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In this role, Bradford will be responsible for developing partnerships and relationships with community organizations focused on serving all of North Texas. Additionally, she will identify community and economic development needs, assist with Veritex’s Charitable Contributions Program and lead the Bank’s employee participation in community activities, programs and events.
Pape-Dawson Engineers, LLC is excited to announce the hiring of Grace Tsai, P.E., PMP, as Vice President, Commercial Land Development. Ms. Tsai began her career at Pape-Dawson and now returns after 15 years in the public sector, bringing over 23 years of experience in civil engineering, project management, and quality assurance. In her new role, Ms. Tsai joins Pape-Dawson’s Commercial Land Development team in the Houston area.
SEDALCO, a 40-year-old leading provider of commercial construction management services, announces that Tyler McCarty has been promoted to Executive Vice President. McCarty, a 15-year construction veteran has served in a number of operational roles since joining the Company in 2008 while assuming a leadership position within the firm. “We are really excited to announce Tyler’s new position within our firm. He has been actively involved over his tenure with our firm in helping define our strategic initiatives and contributing to the success we have enjoyed. With the continued growth and recognition of our firm, he has proven capabilities in developing key relationships across all our market sectors and will now contribute to in a larger management capacity to our continued success. This new role will only enhance our abilities to serve our clients in keeping with our mission; To provide the BEST construction experience.” SEDALCO President/CEO Russ Garrison said.
Cushman & Wakefield has arranged a 7,541-square-foot lease with Hogan Thompson Schuelke LLP at 1001 Fannin on behalf of JMB Realty Corporation.
Brad Beasley and Chip Colvill of Cushman & Wakefield represented the landlord in the lease negotiations. Joshua Brown and Kaitlyn Duffie of Newmark represented the tenant.
The 47-story LEED Gold certified tower includes 1.3 million square feet of flexible and efficient office space with eight corner offices per floor, 25,000 square feet of retail and amenity space, a tunnel-connected parking garage and a new fitness center.
HDA Architects, the beverage wholesaler’s choice for facility needs across the U.S., recently completed a 28,000-square-foot expansion and renovation for Mike Hopkins Distributing in Brenham, Texas.
The expansion consists of a controlled temperature warehouse that includes offices and a customer pick-up area. The existing warehouse and coolers were also renovated with updated ancillary and storage areas and a new, enlarged keg cooler. A connector was designed to link the new and existing facilities and features an area to house equipment for charging purposes.
Construction for the addition used concrete insulated tilt-up walls with steel joists and a TPO membrane roof system. A large custom painted wall mural of the company’s logo is a prominent feature of the elevation as you approach the facility, instilling a sense of pride and brand identity to visitors and employees alike.
CenterSquare Investment Management, in a joint venture with K8H Ventures, has acquired Piney Woods, a to-be-built 394-lot manufactured housing community located in the Crosby submarket of Houston, Texas. The acquisition represents CenterSquare’s first private equity investment in the sector and was made via joint venture with K8H Ventures, an experienced, local manufactured housing operator that has a strong track record in the Houston market.
The property’s central location allows it to benefit from adjacency to both the Port of Houston, which is experiencing significant growth and generating blue-collar jobs, as well as the thriving Lake Houston community. Piney Woods will help address the dilemma of cost-burdened renters who comprise half of this growing metropolitan hub by offering an affordable housing alternative for a market that is witnessing some of the highest population growth rates nationwide. Texas continues to lead the United States for annual manufactured housing shipments by state.
The property will be built to Fannie Mae Level 4 and 5 Quality Rating Standards and will feature modern, new product, appealing to long-term renters seeking a home-like living experience at a reasonable cost. Piney Woods will offer an array of premium amenities including a swimming pool, basketball court, playground, walking trails and green spaces.
CenterSquare has previously invested in manufactured housing through the firm’s listed real estate securities platform. This direct investment aligns with CenterSquare’s thesis of acquiring and/or creating communities that are fortified by strong secular tailwinds including the rising cost of home ownership, increasing demand for larger spaces and amenitized communities, and a limited inventory of affordable options located in high growth submarkets.
The land is shovel ready, and lots will be developed over a 12-month period with completion scheduled for August 2024. The business plan calls for the completion of the horizontal site work and a robust pre-leasing marketing campaign to generate leasing velocity.