DALLAS — South Florida-based Sunrise Realty Trust (NASDAQ: SUNS) has provided $46.5 million in financing for The Boheme, a 352-unit apartment building in Dallas. The financing is part of a $62 million senior loan that refinances the property, which is owned by San Antonio-based Kairoi Residential. The Boheme is an eight-story building in the Bishop Arts District that was completed in 2023. Units come in studio, one- and two-bedroom floor plans, according to Apartments.com, and amenities include a rooftop pool, coworking lounge with private meeting rooms, courtyards and a game lounge.
FORT WORTH, TEXAS — Locally based owner-operator Trademark Property Co. will develop Westbend Residences, a 321-unit multifamily project that will be located in Fort Worth’s University District. The site spans 3.5 acres within Trademark’s Westbend mixed-use development that fronts the Clear Fork Trinity River. Units will come in one-, two- and three-bedroom floor plans, and a few penthouses will also be available on the top floor. Amenities will include two elevated resort-style pools, a fitness center and a dog spa, as well as 4,500 square feet of retail space. Construction is set to begin in the second quarter and to be complete in late 2026.
DALLAS — A partnership between two locally based investment firms, Discover Multifamily and Rainier Cos., has acquired 1001 Ross, a 204-unit apartment building in the historic West End area of downtown Dallas. The mid-rise property, which was built in 2004 and includes 30,506 square feet of retail space, offers one- two- and three-bedroom units. Amenities include a pool, fitness center, outdoor grilling and dining stations, coffee bar, resident lounge and a coworking space. The seller and sales price were not disclosed. The new ownership plans to implement a value-add program and rebrand the property as The Griffin.
FORT WORTH, TEXAS — The Endeavor Group Real Estate (EGRE), a Wyoming-based firm, is nearing completion of the renovation of a 140-unit seniors housing complex in Fort Worth. The property at 8000 Calmont Ave., which is located in the Las Vegas Trail submarket on the city’s west side, is now known as Manor Independent Living. The renovation, which began about a year ago following EGRE’s acquisition of the property, serves to increase the community’s affordability. Leasing is now underway, with rents starting at $1,900 per month, a price that includes three meals per day. Residents will also have access to round-the-clock medical care.
PORTLAND AND EDINBURG, TEXAS — Houston-based brokerage firm Baker Katz has arranged two leases in South Texas for Olive Garden. The first deal is for a 7,805-square-foot restaurant in Portland, located outside of Corpus Christi, and the second deal is for a 7,825-square-foot space in the Rio Grande Valley city of Edinburg. Lynann Pinkham of Cravey Real Estate Services represented the landlord in the Portland transaction, and Ron Reimer of First Hartford Realty represented the landlord in the Edinburg transaction. Jason Baker and Traci Holman of Baker Katz represented the parent company and operator, Orlando-based Darden Restaurants Inc. The openings are slated for the second quarter of 2025 and sometime in 2026, respectively.
AUSTIN, TEXAS — A partnership between Dallas-based Lincoln Property Co. and San Antonio-based Kairoi Residential has completed Sixth & Guadalupe, a 66-story mixed-use tower in downtown Austin. Begun in 2018 and designed by Gensler, Sixth & Guadalupe features 349 apartments and 589,000 square feet of office space, a 33,900-square-foot rooftop park and ground-floor retail space for a total footprint of roughly 2.3 million square feet. Residences come in studio, one-, two- and three-bedroom floor plans, with rents starting at approximately $2,400 per month. Residential amenities include multiple pools, a fitness center, clubroom, conference facilities, media room, golf simulator, indoor theater, dog run and a rooftop lounge. Office users also have access to private terraces on each floor.
DENTON, TEXAS — Lotte Global Logistics has signed a 227,420-square-foot, full-building industrial lease at I-35 Convergence Park in the North Texas city of Denton. The speculative facility is located within Westpark Industrial Park. Joe Yoon of Realty Bank Group represented the tenant in the lease negotiations. Chris Teesdale, Tom Pearson and Ben Wallace of Colliers represented the landlord, Dallas-based Hunt Southwest. The other building at I-35 Convergence Park totals 250,080 square feet and was leased in 2021.
FORT WORTH, TEXAS — Kansas-based developer Overland Property Group has completed Clifton Riverside, a four-story, 94-unit affordable housing project in the River East neighborhood of Fort Worth. The site spans 2.3 acres at 2406 E. Belknap St. According to Apartments.com, units come in studio, one- and two-bedroom units. Residences are reserved for households earning between 30 and 60 percent of the area median income. Amenities include outdoor courtyards, a fitness center, media center and a clubroom.
MURPHY, TEXAS — Dallas-based EōS Fitness will open a 43,801-square-foot gym in Murphy, a northeastern suburb of Dallas. EōS Fitness is backfilling a space previously occupied by 24 Hour Fitness at 229 E. FM 544, which according to LoopNet Inc. was originally constructed on a 6.8-acre site in 2008. Segovia Partners, a brokerage firm with offices in Dallas, Chicago and Jupiter, Fla., negotiated the lease. The opening is slated for some time in 2026.
HOUSTON — Locally based brokerage firm Oxford Partners has arranged the sale of a 12,813-square-foot industrial building in North Houston. According to LoopNet Inc., the building at 15458 W. Hardy Road was constructed in 1981 and features three drive-in bays and 16-foot clear heights. Perry Mazzone and Matt Rogers of Oxford Partners represented the buyer in the transaction. Wyatt Huff of Partners Real Estate represented the seller. Both parties requested anonymity.