WESTLAKE, TEXAS — Century21 Mike Bowman has signed an 18,000-square-foot office lease in Westlake, a northern suburb of Fort Worth. The real estate services company is relocating from nearby Grapevine to the first floor of the 274,992-square-foot Building 8 at Terraces at Solana, a 1.1 million-square-foot complex. A partnership between two Chicago-based firms, Glenstar and Singerman Real Estate, owns Terraces at Solana.
HOUSTON — New York City-based Dwight Capital has provided a $59 million HUD-insured loan for Alden Park Kingsland, a 423-unit apartment community in West Houston. The garden-style property comprises 10 three-story residential buildings, a community clubhouse, a mail kiosk building and a car center/maintenance building. Units come in one-, two- and three-bedroom floor plans, according to the property website. Amenities include a pool, fitness center, resident lounge, business center, dog park and outdoor grilling and dining stations. Evan Fromen of Dwight Capital originated the financing through HUD’s 223(f) program. The borrower was not disclosed.
HOUSTON — JLL has arranged $29.5 million in acquisition financing for a portfolio of eight light industrial buildings totaling 275,602 square feet in Houston. Known as the Houston Prime Shallow Bay Portfolio, the buildings feature clear heights up to 25 feet, 76- to 126-foot truck court depths and “abundant” dock and drive-in doors. Melissa Rose, Jack Britton, Josh Barker, Jovi Rodriguez and James Lovell of JLL arranged the loan through an undisclosed bank as part of a larger, $107.8 million financing package that includes industrial portfolios in Charlotte and Denver. The borrower was Miami-based Adler Real Estate Partners.
HOUSTON — California-based investment firm BKM Capital Partners has purchased a portfolio of two adjacent industrial properties totaling 242,555 square feet across eight buildings in southwest Houston. Southwest Business Park totals 131,000 square feet across three buildings, and Stonecrest Business Center totals 111,555 square feet across five buildings. Combined, the properties offer 39 suites with a current occupancy rate of about 70 percent. BKM Capital, which plans to implement capital improvements, purchased the portfolio for $29.5 million from Fort Worth-based investment firm Fort Capital.
WESTLAKE, TEXAS — Pluralsight Inc. has signed a 26,000-square-foot office lease in Westlake, a northern suburb of Fort Worth. The global workforce development company has relocated from Utah to the fourth floor of the 120,543-square-foot Building 6 at Terraces at Solana, a 1.1 million-square-foot complex. A partnership between two Chicago-based firms, Glenstar and Singerman Real Estate, owns Terraces at Solana.
ARLINGTON, TEXAS — Holt Lunsford Commercial has negotiated a 5,731-square-foot office lease in Arlington. The space is located within the 123,000-square-foot building at 700 Highlander Blvd. Vic Meyer and Kareem Amer of Holt Lunsford represented the landlord in the lease negotiations. Ryan Matthews of JLL represented the tenant, Island Imaging Investments.
By Taylor Williams Everybody always remembers the one who got away, but what if they’d never shown up to the party in the first place? Or in the case of the Texas commercial development boom, is it possible that one specific asset class simply never took root, or is it more likely that it just hasn’t happened yet? The mystery party guest/asset class could only be life sciences — a sector that is somehow a quasi-subcategory of healthcare real estate, a longshot end use for an industrial conversion, a property type that represents the evolution of commercial-grade lab space and an investment vehicle that has captured billions of capital in coastal markets — all rolled into two basic words. And while the big-money question surrounding life sciences growth in Texas is not “what?” but “when?,” examining what the field actually already encompasses in the state is important to understanding the potential for a future boom. After all, it’s not as life sciences is nonexistent in Texas. According to a 2025 report from JLL titled, “Why Texas Life Sciences?” there are already some 8,700 life sciences companies employing more than 150,000 people in the state. More than $1.5 billion in combined …
MANSFIELD, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Mason + Mill, a 349-unit apartment community located in the southern Fort Worth suburb of Mansfield. Completed in 2024, the property offers studio, one- and two-bedroom units that have an average size of 883 square feet. Residences are furnished with stainless steel appliances, individual washers and dryers, built-in wine racks and desks and various pieces of smart-home technology. The amenity package comprises a pool, fitness center, outdoor grilling and dining stations, a resident clubroom with a pool table and arcade, pet park, private work suites, indoor and outdoor lounges and a hospitality bar. Drew Kile, Joey Tumminello, Taylor Hill, Michael Ware and Shelby Clark of IPA represented the undisclosed seller in the transaction and procured the buyer, Utah-based Millburn & Co.
MONTGOMERY, TEXAS — A joint venture between Dallas-based Edison Equity Management and New Jersey-based ARCTRUST Private Capital has broken ground on a 165-unit active adult project in Montgomery, located north of Houston. Known as Serenova Concierge Communities at Woodforest, the property will offer 133 one- and two-bedroom apartment homes and 32 private villas with attached garages. Amenities will include a pool, fitness center, pickleball court, indoor golf simulator, creative art studio, clubroom, wine room for private events and an onsite restaurant and social bar. The Clerkley Watkins Group is the project architect and will be joined by Kathy Andrews Interiors and general contractor The Brownstone Group as project partners. The first move-ins are expected to begin in late 2026.
AUSTIN, TEXAS — Northmarq has brokered the sale of two residential rental properties totaling 38 units in the Austin area. Redbud Cove is a 15-unit build-to-rent complex in West Lake Hills, located west of the state capital, that was built in 1976 and recently renovated. Zilker Place is a 23-unit apartment complex located in south-central Austin that offers studio, one- and two-bedroom units. Will Collier, Jordan Vaughn and Hayden Schnieders of Northmarq represented the seller, locally based development and investment firm Rastegar Property Co., in the transaction. The buyer was Aperture Capital Partners.