JLL Capital Markets announced today that Kobalt Investment Company LLC, a Dallas-based commercial real estate investment firm, has acquired a controlling interest in the Rio Norte Shopping Center, located in the high-growth border town of Laredo, Texas. Kobalt partnered with Dallas’ Stonefield Investment Advisors LLC and San Antonio’s Espada Real Estate to acquire the 222,291-square-foot Class A […]
CRE News
JLL Capital Markets negotiates sale of 222,291-square-foot retail center in Laredo
Sales activity? CommercialEdge reports that it’s still slow in the U.S. office market
After years of turbulence, the future of the office sector is now clearer than it has been for some time. Investors who once adopted a wait-and-see approach are gradually coming to terms with the new realities of valuations and office utilization, according to the June U.S. office market report from CommercialEdge. Most metrics that track office utilization […]
JLL Capital Markets brokers sale of 63,693-square-foot office building in Houston
JLL Capital Markets announced today that it has closed on the sale of 11000 Equity Drive, a 63,693-square-foot, Class-A office building in West Houston, Texas. JLL represented the seller in the transaction. Satterfield & Pontikes Construction, the original developer of the property, purchased the asset with plans to occupy the entire facility. Completed in 2006 and […]
Austin Regional Clinic replacing outdated building with state-of-the-art medical office building
Austin Regional Clinic (ARC) has embarked on a transformative project to replace a prefabricated metal building at its Ben White Boulevard location with a two-story, state-of-the-art medical office building. The Central Texas healthcare provider hired Lawrence Group Architects to perform a feasibility study and design for the new building. Lawrence Group began the project by performing a detailed feasibility […]
Networking
Aaron Lovelock, PE promoted to Principal | Building MEP at Cleary Zimmermann Engineers, LLC
Cleary Zimmermann Engineers is thrilled to announce the promotion of Aaron Lovelock, PE to Principal of Building MEP. In his new role, he will lead the firm’s Austin office, providing project leadership and managing client relationships. Aaron is a skilled electrical engineer with a broad portfolio in the healthcare, industrial, government, education, and corporate sectors. […]
Bob Hunolt promoted to Director of Preconstruction and Estimating at W.E. O’Neil Construction
W.E. O’Neil Construction is proud to announce the promotion of Bob Hunolt to Director of Preconstruction and Estimating. With nearly 25 years of hands-on experience managing all aspects of the construction process, Bob brings a practical operations perspective to W.E. O’Neil’s preconstruction process. Throughout his career, he has played a pivotal role in the success […]
John Hicks hired at Adolfson & Peterson Construction
Adolfson & Peterson Construction (AP) hired John Hicks as Director of Business Development for mission critical services. The Austin native brings 10 years of experience to his new role where he will work with AP’s Mission Critical Group. He is responsible for AP’s national mission critical business development efforts, in addition to focusing on Texas. […]
Younger Partners names general manager for Fort Worth’s Artisan Circle
Dallas-based Younger Partners has appointed Kelly Steward as general manager of Artisan Circle, a 282,805-square-foot urban village in Fort Worth. Stewart brings more than 20 years of experience in commercial real estate to her new position. She previously served as director of property management for Younger Partners, leading a team managing 5 million square feet of office […]
Gensler names healthcare practice leader for South Central region
Alanna Carter has joined architecture and design firm Gensler to lead the healthcare practice area for the South Central region. This region covers offices in Houston, Dallas, Nashville and San Antonio. Carter brings more than 30 years of design experience spanning projects that include hospitals, clinics, senior living and surgery centers. Gensler’s healthcare practice now boasts a […]