Texas

Broe Real Estate Group Acquires 22-Story Apartment Tower in Uptown Dallas

by Hayden Spiess November 12, 2026

DALLAS — Broe Real Estate Group has acquired Maple Terrace Residences, a 22-story, 345-unit apartment tower in Uptown Dallas. A partnership between Houston-based Hines, Mitsui Fudosan American and McNair Interests developed the building, which opened in 2024. Maple Terrace Residences is part of a larger mixed-use development that is an adaptive reuse project of historic buildings along Maple Avenue. Units come in studio, one-, and two-bedroom floor plans and include penthouse offerings. Amenities include a pool, library and lounge, fitness center, clubroom with a kitchen, media and gaming lounge, a secret garden, dog park and concierge services. JLL brokered the sale of the property. The sales price was not disclosed.

November 12, 2026

Development Industrial Texas

Joint Venture to Develop 749,016 SF Industrial Project Near Houston Airport

by Taylor Williams November 12, 2026

HOUSTON — A joint venture between two Houston-based groups, Transwestern Investments and Hanover Co., will develop Rankin 59, a 749,016-square-foot industrial project in North Houston. The site is located at the corner of Rankin Road and U.S. Highway 59/I-69, adjacent to George Bush Intercontinental Airport. The development will consist of a single cross-dock facility with 40-foot clear heights, 130- to 185-foot truck court depths, 106 dock doors and parking for 429 cars and 140 trailers. Construction is expected to begin in January and to last about 12 months.

November 12, 2026

Acquisitions Office Texas

Granite Properties Sells 215,111 SF Office Building in Dallas’ West End District

by Taylor Williams November 12, 2026

DALLAS — Granite Properties has sold Factory Six03, a 215,111-square-foot office building in the West End area of Dallas. Granite opened FactorySix03 in 2017 as a redevelopment of a 114-year-old historic building that originally housed the headquarters of the Brown Cracker and Candy Co. and subsequently served as a warehouse, marketplace and movie theater. Today, the building is 78 percent leased, with Sam’s Club and Blue Cross Blue Shield serving as the anchors. Todd Savage, Russell Ingrum, Jared Chua, Kelsey Shebay, Matt Murphy, Cole Sutter and Kiana Nemati of Cushman & Wakefield represented Granite in the transaction. The buyer was Houston-based investment firm The Deal Company (DealCo.)

November 12, 2026

Leasing Activity Office Texas

Cushman & Wakefield Negotiates Two Office Leases Totaling 20,155 SF in Downtown Dallas

by Taylor Williams November 12, 2026

DALLAS — Cushman & Wakefield has negotiated two office leases totaling 20,155 square feet at 400 Record St. in downtown Dallas. The deals are for a 13,447-square-foot renewal with Republic Property Group and a 6,708-square-foot new lease with the Dallas Economic Development Corp. Rodney Helm and Matt Schendle of Cushman & Wakefield represented the landlord, Labora, in both sets of lease negotiations. Robert Blount and Hudson Woods of CBRE and Sharon Morrison and Chelby Sanders of Cresa represented the tenants, respectively.

November 12, 2026

Development Multifamily Texas Top Stories

Genesis Real Estate Completes 54-Story Apartment Tower in Downtown Austin

by Taylor Williams November 12, 2026

AUSTIN, TEXAS — Genesis Real Estate Group has completed The Travis, a 54-story apartment tower located at 80 Red River St. in downtown Austin’s Rainey Street district. Designed by KTGY, The Travis features 423 apartments in studio, one-, two- and three-bedroom floor plans and includes penthouse offerings. Residences are furnished with quartz surfaces, floor-to-ceiling windows, chef-inspired kitchens and individual washers and dryers, with private balconies/patios available in select residences. Rents start at roughly $3,000 per month for a studio apartment. Amenities include a pool, fitness center, coworking lounge, game room, podcast studio, a dog spa and direct access to Lady Bird Lake. The building also houses a 550-space parking garage. Austin-American Statesman reports that Desnudo Coffee will open its fifth location at The Travis. Founded in 1987, Richardson, Texas-based Genesis Real Estate Group is a national multifamily development firm whose principals have more than 100 years of real estate experience and have developed over $750 million in projects. — Taylor Williams

November 12, 2026

Healthcare Market Reports Texas Texas Market Reports

Rising Rates, Split Market: How Higher Interest Rates Are Reshaping The Texas Medical Office Market

by Taylor Williams November 12, 2026

By Ryan McCullough, partner, managing director, Austin, Partners Real Estate Dating back to mid-August, the 10-year Treasury yield rose about 65 basis points to 5.29 percent in early October before slipping back below 5 percent toward the end of the month. That move has widened the gap between how the Texas medical office market prices perceived safety and perceived risk. Early in 2026, deals with perceived safety, such as those with national tenants on long-term leases, traded at staggeringly low cap rates that didn’t align with market debt. With all-in interest rates at 5.75 to 6.25 percent, we saw cap rates at or below those numbers. On market terms for amortization and down payment, the loan constant on that debt is close to 8 percent. The debt service could never meet coverage requirements, yet those deals kept trading. Deals with perceived risk, such as those with short-term leases with local or regional tenants, traded in the mid-7-percent cap range. That pricing reflected current debt and the adjustments sellers needed to make to meet the market. Those cap rates have kept rising, and buyers are getting more aggressive in what they ask for. Now debt has risen to nearly 7 percent, …

November 12, 2026

Patrick Strake Franklin Street multifamily Texas quote

Content Partner Features Multifamily Texas

The Loan, the Neighbor and the Timeline: What Texas Apartment Owners Should Know Before They Sell

by Sarah Daniels November 12, 2026

Major multifamily markets in Texas, beleaguered by an onslaught of supply as developers chased new renters moving to the state during the COVID pandemic, are beginning to see signs of recovery. But it’s one that looks dramatically different not only between cities, but also from one submarket to the next. Rents are roughly flat in Dallas and remain below year-ago levels in Austin, Houston and San Antonio after two to three years of decline, says Patrick Strake, managing director with Franklin Street. And depending on the submarket, apartment renters are jockeying for, and receiving, significant concession packages relative to the rest of the United States, he adds. According to the Federal Reserve Bank of Dallas, those include six to eight weeks of free rent (and as much as 10 to 12 weeks in some submarkets). “Texas is still going to be a great spot for capital for years to come, given its job growth and business-friendly nature,” adds Strake, who is based in Austin and leads Team Texas, the firm’s statewide multifamily investment sales platform. “But right now, equity is being highly selective, because the four big metros are coming out of a supply wave on four different timelines.” Hardest …

November 12, 2026

Data Centers Development Industrial Texas

Amazon to Open Data Center Campus in Glen Rose, Texas, Create 550 Jobs

by Taylor Williams November 11, 2026

GLEN ROSE, TEXAS — Amazon plans to open a data center campus in Glen Rose, about 55 miles southwest of Fort Worth, an initiative that the Seattle-based conglomerate says will create about 550 new full-time jobs. The acreage of the site and total power capacity of the campus were not disclosed, but Data Center Dynamics reported earlier this year that according to a tax abatement application filed by Amazon, the project “could total up to 18 two-story buildings across some 435 acres and some $5 billion invested.” Those figures were also reported by Crypto Briefing in early November, at which time that outlet also reported that the campus would be known as Project Spectrum and was tied to a power purchase agreement of up to 1,200 megawatts.

November 11, 2026

Development Healthcare Texas

Baylor Scott & White Provides Updates on $240M Healthcare Expansion Project in Waxahachie, Texas

by Taylor Williams November 11, 2026

WAXAHACHIE, TEXAS — Baylor Scott & White has provided updates on a $240 million healthcare expansion project in Waxahachie, a southern suburb of Dallas. Baylor Scott & White Medical Center – Waxahachie is a 52-acre campus that opened in 2014, and construction is now complete on a six-story inpatient building that represents the largest phase of the broader expansion project. The new building increases the facility’s licensed bed count from 140 to 199 and features an intensive care unit, surgery department and an expanded emergency department. Project partners included architect HKS, general contractor Whiting-Turner and Henderson Engineers. Construction of the new building began in spring 2024.

November 11, 2026

Development Industrial Texas

HLCI Breaks Ground on 191,768 SF Industrial Project in Northwest Houston

by Taylor Williams November 11, 2026

HOUSTON — Holt Lunsford Commercial Investments (HLCI), the investment and development arm of the Dallas-based brokerage firm of the same name, has broken ground on The Bend at 249, a 191,768-square-foot industrial project in northwest Houston. The site spans 14.4 acres along State Highway 249, and the development will consist of a single rear-load building with 36-foot clear heights, drive-in ramps with oversized doors, 44 dock-high doors and 61 trailer parking stalls. HLCI has tapped CBRE to market the project for lease. Construction is expected to be complete in the second quarter of next year.

November 11, 2026

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