Tuesday, April 7, 2026
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AcquisitionsSoutheastStudent HousingWest Virginia

Centurion Property Group Acquires 534-Bed Student Housing Community Near West Virginia University

by John Nelson

MORGANTOWN, W.VA. — Centurion Property Group has acquired U Club Sunnyside, a 534-bed student housing community located near the West Virginia University campus in Morgantown. The new ownership plans to rebrand the property as The View at Morgantown and implement capital improvements following the acquisition. The seller and terms of the transaction, which was brokered by JLL, were not released. Developed in 2016, the property offers units in a mix of two- and four-bedroom configurations. Shared amenities include a resort-style pool, hot tub, fitness center, community kitchen, barbecue grills and dedicated study spaces.

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AcquisitionsRetailSouth CarolinaSoutheast

Marcus & Millichap Brokers $9.3M Sale of Shopping Center in Walterboro, South Carolina

by John Nelson

WALTERBORO, S.C. — Marcus & Millichap has brokered the $9.3 million sale of Shoppes at Walterboro, a 53,330-square-foot shopping center located approximately 48 miles west of Charleston. Originally built in 2007 on 7.4 acres, the center was renovated in 2024 with a new roof and awnings, as well as a resurfaced parking lot. Walmart shadow-anchors the property, which was 97 percent leased at the time of sale to tenants including Five Below, Dollar Tree, Cato Fashions, Shoe Show, It’s Fashion, AT&T and China Buffet. Al Taf of Marcus & Millichap represented the seller in the transaction. Benjamin Yelm was Marcus & Millichap’s broker of record in South Carolina.

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Lim-Pull-Quote
Affordable HousingFeaturesMultifamily

How The One Big Beautiful Bill Supports Federal Tax Credits for Housing

by Taylor Williams

By Lisa Lim, member, real estate & housing specialist, Rosenberg & Estis PC On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (BBB) into law. The legislation represents one of the nation’s most sweeping tax, spending and regulatory shakeups in decades, touching everything from border enforcement to energy. The passing of the bill also marked a significant step in addressing the nation’s worsening housing crisis, as well as the need for community reinvestment. Policymakers have long debated the best ways to incentivize the construction of affordable housing, spur economic development and preserve historic buildings. The BBB was designed, in part, to meet those goals by expanding and permanently extending key federal tax credit programs, including the Low-Income Housing Tax Credit (LIHTC), the New Market Tax Credit (NMTC) and the Historic Tax Credit (HTC). In this article, we address what each of the legislative impacts are for each of those programs and assess their ramifications on the broader U.S. housing market. Low-Income Housing Tax Credits At the most basic level, the BBB gives states more money to support affordable housing by permanently increasing the amount of Low-Income Housing Tax Credits (LIHTCs) they receive by 12 percent. These …

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OpenAI-Data-Center_Abilene-Texas
Data CentersDevelopmentIndustrialNew MexicoOhioTexasTop Stories

OpenAI, Partners Announce Five New Data Centers as Part of $500B Stargate Project

by Hayden Spiess

SAN FRANCISCO — OpenAI, along with Oracle Corp. (NYSE: ORCL) and SoftBank, has announced plans for the development of five new data centers in the United States. The new projects are part of the $500 billion Stargate initiative to expand American data center infrastructure, which was announced in January at the White House.  Together with the flagship site in Abilene, Texas, the new data centers will bring Stargate to more than $400 billion in investment and almost 7 gigawatts (GW) of planned capacity over the next three years.  OpenAI and Oracle will partner on three of the facilities — located in Shackelford County, Texas; Doña Ana County, New Mexico; and an additional site at an undisclosed location in the Midwest — which represent a $300 billion agreement between the companies.  According to OpenAI, these projects are expected to create more than 25,000 onsite jobs and thousands of additional jobs throughout the country. Together, the facilities will offer up to 4.5 GW of capacity.  A partnership between SoftBank and OpenAI will develop the other two data centers, which will have the capacity to scale to 1.5 GW over the next 18 months. One of the sites is located in Lordstown, Ohio, with …

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CivicDevelopmentTexas

EMCID Begins Vertical Construction of 210,000 SF Convention Center at Valley Ranch in New Caney, Texas

by Taylor Williams

NEW CANEY, TEXAS — The East Montgomery County Improvement District (EMCID) has begun vertical construction of a 210,000-square-foot convention center within the Valley Ranch master-planned development in New Caney, a northeastern suburb of Houston. The facility will feature a 55,000-square-foot ballroom/exhibit hall, nearly 20,000 square feet of meeting space and approximately 25,000 square feet of pre-function and lobby space and outdoor courtyards. Plans also call for an attached 813-space parking garage and connection to a full-service hotel. Completion is slated for fall 2026. Signorelli Co. is the master developer of Valley Ranch.

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IndustrialLeasing ActivityTexas

David Sutherland Inc. Signs 187,013 SF Industrial Lease Renewal in Northwest Dallas

by Taylor Williams

DALLAS — David Sutherland Inc. has signed a 187,013-square-foot industrial lease renewal in northwest Dallas. The provider of outdoor furniture and textiles will remain a tenant at the building at 140 Regal Row, which serves as its regional distribution hub. Chase Miller of NAI Robert Lynn represented the tenant in the lease negotiations. Chicago-based investment firm ML Realty Partners owns the property.

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AcquisitionsIndustrialTexas

Apricus Acquires 9.2-Acre Industrial Outdoor Storage Facility in Channelview, Texas

by Taylor Williams

CHANNELVIEW, TEXAS — Apricus Realty Capital has acquired a 9.2-acre industrial outdoor storage (IOS) facility in Channelview, an eastern suburb of Houston. The facility at 403 W. Brentwood St. was fully leased at the time of sale to GFL Plant Services LP, which supports the petrochemicals industry. Apricus acquired the property in partnership with ABR Capital Partners. The seller and sales price were not disclosed.

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AcquisitionsIndustrialTexas

Triten Real Estate Buys 140,181 SF Industrial Building in Northwest Houston

by Taylor Williams

HOUSTON — Locally based development and investment firm Triten Real Estate Partners has purchased a 140,181-square-foot industrial property in northwest Houston. According to LoopNet Inc., the building at 1811 Brittmoore Road, which was fully leased at the time of sale, was built in 2008 within a larger, master-planned business park. Stephen Bailey and Dom Espinosa of Newmark represented the undisclosed seller in the transaction.

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DevelopmentHospitalityTexas

Extended Stay America Opens 124-Room Hotel in Kyle, Texas

by Taylor Williams

KYLE, TEXAS — Extended Stay America has opened a 124-room hotel in Kyle, located roughly midway between Austin and San Antonio. Extended Stay will operate the hotel under its Premier Suites brand. Houston-based Provident Realty Advisors developed the four-story hotel, which offers complimentary breakfast, onsite guest laundry services, a 24-hour fitness room and additional vending options in the lobby.

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Brownsville-Arts-Center-&-Apartments
Affordable HousingDevelopmentMultifamilyNew YorkNortheast

Partnership Breaks Ground on $254M Affordable Housing Project Near Downtown Brooklyn

by Taylor Williams

NEW YORK CITY — A partnership between Gilbane Development, Blue Sea Development and Artspace Projects Inc. has broken ground on the Brownsville Arts Center & Apartments, a $254 million affordable housing project that will be located on a city-owned tract at 366 Rockaway Ave. near downtown Brooklyn. The property will offer 283 units in studio, one-, two- and three-bedroom formats that will be reserved for renters earning between 30 and 70 percent of the area median income. The Brownsville Arts Center & Apartments will also feature a 28,000-square-foot cultural arts center with a 3,440-square-foot, multi-purpose performance, rehearsal and studio space for community arts groups. Various city housing agencies and authorities have committed nearly $100 million in subsidized financing for the project, construction of which is expected to be complete in 2027.

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