Texas

JLL Brokers Sale of 552,550 SF Office Complex in Houston’s Galleria District

by Taylor Williams October 2, 2026

HOUSTON — JLL has brokered the sale of Park Towers, a 552,550-square-foot office complex in Houston’s Galleria district. Park Towers comprises two 18-story buildings that were built in 1972 and renovated between 2016 and 2022. Amenities include a fitness center, tenant lounge with a game room, conference facilities, executive boardroom and a full-service deli. Rick Goings, Kevin McConn and Jonathan Napper of JLL represented the seller, Regent Properties, in the transaction. Susan Hill, also with JLL, led the team that arranged acquisition financing for the deal through Morgan Stanley on behalf of the buyer, Interra Capital Group. Park Towers was 89.5 percent leased at the time of the loan closing to tenants such as tax firm Ryan and Huntington Bank. The new ownership has tapped Transwestern to lease the property.

October 2, 2026

Development Loans Multifamily Texas

Concord Summit Arranges $50M in Construction Financing for Fort Worth Multifamily Project

by Taylor Williams October 2, 2026

FORT WORTH, TEXAS — Concord Summit Capital, a South Florida-based intermediary, has arranged $50 million in construction financing for Vic Centre Apartments, a 268-unit multifamily project in Fort Worth. Vic Centre will be located on the city’s east side and will consist of nine three-story buildings that will house studio, one- and two-bedroom units. Specifics on the “premium” amenity package were not disclosed. David Larson and Keegan Burger of Concord Summit Capital arranged the financing, which includes both senior and mezzanine debt that was structured with an 80 percent loan-to-value ratio, on behalf of the sponsor, a partnership between Summa Terra Ventures and M13 Construction. The direct lender was not disclosed. Construction is underway and expected to be complete within 24 months.

October 2, 2026

Acquisitions Multifamily Texas

Partnership Acquires 322-Unit Apartment Community in Denton, Texas

by Taylor Williams October 2, 2026

DENTON, TEXAS — A partnership between Connecticut-based Spirit Investment Partners and Strategic Value Partners, which also operates out of Connecticut, has purchased Resia Rayzor Ranch, a 322-unit apartment community in the North Texas city of Denton. Built in 2024, Resia Rayzor Ranch consists of two buildings on a 3.1-acre site. Units come in one-, two- and three-bedroom floor plans and have an average size of 792 square feet. Amenities include a pool, fitness center, pickleball and basketball courts, outdoor grilling and dining stations, coworking space and package lockers. Miami-based Resia previously owned the property, which was acquired as part of a two-property portfolio deal that included a 573-unit community in Houston. Jamie Leachman and Carter Wroblewski of JLL arranged acquisition financing for the deal through Oaktree Capital Management.

October 2, 2026

Development Multifamily Texas

Cedarwood Cos. Breaks Ground on 272-Unit Multifamily Project in Celina, Texas

by Taylor Williams October 2, 2026

CELINA, TEXAS — Cedarwood Cos., an Ohio-based developer, has broken ground on Topaz at Light Farms Way, a 272-unit multifamily project in the North Texas city of Celina. The property will offer studio, one- and two-bedroom units, and amenities will include a pool, fitness center, dog park, playground, car care center and access to walking trails and green spaces. Cedarwood’s in-house general contracting team is handling construction of the project. The first residences are expected to be available for occupancy next summer.

October 2, 2026

Acquisitions Multifamily Texas

Partnership Acquires 573-Unit Apartment Community in West Houston

by Taylor Williams October 1, 2026

HOUSTON — A partnership between Connecticut-based Spirit Investment Partners and Strategic Value Partners, which also operates out of Connecticut, has purchased Resia Ten Oaks, a 573-unit apartment community in West Houston. Built in 2024, the property offers one-, two- and three-bedroom units that according to Apartments.com range in size from 608 to 1,033 square feet. Amenities include a pool, fitness center, playground and a clubhouse. Jamie Leachman and Carter Wroblewski of JLL arranged acquisition financing for the deal through Oaktree Capital Management. The seller was Miami-based Resia. The new ownership has since rebranded the property.

October 1, 2026

Industrial Loans Self-Storage Texas

Talonvest Capital Arranges $47.7M Permanent Loan for Texas Self-Storage Portfolio

by Taylor Williams October 1, 2026

NEWPORT BEACH, CALIF. — Talonvest Capital, a California-based intermediary, has arranged a $47.7 million permanent loan for a portfolio of six self-storage facilities in Texas. The number of units was not disclosed, but the portfolio spans more than 600,000 net rentable square feet. The facilities are located in Austin, McKinney, Frisco, Houston and Bee Cave. The borrower was a partnership between The Jenkins Organization, a Houston-based owner-operator, and Kansas-based Clark Investment Group The direct lender was not disclosed.

October 1, 2026

Acquisitions Retail Texas

Rockspring Properties Negotiates Sale of 145,546 SF Grocery Store Portfolio in Houston

by Taylor Williams October 1, 2026

HOUSTON — Brokerage firm Rockspring Properties has negotiated the sale of a portfolio of four grocery stores totaling 145,546 square feet in Houston. Seller Bros. is the owner and occupant of the stores, three of which are located in Houston proper and one of which is located in the eastern suburb of Pasadena. The buyer was Reliable Properties. Cotton Munson, Mike Axelrad and Aimee Namakarn of Rockspring Properties brokered the deal.

October 1, 2026

Industrial Leasing Activity Texas

Joby Aviation Signs 45,000 SF Industrial Lease in Haslet, Texas

by Taylor Williams October 1, 2026

HASLET, TEXAS — Joby Aviation Inc. (NYSE: JOBY), a manufacturer of eVTOL (electric vertical take-off and landing) aircraft for commercial passenger transportation, has signed a 45,000-square-foot industrial lease in Haslet, located north of Fort Worth. The space is located within Alliance Air Trade Center, which is part of Perot Field Fort Worth Alliance Airport. No third-party brokers were involved in the lease negotiations.

October 1, 2026

InterFace-Houston-Industrial-Design-Construction-Panel

Conference Coverage Industrial Market Reports Texas Texas Market Reports

InterFace Panel: Houston Industrial Market Battles Labor, Timing Issues as Data Center, Advanced Manufacturing Projects Grow

by Taylor Williams October 1, 2026

By Taylor Williams New development within the Houston industrial market is increasingly skewing toward data centers and advanced manufacturing projects, creating new hurdles for architectural, engineering and contracting (AEC) teams to overcome in terms of labor and timing. At the annual InterFace Houston Industrial conference that took place in late August at The Briar Club and was attended by more than 200 industry professionals, Jason Cooper, president at Houston-based general contractor Arch-Con Corp., immediately cited both of these issues when asked about the biggest challenges the industry faces today. Braylie Manson, business development associate in the Houston office of Texas-based engineering firm Dunaway, moderated the conference’s design and construction panel. “The most difficult thing of the past year, excluding the past month or so, has been getting highly qualified subcontractors on board that can keep the schedules that are expected,” said Cooper. “Schedules keep accelerating; we have to turn these projects over faster and faster, so [as general contractors], we have to be very selective about which subcontractors we use to avoid delays.” Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about …

October 1, 2026

Development Industrial Texas

Cadence McShane Completes 75,000 SF Industrial Project in Kyle, Texas

by Taylor Williams September 30, 2026

KYLE, TEXAS — General contractor Cadence McShane has completed a 75,000-square-foot industrial project in Kyle, a southern suburb of Austin. Designed by Studio 8 Architects and developed by TIG Real Estate Services, the project represents Phase I of a41-acre development known as Kyle Technology Park and consists of three 25,000-square-foot buildings. The buildings feature 35-foot clear heights and were designed to accommodate multiple users. Kyle Technology Park is ultimately planned to encompass 11 buildings totaling approximately 300,000 square feet.

September 30, 2026

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