STAFFORD, TEXAS — Mester Lighting Corp. has signed a 37,090-square-foot industrial lease expansion in Stafford, a southwestern suburb of Houston. According to LoopNet Inc., the building at 10643 W. Airport Blvd. totals 62,050 square feet. Garret Geaccone and Jon Farris of Stream Realty Partners represented the landlord, Ares Management Corp., in the lease negotiations. David Buescher of JLL represented the tenant.
DALLAS — Locally based brokerage firm Holt Lunsford Commercial has negotiated a 24,626-square-foot office lease renewal in North Dallas. The tenant is marketing and financial services provider Aperia. The space is located within The Belvedere, a 141,180-square-foot building. John Dickenson and Paul Hernandez of Holt Lunsford represented the landlord, an entity doing business as InPoint Addison Belvedere, in the lease negotiations.
By Oliver Gray, Esq., of Gray Winston & Hart Valuing hotels for property taxation is one of the most complex and contested areas in real estate appraisal. And unfortunately for hotel owners, improper assessment is common and costly. Unlike office buildings or warehouses, hotels are not just physical assets — they are operating businesses. This distinction requires appraisers to carefully separate the taxable real estate, which is land and improvements, from the nontaxable business enterprise and intangible assets. Failing to do so risks unlawfully taxing the business itself, a critical concern for Texas hotel owners and property tax professionals. Texas law mandates that assessors appraise property at its fee-simple market value, excluding exempt intangibles and business value. For hotels, this means appraisers cannot simply capitalize the income of the operating business. Rather, they must make adjustments to remove components tied to franchise affiliation, management expertise, brand recognition and other intangibles. The challenge is clear: How can assessors, taxpayers and their appraisers correctly isolate the real property value from the going concern? What follows are several common approaches and their inherent weaknesses, which can skew an assessor’s conclusions or provide bases to challenge inflated assessments. Management Fee Method One widely used — …
ANNA, TEXAS — Charlotte-based Big V Property Group is underway on construction of a 175,300-square-foot retail project in Anna, located north of Dallas in Collin County, that will be known as Rosamond Crossing Southeast. Kroger will anchor the center, which is 70 percent preleased to tenants including Bank of America, Chase Bank, Jimmy John’s and McDonald’s. Permitting and preliminary sitework are underway, and vertical construction is expected to begin in April 2026, with a tentative opening targeted for April 2027. Financing sources for Rosamond Crossing Southeast include Equity Street Capital and Valley Bank. The Seitz Group, a division of leasing and management company The Retail Connection, is also a partner on the project.
HOUSTON — Gantry, a commercial mortgage banking firm based in San Francisco, has arranged a $9.3 million loan for the refinancing of a 112-unit apartment building located at 5400 Memorial Drive, just west of downtown Houston. Known as Memorial Tower, the nine-story building offers studio, one- and two-bedroom units and amenities such as a pool, clubhouse, speakeasy lounge, fitness center, pickle ball court and a dog park. A regional bank provided the 10-year loan to a private investor, with both parties requesting anonymity. Jeff Matlock and Claire Jones led the transaction for Gantry.
HOUSTON — US Elogistics Service Corp. has signed a 168,893-square-foot industrial lease in southwest Houston. According to LoopNet Inc., the building at 12631 S. Main St. was completed in 2024 as part of Post Oak Logistics Park, a two-building, 43-acre development. Jeremy Lumbreras and Garret Geaccone of Stream Realty Partners represented the landlord, Goldman Sachs, in the lease negotiations. Ivy Chen of local brokerage firm USWHSE represented the tenant.
HOUSTON — Colliers has brokered the sale of a 6.9-acre industrial outdoor storage facility in northwest Houston. The facility at 14333 Sommermeyer St. features 80,295 square feet across two buildings as well as additional outdoor storage space. Jason Tangen and Barrett Gibson of Colliers represented the undisclosed seller in the deal. C.W. Sheehan, Jack Britton, Peyton Ackerman and Nate Henderson of JLL arranged acquisition financing on behalf of the buyer, Apricus Realty Capital, which was represented by Paul Dominique of Colliers.
IRVING, TEXAS — Locally based brokerage firm Holt Lunsford Commercial has negotiated a 15,599-square-foot office lease in Irving. The tenant is Workforce Solutions Greater Dallas, and the space is located within Cottonwood Office Center, a three-building, 165,000-square-foot development. John Dickenson and Paul Hernandez of Holt Lunsford represented the landlord, Austin-based Capital Commercial Investments, in the lease negotiations.
SAN DIEGO — San Diego-based investment firm Westcore has purchased a portfolio of 12 industrial buildings totaling approximately 1.1 million square feet that are located throughout the Dallas-Fort Worth metroplex. The portfolio, which was 97 percent leased at the time of sale, comprises five properties in Grand Prairie, three in Arlington and four in Dallas. All buildings feature clear heights between 18 and 24 feet. Josh McArtor, Caitlin Clinton and Katie Bostic of Eastdil Secured represented the undisclosed seller in the transaction. Westcore was self-represented. The sales price was also not disclosed.
DALLAS — Los Angeles-based investment firm Stockdale Capital Partners has acquired Amelia at Farmer’s Market, a 297-unit apartment complex in downtown Dallas. Built in 2019, the five-story property is located in the Farmers Market neighborhood and was 94 percent occupied at the time of sale. The property offers studio, one- and two-bedroom units and amenities such as a sky lounge, infinity-edge pool, wine lounge, community library and a fitness center. Greystar has been brought in as property manager. The seller and sales price were not disclosed.