February 19, 2010
CBRE BROKERS 101-UNIT MULTIFAMILY SALE
SAN ANTONIO — CB Richard Ellis (CBRE) has brokered the sale of Cielo Hills, a 101-unit multifamily community located at 2819 SE Military Drive in San Antonio. The property includes one- to four-bedroom units that average 900 square feet in size. The property was foreclosed on by its original lender in 2009, and has since been managed by Greystar, which has completed capital improvements to it. Steve Monroe of CBRE's San Antonio office represented the seller, Cielo Hills SA LLC. The buyer is locally based Aristocrat Developers. The acquisition price was not disclosed.
BRUNKENHOEFER SELLS CORPUS CHRISTI OFFICE BUILDING
Brunkenhoefer Law Firm has disposed of its office building at 520 Lawrence St. in Corpus Christi, Texas. CORPUS CHRISTI, TEXAS — Brunkenhoefer Law Firm has disposed of its office building located in downtown Corpus Christi. The property is a two-story, approximately 7,700-square-foot building. The firm will be relocating to 606 North Carancahua, also in Corpus Christi. Matthew Cravey of NAI Cravey Real Estate Services represented the seller. George Clower of The Clower Company represented the buyer, Channing Slusher, Trustee. The acquisition price was not disclosed.