Valbridge Property Advisors Welcome New Partners in Houston and Dallas

HOUSTON and DALLAS, July 22, 2021 /PRNewswire-PRWeb/ — Valbridge Property Advisors, the largest independent commercial property valuation and advisory services firm in the United States, is pleased to announce the addition of four new partners to their Houston and Dallas offices.

Valbridge Property Advisors | Houston and Valbridge Property Advisors | Dallas, led by Chris Lantz, MAI, Senior Managing Director; Gerald Teel, MAI, CRE, SGA, Senior Managing Director; Tim Treadway, MAI, CCIM, Senior Managing Director-Multifamily; and Michael Divin, MAI, Senior Managing Director, respectively, are pleased to announce new additions to their senior leadership team. Valbridge Property Advisors | Houston welcomes new partners:

• Jason Mushinski, MAI, Senior Managing Director
• Joshua W. Wood IV, JD, MAI, AI-GRS, Senior Managing Director
• Paul Gilliam, MAI, Senior Managing Director, Vice President of Financial Modeling
• Valbridge Property Advisors | Dallas welcomes new partner: Tim Brennan, MAI, Senior Managing Director

Jason Mushinski, MAI is Senior Managing Director and leader of the Right of Way Specialty Practice Group for the Valbridge Property Advisors | Houston office and is a member of both the Appraisal Institute and the International Right of Way Association. Click to read more at www.inforny.com.

NAI Partners Arranges Sale of 77-Acre Site for New Subdivision in Braunfels, TX

NAI Partners—the commercial real estate services business of Partners Real Estate Company—recently arranged a 77.149-acre land purchase for Scott Felder Homes on Weltner Rd. in New Braunfels, Texas.

NAI Partners’ Brett Lum represented the buyer in the land purchase in New Braunfels.

Scott Felder Homes has risen through the ranks to become one of the largest producers of quality, move-up homes in Austin and San Antonio. Innovative designs, custom features, desirable locations, high-quality construction, and energy efficiency earmark the standards for which Scott Felder Homes is best known.

Coldwell Banker Commercial Expands Rio Grande Valley Presence

MCALLEN, TEXAS (July 22, 2021) – Coldwell Banker Commercial Rio Grande Valley, one of South Texas’ largest commercial real estate firms, is continuing its expansion by joining forces with McAllen-based commercial real estate brokerage Pointer Realty. This was jointly announced by Daniel Galvan, SIOR, CCIM, principal broker at Coldwell Banker Commercial Ro Grande Valley, and Harry Urey, Jr., principal owner of Pointer Realty. Financial terms of the deal were not disclosed.

The combining of the brokerages, effective August 1, 2021, is believed to be one of the largest in significance in recent McAllen real estate industry history, according to Galvan. Along with Urey, Jr., Pointer Realty commercial real estate professionals Benny Dominguez and Rafael “Felo” Guerra will also be joining Coldwell Banker Commercial Rio Grande Valley.

“The addition of Pointer Realty creates an even larger powerhouse for Coldwell Banker Commercial, the most dominant brand for commercial real estate in The Rio Grande Valley,” said Dan Spiegel, managing director of Coldwell Banker Commercial. “We are very excited that, with the combining of the firms, Coldwell Banker Commercial Rio Grande Valley will continue to provide the excellent support that agents and their clients expect, while providing the resources afforded to an internationally recognized brand with a large local presence. We are committed to ensuring that all our clients receive best-in-class service and our agents are afforded every opportunity to optimize their business potential.”

“We are proud and excited to bring the Pointer Realty team on board with us. They bring an extensive amount of industry knowledge and market experience to Coldwell Banker Commercial Rio Grande Valley and we look forward to our brokerage’s continued success,” said Galvan.

The combined brokerage, to be located at 508 E. Dove Ave. in McAllen, Texas, is now one of the largest real estate companies in South Texas providing an array of commercial real estate services including development, sales, leasing, tenant representation, and property management.

Coldwell Banker Commercial Rio Grande Valley, founded in 2008, has more than 11 full time agents.

The newly expanded Coldwell Banker Commercial Rio Grande Valley is expected to be involved with some of the largest transactions in the valley. In 2020, the firms completed nearly 200 sales and lease transactions valued at $125,000,000.

About Coldwell Banker Commercial Affiliates

Coldwell Banker Commercial Rio Grande Valley is the local affiliate of Coldwell Banker Commercial® and provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition and disposition of all property types. Since 1906, the Coldwell Banker Commercial brand has been a premier provider of real estate, recognized globally as a company that puts the client first while delivering individual, distinctly different service. With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbworldwide.com

Global Design Firm PDR Expands Presence in Austin

PDR, a Texas-based design, architecture, and consulting firm with work around the globe, is amplifying its presence in Austin by adding key leadership to its local team. Amy Collins, formerly an Associate Principal of the Houston office, has been named Principal and Director of Design of the Austin office. She joins Shawna Hills who has been promoted to Business Development Director. Emily Mehigan has also joined the firm as an Associate and Lead Designer.

Headquartered in Houston, PDR has a diverse set of clients from the world’s largest oil and gas companies and technology innovators to fintech and law firms. PDR, which focuses on interior architecture, opened its Austin office in 2017 and quickly got to work on multiple projects. The team now includes 11 employees who have backgrounds in design, architecture, brand, and project management. Current work includes law firms such as DLA Piper LLP, and McLean & Howard LLP; corporate offices for USAA, Ottobock North America, Piper Sandler and Find What Feels Good; and numerous multifamily projects for developers such as Johnson Trube & Associates, and DMA Companies.

“We are excited about our growth in Austin and the opportunities to bring PDR’s unique approach of designing first and foremost for a positive human experience and organizational success,” said Lauri Goodman Lampson, PDR President and CEO. “As the Austin area continues to grow, bringing in new companies with cross-generational workers, we look forward to growing and elevating our ability to create exceptional workplace experiences that are designed to evolve over time and bring value to clients in this market.”

PDR works with global companies, local businesses, real estate advisors and developers to redefine the high-performance workplace. From early strategy development, design and architecture to initiatives leading to occupancy, PDR looks at a client’s needs holistically and brings together architecture and design, consulting, and brand experience to improve the human experience, impact business performance and foster organizational transformation.

More about the personnel changes:

Amy Collins, Principal and Director of Design

Collins oversees the expansion of the Austin team and serves as PDR’s Director of Design, guiding projects from concept to completion. With two decades of experience in workplace design, Collins has led high profile interior projects, planned corporate campuses, and created award-winning environments that engage the people who inhabit them. She most recently worked in PDR’s Houston office as an Associate Principal.

Shawna Hills, Business Development Director

Hills’ ability to serve as a trusted advisor and relationship builder has expanded the Austin studio, where she will continue to grow the client and project roster. With an impressive 20-year background in workplace interiors, Hills’ talent, leadership, and passion for excellence have earned her a loyal following with clients, consultants, and team members. She previously served as PDR’s Regional Director.

Emily Mehigan, Associate and Lead Designer

A new hire to PDR, Emily Mehigan was previously an Interior Project Designer at Perkins + Will. Mehigan brings over 10 years of commercial design experience, ranging from corporate clients to multifamily and retail spaces around the world. She will manage and lead all phases of design and construction, combining creativity, current design trends, and industry standards with technical knowledge to ensure a beautiful and functional product.

Koontz Corporation Announces New Class A Multi-Family Apartment Project in San Antonio

Koontz Corporation’s New 300-Unit Multi-Family Apartment Community Will Add More Walkability to San Antonio’s Northwest Sector

SAN ANTONIO—July 14, 2021. San Antonio-based Koontz Corporation today announced it will break ground in early 2022 on a new 300-unit class A multi-family apartment community at 12631 Vance Jackson Road on the site previously occupied by the Regal Fiesta 16 movie theater. Currently referred to as “Fiesta Trails Apartment Community”, the developer plans to release the formal name and branding at a later date.

“We are excited to bring a first class multi-family residential development to this vibrant area of San Antonio,” said Koontz Corporation President and CEO Bart Koontz. “Its infill location with plenty of nearby grocery, retail, and restaurant choices, make it an ideal site. Introducing this residential element will essentially transform it to the kind of mixed-use development that is in high demand today and will have strong appeal for young professionals.”

Situated on 10.36 recently rezoned acres, the four-story Fiesta Trails Apartment Community will offer 300 luxury one- and two-bedroom apartment residences with a myriad of on-site amenities including two swimming pools and a dog park. The development will encompass 267,000 square feet and provide ample parking for its residents.

The project site is located adjacent to the high-traffic regional intersection of IH-10 and DeZavala providing convenient access to many of the area’s major employment centers including UTSA, South Texas Medical Center, USAA and numerous other corporate employers. The site offers abundant retail choices in the immediate vicinity including major retailers H-E-B, Walmart, Home Depot, Marshalls, Bob Mills Furniture, Petco, and Spec’s. In addition, the Shops at La Cantera and the The Rim are located only two to three miles north of the site and the Huebner Oaks Center is just one mile to the south. Residents will also enjoy direct access to IH-10 through Fiesta Trails Shopping Center, as well as proximity to Loop 410 and Loop 1604.

Koontz Corporation recently purchased the property from Weingarten Realty and successfully petitioned the San Antonio Zoning Commission to rezone the tract to allow for the 300-unit residential development.

Koontz Corporation, will serve as developer and general contractor in collaboration with Garcia + Associates Architect and Pape-Dawson Engineers Inc. for the development, which is expected to be completed sometime in 2024.

“San Antonio is our home and one of the fastest-growing most exciting cities in the nation,” said Koontz. “It’s a great place to live and work, and anytime we can enrich our community with outstanding residential spaces, we are proud to do so.”

Keybank Secures $104.6 Million of Financing for Two Affordable Housing Properties in Texas

KeyBank Community Development Lending and Investment (CDLI) secured $104.6 million of financing for The NRP Group to develop two affordable multifamily housing properties in San Antonio:

$46.6 million for the 318-unit Seven07 Lofts
$60.6 million for the 348-unit Frontera Crossing

Seven07 will feature a mix of one- to four-bedroom units that will be restricted to those earning between 40% and 70% of the area median income (AMI). The 100% low-income housing tax credit (LIHTC) project, which will be co-developed with the San Antonio Housing Facility Corporation, will feature amenities in line with market-rate competitors, including a fitness center and pool.

The $32.1 million tax-exempt construction-to-permanent loan and the $14.5 million taxable equity bridge loan are 36-month terms, and the permanent loan is for a 15-year term, amortizing for 40 years after conversion. KeyBank will purchase bonds issued by the Las Varas Public Facility Corporation and make the loan to NRP.

Frontera will comprise 13 three-story residential buildings, a freestanding laundry center and maintenance shop, and a community building. All units will be restricted to those earning 40% to 70% of the AMI. The unit mix includes one-, two-, three- and four-bedroom floor plans.

CDLI will be a co-lender on a $33.7 million tax-exempt construction loan that will be converted into a permanent loan and a $16.6 million taxable equity bridge loan. KeyBank will purchase its pro-rata share of tax-exempt bonds issued by Las Varas Public Facility Corp. and make the loan to NRP. Upon conversion, KeyBank will purchase the other co-lender’s share of the $33.7 million tax-exempt bonds and convert them to a $33.7 million permanent loan. The $16.6 million equity bridge loan will be repaid from low-income housing tax credit equity.

Jason Arechiga, NRP’s senior vice president of development, is proud of both developments and looks forward to contributing to the positive growth in San Antonio.

“With these two community developments, NRP will bring more than 650 affordable multifamily apartment homes to areas of our city seeing monumental growth,” Arechiga says.

Kyle Kolesar of KeyBank’s CDLI team structured the financing for both properties.

The NRP Group is a vertically integrated developer, owner, builder and manager of best-in-class multifamily housing based in Cleveland.