DALLAS — Newmark has negotiated the sale of The Offices at Park Lane, a 230,691-square-foot office complex in North Dallas. Completed in the mid-1970s, the two-building complex is located within The Shops at Park Lane, a 33-acre mixed-use development, and was 66 percent leased to 16 tenants at the time of sale. Chris Murphy, Robert Hill, Gary Carr and Austin Sheahan of Newmark represented the seller, Northwood Investors, in the transaction. The buyer was DFW LAND Real Estate.
KATY, TEXAS — Chicago-based RSK Real Estate Partners will develop The Landing at Katy Pointe, a 210-unit build-to-rent project that will be located on a 17.2-acre site on the western outskirts of Houston. The development will offer two- and three-bedroom homes with an average size of 1,500 square feet that will include attached garages and private yards. Construction is set to begin in the coming weeks and to be complete in the third quarter of 2026. NewQuest brokered the sale of the land.
DORAL, FLA. — Terra has arranged the $74 million sale of Doral Square, a 150,000-square-foot lifestyle shopping center in Doral, a western suburb of Miami. North Miami-based IMC Equity Group was the buyer. Mark Gilbert of Cushman & Wakefield brokered the transaction. Ocean Bank provided a $36 million acquisition loan to the buyer. Situated at the gateway to downtown Doral, the property is anchored by Marshalls, Ross Dress for Less and UFC Gym. Additional tenants include HomeGoods, Pet Supermarket, One Medical, Laser Away, AT&T, Paradise Grills, European Wax Center, First Watch, Jersey Mike’s, Just Salad, Panda Express, Nacion Sushi, Lima Bakery, Miu’s Tea and El Toro Loco.
HUMBLE, TEXAS — Colliers has brokered the sale of a 51,951-square-foot industrial property in Humble, a northern suburb of Houston. The site at 134 Wilson Road houses multiple buildings that were constructed between 1960 and 2009 and that offer a variety of configurations and clear-height ranges. Tom Condon Jr. of Colliers represented the seller, Humble Machine Works Inc., in the transaction. Ross James and David Claros of Newmark represented the undisclosed buyer.
ROCK HILL, S.C. — Atlanta Property Group (APG) has acquired 885 Paragon Way, a 300,080-square-foot distribution facility located in Rock Hill, roughly 15 miles south of Charlotte. Situated in the master-planned Riverwalk Business Park, the temperature-controlled property features 32-foot clear heights, 33 dock high doors, a 180-foot truck court and a 4,000-amp electrical system. The property is currently vacant. The sales price and seller were not disclosed.
ALBANY, GA. — Lockwood Cos. has broken ground on Dogwood Trail Apartments II, a 40-unit affordable seniors housing community located in the South Georgia city of Albany. Construction of Dogwood Trail Apartments II is estimated to take 14 months to complete, with a scheduled opening in winter 2027. Upon completion, the senior living community will provide housing for residents age 55 and older who earn 30, 50, 60 and 70 percent of the area median income (AMI). In partnership with the Albany Housing Authority, eight units will also be set aside for residents with project-based Housing Choice Vouchers. Dogwood Trail Apartments II will offer 20 one-bedroom and 20 two-bedroom apartments with elevators. The energy-efficient project will meet National Green Building Standards and will be furnished with dishwashers and washer/dryer connections. Additionally, all units will be pre-wired for cable and high-speed internet access.
TAMPA, FLA. — Locally based BendinRoad Development, in partnership with Landings Real Estate Group, has begun leasing at The Residences at 801 East Whiting Street, a new 104-unit rental community located near the $3 billion Water Street Tampa neighborhood. Nicholas & Associates served as general contractor for the development. The Residences at 801 East Whiting Street offers 51 long-term rentals for 42 studio apartments and nine one-bedroom apartments, along with 53 fully furnished apartments designated for short-term rentals that are situated on the second through fifth floors. Apartment units range in size from 388 to 542 square feet. Amenities at the complex include a fitness center; spa, pool and outdoor kitchen with a grilling area; lobby lounge with a kitchenette; bike and scooter storage; coworking space with two private offices and a common work area; and a secure package room.
NEW YORK CITY — Locally based financial intermediary HKS Real Estate Advisors has arranged a $31.7 million loan for the refinancing of a 53-unit apartment building in Brooklyn’s Greenpoint neighborhood. The newly constructed, six-story building at 36 India St. includes two commercial spaces and 27 parking spaces. Andrew Pilchick and Alex Dobosh of HKS arranged the debt through 360 Capital Funding on behalf of the borrower, Navistone Development.
NOBLESVILLE, IND. — A joint venture of PCCP, Trinitas Ventures and Peninsula Investments has begun development of Avanza at Hyde Park, a 237-unit build-to-rent (BTR) community in the Indianapolis suburb of Noblesville. Completion is slated for fall 2027. Avanza at Hyde Park is the first BTR development for Trinitas under its Avanza brand. The project will feature one-, two- and three-bedroom villas along with two- and three-bedroom townhomes. An amenity center will include private conference rooms, a resident lounge, open green space, a pool, outdoor lounge areas, a dog park and walking trail. The project is situated across from Noblesville’s Hamilton Town Center, a 950,000-square-foot, open-air retail center.
ST. LOUIS PARK, MINN. — JLL Capital Markets has arranged the sale of Helix Apartments, a 167-unit property in the Minneapolis suburb of St. Louis Park. Built in 1985 and extensively renovated between 2020 and 2022, Helix Apartments features units averaging 990 square feet. Amenities include a pool, fitness center, community lounge with coffee bar, rooftop terrace, dog park and walking paths. Josh Talberg, Joseph Peris and Jack Graveline of JLL represented the seller and procured the buyer, Jason Quilling of QT Holdings.