Texas

Fairstead Buys East Houston Affordable Housing Community for $43.3M, Plans $14M Renovation

by Taylor Williams January 29, 2026

HOUSTON — Fairstead, an affordable housing owner-operator based in New York City, has purchased Coolwood Oaks, a 168-unit affordable housing complex in East Houston, for $43.3 million. Built in 1984, the 10-building property houses units that are reserved for households earning 60 percent or less of area median income. Fairstead plans to implement a $14 million renovation of the property and has tapped DNA Workshop as the architect and interior designer for the project. Financing for the acquisition and capital improvements included LIHTC equity and loans from a variety of sources, including PNC Bank, Houston Housing Finance Corp. (HHFC) and the Texas Department of Housing and Community Affairs (TDHCA).

January 29, 2026

Development Office Texas

Accesso to Renovate 235,620 SF Office Building in West Houston

by Taylor Williams January 29, 2026

HOUSTON — Accesso, a Florida-based owner-operator, will renovate 3900 Essex, a 235,620-square-foot office building in West Houston. Plans for the capital improvement project include lobby renovations and construction of several spec suites throughout the 12-story building. These upgrades build on recently completed enhancements of the HVAC, fire and security systems and newly updated common areas and amenity spaces at 3900 Essex, including a fitness center and a conference facility. Accesso also secured a two-year loan extension in conjunction with the announcement of new capital improvements.

January 29, 2026

Acquisitions Retail Texas

JLL Brokers Sale of 220,938 SF Retail Portfolio in Lubbock, Brownwood

by Taylor Williams January 29, 2026

LUBBOCK AND BROWNWOOD, TEXAS — JLL has brokered the sale of a portfolio of two retail properties totaling 220,938 square feet in Texas. Northpark Village is a 70,479-square-foot center in Lubbock that is anchored by United Supermarkets. Commerce Square is a 150,459-square-foot center in Brownwood, about 150 miles southwest of Fort Worth, that is home to tenants such as Aldi, T.J. Maxx, Boot Barn, Harbor Freight, Buffalo Wild Wings and Hibbett Sports. Both centers were fully leased at the time of sale. Chris Gerard and Adam Howells of JLL represented the seller, Cincinnati-based shopping center REIT Phillips Edison & Co., in the transaction. The buyer was Dallas-based Dunhill Partners.

January 29, 2026

Acquisitions Industrial Texas

Zenith IOS Acquires 137,000 SF Portfolio in Houston in Sale-Leaseback Deal

by Taylor Williams January 29, 2026

HOUSTON — Zenith IOS, a New York City-based owner-operator of industrial outdoor storage (IOS) facilities, has acquired a portfolio of three properties totaling roughly 137,000 square feet in Houston. Zenith acquired the 20-acre portfolio in a 10-year sale-leaseback with the tenant, Houston-based C&D Scrap Metal. The addresses of the properties and the sales price of the transaction were not disclosed.

January 29, 2026

Acquisitions Affordable Housing Multifamily Texas

Muskin | Elam Arranges Sale of 252-Unit Affordable Housing Complex in North Austin

by Taylor Williams January 28, 2026

AUSTIN, TEXAS — Locally based brokerage firm Muskin | Elam Group has arranged the sale of Runnymede Apartments, a 252-unit affordable housing complex in North Austin. Information on floor plans and income restrictions was not disclosed. Amenities include a pool, playground, basketball court, resident learning center and onsite laundry facilities. Muskin | Elam represented the seller, a Texas-based nonprofit organization, in the transaction. The buyer and sales price were not disclosed.

January 28, 2026

Loans Multifamily Seniors Housing Texas

Berkadia Provides $30M Agency Refinancing for Two Seniors Housing Communities in Texas

by Taylor Williams January 28, 2026

AUSTIN, TEXAS — Berkadia has provided $30 million in agency debt for the refinancing of two seniors housing communities in Texas. The unnamed facilities provide assisted living and memory care services, and the financing comprises two seven-year, floating-rate Freddie Mac loans. Garrett Sacco, Austin Sacco, Steve Muth and Alec Rosenfeld of Berkadia originated the loans on behalf of the borrower, Austin-based Journeyman Group.

January 28, 2026

Acquisitions Retail Texas

Joint Venture Acquires 114,099 SF Beltway South Retail Center in Houston

by Taylor Williams January 28, 2026

HOUSTON — A joint venture between ShopOne Centers, Pantheon and an unnamed institutional investor has acquired Beltway South, a 114,099-square-foot retail center in Houston. Kroger anchors the center, which is also home to tenants such as Petco, Cato Fashions, Subway and State Farm. This transaction marks ShopOne’s first investment in Texas. The seller and sales price were not disclosed.

January 28, 2026

Leasing Activity Office Texas

CannonDesign Signs 9,897 SF Office Lease at Greenway Plaza in Houston

by Taylor Williams January 28, 2026

HOUSTON — CannonDesign has signed a 9,897-square-foot office lease at the 52-acre Greenway Plaza office complex in Houston. The integrated design services firm will occupy space on the fifth floor at 20 Greenway Plaza, a 433,132-square-foot building. Abby Alford of Stream Realty Partners represented the tenant in the lease negotiations. Steve Rocher and Rima Soroka of CBRE represented the landlord, Stockdale Capital Partners.

January 28, 2026

Acquisitions Loans Multifamily Texas

IPA Arranges Sale of 330-Unit Sola Galleria Apartments in Farmers Branch, Texas

by Taylor Williams January 27, 2026

FARMERS BRANCH, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Sola Galleria, a 330-unit apartment community in the northern Dallas metro of Farmers Branch. The property offers one- and two-bedroom units and amenities such as a pool, fitness center, computer lounge, coffee bar, clubhouse kitchen, zen lounge, outdoor grilling and dining stations and a gaming/media room. Joey Tumminello, Drew Kile, Taylor Hill, Michael Ware and Jack Windham of IPA represented the seller, a partnership between HLC Equity and The Hampshire Cos., in the transaction. Cameron Chalfant, Brian Eisendrath, Harry Krieger and Scott Arenzon, also with IPA, arranged an undisclosed amount of acquisition financing for the deal on behalf of the buyer, San Diego-based MG Properties.

January 27, 2026

Acquisitions Affordable Housing Multifamily Texas

Silverstone, JSB Capital Buy 277-Home Build-to-Rent Portfolio in Midland, Texas

by Taylor Williams January 27, 2026

MIDLAND, TEXAS — A joint venture between Silverstone Partners and JSB Capital Group has purchased a portfolio of four build-to-rent properties totaling 277 homes in the West Texas city of Midland. The specific names and addresses of the properties, which are collectively known as The Seed Portfolio, were not disclosed. The portfolio features an average home size of 1,300 square feet. The seller was Related Cos. Silverstone affiliate Claireville Residential will manage the properties.

January 27, 2026

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