Friday, August 15, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Texas

Alta-Spring-Creek-Garland
AcquisitionsMultifamilyTexas

American Landmark Buys 225-Unit Alta Spring Creek Apartments in Garland, Texas

by Taylor Williams

GARLAND, TEXAS — Tampa-based multifamily investment firm American Landmark has purchased Alta Spring Creek, a 225-unit apartment community in the northeastern Dallas suburb of Garland. The property features studio, one-, two- and three-bedroom units with walk-in closets and in-unit washers and dryers. Amenities include package delivery services, an outdoor entertainment space with a grilling station, a 24/7 athletic studio and private meeting and conference spaces. The seller was not disclosed, but national multifamily firm Wood Partners developed and completed the property last September. American Landmark will rebrand the community as The ReVe and invest in capital improvements.

Continue Reading
FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentMultifamilySeniors HousingTexas

Atlantic Pacific, HCDD to Build 135-Unit Mixed-Income Seniors Housing Community in Houston

by Taylor Williams

HOUSTON — A partnership between an affiliate of Atlantic Pacific Communities and the Houston Housing and Community Development Department (HCDD) have unveiled plans for Heritage Senior Residences, a mixed-income senior living community in Houston that will replace housing lost during Hurricane Harvey. About 70 percent of the units, which will feature one- and two-bedroom floor plans, will be earmarked as affordable, while the remaining units will be rented at market rates. Amenities will include a fitness center, laundry facilities, clubroom, community dining area, business center, conference room, card room and a recreational deck terrace with pavilions and grills. Construction is slated for completion in late 2022. Bank of America provided a $20.5 million construction loan for the project, and Citi Community Bank provided $9.8 million in permanent financing. The capital stack also includes $14.3 million in city-appropriated disaster relief funds and $13.8 million in low-income housing tax credit equity.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialTexas

i3 Interests Breaks Ground on 148,900 SF Cold Storage Facility in Metro Houston

by Taylor Williams

PASADENA, TEXAS — Developer i3 Interests has broken ground on 3° Red Bluff, a 148,900-square-foot cold storage facility that will be located in the eastern Houston suburb of Pasadena. The Class A property will consist of two buildings on a 12-acre site that can be customized to fit a variety of cold storage needs, from bulk distribution to food processing. About 62 percent of the first building is preleased to Houston Meat Distributors. Colliers International is leasing the development, completion of which is slated for late in the third quarter.

Continue Reading
FacebookTwitterLinkedinEmail
Market ReportsRetailTexasTexas Market Reports

Low Retail Inventory Sustains Sales Prices in Dallas, Austin

by Taylor Williams

By Taylor Williams The combination of a flight by investors to highly targeted segments of the physical retail market and a lack of new development in 2020 is keeping prices high for select properties in some of Texas’ biggest markets. Retail investment sales brokers in Dallas and Austin say that for specific subtypes of well-located properties — such as single-tenant, net-leased (STNL) assets and multi-tenant strip centers with essential businesses — there simply aren’t enough of these deals being brought market to go around. These supply constraints ensure that pricing continues to rise and cap rates continue to compress for these in-demand assets. According to data provided by CoStar Group and Real Capital Analytics (RCA), Dallas-Fort Worth (DFW) was a top 10 market in 2020 in terms of average retail sales price growth. Although total transaction volume was, unsurprisingly, down for the year, the metroplex saw an average price of $396 per square foot for single-tenant retail assets, a year-over-year increase of 5 percent. The average sales price for multi-tenant retail properties rose 6 percent to $329 per square foot over the course of the year. The data from CoStar and RCA for Austin also illustrates more muted sales price …

Continue Reading
FacebookTwitterLinkedinEmail
Partners-Colliers
Company NewsTexas

Former CBRE Occupier Services Team in Dallas Joins Colliers

by Taylor Williams

DALLAS — A Dallas-based occupier services team that consists of Steve Rigby, Baron Aldrine, Mike Kay, Peter Danna and Mike Cleary has joined Colliers International from CBRE. Between its various members, the team brings several decades’ worth of industry experience to the table. “Colliers promotes an entrepreneurial and nimble culture that will provide our team the flexibility to tailor customized solutions for our clients,” said Steve Rigby. “Its global brand combined with a powerful platform and a broker-focused leadership team provides the ideal environment for our team to excel.”

Continue Reading
FacebookTwitterLinkedinEmail
Reflections-at-Highpoint-Dallas
AcquisitionsMultifamilyTexas

ShainRealty Capital Acquires Reflections at Highpoint Apartments in Dallas for $46.3M

by Taylor Williams

DALLAS — Los Angeles-based investment firm ShainRealty Capital has acquired Reflections at Highpoint, a 373-unit apartment community in the Northwood Heights area of Dallas. The sales price was $46.3 million. Built in 1986, the property features one-, two- and three-bedroom units and amenities such as four pools, a fitness center, spa, package lockers and community gardens. Doug Banerjee, Andrew Mueller, Jack Stone and Hugo Reisenbichler of Greysteel represented ShainRealty and the undisclosed seller in the transaction. New York-based Arbor Realty Trust provided $40.6 million in acquisition financing to ShainRealty, which will implement a $2.3 million capital improvement program.

Continue Reading
FacebookTwitterLinkedinEmail
Springwood-Self-Storage-Austin
AcquisitionsIndustrialSelf-StorageTexas

JLL Brokers Sale of 426-Unit Springwood Self Storage Facility in Austin

by Taylor Williams

AUSTIN, TEXAS — JLL has brokered the sale of Springwood Self Storage, a 426-unit facility located at 9206 Anderson Mill Road on Austin’s north side. The three-story building was completed in 2017. All units are climate-controlled. Brian Somoza and Steve Mellon of JLL represented the seller, an entity doing business as Springwood Self Storage LLC, in the transaction. Wasatch Storage Partners purchased the asset for an undisclosed price.

Continue Reading
FacebookTwitterLinkedinEmail
Aspen-Lake-Three-Austin
AcquisitionsOfficeTexas

Patrinely Group, USAA Sell 128,990 SF Office Building in North Austin

by Taylor Williams

AUSTIN, TEXAS — A joint venture between Patrinely Group and USAA Real Estate has sold Aspen Lake Three, a 128,990-square-foot office building in North Austin’s Lakeline neighborhood. Completed in May, the four-story building was fully preleased to Q2 Holdings, a provider of cloud-based software for the banking industry, at the time of sale. The buyer and sales price were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialLeasing ActivityTexas

Henry S. Miller Negotiates 36,616 SF Industrial Lease in Haltom City, Texas

by Taylor Williams

HALTOM CITY, TEXAS — Henry S. Miller Brokerage has negotiated a 36,616-square-foot industrial lease in Haltom City, a suburb of Fort Worth. Dan Spika and Scott Axelrod of Henry S. Miller represented the tenant, Chicago-based L & W Supply Corp., in the lease negotiations. The representative of the landlord, Fort Worth-based Key Partners Ltd., was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsHospitalityTexas

Ohana Real Estate Buys 491-Room Hyatt Regency Lost Pines Resort & Spa Near Austin

by Taylor Williams

BASTROP, TEXAS — Redwood City, Calif.-based Ohana Real Estate Investors has purchased the 491-room Hyatt Regency Lost Pines Resort & Spa in Bastrop, an eastern suburb of Austin. The seller was an affiliate of Hyatt Hotels Corp. According to hotelbusiness.com, which tracks the hospitality industry, the sales price was $275 million. The 650-acre property features more than 36,000 square feet of indoor meeting space and 276,000 square feet of outdoor amenity space that includes a golf course, water park, amphitheater and an equestrian facility. In addition, the property adjoins the 1,100-acre McKinney Roughs Nature National Park. The deal follows Ohana’s acquisition of the 496-room La Cantera Resort & Spa in San Antonio.  

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts