Texas

Catalina-Austin

AUSTIN, TEXAS — The NRP Group, a Cleveland-based multifamily developer, has broken ground on Catalina, a 336-unit affordable housing project in southeast Austin. Developed in partnership with the Housing Authority of Travis County, Catalina will consist of 12 three-story buildings that will house one-, two-, three- and four-bedroom units. Residences will be reserved for households earning between 30 and 70 percent of the area median income. Amenities will include a pool, fitness center, business center, a multipurpose community room, children’s activity room, playground and various green spaces and outdoor seating areas throughout. Residents will also have access to services such as afterschool care, financial literacy courses, ESL (English as a second language) classes and first-time homebuyer programs. The first units are expected to be available for occupancy next fall, with full completion slated for spring 2028.

FacebookTwitterLinkedinEmail
River-Junction-Leander

LEANDER, TEXAS — Walker & Dunlop has arranged a $46.5 million bridge loan for the refinancing of River Junction, a 329-unit apartment community located in the northern Austin suburb of Leander. Completed in 2024, River Junction comprises 15 buildings that house one-, two- and three-bedroom apartments, as well as 17 townhomes. Amenities include a pool, fitness center, clubhouse, coworking space, pet park and outdoor grilling and dining stations. Patrick Short and Clay Colvill of Walker & Dunlop arranged the floating-rate, interest-only loan through Bridge Investment Group on behalf of the undisclosed owner.

FacebookTwitterLinkedinEmail

VICTORIA, TEXAS — Marcus & Millichap has brokered the sale of Dollar Tree Plaza, a 30,800-square-foot retail strip center in Victoria, about 85 miles north of Corpus Christi. Built on 3.3 acres in 2013, the two-building center was fully leased at the time of sale to tenants such as Dollar Tree, Anytime Fitness, Domino’s, Metro by T-Mobile and Freeway Insurance. Philip Levy of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

FacebookTwitterLinkedinEmail

HOUSTON — Houston Bank & Trust has signed a 19,600-square-foot lease in the city’s Uptown area for its new banking headquarters, trust department and flagship retail banking branch. The space is located within the building at 2603 Augusta Drive, which according to LoopNet Inc. was built in 1984 (renovated in 2011) and totals 244,804 square feet. Collin Grimes of JLL represented the tenant in the lease negotiations. LandPark Advisors owns the building.

FacebookTwitterLinkedinEmail
McKinney-Air-Business-Park

By Taylor Williams The Texas industrial market could use a little ABS.  The acronym, which stands for automated ball-strike system, has been a — wait for it — game-changer in 2026 for Major League Baseball, the innings of which are often invoked as metaphors for points in real estate cycles. The ABS system establishes a clear, objective picture of the strike zone that eliminates doubt among players, managers and umpires about whether a pitch is a ball or a strike.  Like any good sports technology, the system provides clarity on the rules of engagement, which leads to better operational execution. It’s been a — wait for it again — big hit for the game.  Efficiency in real estate development and investment similarly hinges on data that is governed by universally accepted frameworks. While there is always the hopeful possibility of stumbling upon a hidden indicator, most real estate investors and operators are inter-reliant on themselves — in the form of industry comps — and their established metrics to understand where they are in a given cycle. There is room for disagreement, but only to a certain extent. With regard to industrial real estate in Texas, what is essentially indisputable is …

FacebookTwitterLinkedinEmail
The-Flynn-at-Live-Oak-Dallas

DALLAS — JLL has arranged a $78.7 million loan for the refinancing of The Flynn at Live Oak, a 327-unit apartment community in East Dallas. The five-story, newly constructed building offers studio, one- and two-bedroom units with an average size of 832 square feet. Amenities include a pool, outdoor courtyards with fire pits and grilling stations, a sky lounge, fitness center with outdoor yoga space, coworking lounge and a grab-and-go convenience store. Lucas Borges, Lauren Dow, Sam Tarter, Aidan Flanagan and Christian Johnston of JLL arranged the loan through private equity firm Blue Owl Capital on behalf of the owner, a partnership between Conor Commercial Real Estate and Globe Corp.

FacebookTwitterLinkedinEmail

SAN ANTONIO — Alterra IOS has acquired a portfolio of six industrial outdoor storage facilities totaling 23.5 acres in the greater San Antonio area. Five of the properties are located in San Antonio proper, and the sixth is located in the northeastern suburb of Schertz. The facilities feature a combined 172,141 square feet of warehouse space and are leased to tenants in industries such as building materials, equipment rentals and logistics. The seller and sales price were not disclosed.

FacebookTwitterLinkedinEmail

MIDLOTHIAN, TEXAS — Dallas-based brokerage firm Summit RE has negotiated the sale of Harvest Hill Town Center II, a 14,895-square-foot retail strip center located in the southern Dallas suburb of Midlothian. Tenants at the center include T-Mobile and Club Pilates. Hudson Lambert and Jack Hicks of Summit RE represented the undisclosed seller in the transaction. The name and representative of the buyer, as well as the sales price, were also not disclosed.

FacebookTwitterLinkedinEmail

HOUSTON — Marcus & Millichap has brokered the sale of a 14,000-square-foot medical office building in West Houston. The building at 19304 Katy Freeway was constructed in 2024 and was roughly 40 percent leased at the time of sale to Excel Urgent Care. The undisclosed buyer plans to occupy the remainder of the space. Joseph Jaques, Alex Wolansky, Ron Hebert and Gus Lagos of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

FacebookTwitterLinkedinEmail
Latitude-Margaritaville-rendering

TEXAS CITY, TEXAS — The Texas City Commission has approved the development of Latitude Margaritaville, a 1,318-acre active adult master-planned community in Texas City, a coastal city along Galveston Bay and near the Gulf of Mexico.   The project, which will be led by Minto Communities USA and Margaritaville Holdings, will be situated about 40 miles southeast of Houston between Texas Highways 3 and 146, north of the Emmett F. Lowry Expressway and extending toward Moses Bayou. This project marks the first Latitude Margaritaville community in the state and the collaboration’s first development in Texas. Plans for Latitude Margaritaville Galveston Bay call for approximately 3,500 residences that include single-family, village and cottage-style homes for residents ages 55 and up. The homes will feature the Latitude Margaritaville brand’s casual, island-inspired aesthetics with open-concept floorplans, indoor-outdoor living spaces and abundant natural light. Signature amenities across the Latitude Margaritaville portfolio include a town square with a bandshell for live music and dancing; a Fins Up! Fitness Center; Latitude Bar & Chill restaurant; Workin’ N’ Playin’ Center; Last Mango Theater; Paradise Pool; Changes in Attitude poolside tiki bar; tennis, pickleball and bocce ball courts; and the Barkaritaville Dog Park and Pet Spa, in addition to …

FacebookTwitterLinkedinEmail
Newer Posts