The recent Fed action signals a confidence in the economy and staves off future inflation risk. However, rising interest rates are reinforcing investor caution and slowing investment real estate transaction activity, according to a recent report by Marcus & Millichap. Meanwhile locally, leases and lending abound, with activity levels going gangbusters in much of Texas. —Lisa Brown

NEWS AND NOTABLES

HOUSTON—Perkins+Will has named Jason Chan as southwest regional practice leader for science and technology. In this role, Chan will work closely with clients across Texas and in neighboring states to ensure design excellence and seamless delivery of all science and technology projects. He succeeds Raymond Beets, who served in the same role for 13 years and will retire later this year.

HOUSTON—Dan F. Boyles Jr., an office tenant representation broker and partner with NAI Partners, was recognized in NAI's annual recognition program as a top producer handling the highest volume of multimarket business within NAI. The awards will be presented at the 2017 NAI Global Convention in Carlsbad, CA this September.

DEAL TRACKER

ARLINGTON, TX—300 Arbrook LP sold a 22,666-square-foot office building at 300 W. Arbrook Blvd. to Arbrook Investment Properties LLC. Director Jim Sager with Transwestern represented the seller.

AUSTIN, TX—Tiger Pistol leased an additional 2,508 rentable square feet at Hannig Row, located at 200 E 6th St. The landlord was represented by Jason Steinberg and Matt Levin with ECR and the tenant was represented by Michael Spain and Chris Skyles with SkylesBayne.

AUSTIN, TX—Bluestone Hospitality leased 1,469 square feet at Mesa Oaks B7, located at 5920 W. William Cannon. This leased brings the six-building project to 99% occupancy. The landlord was represented by Patrick Ley and Matt Levin with ECR and the tenant was represented by Douglass Gibbins.

AUSTIN, TX—Dr. Samuel Demaio and Amy Demaio leased 2,455 rentable square feet at the Overlook at Rob Roy located at 6836 Bee Cave Rd. This lease brings the property to 100% occupancy. The landlord was represented by Matt Levin and Patrick Ley with ECR.

AUSTIN, TX—The Wine and Food Foundation of Texas leased 1,134 rentable square feet of space at The Villas on 6th, located at 2121 E. 6th St. The landlord was represented by Tom Pagel at ECR and the tenant was represented by Jerry Fry at CBRE.

DALLAS—Hunt Mortgage Group provided a Fannie Mae loan facility in the amount of $10 million to refinance a multifamily property. Spanish Brook Apartments is a garden-style apartment complex comprised of 21 three-story residential buildings, with a total of 248 units. The borrower is a Texas limited liability company and the loan terms include a 12-year term, 25-year amortization period and an 11.5-year yield maintenance period. The property was built in 1979 and was renovated in 2015.

EULESS, TX—Pump Solutions Inc. signed a 3,588-square-foot industrial renewal at 1127 S. Airport Circle with Karen Samuelsohn. Vice president Joe Rudd with Transwestern represented the landlord.

FORT WORTH—Moorman Meador sold a 57,893-square-foot retail building at 2301 and 2351 S.E. Loop 820 and 5150 Campus Dr. to Cidema Three Limited Partnership. Principals Todd Hawpe and Jeff Givens with Transwestern represented the seller.

FORT WORTH—Hassan Kalie sold an 11,850-square-foot retail building at 3542 Alta Mere Dr. to 2SP Partners LLC. Associate Gibson Duwe with Transwestern negotiated the transaction.

FORT WORTH—SCC Summit Partners LLC sold a 4,227-square-foot office building at 1598 Sunset Terrace to Bell Creek Realty LLC. Associate Grant Huff and principals Jack Huff and Kyle Poulson with Transwestern represented the seller.

FORT WORTH—Robertshaw Climate signed a new 16,450-square-foot office lease at 6312 Airport Freeway with Barnard Partners XLII Ltd. Principal Leland A. Prowse IV with Transwestern represented the landlord and principal Sarah LanCarte with Transwestern represented the tenant.

FORT WORTH—Crosswalk Church renewed its 13,678-square-foot lease at 4600 Wheeler St. with Glenview Baptist Church of Haltom City. Vice president Frank Jester with Transwestern represented the landlord.

FORT WORTH—Blackbeard Resources LLC signed a new 9,505-square-foot office lease in WestBend at 1751 River Run with Trademark Property Company. Principals Kirk Kelly, Jack Huff and Kyle Poulson with Transwestern represented the landlord.

FORT WORTH—Bassham Wholesale Egg Co. Inc. signed a new 8,360-square-foot flex lease at 100 E. Felix St. with Adder Felix LTD Partnership. Principals Jeff Givens and Todd Hawpe with Transwestern represented the landlord.

FORT WORTH—Teach Me LLC signed a new 6,693-square-foot office lease at 4400 Oak Park Lane with Hulen Office Plaza Partners Ltd. Principal Kirk Kelly with Transwestern represented the landlord.

GRAND PRAIRIE, TX—All Service signed a 6,300-square-foot industrial expansion and renewal in High Prairie at 1850 High Prairie Rd. with 1850 High Prairie LLC. Vice president Joe Rudd and principal Jeff Givens with Transwestern represented the landlord.

IRVING, TX—Sundt Construction Inc. signed a new 4,029-square-foot industrial lease at 8445 Freeport Parkway  with Parkway Tower LLC and Freeport Plaza LP. Vice president Alex Bryant and principal Leland A. Prowse IV with Transwestern represented the tenant.

FORT WORTH—Frank Surveying Company Inc. signed a 2,860-square-foot office renewal at 550 Bailey Ave. with DIP SPV Company 9 LLC. Principal Whit Kelly with Transwestern represented the landlord.

FORT WORTH—1849 Energy Partners LLC signed a new 2,819-square-foot office lease in Western Place II at 6000 Western Place with TCRG Opportunity XIV LLC. Vice president Alex Bryant with Transwestern represented the tenant.

FORT WORTH—ElectraSource Advisors LLC signed a new 2,345-square-foot lease at 1000 Foch St. with 1000 Foch Street LLC. Principal Kirk Kelly with Transwestern represented the landlord.

FORT WORTH—ZipHub Inc. signed a new 2,227-square-foot office lease in River Tree Plaza I at 2800 S. Hulen St. with Hulen Office Plaza Partners Ltd. Principal Kirk Kelly with Transwestern represented the landlord.

FORT WORTH—Protect It First Aid and Safety signed a new 1,840-square-foot lease at 1000 Foch St. with 1000 Foch Street LLC. Principal Kirk Kelly with Transwestern represented the landlord.

FORT WORTH—James Holiday and Marvin Champlin extended its 1,086-square-foot office lease at 550 Bailey Ave. with DIP SPV Company 9 LLC. Principal Whit Kelly with Transwestern represented the landlord.

LAKE DALLAS—The honorable Michael C. Burgess signed a 2,250-square-foot office lease extension in the Beall Building at 2000 S. Stemmons Freeway with Beall 2000 Stemmons LP. Vice president Frank Jester with Transwestern represented the landlord.

RICHLAND HILLS, TX—Velleman Inc. signed a 20,107-square-foot flex extension at 7348-7354 Tower St. with First Industrial Texas LP. Principal Leland A. Prowse IV and associate Jason Harrell with Transwestern represented the tenant.

STAFFORD, TX—Lee & Associates-Houston represented TEAM Land Investments LLC in the leasing of 12710-12718 Century Dr. Texas Engineering and Mapping leased 10,000 square feet and HomeTeam Pest Defense leased 6,000 square feet. The newly acquired property is now 100% leased. Lee & Associates–Houston principals Taylor Schmidt and Reed Vestal represented the landlord in both leases.

WEATHERFORD, TX—Lung and Sleep Specialists of North Texas renewed its 4,850-square-foot medical office lease at 945 Hilltop Dr. with MALOLO LLC. Vice president Alex Bryant with Transwestern represented the landlord.

The recent Fed action signals a confidence in the economy and staves off future inflation risk. However, rising interest rates are reinforcing investor caution and slowing investment real estate transaction activity, according to a recent report by Marcus & Millichap. Meanwhile locally, leases and lending abound, with activity levels going gangbusters in much of Texas. —Lisa Brown

NEWS AND NOTABLES

HOUSTON—Perkins+Will has named Jason Chan as southwest regional practice leader for science and technology. In this role, Chan will work closely with clients across Texas and in neighboring states to ensure design excellence and seamless delivery of all science and technology projects. He succeeds Raymond Beets, who served in the same role for 13 years and will retire later this year.

HOUSTON—Dan F. Boyles Jr., an office tenant representation broker and partner with NAI Partners, was recognized in NAI's annual recognition program as a top producer handling the highest volume of multimarket business within NAI. The awards will be presented at the 2017 NAI Global Convention in Carlsbad, CA this September.

DEAL TRACKER

ARLINGTON, TX—300 Arbrook LP sold a 22,666-square-foot office building at 300 W. Arbrook Blvd. to Arbrook Investment Properties LLC. Director Jim Sager with Transwestern represented the seller.

AUSTIN, TX—Tiger Pistol leased an additional 2,508 rentable square feet at Hannig Row, located at 200 E 6th St. The landlord was represented by Jason Steinberg and Matt Levin with ECR and the tenant was represented by Michael Spain and Chris Skyles with SkylesBayne.

AUSTIN, TX—Bluestone Hospitality leased 1,469 square feet at Mesa Oaks B7, located at 5920 W. William Cannon. This leased brings the six-building project to 99% occupancy. The landlord was represented by Patrick Ley and Matt Levin with ECR and the tenant was represented by Douglass Gibbins.

AUSTIN, TX—Dr. Samuel Demaio and Amy Demaio leased 2,455 rentable square feet at the Overlook at Rob Roy located at 6836 Bee Cave Rd. This lease brings the property to 100% occupancy. The landlord was represented by Matt Levin and Patrick Ley with ECR.

AUSTIN, TX—The Wine and Food Foundation of Texas leased 1,134 rentable square feet of space at The Villas on 6th, located at 2121 E. 6th St. The landlord was represented by Tom Pagel at ECR and the tenant was represented by Jerry Fry at CBRE.

DALLAS—Hunt Mortgage Group provided a Fannie Mae loan facility in the amount of $10 million to refinance a multifamily property. Spanish Brook Apartments is a garden-style apartment complex comprised of 21 three-story residential buildings, with a total of 248 units. The borrower is a Texas limited liability company and the loan terms include a 12-year term, 25-year amortization period and an 11.5-year yield maintenance period. The property was built in 1979 and was renovated in 2015.

EULESS, TX—Pump Solutions Inc. signed a 3,588-square-foot industrial renewal at 1127 S. Airport Circle with Karen Samuelsohn. Vice president Joe Rudd with Transwestern represented the landlord.

FORT WORTH—Moorman Meador sold a 57,893-square-foot retail building at 2301 and 2351 S.E. Loop 820 and 5150 Campus Dr. to Cidema Three Limited Partnership. Principals Todd Hawpe and Jeff Givens with Transwestern represented the seller.

FORT WORTH—Hassan Kalie sold an 11,850-square-foot retail building at 3542 Alta Mere Dr. to 2SP Partners LLC. Associate Gibson Duwe with Transwestern negotiated the transaction.

FORT WORTH—SCC Summit Partners LLC sold a 4,227-square-foot office building at 1598 Sunset Terrace to Bell Creek Realty LLC. Associate Grant Huff and principals Jack Huff and Kyle Poulson with Transwestern represented the seller.

FORT WORTH—Robertshaw Climate signed a new 16,450-square-foot office lease at 6312 Airport Freeway with Barnard Partners XLII Ltd. Principal Leland A. Prowse IV with Transwestern represented the landlord and principal Sarah LanCarte with Transwestern represented the tenant.

FORT WORTH—Crosswalk Church renewed its 13,678-square-foot lease at 4600 Wheeler St. with Glenview Baptist Church of Haltom City. Vice president Frank Jester with Transwestern represented the landlord.

FORT WORTH—Blackbeard Resources LLC signed a new 9,505-square-foot office lease in WestBend at 1751 River Run with Trademark Property Company. Principals Kirk Kelly, Jack Huff and Kyle Poulson with Transwestern represented the landlord.

FORT WORTH—Bassham Wholesale Egg Co. Inc. signed a new 8,360-square-foot flex lease at 100 E. Felix St. with Adder Felix LTD Partnership. Principals Jeff Givens and Todd Hawpe with Transwestern represented the landlord.

FORT WORTH—Teach Me LLC signed a new 6,693-square-foot office lease at 4400 Oak Park Lane with Hulen Office Plaza Partners Ltd. Principal Kirk Kelly with Transwestern represented the landlord.

GRAND PRAIRIE, TX—All Service signed a 6,300-square-foot industrial expansion and renewal in High Prairie at 1850 High Prairie Rd. with 1850 High Prairie LLC. Vice president Joe Rudd and principal Jeff Givens with Transwestern represented the landlord.

IRVING, TX—Sundt Construction Inc. signed a new 4,029-square-foot industrial lease at 8445 Freeport Parkway  with Parkway Tower LLC and Freeport Plaza LP. Vice president Alex Bryant and principal Leland A. Prowse IV with Transwestern represented the tenant.

FORT WORTH—Frank Surveying Company Inc. signed a 2,860-square-foot office renewal at 550 Bailey Ave. with DIP SPV Company 9 LLC. Principal Whit Kelly with Transwestern represented the landlord.

FORT WORTH—1849 Energy Partners LLC signed a new 2,819-square-foot office lease in Western Place II at 6000 Western Place with TCRG Opportunity XIV LLC. Vice president Alex Bryant with Transwestern represented the tenant.

FORT WORTH—ElectraSource Advisors LLC signed a new 2,345-square-foot lease at 1000 Foch St. with 1000 Foch Street LLC. Principal Kirk Kelly with Transwestern represented the landlord.

FORT WORTH—ZipHub Inc. signed a new 2,227-square-foot office lease in River Tree Plaza I at 2800 S. Hulen St. with Hulen Office Plaza Partners Ltd. Principal Kirk Kelly with Transwestern represented the landlord.

FORT WORTH—Protect It First Aid and Safety signed a new 1,840-square-foot lease at 1000 Foch St. with 1000 Foch Street LLC. Principal Kirk Kelly with Transwestern represented the landlord.

FORT WORTH—James Holiday and Marvin Champlin extended its 1,086-square-foot office lease at 550 Bailey Ave. with DIP SPV Company 9 LLC. Principal Whit Kelly with Transwestern represented the landlord.

LAKE DALLAS—The honorable Michael C. Burgess signed a 2,250-square-foot office lease extension in the Beall Building at 2000 S. Stemmons Freeway with Beall 2000 Stemmons LP. Vice president Frank Jester with Transwestern represented the landlord.

RICHLAND HILLS, TX—Velleman Inc. signed a 20,107-square-foot flex extension at 7348-7354 Tower St. with First Industrial Texas LP. Principal Leland A. Prowse IV and associate Jason Harrell with Transwestern represented the tenant.

STAFFORD, TX—Lee & Associates-Houston represented TEAM Land Investments LLC in the leasing of 12710-12718 Century Dr. Texas Engineering and Mapping leased 10,000 square feet and HomeTeam Pest Defense leased 6,000 square feet. The newly acquired property is now 100% leased. Lee & Associates–Houston principals Taylor Schmidt and Reed Vestal represented the landlord in both leases.

WEATHERFORD, TX—Lung and Sleep Specialists of North Texas renewed its 4,850-square-foot medical office lease at 945 Hilltop Dr. with MALOLO LLC. Vice president Alex Bryant with Transwestern represented the landlord.