GALVESTON, TEXAS — An American affiliate of Canadian shipbuilder Davie will open a $1 billion ‘icebreaker’ factory in the southeastern coastal Texas city of Galveston, according to reports from multiple publications that cover that industry, including The Maritime Executive and Marine Insight. According to the former publication, the factory will be located within the city’s Gulf Copper Yard and will be purpose-built for manufacturing ships for the U.S. Department of Defense and its polar exploration initiatives. The latter publication reports that Davie is developing the factory in partnership with Pearlson, a Florida-based specialist in shipyard design and program management. Marine Insight also reports that the project could support more than 7,000 jobs across Texas and have a regional economic impact of about $9 billion.
HOUSTON — Crow Holdings Development is underway on construction of Rushcreek Business Park, a 446,123-square-foot industrial project in North Houston. The development will consist of two front-load buildings that will span 137,588 and 308,535 square feet. The buildings will feature 32- and 36-foot clear heights, respectively, and a combined 101 dock-high doors, six drive-in ramps and 259 car parking spaces. CBRE has been tapped as the leasing agent. Construction is slated for a summer 2026 completion.
BAYTOWN, TEXAS — Locally based developer BCS has broken ground on Grove Business Park, a 438,960-square-foot industrial project that will be located in the eastern Houston suburb of Baytown. The site spans 46 acres, and the development will feature nine buildings that will range in size from 30,000 to 120,120 square feet. Urban Cos. has been selected as the design-build firm for the project, and Altar Group will be the civil engineer. Partners Real Estate is the leasing agent. Completion is slated for the third quarter of 2026.
HOUSTON — Stream Realty Partners has arranged a 36,340-square-foot industrial lease expansion at 7121 Brittmoore Road in northwest Houston. Information on the property was not available on LoopNet Inc. Garret Geaccone, Boone Smith and Jack Rathe of Stream represented the landlord, DRA Advisors, in the lease negotiations. Nile Copeland of World Wide Realty represented the tenant, ChiChi Trade.
ADDISON, TEXAS — Emultec Inc. has signed an 18,675-square-foot industrial lease renewal in the northern Dallas metro of Addison. The provider of distribution services will remain a tenant at Building 1 at Marsh Business Park West. Brian Pafford of Bradford Commercial Real Estate Services represented the landlord, GKI Industrial LLC, in the lease negotiations. The tenant representative was not disclosed.
AUSTIN, TEXAS — Cottonwood Group, a real estate private equity firm with offices in Boston, Los Angeles and New York, has provided a $105 million construction loan for a 223,500-square-foot life sciences project in Austin. The facility, which will be a build-to-suit project for biotechnology company BillionToOne, will be located within the 425-acre EastVillage mixed-use development on the city’s northeast side. The master developer of EastVillage, Buffalo-based Reger Holdings, has partnered with San Francisco-based Tarlton Properties to develop the facility, which is expected to support the creation of about 1,000 new jobs. Newmark and CBRE co-arranged the loan. Completion is slated for early 2027.
LAKE JACKSON, TEXAS — Dallas-based brokerage firm The Multifamily Group (TMG) has arranged the sale of Shadow Park Apartments, a 168-unit complex located south of Houston in Lake Jackson. Built in 1980, Shadow Park Apartments offers a mix of one- and two-bedroom units that range in size from 536 to 960 square feet. Amenities include a pool, fitness center, business center and onsite laundry facilities. Paul Yazbeck of TMG represented the seller in the transaction, and Yonnic Land, also with TMG, represented the buyer. Both parties requested anonymity.
ROCKWALL, TEXAS — Lee & Associates has negotiated a 102,000-square-foot industrial lease in Rockwall, a northeastern suburb of Dallas. According to LoopNet Inc., the property at 1605 Research Circle features 28-foot clear heights, 10 dock-high loading doors and an ESFR sprinkler system. Stephen Williamson of Lee & Associates represented the landlord, Lahlouh Family LP, in the lease negotiations. Stan Britton of Regal Realtors represented the tenant, Warehouse-Pro Fulfillment 3PL.
SAN ANTONIO — Dallas-based Carbon Shepherd Development has completed a 78-unit seniors housing property in the Westover Hills area of San Antonio. Woodland Cottages Westover Hills offers one- and two-bedroom cottages that are furnished with stainless steel appliances and full-size washers and dryers, with attached garages and fenced backyards available in select residences. Amenities include a pool, clubhouse with a game room and a fitness center. Leasing began in April.
HOUSTON — Stream Realty Partners has brokered a 69,680-square-foot industrial lease in northeast Houston. According to LoopNet Inc., the property at 9040 Railwood Drive was built on 6.7 acres in 1980, totals 162,200 square feet and features 28-foot clear heights. Garret Geaccone and Boone Smith of Stream represented the landlord, DRA Advisors, in the lease negotiations. Feiyun Cheng with REMAX Memorial Commercial represented the tenant, fiberglass supplier China Jushi Co.