News
Embrey Partners Opens Escape at Four Points in West Austin
Founded in 1974, San Antonio-based Embrey Partners has developed more than 31,000 apartments and six million square feet of commercial space. Recently they’ve announced the grand opening of their latest residential project, Escape at Four Points, in west Austin, Texas.
CyrusOne Breaks Ground on Its First East Coast Data Center
CyrusOne, a global data center services provider based in Carrollton, Texas, broke ground on Tuesday, April 8, on its first East Coast data center. About 75 people attended the groundbreaking ceremony. Among them, representatives from Loudoun County, Dominion Virginia Power, and CyrusOne.
Harvest Properties Completes Office Acquisition in Deal Rumored to Be Worth $100 Million
Harvest Properties, one of the more active companies in the San Francisco Bay Area office market, has reportedly made another large acquisition. The company, along with joint venture partner LaSalle Investment Management, paid a fee rumored to be in the vicinity of $100 million for a two-building office complex in San Mateo, Calif. The joint venture acquired the property from seller Fisher Investments with whom a lease-back deal has already been arranged. Earlier this year, Harvest and Invesco Real Estate sold Parkside Towers, a 400,000-square-foot office complex, to Heitman in a deal worth about $200 million.
Presidium Group, Nessel Development JV Purchases Off-Market Multifamily Community in North Houston
As one of the top ten fastest growing cities in the U.S., Houston continues to attract major investors who strive to capitalize on the high demand for multifamily product. Dallas-based Presidium Group, LLC has acquired Live Oak Bend Apartments, a 252-unit multifamily community
Sumitomo Corporation of Americas Acquires Chicago’s Trophy 203 North LaSalle
Commercial real estate services firm Avison Young announced that it has completed an office property acquisition on behalf of Sumitomo Corporation of Americas within a trophy-class building in downtown Chicago.
Crescent Lands Anchor Tenant for New McKinney & Olive Development in Uptown
Crescent Real Estate Holdings LLC landed prestigious law firm Gardere Wynne Sewell LLP as anchor tenant for its newest development in Uptown Dallas.
Marriott Hotels Expands in Colorado with 215-Room Denver Marriott Westminster
Etkin Johnson Real Estate Partners and White Lodging Services recently announced the opening of the full-service Denver Marriott Westminster hotel and Tiller’s Kitchen & Bar restaurant in Westminster, Colo.
Henry S. Miller Trades 170 KSF Retail Asset in Dallas to Dunhill
Dallas-based commercial real estate firm Henry S. Miller Cos. has sold its prominent 170,000-square-foot Little Elm Towne Crossing in Dallas to Dunhill Partners for an undisclosed amount.
$2.8M Renovation of Fairfax’s WillowWood Plaza Nears Completion
The four-year renovation of the WillowWood Plaza is nearing its end. Liberty Property Trust will finish the $2.8 million project this spring and will deliver an updated Class A office park, with Energy Star certification.
KBS Buys 2 Office Buildings Totaling 490 KSF for $187M in Bellevue, Wash.
KBS has snapped up The Plaza Buildings, two office towers encompassing 490,000 square feet in Bellevue, Wash., for $186.5 million.