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The Jones Team

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  • Lender drives sale of The Drever
    ​​​​​DALLAS – The skyscraper project—called The Drever—is the largest-ever redevelopment in downtown.The high-rise, located at 1401 Elm St., is being converted into a mixed-use project valued at more than $350 million.One of the lenders in the Dallas development project is moving to force a sale of the property.GCP Income Opportunities ... read more
    Source: on 2017-11-27
  • Sales up in Harlingen; Valley a mixed bag
    ​​​​​​​​HARLINGEN – The City of Harlingen posted a 12.2 percent year-over-year gain in sales tax reimbursement for September 2017.In August 2017, Harlingen posted an 8.83 percent increase year-over-year.Elsewhere in Cameron County, San Benito was up 6.72 percent; La Feria was up 17.94 percent;​ and ​South Padre Island was up 2.13 percent.Statewide, Texas ... read more
    Source: on 2017-11-27
  • Stewart Title picks up the Bill(iton)
    ​​​​​HOUSTON – Stewart Title has leased 156,000 sf of office space for its headquarters at BHP Billiton in the Four Oaks Place complex located at 1360 Post Oak Blvd.The new Stewart headquarters space in at BHP Billiton spans eight floors.Houston’s supply of sublease space—which had expanded to more than 12 million sf ... read more
    Source: on 2017-11-27
  • Electra America buys Firewheel Apartments
    ​​​SAN ANTONIO – Electra America has purchased the 366-unit Firewheel Apartments from HPI Residential.  Built in 2014, the community offers one-, two-, and three-bedroom floor plans at 6155 Eckhert Rd.​ Electra America's ma​nagement affiliate, Robbins Electra, will manage the property. The buyer will invest $1 million for improvements.Berkadia arranged financing on behalf of the new owner. ​​​ ... read more
    Source: on 2017-11-27
  • New buyer roosts at Eagle Park 20/35
    ​​DeSOTO – A joint venture between Ridgeline Property Group and Stockbridge Capital Group has sold Eagle Park 20/35. The 454,408-sf Class A distribution center sits on 29.5 acres at 1240 E. Centre Park Blvd. JLL represented the seller and procured the buyer. ​​ ... read more
    Source: on 2017-11-27
  • Two clinics opening in El Paso
    ​​EL PASO – A Miami-based primary care organization plans to invest $3.5 million to open two health clinics.MCCI Medical Group plans to open an Eastside location in a building formerly occupied by GECU ​at 10435​ Vista Del Sol Dr. ​and a second location in an office building in Central El Paso.El Paso’s ... read more
    Source: on 2017-11-27
  • Lowe’s picks site for distribution facility
    ​​​​​HOUSTON – Lowe's has signed a lease for space it will occupy through a third-party logistics provider.New Jersey-based NFI will occupy 244,550 sf in the North Houston Logistics Center at 121 Esplanade Blvd. NFI and Lowe's will address demand for construction supplies following Hurricane Harvey. Cushman and Wakefield represented the tenant and the landlord, IDI Gazeley.  ... read more
    Source: on 2017-11-27
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