WAXAHACHIE, TEXAS — St. Louis-based developer Mia Rose Holdings has broken ground on The Emory at North Grove, a 98-unit multifamily project in Waxahachie, about 30 miles south of Dallas. The mid-rise building will feature one- and two-bedroom units, retail space and such amenities as a resort-style saltwater pool and a fitness center. Bradbury Construction is the general contractor for the project, completion of which is slated for late summer 2026.
FRISCO, TEXAS — The Karahan Cos. has inked leases with 10 new retail tenants at Fields West, a 55-acre mixed-use development in Frisco. The new retailers include Crate & Barrel, Culinary Dropout, Design Within Reach, Face Foundrie, Gorjana, Landry Kate, North Italia, Maman, TravisMathew and U MedSpa. Bloomies, Alo Yoga, Arhaus, Kendra Scott, Pottery Barn, Sephora and Williams Sonoma were previously confirmed at the property, which is now currently 70 percent preleased. SHOP Cos. is the leasing agent for Fields West.
HOUSTON — Renewa has signed a 13,051-square-foot office lease in Houston’s Post Oak district. The provider of renewable energy is taking space at the 421,954-square-foot building at 1980 Post Oak Blvd. J.P. Hutcheson and Amanda Nebel of Cushman & Wakefield represented the landlord, a partnership between Parkway Properties, 3Edgewood and Midway, in the lease negotiations. Brandi Sikes of SVN | J. Beard Real Estate represented the tenant.
PLANO, TEXAS — Locally based brokerage firm STRIVE has negotiated the sale of a 7,682-square-foot preschool and daycare building in Plano that is occupied by Lightbridge Academy. Jackson Brewer of STRIVE represented the seller, a Houston-based developer, in the deal. Hudson Lambert and Harrison Beethe, also with STRIVE, represented the buyer, a local 1031 exchange investor. Both parties requested anonymity.
BONHAM, TEXAS — A partnership between developer Sanchez & Associates and the Bonham Economic Development Corp. (BEDCO) has unveiled plans for Powder Creek Ranch, a 400-acre mixed-use development. Powder Creek Ranch will be the first master-planned community in Bonham, located about 75 miles northeast of Dallas via Texas Highway 121. The site is located near the intersection of State Highways 121 and 56 on the city’s southwest side. The land previously served as a 1960s-era ranch and was owned by longtime Bonham resident Joe Kirkpatrick. Powder Creek Ranch will be developed in seven phases over an approximately 10-year period. The development will ultimately feature 3,000 new residential units via a mix of single-family residences, townhomes, build-to-rent homes (BTR) and apartments. Phase I, encompassing 73 acres, will include 205 multifamily units and a blend of single-family and BTR homes. The groundbreaking is slated for late 2026. Future phases will introduce retail, restaurant and office uses along with public parks, trail systems and open spaces that will enhance community walkability. The Bonham City Council has also approved the creation of the Powder Creek Ranch Public Improvement District to finance core infrastructure and support the community’s long-term development. “Powder Creek Ranch represents a significant …
AUSTIN, TEXAS — Locally based multifamily and student housing developer LV Collective, formerly known as Lincoln Ventures, has completed Paseo, a 48-story apartment tower located at 80 Rainey St. in downtown Austin. Paseo offers 557 units in studio, one-, two- and three-bedroom floor plans, as well as four penthouses and a pool, deck and bar on the 12th floor with views of Lady Bird Lake. Residents also have access to a ground-level café and bar, a fitness center with a yoga studio, cold plunge and saunas and two floors of coworking space with private pods and conference rooms. Construction began in early 2023. Leasing launched in August, at which point monthly rents started in the $1,900s for a studio apartment.
LUBBOCK AND MIDLAND, TEXAS — Lone Star Funds has sold three unnamed multifamily properties totaling 606 units in West Texas. Two of the properties totaling 392 units are in Lubbock and were completed in 2004. The third property, which was built in 2013 and totals 214 units, is located in Midland. Lone Star acquired the assets in 2022 and implemented capital improvements during its ownership period. The properties sold to three separate buyers that requested anonymity.
DAYTON, TEXAS — JLL has negotiated the sale of Deacero Gulf Inland Logistics Park, a 444,120-square-foot manufacturing and distribution facility in Dayton, a northeastern suburb of Houston. The facility, which is located within the larger Gulf Inland Logistics Park development, was fully leased at the time of sale to Daecero Steel. Trent Agnew, Charlie Strauss and Lance Young of JLL represented the seller, Clay Development & Construction Inc., in the transaction. The buyer was Broadstone Net Lease (NYSE: BNL).
ROCKWALL, TEXAS — Marcus & Millichap has brokered the sale of a 10-building, 325,300-square-foot industrial park in Rockwall, a northeastern suburb of Dallas. The buildings were constructed on 21 acres in phases between 1976 and 1997 and feature 16- to 20-foot clear heights, as well as a total of 28 drive-in doors and 22 dock-high doors. Adam Abushagur, Davis Cagle, Tyler Ranft and Gunnar Vachris of Marcus & Millichap represented the seller, a local family partnership, in the transaction and procured the buyer, PlaceMKR.
HOUSTON — Hexatronic Data Center US, a Dallas-based firm that provides a range of services for the asset class, has signed a 12,365-square-foot industrial lease in northwest Houston. According to LoopNet Inc., the building at 8801 Jameel Road was completed in 1981 and totals 47,932 square feet. Heath Donica, Jack Rathe and Natalie Gilbert of Stream Realty Partners represented the landlord, Bleeker Partners, in the lease negotiations. Kim Mathis of Partners Real Estate represented the tenant.