Tuesday, July 14, 2026
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Whisper-35-San-Marcos
DevelopmentIndustrialTexas

Greystar Breaks Ground on 500,000 SF Whisper 35 Industrial Project in San Marcos, Texas

by Taylor Williams

SAN MARCOS, TEXAS — South Carolina-based developer Greystar has broken ground on Phase II of Whisper 35, a 500,000-square-foot industrial project in San Marcos, located roughly midway between Austin and San Antonio. Phase I of Whisper 35 consists of two buildings totaling approximately 180,000 square feet, the first of which is complete and fully leased and the second of which is slated for a fourth-quarter delivery. Phase II will comprise three buildings totaling roughly 315,000 square feet that are expected to be complete in the third quarter of 2023. RC Page is the general contractor for the project, and Stream Realty Partners is the leasing agent.

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Highland-Bluffs-Dallas
AcquisitionsMultifamilyTexas

Westmount Realty Capital Sells 357-Unit Highland Bluffs Apartments in East Dallas

by Taylor Williams

DALLAS — Locally based investment firm Westmount Realty Capital has sold Highland Bluffs, a 357-unit apartment community in East Dallas. The property was built in 1984 and consists of 28 three-story buildings that house one- and two-bedroom units ranging in size from 465 to 1,012 square feet. Amenities include a pool, playground, outdoor picnic areas and onsite laundry facilities. Al Silva and Ford Braly of Marcus & Millichap represented Westmount Realty Capital, which invested significant upgrades during its eight years of ownership, in the transaction. The duo also procured the buyer, Dallas-based Lurin Investments.

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Leasing ActivityOfficeTexas

CTCI Americas Signs 49,662 SF Office Lease in Houston’s Energy Corridor

by Taylor Williams

HOUSTON — Engineering and construction firm CTCI Americas Inc. has signed a 49,662-square-foot office lease at 15721 Park Row in Houston’s Energy Corridor. The six-story, 145,000-square-foot building offers a tenant lounge, conference facilities and an outdoor collaboration area. Josh Morrow of Avison Young represented the tenant in the lease negotiations. Steve Rocher, Parker Duffie and Jenny Mueller of CBRE represented the landlord, BH Properties.

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DevelopmentHealthcareTexas

Texas Oncology to Open 32,000 SF Cancer Care Center in Beaumont

by Taylor Williams

BEAUMONT, TEXAS — Texas Oncology will open a 32,000-square-foot cancer care center on the Christus Southeast Texas St. Elizabeth medical campus in Beaumont. The center will provide medical oncology, radiation oncology, gynecologic oncology, chemotherapy, genetic counseling and lab services. Cottonwood Development is developing the facility, with McCarthy Building Cos. serving as general contractor. Construction is underway, and the center is scheduled to open in spring 2023.

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Canvas-Valley-Forge-King-of-Prussia
AcquisitionsMultifamilyNortheastPennsylvania

Livingston Street Capital Acquires 231-Unit Active Adult Community Near Philadelphia

by Taylor Williams

KING OF PRUSSIA, PA. — Livingston Street Capital, a private equity firm with offices in Radnor, Pa., and New York City, has acquired Canvas Valley Forge, a 231-unit active adult community located north of Philadelphia in King of Prussia. The property offers 147 one-bedroom units and 84 two-bedroom units. Indoor amenities include a fitness center, salon and spa, craft room, game room, library/media room, resident lounge, package room and concierge services. Outdoors, residents have access to a pool with a sundeck and hot tub, courtyard with grills and seating areas, a dog park with a washing station and a bocce ball court. The seller and sales price were not disclosed.

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DevelopmentFloridaMultifamilySoutheast

Adam America, Stellar Communities to Develop 275-Unit Apartment Community in Broward County

by John Nelson

DANIA BEACH, FLA. — An affiliate of Adam America Real Estate and Stellar Communities plan to develop a six-story, 275-unit apartment community in South Florida’s Broward County. The developers recently purchased 7.2 acres of fully entitled land at 4200 SW 54 Court in Dania Beach for the development near the new Seminole Hard Rock Hotel & Casino. Designed by CFE Architects, the unnamed apartment community will feature a 450-space parking garage, nature preserve, parks, resort-style pool, fitness center, clubroom, coworking space and electric vehicle charging stations. Units will come in studio, one-, two- and three-bedroom floor plans. Adam America and Stellar plan to deliver the community by the fourth quarter of 2024. The duo are also co-developing build-to-rent communities around Florida and a high-rise multifamily project in Miami suburb Aventura.

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AlabamaDevelopmentIndustrialSoutheast

Farpoint Breaks Ground on 169,000 SF Spec Industrial Facility in Tuskegee, Alabama

by John Nelson

TUSKEGEE, ALA. — Farpoint Development has broken ground on a 169,000-square-foot spec industrial facility located in Tuskegee, a city about 15 miles from Auburn via I-85. The $20 million facility represents Phase I of the Regional East Alabama Logistics (REAL) Park, a 683-acre development that is slated to house up to 13 buildings spanning 5 million square feet at full buildout. The overall development is estimated to generate $386 million in new capital investment, according to a study conducted by the University of Alabama’s Center for Business and Economic Research. Farpoint estimates the campus will support 1,000 new jobs directly and 863 jobs indirectly. REAL Park is a partnership between Farpoint, the Bassett family and the Macon County Economic Development Authority. Opportunity Alabama’s OPAL Fund is the lead equity investor for REAL Park. Doster Construction is the general contractor for the first facility, which is slated to deliver in early 2023. The property will be the only Class A warehouse or manufacturing facility in a 40-mile radius, according to Farpoint.

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DevelopmentMixed-UseNorth CarolinaSoutheast

Crosland, Harbour Retail to Develop 78-Acre Mixed-Use Wallbrook Project in Rolesville, North Carolina

by John Nelson

ROLESVILLE, N.C. — Crosland Southeast and Harbour Retail Partners are co-developing Wallbrook, a 78-acre mixed-use development in the Raleigh suburb of Rolesville. The property is expected to comprise 140 residential units and 265,000 square feet of commercial space, including a 50,000-square-foot Publix grocery store. Phase I will include 80,000 square feet of space, including the Publix. The developers have tapped Charlie Coyne and Matt Larson of CBRE|Raleigh to oversee leasing for the retail component. No construction timeline was given.

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FloridaLoansRetailSoutheast

Northmarq Arranges $16.7M Refinancing of Metro Tampa Retail Portfolio

by John Nelson

TAMPA, FLA. — Northmarq’s Tampa office has arranged four loans totaling approximately $16.7 million for the refinancing of a retail portfolio in the metro Tampa area. The four assets include Carrollwood Regency Plaza and The Pointe at Tampa Palms in Tampa, North Tampa Shores in Oldsmar and Triple Crown Plaza in Ocala. Together the centers span 115,309 square feet of retail space. Robert Hernandez of Northmarq arranged the loans, each of which were underwritten with 10-year terms and 30-year amortization schedules. An unnamed life insurance company provided the loans on behalf of the undisclosed borrower.

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AlabamaLoansMultifamilySoutheast

Lument Provides $11M Agency Loan for Refinancing of Abby Glen Apartments in Madison, Alabama

by John Nelson

MADISON, ALA. — Lument has provided an $11 million Fannie Mae loan for the refinancing of Abby Glen Apartments, a 120-unit multifamily community in the Huntsville suburb of Madison. Built in 2001, the property comprises nine one-story buildings, a rental office and a single-family home, with units available furnished or unfurnished. Amenities include a laundry facility, swimming pool, fire pit/grilling area, fitness center, dog park and a bocce ball court. Bryan Cullen of Lument originated the 10-year loan, which features six years of interest-only payments, a fixed interest rate, cash-out proceeds and a 30-year amortization schedule. The sponsor was multifamily investor Steven Gouletas. Cullen says the loan refinances a Fannie Mae acquisition loan originated in 2008.

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