MYCON General Contractors, Inc. (MYCON), headquartered in Dallas, has recently welcomed Trey Lopez as their new safety director. With over three decades of experience in health, safety and environmental management across various industries, Lopez brings valuable expertise to MYCON’s safety program.
Endeavor Real Estate Group , a real estate firm based in Austin with $5.4 billion worth of assets under management, has announced the appointment of Andrew S. Levy as Managing Principal for their Dallas office. In this role, Levy will focus on acquiring office properties throughout the Sunbelt Region.
Industrial Outdoor Ventures (IOV) has completed the purchase of two adjacent industrial outdoor storage facilities on Hightower Drive in Garland,Texas – northeast of Dallas – expanding its presence to seven locations within the Dallas market area.The newly acquired properties cover 5.74 acres and include almost 26,000 square feetof buildings that are available for lease either individually or to a single user.
CBRE recently facilitated a lease agreement between Portside Logistics Center locatedin Baytown,Texasand Borusan Pipe,a steel pipe manufacturer.The deal was brokered by CBRE’s Grant Hortenstine and Susan Haysom representing Borusan Pipe,and Stream Realty Partners’ Tyler Maner and Jeremy Lumbreras representingthe landlord-ajoint venture between Stream Realty Partnersand Principal Asset Management.This new distribution center will serve as an expansion for Borusan Pipe’s current Texas headquarters spanning over122963 square feet.
Pearlmark,in partnership with OTH Capitalhas successfully closedonthe acquisitionof1800 Broadway,a mid-rise apartment community built-in2013consistingof228 unitslocatedinSan Antonio.Theresidenceis situatedwithin San Antonio’s Lower Broadway corridoradjacenttothefamous Pearl District.This marks thesecond joint venturebetween OTH Capitaland Pearlmarkin San Antonio,but it is alsothefirstacquisitionforOTHCapitalwithPearlmarkEquity Partners II, L.P. (“PEP II”),Pearlmark’s value-add equity fund that focuses on middle market multifamily and industrial investments across the United States.The transaction was arranged by IPA,and Prime Finance provided the acquisition financing.
