Regions Southwest
Dune Energy to Sell Its Barnett Shale Properties for $41M
July 7, 2008

Dune Energy Inc. has signed a Purchase and Sale Agreement to sell its Barnett Shale assets located in Denton and Wise Counties, Tex., for $41.5 million. BMO Capital Markets rendered a fairness opinion to Dune's Board of Directors on this transaction. Closing is expected to occur on or before July 31. The Barnett Shale reserves represent approximately 19 percent of Dune's total proved reserves, but only 6.8 percent of Dune's year end 2007 SEC Present Value discounted at 10 percent. Proceeds from the sale, after customary purchase price adjustments, will be utilized to eliminate borrowings currently outstanding under Dune's revolver, and for general working capital.

 
Recent Southwest Headlines
Fund Invests $44M in Texas, Ohio Student Housing
Aug. 27, 2008
The Place/BV Student Housing Fund L.L.C. continues to make investments in student housing facilities across the United States, with two more announced today. The properties will be developed in Texas and Ohio for $44 million with completion set for next summer.
tedhamilton1.jpg Dallas Keynote Sees Continued Movement to Urban Living
Aug. 26, 2008
Demographic factors, rising gas prices and changes in Dallas zoning laws have all combined to create a movement toward revitalizing Dallas Fort Worth’s urban core, according to Ted Hamilton, president of Hamilton Properties, who keynoted this morning’s CPN-sponsored Dallas-Fort Worth Property Opportunities Conference.
A&B Sells Austin-Area Retail Center, Eyes Savannah Industrial Market
Aug. 26, 2008
A&B Properties Inc. has sold Boardwalk Shopping Center--a 184,600-square-foot retail center on 21 acres in the Austin submarket of Round Rock, Texas--with intent to reinvest the proceeds in another the burgeoning Savannah, Georgia, industrial market.
stonelake Northland Nabs Austin M-F Portfolio for $270M
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Touting it as the largest apartment deal in Austin’s history, Northland Investment Corp.’s Northland Fund III has acquired a portfolio of nine Class A communities with 2,985 apartment units for $270 million from Equity Residential Properties Trust.
Amazon Leases 513,000-SF Warehouse Outside of Phoenix
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In an effort to accommodate increasing demand, Amazon.com recently leased a 513,000-square-foot warehouse in Goodyear, Ariz., from Duke Realty.