Author: Mia Goulart

Colliers welcomes new senior vice president to its Austin office

Posted on by Mia Goulart

Colliers announced the new hire of Senior Vice President Patrick Hill as an occupier services and capital markets broker. Patrick will focus primarily on tenant and buyer/seller representation in Central Texas in the office sector.

His experience encompasses complex and high-value leases and buyer and seller representation, totaling over $100 million in relocations, expansions, dispositions, purchases of all sizes, and everything in between. Patrick is recognized by his clients as a creative and knowledgeable broker, providing a wide scope of knowledge-backed guidance compiled from the transactions he is part of, including the complexity of Austin zoning, permitting, and current lease/sale comparables.

Before joining Colliers, Patrick helped found the TCU Real Estate Club in 2008, which is still in operation and has become a booming club for the school’s students; the club is a resource for education, experience, and career opportunities for its members. Patrick sits on several non-profit boards and volunteers regularly at Hope Food Pantry.

Stream Realty Partners names new partner in Dallas

Posted on by Mia Goulart

A longtime commercial real estate leader credited with growing Stream Realty Partners’ Dallas industrial leasing team by more than 100% in three years has been named a partner.

Managing Director Matt Dornak will continue to oversee day-to-day industrial activities for Stream’s Dallas-Fort Worth office alongside Managing Director and Partner Ryan Boozer. He joined Stream, a national commercial real estate firm offering an integrated platform of services, as an Analyst in 2011 and ascended over the last 12 years to associate, vice president, and managing director before being named partner.

During his tenure at Stream, Dornak has helped increase the Dallas-Fort Worth industrial portfolio by more than 30 million square feet. He is credited with building a successful South Dallas industrial leasing team from scratch and establishing relationships with countless new clients.

Dornak graduated with a Bachelor of Arts in Sociology from Dartmouth College and spent one year as a Paralegal at an Austin law firm before starting as an analyst at Stream DFW. He said he was drawn to Stream’s competitive environment and team and entrepreneurial mentality.

Stream Chief Operating Officer and Partner Blake Kendrick noted the DFW industrial group has become the largest business unit within Stream under Dornak’s leadership.

Dornak said one of his favorite quotes that he lives by and perfectly represents his time at Stream is: “When hard work becomes fun, success follows.”

GREA Dallas closes Casa San Luis, a multifamily property in Dallas

Posted on by Mia Goulart

GREA, specializing in serving private to institutional multifamily real estate investors, announced the sale of Casa San Luis Apartments, a 63-unit apartment community located at 3155 Park Lane, Dallas, Texas, 75220.

Allen represented the seller, Gomel Capital and procured the buyer, a local investment company.

Despite the slowdown in multifamily sales activity in 2023, the GREA Dallas team has successfully brokered over 19 apartment communities in the North Texas area with another 19 under contract set to close in the next 60 days.

Colliers Mortgage closes Fannie Mae loan for Hillcrest Apartments in Killeen

Posted on by Mia Goulart

Fritz Waldvogel of Colliers Mortgage recently closed a Fannie Mae loan for the refinance of Hillcrest Apartments in Killeen. The 60-unit market rate multifamily property features one- and two-bedroom apartment units with onsite laundry facilities.

The seven-year term loan, arranged through a partnership with Old Capital Lending, is full-term interest only.

StreetLights Residential opens The Asher in Austin

Posted on by Mia Goulart

StreetLights Residential, anational design-driven developer of multifamily and mixed-use communities based in Dallas, has opened The Asher in Austin, part of the Presidio luxury multifamily development. Located in the rapidly growing Lakeline neighborhood in NW Austin, The Asher consists of 377 luxury apartment homes. StreetLights saw strong demand for the project’s first phases, with The Elizabeth opening in 2019 and The Michael opening in 2016. 

Residents have multiple floorplans to choose from, ranging in size from 676 to 1,763 square feet, with one-, two-, and three-bedroom options available. Each home features beautifully designed interiors with granite countertops, tile backsplashes, custom flooring, dine-in island seating, urban mudrooms, custom cabinetry including a pull-out trash drawer, spa inspired bathrooms, oversized walk-in closets and Sonos smart speakers. Select units also offer smart home features, a surface flooring option, oversized outdoor living spaces and screened porches.  

The Asher offers numerous amenities for residents looking to spend time outdoors, including an expansive pool courtyard with entertaining space and a private yoga lawn. The interior common spaces create an inviting, comfortable environment for residents to gather, including a lounge area with flexible co-working spaces, a creative makers craft space, a kitchen and lounge area with space for personal projects or cooking classes, and two private dining areas for intimate dinner parties or coworking. Residents also have access to a private coffee bar, a full fitness center featuring high-end cardio and strength equipment, a flex room with spin bikes, fitness echelon mirror and ballet barre, a fully equipped pet wash and spa, and secure interior bike storage.  

StreetLights Creative Studio served as the architect of record for the project, handling all interior design in-house. SLR Construction, LLC, served as the GC.  

StreetLights has completed six Austin projects to date, include The Bowen, a 340-unit, luxury high-rise community located in The Domain; two NW Austin communities, The Elizabeth at Presidio, a 373-unit luxury apartment community, completed in 2019 and The Michael at Presidio, a 415-unit apartment and townhome community, completed in September 2016; Flatiron Domain, a five-story luxury residential community completed in December 2019; The Catherine, a 19-story, 300-unit luxury high-rise located in Downtown Austin, completed in October 2015; and The Kenzie at The Domain, a six-story residential community comprised of 279 units, completed in August 2014.

Partners Real Estate arranges 11,611-square-foot lease for Royston, Rayzor, Vickery & Williams in Houston

Posted on by Mia Goulart

Partners Real Estate, one of the largest independent commercial real estate firms in Texas, recently arranged an 11,661-square-foot lease located at 1415 Louisiana Street in Houston.

Partners’ Griff Bandy and John Zivley represented the tenant in the transaction. The landlord, Wedge Commercial Properties, was represented by Connor Saxe of Cushman & Wakefield.