Southwest

JV Buys 660-Unit Haven from Foreclosure

TEMPE, AZ-Interwest Capital and Angelo, Gordon & Co. pay $46 million to servicer Petra Capital Management. The new owners plan upgrades to the tune of $5,000 per unit.

O'Meara Takes Reins at Marcus & Millichap as Capital Markets Director

PHOENIX-Fresh from a 10-year stint at Inland Real Estate in Chicago, Patrick O'Meara is ready to build up debt and equity financing in Phoenix and to encourage capital investment across all CRE sectors.

CapLease Acquires Richardson Office Complex for $46M

RICHARDSON, TX-New York-based CapLease Inc. has bought a two-building office complex situated at the northeast corner of Campbell Road and North Central Expressway in Richardson for an amount of $46 million.

Developer Proposes Apartment Project in Downtown Austin

AUSTIN, TX-A new apartment project is proposed at the northeast corner of South First Street and West Riverside Drive in downtown Austin.

Boxer Property Acquires 121,000-SF Office Building it Sold in 2008

NASSAU BAY, TX-The Houston investor acquires the class B building -- as well as the 238,000-square-foot Monaco Park in Denver -- from LNR through Auction.com.

ViaWest Acquires Remaining Timberline Units for $8M

FLAGSTAFF, AZ-The Phoenix investor ends up with 102 multifamily units from the original 204 converted into condo units during the mid-2000s.

HFF Arranges $23M in Financing for Dallas Office Tower

DALLAS-Holliday Fenoglio Fowler recently arranged $22.7 million in financing for 10000 NCX, a 15-story Class A office tower in Dallas.

Hyatt Regency Dallas to Get $50M Makeover

DALLAS-The Hyatt Regency Dallas is commencing a $50-million project to renovate 1,120 guest rooms in the hotel.

NAI REOC Austin Negotiates Two Office Leases

AUSTIN, TX-NAI REOC Austin has closed two lease deals totaling 17,149 square feet in Austin.

Oxford Commercial Brokers Two Industrial Leases in Austin

AUSTIN, TX-Oxford Commercial has brokered two industrial lease deals totaling 61,298 square feet in Austin.

National Oilwell Varco Takes Down 42,000 SF at Younan Building

HOUSTON-The company, a supplier of components to the oil and energy extraction industries, takes office building space in a short-term deal for a project completion.

Three North Texas Retail Centers Change Hands

FORT WORTH-Dallas-based Centennial Real Estate Co. has bought three retail centers in Colleyville and North Richland Hills.

Exalt Printing Signs 51,500-SF Leases at 1875 Monetary Lane

CARROLLTON, TX-North Texas-based Exalt Printing Solutions is expanding and consolidating its operations in Carrollton.

7-Eleven Adds 4,600 Units Worldwide in 2011; Plans More in '12

DALLAS-The locally based convenience store company continues its fast-paced growth, with plans to add at least 630 new stores in North America by year end.

JV Makes First Investment, Acquires 352-Room St. Anthony Hotel

SAN ANTONIO-BC Lynd Hospitality, a JV between BC Commercial Partners and Lynd Co., plans a $24 million renovation and new flag for the 109-year-old downtown hotel.

BC LYND Hospitality Picks Up St. Anthony Hotel

SAN ANTONIO-BC LYND Hospitality, a joint venture of BC Commercial Partners LLC and LYND, has purchased the St. Anthony Hotel, a 103-year-old historic property at 300 E. Travis St. in downtown San Antonio.

Transwestern Arranges Refinancing for Austonian

AUSTIN, TX-The proprietors of The Austonian, a 56-story condominium tower in downtown Austin, have refinanced the high-rise through the structured finance group at Houston-based Transwestern.

SkyWalker Buys 70,938-SF Office Building in Irving

IRVING, TX-SkyWalker Property Partners has purchased an office building measuring 70,938 square feet at 3301 W. Airport Freeway in Irving from a California-based family trust for an undisclosed price.

Schindler Elevator Signs 25,597-SF Lease at Parc 114

IRVING, TX-Schindler Elevator Corp., Switzerland-based Schindler Group's operating company, has leased 25,597 square feet at Parc 114, a 52-acre business center in Irving.

RioCan to Purchase 80% Stake at Former Montgomery Ward Site

FORT WORTH-RioCan, a real estate investment trust based in Toronto, is expecting to purchase an 80% stake in the retail division of Montgomery Plaza situated on West Seventh Street in Fort Worth.

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LAST WEEK'S POLL

Penner, Mirante, D'Arcy . . . High-Level Resignations Mean . . .

GlobeSt.com Viewers See More C-Suite Turnover
NEW YORK CITY-Nearly two-thirds of respondents to a GlobeSt.com poll said recent high-level resignations either portend more to come or prove that the industry needs to work on succession planning.

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Events

Register now for RealShare ORANGE COUNTY 2012--the leading real estate networking conference for the local commercial real estate market!
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Featured Event
RealShare STUDENT HOUSING


We've gathered 50 of the biggest players in the Student Housing community to discuss the latest trends of the industry: everything from marketing and leasing to what industry leaders have to say to debt and equity to investment sales opportunities.
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Charging the Hill: Commercial Real Estate and the 2012 Congressional Agenda

December 07
November 23, 2011
Critical issues impacting commercial real estate are coming up on the 2012 Congressional calendar, and their outcome collectively will impact all practitioners in this space. Top executives who know their way around Capitol Hill will share their thoughts on the direction this industry could take at the hands of our elected officials.

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User's Choice

Dalian Wanda Takes AMC Theaters for $2.6B

BEIJING-Dalian Wanda’s buy of Kansas City, MO-based AMC creates the world’s largest theater chain, with 432 locations in North America and China.