Property Type

High Street Residential Completes 209-Unit Multifamily Project in Houston

by Taylor Williams August 18, 2025

HOUSTON — High Street Residential has completed Rone Residences, a 209-unit multifamily project in Houston’s River Oaks/Upper Kirby area. Designed by Zeigler Cooper Architects and built by Hoar Construction, Rone Residences rises 12 stories and houses one-, two- and three-bedroom floor plans with an average size of roughly 1,400 square feet. Amenities include multiple pools, a fitness center, game lounge, coworking and private conference spaces, a pet park and tenant storage spaces. Rone Residences will also house 2,900 square feet of retail space. Rents start at roughly $3,000 per month for a one-bedroom apartment.

August 18, 2025

Loans Office Texas

Priority Capital Advisory Arranges $26.6M Refinancing of West Houston Office Building

by Taylor Williams August 18, 2025

HOUSTON — Priority Capital Advisory, a Los Angeles-based intermediary, has arranged a $26.6 million bridge loan for the refinancing of 2 Westlake, a 467,609-square-foot office building located in the Energy Corridor area of West Houston. Atlanta-based Ardent Cos. provided the loan. The 17-story building is situated on a 5.4-acre site within the 2.8 million-square-foot Westlake office park and offers amenities such as a deli, coffee bar, conference center, tenant lounge and a fitness center. The borrower, global private equity firm Younan Co., purchased 2 Westlake for $21.5 million in late 2022, at which point the building was vacant.

August 18, 2025

Acquisitions Retail Texas

JLL Negotiates Sale of 110,000 SF Shopping Center in Lufkin, Texas

by Taylor Williams August 18, 2025

LUFKIN, TEXAS — JLL has negotiated the sale of Southloop Crossing, a shopping center in Lufkin, about 120 miles north of Houston. According to a property flyer from the seller, Ball Ventures, and Bridgepoint Real Estate, Southloop Crossing totals roughly 110,000 square feet. The property traded as part of a portfolio deal that included a retail center in Killeen, as well as two other shopping centers in Arkansas. The buyer was Chase Properties. Adam Howells, Barry Brown Erin Lazarus of JLL represented Ball Ventures, in the transaction. Deborah Johnson of JLL assisted in closing the deal as the broker of record.

August 18, 2025

Leasing Activity Retail Texas

PopStroke to Open Minigolf Entertainment Venue in Northeast Austin

by Taylor Williams August 18, 2025

AUSTIN, TEXAS — PopStroke Entertainment Group, a golf-centric entertainment concept based in Florida, will open a new venue in Austin. PopStroke is assuming operations of The Pitch, a sports-themed entertainment hub on the city’s northeast side that was designed by Mark Odom Studio and developed by Karlin Real Estate. PopStroke will deliver a rebranded dining experience and upgraded event spaces, and the company will also operate The Pitch’s pickleball courts and introduce two new sand volleyball courts. The opening is set for the fall.

August 18, 2025

Leasing Activity Office Texas

Wright Close & Barger Signs 41,000 SF Office Lease in Downtown Houston

by Taylor Williams August 18, 2025

HOUSTON — Wright Close & Barger LLP has signed a 41,000-square-foot office lease in downtown Houston. The law firm will relocate from the Galleria area to the 30th and 31st floors of TC Energy Center, a 56-story, 1.2 million-square-foot tower located at 700 Louisiana St. The deal represents a footprint expansion of about 60 percent. Joshua Brown, Audrey Selber and Kaitlyn Duffie of Newmark represented the tenant in the lease negotiations. John Spafford of CBRE represented the landlord, M-M Properties.

August 18, 2025

Loans Multifamily New York Northeast

Dwight Mortgage Trust Provides $155M Loan for Refinancing of Bronx Multifamily Property

by Taylor Williams August 18, 2025

NEW YORK CITY — Dwight Mortgage Trust, the affiliate REIT of New York City-based Dwight Capital, has provided a $155 million bridge loan for the refinancing of 261 & 315 Grand Concourse, a multifamily property in The Bronx. The newly developed, adjacent multifamily buildings house a total of 405 units: 261 Grand Concourse has 283 market-rate units, and 315 Grand Concourse has 122 affordable housing units. Residences are furnished with marble bathroom countertops, ceramic tiling and stainless steel appliances, and amenities include a fitness center, coworking space, resident lounge and outdoor terraces. Pinchas Vogel of Landstone Capital Group arranged the debt on behalf of the borrower, Beitel Group.

August 18, 2025

Affordable Housing Loans Multifamily New York Northeast

Merchants Bank Funds $60.5M Acquisition Loan for Queens Affordable Housing Property

by Taylor Williams August 18, 2025

NEW YORK CITY — Merchants Bank has funded a $60.5 million acquisition loan for Ocean Park Apartments, a 602-unit affordable housing property located in the Far Rockaway area of Queens. Ocean Park Apartments consists of two 26-story buildings that house one-, two- and three-bedroom units, as well as four commercial spaces. Roughly 70 percent (423) of the units are reserved for households earning 60 percent or less of the area median income, and the remaining (179) units are earmarked for renters earning 80 percent or less of the area median income. The borrower, local owner-operator Tredway, will use a portion of the proceeds to fund capital improvements and preserve and extend the property’s affordability status. Michael Milazzo of affiliate Merchants Capital originated the debt.

August 18, 2025

Acquisitions Delaware Multifamily Northeast

NAI Emory Hill Brokers Sale of 88-Unit Apartment Building in Wilmington, Delaware

by Taylor Williams August 18, 2025

WILMINGTON, DEL. — NAI Emory Hill has brokered the sale of Lancashire Apartments, an 88-unit multifamily building located on the north side of Wilmington. The property offers a mix of studio, one- and two-bedroom units that range in size from 312 to 733 square feet. Kyle McLaughlin and Rich Dudek of NAI Emory Hill represented the undisclosed seller in the transaction. Tommy Ciccarone Jr. of Bennett Williams Commercial represented the buyer, Berger Communities, which has rebranded the property as Larkwood Place Apartments.

August 18, 2025

Acquisitions Multifamily New Jersey Northeast

Kislak Negotiates $6.3M Sale of Apartment Complex in East Orange, New Jersey

by Taylor Williams August 18, 2025

EAST ORANGE, N.J. — Locally based brokerage firm The Kislak Co. Inc. has negotiated a $6.3 million sale of Arlington Court Apartments, a 53-unit multifamily complex in East Orange, located in Northern New Jersey. The three-building property offers 10 studios, 23 one-bedroom units and 20 two-bedroom units. Joni Sweetwood of Kislak represented the seller and procured the buyer, both of which were limited liability companies, in the transaction.

August 18, 2025

Acquisitions Industrial Southeast Tennessee

Local Investment Group Buys 47-Acre Scrapyard Site in Nashville’s East Bank Area

by Abby Cox August 18, 2025

NASHVILLE, TENN. — A group of Tennessee-based investors doing business as TEB LLC, which was organized by ARRT Global’s SRE investment fund I, has acquired a 47-acre scrapyard site in Nashville’s East Bank region. The purchase price was $245 million, according to several media outlets. David Byerley and Sam Lingo of ARRT Global led TEB LLC in the transaction, while Bryan Fort, Frank Thomasson and Ryan Coulter of CBRE represented the seller, Icahn Enterprises. The scrapyard site fronts the Cumberland River and ranks among one of the largest land purchases in Nashville history, falling slightly below Oracle Corp.’s $253.7 million purchase in 2021 for more than 65 acres of East Bank land for its future campus, as reported by the Nashville Business Journal. SA Recycling has managed the site since its acquisition of PSC Metals in 2021. The scrapyard has primarily been used for metal recycling since the early 1960s. Plans for the redevelopment have not been disclosed.

August 18, 2025

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