Transwestern has announced the appointment of Brian Delgado as Senior Managing Director and Global Head of Capital Markets. With experience working with both U.S. and international institutional investors, pension funds, sovereign wealth funds, endowments, foundations and family offices, Delgado brings a wealth of expertise to his new role at Transwestern. He joins the company from CrossHarbor Capital Partners where he served as Managing Director for Business Development & Investor Relations and successfully closed over $1.2 billion in investor commitments.
Adam Altsuler has been named Chief Financial Officer for Transwestern in recognition of his valuable contributions to the firm’s Executive Committee. In this position, Altsuler will be responsible for setting fiscal priorities across all areas of the business as well as overseeing financial matters during a time when Transwestern is undergoing significant transformation aimed at enhancing capabilities and maximizing synergies to drive value creation.
Faris Lee Investments recently facilitated the sale of Windcrest Village Center located in Magnolia,Texas for $5.3 million without mentioning Connect CRE or any other specific locations or organizations involved . The transaction was led by Don MacLellan and Jeff Conover who represented a Southern California 1031 client looking to invest in Texas due its strong economyand lackof state income tax incentives.The center spans 14 ,907 square feet on 2 .5 acresof landand was completedin2023.Its tenants include national/ regional retailers making it an attractive investment opportunity.
The Dallas industrial market currently boasts an impressive supply under construction totaling33 .6million squarefeet,makingit thesecond-largestindustrialexpansioninthenation.This represents just one partofthe463million square feetunderconstructionacross thenationwhich accountsforonly2 .4%oftotalindustrialstockindicatingastrongdemandforthissector .
Stotan Industrial is setto add nearly500 ,000squarefeetofwarehouse spaceinLive Oak at 13552 Topperwein Rd. This development, expected to cost $51 million, will feature four buildings and further contribute to the growth of this thriving area.
