Business

Choice Hotels building Cambria brand in Southlake

Rendering of Cambria Hotel being built in the Kimball Park development in Southlake.
Rendering of Cambria Hotel being built in the Kimball Park development in Southlake. Courtesy photo

Choice Hotels International, Fillmore Capital Partners and developer Fillmore Hospitality have started construction on Cambria Southlake DFW North in Kimball Park, a mixed-use development at Texas 114 and Kimball Avenue.

The location is only the second in Texas for the Cambria brand, said Michael Murphy, senior vice president of upscale brands for Choice Hotels International.

The 175-room hotel is scheduled to open in late 2016. It will include’

a bistro, fitness center and some meeting space. The hotel will employ about 50 workers.

Kimball Park is being developed by Medici Development Partners.

Currently, 24 Cambria properties are open and 25 are under development in the U.S. and Canada. Choice Hotels has 6,300 hotels in 35 countries and territories.

CoreLogic shows rise in home prices

Fort Worth-Arlington home prices rose 6.8 percent in May in CoreLogic’s Home Price Index.

On a month-over-month basis, home prices increased locally by 1.2 percent from April, said the California-based provider of real estate data and analytics.

Nationwide, home prices increased by 6.3 percent in May and 1.7 percent over April, it said.

“Mortgage rates on 30-year fixed-rate loans remained below 4 percent through May, helping to fuel home-purchase activity,” said Frank Nothaft, chief economist for CoreLogic. “Our homes-for-sale listing data shows that markets with high demand and limited supply ... are recording double-digit appreciation rates over the past year.”

Transactions

1250 E. Copeland Road, Arlington

NorthStar Energy Services has relocated to 10,858 square feet of office space in Copeland Tower from Grand Prairie. Richmond Collinsworth, Erik Blais and Clint Manning with Bradford Commercial represented the landlord, Aque Investment Group.

3428 Dalworth St., Arlington

Run Dallas leased 10,000 square feet of office/warehouse space. Patrick Embry with NAI Robert Lynn represented the tenant. Jacob Goodman with Colliers International represented the landlord.

5216 Camp Bowie Blvd., Fort Worth

Centric Capital Partners bought this 10,000-square-foot shopping center from Stony River Ltd. Gary Vasseur with Vasseur Commercial represented the seller.

508 S. Adams St., Fort Worth

The 22,000-square-foot Adams Professional Office Building was bought by FEB Llc. from Heaf Llc., both Fort Worth firms. Michael Berkowitz with Colonial CRE represented the seller. Steve Relyea with Relyea Commercial represented the buyer.

2005 Great Southwest Parkway, Grand Prairie

All Current Electrical Sales leased 21,450 square feet. Tom Walrich and Reed Parker with Lee & Associates represented the landlord, ProLogis. MacKenzie Ford with Stream Realty represented the tenant.

951 & 1000 W. Pipeline Road, Hurst

Porcupine Properties bought a 30,000-square-foot building from Gracious Living Holdings. Gary Vasseur with Vasseur Commercial represented the buyer. Nathan Vasseur represented the seller.

1401 E. Dallas St., Mansfield

Ricky Lunsford and Noel Stainaker leased 10,080 square feet of industrial space with Conti Broad Street Llc. Todd Hawpe with Transwestern represented the tenant.

2401 W. Pioneer Parkway, Pantego

The 36,000-square-foot Pecan Park shopping center was bought by Sync Holdings in Bedford from K & HT Corp. in Honolulu. Michael Berkowitz with Colonial CRE represented the seller. Scott Lowe with Visions Commercial represented the buyer.

300 S. Nolen Drive, Southlake

The 11,992-square-foot Southlake Medical Center, opened in 2014, was sold by Nolen Medical Investments to MPA Southlake MOB, Llc. in Nashville. Ron Hebert and Wayne Bares with Marcus & Millichap negotiated the deal.

Sandra Baker, 817-390-7727

Twitter: @SandraBakerFWST

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