HOCKLEY, TEXAS — Empire Homes has completed Veranda Dellbrook, a 182-unit build-to-rent project in Hockley, about 40 miles northwest of Houston. Designed by KTGY, the property features one-, two-, three- and four-bedroom homes that range in size from 634 to 1,434 square feet. Amenities include a clubhouse, pool, outdoor lounge with grilling stations, a fitness center and a dog park. Information on starting rents was not disclosed.
LAREDO, TEXAS — Industrial investment firm AKRE Partners has purchased a 16,945-square-foot warehouse within Milo Distribution Center in the Rio Grande Valley city of Laredo. According to LoopNet Inc., the small-bay building at 310 Union Pacific Blvd. was completed in 1994 and features 20-foot clear heights, 22 trailer parking spaces and 1,200 square feet of office space. The seller and sales price were not disclosed.
SPRING, TEXAS — Dallas-based brokerage firm STRIVE has arranged the sale of a 5,336-square-foot restaurant building in Spring, located north of Houston, that is leased to Denny’s. Jackson Brewer of STRIVE represented the seller, a Denny’s franchise operator, in the transaction. The buyer was a local private investor. Both parties requested anonymity.
AUSTIN, TEXAS — Texas-based developer Presidium has completed Presidium 183, a 374-unit multifamily project located near The Domain in North Austin. Designed by O’Brien Architects, Presidium 183 offers several different floor plans, and units are furnished with stainless steel appliances, quartz-style countertops and individual washers and dryers. Amenities include a coworking lounge with private offices, fitness center with yoga and spin studios, a speakeasy-style bar, entertainment room with a theater and golf simulator, outdoor game lawn, pool and a dog run. Construction began in late 2023. Leasing launched in April, at which point rents started at roughly $1,320 per month for a studio apartment.
WEST LAKE HILLS, TEXAS — A joint venture between regional investment firm Serpa Partners and Austin-based AQUILA Commercial has acquired Cielo Center, a 286,000-square-foot, three-building office campus in West Lake Hills, located just west of Austin. The property offers amenities such as a fitness center, conference facilities and a tenant lounge. The new ownership plans to implement capital improvements. The seller and sales price were not disclosed.
FORT WORTH, TEXAS — Locally based brokerage firm The Woodmont Co. has negotiated a 28,337-square-foot retail lease in southwest Fort Worth. The tenant, discount merchandiser Eco Thrift, is backfilling a space formerly occupied by Conn’s HomePlus at 4617 S. Hulen St. Bryan Dyer of Woodmont represented the undisclosed landlord in the lease negotiations. The representative of the tenant was also not disclosed.
GRAND PRAIRIE, TEXAS — Locally based brokerage firm STRIVE has arranged the sale of Shops at Camp Wisdom, a 10,000-square-foot retail strip center in Grand Prairie, located roughly midway between Dallas and Fort Worth. Tenants include Tropical Smoothie Café and King Pipe Smoke Shop. Jack Hicks and Hudson Lambert of STRIVE represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.
MANVEL, TEXAS — McDonald’s will open a new restaurant in Manvel, located south of Houston. The fast food giant has ground-leased a 43,720-square-foot pad site at The Shops at Sedona Lakes from local owner-operator NewQuest. Lara Lee LaMendola represented NewQuest in the negotiations on an internal basis. Greg Stanislawski of The Retail Strategy represented McDonald’s.
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Webinar: From Hype to Readiness — How Commercial Real Estate Firms Are Preparing for AI
The November 18 France Media webinar “From Hype to Readiness — How Commercial Real Estate Firms Are Preparing for AI,” hosted by France Media and sponsored by Defease With Ease | Thirty Capital, offered a look at the realities of artificial intelligence (AI) within the industry. What can a year of AI use in commercial real estate tell us about implementation and tactics? Panelists touched on the limitations of general-purpose tools, as well as trending topics including safeguards, data privacy, accuracy and institutional control. For professionals engaged in commercial real estate, the session highlighted practical ways AI can elevate both day-to-day efficiency and organizational sophistication (especially if efforts are backed up by a unified library of proprietary portfolio data). Panelists discussed how purpose-built platforms can support underwriting, refinancing, internal reporting and ongoing asset optimization by using secure, updated data. The expert presenters gave concrete examples on how AI can act as an effort multiplier: it can strengthen accuracy, surface risks earlier and broaden the capabilities of team members. The included case study underscored real-world advantages, including improved reporting integrity, stronger oversight and better workflow automation. Register here to watch this brief webinar to gain helpful insights on integrating new technology …
MCKINNEY, TEXAS — Philadelphia-based investment firm Equus Capital Partners has sold McKinney Village, a 245-unit apartment complex located about 50 miles north of Dallas. Built in 2017, the property offers studio, one- and two-bedroom units as well as two-story townhomes with attached garages. Amenities include a pool with covered seating and grilling stations, a fitness center, pet park and a community garden. Brian O’Boyle Jr., Brian Murphy, Richard Furr and Jack Forman of Newmark represented Equus Capital Partners in the transaction. Mitch Clarfield and Alec Newman, also with Newmark, originated Fannie Mae acquisition financing for the deal on behalf of the buyer, Weidner Apartment Homes.