According to an article in the Dallas Morning News, Austin’s Castle Hill Partners is building a 1,700 acre residential project called Trinity Falls in Collin County, north of McKinney. The first phase calls for 238 homes with plans to house more than 4,200 families.
To see the article in the Dallas Morning News
KDC has announced that William Peeples, an MBA graduate from McCombs, will oversee development and investment opportunities for their new office in Houston.
Peeples joined KDC in 2011 and worked previously as a commercial real estate lender with Amegy Bank.
To see the complete article at GlobeSt.com
GlobeSt.com reports that USAA REALCO and Patrinely Group recently broke ground on a new office development in San Antonio across from the Shops at La Cantera. Westridge at La Cantera is a 42 acre master-planned development located west of La Cantera Parkway. Four office buildings are planned, each consisting of approximately 128,700 square feet of prime office space.
USAA Real Estate Company was founded in 1982 as the real estate investment arm of USAA. Their portfolio consists of more than 90 million square feet in office, medical office, industrial, multi-family, retail and hotel properties, as well as investment in real estate operating companies.
See the GlobeSt.com article here.
On October 19, 2013 students from across the UT campus competed in the first URES Student Real Estate Case Challenge. An outstanding group of judges from the industry choose the three winning teams.
Students on the first place team(l to r) were Andrew Armour, Makenzie Warlow, Matthew Boettger, Matthew Bronstein and Yosua Setiawan.
Congratulations go to all the hardworking students who participated in the Challenge.
McCombs undergrads visit Hunt Realty Investments on Oct. 25, 2013
On October 25, both McCombs graduate and undergraduate real estate students visited a number of prominent real estate firms in Dallas. The undergrad students schedule included Behringer Harvard, CBRE, Crow Holdings, Hunt Realty Investments and Prudential Mortgage Capital Company.
Graduate students stopped by Hillwood Investment Properties, Invesco Real Estate, KDC, Lincoln Property and Prologis.
All agree that these trips provide an invaluable learning experience for students. Thanks so much to all the firms that hosted students this year.
Sheridan Titman, McComb’s Walter W. McAllister Centennial Chair in Financial Services and Garry Twite, a Visiting Professor, were awarded the 2013 NAREIT Distinguished Research Prize for the best paper presented at the AREUEA/NAREIT Research Conference in Chicago this summer. Their co-author was Libo Sun. The winning paper was entitled “REIT and Commercial Real Estate Returns: A Post Mortem of the Financial Crisis”.
Congratulations Professors Titman and Twite!
BISNOW reports that Camden Property’s Keith Oden, Ric Campo and Jeannine Henry opened Tuesday’s trading session of the NYSE.
The firm is one of the largest multifamily REITs in the country and is celebrating its 20th anniversary as a public company.
Congratulations to Camden!
Congrats to REFIC’s Managing Director, Joseph Cahoon – his recent office development project, the new Cirrus Logic corporate headquarters building at 6th & West Ave, won ABJ’s office project of the year!
Congratulations go to the REFIC MBA team for their first place win in the University of North Carolina’s Real Estate Development Challenge on February 15, 2013. This year’s team members were Courtney Blackburn MBA ’13, Mason Gilmore MBA ’14, Ziad Haddad MBA ’14 and Richard Long MBA ’14. They will divide a prize of $10,000.
The other universities competing in the Challenge were Chicago, Columbia, Cornell, Dartmouth, Duke, Georgetown, London Business School, Northwestern, NYU, UCLA, University of North Carolina at Chapel Hill, USC and Vanderbilt.
This win comes on the heals of a 4th place win by another McCombs MBA team in the 2012 McCombs Real Estate Challenge.
Kudos go to all of these outstanding students who have represented the McCombs MBA program this school year.
Jay Hartzell, chair of the Department of Finance, and Jung-Eun Kim, a McCombs Ph.D. student, have co-authored the Real Estate Finance and Investment Center’s first white paper. The paper, “Returns in the Nontraded REIT Industry: Evidence from Full-Cycle Events”, was produced in conjunction with Blue Vault Partners, a firm that specializes in nontraded REITs.
Professor Hartzell was quoted in a recent article in the Wall Street Journal about the specific qualities of non-traded REITs and their performance. To see the WSJ article