Liviu Oltean
Woodbranch Plans New Residential High-Rise for Downtown Houston
The plethora of office projects that are either under construction or close to breaking ground in Houston has been giving incentive to real estate companies to focus on more and more residential projects. One such project is the Market Square Tower, a 40-story luxury high-rise, set to break ground in the following weeks and developed by Woodbranch Investments Corp.
Peloton Commercial Real Estate Appointed Manager of Bank of America Plaza
Metropolis Investment Holdings Inc. has recently appointed Peloton Commercial Real Estate as manager of Bank of America Plaza, one of Dallas’ most iconic skyscrapers. Encompassing over 1.8 million square feet of office and retail space, the 72-story tower substantiates not only Dallas’ tallest office building, but also the 3rd tallest building in Texas and the 22nd tallest in the United States.
MARKET SNAPSHOT: Phoenix’s Rental Demand on the Rise
With an employment growth rate that will outpace the national one, Phoenix is on the path of having its fifth consecutive year of real estate growth and economic improvement.
Buchanan Street Buys Stapley Corporate Center in Mesa for $33M
Buchanan Street Partners recently acquired the Stapley Corporate Center, a two-building, Class A office property. Located at 1840 and 1910 South Staple Drive in Mesa, the center was purchased for $32.5 million from The DESCO Group, Inc., the original developer of the center.
Lone Star Funds Acquires Office Building for $53/SF; University of Memphis Launches $40M Campaign for New Music Center
Lone Star Funds, LP, a Dallas-based private equity firm, recently purchased the four-story Lakecrest III office building for $6.9 million, according to the Memphis Business Journal. Acquired from Management & Research LLC, the office building spans across 130,593 square feet, from which, 48,000 square feet aren’t leased.
Glendale Office Complex Trades for $9M; Pacific Realty Advisors Plans Industrial Project in Mesa
Cassidy Turley recently announced that Select Healthcare Solutions, LLC, Phoenix Cyberknife and Radiation Oncology Center, LLC have acquired Zanjero Falls for $9.1 million, a 147,405 square foot office property situated at 7410 N. Zanjero Boulevard in Glendale.
Hines Receives LEED Platinum Certification for Williams Tower HQ
Hines Interests, LP has announced that their recently renovated headquarters in the Williams Tower has been granted the LEED Platinum Certification for Commercial Interiors, award given by the U.S. Green Building Council for outstanding ecological practices in the design of commercial, non-retail, spaces.
Tradition Senior Living Expands Prestonwood Property with Assisted Living, Memory Care
North Dallas will be home to a new four-story assisted living and memory care building through the initiative of Tradition Senior Living, LP. The new project represents an expansion to the current Tradition-Prestonwood, which opened in 2010, and it entails the development of 75 assisted living and 38 memory care apartments.
UMOM Details Plans for Affordable Housing Project in Sunnyslope
A new affordable housing project is coming to Phoenix through the initiative of UMOM and through the financial support of the Arizona Department of Housing (ADOH) and The Bob & Renee Parsons Foundation.
Hartman Short-Term Income Properties XX Purchases Houston Industrial Property; Bascom Acquires Sierra at Fall Creek
Hartman Short Term Income Properties XX, Inc., a Houston-based REIT, recently announced that Harman Mitchelldale Business Park LLC, an affiliate, purchased the Mitchelldale Business Park from Falcon Southwest for an undisclosed sum.