Tuesday, August 4, 2026
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MultifamilyTexas

PEARL GREENWAY COMMUNITY IN HOUSTON OPENS

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HOUSTON — The Morgan Group has launched its luxury Pearl apartment community brand with the grand opening of Pearl Greenway in Houston. The 341-unit, luxury community is located in Houston's Greenway Plaza area at 3788 Richomnd Ave. Pearl Greenway includes electric car charging stations, door-to-door recycling services, a cyber cafe, business center, lounge, upscale fitness center, Las Vegas-style swimming pool, Zen lap pool, covered bar area, grills, private cabanas and a dog park. The Morgan Group will managed the new community.

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CivicTexas

CADENCE MCSHANE COMPLETES $16M ELEMENTARY SCHOOL

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HOUSTON — Cadence McShane Construction Co. has completed the new 86,000-square-foot Atherton Elementary School in Houston. The $16 million school is located at 2011 Solo St. in Houston. The new school can accommodate more than 750 students. The school features 30 classrooms, two science laboratories, library, full-service cafeteria, practice gymnasium, music and choir room and a performing arts area. IDG Architects provided architectural services for the new school.

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IndustrialTexas

CBRE ARRANGES SALE, $25.5M FINANCING FOR INDUSTRIAL PROPERTIES

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COPPELL, TEXAS — CBRE Capital Markets has arranged the sale and $25.5 million in acquisition financing for Coppell Commerce Center and Coppell Business Center in Coppell. Jack Fraker, Josh McArtor, Jonathan Bryan and Heather McClain Venegoni of CBRE represented the seller, a global investment manager, in the transaction. Scott Lewis, Matt Ballard and Patrick Benoist of CBRE also worked on behalf of Lincoln Advisory Group, an affiliate of Lincoln Property Co., to arrange the two permanent loans. The CBRE team arranged the loans through Allstate and Bank of America. The two industrial properties total 771,720 square feet and were a combined 91 percent occupied at the time of sale.

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OfficeTexas

CON-WAY MULTIMODAL SIGNS LEASE AT HALL OFFICE PARK

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FRISCO, TEXAS — Hall Financial Group has signed Con-way Multimodal to a 9,821-square-foot lease in the 2 million-square-foot Hall Office Park. The freight brokerage firm's office is located at 2611 Internet Blvd. in Frisco. The lease deal includes a 3,240-square-foot expansion and an extension for the 6,581-square-foot current lease. Kim Butler, Tammy Nellis and Brad Gibson were the in-house representation for Hall Financial Group in the lease deal.

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Mixed-UseTexas

DAVIS BROKERS SALE OF THREE MIXED-USE BUILDINGS NEAR RICE

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HOUSTON — Davis Commercial has arranged the sale of three mixed-use buildings totaling 6,870 square feet near Rice University in Houston. The properties are located at 1840 and 1842 Bissonnet St. The buyer, Mary Rutherford, intends to use the buildings as an art studio and residence. Tracy Etie of Texas Real Estate & Co. represented the buyer in the transaction. Jonathan Hicks of Davis Commercial represented the seller, Key Maps Inc.

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OfficeWestern

ÔOLD FIREHOUSE’ BUILDING IN SANTA BARBARA SELLS FOR $16M

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SANTA BARBARA, CALIF. – A 6,357-square-foot building that is known as the “Old Firehouse” in Santa Barbara has sold to US 3N LLC for $16 million. It is located at 1486 East Valley Road in the Santa Barbara submarket of Montecito. The building is occupied by Union Bank, which recently acquired Santa Barbara Bank & Trust (SBBT). SBBT held a 20-year master lease on the property that commenced in 2009. Bill Bauman, Kyle Miller and Marc Navarro of Studley’s National Retail Services Group represented both the buyer and the seller, 1486 East Valley Road, in this transaction.

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IndustrialWestern

NORTH VILLAGE CENTER BUSINESS PARK IN PALM SPRINGS SELLS FOR $4.1M

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PALM SPRINGS, CALIF. — North Village Center, a 93,529-square-foot industrial/retail park in Palm Springs, has sold to WLA Investments for $4.1 million. The three-building park is located at 19345-19465 North Indian Canyon Drive. It was 70 percent occupied at the time of sale. Both the buyer and the unnamed seller were represented by Dan Vittone and Alan Pekarcik of Avison Young’s Irvine office.

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MultifamilyWestern

LA MESA TOWNHOMES SELLS FOR $3.1M

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SAN DIEGO — Pathfinder Partners has acquired 16 of the unsold units within the Aragon townhome community, which resides within the San Diego submarket of La Mesa. The transaction included an adjacent land parcel that can hold an additional 10 townhomes. The community is located at 7705, 7715, 7725 and 7745 El Cajon Blvd. The 48-unit, attached-home community was developed by Barratt American in 2005. The company sold 32 units to individual homeowners between 2005 and 2007. Pathfinder represented itself in this transaction, while the seller was represented by Allen Chitayat and David Andrews at Hendricks and Partners.

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MultifamilyWestern

THE PASEOS AT MAGNOLIA TO DEBUT IN RIVERSIDE

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RIVERSIDE, CALIF. — The Paseos at Magnolia Luxury Apartment Community will soon debut in Riverside. The $30-million project features 168 residential units located at 11520 Magnolia Ave. The first group of residents will move in this July. The project’s ultimate completion is scheduled for fall 2013. It was developed by Hutton Companies and designed by KTGY Group.

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