This Week's Houston Deal Sheet
Houston Marriott Medical Center/Museum District has finished a multimillion-dollar, three-phase renovation.
The 398-unit hotel at 6580 Fannin St. now has two new restaurants, a meeting and social space, as well as a private club and fitness center. The new restaurants, Curate and Main & Green, have been added alongside the M Club, a private club with 24-hour meals, snacks and beverages, targeted at travelers.
“With the completion of our third and final phase of the hotel transformation, we are excited to showcase our hotel to travelers seeking to explore Houston,” Jennifer Gohagan, general manager of the Houston Marriott Medical Center/Museum District, said in a release.
“Our public areas, restaurants, and bar have been mindfully transformed to invite guests in. The new M Club lounge is a competitive differentiator and provides our business and leisure guests 1,900 square feet to work, relax, and unwind.”
SALES
RPM Living sold The Dawson, a 354-unit Energy Corridor multifamily complex.
Bridge Partners bought the property at 13411 Briar Forest Drive. Berkadia senior managing directors Chris Curry and Todd Marix, managing directors Jeffrey Skipworth, Chris Young and Joey Rippel, and Director Kyle Whitney represented the seller. Berkadia Incline Village Managing Director Clay Akiwenzie secured acquisition financing.
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A 7.2-acre tract at 14900 Market St. traded hands.
Junction Commercial Real Estate's Reed Vestal and John Erck represented the unnamed buyer. The unnamed seller was represented by NAI Partners' AJ Williams and Travis Land.
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Helvetica Reo Investors X and Holcomb Gorby sold a 78K SF retail center to an unnamed investor.
The 5.7-acre property is at 10703 Gulf Freeway and is 80% occupied. The buyer was represented by Newman Kelly Commercial Real Estate's Jared Pinto.
CONSTRUCTION AND DEVELOPMENT
David Weekley Homes began selling houses in a new section of its Artavia master-planned community in Conroe.
The houses are priced from $300K and range between 1.6K SF and 2.5K SF.
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Lake Jackson-based Buc-ee's opened its first Kentucky store.
The 53K SF store in Richmond, Kentucky, opened on April 19. It will hire 175. The rapidly growing cult chain has more stores expected this year in Colorado, Mississippi and Missouri.
FINANCING
Marcus & Millichap Capital Corp. refinanced Turtle Creek Apartments in Houston for $4.15M.
The Heights-area, 93-unit property was also refinanced along with an El Paso apartment complex, Amigos del Sol Apartments. MMC First Vice President Phillip Gause originated the deal.
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Northwind Group originated a $26M loan for a property at 2120 Post Oak Blvd.
DeisoMoss, a developer founded by Andrew Deiso and Taylor Moss, will build a 652K SF mixed-use property at 2120 Post Oak Blvd. in the Galleria.
Northwind Group originated a $26K first mortgage bridge loan for the property. It will be a 552K SF, 345-unit multifamily property with 100K SF of office and retail.
