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Staybolt-Street-District-Mansfield-Texas
DevelopmentHospitalityTexas

House of Tangram Buys 30 Acres in Mansfield, Texas for Mixed-Use Project

by Taylor Williams

MANSFIELD, TEXAS — Locally based developer House of Tangram has purchased 30 acres in Mansfield, located south of Fort Worth, for a new mixed-use project. The site is situated within the 100-acre, $2.5 billion Staybolt Street District development, and the project will include a 288-unit hotel that will be known as Carbon Mansfield and a 33,000-square-foot convention center. The acreage is adjacent to a 166,000-square-foot, multi-sport stadium that is under construction and will be the permanent home of North Texas SC, the MLS NEXT Pro affiliate of FC Dallas. The convention center has been designed to support sports, medtech and high-performance events. House of Tangram is also planning to open Cache Legitimate and KUBO, a dual-branded hotel concept that will feature robotic bartenders, drone delivery and immersive media walls as the norm. Construction on the 30-acre parcel is scheduled to begin next summer and is expected to last about two years.

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DevelopmentIndustrialTexas

Alliance Industrial, Northwestern Mutual to Develop 881,521 SF Park in Southeast Houston

by Taylor Williams

HOUSTON — Alliance Industrial Co. will develop TriPort 8, an 881,521-square-foot industrial park in southeast Houston. The project, which Alliance is developing in partnership with Northwestern Mutual, will span five buildings across 62 acres. Buildings will be able to accommodate users with requirements from 30,000 to 250,000 square feet and will feature 32- to 36-foot clear heights. Luke Hoyl with Virtue Real Estate Partners represented Alliance in the acquisition of the site. Stream Realty Partners has been appointed as the leasing agent and has inked several new deals.

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AcquisitionsMultifamilyTexas

Franklin Street Arranges Sale of Windsor Hotel Apartments in Abilene, Texas

by Taylor Williams

ABILENE, TEXAS — Florida-based commercial brokerage firm Franklin Street has arranged the sale of The Windsor Hotel Apartments in the West Texas city of Abilene. The number of units was not disclosed, but the 10-story, 110,000-square-foot building was originally constructed in 1926 as a Hilton hotel. Franklin Street represented the seller, North Management LLC, in the sale of the property to Utah-based Studio 168 Productions. Occupancy at the time of sale was roughly 95 percent.

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AcquisitionsOfficeTexas

Apollo Global Buys 286,000 SF Office Building in Houston’s Energy Corridor

by Taylor Williams

HOUSTON — A subsidiary of private equity firm Apollo Global Management has purchased Kirkwood Tower, a 286,000-square-foot office building located in the Energy Corridor area of West Houston. The building, which was originally constructed in 1984 and renovated in 2015, offers amenities such as a fitness center, sauna, wellness room and a rooftop jogging track, as well as an onsite bank branch. Stream Realty Partners now leases the building and has inked several new deals.

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Data CentersDevelopmentIndustrialTexas

Sabey Data Centers Breaks Ground on 54-Megawatt Project in Metro Austin

by Taylor Williams

ROUND ROCK, TEXAS — Sabey Data Centers, a Seattle-based owner-operator that is a joint venture between Sabey Corp. and National Real Estate Advisors LLC, has broken ground on a 54-megawatt project in the northern Austin suburb of Round Rock. The three-story facility represents Building B within a larger campus, and the first 18 megawatts of power are expected to be available to users in the third quarter of 2027.

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The-Core-at-Station-Yards-Ronkokoma-New-York
LoansMixed-UseNew YorkNortheast

Greystone Provides $166.2M Agency Permanent Loan for Mixed-Use Property on Long Island

by Taylor Williams

RONKONKOMA, N.Y. — Greystone has provided a $166.2 million Freddie Mac permanent loan for The Core at Station Yards, a mixed-use property in Ronkonkoma, located on Long Island. The Core at Station Yards, which is situated within the 2 million-square-foot Station Yards development, comprises 388 apartments and roughly 83,500 square feet of retail and office space. Drew Fletcher, Jesse Kopecky and Bryan Grover of Greystone originated the financing on behalf of the borrower, a partnership between TRITEC Real Estate Co. and The Olayan Group. The loan was structured with a 10-year term and a fixed interest rate.

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The-Storage-Vault-Bellport-New-York
AcquisitionsIndustrialNew YorkNortheastSelf-Storage

JLL Negotiates Sale of 749-Unit Self-Storage Facility in Bellport, New York

by Taylor Williams

BELLPORT, N.Y. — JLL has negotiated the sale of The Storage Vault, a 749-unit self-storage facility located at 73 Horseblock Road in the Long Island community of Bellport. Constructed on approximately 5 acres in 2020, The Storage Vault totals 54,750 net rentable square feet of predominantly climate-controlled space. The property also includes 73 RV, boat and trailer storage spaces and 33 drive-up spaces. JLL represented the seller, Storage Vault, in the transaction. The buyer was National Storage Affiliates. The sales price was not disclosed.

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Data CentersDevelopmentGeorgiaLoansSoutheast

DC Blox Secures $1.15B Construction Financing for Data Center Campus in Douglas County, Georgia

by John Nelson

DOUGLAS COUNTY, GA. — DC Blox has obtained $1.15 billion in construction financing for a new data center campus coming to Douglas County, which sits west of Atlanta. ING Capital LLC, Mizuho Bank Ltd. and Natixis Corporate & Investment Banking served as lead arrangers and joint bookrunners for the financing package. Other participating capital sources include First Citizens Bank, CoBank ACB, LBBW, Toronto-Dominion Bank, KeyBank and Huntington National Bank. The funds will support the development of a 120-megawatt (MW) data center and include campus expansion to support an additional 80 MW of space. The financing follows DC Blox securing a $265 million green loan and equity from Post Road Group for the project. DC Blox expects the campus, which will be utilized by cloud and AI users, to be available as early as 2027. The developer and operator has a data center underway in the county, as well as in Conyers, Ga., with a few more scattered around the Southeast.

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Brandeis-Residence-Hall
DevelopmentMassachusettsMultifamilyNortheastStudent Housing

Brandeis University Underway on 631-Bed Residence Hall Project in Waltham, Massachusetts

by Taylor Williams

WALTHAM, MASS. — Brandeis University is underway on construction of a five-story, 631-bed residence hall project on the university’s campus in Waltham, located west of Boston. The development team for the project includes William Rawn Associates and Dimeo Construction. MassDevelopment issued a $134.6 million tax-exempt bond for the development, alongside other miscellaneous projects on the university’s campus. The bond was sold through a public offering underwritten by Barclays Capital Inc. Completion is slated for spring 2027.

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AcquisitionsMultifamilySoutheastVirginia

Foxfield Buys 402-Unit Metropolis at Innsbrook Apartments in Glen Allen, Virginia

by John Nelson

GLEN ALLEN, VA. — Foxfield has purchased Metropolis at Innsbrook, a 402-unit apartment community in the northern Richmond suburb of Glen Allen. Built in 2023, the property was 96 percent occupied at the time of sale. The seller and sales price were not disclosed. Charles Wentworth, Victoria Pickett, Garrison Gore and Eric DeStefano of Newmark brokered the transaction. Situated within Innsbrook Office Park, Metropolis at Innsbrook offers studio, one-, two- and three-bedroom apartments, according to the property website. Amenities include outdoor grilling and entertainment areas, a 24-hour fitness center, golf simulator, rooftop deck and lounge, resort-style swimming pool, community kitchen, dog spa, dog parks, rentable storage units and electric vehicle charging stations.

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