The revised tax rules impact commercial real estate in a variety of ways, although there are few substantive changes to 1031 tax-deferred exchanges, and the business interest deductibility or depreciation rules are widely considered positive by investors. Changes to carried interest, pass-through income, corporate tax rates and individual tax rates could cause investors to re-evaluate business structures and holdings. Changes to tax rules and deductions could impact demand for apartments, student housing and healthcare real estate specifically, according to Marcus & Millichap's latest report.—Lisa Brown

NEWS AND NOTABLES

HOUSTON—JLL has expanded its Texas multifamily platform with the addition of Todd Stewart as managing director. Stewart will join managing directors Greg Austin and Chip Nash, and vice president Bob Heard in Houston, focusing on institutional multifamily business. Stewart brings more than 30 years of experience representing pension funds, REITs, insurance companies and banks in multifamily investment sales transactions.

SAN ANTONIO—DC Partners announced the groundbreaking ceremony for The Arts Residences and Thompson San Antonio hotel will take place on January 30, from 9:00 to 11:00 a.m. at the project site, 123 Lexington Ave. with a reception following in The Arts Residences Sales Gallery, located at 115 Auditorium Circle.

DEAL TRACKER

ARLINGTON, TX—BARSCO Inc. renewed its 10,865-square-foot lease at 3411 Avenue D. Clay Balch and Canon Shoults of Holt Lunsford Commercial represented the landlord, ATCAP Partners.

AUSTIN, TX—Walker & Dunlop Inc. structured a $100 million Freddie Mac revolving credit facility for Presidium Group LLC. The credit facility was initially secured by two properties, Solaris and The Violet, and was structured with an additional $50 million in excess capacity for a potential of $150 million in total financing. Real estate finance managing director Alex Inman led the Walker & Dunlop team in arranging the financing.

CORPUS CHRISTI, TX—NAI Partners has been named the exclusive broker for Rockport Terminals, a 230-acre industrial site with access to rail, water and multiple highways. The site is one of the largest land parcels available within the Port of Corpus Christi area. Located directly on Business Highway 35, the facility features 1,200 feet of bulkhead with the capacity to fit six 30,000 bbl barges, more than one mile of rail and 45,000 bbls of storage.

DALLAS—Altima Diagnostics Imaging Solutions Inc. renewed its 18,400-square-foot lease at 5380 Redbird Center Dr. Canon Shoults, Andrew Gilbert and John Gorman of Holt Lunsford Commercial represented the landlord, Rialto.

DALLAS—Martin Preferred Foods renewed its 20,400-square-foot lease at 5556 Redbird Center Dr. Canon Shoults, Andrew Gilbert and John Gorman of Holt Lunsford Commercial represented the landlord, Rialto.

DALLAS—Ergotect Corporation renewed its 23,694-square-foot lease at 5200 E Grand Ave. Josh Barnes and Canon Shoults of Holt Lunsford Commercial represented the landlord, Frontier Equity.

DALLAS—Holliday Fenoglio Fowler LP facilitated acquisition financing for a 16-building industrial portfolio totaling 1 million square feet in Dallas and Oklahoma City. The HFF debt placement team representing the new owner consisted of senior managing director Brian Carlton.

DENVER—Transwestern's Denver office announces the sale of a mixed-use property at 3372 W. 38th Ave. for a total of $24.5 million. Transwestern's Tom Wanberg, John Blackshire, Brad Cohen and Larry Thiel represented the seller, Allante Properties, in the disposition.

GRAND PRAIRIE, TX—Intermex Products Inc. renewed its 104,000-square-foot lease at 1375 Avenue South. Canon Shoults of Holt Lunsford Commercial represented the landlord, Crow Holdings.

GUN BARREL CITY, TX—On behalf of VEREIT, JLL's Donna Kolius, Pierce Owens and Kaylie Walker completed the sale of Heritage Cove, a 9,160-square-foot shopping center at 1610-1616 W. Main St. Beverly Davis with Elsie Halbert Real Estate represented the buyers, Sam Mak and Villa Tan, owners of Lake Jackson Seafood Restaurant, in the transaction.

HOUSTON—NAI Partners recently arranged an 11,250-square-foot industrial expansion for Ignition Systems and Controls Inc. at 1402 Vanderwilt Dr., building four. NAI Partners' Shaffer Braun represented landlord, Westgreen 2012 LTD, during the negotiations.

HOUSTON—NAI Partners recently represented PCRIF Fallbrook Holdings LLC in a 1,545-square-foot office lease for Dr. Alexandra Simotas at 11301 Fallbrook Dr. NAI Partners' office project leasing team of Zach Leger and Jacob Aldridge arranged the transaction. The property is part of a portfolio of properties primarily based in Houston and San Antonio owned by the NAI Partners Investment Fund.

HUMBLE, TX—NAI Partners recently arranged a 13,361-square-foot industrial sale at 6425 and 6435 Storey Dr. Joel Michael of NAI Partners' industrial group represented the buyer, Persons Development & Construction Services LLC, during the negotiations.

WYLIE, TX—Marcus & Millichap announced the sale of 2771 West FM 544, a 7,300-square-foot retail property, according to Kyle Palmer, regional manager of the firm's Fort Worth office. Philip Levy, vice president, director investments in Marcus & Millichap's Fort Worth office, had the exclusive listing to market the property. The buyer was also secured by Levy.

Instant Insights /

Middle Market Digest: This Week in the South and Mountain Regions

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