SAN ANTONIO — An affiliate of Miami-based investment firm Atlantic Pacific Cos. has acquired Reserve at Canyon Creek, a 314-unit apartment community in San Antonio. Reserve at Canyon Creek is located on the city’s northwest side and offers one-, two- and three-bedroom units that range in size from 676 to 1,657 square feet. Amenities include a pool, fitness center, resident clubhouse and a pet park. The new ownership plans to implement a multimillion-dollar renovation program that will upgrade unit interiors, enhance amenity spaces and deliver exterior building improvements. The seller and sales price were not disclosed.
TEXAS CITY, TEXAS — Florida-based real estate private equity firm Eastham Capital has sold Stone Ridge, a 248-unit apartment complex in Texas City, a southeastern suburb of Houston. The property offers one- and two-bedroom units with an average size of 446 square feet. Amenities include a pool, clubhouse, fitness center and a basketball court. Eastham acquired the property in 2018 in a joint venture with Mosaic Residential and subsequently implemented capital improvements. The buyer and sales price were not disclosed.
BOERNE, TEXAS — JLL has brokered the sale of Oxbow Hill Country, a 172-unit apartment complex in Boerne, located northwest of San Antonio. Built on 6.8 acres in 2003, the nine-building property offers one-, two- and three-bedroom units and amenities such as a pool, fitness center, dog park and outdoor grilling and dining stations. Robert Wooten, Robert Arzola and Ryan McBride of JLL represented the seller, California-based Brixton Capital, in the transaction. The buyer was Steadfast Cos.
HOUSTON — U.S. LawShield has signed a 16,071-square-foot office lease at East River, a 150-acre mixed-use project in Houston’s Historic Fifth Ward. The national legal defense membership program will occupy the entire fifth floor of Building C. Amanda Nebel and Eric Seigrist of Cushman & Wakefield represented the landlord, Midway, in the lease negotiations. Hugh Herman, also with Cushman & Wakefield, represented U.S. LawShield.
GEORGETOWN, TEXAS — Baer Manufacturing, an affiliate of Hunt Electric Corp., has signed a 606,000-square-foot, build-to-suit industrial lease in the northern Austin suburb of Georgetown. The company will occupy the entirety of one of the two buildings that are planned for Phase II of Crosspoint Business District, a development by North Texas-based Jackson-Shaw. The second building will be developed on a speculative basis. Construction of both buildings is set to begin in the coming days and to last about a year. Baer Manufacturing has also leased about 73,000 square feet of the remaining space within Phase I of Crosspoint Business District to serve as a temporary operational area while the build-to-suit facility is under construction. Darryl Dadon and Olivia Reed of CBRE represented Jackson-Shaw in the lease negotiations. Carter Thurmond of Endeavor Real Estate Group and Chris Weirens of Stack Industrial Partners represented the tenant.
FORT WORTH, TEXAS — Stockyards Heritage Development Co., which is a partnership between California-based Majestic Realty and Fort Worth-based Hickman Cos., will undertake a $30 million renovation of two hospitality properties in the historic Stockyards District in downtown Fort Worth. The renovation of the Stockyards Hotel and H3 Ranch will deliver upgraded infrastructure and a refreshed dining room, as well as other updates to preserve the properties’ historic character. The hotel first opened in 1907, and the H3 Ranch debuted in 1998. Work is set to begin in early April, with the H3 Ranch scheduled to reopen by the end of the year. The hotel will reopen in early 2027.
BEE CAVE, TEXAS — Velocis, a Dallas-based investment and development firm, has sold West Austin Business Park, a 270,000-square-foot industrial property in Bee Cave, a western suburb of Austin. Velocis developed the property, which consists of three buildings that were constructed on a speculative basis, in partnership with KBC Advisors. The buyer, locally based aerospace engineering firm CesiumAstro, plans to establish a manufacturing and research headquarters facility at West Austin Business Park.
FORT WORTH, TEXAS — Marcus & Millichap has brokered the sale of Overton Park Professional Center, an 18,102-square-foot medical office complex in Fort Worth. The two-building property was built in 2000 and was fully leased at the time of sale. Chris Gainey and Philip Levy of Marcus & Millichap represented the seller, a local private partnership, in the transaction. Levy also procured the buyer, a New York-based 1031 exchange investor, in conjunction with Marcus & Millichap’s Zan Colin.
The March 2 France Media webinar “Flood Zones & FEMA Compliance — How Developers Avoid Delays, Cut Insurance Costs & Increase Property Value,” hosted by France Media and sponsored by National Flood Experts, examined how flood zones and evolving regulatory requirements are shaping development and financing outlooks. Flood risk is often treated as a late-stage compliance issue, but it can influence site design, permitting timelines, construction costs (and cost expectations) and long-term insurance expenses. Flood maps established by federal and local authorities define development constraints such as base flood elevations and floodways. Because these maps are updated slowly and regulations vary by municipality, developers frequently encounter unexpected complications during permitting, including the need for additional engineering studies, modeling requirements and extended approval timelines. The webinar panelists emphasized ways that developers can mitigate these risks by approaching flood zones strategically and incorporating flood analysis earlier in the development lifecycle. Early collaboration can identify opportunities to cut costs and avoid delays. Watch this brief webinar to learn about common problems caused by flood zones, changes in regulatory needs and practical pathways to help reduce or eliminate flood zone requirements (to increase the value of properties). Click here to download the slide presentation. …
DENTON, TEXAS — Texas Woman’s University (TWU) has opened the $107 million health sciences center at its campus in the North Texas city of Denton. The 136,000-square-foot facility serves students in the allied healthcare fields, such as nursing, physical therapy and occupational therapy. The new health sciences center was constructed on seven acres adjacent to Parliament Village, a TWU residential complex. The facility houses laboratory space, classrooms, collaborative workspaces, outdoor clinic sites and a teaching kitchen, as well as community healthcare clinics and training areas for students. Construction began in fall 2023 and topped out in August 2024.
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