This week ends with an abundance of company announcements, which in no way implies that the southern and mountain regional markets have slowed down. In fact, quite to the contrary. The Denver metro, in particular, has a good amount of activity as of late, demonstrating the demand for Rocky Mountain properties by tenants and investors.—Lisa Brown
NEWS AND NOTABLES
AUSTIN, TX—Savills Studley announces that Sage Briggs and Zack Jamail have joined the firm's Austin office. Jamail and Briggs have more than 15 years of combined commercial real estate services experience and will each serve as an associate director working closely with senior managing director Alan Peters.
COLLEGE STATION, TX—Chicago-based healthcare real estate investment company Stage Equity Partners LLC has opened a regional office in Texas and hired industry leader Teresa Eoff as executive vice president. Eoff will help expand Stage's national real estate portfolio and manage capital markets for investments.
DALLAS—Revere Capital founder and CEO Clark Briner has hired Ryan Leach to lead investor relations with responsibility for managing communications with current fund investors and assisting with capital campaigns, fund raising strategies and financial reporting associated with Revere Capital's multiple funds. Leach will report directly to Briner in his new position.
FORT WORTH—The Woodmont Company has won a platinum award for its new company website in the business-to-business category of the dotCOMM Awards. dotCOMM Awards is an international competition honoring excellence in web creativity and digital communication. The competition spotlights the role of creatives in the dynamic, constantly evolving web.
HOUSTON—Transwestern announces it has been named a 2017 Healthiest Employer in America by health analytics provider Springbuk. The company was selected from nearly 2,000 nominees nationwide for its commitment to team member health and exceptional corporate wellness programming. This is Transwestern's second consecutive year to receive the award.
HOUSTON—CBRE announces that Mark Nicholson has been appointed to lead the office practice for asset services in the Americas. In this role, Nicholson will create advantage for the company's investor-focused clients by aligning the operational performance of office properties with broader investment objectives.
THE WOODLANDS, TX—The Woodlands Development Company, a wholly owned subsidiary of The Howard Hughes Corporation, will host A Decade to Remember, an anniversary event at Creekside Park Village Green on Thursday, October 19 from 7:00 to 9:00 p.m. A Decade to Remember celebrates the 10th anniversary of the Village of Creekside Park which opened in The Woodlands on October 19, 2007.
DEAL TRACKER
CASTLE ROCK, CO—KeyBank Real Estate Capital has secured a $14 million Freddie Mac, first mortgage loan for Black Feather Apartment Homes. The 83-unit class-A property was built in 2016. Chris Black and Caleb Marten of Key's national multifamily accounts group arranged the financing with a 10-year term, five-year interest only period and 30-year amortization schedule. The financing was used to facilitate the acquisition of the property.
DENVER—Dwell Apartments, a 53-unit apartment complex in the heart of Denver's Capitol Hill neighborhood, has sold. The $12.85 million sales price equates to $242,453 per unit. Jacob Steele and Nick Steele, represented the buyer, a Colorado-based private capital client. The seller is also a Colorado-based private capital client. Dwell Apartments is located at 600-624 N. Pennsylvania St.
HOUSTON—Baker Katz completed a lease on behalf of American Family Care. Located at the Stonegate Shopping Center on the southeast corner of Barker Cypress Road and Tuckerton Road, the 6,300-square-foot American Family Care will occupy an advantageous co-tenancy on the intersection.
HOUSTON—Lee & Associates-Houston represented T.F. Hudgins Inc. in a 14,861-square-foot office sublease at Sam Houston Crossing II, located at 10344 Sam Houston Park Dr.
LAKEWOOD, CO—ARA Newmark announces the $38.3 million sale of 257-unit Mountain Vista. This sale of a 1973-constructed property demonstrates increased investor demand for workforce housing in the area. Vice chairmen Shane Ozment, Terrance Hunt, Jeff Hawks and Doug Andrews represented San Francisco-based Jackson Square Properties, a privately held multifamily investment company, in the sale to New York-based Castle Lanterra Properties.
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