Lone Star PACE Administers $3.5M in C-PACE Funds to Help Renovate Suburban Office Tower in Dallas County
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Lone Star PACE Administers $3.5M in C-PACE Funds to Help Renovate Suburban Office Tower in Dallas County
Lone Star PACE, a leading administrator of Texas’ Commercial Property Assessed Clean Energy Program, facilitated $3.5M in C-PACE financing for sustainable building renovations at Meadow Park Tower in Dallas County. The 263,000-square-foot, 15-story, multitenant office building is located at 10440 N. Central Expressway in Dallas. The building was constructed in 1986 and renovated in 2016.…
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Lone Star PACE Facilitates $40M in C-PACE Financing for Data Center Development in Houston
HOUSTON, Texas, Sept. 18, 2024 — Lone Star PACE, a leader of Texas’ Commercial Property Assessed Clean Energy (C-PACE) program, administered $40 million in C-PACE financing for the revitalization of ViVa Center, a 2.3-million-square-foot technology hub in Houston. The 774,000-square-foot facility at 11445 Compaq Center West Drive is part of the recently rebranded ViVa Center,…
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Lone Star PACE Administers $16.7M in C-PACE Financing for Luxury Car Storage Project in Carrollton
DALLAS, Texas, Aug. 23, 2024 — Lone Star PACE, a leading administrator of Texas’ Commercial Property Assessed Clean Energy Program, today announced it facilitated $16.7M in C-PACE financing for sustainable upgrades at Garages of America, a luxury car storage facility in the Dallas-area suburb of Carrollton. The 125,000-square-foot facility at 2308 and 2328 Marsh Lane…
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Glenn Silva of Lone Star PACE Featured on Multifamily Investment Panel Hosted by Bisnow
Glenn Silva, chief operating officer at Lone Star PACE, was among an esteemed panel of experts assembled to discuss multifamily capital markets at an Aug. 6 event hosted by Bisnow. The discussion centered on the many ways investors are creatively packaging deals in an era of high interest rates and inflation. More on this topic…
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Lone Star PACE Administers $27M in Retroactive C-PACE Financing for Luxury Hotel in Dallas
DALLAS, Texas, Aug. 20, 2024 — Lone Star PACE, a leading administrator of Texas’ Property Assessed Clean Energy program, today announced it facilitated $27M in retroactive C-PACE financing for the award-winning HALL Arts Hotel in the Dallas Arts District. Financing proceeds will recapitalize previously installed sustainable upgrades that save energy and water, including improvements to…
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Hotels Are Harnessing the Power of PACE to Meet Sustainability Goals
Amid widespread demand for sustainability and low-cost debt, one asset type is leading the charge for Texas’ Commercial Property Assessed Clean Energy program. Hospitality groups are increasingly turning to C-PACE to help finance new and existing projects, with half of loans administered by Lone Star PACE so far this year tied to hotels. Owners are…
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Lone Star PACE Administers $46.6M in C-PACE Financing for Luxury Mixed-Use Development in Houston
HOUSTON, Texas, June 3, 2024 – Lone Star PACE, a leading administrator of Texas’ Property Assessed Clean Energy program, today announced it facilitated $46.6M in C-PACE financing for a new mixed-use development near Houston’s Buffalo Bayou Park. A more than $31M loan was administered for The Thompson, a 172-room luxury hotel at 1711 Allen Parkway.…
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Lone Star PACE Administers $11.3M in C-PACE Financing for Holiday Inn Express/Staybridge Suites in Downtown Houston
HOUSTON, Texas, April 15, 2024 -Lone Star PACE, a leading administrator of Texas’ property assessed clean energy program, today announced it facilitated an $11.3 million C-PACE loan for a 17-story, dual-branded hotel planned for Downtown Houston. The 275-room Holiday Inn Express/Staybridge Suites will replace a 20,000-square-foot parking lot at 1319 Texas Ave. The property will…
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How Hotel Property Owners Can Afford to Maintain Sustainability
To provide services for guests, hotel properties are prone to consuming a high volume of energy and water. Heating, cooling, lighting, laundry, irrigation, and operating swimming pools are just some of the activities that drive usage. Just how much? A recent report from the Urban Land Institute reveals that hotels are among the highest energy…
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Mixed-Use Property Owners Maximize Business Potential With C-PACE
According to data from the Department of Energy, there are nearly 6 million commercial properties in the U.S., utilizing 97 billion square feet of floor space. Collectively, this sector spends $190 billion on energy, creating an opportunity for businesses to improve efficiency and reduce costs around heating, cooling, lighting, and water. For mixed use property owners…