Texas

Platte Canyon Capital Buys 268-Unit Allure Apartments in San Antonio, Plans $4.7M Renovation

by Taylor Williams July 31, 2025

SAN ANTONIO — Denver-based investment firm Platte Canyon Capital has purchased Allure Apartments, a 268-unit multifamily complex in San Antonio. The property was developed in phases on an 11.5-acre site on the city’s west side, with the first 116 units constructed in 1984 and another 152 delivered in 2017. Units come in one-, two- and three-bedroom floor plans. Amenities include a pool, fitness center, clubhouse, playground and grilling areas. Platte Canyon acquired Allure Apartments in partnership with an unnamed, Los Angeles-based institutional investment company in an off-market transaction. The new ownership plans to invest about $4.7 million in capital improvements to the property.

July 31, 2025

Acquisitions Retail Texas

Marcus & Millichap Brokers Sale of 39,618 SF Shopping Center in Carrollton, Texas

by Taylor Williams July 31, 2025

CARROLLTON, TEXAS — Marcus & Millichap has brokered the sale of Keller Springs Village, a 39,618-square-foot shopping center located in the northern Dallas metro of Carrollton. The 17-suite center sits on a 3.2-acre site at 2155 Marsh Lane and was fully leased at the time of sale to a mix of service-oriented tenants. Philip Levy of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

July 31, 2025

Industrial Leasing Activity Texas

Fashion Wheels Signs 33,376 SF Industrial Lease Renewal in Northwest Houston

by Taylor Williams July 31, 2025

HOUSTON — Fashion Wheels Inc. has signed a 33,376-square-foot industrial lease renewal in northwest Houston. The apparel wholesaler will remain a tenant at the building at 7108 Old Katy Road, which according to LoopNet Inc. was originally constructed in 1999 and totals 192,960 square feet. Chase McAteer of local brokerage firm Oxford Partners represented the tenant in the lease negotiations. Faron Wiley of CBRE represented the landlord, PGIM Real Estate.

July 31, 2025

Leasing Activity Retail Texas

Barnes & Noble to Open 20,000 SF Store at Southpark Meadows in South Austin

by Taylor Williams July 31, 2025

AUSTIN, TEXAS — Barnes & Noble will open an approximately 20,000-square-foot store at Southpark Meadows, a regional power center located along I-35 in South Austin. The book retailer is backfilling a space previously occupied by Office Max with one of its smaller-format stores. Charlotte-based Big V Property Group owns Southpark Meadows, which is also home to tenants such as Walmart, Target, PetSmart, Ulta Beauty, Old Navy, J.C. Penney and Marshalls. A tentative opening date was not disclosed.

July 31, 2025

Acquisitions Retail Texas

Scarborough Commercial Arranges Sale of 16,250 SF Retail Center in Longview, Texas

by Taylor Williams July 31, 2025

LONGVIEW, TEXAS — Locally based firm Scarborough Commercial Real Estate has arranged the sale of Hawkins Crossing, a 16,250-square-foot retail center located at 3052 N. Eastman Road in the East Texas city of Longview. The center was 93 percent leased at the time of sale to tenants such as Louisiana Cajun Kitchen, Fresh Dental and PURE Nail Salon. Stephanie Taylor of Scarborough Commercial represented the seller and sourced the buyer, both of which requested anonymity, in the transaction.

July 31, 2025

Acquisitions Content Partner Development Features Industrial Leasing Activity Lee & Associates Loans Midwest Multifamily Northeast Office Retail Southeast Texas Western

Lee & Associates’ Report: Q2 Net Absorption Declines Across All Property Sectors Except Multifamily

by Sarah Daniels July 31, 2025

Lee & Associates’ 2025 Q2 North America Market Report looks back at shrinking (or negative) net absorption for industrial, office and retail sectors in the last quarter. Meanwhile, multifamily tenant demand beat previous expectations in the same three months, as a feared recession failed to materialize. The mix of factors for absorption varied by property type: industrial and office markets saw increases in vacancy, while competition for retail space remained high, even in the face of high-profile closures. Lee & Associates’ full market report is available to read here (plus detailed vacancy rates, cap rates by city, market rents, square footage information, information on Canadian markets and more). The recaps for industrial, office, retail and multifamily sectors below detail trends and outlooks for each property sector in the remainder of 2025. Industrial Overview: Vacancies Rise, Rent Growth Slows Concern over the impact of tariffs has added to slowing tenant growth in logistics and manufacturing across North America. But the continued easing demand has resulted in more choices and benefits for users that have been subjected to a prolonged stretch of steep rent growth. Vacancies in the United States have risen to 7.4 percent, a decade-long high, while deliveries continued to outpace tenant expansion. Net absorption fell …

July 31, 2025

Loans Multifamily Northmarq Texas

Northmarq Provides $129.7M Agency Loan for Refinancing of Dallas Apartment Tower

by Taylor Williams July 30, 2025

DALLAS — Northmarq has provided a $129.7 million Fannie Mae loan for the refinancing of The Victor, a 39-story apartment tower in the Victory Park area of Dallas. Completed in 2022, The Victor features studio, one-, two- and three-bedroom units that are furnished with stainless steel appliances, quartz countertops and floor-to-ceiling windows, as well as built-in desks in select residences. Amenities include a pool, fitness center, game lounge, skyline terrace and a dog park. The Victor also houses 9,500 square feet of retail space. Kevin McCarthy, Jeff Frankel and Alex Czachor of Northmarq originated the financing, which was structured with a fixed interest rate and a 35-year amortization schedule, on behalf of the borrower, a joint venture between Houston-based Hines and Chicago-based Diversified Real Estate Capital.

July 30, 2025

Development Industrial Texas

Jackson-Shaw to Develop 347,387 SF Industrial Project in North Houston

by Taylor Williams July 30, 2025

HOUSTON — Jackson-Shaw will develop R45 Distribution Center, a 347,387-square-foot, cross-dock industrial project in North Houston. The North Texas-based developer closed on the 29-acre site at the northeast corner of Ella Boulevard and West Richey Road earlier this summer, and construction will begin in the coming days and last about 12 months. Project partners include Compatriot Capital as the equity partner and Inwood National Bank as the lender. ARCO Design Build is serving as the general contractor, and Kimley-Horn is the civil engineer. Colliers has been named the leasing agent.

July 30, 2025

Development Restaurant Retail Texas

GTP Food Group to Open Three New Restaurants in Anna, Texas

by Taylor Williams July 30, 2025

ANNA, TEXAS — Hospitality owner-operator GTP Food Group will open three new restaurants in the North Texas city of Anna. The Gin will feature Southern cuisine, and Tenders Smokehouse will be a barbeque concept. The third restaurant will be Papa Gallo’s Mexican Grill & Margarita Bar. Combined, the restaurants represent a capital investment of about $10 million in the city’s downtown area, as well as the potential creation of about 100 new jobs. Construction is scheduled to begin in early 2026 and is expected to last about one year.

July 30, 2025

Industrial Leasing Activity Texas

Cummings Electrical Signs 66,882 SF Industrial Lease in Fort Worth

by Taylor Williams July 30, 2025

FORT WORTH, TEXAS — Cummings Electrical has signed a full-building, 66,882-square-foot industrial lease in Fort Worth. The electrical engineering and contracting firm is relocating from the nearby building at 14900 Grand River Road to Centreport Tech Center, a two-building complex on the city’s northeast side, via a 10-year deal. Jason Finch, Erik Blais and Michael Spain of Bradford Commercial Real Estate Services represented the landlord, Fort Capital, in the lease negotiations. The deal brings Centreport Tech Center to full occupancy.

July 30, 2025

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