bank of America, a 3,800-square foot net-leased property located at 3160 East Broad St., has sold. Philip Levy, senior managing director investments in Marcus & Millichap's Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a developer. The buyer, a private investor, was secured by Levy.

SAN ANTONIO—IPA, a division of Marcus & Millichap, facilitated the sale of Aura at the Rim, a 308-unit luxury multifamily asset situated atop of one of the highest points in Northwest San Antonio. This institutional-grade asset benefits from its location in the center of The Rim, a 3-million-square-foot outdoor shopping center with multiple high-end retail, restaurant and entertainment venues. Will Balthrope, IPA executive director, Drew Kile, IPA senior director and Jordan Featherston, IPA associate, represented the seller, a Dallas-based developer and procured the buyer, a Chicago-based owner/operator.