Texas

Elevate Development Receives $116M in Financing for Student Housing Project Near Texas State University

by Taylor Williams May 13, 2026

SAN MARCOS, TEXAS — Elevate Development Partners has received $116 million in acquisition and construction financing for the development of a 759-bed student housing community near Texas State University in San Marcos. The 260-unit project is being developed in partnership with Flintco. S3 Capital provided financing for the development, which will span 280,124 square feet. Shared amenities are set to include a social lounge, bicycle room, package room, resort-style pool, yoga and wellness room, fitness center, study lounges and conference rooms. Preiss has been tapped to manage the community upon completion. Sean Reimer, Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz and Dustin Stolly of Walker & Dunlop arranged the financing on behalf of the developer.

May 13, 2026

Acquisitions Industrial Texas

CanTex Capital Sells Majority Interest in 1.3 MSF Dallas-Fort Worth Industrial Portfolio

by Taylor Williams May 13, 2026

DALLAS — Locally based investment firm CanTex Capital has sold its majority interest in a portfolio of 20 shallow-bay industrial properties totaling approximately 1.3 million square feet in Dallas-Fort Worth. Ther percentage and sales price were not disclosed. Spanning 61 acres, the portfolio comprises buildings in submarkets such as South Stemmons, Northwest Dallas and DFW Airport. Buildings feature 16- to 30-foot clear heights and a mix of dock-high and drive-in loading doors. The buyer was a partnership between Partners Group and a global investor based in New York.

May 13, 2026

Loans Texas

Kennedy Funding Provides $4.4M Loan for Refinancing of Residential Development Site in Spicewood, Texas

by Taylor Williams May 13, 2026

SPICEWOOD, TEXAS — Kennedy Funding, a New Jersey-based direct lender, has provided a $4.4 million loan for the refinancing of a 38.8-acre residential development site in the Central Texas city of Spicewood. The site consists of six adjoining parcels, and the undisclosed borrower will use the loan proceeds to access capital to support the next stage of the project, details of which were not disclosed. Edwin Urrego led the Kennedy Funding team in the transaction.

May 13, 2026

Acquisitions Industrial Texas

Colliers Brokers Sale of 69,363 SF Industrial Building in Irving

by Taylor Williams May 13, 2026

IRVING, TEXAS — Colliers has brokered the sale of a 69,363-square-foot industrial building in Irving. The site at 7815 Jetstar Drive houses Building 1 within TriStar Business Park, a master-planned development. Greg Cannon of Colliers represented the seller, Hopewell Development, in the transaction. Chris Teesdale and Pride Snow, also with Colliers, represented the owner, GEO Plastics, which expects to occupy the building and add about 50 new jobs to the local economy.

May 13, 2026

Development Multifamily Student Housing Texas

Greystar, University of Texas at Austin Break Ground on 340-Bed Student Housing Project

by Taylor Williams May 12, 2026

AUSTIN, TEXAS — A public-private partnership between South Carolina-based Greystar and the University of Texas at Austin has broken ground on Law School Village, a 340-bed student housing project for enrollees at the university’s law school. The 14-story building will offer 280 units in studio, one- and two-bedroom configurations. Shared amenities are set to include a library-style sky lounge, café, fitness and yoga area, courtyard, two rooftop decks and retail space. Lemmo Architecture & Design and Meeks + Partners designed the project, which is expected to be complete in advance of the 2028-2029 academic year.

May 12, 2026

Development Hospitality Texas

NewcrestImage Completes Renovation of 293-Room Hotel in Westlake, Texas

by Taylor Williams May 12, 2026

WESTLAKE, TEXAS — Locally based owner-operator NewcrestImage has completed the renovation of the 293-room Ricardo Marriott DFW Westlake hotel. NewcrestImage acquired the hotel in September 2023 in a joint venture with Dabu Group, at which time the property was known as Marriott Westlake. In addition to the rebranding, which pays homage to Mexican architect Ricardo Legorreta, the renovation introduced a new food-and-beverage concept and refreshed the hotel’s amenities, including 15,000 square feet of meeting and event space. Coury Hospitality manages the property.

May 12, 2026

Acquisitions Retail Texas

JLL Arranges Sale of 76,426 SF Shopping Center in North Dallas

by Taylor Williams May 12, 2026

DALLAS — JLL has arranged the sale of Shops at Mockingbird, a 76,426-square-foot shopping center in North Dallas. The center was built on 6.4 acres adjacent to Dallas Love Field Airport in 2008. LA Fitness anchors the property, which was 94.7 percent occupied at the time of sale. Additional tenants include Family Dollar, Tropical Smoothie, Leslie’s Pool Supplies and Fuzzy’s Taco Shop. Adam Howells, Erin Lazarus and Michael Jankovich of JLL represented the seller, locally based investment firm Dunhill Partners, in the transaction.

May 12, 2026

Industrial Leasing Activity Texas

Highland Properties Negotiates 12,162 SF Industrial Lease in Richardson, Texas

by Taylor Williams May 12, 2026

RICHARDSON, TEXAS — Local brokerage firm Highland Properties has negotiated a 12,162-square-foot industrial lease in the northeastern Dallas suburb of Richardson. The tenant is ZC Distribution, and the space is located at 1461 Exchange Drive. Scott Voelkel and Cullen Dickey of Highland Properties represented the tenant in the lease negotiations. Dan Lawson of Proterra Properties represented the landlord, a Dallas-based partnership.

May 12, 2026

Development Mixed-Use Texas

Southern Land Breaks Ground on 953,000 SF Mixed-Use Project in Houston

by Taylor Williams May 11, 2026

HOUSTON — Nashville-based developer Southern Land Co. has broken ground on a 953,000-square-foot mixed-use project in the River Oaks neighborhood of Houston. The project will consist of a 10-story, 107,000-square-foot building with four floors of office space and 15,000 square feet of retail and restaurant space, as well as a 38-story, 331-unit apartment tower with 18 penthouse suites. Residential amenities will include a rooftop lounge with a pool, a seventh-floor garden deck that connects the buildings, a residential spa, guest suites and a fitness center that will be available to both residents and office users. Andres Construction is the general contractor for the project, which is expected to be complete in 2028.

May 11, 2026

Development Multifamily Texas

Weston Urban Completes 290-Unit Multifamily Project in Downtown San Antonio

by Taylor Williams May 11, 2026

SAN ANTONIO — Local developer Weston Urban has completed The Continental Residences, a 290-unit multifamily project in downtown San Antonio. Designed by BKV Group and built by Rogers-O’Brien Construction, the 16-story building features studio, one- and two-bedroom apartments, as well as two-story townhomes. A sixth-floor amenity suite is home to a clubroom, coworking space, an indoor-outdoor fitness center and an outdoor pool deck with lounge areas and an outdoor kitchen. Residents also have access to a rooftop lounge. Kairoi Residential is the property manager. Rents start at $1,700 per month for a studio apartment.

May 11, 2026

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