​AUSTIN – Chicago-based Novel Coworking has purchased a six-story building at 14205 N. Mopac Expy. Called Executive Plaza, the 64,336-sf, Class B asset was built in 1986. It is 85 percent occupied to tenants including Bankers Life & Casualty Co., Agnew Associates Inc., and Sim​ms Insurance LLC. Novel will renovate the remaining 15 percent of […]

ARLINGTON, Va. – The National Apartment Association (NAA) is offering guidance to apartment communities regarding COVID-19: Refer media and stakeholder inquiries to resources from the Centers for Disease Control (CDC) and ​other qualified officials. NAA recommends that guidance from the CDC and other officials be treated seriously. Continue to monitor the situation. Stay tuned to […]

CARROLLTON – Namhawk LLC is developing a $300 million mixed-use project called Carrollton Gateway. The company acquired the 11.2 acres between N. Broadway St. and I-35 in early 2019. Phase one will have a 325-unit apartment complex with a third-floor terrace, coworking space, and ground-floor retail. Phase two will include a 150,000-sf office building. Later […]

HOUSTON – Belvoir Real Estate Group LLC has purchased 7600 Woodway Dr., a 110,529-sf office building. The asset, built in 1982, is near the intersection of San Felipe St. and Voss Rd. in the Memorial Villages neighborhood. It is 90 percent occupied. Belvoir plans to improve the property. JLL represented the seller and arranged financing.

THE WOODLA­NDS ­­­­­­– Howard Hughes Corp. has sold the University of Texas M.D. Anderson Cancer Center building at 100 Fellowship Dr. for $115 million.​​ M.D. Anderson will remain in the 208,000-sf building, which opened last September. The sale is part of Howard Hughes’ plan to divest $2 billion in noncore assets.

GARLAND – Anchor Fabrication, a three-property industrial portfolio, has been sold. Built from 1969 to 1991, the asset is on 2.7 acres at 3841, 3851, and 3902 Cavalier Dr. Marcus & Millichap marketed the property on behalf of the seller and procured the buyer.

SOUTHLAKE – Luxury homebuilder Hawkins-Welwood Homes has started on The Metairie, a 29-​acre residential development near White Chapel Blvd. and Dove Rd. The project will include 56 homes averaging 4,500 sf. Lots will average a quarter acre. Homes will be priced around $1.4 million. Completion is set for early 2021. Move-ins will start later that year.

HOUSTON – The Gardens at Spring Shadows, an independent-living community at 10100 Kempwood Dr., has been sold. The 11.4-acre community includes 384 units averaging 740 sf. Amenities include two pools, a salon, library, putting green, and dog park. JLL brokered the sale and arranged financing through Ready Capital.​