HOUSTON — Walker & Dunlop has arranged a $128.5 million acquisition loan for The Arno, a 168-unit apartment complex located in Houston’s River Oaks neighborhood. Information on floor plans and amenities at The Arno was not disclosed. Reimer, Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly and Sean Bastian of Walker & Dunlop originated the financing through Hudson Bay Capital on behalf of the borrower, Sade Real Estate.
AUSTIN, TEXAS — Mesa West Capital has provided a $47 million loan for the refinancing of Bishop Momo, a 274-unit apartment complex in South Austin. Bishop Momo is located within the St. Elmo District, a 275-acre mixed-use redevelopment of a former industrial site. Delivered in 2024, Bishop Momo offers studio, one- and two-bedroom units and amenities such as a pool, lounge, fitness center and a courtyard, as well as 5,835 square feet of ground-floor retail space. Chris McColpin of Newmark arranged the debt. The borrower is United Properties.
HOUSTON — Local developer PAGEWOOD has broken ground on Phase I of East Blocks, an adaptive reuse project in Houston’s East Downtown neighborhood. Designed by Gensler and developed in partnership with Wile Interests, the project will transform a 10-block stretch of mid-20th century warehouses into a district of walkable restaurants, shops, offices and green spaces. Phase I involves the conversion of two 15,000-square-foot warehouses at 1107 Hutchins St. and 2202 Dallas St. Delivery of Phase I is slated for August.Phase I
HOUSTON — Locally based brokerage firm Finial Group has negotiated the sale of three industrial buildings totaling 19,500 square feet in West Houston. According to LoopNet Inc., the buildings at 5727 Glenmont Drive were constructed in 1978. Jason Gibbons and Andrew Bischoff of Finial Group represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.
IRVING, TEXAS — Newmark has arranged the sale and financing of The Towers at Williams Square, a 1.4 million-square-foot office campus in Irving’s Las Colinas district. The Towers at Williams Square consists of four buildings, three of which are interconnected, and that recently underwent $25 million in renovations across the lobbies, amenity spaces and other common areas. Chris Murphy, Gary Carr, Robert Hill and Austin Sheahan of Newmark represented the undisclosed seller in the transaction. Andrew Porteous, Clint Frease, Chris McColpin and Josh Francis, also with Newmark, arranged acquisition financing on behalf of the buyer, a joint venture between Vanderbilt Office Properties, Hillwood and TriPost Capital Partners. The campus was 76 percent leased at the time of closing.
NORMAN, OKLA. — Dallas-based brokerage firm Disney Investment Group (DIG) has negotiated the $82.2 million sale of University Town Center, a 416,766-square-foot retail power center in Norman, home of the University of Oklahoma. Built in 2009, the center was 99 percent leased at the time of sale to tenants such as Academy Sports + Outdoors, Kohl’s, Ulta, T.J. Maxx, HomeGoods, Michaels, DSW Shoes, Petco and Office Depot. According to OU Daily, the seller was an affiliate of Rainier Cos. The buyer was a partnership between Mazaheri Properties and Champion Hotels. David Disney of DIG represented the seller in the transaction, and Phillip Mazaheri of Price Edwards & Co. represented the buyer. DIG also brokered the sale of the property in 2019.
ARLINGTON, TEXAS — A limited partnership (LP) managed by Weitzman has acquired Cooper Street Annex, an 87,857-square-foot shopping center in Arlington. Cooper Street Annex was fully leased at the time of sale to tenants such as Cavender’s Boot City, O’Reilly Auto Parts, Chuck E. Cheese Adventure World and WellMed. Stephen Schmidt, Nick Cate and Eric Yoo internally represented Weitzman in the transaction. Hudson Lambert of SummitRE represented the undisclosed seller.
MANVEL, TEXAS — Malabar Hill Capital, a locally based developer, has broken ground on The Market at Meridiana, a 27,000-square-foot neighborhood shopping center that will be located in Manvel, roughly 25 miles south of Houston. Situated at the entrance of the Meridiana master-planned community, The Market at Meridiana is 54 percent preleased to tenants including La Dolce Nail Salon, Select Physical Therapy and Twisted Egg Shack. A tentative completion date was not announced.
By Garrett Karam, chief investment officer, EMBREY The Texas Stock Exchange (TXSE) represents the most serious attempt in 55 years to challenge the NYSE-Nasdaq duopoly and signals something that has not happened in generations: New York City’s monopoly on exchange infrastructure now has a credible challenger. As the TXSE prepares to launch in phases through 2026, EMBREY, a San Antonio-based investment and development firm, shares insights on how the exchange could further reinforce Dallas-Fort Worth’s (DFW) emergence as one of the country’s most important financial and economic centers. We also consider the direct implications for long-term economic growth and multifamily demand correlated to the launch of TXSE. Announced in 2024 and approved by the SEC in 2025, the TXSE has already raised more than $270 million from institutions including BlackRock, Citadel Securities, J.P. Morgan, Goldman Sachs, Bank of America and Charles Schwab. The exchange’s pitch to public companies centers around lower listing costs, fewer prescriptive requirements and a governance framework designed for operators. Combined with the state’s broader efforts to position itself as an increasingly attractive destination for business and corporate investment, the TXSE reinforces a larger shift already underway across North Texas. The exchange arrives at a time in …
HUTCHINS, TEXAS — Chicago-based Krusinski Construction Co. (KCC) is underway on the tenant build-out of Wintergreen Distribution Center, a 560,030-square-foot industrial project in Hutchins, a southeastern suburb of Dallas. The project is a build-to-suit for for HVAC products and systems provider Cooper & Hunter, which will occupy 266,788 square feet within the building. Completion is slated for June. Designed by Azimuth Architecture and delivered in 2024 by IAC Properties, Wintergreen Distribution Center sits on a 34-acre site and features 40-foot clear heights, four drive-in doors and parking for 328 cars and 151 trailers.
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