Tuesday, January 27, 2026
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Constellation-Post-Oak-Houston
AcquisitionsIndustrialTexas

Constellation Sells 424,011 SF Industrial Facility in Southwest Houston

by Taylor Williams

HOUSTON — Texas-based developer Constellation Real Estate Partners has sold Constellation Post Oak, a 424,011-square-foot industrial complex in southwest Houston. Announced in March 2022 and developed in partnership with a fund advised by Crow Holdings Capital, the property comprises a 304,400-square-foot, cross-dock building with 36-foot clear heights and a 121,800-square-foot, front-load building with 32-foot clear heights. Nathan Wynne of CBRE represented Constellation in the sale. The buyer, LBA Realty, was self-represented.

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AcquisitionsMultifamilyTexas

Clover Capital Buys 232-Unit Multifamily Property in Plano, Texas

by Taylor Williams

PLANO, TEXAS — Locally based investment firm Clover Capital Partners has purchased a 232-unit multifamily property in Plano, located northeast of Dallas. The Woodlands of Plano offers one-, two- and three-bedroom units, as well as a pool and onsite laundry facilities. Clover Capital plans to implement a value-add program. The seller and sales price were not disclosed.

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Build-to-RentDevelopmentSingle-Family RentalTexas

Empire Homes Completes 182-Unit Build-to-Rent Project in Hockley, Texas

by Taylor Williams

HOCKLEY, TEXAS — Empire Homes has completed Veranda Dellbrook, a 182-unit build-to-rent project in Hockley, about 40 miles northwest of Houston. Designed by KTGY, the property features one-, two-, three- and four-bedroom homes that range in size from 634 to 1,434 square feet. Amenities include a clubhouse, pool, outdoor lounge with grilling stations, a fitness center and a dog park. Information on starting rents was not disclosed.

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AcquisitionsIndustrialTexas

AKRE Partners Buys 16,945 SF Warehouse in Laredo, Texas

by Taylor Williams

LAREDO, TEXAS — Industrial investment firm AKRE Partners has purchased a 16,945-square-foot warehouse within Milo Distribution Center in the Rio Grande Valley city of Laredo. According to LoopNet Inc., the small-bay building at 310 Union Pacific Blvd. was completed in 1994 and features 20-foot clear heights, 22 trailer parking spaces and 1,200 square feet of office space. The seller and sales price were not disclosed.

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AcquisitionsRestaurantRetailTexas

STRIVE Arranges Sale of Restaurant Building Leased to Denny’s in Spring, Texas

by Taylor Williams

SPRING, TEXAS — Dallas-based brokerage firm STRIVE has arranged the sale of a 5,336-square-foot restaurant building in Spring, located north of Houston, that is leased to Denny’s. Jackson Brewer of STRIVE represented the seller, a Denny’s franchise operator, in the transaction. The buyer was a local private investor. Both parties requested anonymity.

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850-Third-Avenue-Manhattan
DevelopmentNew YorkNortheastOffice

Waterman, HPS Begin Renovation of 605,000 SF Office Building in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — A partnership between New York City-based Waterman Interests and alternative asset management firm HPS Investment Partners has begun the renovation of 850 Third Avenue, a 605,000-square-foot office building in Midtown Manhattan. Renovations to the 21-story building, which was originally constructed in 1961, will include an expanded lobby with contemporary finishes and a 14,000-square-foot conference and social center with 200-seat capacity. In addition, the project team, led by design firms MdeAS Architecture and Vocon, as well as general contractor Turner Construction and mechanical engineer Cosentini Associates, will deliver new elevators, windows, storefronts and building systems. A tentative completion date was not announced.

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AcquisitionsNew JerseyNortheastOffice

JLL Brokers Sale of 203,506 SF Office Building in Parsippany, New Jersey

by Taylor Williams

PARSIPPANY, N.J. — JLL has brokered the sale of 14 Sylvan Way, a 203,506-square-foot office building located in the Northern New Jersey community of Parsippany. Built in 2013 within the 2.1-million-square-foot Arbors @ Parsippany office campus, 14 Sylvan Way is a three-story building with a cafeteria/bistro, courtyard, tenant lounge, game room and conference facilities. The building was fully leased at the time of sale to Travel + Leisure Co. Jose Cruz, Jeremy Neuer, Michael Kavaler and Tim Greiner of JLL represented the undisclosed, institutional seller in the transaction and procured the buyer, Signature Acquisitions.

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HospitalityLoansNew YorkNortheast

Cronheim Mortgage Arranges $18M Permanent Loan for Hotel in Middletown, New York

by Taylor Williams

MIDDLETOWN, N.Y. — New Jersey-based financial intermediary Cronheim Mortgage has arranged an $18 million permanent loan for the Residence Inn Middletown Goshen hotel in Middletown, about 75 miles north of New York City. The number of rooms was not disclosed. The hotel opened in 2020. The loan carries a five-year term and a fixed interest rate. The borrower and direct lender were also not disclosed.

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DelawareLeasing ActivityNortheastRetail

Weis Markets Opens 64,000 SF Store at Bayberry Town Center in Middletown, Delaware

by Taylor Williams

MIDDLETOWN, DEL. — Regional grocer Weis Markets has opened a 64,000-square-foot store and serve as the anchor tenant at Bayberry Town Center, a 280,000-square-foot development in Middletown. The site is located within the 1,500-acre Village of Bayberry master-planned community. The store was announced in May 2023. Blenheim Group is the master developer of Village of Bayberry.

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LoansMixed-UseNew JerseyNortheast

Kennedy Funding Provides $2.8M Land Loan for Development Site in South Orange, New Jersey

by Taylor Williams

SOUTH ORANGE, N.J. — Kennedy Funding, a New Jersey-based direct private lender, has provided a $2.8 million land loan for a development site in the Northern New Jersey community of South Orange. The parcels at 270 and 299 Irvington Ave. total 2.2 acres. Plans call for 61 residential units and several commercial spaces. The debt was structured with a 55 percent loan-to-value ratio. The borrower was not disclosed.

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