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AUSTIN--Development in east Austin is heating up. Transwestern Development Co. and its partners are set to develop a two-building mixed-use project at 1621 and 1645 E. 6th St.
HOUSTON--NAI Partners has made two recent high-profile hires in its Houston office. Lisa Hankamer has joined the firm as vice president in investment sales with a focus on hospitality and Ami Figg has been hired as a leasing agent in the office project leasing division.
The energy-sector-powered city of Houston and its environs have seen more projects get started this past year than some markets have seen in a decade. So it's so surprise, then, that at least one of Real Estate Forum's 2014 Deals of the Year—to be featured the next issue—is located here.
DENTON, Tex.--The Timber Links, a 480-unit apartment community located in Denton, has been acquired by the Irvine, Calif.-based The Bascom Group LLC and Los Angeles-based Oaktree Capital Management LP's $250-million venture. The sale closed on January 30.
AUSTIN--MG Properties, the real estate arm of McCourt Global, and The Sutton Co., an Austin-based real estate development firm, have announced the acquisition of a 1.39-acre parcel on the corner of Cesar Chavez and Red River streets, directly across from the firms' 1.4 million-square-foot Waller Creek development project.