Here's a look at the trends, announcements and deals you may have missed at the mid-week point in Texas, New Mexico, Colorado, Oklahoma and Arkansas.
NEWS AND NOTABLES
AUSTIN, TX—AMLI Residential announced that five of the company's apartment communities in Austin have earned ENERGY STAR certifications from the US Environmental Protection Agency–AMLI South Shore, AMLI at Mueller, AMLI 5350, AMLI Eastside and AMLI 300. AMLI's new developments are designed to achieve Leadership in Energy and Environmental Design/LEED Silver certifications at a minimum. Some new AMLI developments also achieved higher LEED rankings.
DENVER—Transwestern's Denver office announces Billy Woodward has joined the firm as vice president–agency leasing. Woodward specializes in office and flex agency leasing, and joins Whitney Hake, previously with Cushman and Wakefield, in targeting both local and institutional office product. Prior to joining Transwestern, Woodward was an associate director with Newmark Knight Frank handling agency leasing and sales in office, flex and industrial product in southeast Denver. Before Newmark, he handled special projects at Inverness Properties.
HOUSTON—Transwestern announces Lisa Bovermann has joined the firm's healthcare advisory services team as senior vice president. In this role, Bovermann will provide agency leasing services to healthcare clients in Greater Houston. Bovermann joins Transwestern from CBRE, where she was responsible for more than 2.4 million square feet of medical office space.
DEAL TRACKER
CEDAR PARK, TX—Thompson Morris Real Estate Development LLC has completed the acquisition of a key development parcel in this North Austin city. The 126-acre parcel is located at the northwest corner of East Whitestone Boulevard and Sam Bass Road. Private equity firm Ritchie Capital Management provided equity financing for the acquisition. Avison Young's John T. Baird and Jeff Bodenman (Austin) and Mike Kennedy (Dallas) brokered the acquisition on behalf of Thompson Morris.
DALLAS—Marcus & Millichap announced the sale of Quail Hollow, a 120-unit apartment property. Al Silva, senior managing director investments and Ford Braly, senior associate in Marcus & Millichap's Fort Worth office, had the exclusive listing to market the property on behalf of the seller. Mark McCoy, associate in Marcus & Millichap's Fort Worth office secured the buyer. Quail Hollow is an 11-building complex that is located at 9666 Scyene Rd.
DENVER—JCR Capital, an alternative investment manager focused on middle-market commercial real estate investments, announced its closing of more than $300 million of debt and equity investments during 2017. The closings represent JCR's growth through its strategic investments in middle-market properties (those with valuations under $50 million), which has increased its total assets under management to more than $880 million. In addition, JCR had a record year in realizations, approximately $178 million in returns.
GEORGETOWN, TX—The Ellis multifamily team of Marcus & Millichap announced the sale of Mid Century Park, an 18-unit apartment property located at 900 East 13th St. J.R. Ellis, an investment specialist in Marcus & Millichap's Austin office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer was also secured by Ellis. The property is located in the heart of the Old Town District of Georgetown just a few blocks from Southwestern University.
KINGWOOD, TX—NAI Partners' landlord services division's office project leasing team recently arranged a 8,297-square-foot office lease expansion for Humble ISD at 900 Rockmead Dr. NAI Partners' Zach Leger and Jacob Aldridge represented owner C-III Asset Management during the negotiations.
HOUSTON—NAI Partners' private equity platform, NAI Investment Fund, has successfully completed fundraising for Fund II. The new fund oversubscribed its original goal and expects to deploy the capital by the end of 2018. NAI plans to launch Fund III in early 2019. Fund I portfolio currently includes Spring Park Village, a 76,409-square-foot retail center located at the intersection of I-45 and Cypresswood; 11301 Fallbrook Dr., a 61,165-square-foot medical office building in Houston; and Marymont Park, a one-story office park in northeast San Antonio. It also recently sold its first portfolio acquisition, 12600 N. Featherwood Dr.
MAGNOLIA, TX—Marcus & Millichap announced the sale of Magnolia NNN Investment, a 13,562-square foot retail property. The asset had a listing price of $2.55 million. David Fisher and Thomas Costello, associate, in Marcus & Millichap's The Woodlands office, had the exclusive listing to market the property on behalf of the seller. Magnolia NNN Investment is located at 32818 Tamina Rd.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
