Texas

Uplands-Twinwood-Business-Park-Brookshire

Clay Development Breaks Ground on Two Industrial Buildings Totaling 552,240 SF in Brookshire, Texas

by Taylor Williams August 11, 2026

BROOKSHIRE, TEXAS — Local owner-operator Clay Development & Construction Inc. has broken ground on two industrial buildings totaling 552,240 square feet in Brookshire, a western suburb of Houston. The 291,720-square-foot Twinwood Distribution Center IV and the 260,520-square-foot Twinwood Distribution Center V are both part of the 200-acre first phase of Uplands Twinwood Business Park. The buildings both feature 36-foot clear heights, 69 dock-high doors, four drive-in ramps and 2,600 square feet of office space, in addition to a combined 342 car parking spaces and 120 trailer parking spaces. Completion is slated for the first quarter of next year. KBC Advisors has been tapped as the third-party leasing agency for the two buildings.

August 11, 2026

Acquisitions Office Texas

JLL Negotiates Sale of 323,949 SF Office Campus in North San Antonio

by Taylor Williams August 11, 2026

SAN ANTONIO — JLL has negotiated the sale of Union Square, a two-building, 323,949-square-foot office campus located on the north side of San Antonio. Building I was constructed in 1986 and offers 192,763 square feet across 10 floors, and Building II, which was completed in 2006, houses 131,186 square feet across six floors. The campus was roughly 95 percent leased at the time of sale. Drew Fuller, Chuck King and Patrick McCord of JLL represented the seller, a joint venture led by local owner-operator Worth & Associates, in the transaction. A partnership led by SynerMark Properties that includes Tryperion Holdings purchased the property for an undisclosed price.

August 11, 2026

Acquisitions Industrial Texas

BGO Acquires 299,520 SF Industrial Portfolio in Katy, Texas

by Taylor Williams August 11, 2026

KATY, TEXAS — BGO, the institutional investment firm formerly known as BentallGreenOak, has acquired a two-property industrial portfolio totaling 299,520 square feet in the western Houston suburb of Katy. Known as Heritage West and completed earlier this year, the portfolio comprises front-load buildings totaling 90,480 and 209,040 square feet that feature 32- and 36-foot clear heights, respectively. BGO acquired the portfolio, which was fully leased at the time of sale, in partnership with Austin-based Harbor Capital. The seller and sales price were not disclosed.

August 11, 2026

Acquisitions Industrial Texas

Zenith IOS Buys 7.5-Acre Facility in Blue Mound, Texas

by Taylor Williams August 11, 2026

BLUE MOUND, TEXAS — Zenith IOS (industrial outdoor storage) has purchased a 7.5-acre facility in Blue Mound, a northern suburb of Fort Worth. The property at 1151-1201 Cantrell Sansom Road consists of three buildings totaling approximately 29,300 square feet with 12 drive-through bays and four dock-high loading doors. Andrew Wieseman of Nashville-based brokerage firm Matthews sourced the deal on behalf of Zenith, which acquired the facility as part of a larger portfolio deal that included properties in Duncanville, Texas, and Tulsa, Oklahoma. The seller and sales price were not disclosed.

August 11, 2026

Market Reports Multifamily Texas Texas Market Reports

Texas Multifamily Owners Ride Out The Hangover

by Taylor Williams August 11, 2026

By Taylor Williams On some level, they knew this was coming, right? They just thought it would be over by now. Indeed, the expression, “survive till ’25” has proven insufficient as a barometer for when the multi-year slowdown in multifamily rent growth and valuations — inevitable consequences of the record-high sales prices and record-low cap rates that were achieved in 2021 and 2022 — would eventually fizzle out. Unprecedented supply growth in recent years, catalyzed by historically low interest rates and insatiable demand and taken to perhaps the highest of highs in Texas, has, unsurprisingly, generated cyclical pain in subsequent years. True, that pain is submarket-specific and is likely on its way out, but that doesn’t change the fact that it’s tough sledding for many multifamily owners right now. “Multifamily has had almost everything possible thrown at it in the past few years: interest rates rising, rental rates flatlining due to supply growth and operating expenses going up across multiple categories, from payroll to insurance to repairs/maintenance,” says John Griggs, co-CEO and co-founder of Texas-based developer Presidium. “Everything started flipping the wrong way at the same time. Some of those variables may correct in our favor, but it’s now been …

August 11, 2026

Development Industrial Life Sciences Texas Top Stories

Bristol Myers Squibb to Open $2.3B Pharmaceutical Manufacturing Campus in Houston

by John Nelson August 11, 2026

HOUSTON — Bristol Myers Squibb (NYSE: BMY), a global pharmaceutical company best known for manufacturing treatments and medications such as Opdivo and Eliquis, will open a $2.3 billion manufacturing campus in Houston. The Princeton, N.J.-based firm chose a site within McCord Development’s 4,300-acre Generation Park for the approximately 600,000-square-foot project. “This investment reflects our confidence in America’s continued leadership in biopharmaceutical innovation,” says Christopher Boerner, board chair and CEO of Bristol Myers Squibb. “As part of our $40 billion commitment to the United States, we’re building the domestic manufacturing capabilities needed to deliver the next generation of medicines and support future scientific breakthroughs. Houston and the state of Texas offer the talent, infrastructure and partnership needed to help bring that vision to life.” Situated in northeast Houston, Bristol Myers Squibb’s new campus will be designed to be both modular and multi-modal, allowing the company to reconfigure manufacturing capacity for multiple types of medicines — including small molecules, biologics and antibody-drug conjugates — as needs arise. The new campus is estimated to create nearly 500 skilled jobs in the Houston area for roles including operations technicians, production specialists, maintenance and engineering professionals, quality control/assurance experts and administration. Bristol Myers Squibb also anticipates …

August 11, 2026

Development Multifamily Texas

Fairfield Residential Completes 340-Unit Multifamily Project in Houston’s Montrose District

by Taylor Williams August 10, 2026

HOUSTON — Fairfield Residential has completed 1010 Waugh, a 340-unit multifamily project in Houston’s Montrose district. Designed by Dallas-based KTGY, the 14-story building offers studio, one- and two-bedroom units that range in size from 539 to 1,612 square feet. Residences are furnished with stainless steel appliances, quartz countertops and individual washers and dryers, with select units offering private balconies/patios. Amenities include a pool, fitness center, golf simulator, sky lounge, coworking space, conference rooms and a game room. Rents start at roughly $1,800 per month for a studio apartment.

August 10, 2026

Loans Multifamily Texas

Newmark Arranges $52M Loan for Refinancing of Metro Houston Multifamily Property

by Taylor Williams August 10, 2026

CYPRESS, TEXAS — Newmark has arranged a $52 million loan for the refinancing of Cantera at Towne Lake, a 366-unit multifamily property in the northwestern Houston metro of Cypress. Built in 2008 within the Towne Lake master-planned community, the property offers one-, two- and three-bedroom units and amenities such as two pools, a fitness center, conference center and outdoor grilling and dining stations. Vince Punzi and Lowell Takahashi of Newmark arranged the loan on behalf of the borrower, California-based owner-operator The Bascom Group, which will use a portion ($4.4 million) of the proceeds to fund capital improvements. The direct lender was not disclosed.

August 10, 2026

Acquisitions Industrial Texas

Zenith IOS Acquires 14.9-Acre Facility in Duncanville, Texas

by Taylor Williams August 10, 2026

DUNCANVILLE, TEXAS — Zenith IOS (industrial outdoor storage) has acquired a 14.9-acre facility in Duncanville, a southern suburb of Dallas. The crane-served property at 1200 N. Main St. houses a 49,000-square-foot, tilt-wall building with nine drive-through bays and four drive-in doors. Andrew Wieseman of Nashville-based brokerage firm Matthews sourced the deal on behalf of Zenith, which acquired the facility as part of a larger portfolio sale that included properties in Blue Mound, Texas, and Tulsa, Oklahoma. The seller and sales price were not disclosed.

August 10, 2026

Acquisitions Retail Texas

Marcus & Millichap Brokers Sale of 17,107 SF Retail Strip Center in Flower Mound, Texas

by Taylor Williams August 10, 2026

FLOWER MOUND, TEXAS — Marcus & Millichap has brokered the sale of Long Prairie Plaza, a 17,107-square-foot retail strip center in Flower Mound, located in the northern-central part of the metroplex. Built in 2022, the center was fully leased at the time of sale to tenants such as Active Dental, Teacupfuls, Fiore Nail Bar, Cold Stone Creamery, JDX Blinds, Zelena Head Spa, Degree Wellness and Donatos Pizza. Philip Levy and Chris Gainey of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

August 10, 2026

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