RICHARDSON, Tex--KBS Strategic Opportunity REIT, based in Newport Beach, Calif., has made two lease renewals at its Richardson Office Portfolio property totaling 22,511 square feet. Cheryl Mullin & Associates, a law firm, and National Write Your Congressman, an organization dedicated to facilitating communication between elected officials and their constituents, have both renewed their leases.
AUSTIN—Earlier this week, Strategic Hotels & Resorts Inc., announced its entry into the Texas market with its intention to acquire the Four Seasons Austin. GlobeSt.com's Anna Caplan recently spoke with Rip Gellein, Strategic's chairman and CEO, to learn more about the deal.
AUSTIN--Thrive FP, an Austin-based commercial real estate investment and lending firm, is launching a new, $50-million fund called Thrive Lending Fund LLC to ramp up its private-lending business throughout Texas.
HOUSTON--Transwestern's Houston multifamily investment sales group has completed the sale of four multifamily properties totaling 704 units. The properties include Cancun Apartments, Huntington at Stonefield, Legacy Apartments and Hidden Pines.
DALLAS--Venture Commercial Real Estate has represented WinCo Foods in lease negotiations for an 83,000-square-foot store in Lewisville, marking the discount grocer's 100th store opening. The Lewisville WinCo Foods is set to open tomorrow at 1288 West Main St. in the recently redeveloped Old Orchard Village East center.
AUSTIN--Catellus Development Corp. has selected CBRE | UCR as the exclusive retail leasing representatives for Aldrich Street, Mueller's town-center district in Austin.
HOUSTON—Atlanta-based developer Songy HighRoads has announced that construction is progressing on two notable hotels in the Galleria submarket— Hyatt Regency Hotel Houston Galleria and Hyatt Place Houston Galleria—with the former slated to deliver in the third quarter and the latter by the fourth quarter.
AUSTIN—San Francisco-based Drawbridge Realty has signed a new seven-year lease with Younicos AG for approximately 32,500 square feet at 3100 Alvin Devane in Austin. The company will use the space as its U.S. headquarters and product-demonstration location.
