Phyllis Browning Company agent Tiffany Stevens featured in REALTOR® Mag

Tiffany StevensTiffany Stevens, REALTOR® with Phyllis Browning Company, was recently featured in REALTOR®Mag, the official magazine of the National Association of REALTORS®.  In the publication’s article “Going it Alone” spotlighting single homebuyers, Stevens explained why the relationship between real estate professionals and their single clients can be especially strong: “Buying and selling real estate and moving is already a highly emotional process. If you’re doing it alone, it can be scary and stressful.  I keep that in mind when working with my single clientele, so that they never feel like they are completely alone in the process.”

Nearly a quarter of the country’s homeowners go through the house-hunting and -selling process alone.  With a lifestyle including frequent job and status changes, members of this segment are likely to encounter more frequent real estate needs throughout their lifetime—thus proving to be an important client base to REALTORS®, especially those who can connect to them on a personal level early in their homeowning phase.

Stevens also shared a key tip for reaching this demographic: a regular presence on Facebook, including her popular Friday local events posts.  Realizing that singles are likely social and looking to meet others, these particular posts make current and potential clients in this demographic feel she’s “more connected and really know[s] the community.”

Phyllis Browning_colorFor more than 25 years, Phyllis Browning Company has served buyers and sellers of high-quality real estate in the greater San Antonio area, the Hill Country, and throughout South Texas.  A key component of this dedication includes serving as a source of knowledge and information, whether specific to ranches, luxury high-rise condominiums, historic gems, or Hill Country properties—or to the market as a whole.  Stevens’s approach also aligns with the company’s belief in forming genuine relationships with clients and building on those over the years.  Phyllis Browning Company continues their commitment to being The Very Best in service, ethics, technology, information, and community.  Find a REALTOR® and view current listings at www.phyllisbrowning.com.

SWBC Real Estate purchases land in Flower Mound for multi-family development

180x150-SWBCSWBC Real Estate, LLC, announced that it recently purchased nearly 11 acres of land located within The River Walk at Central Park – a master-planned, mixed-use community in Flower Mound, Texas. The company plans to break ground on a 357-Unit Class A multi-family property in July of 2014.

Riverwalk Village will be comprised of 357 rental units, in 12 streetscape-style apartment buildings, constructed of stucco and brick veneer exteriors. The average unit size will be 857 square feet with one-bedroom, two-bedroom, and three-bedroom units.  Stylish interior features include nine-foot ceilings, walk-in closets and storage, crown molding in formal living areas, stainless steel appliances, and granite countertops. Tenants will enjoy a first-class clubhouse with a resort-style pool and spa, state-of-the-art fitness center, direct access or detached garages, a private entrance gate system, and waterfall and river walk views.

“Only one multi-family property has been built in the past 12 years in Flower Mound,” said Stuart Smith, SVP, SWBC Real Estate. “With its location in the heart of the Dallas/Fort Worth Metroplex and easy access to major thoroughfares, Riverwalk Village will attract tenants looking for first-class amenities in close proximity to numerous retailers, restaurants, and entertainment venues that are being built in The River Walk at Central Park community.”

SWBC Builders, LLC, an entity of SWBC Real Estate, will be the general contractor for the project. The proposed total construction time for Riverwalk Village from start to finish is 20 months. In addition to this project, SWBC Real Estate is currently developing two other multi-family projects – Overlook Ranch in Fort Worth and Twin Creeks at Alamo Ranch in San Antonio.

About SWBC Real Estate
SWBC Real Estate, LLC (www.swbcrealestate.com) is owned by SWBC Enterprises, Ltd. SWBC Real Estate is managed by an experienced team of real estate professionals located in Dallas, Texas, with a primary focus in multi-family development. SWBC Enterprises, Ltd. is owned by Charlie Amato and Gary Dudley, co-founders of SWBC. SWBC is a diversified financial services company providing a wide range of insurance, mortgage, and investment services to financial institutions, businesses, and individuals. With offices across the country, SWBC is committed to providing quality products, outstanding service, and customized solutions in all 50 states. SWBC was named one of the “100 Best Companies to Work for in Texas” in 2012, 2013, and 2014. For more information, visit www.swbc.com

Fulbright & Jaworski LLP is now part of the global legal practice of Norton Rose Fulbright

Norton Rose Fulbright logoI am happy to announce that, starting June 3, Fulbright & Jaworski LLP is part of the global legal practice of Norton Rose Fulbright.

You may have already heard about the benefits our combination offers you and our other clients. Norton Rose Fulbright has close to 3,800 lawyers in more than 50 cities across Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia. This expanded footprint enables us to serve your legal needs wherever you do business.

Norton Rose Fulbright offers a full range of services in corporate, M&A and securities; banking and finance; dispute resolution and litigation; intellectual property; antitrust and competition; employment and labor; real estate; and tax. Lawyers with deep experience in regulation and investigations are ready to serve you in all of our principal locations.

We have also significantly enhanced the knowledge and skills we bring to you in key industry sectors, including financial institutions; energy; infrastructure, mining and commodities; technology and innovation; transportation; and life sciences and healthcare.

We are keenly focused on understanding your business and delivering increasing value to you as your business grows. On behalf of everyone at Norton Rose Fulbright, we look forward to serving you in the United States and around the world.

Kenneth L. Stewart | Managing Partner
Fulbright & Jaworski LLP

Duncan to retire, O’Donnell named CEO of USAA Real Estate Company

usaa logoPat Duncan, CEO of USAA Real Estate Co. (“RealCo”), will retire from the day-to-day activities of the company effective May 1, 2013. Mr. Duncan will remain on several entity-related company boards, including the RealCo board as executive vice chairman. He will also remain on the boards of various RealCo subsidiaries and affiliates.

Len O’Donnell will succeed Pat Duncan as CEO of RealCo.  For the past two years, Mr. O’Donnell has served as RealCo’s president and chief operating officer, overseeing all operations of the company to include acquisitions, global investing, capital markets and portfolio management.

“Pat’s record, especially successfully leading RealCo during the recent economic downturn, is outstanding,” says Joe Robles, USAA president and CEO. “Thanks to Pat’s leadership, USAA Real Estate Company has grown to be a major industrial developer that is highly respected, and Len has proven himself well-qualified to build on that tradition.”

Before he joined USAA, Mr. O’Donnell was a RealCo development partner as he served as principal and chief investment officer for Crimson Real Estate Fund, which specialized in value-added acquisitions and build-to-suit development. A graduate of the University of Delaware, Mr. O’Donnell also served as president and CEO of Crimson Capital Ltd., a diversified real estate investment company offering investment management services, as well as development, property management and leasing.

About USAA Real Estate Company
USAA Real Estate Company, with approximately $12 billion in assets under management, provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors.  The USAA Real Estate Company portfolio is diversified by product type and location and includes investments in real estate operating companies.  USAA Real Estate Company is a subsidiary of USAA, a leading financial services company, serving military families since 1922.  For more information, visit www.usrealco.com.

About USAA
USAA provides insurance, banking, investment and retirement products and services to 9.4 million members of the U.S. military and their families. Known for its legendary commitment to its members, USAA is consistently recognized for outstanding service, employee well-being and financial strength. USAA membership is open to all who are serving or have honorably served our nation in the U.S. military – and their eligible family members. For more information about USAA, or to learn more about membership, visit usaa.com.

EPA Recognizes USAA Real Estate Company with 2013 Energy Star® Partner Of The Year – Sustained Excellence Award

usaa logoThe U.S. Environmental Protection Agency (EPA) has recognized USAA Real Estate Company with a 2013 ENERGY STAR Partner of the Year – Sustained Excellence Award for their continued leadership in protecting our environment through superior energy efficiency. USAA Real Estate Company’s accomplishments will be recognized at an awards ceremony in Washington, D.C. on March 26, 2013.

USAA Real Estate Company, an ENERGY STAR partner since 2000, will be honored for its long-term commitment to energy efficiency. In 2012, USAA saved 3.42% in energy consumption, saved $2.7MM and improved overall efficiency (measured via reduction in Average Source Energy Intensity – kBtu/SF/YR) by 38%. This recognition marks USAA Real Estate Company’s 11th straight Energy Star Partner of the Year recognition, the most by any real estate company.

Across the U.S., top companies and organizations are leading the way toward a more energy-efficient future through their participation in ENERGY STAR. Over the last 20 years, with help from ENERGY STAR, American families and businesses have saved more than $230 billion on utility bills and prevented more than 1.8 billion metric tons of greenhouse gas emissions.

“USAA Real Estate Company is committed to increasing energy efficiency in our portfolio through our partnership with ENERGY STAR, which helps protect the environment and reduce greenhouse gas emissions,” said T. Patrick Duncan, CEO.  “More importantly, our partnership with Energy Star and commitment to greater efficiency has driven the business case such that we’ve improved financial performance, tenant/occupant comfort as well as improved environmental execution.”

“EPA is recognizing USAA Real Estate Company for earning EPA’s highest ENERGY STAR award – the 2013 Partner of the Year – Sustained Excellence Award,” said Bob Perciasepe, Acting Administrator, U.S. Environmental Protection Agency. “USAA Real Estate Company leads the field with their commitment to energy efficiency and demonstrates how all Americans can save energy, save money, and create a healthier environment.”

The 2013 Partner of the Year – Sustained Excellence Awards are given to a select group of organizations that have exhibited outstanding leadership year after year. These winners have reduced greenhouse gas emissions by setting and achieving aggressive goals, and employing innovative energy efficiency approaches. These awards recognize ongoing leadership across the ENERGY STAR program, including energy-efficient products, services, new homes, and buildings in the commercial, industrial, and public sectors. Award winners are selected from the nearly 20,000 organizations that participate in the ENERGY STAR program.

About USAA Real Estate Company
USAA Real Estate Company, with approximately $12 billion in assets under management, provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors. The USAA portfolio consists of office, industrial, multi-family, retail and hotel properties as well as investments in real estate operating companies. USAA Real Estate Co. is a subsidiary of USAA, a leading financial services company, serving military families since 1922. For more information, visit www.usrealco.com.

About ENERGY STAR
ENERGY STAR was introduced by the U.S. Environmental Protection Agency in 1992 as a voluntary market-based partnership to reduce greenhouse gas emissions through increased energy efficiency. Today, ENERGY STAR offers businesses and consumers energy-efficient solutions to save energy, money, and help protect the environment for future generations. Nearly 20,000 organizations are ENERGY STAR partners committed to improving the energy efficiency of products, homes, and buildings. For more information about ENERGY STAR, visit www.energystar.gov or call toll-free 1-888-STAR-YES (1-888-782-7937).

Bahram Motamedian Joins USAA Real Estate Company as Managing Director, Portfolio Management

Motamedian_Bahram-2013USAA Real Estate Co. is pleased to welcome Bahram Motamedian as managing director of portfolio management. Mr. Motamedian will join the team leading the USAA Eagle Real Estate Fund, a diversified open end fund investing in all major property types throughout the United States.  In addition, he will direct separately managed accounts and will work closely with executive leadership to advance the company’s international investment strategy.

usaa logo

Mr. Motamedian joins USAA Real Estate Company after 17 years with Hines Interests of Houston, including 10 years in London as managing director for Hines Europe.  His time in Europe included senior roles with a European Value-Added Fund as well as their European development fund.  He also brings experience in emerging markets including Asia, Latin America and Eastern Europe.  Mr. Motamedian serves as a Trustee for the Urban Land Institute, a global consortium of real estate professionals that support responsible use of land in creating sustainable and thriving communities and investments worldwide.

“Bahram brings great experience and energy, and will add extraordinary depth to our portfolio management team. This is the latest step in building one of the premier management teams in our industry” adds Len O’Donnell, company president.

USAA Real Estate Company, with approximately $12 billion in assets under management, provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors. The USAA portfolio consists of office, industrial, retail and hotel properties as well as investments in real estate operating companies. USAA Real Estate Company is a subsidiary of USAA, a leading financial services company, serving military families since 1922. For more information, visit www.usrealco.com.

Crimson Real Estate Fund and USAA Real Estate Company Announce Build-To-Suit For TGS

usaa logocrimsonCrimson Real Estate Fund, L.P. (CREF), and its co-investment partner, USAA Real Estate Company, have acquired eight acres of land in west Houston to build a new headquarters for TGS-Nopec Geophysical Company (TGS). At approximately 97,500 rentable square feet, the 3-story office building and 408 surface parking spaces will be built on Clay Road, near Beltway 8.

The proposed building will be TGS’ North American headquarters. This new facility is designed to meet TGS requirements and will allow for future growth. The Project will be leased in its entirety to TGS.

Patrinely Group, LLC, the development management affiliate of CREF, will develop the building. Crimson Services, LLC, also a related entity to CREF, will provide on-site property management. Jon Silberman of NAI Houston represented the tenant and Dennis Tarro of Crimson Services, LLC represented the landlord in the transaction.

Crimson Real Estate Fund, a real estate opportunity fund, is managed by Crimson Real Estate Advisors, L.P., based in Houston.  USAA Real Estate Company is the largest single investor in CREF and also co-invests alongside CREF, which serves as the sponsor/operating partner. CREF, in addition to funding BTS office and multifamily developments around the country, acquires and repositions real estate opportunities in key growth markets across the United States.

About Crimson Real Estate Advisors, LP
Crimson and its affiliates have acquired and developed assets valued in excess of $3 billion over the past 25 years. For more information, visit www.crimsonrealestateadvisors.com.

About USAA Real Estate Company
USAA Real Estate Company, with approximately $12 billion in assets under management, provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors.  The USAA portfolio consists of office, industrial, retail and hotel properties as well as investments in real estate operating companies. USAA Real Estate Company is a subsidiary of USAA, a leading financial services company, serving military families since 1922. For more information, visit www.usrealco.com.

About Patrinely Group, LLC
Patrinely Group, an affiliate of Crimson Real Estate Fund, is as a national real estate development firm specializing in commercial office and residential projects throughout the United States. For more information, visit www.patrinelygroup.com

About Crimson Services, LLC
Crimson Services, LLC provides property management and leasing services to real estate owners and users. Crimson currently manages approximately 3 million square feet of Class A office space throughout the United States. For more information, visit www.crimsonservicesllc.com

Crimson Real Estate Fund and USAA Real Estate Company Acquire Urban Infill Land in Manhattan

Crimson Real Estate Fund, L.P. (CREF), and its co-investment partner, USAA Real Estate Company, have acquired an urban infill multifamily development site in New York.  Patrinely Group, an affiliate of CREF, will co-develop the property along with DHA Capital LLC, a New York-based real estate development firm.

The 0.634 acre site is located at 546 W. 44th Street on Manhattan’s west side. The proposed project will have 298 units of market rate (80 percent) and affordable (20 percent) housing in addition to a full complement of amenities. The two-building project is slated to begin construction in the first quarter of 2014.

Crimson Real Estate Fund, a real estate opportunity fund, is managed by Crimson Real Estate Advisors, L.P., based in Houston.  USAA Real Estate Company is the largest single investor in CREF and also co-invests alongside CREF, which serves as the sponsor/operating partner. CREF acquires and repositions real estate opportunities in key growth markets across the United States.

“We are pleased to be entering the market with a well-located site with USAA and working with DHA Capital, whose principal Dan Hollander is experienced in developing Class A multifamily properties in Manhattan,” said Dean Patrinely, managing principal of Crimson Real Estate Advisors.

About Crimson Real Estate Advisors, LP
Crimson and its affiliates have acquired and developed assets valued in excess of $3 billion over the past 25 years. For more information, visit www.crimsonrealestateadvisors.com.

About USAA Real Estate Company
USAA Real Estate Company, with approximately $12 billion in assets under management, provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors.  The USAA portfolio consists of office, industrial, retail and hotel properties as well as investments in real estate operating companies. USAA Real Estate Company is a subsidiary of USAA, a leading financial services company, serving military families since 1922. For more information, visit www.usrealco.com.

About Patrinely Group, LLC
Patrinely Group, an affiliate of Crimson Real Estate Fund, is as a national real estate development firm specializing in commercial office and residential projects throughout the United States. Finding innovative solutions for our clients has been at the heart of the Patrinely Group experience for 30 years.

About DHA Capital
DHA Capital LLC is a New York-based real estate development and investment firm.  DHA focuses on the development of high-quality urban infill real estate projects. The firm offers its partners and clients a long history of hands-on real estate experience covering multiple asset types.  DHA Principals have successfully developed $2.5 billion in residential mixed-use development and have a combined 30-year track record of successful projects.