DALLAS--Dallas-based Centennial Real Estate Co., Montgomery Street Partners, the real estate investment affiliate of Blum Capital Partners and USAA Real Estate Co., closed on a $1.1 billion acquisition of five regional malls from Westfield Corp.
DALLAS—High Street Residential, the residential subsidiary of Trammell Crow Co. (TCC), in partnership with Principal Real Estate Investors has broken ground on M-Line Tower, a new 20-story, 262-unit, luxury residential tower located at 3200 McKinney Ave.
DALLAS--Hunt Mortgage Group has closed two loans under the new Freddie Mac Small Balance Loan Program, GlobeSt.com has exclusively learned. Both properties are located in the Dallas area, and the total investment was $7.7 million.
HOUSTON—Houston-based Baker Katz, an X Team International partner, has sold a 2.12-acre property with an existing 13,000-square-foot office building located near the cross streets of U.S. Highway 59 N and West Little York Road in Houston.
ARLINGTON, TX--CBRE Capital Markets' Investment Properties has brokered the sale of Serena Vista Apartments, a 120-unit, value-add multifamily community in Arlington. Des Moines, IA-based BHE Acquisitions purchased the asset from Cascades 120 LLC for an undisclosed price.
DALLAS—Transwestern Development Co. is planning a 164-unit luxury multifamily development, to be called The Laurel, at the northeast corner of Preston Road and Northwest Highway in North Dallas.
HOUSTON—Longtime Dallas-based retailer Saint Bernard (formerly St. Bernard Sports) is expanding to Houston and Austin; the company has announced it will open new locations in the River Oaks District and The Domain.
AUSTIN—Denver, CO-based Griffis Residential has acquired Chez Moi Apartments, a 384-unit class A garden-style multifamily community in the north central submarket of Austin. HFF arranged the acquisition financing for the transaction.
DALLAS--Savills Studley has hired Frank McCafferty as executive managing director and co-branch manager for its Dallas office. He will work alongside Savills Studley executive vice president and co-branch manager Kelly Winn to run and expand the firm's operations in Dallas.