- Marcus & Millichap (NYSE: MMI) announced today the sale of a 57-room Comfort Suites hotel property in Galveston, Texas. Skyler Cooper, investment specialist in Marcus & Millichap’s Dallas office, exclusively marketed the property on behalf of the seller. Built in 2007, the property offers amenities such as a lounge/bar, outdoor pool, whirlpool, meeting space, fitness center and business center.
- The Texas Affiliation of Affordable Housing Providers (TAAHP) announced the appointment of Meghan Cano as president of its board of directors, making Cano the organization’s first TAAHP leader who is a former resident of a low-income housing facility. As CEO of CHR Partners – a San Antonio-based non-profit that provides social services to more than 15,000 Texas families each month – Cano brings more than 20 years of experience in affordable housing finance and advocacy.
- CBRE’s Debt & Structured Finance team has added Andy Scott, Michael Cosby and Kris Lowe as Vice Chairs, an industry-leading team with more than 50 years of combined commercial real estate finance experience. The team closed transactions totaling more than $60 billion throughout their careers. Cosby, Lowe and Scott will focus on expanding CBRE’s Debt & Structured Finance capabilities across Texas by originating and executing debt and equity placement transactions across all property types, with a particular emphasis on multifamily assets.
- Hines announced the start of leasing for Meadowlark at Wildflower Ranch, a collection of 129 single-family rental homes within the 1,100-acre Wildflower Ranch master-planned community in Justin, Texas, a suburb of Fort Worth. Meadowlark at Wildflower Ranch offers three-bedroom homes ranging from 1,600 to 2,066 square feet, with rents starting at approximately $2,595.
- Marcus & Millichap brokered the sale of Conroe Shopping Center, an 18-suite retail property in Conroe, Texas. Bill Dang and Justin Miller, investment specialists in Marcus & Millichap’s Houston office, procured the buyer, a Houston-based investor. Conroe Shopping Center, built in 2004, is a 51,030-square-foot, Kroger shadow-anchored strip center located at 2218 Interstate 45 N.
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