Texas

Hunt Realty, Karahan Receive $425M Construction Loan for Fields West Mixed-Use Development in Frisco, Texas

by Taylor Williams July 10, 2025

FRISCO, TEXAS — A partnership between Hunt Realty Investments and The Karahan Cos. has received a $425 million construction loan for Fields West, a 55-acre mixed-use project in Frisco, a northern suburb of Dallas. A consortium of Bank of America, J.P. Morgan Chase and Prosperity Bank provided the financing. Additionally, as part of the development agreement, the City of Frisco recently sold $70 million in municipal bonds as its contribution to the financing of Fields West. Fields West, which was announced in 2022 as a $2 billion development, will be an urban village within the 2,500-acre Fields master-planned community. Plans currently call for 350,000 square feet of shopping, dining and entertainment space and 325,000 square feet of Class A office space. Gensler is the master plan architect of the development. Construction of the retail, restaurant and entertainment space is now underway. The opening of this element of the project will be staggered between the third quarter of 2027 and into 2028. That space is 70 percent preleased to a variety of national brands, boutique retailers and first-to-market operators, such as Bloomie’s (a Bloomingdale’s concept), Alo Yoga, Arhaus, Kendra Scott, Pottery Barn, Sephora and Williams Sonoma. On the restaurant front, concepts …

July 10, 2025

Troy Marek Regions Real Estate Capital Markets quote from article

Content Partner Features Leasing Activity Loans Midwest Multifamily Northeast Regions Real Estate Capital Markets Seniors Housing Southeast Texas Western

Multifamily, Seniors Housing Sectors Remain Positive Real Estate Performers

by Sarah Daniels July 10, 2025

By Troy Marek, Regions Real Estate Capital Markets As we embark on the second half of 2025 amidst some economic uncertainty, there are two bright spots within real estate. Both the multifamily and the seniors housing/healthcare sectors boast strong fundamentals and occupancies. RealPage data indicates 138,302 apartment units were absorbed in the first quarter, and NIC MAP data shows a seniors housing occupancy increase to 87.4 percent, or 621,000 occupied units over the same period. This suggests strong demand in both critical housing sectors, at the same time new supply is slowing. Interest Rates Drive Lending Activity Agencies Freddie Mac, Fannie Mae and HUD remain the primary loan providers supporting these two asset classes today. Unsurprisingly, interest rates heavily impact lending activity. Since the Federal Reserve decided to hold rates steady in May, sector experts have been closely watching employment and inflation data, as well as tariff impacts, as all three have the power to influence the Fed to lower rates later this year. With the Federal Reserve deciding to hold rates as-is in June, industry players will continue to keep an eye on the data. Once rates are brought down some, perhaps later this year, multifamily and seniors housing/healthcare …

July 10, 2025

Acquisitions Industrial Texas

Phoenix Investors Buys 1.5 MSF Industrial Park in Corsicana, Texas

by Taylor Williams July 9, 2025

CORSICANA, TEXAS — Milwaukee-based Phoenix Investors has purchased a 1.5 million-square-foot industrial park in Corsicana, a southern suburb of Dallas. The 172-acre property was originally constructed as a build-to-suit distribution center for K-Mart and later utilized by The Home Depot as a regional logistics hub. The property was fully leased at the time of sale and includes 26- to 28-foot clear heights, 109 dock doors and 983 trailer parking spaces. In addition, the facility underwent major renovations in 2018, including a new roof installation. Pauli Kerr of JLL brokered the deal. The seller and sales price were not disclosed.

July 9, 2025

Development Industrial Retail Texas

M2G Ventures Begins Redevelopment of 740,000 SF Industrial, Retail Property in Northwest Dallas

by Taylor Williams July 9, 2025

DALLAS — Locally based investment firm M2G Ventures has begun the redevelopment of the former Inwood Design District, a 14-building, 740,000-square-foot industrial and retail property in Dallas that also includes showroom space. The redevelopment will create the Inwood Design District for light showroom and industrial uses and Ace on Inwood for retail and restaurant uses. Completion is targeted for late 2025. The company purchased the 38-acre site at 1110 Inwood Road earlier this year. At the time of sale, Inwood Design District was 93 percent leased to tenants such as Crate & Barrel, White Glove Storage & Delivery, Community Coffee, Neiman Marcus and Granimport USA.

July 9, 2025

Development Multifamily Texas

ZOM Living, CP Capital Complete 359-Unit Multifamily Project in Round Rock, Texas

by Taylor Williams July 9, 2025

ROUND ROCK, TEXAS — A partnership between Orlando-based ZOM Living and CP Capital has completed Azola Avery Center, a 359-unit multifamily project in the northern Austin suburb of Round Rock. Located within the 1,200-acre Avery Centre master-planned development, the garden-style property offers one-, two- and three-bedroom units that range in size from 573 to 1,564 square feet. Amenities include a pool, outdoor pavilion with grilling stations and TVs, a dog park, fitness center, private coworking offices and a grab-and-go convenience store. JHP designed Azola Avery Center, and Rampart served as the general contractor. Monthly asking rents start at $1,200 for a one-bedroom apartment.

July 9, 2025

Acquisitions Multifamily Texas

IPA Negotiates Sale of 312-Unit Belmond Apartments in Haltom City, Texas

by Taylor Williams July 9, 2025

HALTOM CITY, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Belmond, a 312-unit apartment community located north of Fort Worth in Haltom City. Built on 17 acres in 2001, the property offers one-, two- and three-bedroom units with an average size of 980 square feet. Amenities include a pool, fitness center, playground, dog park, coffee bar, clubhouse, outdoor grilling and dining stations and package lockers. Joey Tumminello, Taylor Hill, Drew Kile, Michael Ware and William Hubbard of IPA represented the seller, Dallas-based Knightvest Capital, in the transaction and procured the buyer, an entity doing business as TwinkleStar Asset LLC.

July 9, 2025

Civic Development Texas

AP Construction Breaks Ground on 39,000 SF Civic Project in East Dallas

by Taylor Williams July 9, 2025

DALLAS — Adolfson & Peterson (AP) Construction has broken ground on a 39,000-square-foot civic project in East Dallas. The site spans 3.2 acres at 9731 Lake June Road. The two-story building will be known as the East Dallas Government Center and will house multiple departments of Dallas County, including several related to law enforcement. Completion is scheduled for next summer.

July 9, 2025

Development Industrial Texas

Joint Venture Breaks Ground on 498,798 SF Spec Industrial Project in Southeast Houston

by Taylor Williams July 8, 2025

HOUSTON — A joint venture between Trammell Crow Co. (TCC) and CBRE Investment Management has broken ground on Phase I of Gulfbelt Logistics Park, a speculative industrial project in southeast Houston that will add 498,798 square feet of space across three buildings to the local supply. Phase I will consist of one cross-dock, one rear-load and one front-load building with footprints ranging from 88,750 to 278,858 square feet and with 28- to 36-foot clear heights. Project partners include Burton Construction Co., Powers Brown Architecture and LJA Engineering. Veritex Community Bank is providing construction financing, and CBRE will handle the park’s leasing assignment on behalf of ownership. Completion is slated for next spring.

July 8, 2025

Acquisitions Industrial Texas

Bixby Capital Buys 241,104 SF Industrial Park in Lewisville, Texas

by Taylor Williams July 8, 2025

LEWISVILLE, TEXAS — California-based investment firm Bixby Capital Management has purchased a 241,104-square-foot industrial park in the northern Dallas suburb of Lewisville. Red River Business Park consists of three rear-load buildings with 28- to 32-foot clear heights that are situated on a 19.4-acre site at the intersection of I-35 and State Highway 121. Los Angeles-based PCCP financed the acquisition of the property in conjunction with Bixby’s purchase of a 222,382-square-foot warehouse near Nashville.

July 8, 2025

Acquisitions Multifamily Texas

GREA Arranges Sale of 175-Unit Apartment Complex in Grand Prairie, Texas

by Taylor Williams July 8, 2025

GRAND PRAIRIE, TEXAS — Global Real Estate Advisors (GREA) has arranged the sale of Cottonwood Park Village, a 175-unit apartment complex located in the central metroplex city of Grand Prairie. Built in the 1980s, the property offers a range of floor plans and amenities such as a pool, fitness center, outdoor grilling and dining stations and onsite laundry facilities. The buyer and seller were not disclosed. Cottonwood Park Village was 92 percent occupied at the time of sale.

July 8, 2025

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