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AcquisitionsMultifamilyTexas

Franklin Street Negotiates Sale of 138-Unit Multifamily Property in Southwest Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Tampa-based brokerage firm Franklin Street has negotiated the sale of The Reserve on Willow Lake, a 138-unit multifamily property in southwest Fort Worth. Built in 1996, the property offers two- and three-bedroom apartments, as well as townhomes. Amenities include a pool, fitness center and a business center. Tyler Bynum and Jack Williams of Franklin Street represented the seller, California-based investment firm The Paskin Group, in the transaction. The buyer was Dallas-based private equity firm Willowood Group.

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DevelopmentMultifamilyStudent HousingTexas

Adolfson & Peterson Completes Renovation of Residence Hall at University of Texas San Antonio

by Taylor Williams

SAN ANTONIO — General contractor Adolfson & Peterson Construction (AP) has completed the renovation of Chisholm Hall, located on the University of Texas at San Antonio (UTSA) campus. The number of beds was not disclosed, but 267 rooms were impacted. The 120,860-square-foot residence hall features two fully furnished layout options, including double- and triple-occupancy rooms. Designed by Chesney Morales Architects, the renovation featured modernized building systems, upgraded resident bathroom vanity areas, newly installed acoustical ceilings and lighting and new mechanical unit ventilators and hallway ductwork.

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IndustrialLoansSelf-StorageTexas

MMCC Arranges $8.2M Loan for Refinancing of Self-Storage Facility in DeSoto, Texas

by Taylor Williams

DESOTO, TEXAS — Marcus & Millichap Capital Corp. (MMCC) has arranged an $8.2 million loan for the refinancing of Grizzly Self Storage, located in DeSoto, a southern suburb of Dallas. The number of units was not disclosed, but Grizzly Self Storage spans 132,265 net rentable square feet and offers both personal and commercial storage spaces. Doug Brooks of MMCC arranged the 10-year loan on behalf of the undisclosed borrower. The direct lender was also not disclosed.

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AcquisitionsIndustrialTexas

Marcus & Millichap Brokers Sale of 12,000 SF Industrial Building in Midland, Texas

by Taylor Williams

MIDLAND, TEXAS — Marcus & Millichap has brokered the sale of a 12,000-square-foot industrial building in the West Texas city of Midland. The single-tenant building was constructed on 6.6 acres in 2019 and was fully leased at the time of sale to water transfer equipment and services provider Coastal Production Systems. Davis Cagle, Chase Beasley and Adam Abushagur of Marcus & Millichap represented the undisclosed seller in the transaction. The undisclosed buyer acquired the building via a 1031 exchange.

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AcquisitionsOfficeTexasTop Stories

Canyon Creek Acquires One Eleven Congress Office Tower in Downtown Austin for $208M

by Abby Cox

AUSTIN, TEXAS — Canyon Creek Real Estate has acquired One Eleven Congress, a 533,711-square-foot office tower located in downtown Austin, for $208 million. Eastdil Secured Savills represented the seller, Atlanta-based Cousins Properties (NYSE: CUZ), in the transaction. “One Eleven Congress is a well-established and highly regarded property that provides Canyon Creek with an exceptional entry into the Austin market,” says Ron Welborn, partner at Canyon Creek. “We are excited to build upon the property’s strong reputation by enhancing the tenant experience and creating an environment that continues to meet the evolving needs of both existing and future tenants.” Built in 1987, One Eleven Congress is a 30-story building that’s situated at the gateway between Austin’s Central Business District and the Lady Bird Lake waterfront. According to the Austin Business Journal, the office tower was 84 percent leased as of June 2025, with tenants including RigUp, Disco, Husch Blackwell LLP and Wells Fargo. The building also features Fareground, a ground-floor food hall with restaurants such as Austin Rotisserie, Ciccio Bomba, Desnudo, Four Brothers and Taco Pegas, among others. ELM Restaurant Group managed Fareground upon its initial opening in January; Richard Sandoval Hospitality took over management after the September 2021 opening.  Additional amenities …

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Woodbranch-Plaza-Houston
DevelopmentOfficeTexasUncategorized

Stena Real Estate to Renovate 580,558 SF Office Campus in Houston’s Energy Corridor

by Taylor Williams

HOUSTON — Stena Real Estate AB, the American ownership arm of Swedish investment company Stena Property, will renovate Woodbranch Plaza, a 580,558-square-foot office campus located in the Energy Corridor submarket of West Houston. Woodbranch Plaza is a four-building campus that offers amenities such as a fitness center, conference facilities and a deli. As part of the capital improvement program, ownership plans to activate additional shared amenity spaces and upgrade the lobby, common areas and restrooms, as well as enhance the landscaping and other outdoor green spaces. Stena, which has tapped Transwestern as the property’s new leasing agency, is also in the process of constructing speculative office suites.

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AcquisitionsOfficeTexas

Newmark Brokers Sale of 376,259 SF Office Campus in North Dallas

by Taylor Williams

DALLAS — Newmark has brokered the sale of Tollway Plaza, a 376,259-square-foot office campus located at 16000 Dallas Parkway in North Dallas. The campus comprises two eight-story buildings on a 7.4-acre site that were constructed in the late 1990s. The campus was 91 percent leased at the time of sale to a tenant roster with a weighted average remaining lease term of 5.5 years. Robert Hill, Gary Carr, Chris Murphy and Austin Sheahan of Newmark represented the seller, Buchanan Street Partners, in the deal. Chris McColpin, Nick Scribani, Clint Frease, Andrew Porteous and Josh Francis, also with Newmark, arranged acquisition financing for the deal on behalf of the buyer, a partnership led by Tourmaline Capital Partners.

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DevelopmentIndustrialTexas

Foundry Commercial Underway on 13-Acre IOS Facility in Hutchins, Texas

by Taylor Williams

HUTCHINS, TEXAS — Orlando-based owner-operator Foundry Commercial is underway on construction for Wintergreen Gardens, a 13-acre industrial outdoor storage (IOS) facility in Hutchins, a southeastern suburb of Dallas. Wintergreen Yards will feature 9 acres of concrete-paved outdoor storage space along with two tilt-wall industrial buildings totaling 25,000 square feet. Construction began earlier this summer, and delivery is slated for the first quarter of 2027.

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IndustrialLeasing ActivityLee & AssociatesTexas

Lee & Associates Negotiates 26,600 SF Industrial Lease in Northwest Dallas

by Taylor Williams

DALLAS — Lee & Associates has negotiated a 26,600-square-foot  industrial lease in northwest Dallas. According to LoopNet Inc., the building at 616-626 W. Mockingbird Lane was completed in 1978 and totals 46,400 square feet. Stephen Williamson of Lee & Associates represented the landlord, Brookfield Asset Management, in the lease negotiations. Nick Melbye of NAI Robert Lynn represented the tenant, an entity doing business as Render Collective LLC.

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The office sector showed its strongest performance since COVID in the second quarter of 2026, according to the Lee & Associates’ 2026 Q2 North America Market Report.
AcquisitionsContent PartnerDevelopmentFeaturesIndustrialLeasing ActivityLee & AssociatesLoansMidwestMultifamilyNortheastOfficeRetailSoutheastTexasWestern

Lee & Associates’ Q2 Report: Office, Retail Markets Gain Momentum as Industrial, Multifamily Face Headwinds

by Sarah Daniels

The Lee & Associates’ 2026 Q2 North America Market Report finds that commercial real estate fundamentals are improving, but the pace of recovery varies significantly by property type and market. Office and retail sectors are showing renewed momentum, industrial demand continues to recover unevenly amid trade uncertainty and multifamily fundamentals are stabilizing as new supply begins to moderate. Across all sectors, investors and occupiers remain highly selective in an evolving market. Sponsored: Download Lee & Associates’ 2026 Q2 North America Market Report. Industrial Overview: Recovering Demand Is Uneven Amid Trade Tensions Demand for North American industrial space in the second quarter continued to recover from slowing caused by heightened trade uncertainties that began early last year. Modest tenant expansion in the United States remains well off pre-COVID average growth. In the United States, 44.4 million square feet of net absorption in the second quarter brought the mid-year total to 77.1 million square feet, about 30 percent less than the pre-pandemic five-year average. First-half deliveries fell to 93 million square feet, which included 44.4 million square feet in the first quarter — the least in seven years. Although supply additions have moderated, the pullback in tenant demand over the past three years …

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