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People & Companies, March 22, 2024
- Newmark announces that office agency leasing veterans Clint Madison and John Fancher have joined the firm as Executive Managing Director and Senior Managing Director, respectively. Based in Dallas, the renowned duo brings more than 40 years of combined industry experience, leasing a total of over 14 million square feet throughout their careers. Madison and Fancher joined Newmark from Cushman & Wakefield, where Madison served as Executive Managing Director and Fancher as Senior Director within the Investor Services group.
- JLL Capital Markets has arranged financing for the development of Addison Innovation Center. The 12.2-acre site currently consists of a 140,698-square-foot office building that will be converted to industrial alongside a brand new, 101,364-square-foot, rear-load industrial facility. JLL represented the borrower, Lovett Industrial, and secured the five-year, floating-rate loan through First United Bank and Trust Company.
- A 398-unit Fort Worth apartment project with an affordable housing component broke ground recently. It will open in third quarter 2026. The Jefferson Eastchase will have one-, two-, and three-bedroom layouts, a pool, fitness center, coworking lounge, dog park, and clubroom. JPI develops the apartment in partnership with Fort Worth Housing Solutions. DLR Group Architects is the designer.
- A rezoning has enabled the owner of Flats on Burton LLC to redevelop the existing 134-unit Easton Hills apartments into a vertical mixed-use complex with 385 multifamily units and 9,000 sf of office and retail space in Austin’s Riverside area. In exchange for the increased density, the developer has the option of providing on-site affordable housing or paying a fee in lieu of doing so. In this case, at least 10 percent of the new residential rental units need to be dedicated for households earning under 80 percent of the region’s MFI to be considered affordable housing.
- Marcus & Millichap announced the sale of Rosslyn Heights Apartments, a 60-unit apartment property located in Houston. Rosslyn Heights Apartments is located at 7015 Woodsman Trail in Houston, Texas.
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