Texas

Rael Development Breaks Ground on 192-Unit Student Housing Project in Denton

by Taylor Williams October 29, 2024

DENTON, TEXAS — Rael Development Corp. has broken ground on Charme on Eagle, a student housing project that will be located near the University of North Texas campus in Denton. Set for delivery in fall 2026, the community will offer a total of 463 beds across 192 units that will feature studio through four-bedroom configurations. Amenities will include a pool, grilling stations, speakeasy lounge and game room, private study and community spaces and a fitness center with designated spin/yoga studio. The development is Rael’s second in the Denton market, following CityParc at Fry Street.

October 29, 2024

Acquisitions Multifamily Texas

IPA Negotiates Sale of 186-Unit Biltmore Apartments in Arlington

by Taylor Williams October 29, 2024

ARLINGTON, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of The Biltmore, a 186-unit apartment complex in Arlington. The garden-style property was built in 1978 and offers one- and two-bedroom units with an average size of 765 square feet. Michael Ware, Taylor Hill, Drew Kile, Joey Tumminello and William Hubbard of IPA represented the seller, Legacy REI Group, in the transaction and procured the buyer, Lynba Holdings.

October 29, 2024

Leasing Activity Office Texas

FUSE Workspace Opens 33,000 SF Coworking Space in East Austin

by Taylor Williams October 29, 2024

AUSTIN, TEXAS — FUSE Workspace, a Texas-based provider of flexible workspace solutions, has opened a 33,000-square-foot space at 2105 E. MLK Blvd. in East Austin. The space is the company’s fourth in Austin and offers an array of private offices, dedicated individual desks, enterprise suites and meeting rooms. CB Capital owns the building. Work on the project began in April.

October 29, 2024

Loans Multifamily Texas

JLL Arranges $55.5M Loan for Refinancing of Urban East Apartments in Austin

by Taylor Williams October 28, 2024

AUSTIN, TEXAS — JLL has arranged a $55.5 million loan for the refinancing of Urban East, a 381-unit apartment community in Austin. The newly built property, which includes an affordable housing component, is located southeast of the downtown area near Austin-Bergstrom International Airport. Urban East offers studio, one-, two- and three-bedroom residences that are furnished with stainless steel appliances, tile backsplashes, granite countertops, walk-in closets, individual washers and dryers and private patios/balconies. Amenities include two pools, a fitness center, private conference rooms, a rooftop lounge, resident clubhouse and kitchen, dog park and a game room with a bowling alley. JLL arranged the floating-rate debt on behalf of the owner, a partnership between Battery Global Advisors, the Housing Authority of the City of Austin, River City Capital Partners and LDG Development. The direct lender was Goldman Sachs Alternatives.

October 28, 2024

Development Industrial Self-Storage Texas

DXD Capital Breaks Ground on 870-Unit Self-Storage Project in San Antonio

by Taylor Williams October 28, 2024

SAN ANTONIO — Developer DXD Capital has broken ground on an 870-unit self-storage project in San Antonio. The multi-story facility at 11202 Misty Woods St. will feature 80,490 net rentable square feet of climate-controlled space. Reliable Commercial Construction is the general contractor for the project, which is being financed by Illinois-based financial holding company Wintrust. Extra Space Storage will manage the facility, which is slated for a third-quarter 2025 opening.

October 28, 2024

Development Industrial Office Texas

Foundry Commercial to Undertake 323,000 SF Industrial Conversion Project in Plano

by Taylor Williams October 28, 2024

PLANO, TEXAS — Orlando-based Foundry Commercial will undertake a 323,000-square-foot industrial conversion project in Plano. The 22-acre site at 2700 W. Plano Parkway houses a 250,000-square-foot office building that will soon be demolished to construct two industrial buildings. These buildings will total 226,900 and 96,100 square feet and have 32-foot clear heights. JLL arranged construction financing for the redevelopment, which will be known as Plano Midpoint and is slated for an early 2026 completion. Holt Lunsford Commercial has been appointed as the leasing agent.

October 28, 2024

Development Retail Texas

H-E-B to Open 131,000 SF Grocery Store in Forney, Texas

by Taylor Williams October 28, 2024

FORNEY, TEXAS — Grocer H-E-B will open a 131,000-square-foot store in Forney, an eastern suburb of Dallas. The site is located at the junction of U.S. Highway 80 and Gateway Boulevard. Details on specific store features and offerings were not disclosed. Construction is underway, and the opening is scheduled for early 2026. The San Antonio-based grocer operates about 435 stores throughout Texas and Mexico.

October 28, 2024

Industrial Leasing Activity Texas

SQUAN Construction Services Signs Lease at Sun Valley Industrial Park in Fort Worth

by Taylor Williams October 28, 2024

FORT WORTH, TEXAS — SQUAN Construction Services, a New Jersey-based infrastructure design-build firm, has signed a lease at Sun Valley Industrial Park in Fort Worth. The square footage was not disclosed. Todd Hubbard and Joe McLiney of NAI Robert Lynn represented the landlord, Empire Holdings, in the lease negotiations. Landon Brune of CBRE represented the tenant.

October 28, 2024

Development Mixed-Use Texas

Balfour Beatty Breaks Ground on $95.5M Mixed-Use Development in Dallas

by Taylor Williams October 25, 2024

DALLAS — General contractor Balfour Beatty has broken ground on a $95.5 million mixed-use development that will be located in the Knox-Henderson area of Dallas. The site spans a quarter-mile stretch of North Henderson Avenue between Glencoe Street and McMillan Avenue that has been vacant for decades. The 161,000-square-foot development will have 10 buildings, and plans currently call for 12,000 square feet of restaurant space, 75,000 square feet of retail space, 74,000 square feet of office space and 500 subgrade parking spaces. A partnership between New York-based Acadia Realty Trust and Dallas-based Ignite-Rebees is leading the development, which will also deliver new street paving, decorative crosswalks, enriched landscaping and buried utility lines. Dallas-based GFF is the project architect. A groundbreaking ceremony took place earlier this month, and completion is slated for fall 2026.

October 25, 2024

Acquisitions Multifamily Texas

Marcus & Millichap Brokers Sale of 172-Unit Cantera Apartments in Carrollton, Texas

by Taylor Williams October 25, 2024

CARROLLTON, TEXAS —Marcus & Millichap has brokered the sale of Cantera Apartment Homes, a 172-unit multifamily complex located in the northern Dallas metro of Carrollton. Built in 1969, the property consists of 12 buildings on a 6.2-acre site at 1910 S. Josey Lane. Units come in one- and two-bedroom floor plans. Amenities include a pool and onsite laundry facilities. Wesley Racht, Joey Murry, Nick Fluellen and Bard Hoover of Marcus & Millichap represented the seller, a partnership between Touro Co. and Catalyst Equity Partners, in the transaction. The team also procured the buyer, an entity doing business as Cantera CRG LLC. Fritz Waldvogel of Colliers Mortgage originated an undisclosed amount of Fannie Mae acquisition financing for the deal.

October 25, 2024

Newer Posts

Older Posts