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Emblem-at-Tower-Manor
Affordable HousingDevelopmentMultifamilyTexas

Associated Bank Provides $60.4M Construction Loan for Metro Austin Affordable Housing Project

by Taylor Williams

MANOR, TEXAS — Associated Bank has provided a $60.4 million construction loan for Emblem at Tower, a 324-unit affordable housing project that will be located at 12100 Tower Road in Manor, about 15 miles northeast of Austin. Great Southern Bank joined Associated Bank in the construction loan syndication. Emblem at Tower will consist of 11 three-story buildings that will house a mix of two-, three- and four-bedroom units. The 4-percent LIHTC project will be available to households earning less than 60 percent of the area median income. Residents will have access to a clubhouse with fitness center, pool and outdoor amenity space, as well as a free 15-hour per week tutoring service. Construction is slated to be complete in early 2027. Dominium is the borrower and developer.

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The-Sterling-at-Oak-Hill
AcquisitionsMultifamilyTexas

Newmark Brokers Sale of 330-Unit Multifamily Property in San Antonio

by Taylor Williams

SAN ANTONIO — Newmark has brokered the sale of The Sterling at Oak Hills, a 330-unit multifamily property located within South Texas Medical Center in San Antonio. Built in 2019, the property offers one- and two-bedroom units that are furnished with stainless steel appliances, granite or quartz countertops and walk-in closets. Amenities include a pool, outdoor kitchen, fitness center and a clubhouse with an entertainment kitchen. Patton Jones, Matt Michelson and Andrew Dickson of Newmark represented the undisclosed seller in the transaction. The buyer was San Antonio-based AHV Communities.

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IndustrialLoansTexas

JLL Arranges Acquisition Loan for Industrial Outdoor Storage Facility in Metro Dallas

by Taylor Williams

CEDAR HILL, TEXAS — JLL has arranged an acquisition loan of an undisclosed amount for a 7.5-acre industrial outdoor storage facility (IOS) in Cedar Hill, a southwestern suburb of Dallas. Developed in 2015, the property features a 15,023-square-foot industrial service building with 3,000 square feet of office space. The facility was fully leased at the time of the loan closing. C.W. Sheehan, Kristi Leonard, Peyton Ackerman and Nate Henderson of JLL arranged the five-year, fixed-rate loan on behalf of the borrower, Apricus Realty Capital. The direct lender was not disclosed.

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Leasing ActivityOfficeTexas

National Veterinary Associates Signs 39,000 SF Office Lease Near Downtown Austin

by Taylor Williams

AUSTIN, TEXAS — The National Veterinary Associates has signed a 39,000-square-foot office lease near downtown Austin. The organization’s new headquarters space is located on the top floor of the office and retail building at The Bouldin mixed-use development at 1301 S. Lamar Blvd. Daniel Rasmussen and Brian Walker of Cushman & Wakefield represented the tenant in the lease negotiations. Austin-based Seamless Capital owns The Bouldin, which is also home to a 309-unit multifamily project that is nearing completion.

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AcquisitionsMultifamilyTexas

Marcus & Millichap Negotiates Sale of 16-Unit Treehouse Apartments in Arlington

by Taylor Williams

ARLINGTON, TEXAS — Marcus & Millichap has negotiated the sale of Treehouse Apartments, a 16-unit multifamily complex located at 1400 Cherry Drive in Arlington. According to Apartments.com, the property was built in 1972 and offers one-, two- and three-bedroom units. Dylan York, Ford Braly and Al Silva of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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The-Place-at-Castle-Hills
AcquisitionsMultifamilyTexas

IPA Negotiates Sale of 680-Unit Place at Castle Hills Apartments in San Antonio

by Taylor Williams

SAN ANTONIO — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of The Place at Castle Hills, a 680-unit apartment community located about eight miles north of downtown San Antonio. Built on 23 acres in 1984, the property features one- and two-bedroom units with an average size of 687 square feet. Amenities include three pools, a business center and a resident clubhouse. Drew Garza, Will Balthrope and Ben Kalter of IPA represented the seller, MC Cos., in the transaction and procured the buyer, Philadelphia-based Harvest Equities. The new ownership has rebranded the property as Seraphina Castle Hills.

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Mosielee-Commerce-Park-Houston
DevelopmentIndustrialTexas

PAGEWOOD Breaks Ground on 429,698 SF Spec Industrial Project in Northwest Houston

by Taylor Williams

HOUSTON — Locally based developer PAGEWOOD has broken ground on Mosielee Commerce Park, a 429,698-square-foot speculative industrial project in northwest Houston. Located at 12020 State Highway 24, the 32-acre development will consist of a 274,766 square-foot, cross-dock building and a 154,932-square-foot, front-load building. Powers Brown Architecture is designing Mosielee Commerce Park, which is slated for an mid- to late-2025 completion. CBRE arranged construction financing for the project, and JLL has been retained as the leasing agent.

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AcquisitionsHospitalityTexas

Hunter Hotel Advisors Arranges Sale of 101-Room Hampton Inn & Suites in Corpus Christi

by Taylor Williams

CORPUS CHRISTI, TEXAS — Atlanta-based brokerage firm Hunter Hotel Advisors has arranged the sale of the 101-key Hampton Inn & Suites Corpus Christi. The hotel is located at 5879 South Padre Island Drive and offers amenities such as a pool and fitness center. Kami Burnette and Mason McDavid of Hunter Hotel Advisors represented the seller, Canada-based hospitality REIT American Hotel Income Properties, in the transaction. The buyer and sales price were not disclosed.

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Leasing ActivityLife SciencesOfficeTexas

Rules-Based Medicine Renews 37,356 SF Office, Life Sciences Lease in North Austin

by Taylor Williams

AUSTIN, TEXAS —Rules-Based Medicine, a lab operator and division of Connecticut-based healthcare technology firm IQVIA, has renewed its office and life sciences lease at 3300 Duval Road in North Austin. Built on 7.1 acres in 2000, the facility is known as Stonecreek Park and totals 76,910 square feet. Nate Stricklen and Jay Austin of CBRE represented the tenant in the lease negotiations. Matt Frizzell and Kevin Granger of Cushman & Wakefield represented the landlord, Drawbridge Realty.

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IndustrialLeasing ActivityTexas

Time Manufacturing Holdings Signs 29,974 SF Industrial Lease in New Caney, Texas

by Taylor Williams

NEW CANEY, TEXAS — Time Manufacturing Holdings has signed a 29,974-square-foot industrial lease in New Caney, a northeastern suburb of Houston. The producer of vehicle-mounted aerial lifts is taking space at the building at 22218 McCleskey Road, which according to LoopNet Inc. was constructed in 2023. Carry Latham and Jax Rawlinson of Stream Realty Partners represented the landlord, Nickers Interests Inc., in the lease negotiations. Joseph Berwick of JLL represented the tenant.

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