DALLAS-Berkeley Point, working on behalf of Baron Properties and ANICO, structured Fannie Mae financing for acquisition of the 120-unit, class A multifamily complex.
PHOENIX-The REIT's shares began trading on the NYSE in late June. During Q2, consolidated revenue increased 91% to $250 million, while AFFO of $0.23 increased by 44% from the previous year.
DALLAS-Colliers International's Q2 Capital Markets Report for the region says investors continue flocking to Texas commercial real estate. One reason: Continued office space demand leading to shrinking inventory and higher rents.
KINGWOOD, TX-The local media reports that Jefco Development and Crestwood Realty will launch construction in spring 2014 on the mixed-use, $100-million development.
ROUND ROCK, TX-The sports club chain signs deals for facilities in Round Rock and San Antonio, with Venture Capital scouring more potential locations. Southwest commercial real estate news follows.
ARLINGTON, TX-Though not among the "sexiest" submarkets in the Dallas-Fort Worth area, experts tell Amy Wolff Sorter of GlobeSt.com that the approximately 7,000-acre industrial submarket is coming back, thanks to infrastructure improvements and demand.
SCOTTSDALE, AZ-The healthcare REIT's Q2 earnings show same-property cash NOI growth at 3.4% from Q1 and 6.7% year over year. Normalized FFO at $0.16 per diluted share was unchanged from the same time last year.
HOUSTON-Real Capital Analytics' mid-year office trends report notes that Houston was the second most active office investment market in the US during the first half of 2013. Manhattan was number one.
HOUSTON-Axiometrics Inc.'s notes Houston was second among MSAs for multifamily permitting for the trailing 12 months ending in June 2013. The New York MSA was first with 17,501 units, while Houston permitted 16,410 units.
AVONDALE, CA-Working on behalf of the California owner of the 400-unit Crystal Springs Apartments, Johnson Capital's Phoenix office finds non-recourse permanent financing through a Wall Street lending firm.