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DevelopmentMultifamilyTexas

Presidium Completes 374-Unit Apartment Community in North Austin

by Taylor Williams

AUSTIN, TEXAS — Texas-based developer Presidium has completed Presidium 183, a 374-unit multifamily project located near The Domain in North Austin. Designed by O’Brien Architects, Presidium 183 offers several different floor plans, and units are furnished with stainless steel appliances, quartz-style countertops and individual washers and dryers. Amenities include a coworking lounge with private offices, fitness center with yoga and spin studios, a speakeasy-style bar, entertainment room with a theater and golf simulator, outdoor game lawn, pool and a dog run. Construction began in late 2023. Leasing launched in April, at which point rents started at roughly $1,320 per month for a studio apartment.

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AcquisitionsOfficeTexas

Serpa Partners, AQUILA Acquire 286,000 SF Office Campus in Metro Austin

by Taylor Williams

WEST LAKE HILLS, TEXAS — A joint venture between regional investment firm Serpa Partners and Austin-based AQUILA Commercial has acquired Cielo Center, a 286,000-square-foot, three-building office campus in West Lake Hills, located just west of Austin. The property offers amenities such as a fitness center, conference facilities and a tenant lounge. The new ownership plans to implement capital improvements. The seller and sales price were not disclosed.

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Leasing ActivityRetailTexas

Woodmont Co. Negotiates 28,337 SF Retail Lease in Southwest Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Locally based brokerage firm The Woodmont Co. has negotiated a 28,337-square-foot retail lease in southwest Fort Worth. The tenant, discount merchandiser Eco Thrift, is backfilling a space formerly occupied by Conn’s HomePlus at 4617 S. Hulen St. Bryan Dyer of Woodmont represented the undisclosed landlord in the lease negotiations. The representative of the tenant was also not disclosed.

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AcquisitionsRetailTexas

STRIVE Arranges Sale of 10,000 SF Retail Strip Center in Grand Prairie, Texas

by Taylor Williams

GRAND PRAIRIE, TEXAS — Locally based brokerage firm STRIVE has arranged the sale of Shops at Camp Wisdom, a 10,000-square-foot retail strip center in Grand Prairie, located roughly midway between Dallas and Fort Worth. Tenants include Tropical Smoothie Café and King Pipe Smoke Shop. Jack Hicks and Hudson Lambert of STRIVE represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.

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DevelopmentLeasing ActivityRestaurantRetailTexas

McDonald’s to Open Restaurant at Shops at Sedona Lakes in Manvel, Texas

by Taylor Williams

MANVEL, TEXAS — McDonald’s will open a new restaurant in Manvel, located south of Houston. The fast food giant has ground-leased a 43,720-square-foot pad site at The Shops at Sedona Lakes from local owner-operator NewQuest. Lara Lee LaMendola represented NewQuest in the negotiations on an internal basis. Greg Stanislawski of The Retail Strategy represented McDonald’s.

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From Hype to Readiness AI webinar panel
AcquisitionsFeaturesIndustrialLeasing ActivityLoansMidwestMultifamilyNortheastOfficeRetailSoutheastTexasVideoWebinarWestern

Webinar: From Hype to Readiness — How Commercial Real Estate Firms Are Preparing for AI

by Sarah Daniels

The November 18 France Media webinar “From Hype to Readiness — How Commercial Real Estate Firms Are Preparing for AI,” hosted by France Media and sponsored by Defease With Ease | Thirty Capital, offered a look at the realities of artificial intelligence (AI) within the industry. What can a year of AI use in commercial real estate tell us about implementation and tactics? Panelists touched on the limitations of general-purpose tools, as well as trending topics including safeguards, data privacy, accuracy and institutional control.  For professionals engaged in commercial real estate, the session highlighted practical ways AI can elevate both day-to-day efficiency and organizational sophistication (especially if efforts are backed up by a unified library of proprietary portfolio data).  Panelists discussed how purpose-built platforms can support underwriting, refinancing, internal reporting and ongoing asset optimization by using secure, updated data. The expert presenters gave concrete examples on how AI can act as an effort multiplier: it can strengthen accuracy, surface risks earlier and broaden the capabilities of team members. The included case study underscored real-world advantages, including improved reporting integrity, stronger oversight and better workflow automation. Register here to watch this brief webinar to gain helpful insights on integrating new technology …

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McKinney-Village
AcquisitionsMultifamilyTexas

Equus Capital Sells 245-Unit McKinney Village Apartments in Metro Dallas

by Taylor Williams

MCKINNEY, TEXAS — Philadelphia-based investment firm Equus Capital Partners has sold McKinney Village, a 245-unit apartment complex located about 50 miles north of Dallas. Built in 2017, the property offers studio, one- and two-bedroom units as well as two-story townhomes with attached garages. Amenities include a pool with covered seating and grilling stations, a fitness center, pet park and a community garden. Brian O’Boyle Jr., Brian Murphy, Richard Furr and Jack Forman of Newmark represented Equus Capital Partners in the transaction. Mitch Clarfield and Alec Newman, also with Newmark, originated Fannie Mae acquisition financing for the deal on behalf of the buyer, Weidner Apartment Homes.

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DevelopmentMultifamilyTexas

Mia Rose Holdings Breaks Ground on 98-Unit Multifamily Project in Waxahachie, Texas

by Taylor Williams

WAXAHACHIE, TEXAS — St. Louis-based developer Mia Rose Holdings has broken ground on The Emory at North Grove, a 98-unit multifamily project in Waxahachie, about 30 miles south of Dallas. The mid-rise building will feature one- and two-bedroom units, retail space and such amenities as a resort-style saltwater pool and a fitness center. Bradbury Construction is the general contractor for the project, completion of which is slated for late summer 2026.

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Leasing ActivityRetailTexas

Karahan Cos. Inks Leases with 10 New Retail Tenants at Fields West in Frisco

by Taylor Williams

FRISCO, TEXAS — The Karahan Cos. has inked leases with 10 new retail tenants at Fields West, a 55-acre mixed-use development in Frisco. The new retailers include Crate & Barrel, Culinary Dropout, Design Within Reach, Face Foundrie, Gorjana, Landry Kate, North Italia, Maman, TravisMathew and U MedSpa. Bloomies, Alo Yoga, Arhaus, Kendra Scott, Pottery Barn, Sephora and Williams Sonoma were previously confirmed at the property, which is now currently 70 percent preleased. SHOP Cos. is the leasing agent for Fields West.

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Leasing ActivityOfficeTexas

Renewa Signs 13,051 SF Office Lease in Houston’s Post Oak District

by Taylor Williams

HOUSTON — Renewa has signed a 13,051-square-foot office lease in Houston’s Post Oak district. The provider of renewable energy is taking space at the 421,954-square-foot building at 1980 Post Oak Blvd. J.P. Hutcheson and Amanda Nebel of Cushman & Wakefield represented the landlord, a partnership between Parkway Properties, 3Edgewood and Midway, in the lease negotiations. Brandi Sikes of SVN | J. Beard Real Estate represented the tenant.

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