Texas

TDC Completes 858,600 SF Industrial Project in Northeast Houston

by Taylor Williams February 20, 2026

HOUSTON — Transwestern Development Co. (TDC) has completed East Belt Logistics Park, an 858,600-square-foot industrial project that is located along Beltway 8 in northeast Houston. East Belt Logistics Center consists of two buildings that span 591,560 and 267,040 square feet, both of which feature cross-dock configurations and 3,000 square feet of office space. The larger building offers 40-foot clear heights, and the smaller building offers 36-foot clear heights. Transwestern is also the leasing agent for East Belt Logistics Park.

February 20, 2026

Acquisitions Office Texas

JLL Negotiates Sale of 137,000 SF Office Building in West Houston

by Taylor Williams February 20, 2026

HOUSTON — JLL has negotiated the sale of a 137,000-square-foot office building located at 1400 Ravello Drive in West Houston. Built on 6.8 acres in 2009 and renovated in 2015, the two-story building was sold fully vacant after the sole tenant, which had occupied the building since completion, vacated the space in December 2025. Rick Goings and Kevin McConn of JLL represented the seller, a lending institution, in the transaction. The buyer was a joint venture between a local investor and a medical user that plans to occupy a large portion of the premises. All parties requested anonymity.

February 20, 2026

Data Centers Development Industrial Texas

Edged U.S. to Open New Data Center Facility at Irving Campus

by Taylor Williams February 20, 2026

IRVING, TEXAS — Data center owner-operator Edged U.S. will open a new facility at its Irving campus. The square footage of the new building was not announced, but the facility, which will be known as Edged Dallas 2, will be located along North Wildwood Drive and will have a power capacity of 24 megawatts. Construction is scheduled to begin during the second quarter and to be complete in fall 2027. The first data center at the Edged Dallas campus opened in January 2025.

February 20, 2026

Acquisitions Retail Texas

SRS Brokers Sale of 11,049 SF Retail Strip Center in Northwest Austin

by Taylor Williams February 20, 2026

AUSTIN, TEXAS — SRS Real Estate Partners has brokered the sale of Woodland Place, an 11,049-square-foot retail strip center in northwest Austin. The center was built in 2016 and was fully leased at the time of sale to three tenants: Austin Family Orthodontics, Austin Children’s Dentistry and Firehouse Animal Health Center. Cathy Nabours, Kyle Shaffer and Sam Nichols of SRS represented the seller, an Austin-based developer, in the transaction. The buyer was a Los Angeles-based private investor. Both parties requested anonymity.

February 20, 2026

Acquisitions California Industrial Tennessee Texas Top Stories Utah

Cushman & Wakefield Arranges Sale of 1.6 MSF National Industrial Portfolio

by Abby Cox February 20, 2026

DALLAS — Cushman & Wakefield has arranged the sale of a national portfolio of seven industrial buildings totaling 1.6 million square feet. The buildings are located across Texas, California, Utah and Tennessee. An unnamed institutional owner purchased the portfolio. The seller and sales price were not also not disclosed. Properties in the recently acquired industrial portfolio include Valwood A (201,354 square feet), Valwood C (134,266 square feet) and Valwood D (127,620 square feet) in Carrollton, Texas (part of the Dallas MSA); Chino Distribution Center (409,930 square feet) in Chino, Calif.; Salt Lake Distribution Center I (190,000 square feet) and Salt Lake Distribution Center II (190,000 square feet) in Salt Lake City; and Elam Farms Distribution Center II (363,500 square feet) in Murfreesboro, Tenn. The buildings were constructed in the mid-2000s and were collectively 97 percent leased at the time of sale to a mix of national and regional tenants. The properties feature ESFR fire sprinkler systems, average clear heights of 30 feet, expansive truck courts, concrete tilt-up construction and ample parking. The national industrial advisory group at Cushman & Wakefield that arranged the sale consisted of Jim Carpenter, Adam Pastor, Robby Rieke, Emily Brandt, Jeff Chiate and Casey Masters. “This transaction …

February 20, 2026

Development Industrial Texas

Hillwood to Develop 1.2 MSF Spec Industrial Building in North Fort Worth

by Taylor Williams February 19, 2026

FORT WORTH, TEXAS — Hillwood will develop Alliance Westport 12, a 1.2 million-square-foot speculative industrial building that will be located on the developer’s 27,000-acre AllianceTexas campus in North Fort Worth. The cross-dock building will feature 40-foot clear heights, 70-foot loading bays, 190-foot truck court depths and 278 trailer parking spaces (expandable to 569). GSR Andrade is the project architect, and Westwood Professional Services is the civil engineer. Bank of America is financing construction of the project, which is scheduled to begin before the end of the month and to be complete in 2027.

February 19, 2026

Development Loans Multifamily Texas

HSF Provides $37M Construction Loan for South Houston Multifamily Project

by Taylor Williams February 19, 2026

HOUSTON — HALL Structured Finance (HSF) has provided a $37 million construction loan for Orem Circle Apartments, a 270-unit multifamily project that will be located in South Houston. Orem Circle will consist of six three-story residential buildings. Units will have an average size of 901 square feet, and amenities will include a pool, fitness center, business center and a resident clubhouse. Asher Bittman of Chicago-based Sheridan Capital Partners arranged the loan on behalf of the borrower, Houston-based developer Texas Group. Completion is slated for fall 2027.

February 19, 2026

Affordable Housing Development Multifamily Texas

Blackstone Affiliate Completes Renovation of 204-Unit Affordable Housing Project in South Dallas

by Taylor Williams February 19, 2026

DALLAS — April Housing, the affordable housing arm of Blackstone Real Estate, has completed the renovation of West Virginia Park Apartments in South Dallas. The 204-unit affordable housing complex was originally built in 2004 and offers one-, two- and three-bedroom units, as well as a clubhouse, fitness center and a pool. The renovation delivered new fixtures, lighting and appliances to all units’ kitchens and bathrooms, as well as upgraded amenity spaces and modernized building systems. April Housing partnered with the Dallas Housing Finance Corp. and PNC Bank on the project.

February 19, 2026

Development Hospitality Texas

Matthews Hospitality Underway on Renovation of 76-Room Hotel Near Downtown Dallas

by Taylor Williams February 19, 2026

DALLAS — Matthews Hospitality, a division of locally based developer Matthews, is underway on the renovation of a 76-room boutique hotel near downtown Dallas. The CANVAS Hotel Dallas is located within the former Sears Building in The Cedars historic dstrict, just south of downtown. The renovation will involve updating the bedding, furniture and other design aspects of each guestroom and is expected to be complete this winter. The project team includes master architect B2 Design Co. and interior design firm Scout Design Studio.

February 19, 2026

Acquisitions Office 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

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