Properties

Apartments

Brazos Crossing

717 Hill Blvd, Granbury Texas

Size: 130 Units

Financing: Davis-Penn Mortgage Company, Houston, Texas/HUD 221d-4 guarantee

Status: Sold November 2021

Avalon at Carlsbad

1907 San Jose Blvd, Carlsbad, New Mexico

Phase 1: 112 Units

Phase 2: 64 Units

Financing: Davis-Penn Mortgage Company, Houston, Texas/HUD 221d-4 guarantee

Status: 3.99 rate/99% leased

Sorrento

North Fowler Street, Hobbs, New Mexico

Size: 112 Units

Financing: First Capitol Bank, Lubbock, Texas

Status: 92% leased

Lovington Trails

1100 North Main Street, Lovington, New Mexico

Size: 118 Units

Financing: First Capitol Bank, Lubbock, Texas

Status: 99% leased

Avalon on the Lake

Crawford Court/HWY. 377, Granbury, Texas

Size: 134 Units & clubhouse

Owners: Don Murphy and L&T joint venture

Financing: Davis-Penn Mortgage Company, Houston, Texas/HUD 221d-4 guarantee

Note: Don Murphy negotiated the loan, co-designed the complex and completed the annexation, zoning, and platting of the property

Status: sold

Townhomes of Avalon

Avalon Blvd, HWY 377, Granbury, Texas

Size: 38 townhomes

Lake Granbury waterfront and park views

Owners: Don Murphy and L&T joint venture

Financing: Liberty National Bank, Granbury, Texas

Note: Don Murphy procured the land and installed streets and utilities with a bank loan from Liberty National Bank. He then co-designed the 38 townhomes with a Dallas architect and sold his 50% interest when the project was 50% complete.

Avalon at Briar Forest

Briar Forest Drive, Houston, Texas

Size: 240 units

Owners: Don Murphy and Catalyst Partners

Financing: Davis-Penn Mortgage Company, Houston, Texas/HUD 221d-4 guarantee

Note: Don Murphy contracted the purchase of the land, procured the loan, co-designed the complex with Welty Architects and then assigned the land contract and loan application to a new partnership as a 25% general partner

Status: Completed, leased and sold. Renamed Villas of Briar Forest

Avalon of Victoria

Loop 249, Victoria, Texas

Size: 160 units

Owners: Don Murphy and James McHaney

Financing: Davis-Penn Mortgage Company, Houston, Texas/HUD 221d-4 guarantee

Note: Don Murphy contracted the purchase of the land, procured the loan, co-designed the complex, negotiated the construction contract and then sold his interest to the landowner along with the loan commitment, December 1996

Status: Completed and leased. Renamed Whittington Apartments

Avalon at South Mountain

Chandler Boulevard at 50th Street, Phoenix, Arizona

Size: 312 units

Owners: BUCA I-10 joint venture

Financing: Davis-Penn Mortgage Company, Houston, Texas/HUD 221d-4 guarantee

Note: Don Murphy contracted the purchase of the land, procured the loan, co-designed the complex with Welty Architects and then assigned the land contract and loan application to a new partnership

Status: Completed, leased and sold. Renamed the Renaissance Apartments

Waterford on the Green

Glen View Drive, Fort Worth, Texas

Size: 188 units

Owners: Lexus-Murphy Associates, a Texas Limited Partnership

Financing: St. Louis Federal Savings, St. Louis, Missouri

Status: Completed, leased and sold.

Development Projects as Joint Venture/Consultants

Park East

Brentwood-Stair Road, Fort Worth, Texas

Size: 140 units

Owners: M.B. Fleet Partnership

Status: Sold.

Diamond Loch

Glenview Drive, Fort Worth, Texas

Size: 138 units

Owners: Diamond Loch Associates

Status: Sold

Century Place Apartments

Fort Worth, Texas

Size: 188 units

Owners: M.B. Fleet Partnerships

Status: Sold

Shopping Centers

Avalon Town Center Ruidoso

HWY 70, Ruidoso Downs, New Mexico

Size: 22,000 sq. ft retail center

Financing: $4.5 million, Wells Fargo Bank, 2008

Note: At completion of the shopping center, the city’s leaking water meter destroyed the foundation of one building and damaged the other two buildings. Finally, after 16 months trying to deny coverage, Avalon’s insurer, Liberty Mutual Insurance Company, paid $1.2 million to settle the damage claim.

Status: The mortgage was purchased by investors from Dallas to further the development of the property with guidance from Don Murphy

Williamsburg Court LLC

1715 South Morgan Street, Granbury, Texas

Size: 3,800 sq. ft

Financing: First National Bank, Weatherford

Status: 100% leased, Kindred Healthcare. Owned and managed by the LLC, Don Murphy manager

Walgreens at Avalon

1020 State HWY 377, Granbury, Texas

Size: 15,300 sq.

Note: Omni Group Inc. purchsed the 1.3 acre site from Don Murphy and built the Walgreens building in record time. Murphy personally paid for and directed the construction of the State Highway 377 traffic signal, median, Hill Boulevard, Avalon Boulevard, storm sewer, water and sanitary sewer at an expense of almost $400,000, all requirements for a Walgreens opening. Those improvements then became the infrastructure for the 44,000 sq. ft. Avalon Town Center and free standing Chili’s Restaurant and Bar.

Avalon Town Center

1030 State HWY 377, Granbury, Texas

Size: 44,000 sq. ft, retail,restaurants, and second story offices

Developer: Avalon Property Company, Don Murphy as general partner in a limited partnership

Financing: Frost Bank, Fort Worth, Texas

Status: Sold to an investment group

Village at Woodland Hills

6800 Memorial Drive, Tulsa, Oklahoma

Size: 352,000 sq. ft. Community shopping center

Owners: Tulsa Adams LTD, a Texas general partnership
Original appraised value: $28,000,000
Original loan amount: $20,000,000
Lien holder: People’s Financial Mortgage Corporation

Tenants: Mervyn’s, Marshal’s, Beall’s, Red Lobster, Cinemark 8 Screen Theater, Pep Boys & Blockbuster Video

Note: Don Murphy contracted the purchase of the land, co-designed the shopping center with McCune Architects and negotiated the “anchor” department store leases with Mervyn’s, Marshal’s & Beall’s. He then formed a partnership with Dimension Development Company to construct, lease & manage the center.

Status: Sold

Medical Offices

Avalon Medical Park II

1200 Crawford Ave, Granbury, Texas

Size: 13,600 sq. ft

Financing: Omni-American Bank, Fort Worth Texas construction financing and permanent loan.

Note: Don Murphy as a general partner developed the medical park and handled the leasing for phase I and phase II buildings. The medical buildings were sold to an investment group in 2014.

Avalon Medical Park I

805 Hill Blvd, Granbury Texas

Size: 21,000 sq. ft

Financing: Bank of America provided the 20 year permanent loan in 2008 and the building was 100% leased in less than a year

Note: Don Murphy as a general partner developed the medical park and handled the leasing for phase I and phase II buildings. The medical buildings were sold to an investment group in 2014.

Subdivisions & Custom Homes

Subdivisions

Catalina Bay

1780 Waters Edge Drive, Granbury Texas

Size: 22 acres

Use: 67 patio home lots, platted by Don Murphy as general partner

Status: Catalina Bay II was developed first. Don Murphy sold his interest in the Catalina Bay undeveloped property in 2005

Catalina Bay II

1700 Waters Edge Drive, Granbury, Texas

Size: 151 acres, 214 platted single family lots

Financing: Texas Bank financed the initial acquisition and development loan of $5,100,000. Fifty percent of the first phase was sold with homes completed for residents and other homes are under construction for additional residents.

Note: Don Murphy purchased the land, conceived the Fort Lauderdale style design, completed the platting process, contracted for the $1.1 million bond, supervised the installation of 2.5 miles of canals with bulkhead along with the construction of the streets and utilities as the developer of this project. Later, along with his sales/marketing director, Lee Walker, he sold the lots in phase I. Don Murphy sold his interest in the project in 2005.