Here's a look at the trends, announcements and deals you may have missed at the mid-week point in Texas, New Mexico, Colorado, Oklahoma and Arkansas.

BY THE NUMBERS

AUSTIN, TX—Retail demand remained strong throughout the first half of 2017, absorbing 372,000 square feet year-to-date, according to CBRE's Q2 2017 Austin Retail MarketView. Occupancy increased 10 basis points quarter-over-quarter and currently sits at 96.3%, well above the 10-year average. Construction activity hasn't been this elevated since 2013 with 896,004 square feet underway. The majority of recent development activity is strip centers and second phases of larger projects. Austin had some of the fastest population gains in the nation from 2015 to 2016, which has helped boost spending. Continued healthy consumer spending will further sustain Austin's stable retail demand.

HOUSTON—The amount of sublease space in the Houston office market as a percentage of the total amount of available space has decreased for four consecutive quarters, according to NAI Partners.

NEWS AND NOTABLES

DALLAS—Transwestern has been named one of the “Best Places to Work in Dallas” for the sixth year since 2010. The honor follows a series of triumphs for Transwestern, including being recognized by Fortune magazine and Great Place to Work as a Best Workplace in Texas, as well as a Best Workplace for Women and Millennials for the second time.

DENVER—Sanveo Inc. expanded into the Intermountain region and opened its latest office. This will be Sanveo's fifth office location worldwide, and further strengthens the company's footprint and ability to serve a larger customer base locally.

DENVER—Apto, a web-based broker platform for managing contacts, properties, listings, deals and commissions, has launched a new product. Apto Prospect & Nurture helps brokers win more business by connecting them to the right people at the right time with the right information. The prospecting process in commercial real estate can be inefficient and time-consuming. But with long deal timelines and the relationship-based nature of the industry, building and maintaining a network with key contacts is crucial to long-term success. To beat their competition, brokers need to be more than skilled salespeople—they need to be market experts who consistently deliver relevant, timely advice to both prospects and clients. Apto Prospect and Nurture makes it easier to be both an effective salesperson and a trusted advisor. Starting with strategic call lists and task lists—some generated by Apto, others created by brokers based on criteria they choose—brokers are immediately presented with account-level insights and personal context organized for making quick, meaningful connections. With click-to-dial functionality and simple call logging and follow-up, brokers will save time and showcase their expertise whether they're talking to a brand new contact or a former client they've known for 10 years.

HOUSTON—London-based Spencer Ogden is tripling the size of its Houston office and relocating to Greenstreet at 1201 Fannin St. The company has seen tremendous growth in the US market since the Houston office commenced in 2011.

DEAL TRACKER

AUSTIN, TX—Bryan Scher of IMT Capital IV Southpark II Gp LLC purchased a garden-style apartment located at 9400 1 St. The financing institution on this $1 million deal was Federal Home Loan Mortgage Corporation, according to Enriched Data.

DALLAS—DCT executed a 113,000-square-foot lease for DCT Miller Road bringing the 270,000-square-foot development in the Northeast submarket of Dallas to 41.9% pre-leased. Construction is scheduled to be complete in third quarter 2017.

DALLAS—DCT acquired 12.9 acres to develop DCT Freeport West, Buildings II and III. The landsite is adjacent to the recently stabilized DCT Freeport West Building I and will add 194,000 square feet to the project.

DENVER—The Collective, developed by Entasis Group, is a three-building campus located at 199 South Taylor Ave. in the Colorado Tech Center. The new class-A construction offers tenants workspace with access to on-site retail amenities and a private park, as well as views of the Rocky Mountains. Entasis Group broke ground in May and will deliver all three buildings first quarter 2018. JLL's Patrick McGettigan represents Entasis Group and will be leasing The Collective. He recently helped to secure a 10-year lease for one of the three buildings. The tenant, Corr-Jensen, is a leading manufacturer and marketer of health and wellness products. Corr-Jensen will occupy 37,540 square feet and feature a 60-foot wide glass overhead door that opens to the Flatirons.

GARLAND, TX—Rowan Properties announces the closing of the 76-unit Willow Gate Apartments. Rowan Properties represented both the seller and the purchaser in this transaction. Within one week of listing the complex, Rowan Properties acquired a 1031 exchange buyer offering hard money day one at list price. Rowan Properties advised on a pending hail claim and worked diligently with all parties in order to ensure a successful transaction.

HOUSTON—DCT acquired 34.8 acres in the Port submarket to develop DCT PetroPort Industrial Park, a 253,000-square-foot two-building project.

HOUSTON—Lee & Associates-Houston represented Prologis Inc. in the leasing of 18,768 square feet located in Prologis Kirby 2 at 9300 Southpoint Dr. in South Houston. Tim Thomas and Cameron Hicks of Lee & Associates-Houston represented the landlord and Champion Supply LLC represented itself as the tenant.

HOUSTON—Lee & Associates-Houston represented BI Incorporated, a subsidiary of The Geo Group Inc., in a 7,244-square-foot office lease at 6401 Southwest Freeway. Chris Nash of Lee & Associates-Houston represented the tenant, and Tara Oliver of Blue Ocean Property Management represented the landlord.

HOUSTON—Lee & Associates-Houston represented Magnum Staffing in a 6,047-square-foot office lease expansion and extension at 2500 E. TC Jester. Chris Lewis and Drew Lewis of Lee & Associates-Houston represented the tenant and Trey Miller with Boxer Property Management Corporation represented the landlord, 2500 E. TC Jester Property LLC.

HUMBLE, TX—Lee & Associates-Houston represented Micron Eagle Hydraulics Inc. in the sale of 5.348 acres off Old Humble Road, near Will Clayton Parkway. Lee & Associates-Houston's principals Taylor Schmidt and Reed Vestal represented the seller, and Bill Bey represented himself as the buyer.

KATY, TX—Kingsplace Retail Center, a 13,650-square foot retail property, has sold. James H. Bell, first vice president investments in Marcus & Millichap's Houston office, had the exclusive listing to market the property on behalf of the seller, a partnership. Kingsplace Retail Center is located at 23225 Kingsland Blvd.

SEABROOK, TX—Lloyd Jones Capital, a Miami-based multifamily investment firm, has purchased the Regatta Bay Apartments from FRBH Regatta Bay LLC. The property is located at 2555 Repsdorph Rd., 30 minutes southeast of Houston. The acquisition adds 240 units to the Lloyd Jones portfolio of approximately 4,000 units spread throughout Texas, Florida and the Southeast.

SAN ANTONIO—El Mirador, a 24-unit apartment property located at 3518 Grant Ave., has sold. William E. Stover, Mike Moffitt and Josh Kantor, investment specialists in Marcus & Millichap's Austin office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a fund manager, was secured and represented by JR Ellis, an investment specialist in Marcus & Millichap's Austin office. Constructed in 1985 on 0.68 acres, El Mirador consists of 16 one-bedroom/one-bath units and eight two-bedroom/two-bath units.

SPRING, TX—The Goddard School, a 8,293-square foot net-leased property, has sold. The asset had a listing price of $2.7 million. Nate Newman, senior associate in Marcus & Millichap's The Woodlands office, represented the buyer, a private investor. The Goddard School is located at 3429 FM 2920.

STAFFORD, TX—Lee & Associates-Houston represented Barry D. Payne Associates Inc. in a 9,112-square- foot office lease at 10707 Corporate Dr. Travis Taylor and Josh Cheatham of Lee & Associates-Houston represented the tenant, and Bill and Will McGrath of LandPark Commercial represented the landlord, Sunblossom Corporate Park 10701 LLC.

BUILDING BLOCKS

AUSTIN, TX—Local builder Pacesetter Homes opened its new EcoSmart Certified Model Home in Whisper Valley, East Austin's sustainable housing community. Sales are now officially underway for homes priced from the low $200s to $300s with square footage from 1,010 to 3,100 square feet. Located just east of SH-130 at FM 973 and Braker Lane, the $2 billion development is the largest zero-energy capable housing community in the nation and the first Google Fiber master-planned community in the world.

HOUSTON—DCT commenced construction on DCT Rail Center 225, Building B, a 222,000-square-foot build-to-suit in the Port submarket. Construction is scheduled to be complete in first quarter 2018.

Instant Insights /

Middle Market Digest: Mid-Week in the South and Mountain Regions

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