Todd Burgener Hired at Douglas Elliman Real Estate

Posted on by Jordan Jensen

Douglas Elliman Realty is pleased to announce that top-producing agent Todd Burgener, has recently joined the firm. He will be based out of the brokerage’s Austin office.

An Austin expert with an incredible 40-year history with the city, Todd has been named Austin Business Journal’s “Top 30 Agents” for three consecutive years and Platinum Top 50 agent for seven consecutive years. Since the pandemic, he has closed a total of over $180 million in sales volume.

Todd’s hands-on approach and dynamic local insight make him a force to reckon with in the world of real estate. Recognized for his energetic personality and unwavering dedication, Todd is a true advocate for his clients. In 2018, his wife Kim joined him as his Operations Director and their dynamic partnership has been a game-changer.

Beyond real estate, Todd’s passions include music and soccer. Todd’s vibrant spirit and unparalleled expertise continue to leave an indelible mark on his clients and the community alike.

Angela McMurray Hired at Isani Consultants, LP

Posted on by Jordan Jensen

Angela McMurray is the Director of Environmental Services at ISANI Consultants. With 17 years of experience, Ms. McMurray specializes in NEPA evaluations and documentation. Her areas of expertise include Environmental Impact Statements, Environmental Assessments, Community Impact Assessments, Indirect and Cumulative Impact Analysis, Public Involvement, Section 4(f) Analysis, Section 6(f) Analysis, Wetland Delineations, USACE Section 404/401 Permitting, and project management. Ms. McMurray combines strong technical and analytical qualifications with outstanding communication and supervisory skills. She is well-versed in federal, state, and local regulations, as well as possessing several TxDOT pre-certifications, and has extensive experience in contract development with TxDOT. Ms. McMurray graduated from the University of Texas Austin in 2006 with a BA in Geography. In her spare time, Ms. McMurray enjoys baking, photography, and spending time with her family.

Evtex Companies hires Jake Engel as Leasing Associate

Posted on by Jordan Jensen

Recently joining Evtex Companies as a commercial leasing associate, Jake Engel is a University of San Diego graduate with a double major in Real Estate and Finance. A native-born Houstonian, Jake is coming back to his roots to kickstart his real estate career. Jake’s prior internship experiences in Houston have provided him with valuable insights and a strong understanding of the market, making him eager to contribute to and learn from the seasoned real estate professionals at Evtex.

Newmark completes sale and financing of 336-unit multifamily asset in Round Rock

Posted on by Mia Goulart

Newmark has completed the sale and financing of The Warner, a 336-unit core multifamily asset located in Round Rock, Texas. The property was 95% occupied at the time of sale and traded from the developer, an affiliate of real estate development and investment firm Stanmore Partners, to Harbor Group International, a global real estate investment manager.

Newmark Multifamily Capital Markets Vice Chairman Patton Jones and Managing Director Andrew Dickson represented the seller in the transaction. Executive Managing Directors Henry Stimler, Bill Weber and Matt Mense, Senior Managing Director Ari Schwartzbard and Director Daniel Sarsfield of Newmark’s Debt, Equity and Structured Finance team helped arrange the financing on behalf of the buyer.

Built in 2022, The Warner features fully air-conditioned corridors and elevator access to all units. Community amenities include a resort-style pool, gaming and fitness lawns, an expansive clubhouse, private co-working spaces and a 24-hour athletic club. Apartment homes average 901 square feet and feature one-, two- and three-bedroom floorplans.

Located at 2670 S. AW Grimes Boulevard, The Warner boasts a prime location along the Texas Innovation Corridor anchored by Austin’s Silicon Hills and San Antonio’s biotech industry, which has experienced major population and economic growth over the past decade. Additionally, The Warner is proximate to a strong future medical presence, with 730,000 square feet of medical space underway just 15 minutes from the property. Residents further benefit from city-wide connectivity via IH-35, SH-45 and SH-130.

According to Newmark Research, multifamily demand across the U.S. projects to advance even further in 2023, reaching the highest levels since Q3 of 2021 and well above the long-term average. New supply will also significantly increase, with nearly 550,000 units expected to be delivered in 2023 and an all-time high of nearly 588,000 in 2024.

St. John Properties announces new office project north of Austin

Posted on by Mia Goulart

St. John Properties, Inc. plans to break ground early next spring on a 120,000-square-foot project in Leander that will become the suburban community’s first Class-A office building and the first commercial component of the 116-acre urban, mixed-use Northline development 30 miles from Austin.

The four-story building is designed to earn LEED certification and will offer high-quality finishes, floor-to-ceiling windows, as well as 15,500 square feet of ground floor retail and restaurant space. The floorplates will be able to accommodate tenants that are diverse in size and services. Located at 1157 Main St., the project is scheduled to be completed in the first half of 2025. Perennially listed among the fastest growing cities in the nation, Leander has experienced tremendous residential growth over the last decade, fueling demand for commercial space among retailers and other businesses.

Founded in 1971, St. John Properties is one of the nation’s largest and most successful privately held commercial real estate firms with assets of more than $5 billion across 11 states. The Baltimore-based developer opened a Texas regional office in Austin in 2022.

St. John Properties specializes in multi-tenant buildings designed to serve tenants small to large such as law firms, tech companies and business consultants. Suites offered in the new Northline building will start at 2,000 square feet.

The company frequently builds in suburban areas to be near the residences of business owners, and the Northline project will match the company’s approach to construct office buildings in a walkable, mixed use suburban development.

The start of construction on the new office building will mark a major milestone for Northline, Leander’s new downtown district is slated to include more than five million square feet of office, retail, residential, hotel and civic space as well as a signature park.

Residents will begin moving into Northline’s first apartments and townhomes later this year.

The project also serves as a breakthrough for Leander, which has prioritized attracting more employers and retailers to the community in order to diversify its tax base and provide more employment opportunities to residents closer to home.

Private investment firm picks up Sugar Land office building

Posted on by Mia Goulart

JLL Capital Markets has closed the sale of 77 Sugar Creek, a 143,410-square-foot, Class-A office building in Sugar Land, Texas.

JLL, in conjunction with online commercial real estate auction platform RI Marketplace, represented the seller, CWCapital. InLight Capital purchased the asset for an undisclosed amount.

77 Sugar Creek is positioned on a 6.13-acre site about 20 miles SW of Houston’s CBD. Located directly off of Highway 59 near its intersection with Highway 90, the office building has convenient access to the entire Houston metropolitan area. As one of Houston’s most desired residential suburbs, Sugar Land also features an abundant amenity base of nearby hotels, restaurants and retailers.

Renovated in 2018, 77 Sugar Creek has six stories of office space featuring floor-to-ceiling windows and high-quality common areas. The property is currently 66.3% leased as of August 2023.

The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Senior Director Rick Goings and Senior Managing Directors Marty Hogan and Will Sledge.