WACO, TX-Kamco Property picks up the 224-unit Lakeshore North complex in Waco, paying HUD nearly $3.6 million in a foreclosure. The new titleholder is planning to spend upward of $500,000 to renovate the 16-year-old property.
AUSTIN-Littlefield Corp. has raked in a $141,538 gain in a securities sale and a total return of 34%. The gain boosts July performance into the black in comparison to a $369,992 loss recorded a year ago for the same time frame.
SAN ANTONIO-It's a rare find for a group of San Antonio investors, who have latched onto a 31-unit downtown San Antonio complex. Numerous buyers had jockeyed for the 16-year-old property along Broadway.
AUSTIN-Air Products and Chemicals, headquartered in Allentown, PA has picked up another 18,397 sf at 290 West for its Austin operations. The firm, which leases about 20,000 sf nearby, has had an presence in the state capital for two decades.
BASTROP, TX-A 400,000-sf retail component is in the works for 148 acres, bought this summer by a San Antonio-based group. Forty-eight acres will be retail, 50 acres commercial and the remaining 50, residential.
SAN ANTONIO-Christianson Enterprises has doubled its industrial space, signing for all of a 71,395-sf office-warehouse in San Antonio's northeast submarket. The tenant is part of Round Rock, TX-based American Plumbing and Mechanical Inc.
AUSTIN-Trammell Crow's retail duo of Charlie Northington and Kelly Shaw have flown the nest and joined long-time friend and real estate veteran, Scott Deskins. SCC Development is an opportunity to own and develop for themselves, says Northington.
AUSTIN-Capital Spectrum commercial printing is combining operations from two locations into an 80,000-sf spot in Austin's southeast submarket. The firm is the third tenant to sign on for the 280,000-sf Bergstrom Technology Center.
GEORGETOWN, TX-Fairchild Corp. is shuttering a Georgetown aircraft repair and maintenance operation. The Virginia-based owner is hawking Banner Aerospace real estate and the business. Blame it on the economy, says the broker.
AUSTIN-CIP/Property Management Services has landed the management duties for a five-building business park in Pflugerville. A 50,000-sf building already has come out of the ground, but the development is projected to bring 250,000 sf at build out.