Texas

Nuveen Green, Lone Star PACE Provide $9M in C-PACE Financing for Dallas Apartment Complex

by Taylor Williams July 24, 2025

DALLAS — Nuveen Green Capital and Lone Star PACE have provided $9 million in C-PACE financing for Cityscape Star Apartments, a 116-unit multifamily complex in the Cedars neighborhood of Dallas. The newly constructed building offers one- and two-bedroom units and amenities such as a fitness center, business center, dog run and a rooftop lounge. The name of the borrower was not disclosed. C-PACE allows property owners to access low-cost, long-term financing for energy and water conservation systems at commercial buildings.

July 24, 2025

Acquisitions Office Texas

JLL Negotiates Sale of 106,310 SF Office Building in West Houston

by Taylor Williams July 24, 2025

HOUSTON — JLL has negotiated the sale of Woodlake Plaza, a 106,310-square-foot office building located at 2600 S.Gessner Road in the Westchase area of West Houston. The six-story building was originally constructed on a 3.5-acre site in 1974 and includes a break room and a conference room, as well as parking for 292 vehicles. Marty Hogan led the JLL team that represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.

July 24, 2025

Loans Retail Texas

Avatar Financial Funds $3.1M Bridge Loan for Dallas Gas Station, Convenience Store

by Taylor Williams July 24, 2025

DALLAS — Seattle-based lender Avatar Financial Group has funded a $3.1 million bridge loan for a Texaco-branded gas station and convenience store located at 3924 W. Red Bird Lane in southwest Dallas. The loan carries a two-year term, an 11.5 percent initial interest rate and a 65 percent loan-to-value ratio. The undisclosed sponsor will use proceeds to leverage equity from the asset in order to purchase another service station. The borrower plans to refinance Avatar’s loan once the new site is stabilized and producing income.

July 24, 2025

Acquisitions Industrial Texas

Alterra Acquires Industrial Outdoor Storage Facility in Northeast Houston

by Taylor Williams July 24, 2025

HOUSTON — Philadelphia-based investment firm Alterra IOS has acquired an industrial outdoor storage facility in northeast Houston. The 2.9-acre facility at 7470 Miller Road 2 features 20,980 square feet of warehouse space and was originally built in 2002, according to LoopNet Inc. Jack Zalta of KSR NY brokered the deal. The seller and sales price were not disclosed.

July 24, 2025

Acquisitions Company News Office Texas Top Stories

City Office REIT Enters Into $1.1B Merger Agreement, Will Go Private

by Hayden Spiess July 24, 2025

DALLAS AND VANCOUVER — City Office REIT (NYSE: CIO), a Canadian company focused on the acquisition, ownership and operation of office properties in Sun Belt markets in the United States, has entered into a merger agreement valued at $1.1 billion. Under the terms of the agreement, MCME Carell Holdings LP and MCME Carell Holdings LLC — collectively a joint venture between South Florida-based firms Elliott Investment Management LP and Morning Calm Management LLC — will acquire all issued and outstanding shares of City Office REIT common stock for $7 per share in cash. The company’s stock price closed on Tuesday, July 23 at $5.56 per share, roughly the same as a year ago. City Office REIT’s current portfolio comprises 54 office buildings totaling roughly 5.4 million square feet of net rentable space in the Dallas, Denver, Orlando, Phoenix, Portland, Raleigh, San Diego, Seattle and Tampa markets. The company’s U.S. headquarters is located in Dallas. Terms of the merger agreement include the sale of City Office’s Phoenix portfolio. Upon close, City Office will become a private company and its shares will no longer trade on the New York Stock Exchange. “After conducting an extensive process to explore potential strategic alternatives, we …

July 24, 2025

Development Multifamily Texas

StreetLights Residential Breaks Ground on 410-Unit Phase III of Viridian Apartments in Arlington

by Taylor Williams July 23, 2025

ARLINGTON, TEXAS — Dallas-based StreetLights Residential has broken ground on Phase III of Viridian, a multifamily project in Arlington that will add 410 units to the local supply. Apartments will feature studio, one- and two-bedroom floor plans, and this phase will also include 68 townhomes. The amenity package will comprise a central pool courtyard; fitness center with outdoor exercise space; a coworking lounge with private work suites; an outdoor event space with grilling and dining stations; and a clubhouse with a billiards room and card lounge. StreetLights Creative Studio is the architect of record for the project, and SLR Construction LLC is the general contractor. Both companies are affiliates of the owner. A tentative completion date was not announced. StreetLights completed The Louise, a 343-unit development that marked Phase II of Viridian, in late 2022. Phase I, a 340-unit community known as The Jackson, opened in early 2021.

July 23, 2025

Loans Multifamily Texas

JLL Provides Agency Financing for 382-Unit Apartment Community in Katy, Texas

by Taylor Williams July 23, 2025

KATY, TEXAS — JLL has provided an undisclosed amount of Freddie Mac financing for The Reserve on Kingsland, a 382-unit apartment community in the western Houston suburb of Katy. Built in 2020 and formerly known as Lenox Reserve, the property features 11 three-story buildings with one-, two- and three-bedroom units that have an average size of 882 square feet. Amenities include pools, a fitness center, package lockers, a dog park, business center, demonstration kitchen and a game room. Andy Scott, Michael Cosby, Bo Beidleman, Blake Morrison and Aaron Craig of JLL originated the seven-year, fixed-rate loan on behalf of the owner, Price Realty Corp.

July 23, 2025

Acquisitions Multifamily Texas

Marcus & Millichap Brokers Sale of 94-Unit Apartment Complex in West Dallas

by Taylor Williams July 23, 2025

DALLAS — Marcus & Millichap has brokered the sale of Hart House, a 94-unit apartment complex in West Dallas. Built in the early 1960s, Hart House is a newly renovated property that consists of two buildings that house one- and two-bedroom units. Amenities include a pool, courtyards and onsite laundry facilities. Ford Braly and Al Silva of Marcus & Millichap represented the seller, a private out-of-state investor, in the transaction and procured the buyer, a local operator. Both parties requested anonymity

July 23, 2025

Acquisitions Industrial Texas

Alterra Acquires Industrial Outdoor Storage Facility in North Houston

by Taylor Williams July 23, 2025

HOUSTON — Philadelphia-based investment firm Alterra IOS has acquired an industrial outdoor storage facility in North Houston. The 3.7-acre facility at 1960 S. Starpoint Road is adjacent to George Bush International Airport and features two warehouses totaling 17,880 square feet that are leased to national tenants in the oil and gas production and pumping services sector. Jack Zalta of KSR NY brokered the deal. The seller and sales price were not disclosed.

July 23, 2025

Leasing Activity Office Texas

Brightline Dealer Advisors Signs 10,601 SF Office Lease at HALL Park in Frisco

by Taylor Williams July 23, 2025

FRISCO, TEXAS — Brightline Dealer Advisors has signed a 10,601-square-foot office lease at HALL Park in Frisco. The automotive insurance brokerage firm is relocating from nearby Addison and has committed to The Tower at HALL Park, a 16-story building, for 10 years. Michael Griffin of Transwestern represented the tenant, which plans to take occupancy of its new space in November, in the lease negotiations. Kim Butler, Rena Padachy and Brad Gibson represented the landlord, HALL Group, on an internal basis.

July 23, 2025

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