Sunstone Drops $230M on San Antonio Hotel
Sunstone Hotel Investors is splashing into the Lone Star State with an eye-popping hotel deal in downtown San Antonio. The California-based firm struck a deal with Hyatt Hotels to buy the 630-key Hyatt Regency San Antonio Riverwalk, at 123 Losoya Street, for $230 million, marking its first Texas acquisition, the San Antonio Business Journal reported. […]
Housing Could Rise Next to Tokyo Electron HQ in Austin
More details have emerged regarding the city of Austin’s plan for Tokyo Electron’s former campus, should it follow through with the acquisition of the 107-acre property. As the city considers paying $87 million for the Southeast Austin site, at 2400 Grove Boulevard, it’s clear that it would repurpose the two-building, 189,800-square-foot campus for a second […]
Austin Could buy Tokyo Electron’s Former Campus for $87M
The city of Austin is eyeing Tokyo Electron’s former North American headquarters in Southeast Austin, more than five months after the 107-acre property hit the market. The city is in talks to pay about $87 million for the two-building, 189,800-square-foot office campus at 2400 Grove Boulevard, along with an adjacent 60-acre tract that’s ripe for […]
Lender Takes Former GVA Apartments for $21M at Auction
A distressed apartment property on San Antonio’s North Side, formerly owned by embattled multifamily syndicator GVA, sold at auction recently. An LLC with ties to LoanCore Capital, the lender that foreclosed on the property in November, paid $21.3 million for the 285-unit Solara complex, at 11710 Parliament Street, the Austin Business Journal reported. The price, […]
Woodside Makes $14M Office Play in Atlanta
A North Texas investor just made its first play in Atlanta with the acquisition of a three-building office complex in the northwest part of the city. Fort Worth-based Woodside has purchased the Shadowood Office Park on Powers Ferry Road for $14 million, the Dallas Business Journal reported. The property is near the Atlanta Braves’ stadium […]
Hines’ Mansion in Houston’s River Oaks, Priced at $20M, Lands Buyers
A River Oaks mansion that once belonged to Houston real estate royalty has changed hands in one of the city’s priciest home transactions on record. An LLC tied to George DeMontrond III and Marilyn DeMontrond, who own more than a dozen auto dealerships across the country, bought the 17,000-square-foot estate at 2920 Lazy Lane Boulevard, […]
Tilman Fertitta Drops $450M on River Oaks District
Houston Rockets owner Tilman Fertitta reached deep into his pockets to acquire a high-end mixed-use complex in the Galleria area. Fertitta paid an estimated $450 million for the 14-acre River Oaks District, at 4444 Westheimer Road, the Houston Chronicle reported, citing sources familiar with the deal. The seller was an affiliate of JPMorgan Asset Management, […]
Levcor Buys West Houston Industrial Asset
Levcor has injected 67,000 square feet of industrial space into its Houston portfolio. The local firm, led by president Larry Levine, has purchased 6700 Portwest Drive, in the city’s 610 Loop, from a subsidiary of London-based Intertek Group for an undisclosed amount, the Houston Business Journal reported. Edge Capital Markets brokers Kevin Holland and Britton […]
