The Denison Development Alliance (DDA) selected Craig International as master developer for a 189-acre, city-owned site at the intersection of US Highway 75 and FM-84 in far North Texas near Lake Texoma.
David Craig, founder and CEO of Craig International adds, “Our goal is to create a walkable, mixed-use destination that attracts major users, creates energy at the front door of Preston Harbor and delivers long-term value for the City of Denison.”
The property features elevated topography with sweeping views of Randell Lake and Lake Texoma and sits at the front door to the future $6 billion Preston Harbor development, one of the largest mixed-use projects in the region. Craig International is already the lead developer of Preston Harbor and will now extend that vision to this adjacent, high-impact site.
The project will move forward in phases, beginning with collaborative planning between Craig International and the City of Denison to refine the site plan, align on a long-term vision and recruit key anchor users.
An RK Investors-led team obtained an $81 million construction loan for Sutherland at Piper Glen, a 299-unit multifamily development underway in Charlotte’s Piper Glen neighborhood. The financing was provided by Western-Southern Life Insurance Company. The financing was arranged by Nate Sittema, Kristen Reilley and Elliott Voreis with CBRE’s Debt & Structured Finance team. Currently under...
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NAI Capital Commercial EVPs John S. Archibald and Guillermo Olaiz, alongside senior associate Stephen Lam of the Investment Services Group in the Pasadena office, represented the seller, Star Horizon, LLC, in the sale of ZK Plaza, a 41,586-square-foot office building in Pasadena. The property sold for $13,400,000, representing a 3.5% premium over asking. Located at...
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Berkadia announced the sale of Orchard Corners & Suites, a 139-unit, 264-bed, garden-style student housing property serving The University of Kansas in Lawrence, Kansas. Berkadia’s Student Housing and Kansas City investment sales teams collaborated to facilitate the transaction on behalf of the seller, Utah-based Redstone Residential. The Berkadia team included Senior Managing Directors Travis Prince...
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