Dallas/Fort Worth

All Fund I investors have made commitments to Fund II, as did new investors, and at the final closing for Fund II, 40% of Fund II equity was committed to seed assets.

Leatherbee will join Trammell Crow officially on May 6. He most recently served as executive vice president and regional manager of Skanska USA Commercial Development's Boston office.

The investment takes advantage of "a tight submarket with limited bulk availabilities and a lean construction pipeline," says Chris Sterling, vice president at TIG.

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The two-story facility is located at the corner of Maple Street and Avenue A, just east of the Business Leadership Building, and will be approximately 36,400 gross square feet with seating to accommodate 700 guests.

The first quarter of 2019 picked up where 2018 left off, with significant positive absorption, asking rents staying in line with expectations, and construction continuing at a record pace, according to a JLL report.

In addition to a strong workforce, and rising labor and population rates, the business climate in Texas will facilitate further growth as companies move operations to the state, adding to multifamily demand.

Summit reports that the six hotels traded will produce a net gain of $36.6 million. The six hotels in the markets of Minneapolis-St. Paul, Boston, Santa Barbara (CA), Dallas and Salt Lake City totaled 815 rooms.