RECON (Real Estate Center Online News)
Whitestone Buys Austin Retail Center for $37.5 Million
AUSTIN (Realty News Report) – Whitestone REIT of Houston has acquired the Quinlan Crossing retail center for $37.5 million.

WinCo Foods Leases Space in North Texas
NORTH TEXAS (Dallas Business Journal) – No-frills grocer WinCo Foods is opening two new stores in North Texas.

Passco Cos. Acquires Round Rock Multifamily Asset
ROUND ROCK (REBusiness Online) – Passco Cos. has acquired Lone Oak Apartments, a Class-A complex that was built last year.

Construction Begins on Austin Apartment Complex
AUSTIN (REBusiness Online) – The Altman Cos. has broken ground on Altís Lakeline, a 354-unit apartment complex at 12700 Ridgeline Blvd.

TTC Approves More Than $304 Million in Roadwork
AUSTIN (Texas Department of Transportation) – The Texas Transportation Commission yesterday approved 22 projects from Proposition 1 funding totaling more than $304 million worth of roadway construction, rehabilitation and restoration for improved safety, mobility and connectivity.

National Commercial Real Estate News From CoStar Group
CoStar's People of Note (Aug. 23 - 29)
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Atlanta, Los Angeles, Indianapolis, Northern New Jersey, Dallas / Fort Worth, Chicago, Orange County, South Florida, Minneapolis, Phoenix / Tucson, and Boston. ATLANTA Ackerman & Co. Adds Key Retail Developer to Team By Max Williams
Hong Kong, U.S. Companies Partner to Buy Prime Office Properties
Hong Kong-based Gemini Investments (Holdings) Ltd and Santa Fe, NM-based Rosemont Realty have formed a joint venture to acquire and manage institutional-quality office properties in top U.S. markets. The joint venture creates a major national CRE entity, Gemini-Rosemont Realty LLC, which will launch an aggressive three-year, $3 billion acquisition program with a strategy built on Rosemont's success targeting Class A properties in gateway and certain...

Dermody/Hillwood JV to Build 900,000-SF Logistics Center For Wayfair
Dermody Properties and joint-venture partner Hillwood Investment Properties will develop an 898,560-square-foot logistics facility next to the Cincinnati/Northern Kentucky International Airport (CVG) for e-commerce company Wayfair Inc. The JV leased the land site from the airport earlier this year for the facility on 52 acres at 1600 Donaldson Road in Erlanger, KY, to be called LogistiCenterSM at 275. The project, Dermody’s third in the Kentucky...

Freddie Mac: Dissatisfaction a Key Determining Factor for Multifamily Renters Who Decide to Buy
Satisfaction with one's rental experience may be a factor when deciding to buy a home. According to new Freddie Mac research, renters who are most satisfied with their rental experience are more likely to continue renting (68%) than to purchase a home (32%). And it seems multifamily apartment renters are more satisfied than single-family property renters. According to new Freddie Mac, 67% of apartment renters report being satisfied compared...

Frisch’s Restaurants Sold, Buyer Completes $167 Million Sale/Leaseback
Frisch’s Restaurants Inc. completed a merger with an affiliate of NRD Partners I LP for $174.5 million. Frisch’s Restaurants, a 121-unit Cincinnati-based brand that operates 121 Big Boy restaurants across Ohio, Kentucky and Indiana. The buyer is an affiliate of NRD Capital Management in Atlanta. NRD Capital Partners is the first franchisee-sponsored and managed investment fund focused on investing in - and accelerating the growth of brands...

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