Texas

Dwight Capital Provides $56M HUD-Insured Construction Loan for Metro Dallas Multifamily Project

by Taylor Williams April 10, 2026

GARLAND, TEXAS — New York City-based Dwight Capital has provided a $56 million HUD-insured construction loan for StoneHawk Rosehill, a 269-unit multifamily project in the northeastern Dallas suburb of Garland. The site spans more than seven acres, and the development will offer one- and two-bedroom units, 51 percent of which will be subject to income restrictions. Amenities will include a pool, clubhouse with fitness and business centers, an onsite leasing and management office and outdoor recreation areas, including a landscaped courtyard. Brandon Baksh and Brian Yee of Dwight originated the financing through HUD’s 221 (d)(4) program on behalf of the locally based sponsor, StoneHawk Capital Partners.

April 10, 2026

Development Industrial Texas

Sansone Group, Principal Break Ground on 682,000 SF Industrial Project in South Austin

by Taylor Williams April 10, 2026

AUSTIN, TEXAS — A partnership between St. Louis-based developer Sansone Group and Principal Asset Management has broken ground on a 682,000-square-foot industrial project in Austin. The site is located 10 miles south of downtown Austin near the Tesla Gigafactory, and the project represents Phase II of a 134-acre development known as Austin Hills Commerce Center. Burton Construction is the general contractor for the Phase II, which will consist of a single building, and Stream Realty Partners has been appointed as the leasing agent. Phase I of Austin Hills Commerce Center comprised three buildings totaling 538,000 square feet. The development is ultimately planned to feature 1.3 million square feet across six buildings.

April 10, 2026

Acquisitions Industrial Texas

Bradford Negotiates Sale of 40,670 SF Industrial Building in Grand Prairie, Texas

by Taylor Williams April 10, 2026

GRAND PRAIRIE, TEXAS — Bradford Commercial Real Estate Services has negotiated the sale of a 40,670-square-foot industrial building in Grand Prairie, located roughly midway between Dallas and Fort Worth. Situated on a 3.4-acre site at 1207 Farmers Road, the building was developed on a speculative basis in 2023 and features 16 dock doors, 24-foot clear heights and 100-foot truck court depths. Erik Blais of Bradford represented the the developer, Hamilton Commercial, in the all-cash transaction. The buyer was Dossun Truck Body Parts.

April 10, 2026

Leasing Activity Office Texas

BNY Mellon Signs 26,849 SF Office Lease in Downtown Houston

by Taylor Williams April 10, 2026

HOUSTON — BNY Mellon has signed a 26,849-square-foot office lease in downtown Houston. The bank is taking space at 811 Main, a 974,884-square-foot office building. Eric Anderson and John Heard of Transwestern represented the landlord, Atlanta-based Invesco Real Estate, in the lease negotiations. David Bale and Cody Little of JLL represented the tenant.

April 10, 2026

Loans Retail Texas

IPA Arranges $113.7M in Acquisition Financing for Fort Worth Retail Portfolio

by Taylor Williams April 9, 2026

FORT WORTH, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged $113.7 million in acquisition financing for Presidio Junction, a portfolio of three contiguous retail centers totaling approximately 375,000 square feet in Fort Worth. The financing comprises life insurance debt and preferred equity. The centers — Presidio Towne Crossing, Tehama Towne Crossing and Vista Ridge — were fully leased at the time of the loan closing to tenants including T.J. Maxx, HomeGoods, Aldi, Petco, Old Navy, Sephora and Five Below. Adam Mengacci led the IPA team that arranged the financing on behalf of the borrower, Younger Partners Investments. The names of the direct lender and equity partner(s) were not disclosed.

April 9, 2026

Affordable Housing Development Multifamily Texas

Palladium Nears Completion of $33M Mixed-Income Housing Project in Metro Houston

by Taylor Williams April 9, 2026

KATY, TEXAS — Palladium USA is nearing completion of a $33 million mixed-income housing project in the western Houston suburb of Katy. Palladium Park Row Katy Living will feature 93 units in one-, two- and three-bedroom formats, with the affordable units reserved for households earning between 30 and 80 percent of the area median income. Amenities will include a pool, fitness center, conference center, dog park, business center, children’s playroom and clubhouse with a mini kitchen. Palladium developed the property in a public-private partnership with the Harris County Housing Finance Corp. HEDK Architects designed the community, and Brownstone Group was the general contractor.

April 9, 2026

Development Industrial Texas

Mohr Capital to Develop 371,388 SF Warehouse in East Houston

by Taylor Williams April 9, 2026

HOUSTON — Dallas-based Mohr Capital will develop Oates 610, a 371,388-square-foot warehouse in East Houston. The site spans 22.3 acres at the intersection of I-610, I-10 and U.S. Highway 90, and Oates 610 will feature a cross-dock configuration, 36-foot clear heights, 80 dock doors and 91 trailer storage stalls. Ware Malcomb is the project architect, and Kimley-Horn is the civil engineer. Site grading will commence in the coming weeks, and construction is expected to be complete in mid-2027.

April 9, 2026

Leasing Activity Office Texas

Seyfarth Shaw Signs 40,487 SF Office Lease in Downtown Houston

by Taylor Williams April 9, 2026

HOUSTON — Seyfarth Shaw has signed a 40,487-square-foot office lease in downtown Houston. The law firm is taking space at 811 Main, a 974,884-square-foot office building. Eric Anderson and John Heard of Transwestern represented the landlord, Atlanta-based Invesco Real Estate, in the lease negotiations. Melissa Copley and Joshua Brown of Newmark represented the tenant.

April 9, 2026

Acquisitions Company News Retail Texas Top Stories Western

Ares to Acquire Whitestone REIT for $1.7B, Take Company Private

by Hayden Spiess April 9, 2026

LOS ANGELES AND HOUSTON — Investment firm Ares Management Corp. (NYSE: ARES) has entered into a definitive merger agreement with Whitestone REIT (NYSE: WSR) to purchase the company. Ares will acquire all outstanding Whitestone common shares and operating partnership units for $19 per share in an all-cash transaction valued at roughly $1.7 billion. Upon closing of the transaction, which is expected in the third quarter, Whitestone will become a private company and will no longer trade on the New York Stock Exchange. Houston-based Whitestone is a real estate investment trust (REIT) focused on open-air neighborhood retail markets. As of March 2026, Whitestone’s portfolio comprised 56 retail properties totaling approximately 3.9 million square feet, including retail centers in Phoenix; Austin, Texas; the Dallas-Fort Worth metro; Houston and San Antonio. “Whitestone’s portfolio provides an attractive opportunity to further diversify Ares Real Estate’s footprint with necessity-based retail centers in high-demand, supply-constrained metro regions across Arizona and Texas,” says David Roth, global head of real estate strategy and growth with Ares Real Estate. Whitestone’s board of trustees unanimously approved the transaction, which is subject to customary closing conditions, including approval by Whitestone’s shareholders. “We believe this transaction with Ares is a testament to the …

April 9, 2026

Development Industrial Texas

ICP Underway on 685,000 SF Industrial Redevelopment Project Near San Antonio

by Taylor Williams April 8, 2026

WINDCREST, TEXAS — Cleveland-based investment and development firm Industrial Commercial Properties (ICP) is underway on a 685,000-square-foot industrial project in Windcrest, located just northeast of San Antonio. Phase I of Windcrest International Business Park, which is a redevelopment of the 1.2 million-square-foot former headquarters complex of local cloud computing firm Rackspace Technology, is nearing completion following infrastructure upgrades and structural improvements. ICP has partnered with the City of Windcrest and Bexar County on the project. Rackspace originally acquired the 66-acre property in 2007. JLL has been tapped as the leasing agent.

April 8, 2026

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