DALLAS — Atlanta-based hospitality brokerage firm Hunter Advisors has arranged the sale of the 248-room Embassy Suites by Hilton Dallas Love Field hotel. Suites at the eight-story hotel feature separate living and sleeping areas, flexible workspaces and in-room amenities such as mini-refrigerators and microwaves. Shared amenities include 4,400 square feet of meeting and event space across seven rooms, a full-service restaurant and bar, an indoor pool, fitness and business centers and complimentary breakfast service. An entity doing business as FelCor Dallas Love Field Owner LLC sold the hotel to Scenic Capital Advisors LLC for an undisclosed price. Kami Burnette of Hunter Advisors brokered the deal.
BROWNSVILLE, TEXAS — A partnership between Hunt Capital Partners and the Housing Authority of the City of Brownsville, located in South Texas, has completed an affordable housing adaptive reuse project. The project converted the historic eight-story El Jardin Hotel, which first opened in 1927 and has been vacant for the past 40 years, into a 44-unit complex with one-, two- and three-bedroom units. Information on income restrictions was not disclosed. The Federal Home Loan Bank of Dallas provided a $1.1 million Affordable Housing Program grant to help finance the project.
NORMAN, OKLA. — Rainier Development Co. has executed a master development agreement with the University of Oklahoma Foundation for the planned Rock Creek Entertainment District, a $1.1 billion project in Norman. Rainier will lead planning, design, coordination and development of the 269-acre district in collaboration with Cleveland County, the City of Norman, the University of Oklahoma, community stakeholders and other development partners. Rock Creek Entertainment District is envisioned as a year-round destination that will include an 8,000-seat performance venue designed to host concerts, conventions and community events, as well as University of Oklahoma men’s and women’s basketball games and women’s gymnastics events. Plans for Phase I of Rock Creek include the performance venue; a central outdoor plaza; approximately 140,000 square feet of retail, dining and entertainment experiences; roughly 250 multifamily units; and a structured parking garage with 1,200 spaces. Phased openings of the venue, restaurants and retail are expected to begin in 2028. Phase II will include approximately 180,000 square feet of office space and a 150-room hotel. Phase III calls for 500 additional multifamily units, as well as townhomes and single-family residences. Future phases are anticipated to include additional expansion, subject to market conditions and planning. The project, located …
LEWISVILLE, TEXAS — A partnership between Wan Bridge, a Texas-based developer of build-to-rent residential communities, and Centurion American Development Group has delivered Frontera Shores Townhomes, a 201-unit project in the northern Dallas suburb of Lewisville. The site spans 35.8 acres, and the community offers two-, three- and four-bedroom townhomes that range in size from 1,280 to 1,880 square feet. Amenities include a pool, walking trails and a dog park.
IRVING, TEXAS — Marcus & Millichap has brokered the sale of a 153-room hotel located near Dallas-Fort Worth (DFW) International Airport. Built in 1997 and renovated in 2025, the Courtyard Dallas DFW Airport North/Irving offers an onsite restaurant and bar, outdoor pool, fitness and business centers, a mini-golf area and 1,350 square feet of meeting and event space. Chris Gomes and Allan Miller of Marcus & Millichap represented the California-based seller in the transaction and procured the buyer. Both parties requested anonymity.
HOUSTON — Arnold & Porter has signed a 22,718-square-foot office lease in downtown Houston. The law firm is taking space at 811 Main, a 974,884-square-foot office building. Eric Anderson and John Heard of Transwestern represented the landlord, Atlanta-based Invesco Real Estate, in the lease negotiations. Kevin Saxe and Wyatt McCulloch of CBRE represented the tenant.
HOUSTON — Local owner-operator Braun Enterprises has completed the renovation of 2120 Montrose, a roughly 11,000-square-foot office building located just west of downtown Houston. The renovation included upgrades to both the exterior and interior of the building, which now offers four suites that can be leased individually or collectively. Stream Realty Partners is the leasing agent for 2120 Montrose.
By Taylor Williams The American office market remains awash in change as both tenants and landlords continue to grapple with now-familiar quandaries, from devising ideal hybrid work schedules to rightsizing inventory to putting forth the best mix of amenities, all while negotiating down to the last nickel of rent and last day of term. There are no right or wrong answers to these dilemmas outside of what works best for a particular company or building. Aside from flight to quality, there are very few common denominators across the spectrum of office usage from the tenant perspective. And aside from certain “must have” amenities and features, from the landlord perspective, there is no one-size-fits-all formula for wooing tenants back into buildings. For Texas cities with growing populations and well-located, obsolete office buildings, there are rarely obvious, cost-effective options for revitalizing or converting those structures. And above all else, there’s not a lot of clarity on the future of office utilization as a whole. So in the meantime, all that tenants and landlords — and their brokers — can do is try to make the smartest deal possible based on the information they have today. “In today’s market, every deal has …
NEW YORK CITY — Tredway, a multifamily owner-operator based in New York City, has acquired a portfolio of 16 affordable housing and mixed-income residential properties totaling approximately 1,200 units in Texas. The sales price was $65.5 million. The majority of the properties are located in South Texas or West Texas cities such as Alamo, Amarillo, Brownsville, El Paso, Lubbock, Odessa, San Juan, Santa Rosa and Victoria. Other markets represented within the portfolio include Fort Worth and the Central Texas cities of Copperas Cove and Lampasas. Tredway plans to invest more than $10 million in capital improvements across the portfolio to preserve affordability and is partnering with Housing Services Inc., a nonprofit organization that will provide social services across the portfolio. The seller was not disclosed. Berkadia originated an undisclosed amount of Fannie Mae acquisition financing for the deal.
LAKE JACKSON, TEXAS — A limited liability company doing business as 100 CS Park LLC has purchased Plantation Park Apartments in Lake Jackson, a southern suburb of Houston, for $31.5 million. According to Apartments.com, the property was built in 2016 and totals 238 units. Residences come in one-, two-, and three-bedroom floor plans and are furnished with stainless steel appliances, granite countertops, wood-style flooring, walk-in closets and full-size washers and dryers. Select residences offer private patios or balconies. Amenities include a pool, outdoor entertainment and grilling areas, a clubhouse, fitness center, business center and a resident lounge with a game area and entertainment space. The seller and sales price were not disclosed.