Tuesday, July 22, 2025
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Luxe-at-Las-Colinas
DevelopmentMultifamilySeniors HousingTexas

Story Senior, MPH Partners Underway on 140-Unit Seniors Housing Project in Irving

by Taylor Williams

IRVING, TEXAS — A partnership between Story Senior Ltd. and MPH Partners LLC is underway on construction of The Luxe at Las Colinas, a 140-unit active adult project that will be located at the intersection of State Highway 161 and North Belt Line Road in Irving. The community will span approximately 149,000 square feet and offer one- and two-bedroom units ranging in size from 644 to 1,112 square feet. Amenities will include a pool, fitness center, library, medical clinic, wellness café, activity center and media room. Moss Construction is the general contractor for the project, which is expected to be complete in November 2021. Active adult communities are age-targeted or an age-restricted developments designed for people 55 or older that typically feature single-family, detached residences.

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AcquisitionsHealthcareTexas

Community Health Systems Sells Two Hospitals Totaling 419 Beds in West Texas

by Taylor Williams

ABILENE AND BROWNWOOD, TEXAS — Tennessee-based healthcare provider Community Health Systems Inc. (NYSE: CYH) has sold two hospitals totaling 419 beds in West Texas. Abilene Regional Medical Center totals 231 beds, and Brownwood Regional Medical Center totals 188 beds. The buyer was a subsidiary of Hendrick Health System, a locally based nonprofit provider. As part of the transaction, Hendrick has secured the assignment for the long-term lease and operations of Brownwood Regional Medical Center from the Brownwood County Hospital Authority. Community Health Systems owns, leases or operates 89 hospitals totaling approximately 15,000 beds in 16 states. The hospitals involved in this transaction are among the planned divestitures discussed on the company’s second-quarter 2020 earnings call.

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IndustrialLeasing ActivityLee & AssociatesTexas

Lee & Associates Negotiates 70,200 SF Industrial Lease in Dallas

by Taylor Williams

DALLAS — Lee & Associates has negotiated a 70,200-square-foot industrial lease at 8401 John W. Carpenter Freeway in Dallas. According to LoopNet Inc., the property was built in 1956 and totals 84,400 square feet. Stephen Williamson and Adam Graham of Lee & Associates represented the landlord, Stonelake Capital Partners, in the lease negotiations. The representative of the tenant, TDU Tires, was not disclosed.

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Leasing ActivityOfficeTexas

Law Firm Thompson Coburn Signs 23,117 SF Office Lease in Dallas CBD

by Taylor Williams

DALLAS — Law firm Thompson Coburn LLP has signed a 23,117-square-foot office lease at 2100 Ross Ave., a 33-story, 843,728-square-foot building in the Dallas Central Business District. The firm now has six offices across the country, including in Chicago, Los Angeles, St. Louis, Southern Illinois and Washington, D.C. Mike Dement, Sam Meginnis and Jon Altschuler of Altschuler & Co. represented the landlord, 2100 Ross LP, in the lease negotiations. Andy Leatherman of JLL represented the tenant.

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Jefferson-on-the-Grove-Frisco
DevelopmentLoansMultifamilyTexas

JPI Receives Construction Financing for 424-Unit Jefferson at The Grove Apartments in Frisco

by Taylor Williams

FRISCO, TEXAS — JPI has received construction financing for Jefferson at The Grove, a 424-unit apartment community in Frisco. Jefferson at The Grove is part of a larger residential and commercial master plan in Frisco that will consist of more than 17 acres of open space, five planned parks and more than four miles of trails. Units will feature 10-foot ceilings, glass-enclosed showers and large bathtubs, walk-in closets, private yards and balconies, granite countertops, hardwood-style flooring, designer cabinetry, stainless steel appliances and full-sized washers and dryers in all units. Amenities will include a pool with cabanas, fitness center with a spin studio, private courtyards and a dog park. The opening is scheduled for spring 2022.

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AcquisitionsMultifamilyTexas

Three Pillars Capital Acquires Houston Multifamily Portfolio for $100M

by Taylor Williams

HOUSTON —Three Pillars Capital, a locally based private equity firm that specializes in value-add multifamily investments, has acquired a portfolio of three apartment properties totaling approximately 700 units in Houston. The properties offer proximity to the Texas Medical Center, Rice Village Plaza and NRG Stadium. The names of the properties and seller were not disclosed.

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AcquisitionsMultifamilyTexas

The Multifamily Group Arranges Sale of 162-Unit Live Oak Apartments in Houston

by Taylor Williams

HOUSTON — The Multifamily Group (TMG), a Dallas-based brokerage firm, has arranged the sale of Live Oak Apartments, a 162-unit community in Houston’s Energy Corridor. Built in 1977 and renovated in 2018, the property features one- and two-bedroom units and amenities such as a pool, playground, pet play area and onsite laundry facilities. Bryce Smith of TMG represented the seller and procured the buyer in the transaction. Both parties requested anonymity.

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AcquisitionsRetailTexas

Marcus & Millichap Brokers Sale of 55,867 SF Retail Property in North Dallas

by Taylor Williams

DALLAS — Marcus & Millichap has brokered the sale of Skillman Centre, a 55,867-square-foot retail property in North Dallas. According to LoopNet Inc., the property was built in 1982. Joe Santelli of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors that requested anonymity, in the transaction. Skillman Centre was 66 percent leased at the time of sale.

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Leasing ActivityOfficeTexas

Everi Games Signs 51,000 SF Office Lease Renewal in West Austin

by Taylor Williams

AUSTIN, TEXAS — Everi Games Holding Inc., a provider of content and electronic gaming units and systems for Native American and commercial casinos, has signed a 51,000-square-foot office lease renewal at 206 Wild Basin Road in west Austin. The building is situated on 2.6 acres and spans 118,217 square feet. Kevin Granger and Matt Frizzell of Cushman & Wakefield represented the landlord, Massachusetts-based RMR Group, in the lease negotiations. Diana Holford and Austin Trees of JLL represented the tenant.

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Company NewsTexas

Reports: CBRE to Relocate Headquarters from Los Angeles to Dallas

by Taylor Williams

DALLAS — CBRE is relocating its global headquarters from Los Angeles to Dallas, according to several media outlets including The Dallas Morning News and The Dallas Business Journal. The real estate giant is expected to provide more information on the relocation as part of its release of its third-quarter earnings report later today, according to The Dallas Morning News. CBRE currently operates three offices in the Dallas-Fort Worth (DFW) metroplex, with its largest one located at 2100 McKinney Ave. in the Uptown area of Dallas. The company’s top executive, president and CEO Robert Sulentic, has ties to Dallas from his previous executive position at Trammell Crow, which CBRE acquired in 2006.

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