Southwest

HSM Boosts Aggressive MF Plan with Lewis Wood Hire

DALLAS-Less than a month after the merger between TriVest Residential and Henry S. Miller Cos., Wood returns to the company with one goal: Put HSM on the multifamily map.

Woodland West Marketplace Gets New Owner

ARLINGTON, TX-An investment trust based in California has bought Woodland West Marketplace, a 176,414-square-foot retail center at Park Row Drive and Bowen Road in Arlington.

Brookshire Leads the Way at the 47-Acre, MXU Joshua Station

JOSHUA, TX-After years of waiting, the regional grocer will break ground this summer on a 37,000-square-foot store. Also potentially under development in 2012: Retail, restaurants and multifamily.

DivcoWest Acquires Prominent Pointe I & II in Austin

AUSTIN, TX-San Francisco-based DivcoWest has purchased a two-building office project in northwest Austin.

Phoenix Area Medical Office Buildings Sell for $14M

PHOENIX-Beverly Hills, California-based Archway Holdings Corp. has acquired three medical office buildings located in the Phoenix metro area for a total amount of $14.5 million.

Pillar Communities Pays $45M for San Portella Apartments

TEMPE, AZ-Seattle-based Pillar Communities has paid $45.1 million for San Portella, a 308-unit apartment community at 2155 S. 55th St. in Tempe.

REIT Agree to Buy Hilton Garden Inn in Liberty Park

BIRMINGHAM, AL-Summit Hotel Properties Inc., a real estate investment trust based in South Dakota, has inked an agreement to purchase the Hilton Garden Inn in Liberty Park.

Developer Changes Plans for Sessom Drive Project

SAN MARCOS, TX-Darren Casey has modified plans for a proposed apartment development on Sessom Drive.

DEAL WRAP
Clark Hired as Centerline Managing Director to Head Southwest Region

DALLAS-Clark will focus his efforts on multifamily property agency leasing and developing alternative capital financing strategies. Also: Additional Southwest real estate news.

1 M-SF Marathon Oil Tower Management Assignment Goes to CBRE

HOUSTON-CBRE, which has long had the leasing assignment for the class A office high-rise in the Galleria submarket, will also provide property management services.

High-End Multifamily Property Fetches $45M

TEMPE, AZ-Seattle buyer PrivatePortfolioGroup obtains the 308-unit San Portella Apartments from developers Mark-Taylor and Principal Real Estate.

Hillwood Begins Second Phase of Monterra Village

FORT WORTH-Hillwood Multifamily, an affiliate of Fort Worth-based Hillwood Properties, has started the second phase of the 130-acre Monterra Village development at Alliance Town Center.

Hotels.com to Relocate its HQ to Lincoln Centre

DALLAS-Hotels.com is relocating its headquarters to Lincoln Centre in Dallas.

Azrieli Group Buys The Plaza at Enclave

HOUSTON-BayNorth Capital Inc. and Core Real Estate have sold The Plaza at Enclave in Houston.

Stream Realty Closes Two Leases at Bridgepoint Plaza I & II

AUSTIN, TX-Brian Liverman and Matt Frizzell of Stream Realty have closed two lease deals totaling 14,985 square feet at Bridgepoint Plaza I & II in Austin.

UPDATE
Crow Holdings Beats 14 Bidders for 1.2M TA Associates Portfolio

DALLAS-The maturation of one of the Boston seller’s funds paves the way for the local buyer’s ownership rights of 10 industrial buildings in the Dallas and Houston areas.

Apartment Realty Advisors Sets Up Shop in Oklahoma

TULSA-Oklahoma native and real estate expert Brandon Lamb heads ARA’s newest office to take advantage of growing interest in multifamily property investments throughout the state.

Hansen Sells Two Office Buildings in Museum District

HOUSTON-Two boutique office buildings have changed hands in the Museum District.

HSH Nordbank Buys Victory Park Condos, Retail Site at Auction

DALLAS-HSH Nordbank AG, a German-based lender, has acquired the remaining condos of a Victory Park project for $32 million and an adjacent retail lot for $3.5 million at a foreclosure auction.

5M SF Leasing Assignments Awarded to Third-Party Brokers

HOUSTON-JPMorgan taps CBRE to handle Houston Center; Stream gets the nod to fill Trammell Crow Center in Dallas. Both assets are part of the 9M-SF Crescent office building portfolio acquired in October.

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Events

Look out for the full 2012 RealShare Conference Series schedule--COMING SOON!
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Upcoming Conferences
Feb.
15
RealShare APARTMENTS EAST
Washington, DC
Mar.
07
RealShare PHILADELPHIA
Philadelphia, PA
Mar.
22
RealShare REAL ESTATE 2012
Los Angeles, CA
Apr.
03-03
RealShare NET LEASE 2012
New York, NY
Featured Event
RealShare APARTMENTS EAST


Multifamily's most influential and knowledgeable executives share their insights and outlooks for the marketplace at our upcoming first annual RealShare APARTMENTS EAST conference!
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Webinars

Charging the Hill: Commercial Real Estate and the 2012 Congressional Agenda

December 07
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.

Featured Event
Protect Your Portfolio From Seismic Risk


This video webinar, presented by GlobeSt.com Thought Leader Partner Engineering and Science, Inc., will give commercial real estate investors a thorough overview of seismic Probable Maximum Loss Reports (PMLs). These reports are especially important for those investing in real estate in areas that are at risk for earthquake damage.
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