Texas Archives - REBusinessOnline

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

Taylor Williams — Fri, 02 Oct 2026 15:31:56 +0000

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.

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

Taylor Williams — Fri, 02 Oct 2026 15:28:36 +0000

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.

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Partnership Acquires 322-Unit Apartment Community in Denton, Texas

Taylor Williams — Fri, 02 Oct 2026 15:17:25 +0000

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.

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

Taylor Williams — Fri, 02 Oct 2026 15:07:44 +0000

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.

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Partnership Acquires 573-Unit Apartment Community in West Houston

Taylor Williams — Thu, 01 Oct 2026 15:13:09 +0000

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.

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

Taylor Williams — Thu, 01 Oct 2026 15:07:11 +0000

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.

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

Taylor Williams — Thu, 01 Oct 2026 15:00:44 +0000

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.

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

Taylor Williams — Thu, 01 Oct 2026 14:54:17 +0000

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.

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

Taylor Williams — Thu, 01 Oct 2026 11:50:00 +0000

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…

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

Taylor Williams — Wed, 30 Sep 2026 14:19:00 +0000

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.

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Avatar Financial Provides $3.9M Bridge Loan for Metro Houston Hotel

Taylor Williams — Wed, 30 Sep 2026 14:13:27 +0000

RICHMOND, TEXAS — Seattle-based lender Avatar Financial Group has provided a $3.9 million bridge loan for the 80-room Fairfield Inn & Suites byMarriott hotel in Richmond, a southwestern suburb of Houston. The three-story, limited-service hotel was built on 2.5 acres in 2020 and offers amenities such as an outdoor pool, fitness center, business center and a sundries shop. The borrower, an entity doing business as Epic Hotel Investors LLC, recently acquired the hotel from its original developer and will use a portion of the loan proceeds to fund capital improvements.

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Neveon USA Signs 59,000 SF Industrial Lease Renewal, Expansion in Northeast Fort Worth

Taylor Williams — Wed, 30 Sep 2026 14:10:04 +0000

FORT WORTH, TEXAS — Neveon USA, a provider of upholstery, foam and insulation products, has signed a 59,000-square-foot industrial lease renewal and expansion in northeast Fort Worth. The space is located within Riverbend Business Park, a 32-building, 1.4 million-square-foot development. Grayson Fleitz and Matt Carthey of Holt Lunsford Commercial represented the landlord, Riverbend Properties, in the lease negotiations. The tenant representative was not disclosed, but Newmark represented Neveon in its previous lease for 50,000 square feet at the property in 2023.

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Dhanani Private Equity Group Welcomes New Tenants to San Antonio Shopping Center

Taylor Williams — Wed, 30 Sep 2026 14:06:30 +0000

SAN ANTONIO — Dhanani Private Equity Group, a Houston-based owner-operator, has welcomed several new tenants to the 635,000-square-foot Park North Shopping Center in San Antonio. The deals include leases with Cajun seafood restaurant Surfing Crab (5,200 square feet); Mexican restaurant and bar Panfila Cantina (5,000 square feet); and a 2,000-square-foot expansion for Escapology Escape Room. Taroko Sports, Hummus Republic, ArTea Café, Pet Supplies Plus and Oyin by Mulberry Prime will also soon open at the center. Vicki Adelstein of Partners Real Estate represented the landlord in all lease negotiations.

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Partnership to Develop 225,000 SF Office Project in Allen, Texas

Taylor Williams — Tue, 29 Sep 2026 15:07:58 +0000

ALLEN, TEXAS — A partnership between two local real estate companies, developer KDC and investment and operations group Pillar Commercial, will develop One Bethany North, a 225,000-square-foot office project that will be located in the northeastern Dallas suburb of Allen. The nine-story building will be situated within the Watters Creek mixed-use development and will include pickleball courts, putting greens and other outdoor gathering spaces, as well as a 3,500-square-foot restaurant. A tentative construction timeline was not disclosed.

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37th Parallel Acquires 222-Unit Apartment Complex in Sachse, Texas

Taylor Williams — Tue, 29 Sep 2026 14:50:40 +0000

SACHSE, TEXAS — Virginia-based investment firm 37th Parallel Properties has acquired Woodbridge Villas, a 222-unit apartment complex in Sachse, a northeastern suburb of Dallas. Built on 10.5 acres in 2002, Woodbridge Villas features one-, two- and three-bedroom units with an average size of 875 square feet across 11 residential buildings. Amenities include a pool, fitness center, clubhouse, business center, outdoor grilling and dining stations and a pet park. The seller and sales price were not disclosed.

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JLL Negotiates Sale of Shopping Center in Northwest Austin

Taylor Williams — Tue, 29 Sep 2026 14:47:18 +0000

AUSTIN, TEXAS — JLL has negotiated the sale of Casis Village, a shopping center in northwest Austin’s Tarrytown neighborhood. The square footage was not disclosed, but the site spans 3.4 acres. Grocer Randalls anchors the center, which was 92 percent leased at the time of sale. Other tenants include Estilo Boutique, Starbucks, Tarrytown Pharmacy, Zed’s and Face Foundrie. Chris Gerard and Shea Petrick of JLL represented the seller, a joint venture between Ivy Cos. and 35 South Capital. The name of the buyer was not disclosed.

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Wells Fargo Signs 20,560 SF Office Lease Renewal in Southwest Austin

Taylor Williams — Tue, 29 Sep 2026 14:45:45 +0000

AUSTIN, TEXAS — Wells Fargo has signed a 20,560-square-foot office lease renewal in southwest Austin. The space is located within Building I at Uplands Corporate Center. Jake Ragusa and Luke Gholston of JLL represented Wells Fargo in the lease negotiations. Matt Frizzell of Cushman & Wakefield represented the landlord, California-based Drawbridge Realty.

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Marcus & Millichap Brokers Sale of 214-Unit Apartment Complex in Killeen, Texas

Taylor Williams — Mon, 28 Sep 2026 14:18:42 +0000

KILLEEN, TEXAS — Marcus & Millichap has brokered the sale of Copper Mountain, a 214-unit apartment complex located in the Central Texas city of Killeen. Built on 8.7 acres in 1985, Copper Mountain offers studio, one- and two-bedroom units and amenities such as a pool, fitness center, business center, playground, basketball and volleyball courts, a pet park and outdoor grilling and dining stations. Alec Schenk, Nick Fluellen, Bard Hoover, Peter Flis and John McGregor of Marcus & Millichap represented the seller, a California-based investor, in the transaction and procured the buyer, a New York-based family office that purchased the property via a 1031 exchange.

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JLL Negotiates Sale of 179,376 SF Shopping Center in Southwest Fort Worth

Taylor Williams — Mon, 28 Sep 2026 14:10:01 +0000

FORT WORTH, TEXAS — JLL has negotiated the sale of Village at Camp Bowie, a 179,376-square-foot shopping center in Fort Worth. Sprouts Farmers Market anchors the center, which is located on the city’s southwest side. Adam Howells, Chris Gerard, Michael Jankovich and Elizabeth Anne Casillas of JLL represented the seller, Dallas-based Dunhill Partners, in the transaction. EDENS, a regional retail owner-operator based in South Carolina, purchased Village at Camp Bowie for an undisclosed price.

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Rehrig Pacific Signs 127,789 SF Industrial Lease Renewal in Northwest Dallas

Taylor Williams — Mon, 28 Sep 2026 14:05:09 +0000

DALLAS — Rehrig Pacific Co. has signed a 127,789-square-foot industrial lease renewal in northwest Dallas. The provider of pallets, waste and recycling containers will remain a tenant at the building at 625 Mockingbird Lane. Jim Hazard of Cresa represented the tenant in the lease negotiations. Canon Shoults and Maddy Coffman of Holt Lunsford Commercial represented the landlord.

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