SPRINGTOWN AND AZLE, TEXAS — Marcus & Millichap has brokered the sale of a portfolio of two self-storage facilities totaling 950 units in Springtown and Azle, both of which are located northwest of Fort Worth. The Springtown & Azle Storage Portfolio spans 150,980 net rentable square feet of space across more than 15 acres. Danny Cunningham and Brandon Karr of Marcus & Millichap represented the seller, a DFW-based, family-owned partnership, in the transaction and procured the buyer, an entity doing business as 10 Federal. The same buyer recently purchased the 359-unit KO Storage facility that is also located in Azle.
DALLAS — Locally based developer Larkspur Capital has begun leasing The Juniper, a 219-unit multifamily project in Dallas. The site is located within a Qualified Opportunity Zone at 4003 Commerce St. in the Exposition Park area of Dallas. The site spans 1.4 acres, and the property feature studio, one- and two-bedroom units in addition to townhomes, penthouses and ground-floor retail space. Amenities include a pool, dog park, fitness center, multiple lounges, pickleball courts, outdoor grilling and dining stations and a clubhouse. Corgan designed the project, with Faulkner Design Group handling interior architecture. OHT Partners served as the general contractor. Rents start at roughly $1,600 per month for a studio apartment.
MISSOURI CITY, TEXAS — Chicago-based owner-operator Logistics Property Co. has broken ground on a 217,758-square-foot industrial project in Missouri City, a southwestern suburb of Houston. The project will be the seventh building to be constructed within the 98-acre CityPark Logistics Center and is a build-to-suit for Standex GRID/Amran Instrument Transformers. Building features will include a cross-dock configuration, 32-foot clear heights and “ample” car and trailer parking. Powers Brown Architecture designed the project, and Burton Construction is serving as the general contractor. Pape Dawson is the civil engineer. Completion is slated for the second quarter of next year. Steve King and Wesley King of CBRE represented the tenant in the lease negotiations for Building 7. Beau Kaleel and Brooke Swerdlow of Cushman & Wakefield, along with internal agents Aaron Martell, Mark Redlingshafer and Wilson Goode, represented ownership.
LEWISVILLE, TEXAS — Lee & Associates has negotiated an 87,730-square-foot industrial lease in the northern Dallas suburb of Lewisville. The space is located within Building B of First Park 121, a six-building, 1.2 million-square-foot development. Adam Graham of Lee & Associates represented the tenant, Oh My Mahjong, in the lease negotiations. Mark Graybill, also with Lee & Associates, represented the landlord, Chicago-based REIT First Industrial Realty Trust.
LAS VEGAS — For the third consecutive year, Dallas-Fort Worth (DFW) has secured the top spot as the U.S. market with the best overall real estate prospects. That’s according to the Emerging Trends in Real Estate 2027 report, which is jointly produced every year by the Urban Land Institute (ULI) and accounting firm PwC. After finishing third and fifth in the 2025 and 2026 rankings, respectively, Houston has more or less maintained the status quo, claiming the No. 6 ranking in the 2027 report. Austin, meanwhile, continued to slip in the rankings, ostensibly due to the market’s ongoing struggles to catch up to recent building booms in the industrial and multifamily sectors. The state capital’s real estate prospects ranked 21st on this year’s list, marking the third consecutive year in which the market has failed to crack the Top 10. In explaining the top ranking, ULI and PwC immediately pointed to the Texas Stock Exchange (TXSE), which launched in downtown Dallas earlier this year and has been credited with fueling the growth of a major new vertical within the local economy: financial services. The report identified two nameless financial institutions — known within the real estate community to be Goldman …
NORTHLAKE, TEXAS — Newmark has provided a $53.9 million Fannie Mae acquisition loan for Dry Creek Ranch, a 456-unit multifamily property in Northlake, located north of the metroplex in Denton County. Built on 29 acres between 2014 and 2017, Dry Creek Ranch features one-, two- and three-bedroom units and amenities such as multiple pools, a fitness center, clubhouse, business center, basketball court and a car wash station. Adam Randall, John Westby-Gibson and Drake Blodgett of Newmark originated the five-year, fixed-rate loan on behalf of the buyer, Denver-based Bow River Capital. Drew Kile, Taylor Hill, Joey Tumminello, Michael Ware and Shelby Vosburg of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller, Western Securities, in the transaction and procured Bow River as the buyer.
HUTCHINS, TEXAS — Cushman & Wakefield has brokered the sale of Wintergreen Distribution Center, a 754,822-square-foot industrial building in Hutchins, a southern suburb of Dallas. Wintergreen Distribution Center was built on 42.7 acres in 2018 and features a cross-dock configuration, 36-foot clear heights, 164 loading doors, an ESFR sprinkler system and parking for 303 cars and 205 trailers. Jud Clements, Robby Rieke, Emily Brandt and Trevor Berry of Cushman & Wakefield represented the seller, Boston-based Cabot Properties, in the transaction. The buyer and sales price were not disclosed.
AZLE, TEXAS — Marcus & Millichap has arranged the sale of KO Storage, a 359-unit self-storage facility in Azle, a northwestern suburb of Fort Worth. Built on 5.3 acres in 2016, KO Storage spans 65,725 net rentable square feet across 10 single-story buildings, inclusive of traditional drive-up units and enclosed parking spaces. Danny Cunningham and Brandon Karr of Marcus & Millichap represented the seller in the transaction procured the buyer.
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Lee & Associates’ Q3 2026 Report: Industrial Rebounds, Office Stalls, Retail and Multifamily Gain Ground
After three years of new construction outpacing tenant demand in many sectors and areas, commercial real estate posted a mostly encouraging report card in the third quarter of 2026. Lee & Associates’ 2026 Q3 North America Market Report shows industrial demand nearly doubled from the second quarter, while retail and multifamily extended their rebounds. Office, the sector that had been staging a comeback, slipped back into negative tenant demand territory. Sponsored: Download Lee & Associates’ 2026 Q3 North America Market Report. Industrial Overview: Tenant Growth Gains in United States There has been broad general improvement across North American industrial markets, with demand for space rebounding in the United States. Third-quarter net absorption totaled 84,081,618 square feet, as more users gradually have set aside tariff and trade concerns that have hobbled tenant expansion since 2023. The third-quarter gains are an 89 percent improvement from 44.4 million square feet in the second quarter and a year-on-year jump of 172 percent. The third quarter’s growth brought the year-to-date total to 161.2 million square feet as net absorption has recovered from three years of tepid growth. Despite the increase so far this year, tenant expansion continues to fall short of absorbing the volume of deliveries that …
EL PASO, TEXAS — Provident Industrial, a subsidiary of Dallas-based development and investment firm Provident, has completed a 497,280-square-foot industrial project in El Paso. The project represents the fourth and final phase of Gateway Logistics Park and consists of three rear-load buildings. Buildings 4 and 5 each span 147,420 square feet and have a shared 205-foot truck court. Building 6 totals 202,440 square feet and has a 130-foot truck court and 44 trailer parking stalls. Construction of Phase IV began in spring 2025. Now fully built out, Gateway Logistics Park comprises six buildings totaling roughly 1.4 million square feet.
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