SAN ANTONIO — Atlanta-based hospitality owner-operator Peachtree Group and Austin-based Merritt Development Group have topped out construction of the 10-story, 171-roomResidence Inn by Marriott hotel in downtown San Antonio. The hotel will feature studio suites with fully equipped kitchens, and separate living and working areas. Amenities will include a fitness center, meeting rooms, outdoor social spaces and a coffee bar. Completion is slated for next summer.
ROSENBERG, TEXAS — STATS International has signed a 72,761-square-foot industrial lease in Rosenberg, a southwestern suburb of Houston. The pipeline services firm will occupy all three buildings on the 10-acre site at 3782 Reese Road for both maintenance and manufacturing purposes. Anthony Squillante and Drew Coupe of Avison Young represented the tenant in the lease negotiations. Ryan Wasaff, Brad Berry and Cole Bercher represented the landlord, local owner-operator The Welcome Group, on an internal basis.
HOUSTON — A partnership between Dallas-based Apricus Realty Capital and Baltimore-based ABR Capital Partners has purchased an 11.3-acre industrial outdoor storage (IOS) facility in northwest Houston. The site includes 32,358 square feet of crane-served warehouse space that is leased to Knight Oil Tools. Jason Tangen and Paul Dominique of Colliers represented the undisclosed seller in the transaction. C.W. Sheehan, Jack Britton, Peyton Ackerman and Nate Henderson of JLL arranged acquisition financing for the deal.
HOUSTON — Camden Property Trust, a publicly traded REIT, has sold a 337-unit apartment community in Midtown Houston. Camden Midtown was built in 1999 and features one- and two-bedroom units. Amenities include multiple pools and fitness centers, as well as a pet park and a direct-access parking garage. Dustin Selzer, Jett Lucia, Aziza Rehmatulla and Matt Kafka of JLL represented Camden in the transaction. Leon McBroom, Rob Bova and John David Johnson, also with JLL, originated an undisclosed amount of Freddie Mac acquisition financing on behalf of the buyer, Bow River Capital. The new ownership has rebranded the property as Hadley Midtown Apartments.
IRVING, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of The International at Valley Ranch, a 236-unit apartment complex in Irving. Built in 2024 within the Valley Ranch master-planned development, the property offers studio, one- and two-bedroom units with an average size of 803 square feet. Amenities include a pool, fitness center, sky lounge, outdoor grilling and dining stations, coworking space and a dog park. Drew Kile, Michael Ware, Joey Tumminello, Taylor Hill, Shelby Clark and Jack Windham of IPA represented the seller, Criterion Development Partners, in the transaction and procured the buyer, Consolidated Investment Group.
PILOT POINT, TEXAS — NAI Robert Lynn has brokered the sale of a 35,570-square-foot industrial building in Pilot Point, located north of Dallas in Denton County. According to LoopNet Inc., the building at 926 U.S. Highway 377 was built on 3.7 acres in 1983. Jim Hancock of NAI Robert Lynn represented the seller, an entity doing business as TyGra Realty LLC, in the transaction. Michelle Hudson and Tom Hudson of Hudson Peters Commercial represented the undisclosed buyer.
TEMPLE AND BELTON, TEXAS — Dallas-based Kobalt Investment Co. has purchased a portfolio of three medical office buildings totaling 31,545 square feet in Central Texas. The buildings, which were developed in 2013, are all leased to Baylor Scott & White Health, with one facility located in Temple and the other two structures located in Belton. Seth Gilford of Transwestern represented Kobalt in the transaction. The seller and sales price were not disclosed.
ADDISON, TEXAS — Asset Living, a provider of third-party property management services, has signed a 13,168-square-foot office lease renewal in the northern Dallas metro of Addison. According to LoopNet Inc., the building at 15601 Dallas Parkway was completed in 1999 and totals 289,340 square feet. Dan Boyles, Jeremy Brubaker and Justin Utay of Partners Real Estate represented Asset Living in the lease negotiations. Chris Taylor of Cushman & Wakefield and Trey Smith of CBRE represented the landlord.
By Taylor Williams The municipalities that comprise Houston’s southeastern suburban rings are on the rise, fueled not only by the larger population growth that has defined Texas in the 21st century, but also by expanded commerce and real estate development tied to the ports of Houston and Galveston. These municipalities vary tremendously from one to the next with regard to their size, both land- and population-wise. In addition, they possess varying degrees of maturity in terms of their microeconomies and real estate markets. Yet among the four cities in this region that Texas Real Estate Business spoke with for this story — Alvin, Webster, League City and Nassau Bay — some commonalities exist within their economic development endeavors. These include drawing on growth in the hospitality sector from the Port of Galveston’s thriving cruise business, as well as preparing for future real estate opportunities that will emerge from infrastructural projects, most notably the expansion of State Highway 99, known locally as Grand Parkway. As these cities work to expand their housing inventories, recruit new businesses and provide the ideal mixes of retail, restaurant and entertainment uses, they look to both traditional and new economic drivers. In doing so, they cultivate …
FORT BEND COUNTY, TEXAS — Crow Holdings Development is underway on construction of Phase I of Hightower Business Park, a six-building, 180-acre industrial development that will be located in Fort Bend County on the southwestern outskirts of Houston. Phase I will feature three buildings that will span 343,332, 228,954 and 163,930 square feet. Two of the buildings in Phase II will total 179,311 square feet, and the final structure will encompass 737,437 square feet. Construction of Phase I buildings, which will feature 36-foot clear heights and ample trailer parking, is slated for a mid-2026 completion. CBRE has been tapped as the leasing agent.