SPI Advisory invests in property in the suburbs south of Austin

SPI Advisory (SPI) and its 1031 partners finalized the acquisition of The Bradford, a 264-unit, Class A- institutional-quality, value-add apartment community built in 2010 in the high-growth suburb of Buda, Texas, just a 20-minute drive south of Downtown Austin. This acquisition highlights SPI’s continued expansion in the submarket as one of Hays County’s largest landlords with nearly 1,100 units owned and operated between Buda & Kyle.

The area within a three-mile radius of The Bradford experienced a 159% increase in population over the past decade but Hays County has been identified as one of the fastest-growing counties in both Texas and the nation (U.S. Census Bureau; The Greater Austin-San Antonio Corridor Council, 2022).

Previous ownership upgraded a handful of the property’s existing units with premium finishes, appliances, and more contemporary design elements. SPI will continue programmatic upgrades to a handful of units per month for the next two years but intend to leave 50% of the property with affordably priced “classic” units to serve a broader range of prospective tenants long term. 

Parker LaBarge becomes CBRE’s 5th CCIM-Designated broker in San Antonio

San Antonio, TX – CBRE Vice President Parker LaBarge recently obtained his CCIM designation, making him the company’s fifth broker in San Antonio to do so. LaBarge joined CBRE in 2019 and specializes in tenant representation and project leasing for medical and office clients.

“I congratulate Parker on this worthy accomplishment, and I tip my hat to all our CBRE professionals that drive their own personal and professional growth initiatives to ensure they are positioned to deliver the best possible outcomes for their clients and customers,” said John Moake, Managing Director for CBRE’s San Antonio office.

LaBarge becomes the fifth broker in CBRE’s San Antonio office to complete the CCIM program, one of the commercial real estate industry’s most elite designations. Since 1967, more than 20,000 professionals have completed the CCIM Designation program.

“I am proud to have achieved my CCIM designation and am honored to be a member of this esteemed group,” said Mr. LaBarge. “The journey to this milestone has been rewarding, and I am excited to leverage the knowledge and connections gained to enhance my career and deliver exceptional service and results to my clients.”

Western Specialty Contractors names new manager of San Antonio branch

Western Specialty Contractors promoted Stephen Cordova to manager of its San Antonio, Texas, branch.

As branch manager, Cordova is responsible for overseeing sales, daily operations and field personnel at the branch, plus developing new projects within the branch’s territory. Founded in 2000, the San Antonio branch offers the following services: building cleaning, concrete/masonry restoration, epoxy and chemical grout injection, expansion joint systems, exterior wall coatings, parking/plaza deck restoration and waterproofing.

Cordova joined Western’s San Antonio Branch as a Sales/Project Manager in 2018 where he held the position for nearly four years before being promoted to Assistant Branch Manager in July 2022. Prior to Western, he worked 2.5 years as a Construction Manager for Meritage Homes.

JLL adds managing director for Dallas, Austin and San Antonio markets

Jennifer Clendening has joined JLL as managing director, overseeing regional property management across the Dallas, Austin and San Antonio markets in Texas.

In her new role, Clendening will be responsible for ensuring client satisfaction, driving growth in developing new business, cross-selling the platform through close partnerships with business line leaders and enhancing a culture of collaboration, connectivity and cohesion.

With over 25 years in the commercial real estate industry, Jennifer brings a wealth of knowledge and expertise in property management, project management and business development across multiple markets.

Most recently, as Senior Vice President of Investor Services at Partners Real Estate, Jennifer was instrumental in driving growth and ensuring service excellence across major Texas markets, including Dallas, Austin, San Antonio and Houston. Additionally, Jennifer served as Managing Director of Regional Business Development at CBRE, where she played a pivotal role in expanding business and increasing market share across the region.

From 2009 to 2014, Clendening was at JLL as a Vice President in the company’s property management vertical, where her strategic leadership and commitment to excellence earned her recognition as a top performer within the organization.

Houston’s AMB Architects names new managing principal

Houston-based AMB Architects promoted Roy Locke to managing principal.

Locke’s elevation to the AMB leadership team stems from his demonstrated value to clients and leadership in firm operations. He joins firm founder Alyse Makarewicz and Managing Principal Breann Nash at the helm of firm management. Locke will lead technology adoption and integration, and he’ll have oversight of AMB’s project process.

Within AMB’s collaborative team, Locke is responsible for developing design concepts and strategies that align with clients’ goals and budgets. He brings ideas to life through the integration of architectural elements, finishes, and furnishings. His creative energies and background in architecture and urban design provide a platform for exploring the intersection of these practices with interior design and landscape architecture.

Locke leads AMB clients through the design process and walks alongside them during construction. He is a Registered Interior Designer and Registered Accessibility Specialist, meaning he knows how to create functional and beautiful interior environments that will accommodate people of all abilities.

You can see Locke’s work in AMB projects like the Lyric Food Hall, The HUB at The Galleria, and the Spencer Fane Houston office renovation.

SVN|J. Beard Real Estate adds chief investment officer to Houston office

SVN | J. Beard Real Estate – Greater Houston has added Marshall Davidson as chief investment officer to its commercial real estate team.

As a designated Specialist in Industrial and Office Markets (SIOR) and a Certified Commercial Investment Member (CCIM), Davidson leverages over 25 years of experience in real estate strategy, acquisitions, and development. His real estate career is underscored by the successful sourcing and securing of real estate assets across a diverse array of classes, including office, retail, multifamily, industrial, life science, medical-office, hospitality, and mixed-use properties.

In recent years, Davidson has channeled his expertise into meticulously curating portfolios of opportunistic, value-add commercial real estate assets across the dynamic economic landscape of Texas.

In his role as Chief Investment Officer, Davidson will discern opportunistic investment trends, source investment opportunities, and establish and maintain a high-performing acquisitions team. Serving to meet the needs of clients and investors for the J. Beard Team. As the overseer of the investment group, Davidson assumes a leadership role in pivotal decision-making processes related to acquisitions, dispositions, and investments. Furthermore, He will spearhead the identification of sources for debt and equity financing relationships for investors, and lead comprehensive underwriting and due diligence activities, deal structuring, and negotiations.

Colliers names director of national office research

Colliers | U.S. has hired Marianne Skorupski as director of national office research.

With a distinguished career that spans over two decades in commercial real estate research and strategy, Skorupski brings a wealth of knowledge and an innovative approach to Colliers | U.S., aimed at strengthening its research capabilities and providing cutting-edge insights into the office sector.

Before joining Colliers, Skorupski honed her expertise at Newmark, where she served as the Director of Research for the Southeast for eight years. In this role, she was instrumental in analyzing structural trends influencing Atlanta’s real estate performance and its interconnection with national market trends.

Prior to her tenure at Newmark, Skorupski contributed eight years of service as a Research Manager at CBRE, where she developed her foundational research skills and industry insights. Most recently, she embraced the role of Product Strategy Manager, further diversifying her skill set and reinforcing her ability to adapt and innovate in the ever-evolving real estate landscape.