Property Type

Veranda-Austin

AUSTIN, TEXAS — Newmark has brokered the sale of Veranda, a 362-unit apartment community located at 7205 E. Ben White Blvd. in downtown Austin. Completed in 2024, the garden-style property offers one-, two- and three-bedroom apartments and townhomes with an average size of 802 square feet. Amenities include a pool, outdoor grilling and dining areas, a game room and a fitness center. Patton Jones and Andrew Dickson represented the seller, Wayfinder Real Estate, in the transaction. Adam Randall and John Westby-Gibson, also with Newmark, arranged acquisition financing on behalf of the buyer, a partnership between Missio Capital and Bow River Capital.

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Westbend-Residences-Fort-Worth

FORT WORTH, TEXAS — Locally based owner-operator Trademark Property Co. has broken ground on Westbend Residences, a 321-unit multifamily project that will be located in Fort Worth’s University District. The site spans 3.5 acres within Trademark’s Westbend mixed-use development that fronts the Clear Fork Trinity River. Units will come in one-, two- and three-bedroom floor plans, and a few penthouses will also be available on the top floor.  Amenities will include two elevated resort-style pools, a fitness center and a dog spa, as well as 4,500 square feet of retail space. Construction is expected to be complete in early 2027.

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GRAND PRAIRIE, TEXAS — Alabama-based general contractor Brasfield & Gorrie has broken ground on a $6 million hangar renovation project for Airbus at the airplane manufacturer’s industrial campus in Grand Prairie, located roughly midway between Dallas and Fort Worth. The project will add an annex building and convert an existing building into a helicopter blade repair shop with two custom paint booths. A tentative completion date was not announced.

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HOUSTON — Partners Real Estate has negotiated a 50,995-square-foot industrial lease in northwest Houston. The space is located within Building F of the property at 6410 Langfield Road and can support manufacturing usage. Travis Land and Braedon Emde of Partners represented the landlord in the lease negotiations. Gary Lawless and Kyle Willard of Cresa represented the tenant. Both parties requested anonymity.

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HOUSTON — Colliers has negotiated a 26,847-square-foot industrial sublease in North Houston. According to LoopNet Inc. the building at 14440 John F. Kennedy Blvd. is one of two within the 192,000-square-foot Interwood Business Center. Barrett Gibson and David McMahon of Colliers represented the sublessor, Hospitality Solutions Inc., in the sublease negotiations. The name and representative of the sublessee were not disclosed.

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TAMPA, FLA. — A joint venture between Harrison Street Asset Management and Core Spaces is set to break ground on Hub Tampa Fowler, a 1,195-bed student housing development located near the University of South Florida campus in Tampa. The community will be located within Rithm, a larger mixed-use development led by RD Management that will include hotels, entertainment and retail space. The project is scheduled for completion in 2027 and will offer units in a wide range of configurations across multiple price points, as well as expansive shared amenity spaces. Further details on the development were not released. QuadReal Property Group provided financing for the project. TSB Capital Advisors consulted on the joint venture and financing for the development. The project will mark the second for Harrison Street and Core Spaces in the Tampa market, following Hub Tampa, which was delivered in 2022.

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Eagleview-Landing-Exton

EXTON, PA. — Hankin Group will undertake a $67 million expansion project at Eagleview Landing, its senior living community in Exton, roughly 30 miles west of Philadelphia. Upon completion, the expansion will add 117 independent living residences to the property, which currently consists of 107 assisted living and memory care units and 9,000 square feet of amenity space. The new building will also feature additional amenity space, including a fitness center, indoor pool, spa, theater, game rooms and golf simulator. Residents will also have access to a parking garage, landscaped courtyards and walking trails. Completion is scheduled for November 2026.

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MOUNT KISCO, N.Y. — JLL has brokered the sale of a 598-unit self-storage facility in Mount Kisco, about 45 miles north of Manhattan. CubeSmart operates the facility at 140 Radio Circle, which was completed in 2024 and spans 64,130 net rentable square feet, the majority of which (92 percent) is climate-controlled space. Guthrie Garvin led the JLL team that represented the seller, DHIP Group, in the transaction and procured the buyer, an affiliate of New York City-based investment firm Andover Properties. The facility was 57 percent occupied at the time of sale. The sales price was not disclosed.

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BETHESDA, MD. — Walker & Dunlop has provided a $156.6 million Fannie Mae loan for the refinancing of a five-property, 1,351-unit multifamily portfolio in the Sun Belt. Allan Edelson and Joe Tarantino of Walker & Dunlop originated the loan on behalf of the borrower, Boston Capital Real Estate Partners. The names and addresses of the properties were not disclosed, but the portfolio includes assets in North Carolina and Texas.

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ATLANTA — Atlanta Beltline has issued a request for proposals (RFP) for new mixed-use development on a site along the Beltline’s Southside Trail. The 13.7-acre site is located at 356 University Ave. near the city’s historic Pittsburgh neighborhood that the Beltline purchased in 2023. Atlanta Beltline met with more than two dozen community groups since April 2024 to discuss future plans for the site. Based on the community feedback and the Beltline’s newly completed master plan, the RFP is seeking a mix of market-rate and affordable housing, as well as a mix of commercial and industrial uses. More specifically, the RFP calls for at least 30 percent of residential units reserved as permanently affordable (10 percent at or below 80 percent AMI, 20 percent at or below 50 percent AMI); a minimum of 30 percent of total floor area dedicated to light-industrial use; affordable commercial space (at least 20 percent at rents 30 percent below market for more than 10 years); a partnership with an arts, cultural or community organization for onsite programming; and accessible green spaces, ADA pathways and Beltline connectivity. To date, the Beltline has acquired nearly 90 acres preserved for residential and commercial affordability for both residents …

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