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JLL, Stream Broker Sale of 285,682 SF Office Building in Houston’s Energy Corridor

Taylor Williams — Thu, 22 Jan 2026 15:25:41 +0000

HOUSTON — JLL and Stream Realty Partners have co-brokered the sale of Kirkwood Tower, a 285,682-square-foot office building located in the Energy Corridor area of West Houston. The 16-story building, which was originally built in the early 1980s and renovated in 2015, was about 73 percent leased at the time of sale. Amenities include an executive penthouse, fitness center, sauna, wellness room, rooftop jogging track, a lobby bank, tenant lounge and a deli. Rick Goings and Jeff Hollinden of JLL represented the undisclosed seller in the transaction. The duo collaborated with Matthew Asvestas of Stream Realty Partners to represent the buyer, David Z. Mafrige Interests (DZMI). Stream has also been retained as the leasing agent.

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Read King to Redevelop Former Macy’s Department Store at Almeda Mall in South Houston

Taylor Williams — Thu, 22 Jan 2026 15:15:49 +0000

HOUSTON — Local developer Read King will redevelop the former Macy’s store at Almeda Mall in South Houston. Plans currently call for backfilling 65,000 square feet on the first floor of the two-level space with a grocery user. According to the Houston Business Journal, Read King is also in negotiations with fitness and food-and-beverage users for potential occupancy of another 44,000 or so square feet on the second floor. The publication also reports that the remaining upstairs space would likely house utilities due to parking constraints associated with bringing in other users. Construction on the redevelopment is set to begin in the coming weeks.

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Quannah, Trinity to Develop 264,100 SF Industrial Project Near San Antonio

Taylor Williams — Thu, 22 Jan 2026 15:12:51 +0000

CHINA GROVE, TEXAS — A partnership between Denver-based Quannah Partners and Trinity Investors will develop Grove Commerce Center, a 264,100-square-foot industrial project in China Grove, an eastern suburb of San Antonio. The 18.2-acre site is located directly across from H-E-B’s 850-acre regional campus, and the building will feature a front-load configuration, 32-foot clear heights, 185-foot truck court depths and 3,000 square feet of office space. Project partners include Powers Brown Architecture, Pape-Dawson Engineers and Partners Real Estate. Construction is set to begin in the coming days and to last about a year.

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STRIVE Negotiates Sale of 44,950 SF Retail, Office Complex in West Houston

Taylor Williams — Thu, 22 Jan 2026 15:10:01 +0000

HOUSTON — Dallas-based brokerage firm STRIVE has negotiated the sale of Washington Plaza, a 44,950-square-foot retail and office complex in West Houston. Built in 2008, the property was 97 percent leased at the time of sale. Jake Dutson and Michael Hill of STRIVE represented the undisclosed seller — and original developer — of the property, in the transaction. The duo also procured the buyer, Dhanani Private Equity Group.

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Partnership Acquires 360-Unit Birchstone Cedar Ridge Apartments in South Dallas

Taylor Williams — Wed, 21 Jan 2026 16:08:22 +0000

DALLAS — A partnership between multifamily owner-operator Ashcroft Capital and two Chicago-based investment firms Temerity Strategic Partners and Pearlmark, has acquired the Birchstone Cedar Ridge, a 360-unit apartment community in South Dallas. Built in 2024, Birchstone Cedar Ridge features one-, two- and three-bedroom units that range in size from 660 to 1,541 square feet. Amenities include a pool with cabanas, outdoor kitchen and grilling areas, a dog park, fitness center, business center and a community clubhouse. The seller and sales price were not disclosed.

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Cinemark to Undertake $16M Renovation of Metro Houston Movie Theater

Taylor Williams — Wed, 21 Jan 2026 16:02:56 +0000

WEBSTER, TEXAS — Cinemark will undertake a $16 million renovation of its 18-screen theater in Webster, a southeastern suburb of Houston. Plans call for installing a branded Gamescape entertainment space with bowling, arcade games, laser tag and flexible event space, as well as a full-service bar and restaurant. The project will also upgrade the theater’s concession areas and auditoriums. Work is set to begin in February and to be complete in November.

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Petros, Lone Star Provide $3.6M in C-PACE Financing for Denton Industrial Project

Taylor Williams — Wed, 21 Jan 2026 16:01:14 +0000

DENTON, TEXAS — Petros PACE Finance and Lone Star PACE have provided $3.6 million in C-PACE financing for a six-building, 107,000-square-foot industrial project in the North Texas city of Denton. The undisclosed sponsor will use the financing to fund the installation of an energy-efficient building envelope and lighting systems. These measures are projected to reduce the building’s energy usage by 37 percent annually.

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Klepper Industrial Buys 30,000 SF Building in Cedar Park, Texas

Taylor Williams — Wed, 21 Jan 2026 15:47:48 +0000

CEDAR PARK, TEXAS — Local investment firm Klepper Industrial has purchased a 30,000-square-foot building in Cedar Park, a northern suburb of Austin. The structure is known as 1615 Scottsdale Building Two and is currently vacant. Stan Nowak of Partners Real Estate represented the buyer in the transaction. Witt Westbrook of JLL represented the seller, a partnership between BCA Industrial Partners and Growth Capital Partners.

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High Street Residential Breaks Ground on 394-Unit Multifamily Project in Dallas

Taylor Williams — Tue, 20 Jan 2026 15:27:52 +0000

DALLAS — High Street Residential, a subsidiary of Trammell Crow Co., has broken ground on a 394-unit multifamily project in the Highland Park area of Dallas. The project, which has yet to be formally named, is part of a multi-phase conversion of approximately 16 acres of surface parking owned by Dallas Area Rapid Transit (DART). The seven-story building will feature studio, one- and two-bedroom units. Amenities will include a pool, fire pits and grilling stations, a clubroom, fitness center, coworking spaces, dog park and access to the University Crossing hike-and-bike trail system. GFF is the project architect, and Andres Construction is the general contractor. Santander Bank is financing construction, which is slated for a late-2027 completion.

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Colliers Brokers Sale of 55,900 SF Warehouse in North Houston

Taylor Williams — Tue, 20 Jan 2026 15:17:18 +0000

HOUSTON — Colliers has brokered the sale of Humble Commerce Center Building 2, a 55,900-square-foot warehouse located at 17520 Eastex Freeway Road in North Houston. According to LoopNet Inc., the building was constructed on a 2.5-acre site in 2024 and offers 32-foot clear heights, eight dock-high doors and one grade-level door. Robert McGee, Taylor Schmidt and Austin Bartula of Colliers represented the seller, an entity doing business as Urban Eastex LP, in the transaction. Sinem Arikan and Barkley Peschel, also with Colliers, represented the buyer, ELLAXA.

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Finial Group Arranges Sale of 51,892 SF Industrial Complex in Northwest Houston

Taylor Williams — Tue, 20 Jan 2026 15:15:10 +0000

HOUSTON — Locally based brokerage and investment firm Finial Group has arranged the sale of a 51,892-square-foot industrial complex in northwest Houston. According to LoopNet Inc., the multi-building property at 12539 Perry Road was built on 4.7 acres in 1998 and features 31-foot clear heights. Andrew Bischoff and Tyler Holt of Finial Group represented the undisclosed buyer in the transaction. The seller and sales price were also not disclosed.

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Porch Warranty Signs 11,569 SF Office Lease at Assembly Park in Plano, Texas

Taylor Williams — Tue, 20 Jan 2026 15:12:11 +0000

PLANO, TEXAS — Porch Warranty has signed an 11,569-square-foot office lease in Plano. The provider of home protection services is taking space within Assembly Park, a 180,000-square-foot property that is a redevelopment of the former Market Square Mall. Shannon Brown, Julee Amparo and Tommy Nelson of CBRE represented the landlord, Houston-based Triten Real Estate Partners, in the lease negotiations. Clay Vaughn and Olivia McNeel of Savills represented the tenant.

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Texas Retail Owners Lack Incentives To Sell

Taylor Williams — Tue, 20 Jan 2026 12:50:00 +0000

Editor’s note: (As of the publication of this article, Adam Gottschalk is no longer affiliated with STRIVE) By Taylor Williams The industry adage that “every deal is different” has never been an exaggeration or cop-out excuse for explaining trends and transactions — or lack thereof — in commercial real estate. It’s a simple fact that actually speaks to the nuanced, innovative and challenging structures and processes that permeate dealmaking in this business. The expression is especially applicable to investment sales and particularly convenient to invoke in times of rapidly shifting market and economic conditions. Therefore, a quasi-blanket statement that, all other factors behind held equal, Texas retail owners have minimal reason to sell right now must be evaluated in that context. As with any large sample size, there will always be multiple exceptions to the rule, and there will always be deals being brought to market as a function of an owner’s unique personal or capital situation(s). But by and large, outside of those scenarios, sources say that Texas retail owners don’t need to force things. “Unless there’s a life or a capital event — debt coming due or not wanting to add fresh equity to a deal — that…

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JPI Receives Construction Financing for $114M Multifamily Project in Grand Prairie, Texas

Taylor Williams — Mon, 19 Jan 2026 16:07:16 +0000

GRAND PRAIRIE, TEXAS — JPI has received construction financing for Jefferson Southwest Parkway, a multifamily project in Grand Prairie, located roughly midway between Dallas and Fort Worth, that will add 439 units to the local supply. The loan amount(s) was not disclosed, but the project is valued at roughly $114 million. Jefferson Southwest Parkway will offer studio, one-, two- and three-bedroom units and amenities such as a pool, fitness center, dog park and a clubhouse. Anchor Loans, a private lending platform backed by New York City-based alternative investment management firm Pretium, provided the financing. Construction is slated for a 2027 delivery.

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Real Capital Solutions Acquires Office Building in North Dallas for $26.1M

Taylor Williams — Mon, 19 Jan 2026 16:04:35 +0000

DALLAS — Colorado-based investment firm Real Capital Solutions (RCS) has acquired Walnut Glen, a 464,289-square-foot office building in North Dallas, for $26.1 million. The 18-story building, which is situated along North Central Expressway, was roughly 74 percent leased at the time of sale. RCS plans to upgrade the building’s lobby, fitness center and conference center and introduce move-in-ready office suites. Jonathan Napper of JLL brokered the deal. The seller was not disclosed. RCS has also hired Cushman & Wakefield as the leasing agent.

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TMG Negotiates Sale of 386-Unit Apartment Community in Northeast Dallas

Taylor Williams — Mon, 19 Jan 2026 16:00:42 +0000

DALLAS —Locally based brokerage firm The Multifamily Group (TMG) has negotiated the sale of The Lake Lofts, a 386-unit apartment community in northeast Dallas. Built between 1965 and 1969, the property offers studio, one-, two- and three-bedroom units and amenities such as two pools, two children’s play areas, a soccer field, picnic stations and a dog run. Guillermo Gameros of TMG represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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High Point Signs 11,183 SF Office Lease at Assembly Park in Plano, Texas

Taylor Williams — Mon, 19 Jan 2026 15:41:37 +0000

PLANO, TEXAS — High Point has signed an 11,183-square-foot office lease in Plano. The family-owned, Christian travel agency is taking space within Assembly Park, a 180,000-square-foot property that is a redevelopment of the former Market Square Mall. Shannon Brown, Julee Amparo and Tommy Nelson of CBRE represented the landlord, Houston-based Triten Real Estate Partners, in the lease negotiations. Bret Hefton and Mason Graham of JLL represented the tenant.

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Reports: Microsoft Plans $400M Data Center in Castroville, Texas

Taylor Williams — Fri, 16 Jan 2026 16:18:24 +0000

CASTROVILLE, TEXAS — Microsoft plans to open a $400 million data center in Castroville, about 25 miles west of San Antonio, according to reports from multiple news outlets including Data Center Dynamics and My San Antonio. According to the latter publication, which cited a filing with the Texas Department of Licensing & Regulation, the facility will be known as SAT 82 and will span approximately 195,000 square feet. My San Antonio also reported that construction is scheduled to begin in August and to last about two years. In addition, Data Center Dynamics reports that Microsoft has other data center projects in the works in Castroville.

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Inland, Scion Acquire 718-Bed Student Housing Property Near Baylor University in Waco

Taylor Williams — Fri, 16 Jan 2026 16:17:08 +0000

WACO, TEXAS — A partnership between Inland Real Estate Acquisitions LLC and The Scion Group has acquired View on 10th, a 718-bed student housing property located near Baylor University in Waco. View on 10th features 257 units and amenities such as a pool and hot tub, fitness center, business center with private study rooms, clubhouse and lounge and outdoor grilling and dining stations. The partnership acquired the property as part of a larger student housing portfolio deal that included a 622-bed complex in Charlottesville, Va., and a 489-bed property in West Lafayette, Ind. TSB Capital Advisors consulted for the buyers, and TSB Realty represented the undisclosed seller in the portfolio transaction. Walker & Dunlop originated fixed-rate loans for the portfolio through Freddie Mac.

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Forman Capital Provides $37M Construction Loan for Metro Houston Retail Project

Taylor Williams — Fri, 16 Jan 2026 16:05:55 +0000

RICHMOND, TEXAS — Forman Capital, a direct lender based in Florida, has provided a $37 million construction loan for The Oaks of District West, an 87,244-square-foot retail project in the southwestern Houston suburb of Richmond. Developed by Ferguson Family Partners, The Oaks of District West will consist of 10 buildings that are 70 percent preleased, as well as central green space. Tenants that have committed to the project include pickleball concept The PICKLR, Grazia Italian Kitchen, Luckie’s Burger, Pacific Coast Tacos, Virtual Golf Bar and Pecan Jack’s Ice Cream. Daniel Eidson of Concord Summit Capital arranged the debt. Construction is set to begin in the coming weeks and is expected to be complete by mid- to late 2027.

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