DALLAS-CBRE's Q2 2013 Multi-Housing MarketView Report notes an increase in planned units and those delivered to market, as well as transactions surpassing $1.2 billion, compared to $900 million from the year before.
ROUND ROCK, TX-Working on behalf of a Canadian partnership, NorthMarq's Tampa and Dallas offices team up to supply a sub 4%-rate loan that assists in acquiring the 583-unit Monterone at Round Rock.
GOODYEAR, AZ-The San Diego buyer completes an eight-year process with its 6,000-acre land buy within the master-planned Estrella. Newland now owns most of the acreage making up the 20,000-acre Estrella.
SUGAR LAND, TX-Banking on the growth of Fort Bend County, the Dallas-based company teams with Arcadian Real Estate to snag the 240-unit apartment complex from Waypoint Parkside Owner LLC.
LAKE CHARLES, LA-Global aerospace manufacturer AAR Corp. revealed its intention to establish a 750-job aircraft maintenance, repair and overhaul operation, occupying 520,000 square feet for MRO, plus another 118,000 square feet in Hangar H.
HOUSTON-<b>DEALTRACKER<b />-Following the sale of the Great Jones Building and 1004 Prairie Street, Boxer Property is tapped for their leasing and management duties. Additional southwest commercial real estate news follows.
SCOTTSDALE, AZ-Following its July 2013 merger with Cole Credit Property Trust II, Spirit Realty reports Q2 earnings pre-merger and activities post-merger, which included the sale of two properties in a transaction valued at $259 million.
DALLAS-The company's Q2 highlights included a decrease in NOI to $14.2 million (due to Superstorm Sandy). On the bright side, the under-construction One Hughes Landing is 87% preleased.
PHOENIX-The recent buy of the 37,000-square-foot Blackhawk Corporate Center II is an example of continuing owner acquisitions. Experts tell GlobeSt.com that rising interest rates could signal the end of the trend.
AUSTIN-NAI REOC's Q2 office numbers show a 12.3% vacancy (from 14.7% the same quarter of last year) and rates at $24.80. Look for tightening vacancies and higher rents for the rest of the year.