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The-Lariat-at-Abilene
DevelopmentLoansMultifamilyTexas

Dwight Capital Provides $66M HUD-Insured Construction Loan for Abilene Multifamily Project

by Taylor Williams

ABILENE, TEXAS — New York City-based Dwight Capital has provided a $66 million HUD-insured construction loan for The Lariat at Abilene, a 312-unit multifamily project in West Texas. Situated on 13 acres, the garden-style property will comprise 13 three-story buildings that will house 186 one-bedroom units and 126 two-bedroom units, as well as a clubhouse building. Amenities will include a pool, fitness center, pickleball court and outdoor grilling and dining areas. Brandon Baksh and Tommy Ng of Dwight originated the financing through HUD’s 221 (d)(4) program on behalf of the borrower, Martin Inderman Development.

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AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Negotiates Sale of 165-Unit Self-Storage Facility in Mansfield, Texas

by Taylor Williams

MANSFIELD, TEXAS — Marcus & Millichap has negotiated the sale of Premium Storage, a 165-unit self-storage facility in Mansfield, located southeast of Fort Worth. The facility offers 12 climate-controlled units, 107 covered parking spaces and 46 uncovered parking spaces for a total of 47,891 net rentable square feet. Danny Cunningham and Brandon Karr of Marcus & Millichap represented the seller, a local owner-operator, in the transaction, and procured the buyer, a Midwest-based investment group. Both parties requested anonymity.

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AcquisitionsIndustrialTexas

Partners Brokers Sale of 14,572 SF Industrial Building in Northwest Houston

by Taylor Williams

HOUSTON —Partners Real Estate has brokered the sale of a 14,572-square-foot industrial building in northwest Houston. According to LoopNet Inc., the building at 5414 Larkin St. was originally constructed in 1983. Wyatt Huff and Hunter Stockard of Partners represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.

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Leasing ActivityRestaurantRetailTexas

Island Grill to Open New Restaurant in Houston’s River Oaks Neighborhood

by Taylor Williams

HOUSTON — Island Grill American Mediterranean, a Houston-based, family-owned concept, will open a new restaurant at 2810 Westheimer Road in the city’s River Oaks neighborhood. Eric Lestin and Michael Burgower of Cushman & Wakefield represented Island Grill in the lease negotiations. The restaurant, which is set to open late next spring, will be the sixth for the company.

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8300-Douglas-Dallas
DevelopmentMixed-UseTexas

JLL Arranges Construction Debt, Joint Venture Equity for Dallas Mixed-Use Project

by Taylor Williams

DALLAS — JLL has arranged undisclosed amounts of construction debt and joint venture equity for 8300 Douglas, a mixed-use project that will be located in the Preston Center submarket of Dallas. Designed by HKS Architects, 8300 Douglas will consist of a 12-story, 300,000-square-foot office building that will be the future regional headquarters of Fifth Third Bank; a 17-story, 147-unit apartment building; 24,000 square feet of retail and restaurant space; and a 35,000-square-foot rooftop park. RAMROCK Real Estate is leading development of 8300 Douglas in partnership with Lincoln Property Co. and Willow Bridge Property Co. Mark Gibson, Jim Curtin, John Rose, Clint Coe, Ryan Pollack and Campbell Swango of JLL structured both components of the capitalization.

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DevelopmentIndustrialTexas

Urban Logistics Realty to Develop Two Industrial Projects Totaling 341,000 SF in North Houston

by Taylor Williams

HOUSTON — Urban Logistics Realty will develop two industrial projects totaling 341,000 square feet in North Houston. Urban NXS Fallbrook will be a 182,400-square-foot, cross-dock industrial building, and Urban NXS West will be a 158,600-square-foot, front-load building. Urban Logistics Realty is developing both projects in a joint venture with Principal Asset Management. First United Bank & Trust is financing construction, which is slated to begin before the end of the summer and to be complete in the second quarter of 2027.

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AcquisitionsIndustrialTexas

Realterm Buys 40-Acre Industrial Outdoor Storage Facility in Laredo, Texas

by Taylor Williams

LAREDO, TEXAS — Realterm, a global investment manager focused on transit-oriented properties, has purchased a 40-acre industrial outdoor storage (IOS) facility in the South Texas city of Laredo. The facility at 14610 Mines Road features 25.3 concrete-paved acres that house a 22,250-square-foot check-in station, a 6,800-square-foot office and a 3,000-square-foot wash bay. This portion of the facility was leased to transit firm Heartland Express at the time of sale. The seller and sales price were not disclosed.

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DevelopmentHealthcareTexas

Hoar Construction Breaks Ground on 32,000 SF Medical Office Building in East Austin

by Taylor Williams

AUSTIN, TEXAS — Alabama-based general contractor Hoar Construction has broken ground on Colony Park Health & Wellness Center, a 32,000-square-foot medical office building in East Austin. Designed by HKS Architects, the four-story building will house the utilities and mechanical equipment on the first floor, a pharmacy, lab and kitchen on the second floor, patient care rooms on the third floor and a dental office on the fourth floor. Central Health is the owner. Construction is slated for a summer 2027 completion.  

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Tobin-Estates-San-Antonio
DevelopmentMultifamilyTexas

Rosewood Begins Leasing 359-Unit Multifamily Project in San Antonio

by Taylor Williams

SAN ANTONIO — Dallas-based Rosewood Property Co. has begun leasing a 359-unit multifamily project in the Alamo Heights area of San Antonio that represents Phase III of a larger development known as Tobin Estates. In addition to the 265 apartments that will be housed in four-story wraparound buildings, Phase III features 94 units with private garages within two four-story buildings. Units come in one-, two- and three-bedroom floor plans, and amenities include a pool, indoor and outdoor fitness centers, resident lounge and a rooftop deck. Project partners included Provident General Contractors, WDG Architecture, civil engineer Westwood and construction lender InterBank. Construction began in May 2024. Information on starting rents was not disclosed.

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DevelopmentIndustrialTexas

HLCI Completes 254,186 SF Industrial Project in Northwest Houston

by Taylor Williams

HOUSTON — Holt Lunsford Commercial Investments (HLCI) has completed Par 1960, a two-building, 254,186-square-foot industrial project in northwest Houston. Building 1 spans 204,375 square feet and features 32-foot clear heights and a front-load configuration. Building 2 totals 49,811 square feet and features 28-foot clear heights and a rear-load configuration. Cushman & Wakefield is the leasing agent for the buildings. Construction began in late 2024.

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