Transwestern has announced the appointment of Brian Delgado as Senior Managing Director, Global Head of Capital Markets. With a strong background in working with institutional investors and pension funds, Delgado brings valuable experience to his new role. He joins Transwestern from CrossHarbor Capital Partners where he successfully closed over $1.2 billion in investor commitments.
Adam Altsuler has been named Chief Financial Officer for Transwestern and will play a crucial role as part of the firm’s Executive Committee. In this position, Altsuler will be responsible for setting fiscal priorities and overseeing all financial matters as Transwestern undergoes a transformation to enhance its capabilities and support its mission of value creation.
Faris Lee Investments recently facilitated the sale of Windcrest Village Center in Magnolia, Texas for $5.3 million through agents Don MacLellan and Jeff Conover who represented a Southern California 1031 client targeting Texas due to its strong economy and lack state income tax incentives.The center is fully leased to national/regional retailers on 2.5 acres of land with construction completed in 2023.
The Dallas industrial market currently boasts an impressive amount –33.6 million square feet–of industrial supply under construction which ranks second nationwide.This accounts for approximately 2%of current industrial stock being built across the country totaling at463 million square feet nationwide.
Stotan Industrial is expanding their warehouse space by nearly half-a-million square feet with four buildings being constructed on Topperwein Road at an estimated cost exceeding$51million dollars located within Live Oak city limits.
