Salient Systems Signs Deal for 20,922 SF

Salient Systems, a video surveillance management systems firm, signed a deal for 20,922 square feet of flex space in the NorthTech-1 building located at 4616 W. Howard Ln. in Austin, TX.

The NorthTech Business Center consists of nine industrial and flex buildings located close to Mopac Blvd. in the Northwest Industrial submarket. The single-story, 84,292-square-foot NorthTech-1 facility was built in 2000 and is now fully occupied. Salient Systems will relocate from Braker Pointe III in Austin.

Scott Studzinski, Otto Swingler and Doug Thomas of Live Oak-Gottesman represented the landlord, Deutsche Asset & Wealth Management.

Katy Green II shopping center finds tenants

katy-green-0001An affiliate of Wile Interests, Inc. has sold the Katy Green II shopping center located in the southwest corner of the intersection of I-10 and Greenhouse Road in west Houston. Katy Green II, is home to Verts Kebap, Snap Kitchen, Mattress One, Corner Bakery, Masala Wok, and Smile Clinique. The buyer was CH Retail/Acquisitions, LLC. Buyer and Seller were represented by Anderson Smith of Capital Retail.

Wile Interests is a Houston-based investment firm formed in 1991 by Randolph Wile to identify and create investment opportunities in Texas real estate. Over its 25-year history, Wile Interests has acquired and/or developed in excess of $650 Million in commercial and residential properties. Living by their strategy to focus on creating the highest and best use for each investment.

Tarantino Announces 8000 Unit Takeover for Multi Family Division

Houston, TX, April 5, 2016: TX — Tarantino announces the expansion of their extensive portfolio, further solidifying their presence as a real estate management firm with national coverage.  This latest expansion covers 12 states with 38 new management properties in the multifamily division, including senior living. The new properties are located throughout the southern United States, specifically in Arizona, Nevada, California, Georgia, South Carolina, North Carolina, Florida, Alabama, Oklahoma, Missouri, Louisiana and Virginia.

Tarantino has successfully operated more than 100,000 apartment units, and is continuing to grow year after year. “We are ecstatic about our growth as it is a reflection of our great commitment to our clients. Our success can be attributed to our dedicated and long-term staff, many of whom have been with us for 20-30 years.” said Anthony Tarantino, President and sole owner.

They are expected to take these properties to the next level, with their hands on management approach focused on delivering maximum value to the multiple clients within this portfolio.

About Tarantino Properties

Tarantino Properties, based in Houston, TX is a full-service real estate company specializing in income-producing real estate. They have a full complement of quality services including management, brokerage, leasing, and construction services for commercial, retail, and multi-family. The company currently manages over $2 Billion in assets throughout the United States. Tarantino Properties, Inc. has been recognized by the Institute of Real Estate Management (IREM®) as an ACCREDITED MANAGEMENT ORGANIZATION® (AMO®).   As one of the elite group of nearly 540 firms that meet the stringent qualifications for accreditation, Tarantino Properties, Inc. has been nationally recognized by IREM as an outstanding real estate management organization for its commitment to integrity and professionalism in the real estate industry.

CRE News for your Afternoon

HealthSouth Building New Houston-Area Healthcare Facility  Commercial Property Executive

Why Texas is one of the best places for doctors  Austin Business Journal

Downtown Austin overnight concrete ban extended — again  Austin Business Journal

How Texas’ high-speed rail project landed ULI’s next big idea award Dallas Business Journal

This DFW-based corporation is building a new $22M data center in San Antonio Dallas Business Journal

Hillwood Communities buys tract to expand $800M master-planned development Dallas Business Journal

Top 10 Factors Affecting the CRE Industry

We thought it’d be helpful for all of our CRE folks to take a look into what current trends and issues are affecting the industry in ways that can either help or hurt the overall flow of productivity and success.  These issues are always up for debate but they are gathered from a variety of reliable sources.

 

Click here to read the rest of this Article [Llenrock Blog]

CRE News For Your Afternoon 03.28.2016

First look: Inside a new $700 million Med Center tower [Houston Business Journal]

Austin ranks highly among nation’s most-educated cities [Austin Business Journal]

Oracle wants to put the cloud under your company’s roof [Austin Business Journal]

Austin homebuyers are moving farther from city center amid rising home prices [Austin Business Journal]

Behind the cover story: Biotech’s role in Houston’s future [Houston Business Journal]

An exclusive look inside StreetLights’ latest $65M luxe Uptown high-rise [Dallas Business Journal]