Tuesday, August 4, 2026
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MultifamilyTexas

PRESCOTT REALTY BEGINS $45M MULTIFAMILY DEVELOPMENT

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DALLAS — Prescott Realty Group has kicked off the development of an unnamed $45 million multifamily development in Dallas. Prescott has begun the abatement process of the existing White Rock Trail and Toscana apartment communities, which will be followed by demolition. The new Class A, 362-unit apartment community will incorporate a proposed public hike and bike trail connection to the upcoming Lake Highlands Trail and the existing White Rock Creek Trail. The new community is slated to open in late summer 2014.

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RetailTexas

HUNINGTON BROKERS SALE OF WOODLANDS GATEWAY PLAZA

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SPRING, TEXAS — Hunington Properties has arranged the sale of Woodlands Gateway Plaza, a 50,000-square-foot retail center located at the northeast intersection of Interstate 45 and Rayford Road in Spring. The property is 82 percent occupied by a mix of local and national tenants including Popeye's Chicken & Biscuits, Crabby Daddy's Seafood and the Woodlands Fish Market. Todd Carlson of Hunington represented the seller, an out-of-state investor who purchased the center in 2002. The buyer, a local investor, purchased the property in an all-cash transaction.

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RetailTexas

HFF SECURES $39.1M FINANCING FOR NORTH OAKS SHOPPING CENTER

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HOUSTON — HFF has secured $39.1 million in acquisition financing for North Oaks Shopping Center, a 448,760-square-foot power center in northwest Houston. The shopping center is located at 4501 FM 1960 and is 93.7 percent leased to Hobby Lobby, Ross Dress for Less, TJ Maxx, Big Lots, Mardel, Staples, 99 Cents Only and Dollar Tree. Tyler Ford and Christopher Vittetoe of HFF arranged a $34.5 million, 10-year senior loan at a fixed rate through Deutsche Bank on behalf of the borrower, Austin-based World Class Capital Group LLC. HFF also placed a $4.6 million mezzanine loan through SteepRock Capital.

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HospitalityTexas

ARIES CAPITAL ARRANGES $4.7M LOAN FOR HOLIDAY INN EXPRESS

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CUERO, TEXAS — Aries Capital has arranged $4.7 million in construction financing for a new 77-room Holiday Inn Express coming to Cuero in the Eagle Ford Shale area. Leonard Smith of Aries Capital arranged the loan with an 18-month, fixed-rate term of 6 percent. Smith arranged the loan through an SBA 504 loan provider and the Community Development Council.

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HospitalityWestern

ST. REGIS ASPEN RESORT RECEIVES $75M IN FINANCING

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ASPEN, COLO. — The St. Regis Aspen Resort, a 179-room, five-star Aspen resort, has received $75 million in financing. This resort is the only internationally branded luxury hotel in Aspen. It is located at 315 East Dean Street. The St. Regis recently underwent a $46-million renovation. The floating-rate loan was secured by Mathew Comfort, Mike Huth and Jeff Davis of Jones Lang LaSalle’s Hotels & Hospitality Group and provided by an overseas bank. The hotel is managed by Starwood Hotels & Resorts, though OptAsia Capital is the asset manager and owner’s representative.

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OfficeWestern

TEMPE OFFICE PROPERTY SELLS FOR $3M

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TEMPE, ARIZ. – A 118,355-square-foot office property in Tempe has sold to ViaWest Group for $3 million. It is located at 8375 River Parkway in ASU Research Park. The property is fully occupied by NXP Semiconductors and Wells Fargo. ViaWest plans to renovate the building once current leases expire. The seller, Blue Vista Capital Partners, was represented by Mark Detmer and Bo Mills of Jones Lang LaSalle and Don Rodie of Cushman & Wakefield.

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MultifamilyWestern

ONE CANYON PLACE IN PUYALLUP RECEIVES $18M IN FINANCING

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PUYALLUP, WASH. – The 251-unit One Canyon Place in Puyallup has received $18 million in financing. The community is located at 11619 Canyon Road East just east of Tacoma. It is 97 percent occupied. The 35-year, fixed-rate loan features a 3.2 percent interest rate and a 72 percent loan-to-value ratio. The non-recourse financing was arranged by Louis Weisman of Berkadia Commercial Mortgage LLC’s Seattle office on behalf of Delta II LLC. It was arranged through the firm’s FHA/HUD 223(f) program.

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