Beck Group Names new leader of Austin office

The Beck Group promoted Ryan Therrell to lead the architecture and construction firm’s Austin office. Therrell succeeds Matt Williamson, who served as regional director for over two decades.

Before his promotion, Therrell was Beck’s director of client services. He was vital to the firm’s growth, helping it win many of Austin’s most high-profile architecture and construction projects.

A few notable design-build projects he’s responsible for include:

  • RiverSouth, the first development in the South Central Waterfront District
  • The new Texas Bankers Association building in Downtown Austin
  • Alto at 924 E 7th Street
  • 600 W 5th 

Therrell was integral to Beck winning the design of the Dell Jewish Community Center expansion and multiple construction projects at Dell Children’s Medical Center.

The Austin native recently established Beck’s Special Projects Group, which focuses on tenant improvement and asset repositioning. It recently won the Texas Permanent School Fund’s tenant improvement project, which begins construction this spring.

MMG acquires Independence Commercial Advisors

MMG Real Estate Advisors (MMG), a multifamily investment sales brokerage firm, announces the acquisition of Independence Commercial Advisors. Based in Texas, the boutique brokerage was founded in 2020 by industry veterans J. Michael Watson and J. Michael Moffitt with a focus on Texas private capital and institutional multifamily and self-storage brokerage.

With the mission of helping clients create and preserve wealth, Independence Commercial Advisors has garnered a reputation for integrity and client success in the multifamily space. “We’ve always seen ourselves as true advisors to our clients, and that is clearly a shared value with the team at MMG,” Mike Moffitt said. “We were highly impressed with the resources MMG has assembled and even more impressed with the collaborative team the firm has amassed, with each member bringing their collective knowledge to bear for the greater good.”

As part of the transaction, MMG has added eight investment sales advisors to the firm’s rapidly growing national roster with offices now in San Antonio, Austin, Houston, and Dallas. Managing Directors Mike Watson & Mike Moffitt join the firm, along with Senior Directors Mark Diebold, Nicholas Ling, Josh Murphy and Richard Mireles and Associate Advisors Tyler Salter and Alex Thompson. In addition, Senior Project Manager Evelyn Pinner has joined MMG’s growing operations team from Independence.

Mike Watson has been a market leader in the central and south Texas commercial real estate markets for over 20 years. He started his career in commercial real estate in the Austin office of Marcus & Millichap specializing in multifamily investment sales and later in executive management of many of the firms’ regions. He was the No. 1 producing agent for the Austin and San Antonio regions, routinely recognized as one of the state’s “Top 10 Producers,” and received numerous national sales awards. Over the course of his career, Mike has led the sales and marketing efforts for more than $3 billion in investment sales and financing transactions.

With over 30 years of experience, Mike Moffitt has personally represented buyers and sellers in the sale of multifamily, retail, office, industrial, hospitality and self-storage assets throughout Texas. In 2010, he joined Marcus & Millichap where he climbed the ranks before being named first vice president of Investments in 2017. During his tenure, Mike was a National Achievement, Sales Recognition, and Platinum Award winner. Over the years, Mike has been instrumental in helping family-owned private offices, regional syndicators, and individual private clients to form acquisition and disposition strategies.

Sales of Medical Office Properties, Though Healthy, Trail Behind Last Year’s Levels

After a stellar 2015, investment sales volumes and construction activity in the medical office sectorare showing a healthy pace. But whether 2016 will top last year’s activity levels may just be a matter of politics.

In the 12 months spanning from July 2015 to June 2016, 665 healthcare properties representing more than 40.4 million sq. ft. of space were sold nationally, according to medical real estate information company Revista Med. The total dollar volume came to $12.24 billion. At this point last year, that figure stood at $13.7 billion.

Read more at National Real Estate Investor

Dallas Midtown’s 20-acre focal point begins to take shape

The proposed centerpiece of the Dallas Midtown evolution will be unveiled at a town hall meeting next week.

This 20-acre focal point will tie in the rest of Dallas Midtown and could be a big draw to investors, developers and companies, said Bruce Bradford, president and CEO of the North Dallas Chamber of Commerce .

Read more at Dallas Business Journal.

Two Houston universities rank among top schools in the world

A couple of Houston schools landed on a list of the world’s best universities.

Rice University and the University of Texas M.D. Anderson Cancer Centerreceived a nod in the Shanghai Ranking’s Academic Ranking of World Universities yearly list, according to Times Higher Education. ShanghaiRanking Consultancy has published the list annually since 2013 and ranks about 500 schools

Read more at Houston Business Journal.

Take a trip back to a business travel future

I’ve been covering the exigencies of business travel since forever and I’ve flown in almost everything and stayed in nearly everything sold to business travelers. One thing I’ve missed: a time machine.

Not my fault, of course. There are no DeLoreans with flux capacitors available on the car-rental lots. No aircraft currently in service can execute the Starship Enterprise’s slingshot effect. And hotels that promise you can “step back in time” always seem to be making excuses for their lousy beds, tiny rooms, crummy showers and wonky HVAC systems

Read more at Houston Business Journal.