Investing

Global real estate investment company Kennedy Wilson represented Hartman Income REIT Management, Inc. (Hartman), on a lease with Galen College of Nursing to expand to nearly 68,000 square feet at One Technology Center, located at 7411 John Smith Drive in San Antonio.

U.S. General Services Administration (GSA) announced significant new investments that are a part of the President’s proposed fiscal year 2017 budget request. The proposed budget is focused on tackling our nation's greatest challenges by making smart investments in federal infrastructure in Austin, Texas, including the purchase of the Internal Revenue Service (IRS) Annex Building and improvements to the Austin Finance Center.

One unfortunate trait shared by many rural Texas communities is a shortage of safe, decent rental housing. Because of this short supply, it can be extremely difficult – not to mention expensive – to secure such housing

Passco Companies, LLC has acquired Lone Oak Apartments, a recently completed 304-unit, Class-A garden-style multifamily community located in Round Rock, Texas, a suburb of Austin, according to Gary Goodman, Senior Vice President Acquisitions of Passco Companies.

U.S. Sen. John Cornyn (R-TX) joined Congressman Will Hurd (R-TX), Chairman Michael McCaul (R-TX), and Congressman Henry Cuellar (D-TX) in efforts to give states more flexibility in how they use federal transportation funds, allowing them to invest more into border infrastructure. Reps. Hurd, McCaul, and Cuellar introduced H.R. 3181 in the House, and Sen. Cornyn worked to include similar language in the long-term highway bill currently pending before the Senate.

CBRE Capital Markets’ Debt & Structured Finance team has arranged $111 million in refinancing for a 1,254-unit, three-property multifamily portfolio in Houston, Texas.

TIAA-CREF, a Fortune 100 financial services organization and a leading institutional real estate investor, today announced the acquisition of 33º North, a student housing complex located at 919 Eagle Drive in Denton, Texas.

Stream Realty Partners, a full-service national real estate investment, development and services company, has announced plans to develop a 150-unit, active adult, apartment community in San Antonio. The 55-plus living community is the first of its kind in San Antonio, offering a fully integrated lifestyle that will allow residents the opportunity to explore health and wellness initiatives, social activities and group service projects. Stream expects to commence on the project in early 2016

The U.S. Environmental Protection Agency (EPA) recently announced the City of Bogalusa as a recipient of $400,000 to assess, clean and redevelop contaminated properties in the local community. EPA recently awarded $54.3 million in investments grants to 145 other communities across the country. The project will boost local economies and leverage jobs while protecting public health and the environment

Governor Greg Abbott today announced that Kubota Tractor and Credit Corporations will relocate their corporate headquarters from Torrance, California to Grapevine, Texas.

Congressman Henry Cuellar (D-TX28) and U.S. Department of Agriculture (USDA) Rural Development Under Secretary Lisa Mensah today announced that Encinal Water Supply Corporation will receive $30,000 in federal funds to complete a Preliminary Engineering Report and Environmental Report. The reports are required for the city to complete an application to apply for financial assistance from USDA Rural Development for water system improvements

The SEC charges were filed in the U.S. District Court for the Northern District of Texas against Novers Financial and its principals Christopher A. Novinger and Brady J. Speers, who live in Mansfield, Texas, and host a financial radio show.