Texas

Namdar Realty Buys 1 MSF Office Building in Downtown Houston

by Taylor Williams February 18, 2026

HOUSTON — Namdar Realty Group, an investment firm based on Long Island, has purchased 601 Jefferson, a 1 million-square-foot office building in downtown Houston. According to the Houston Business Journal, the sales price was approximately $66 million. The 42-story building first opened in 1973 and was 92 percent leased at the time of sale, with engineering company KBR occupying about 90 percent of the gross leasable area. Kevin McConn and Jeff Hollinden of JLL represented the seller, Net Lease Office Properties, in the transaction.

February 18, 2026

Development Hospitality Multifamily Texas

Pearlstone Partners Delivers 152-Unit Hospitality, Residential Project in South Austin

by Taylor Williams February 18, 2026

AUSTIN, TEXAS — Locally based developer Pearlstone Partners has delivered The Code, a 152-unit hospitality and multifamily project in South Austin. The Code offers studio, one- and two-bedroom condos that can also be utilized for short-term rentals or extended hotel stays. Amenities include a pool, outdoor kitchen, rooftop terrace, pet park and 24-hour concierge services. The Code also houses a lobby lounge with a coffee and wet bar, as well as retail spaces that provide wellness uses and a restaurant that will open at the property later this year. Vacation home platform AvantStay operates the property.

February 18, 2026

Civic Development Texas

Bartlett Cocke Completes $31M Academic Project in Round Rock, Texas

by Taylor Williams February 18, 2026

ROUND ROCK, TEXAS — Texas-based general contractor Bartlett Cocke has completed a $31 million academic project in metro Austin for the Round Rock Independent School District’s Early College High School campus. The 46,500-square-foot building houses 14 classrooms, eight study rooms, three labs, a common area, administration suite, cafeteria, indoor gym, outdoor basketball court and outdoor dining and study areas. O’Connell Robertson designed the project, and Birmingham-based HPM served as project manager. Construction began in May 2024.

February 18, 2026

Leasing Activity Retail Texas

City Pickle USA Opens 35,000 SF Athletic Facility in North Fort Worth

by Taylor Williams February 18, 2026

FORT WORTH, TEXAS — City Pickle USA has opened a 35,000-square-foot athletic facility in North Fort Worth. The site spans 3.3 acres at 8600 N. City Drive, and the facility features 16 courts, agym, full-service bar, pro shop and dedicated wellness spaces, including a sauna, cold plunge and a red light therapy room. A grand opening ceremony will take place in the coming weeks.

February 18, 2026

Development Office Texas

Bradford Underway on $20M Renovation of Uptown Dallas Office Tower

by Taylor Williams February 17, 2026

DALLAS — Bradford Commercial Real Estate Services is underway on the $20 million renovation of Uptown Tower, a 264,478-square-foot office building in Uptown Dallas. The 12-story building is located at 4144 N. Central Expressway and was originally constructed in 1982 and last renovated in 1994. Since acquiring Uptown Tower last summer, Bradford has enhanced the building’s security systems, parking garage and conference center and will soon target elevators, atriums and other common areas. Bradford also plans to add a new fitness center and grab-and-go market and has inked multiple new leases and/or expansions since launching the capital improvement program.

February 17, 2026

Acquisitions Multifamily Texas

Virga Capital Buys 258-Unit Apartment Community in Pflugerville, Texas

by Taylor Williams February 17, 2026

PFLUGERVILLE, TEXAS — Montana-based investment firm Virga Capital has purchased The Beacon at Pfluger Farm, a 258-unit apartment community located on the northern outskirts of Austin. Built in 2022, The Beacon at Pfluger Farm is a garden-style property that offers one-, two- and three-bedroom units with an average size of 890 square feet. Amenities include a pool, clubhouse, two fitness centers, coworking and resident lounges and outdoor gathering areas. The seller and sales price were not disclosed.

February 17, 2026

Acquisitions Industrial Texas

CapRidge Partners Buys 30,000 SF Building in Cedar Park, Texas

by Taylor Williams February 17, 2026

CEDAR PARK, TEXAS — Local investment firm CapRidge Partners has purchased a 30,000-square-foot building in Cedar Park, a northern suburb of Austin. The sales price was $6.7 million. The structure is located within the Scottsdale Crossing master-planned development and is known as ITC-1615 Scottsdale Building One. The building was fully leased at the time of sale to three tenants. Witt Westbrook of JLL represented the seller, a partnership between BCA Industrial Partners and Growth Capital Partners, in the deal.

February 17, 2026

Acquisitions Retail Texas

SRS Real Estate Brokers Sale of 25,767 SF Retail Center Near San Antonio

by Taylor Williams February 17, 2026

NEW BRAUNFELS, TEXAS — SRS Real Estate Partners has brokered the sale of Gruene Heights, a 25,767-square-foot retail center in New Braunfels, located northeast of San Antonio. Built on 3.5 acres in 2024, the center was fully leased at the time of sale to tenants such as Papa Johns, Garcia’s Mexican Food and Chicken Salad Chick. Cathy Nabours, Kyle Shaffer and Sam Nichols of SRS Real Estate Partners represented the seller, a San Antonio-based developer, in the transaction. The buyer was a Houston-based private investor.

February 17, 2026

Development Retail Texas

For Texas Retail Developers, There’s No Time Like The Present

by Taylor Williams February 17, 2026

By Taylor Williams The challenges are multi-faceted. The timelines are elongated. The costs are brutal. The capital is tight. The consumers’ incomes are strained. The prevailing logic favors buying over building. The list goes on. And yet some retail developers in Texas and Oklahoma see the current environment as one that represents a unique chapter in the saga of their business — one that makes them glad they do what they do. That sentiment is not just a factor of a post-COVID resurgence built on the realization that brick-and-mortar stores and e-commerce platforms work better in tandem than in opposition. And it’s not just a natural byproduct of favorable supply-demand dynamics that have pushed retail occupancies and rents to record highs in most major markets. It goes beyond being the beneficiary of new capital flows as the commercial real estate darlings of the past decade — industrial and multifamily — have experienced softening fundamentals. The feeling is, in the words of Stevie Wonder, all these things and more. “It’s a special time in this business, even if it’s a different one,” says David Neher, president at Dallas-based Rainier Development Co. “There’s a fair amount of front-end risk and planning for …

February 17, 2026

Acquisitions Multifamily Texas

IPA Negotiates Sale of 216-Unit Stonebrook Village Apartments in Frisco

by Taylor Williams February 16, 2026

FRISCO, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Stonebrook Village, a 216-unit apartment complex in Frisco. Built on 14 acres in 1994, Stonebrook Village offers one-, two- and three-bedroom units with an average size of 899 square feet. Amenities include a pool, clubhouse, basketball court and a playground. Joey Tumminello, Taylor Hill, Michael Ware and William Hubbard of IPA represented the seller, New Jersey-based Strata Capital, in the transaction and procured the buyer, California-based Paskin Group.

February 16, 2026

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