HOUSTON—Transwestern has arranged the construction financing for the Arabella, a luxury condominium tower to be developed on the southeast corner of San Felipe Road and Westcreek Lane in the Galleria submarket.
DALLAS—Veteran business development executive Bonnie Shekarabi has joined Megatel Capital Investment as executive vice president, national accounts, GlobeSt.com has exclusively learned.
FORT WORTH--The Shops at So7 and So7 Parkside Urban Apartments in Fort Worth have been sold. On behalf of CDK Realty Advisors representing an institutional client, JLL Capital Markets announced the sale. Tabani Group purchased the property for an undisclosed amount. Starwood Mortgage Capital provided the financing for the purchase.
HOUSTON--Crow Holdings Industrial (CHI) has announced that Dawn Food Products and Eleganza Tiles will lease more than 133,840 square feet of class A industrial space at CHI's 24-acre Apex Distribution Center in northwest Houston.
DALLAS—Denver-based Amstar, on behalf of one of its public retirement system clients and in conjunction with its partner, The Hanover Co., announced today the sale of Hanover Cityplace, a 396-unit luxury apartment community in Uptown Dallas. The buyer and sale price were not disclosed.
HOUSTON—Westmount Realty Capital has acquired Summer Cove Apartments, a class B garden-style apartment complex in Houston. The asset is located at 725 FM 1959 in Houston.
DALLAS--Chicago-based Stage Equity Partners LLC has acquired a 37,000-square-foot class A multi-tenant medical office building in Carrollton. It is the company's fourth medical office acquisition in Dallas and its fifth in Texas.
AUSTIN--Michael Caffey has been promoted to president of CBRE Group Inc.'s Texas and Oklahoma division. Caffey is also responsible for CBRE's business in Arkansas and Louisiana.