Killeen leaders want to boost private investment in their city and the wider Fort Hood area with a new economic development initiative.

The Greater Killeen Chamber of Commerce will launch the 14 Forward Campaign at a ceremony Thursday. It’s a $2 million fundraising campaign that will run from 2018 to 2022, according to a Tuesday announcement.

“Proactive economic development — industry diversification, job creation, promotion of Fort Hood and new infrastructure investments — are what this region needs to thrive,” Brad Buckley, campaign co-chairman and a Killeen veterinarian, said in a statement.

Click here to read more at Austin Business Journal. 

A refreshed office building at 1705 Guadalupe St. was sold to local investment company Seamless Capital managed by Joe Warnock.

The seller was a joint venture involving Tommy Burt of The Burt Group, an Austin-based general contractor, and Derek George of Imperial Advisors, a local investor and developer. The 47,345-square-foot building has an interesting history as I previously reported. The recent sale first was reported by research company Real Capital Analytics.

The property was listed for sale about a year ago with Avison Young investment sales brokers Darrell Betts and John Baird handling the deal.

Click to read more at Austin Business Journal.

CBRE Capital Markets announces the sale of an 80,000-sq.-ft. specialty medical building on the CHRISTUS Santa Rosa medical center campus in San Antonio. PPH Real Estate, LLC, a partnership of local physicians and investors, purchased the building at 5109 Medical from Stream Realty Partners for an undisclosed price.

Scott Herbold of CBRE Capital Markets’ Investment Properties, Healthcare, arranged the sale on behalf of Stream Realty Partners.

The four-story building at 5109 Medical Drive was constructed in 2008 on a long-term ground lease with CHRISTUS Health. It was specially designed and built for overnight clinical research studies for pharmaceutical R&D. The buyer is working with CHRISTUS to bring additional services to their medical center campus.

The facility is highly finished and includes 38 semi-private rooms for 100 patient beds and 22 restrooms, a clinical laboratory and a pharmacy.

 

Titan Development, the company building a 72-acre business park in Hutto north of Austin, has closed the first round of funding on a $200 million real estate fund to fuel its pipeline of more than 20 projects.

Titan Development Real Estate Fund I, a private equity fund, was established in April and ended its first round of funding in early October. Currently Titan Development’s pipeline consists of projects in several asset types including multifamily, senior living, self-storage and industrial. Additional financial details were not disclosed.

Click to read more at Austin Business Journal. 

Oracle Corp. appears to planning for expansion of its Southeast Austin campus even before the $300 million-plus development is completed.

Public records show that Oracle America Inc. purchased around six acres at 2225 Elmont Drive, directly south of its 560,000-square-foot campus now under construction. The six-acre plot of land was purchased from an entity formed by Cypress Real Estate Advisors.

Click to read more at Austin Business Journal.