GEORGETOWN, LEANDER AND AUBREY, TEXAS — Walker & Dunlop has arranged the $117.3 million refinancing across multiple loans for a portfolio of three apartment communities totaling 960 units in Texas. Two of the properties — the 312-unit Austin Avenue and the 312-unit Aven Ridge — are located in the northern Austin suburbs of Georgetown and Leander, respectively. The third property, the 336-unit Latitude Magnolia, is located just north of the metroplex in Aubrey. The Austin-area communities were built in 2021 and 2022, respectively, and both offer one-, two- and three-bedroom units, while Austin Avenue also offers studio apartments. Latitude Magnolia was completed in 2021 and offers one- and two-bedroom units. Jordan Casella, Aaron Appel, Adam Schwartz, Jonathan Schwartz, Keith Kurland, Christopher de Raet and Nicholas Gilhooley of Walker & Dunlop arranged the floating-rate, interest-only loans through Benefit Street Partners. The borrower was an undisclosed institutional investment group.
HOUSTON — Austin-based developer Freehill Co. has broken ground on an 809,220-square-foot industrial project in northwest Houston. The project, which represents Phase I of a larger development known as Fairbanks Landing, is a build-to-suit for Power Electronics, a manufacturer of solar inverters, electric vehicle chargers and other energy-oriented devices. Phase I will consist of two buildings that are expected to be complete in the third quarter of next year. Phase II of Fairbanks Landing will comprise two additional buildings totaling 834,720 square feet that will be developed on speculative bases and are slated for a fourth-quarter 2027 delivery. JLL is marketing Phase II for lease.
HOUSTON — Levey Group will develop a 445,750-square-foot industrial project in northeast Houston that will be known as Levey East Belt. The locally based owner-operator has assembled 30 acres at the intersection of Beltway 8 and Tidwell Road with plans to construct a 270,400-square-foot front-load building and two rear-load buildings spanning 131,250 and 44,10 square feet. Levey expects to complete the permitting and approvals process in the first quarter of next year and to spend about 11 months constructing the project, putting delivery on track for early 2028. Cushman & Wakefield is marketing the project for lease.
HUMBLE, TEXAS — Marcus & Millichap has brokered the sale of a 73-room Hampton Inn & Suites hotel in Humble, a northern suburb of Houston. The hotel was in 2016 and offers amenities such as an outdoor pool, fitness center, meeting rooms and a breakfast area. Rajan Patel, Skyler Cooper, Chris Gomes and Allan Miller of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
By Jeff Lefko, executive vice president, partner, Hanley Investment Group Real Estate Advisors The Dallas Design District has entered a new phase of growth that is reshaping its identity and elevating its position within the city’s retail landscape. Once known primarily for showrooms and industrial buildings, the district has become one of Dallas’ most active destinations for dining, entertainment and luxury commerce. The shift has been rapid, and the momentum in 2026 is unmistakable. New openings this year have reinforced that trend. Delilah Dallas, a 1920s-inspired supper club that blends dining with live entertainment, arrived early in the year. Alara, a modern Mediterranean concept built around mezze and shared plates, followed soon thereafter, as did Ospi, a handmade pasta and Roman-style pizza restaurant co-owned by Top Chef contestant Jackson Kalb. Additional arrivals include La Lupita, a Los Cabos-born taquería and mezcalería making its U.S. debut, and Juliet, a Houston-based, movie theater-inspired steakhouse, opened in October next door to Delilah. The recent openings broaden the district’s lineup of destination dining. Operators are choosing the district because it offers visibility, a high-income customer base and proximity to neighborhoods such as Uptown, Downtown, Victory Park and the Medical District. The district’s transformation is …
DALLAS — HALL Group has acquired 2525 McKinnon Street, a 112,000-square-foot office building in Uptown Dallas. The eight-story building was constructed in 2003 at the nexus of McKinnon Street, Olive Street and Cedar Springs Road. HALL Group plans to make capital improvements to the building, including a refresh of the lobby and common areas, the addition of new spec suites and a modernization of building systems, as well as to rebrand the building as HALL Uptown. Eastdil Secured brokered the deal. The seller and sales price were not disclosed.
ALICE, TEXAS — Marcus & Millichap has brokered the $7.3 million sale of a 4,874-square-foot retail building in Alice, about 50 miles west of Corpus Christi, that is leased to 7-Eleven. The building was constructed on a 1.9-acre site at 1910 E. Main St. in 2025. Zack House, Mark Ruble and Chris Lind of Marcus & Millichap represented the buyer, an Arizona-based limited liability company that acquired the building via a 1031 exchange, in the transaction. The seller was a Texas-based limited partnership. Both parties requested anonymity.
DALLAS — Marco Awards Group, wholesale trophy component distributor, has purchased a 49,982-square-foot industrial building in southwest Dallas. According to LoopNet Inc., the building at 4443 Bronze Way was constructed on 4.2 acres in 1982 and features 21.5-foot clear heights. Ryan Hartsell and Chase McAteer of Houston-based brokerage firm Oxford Partners represented the buyer in the transaction. Caleb McCoy of JLL represented the undisclosed seller.
ARLINGTON, TEXAS — Weitzman has arranged the sale of Cooper Oaks, a 17,836-square-foot retail strip center in Arlington. The center is home to tenants such as ATI Physical Therapy, Bricks & Minifigs and Donut Palace, as well as a dentist, Vietnamese restaurant, barbeque restaurant and a nail salon. Kevin Butkus, Guillermo Lopez and Stephen Schmidt of Weitzman negotiated the sale on behalf of the buyer, a limited partnership managed by Weitzman. Will Merritt internally represented the seller, Merritt Capital Partners.
TOMBALL, TEXAS —SEG Solar has acquired two manufacturing buildings totaling roughly 1.1 million square feet within Northwest 99 Business Park in Tomball, a northwestern suburb of Houston. Building 2 totals 450,320 square feet and is under construction as a planned conversion into an additional solar module manufacturing facility. Building 3 totals 704,080 square feet and is also under construction to support the company’s distribution operations. Jon Lindenberger and Barkley Peschel of Colliers represented SEG Solar, which previously purchased the 425,360-square-foot Building 1 within the park in 2025, in both transactions. Clay Development owns Northwest 99 Business Park.
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