ABILENE, TEXAS — Florida-based commercial brokerage firm Franklin Street has arranged the sale of The Windsor Hotel Apartments in the West Texas city of Abilene. The number of units was not disclosed, but the 10-story, 110,000-square-foot building was originally constructed in 1926 as a Hilton hotel. Franklin Street represented the seller, North Management LLC, in the sale of the property to Utah-based Studio 168 Productions. Occupancy at the time of sale was roughly 95 percent.
HOUSTON — A subsidiary of private equity firm Apollo Global Management has purchased Kirkwood Tower, a 286,000-square-foot office building located in the Energy Corridor area of West Houston. The building, which was originally constructed in 1984 and renovated in 2015, offers amenities such as a fitness center, sauna, wellness room and a rooftop jogging track, as well as an onsite bank branch. Stream Realty Partners now leases the building and has inked several new deals.
ROUND ROCK, TEXAS — Sabey Data Centers, a Seattle-based owner-operator that is a joint venture between Sabey Corp. and National Real Estate Advisors LLC, has broken ground on a 54-megawatt project in the northern Austin suburb of Round Rock. The three-story facility represents Building B within a larger campus, and the first 18 megawatts of power are expected to be available to users in the third quarter of 2027.
By Taylor Williams In 2016, the Dallas Cowboys went 13-3, finished in first place in the NFC and had five players earn All-Pro selections — arguably the team’s best season-long performance since its heyday in the 1990s. That’s about all the reminiscing that this writer, who hails from Atlanta, cares to do on the 2016 NFL season. But is it purely coincidental that one of the Cowboys’ most dominant regular-season campaigns in the past three decades coincided with the opening of The Star, the team’s world headquarters and practice facility in Frisco? Perhaps. But for the North Texas region as a whole, the planting of the Cowboys flag outside of city limits marked a sort of coming-out party, a bold declaration that the areas north of the metroplex were primed for major job and population growth, as well as corresponding real estate development. “When Frisco secured the Dallas Cowboys’ headquarters and The Star District in 2016, it seems to have led to a waterfall of momentum,” says Gloria Salinas, senior vice president and chief growth officer of the Frisco Economic Development Corp. “During that time, Frisco demonstrated an ability to align civic leadership with business priorities, accelerating timelines for that …
BOSQUE COUNTY, TEXAS — A joint venture between Energy Capital Partners (ECP), an investment firm with a focus on investing in electricity and sustainability infrastructure, and global private equity firm KKR will develop a 190-megawatt data center in Bosque County, located outside of Waco in Central Texas. The facility will be located adjacent to the Thad Hill Energy Center and will span more than 700,000 square feet. A construction timeline was not disclosed. Global data center owner-operator CyrusOne is also a partner on the project, which is being developed as part of ECP and KKR’s $50 billion strategic partnership to support AI infrastructure growth in the United States.
HOUSTON — Austin-based general contractor OHT Partners has broken ground on a 360-unit multifamily project in West Houston. The site spans 14.2 acres at 23615 Kingsland Blvd., and the development will feature 246 one-bedroom units and 114 two-bedroom residences that will range in size from 702 to 1,256 square feet. Amenities will include a pool with private cabanas and a pavilion, coworking lounge, clubroom with a kitchen, fitness center, pickleball court, artificial turf game lawn, dog park and package lockers. Meeks + Partners is the project architect. Completion is slated for mid-2027.
PASADENA, TEXAS — CBRE has arranged a $17.3 million construction loan for Constellation Red Bluff, a 240,041-square-foot industrial project in the eastern Houston suburb of Pasadena. The site is located at 2543 Genoa Red Bluff Road, and the development will offer 36-foot clear heights and parking for 158 cars and 20 trailers. Brian Linnihan, Mike Ryan, Richard Henry and Taylor Crowder of CBRE arranged the loan through Texas State Bank. The borrower is Constellation Real Estate Partners. Construction is expected to be complete in 2026.
GARLAND, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of The Courtyard, a 123-unit apartment complex located in the northeastern Dallas suburb of Garland that was built in 1983. According to Apartments.com, the property offers one- and two-bedroom units and amenities such as a pool, tennis court, business center and outdoor grilling and dining stations. William Hubbard, Michael Ware, Taylor Hill, Drew Kile, and Joey Tumminello of IPA represented the seller, California-based Wedgewood, in the transaction. The buyer was National Asset Services.
FORT WORTH, TEXAS — USA Beauty Superstore will open a 29,128-square-foot store in Fort Worth. The cosmetics retailer will backfill a former Big Lots store at Woodmont Plaza, a 65,241-square-foot shopping center located on the city’s south side. Bryan Dyer of local brokerage firm The Woodmont Co, represented the undisclosed landlord in the lease negotiations. John Lee of Landmark Realty Group represented USA Beauty Superstore. The opening is scheduled for December.
HOUSTON — Locally based developer Lovett Industrial has broken ground on a 537,132-square-foot speculative project in South Houston. The project represents Phase II of a master-planned development known as 610 Business District and will consist of four shallow-bay warehouses that will range in size from 53,110 to 219,487 square feet. At full build-out, the 113-acre development will comprise 1.5 million square feet across nine buildings. Associated Bank is financing Phase II of 610 Business District. Alston Construction is the general contractor for the project, and CBRE is the leasing agent. Completion is slated for the first quarter of 2026.