CRE News For Your Afternoon 03.02.2016

See where Texas ranks in economic development game [Houston Journal]

Exclusive: Houston credit union to move HQ to Energy Corridor [Houston Journal]

Exclusive: New master-planned community to launch northeast of Houston [Houston Journal]

Amazon.com to open state’s first pickup location in Austin [Austin Journal]

See where Austin lands on new ranking of the country’s best cities [Austin Journal]

Exclusive: Champion Partners unveils $10M redo of Turtle Creek office tower (Photos) [Dallas Journal]

CRE News for your Afternoon 02.29.2016

Houston’s 108-year-old golf course falls into private hands [Houston Business Journal]

KPMG Survey Finds CRE Investors Positive but Prudent in 2016 [Commercial Property Executive]

Student housing developer matches Q4 profitability estimates; shares reach high [Austin Business Journal]

Stantec buys Bury in blockbuster Austin deal [Austin Business Journal]

Exclusive: Millions poured into nation’s largest rail-served park [Houston Business Journal]

CRE news for your Afternoon 02.26.16

Exclusive: German engineering group expands in Energy Corridor [Houston Business Journal]

ULI proposes tax incentive to spur residential development in East End [Houston Business Journal]

Shell, Marathon, BHP drop heaps of space on Houston’s sublease market [Houston Business Journal]

Cushman & Wakefield to make ‘major commitment’ to DFW with new Uptown-area office [Dallas Business Journal]

Exclusive: Developer preps downtown Dallas tract near City Hall for 42-story tower [Dallas Business Journal]

EXCLUSIVE: SA to gain new downtown high-rise tower with mixed hotel, office, retail [San Antonio Business Journal]

CRE news for your Afternoon 02.23.16

Houston developer terminates plans for luxury condo project [Houston Business Journal]

Houston startup raises millions as it expands nationally, looks to hire [Houston Business Journal]

Exclusive: German engineering group expands in Energy Corridor [Houston Business Journal]

Student housing developer matches Q4 profitability estimates; shares reach high [Austin Business Journal]

Austin home sales soften in January — but is it a trend? [Austin Business Journal]

Exclusive: Prime medical center land gobbled up for new development [San Antonio Business Journal]

CRE News for this afternoon 2-22-16

10 Notable Women in Commercial Real Estate [Llenrock Blog]

Richardson cookie company planning 50 new stores this year [Dallas Business Journal]

Construction to begin on new Allen alternative office complex [Dallas Business Journal]

Robert Shaw’s Columbus Realty teams up with McKinney to develop former courthouse site [Dallas Business Journal]

Why Facebook expanded its Fort Worth land holdings near its $1B data center   [Dallas Business Journal]

CBRE CAPITAL MARKETS SELLS ARBOR SQUARE OFFICE ASSET IN AUSTIN

AUSTIN, Texas – February 9, 2016 CBRE Capital Markets’ Investment Properties announces the sale of Arbor Square, a 50,836-square-foot, multi-tenant office park in Austin, Texas. Los Angeles-based Entrada Partners purchased the asset from California-based AMC Investments for an undisclosed price.

Arbor Square I & II consists of two, storefront-style office buildings, ideal for professional office and service-oriented tenants. Arbor Square is located at 12885 Research Boulevard, adjacent to Lakeline Mall in the northwest Austin submarket.

“Arbor Square is strategically located in Austin’s Northwest tech corridor, with direct access off Research Boulevard and adjacent to new retail and multifamily developments. This continues to be one of the strongest submarkets in the city, and we are excited to be part of its growth,” said Reuben Berman, Principle, Entrada Partners.

The Class B asset was developed in 1984 and renovated in 2007. It was 90.2 percent occupied at closing.

“Since purchasing Arbor Square through our team in 2008, AMC Investments has actively acquired and sold properties in Austin and San Antonio. The firm will still consider an outright building purchase, however their primary strategy has shifted slightly to providing equity and teaming with local operating partners,” said Walter Saad, First Vice President, CBRE.

“Entrada Partners continues to be a great CBRE client in the multifamily arena and this was the first time our team worked with them as buyers of Austin office product. Reuben Berman and his team at Entrada are actively seeking to buy office, retail and industrial product in Central Texas and we expect them to be successful in Austin and surrounding communities for years to come,” said Cathy Nabours, First Vice President, CBRE.

Walter Saad, Cathy Nabours, and Logan Reichle with CBRE’s Austin office, represented the seller.