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DALLAS--Dallas-based Lone Star Real Estate Fund III has entered into an off-market agreement with U.K-based Moorfield Real Estate Fund (MREF) and Moorfield Real Estate Fund II (MREFII) to purchase a $1.5 billion (1 million pound) diversified real estate investment portfolio.
HOUSTON--No one knows exactly what the price of oil will do in the next year, but one thing is for sure: The Houston commercial real estate market will take a direct hit if the price of crude keeps falling.
GRAPEVINE, Tex.--Hunt Mortgage Group has provided a $43.65 million Fannie Mae fixed-rate loan to facilitate the acquisition of a multifamily property located in Grapevine, the company exclusively tells GlobeSt.com.
SAN ANTONIO--W. P. Carey Inc.,a New York-based REIT that specializes in corporate sale-leaseback financing, build-to-suit financing and the acquisition of single-tenant net lease properties, has acquired a San Antonio office and data center facility on behalf of CPA®:17 - Global, one of its managed non-traded REITs, for $22 million.
TEMPLE, Tex.--MCR Development LLC has announced it has completed strategic renovations at four of its premium-branded hotel properties in Texas: the Residence Inn Temple, the Hilton Garden Inn Corpus Christi, the TownePlace Suites Odessa and the Residence Inn Abilene.
ADDISON--Cadence McShane Construction Co. has been awarded an 82,000-square-foot renovation assignment on behalf of L-3 Link Simulation & Training, a division of L-3 Communications.
HOUSTON--Chicago-based Stage Equity Partners LLC has announced the recent acquisition of a 24,075-square-foot multi-tenant medical office building anchored by Texas Children's Hospital in Houston.
SAN ANTONIO--Kennedy Wilson recently represented both the buyer and the seller in the off-market sale of the 112,000-square-foot building known as the Aztec Theatre, a historic mixed-use building located at 201 East Commerce St. in downtown San Antonio.