San Antonio

Encino Trace, the office park project located in southwest Austin at 5707 Southwest Parkway, has been sold by San Antonio-based developer Koontz McCombs to Brandywine Realty Trust. Details about the transaction remain undisclosed.

A new community of single family homes is scheduled to enter the construction phase starting this September, northwest of San Antonio, at the base of the Texas Hill Country, and along the IH-10 corridor. Mirabel will spread on 78 acres, recently purchased by renowned homebuilder KB Home and is expected to hold the groundbreaking event in spring of 2015.

The Class A multifamily development Belleza at Cresta Bella Apartments has changed owners. NRP Group LLC turned it over to Illinois-based Inland, a distinguished Real Estate Investment Trust for an undisclosed amount; the sale has been brokered by CBRE.

About an hour and a half east of San Antonio in Lavaca county on alternate U.S. Highway 77, Dallas-based Heyco Energy Group announced the development of a new plant. It will produce liquefied natural gas (LNG) which will be sold to fuel distributors, not directly to the public or LNG users.

What is to become the “largest Candlewood Suites hotel” in the world is progressing towards a scheduled open date in July 2014. Cleveland Construction, Inc., the current general contractor for the Fort Sam Houston Candlewood Suites hotel located in Joint Base San Antonio, shared updates about the massive development, designed by EDI International.

Marcus & Millichap recently announced they’ve been chosen by a San Antonio developer to market for sale the office building known as Shavano Center III. Scott Ryan, an associate vice president investment is responsible with the transaction. The listing’s price is $12.5 million, $197 per square foot.

Dallas-based Presidium Group, LLC, announced the acquisition of the fourth residential property in the San Antonio area over the past six months. The other three apartment complexes are the 252-unit Oakwell Springs, the 81-unit Hunter’s Ridge Apartments, and the 123-unit Towne Oaks apartments.

The San Antonio City Council has selected the firm to design and arrange the landscape architecture for the Hemisfair Park. The winner is Seattle-based Gustafson Guthrie Nichol (GGN). The project is part of a series of three parks on the Hemisfair site.

This summer, New Braunfels will make room for a new construction site that will offer to homebuyers 469 Built to Order homes in a new community called West Village at Creekside. The grand opening is scheduled for January 2015.