SAN ANTONIO — Westmount Realty Capital has sold Westmount at Houston Street, a 200-unit townhome complex located at 4611 E. Houston St. in San Antonio’s East submarket. Developed on 18 acres in 2003 and acquired by Westmount in 2019, the 37-building property offers two-, three- and four-bedroom units with garages. Amenities include a pool, playground, dog park and a clubhouse with a business and fitness center. The buyer and sales price were not disclosed. The property was 91.5 percent occupied at the time of sale.
PLANO, TEXAS — Locally based hospitality owner-operator NewcrestImage has purchased the 176-roomNYLO Dallas Plano hotel, which is part of the Tapestry Collection by Hilton family of brands. The five-story hotel is located within the 2,600-acre Legacy District business park and features a 4,000 square-foot patio surrounding a heated outdoor pool. NewcrestImage plans to implement a value-add program. The seller and sales price were not disclosed.
FRISCO, TEXAS — CAP Multifamily has completed an 18-unit project in Frisco’s historic Rail District. Known as Beacon Rail District, the property offers one- and two-bedroom units, the former of which have an average size of about 745 square feet. Amenities include a coworking space, fitness center and a hotel-style lounge. Rents start at $1,980 per month for a one-bedroom apartment.
MANVEL, TEXAS — Northmarq has brokered the sale of Sedona Lakes Plaza, a 14,803-square-foot retail strip center in Manvel, located south of Houston. The center was fully leased at the time of sale to tenants such as HOTWORX, Smart Core Labs and Behavioral Innovations. Riley Sharman led the Northmarq team that represented the seller, a Houston-based developer, in the transaction. The buyer was Dallas-based Metro Real Estate LLC.
DALLAS — HFI Capital Management has acquired 1333 Oak Lawn, a roughly 126,000-square-foot office building located in the Dallas Design District. The sales price was not disclosed. The 10-story building was completed in 2024. A partnership between FCP and Quadrant Investment Properties announced the project in early 2022, and the latter entity was named as part of the new ownership group alongside HFI. As part of the acquisition, the property will be rebranded as “The Capital Design District” and “The Capital” for short. In addition to five floors of office space, the building features 8,000 square feet of amenity space on the ninth floor. The property also features a tenant lounge dubbed “Capital Spot,” an executive conference room, fitness center, locker rooms and a rooftop pickleball court. Mexican restaurant concept Maroma will open this fall on the ground floor of the building. Located along Oak Lawn, the building is positioned directly across from The Seam, a retail redevelopment that is currently underway. Upon completion, which is scheduled for summer 2026, The Seam will feature restaurants and shops. The property is also within walking distance of restaurants and attractions including Carbone, El Carlos Elegante, the Charles, the Virgin Hotel, Hilton Anatole, …
DALLAS — Fairstead, a New York-based affordable housing owner-operator, has acquired Royal Crest, a 167-unit complex in the Oak Cliff neighborhood of Dallas, with plans to undertake a $24 million renovation. Built in 1969, Royal Crest consists of 12 buildings that house 16 one-bedroom units, 120 two-bedroom residences and 31 three-bedroom apartments. Units are reserved for households earning between 50 and 60 percent of the area median income. Renovations will include an overhaul of common areas, unit interiors, building exteriors and mechanical systems. New amenities will include a clubhouse, dedicated resident services office, laundry facilities and a community room. Capital One provided financing for the renovation, which is expected to be complete next fall. Hooker DeJong Inc. is the architect for the project, and FTK Construction Services is the general contractor. Hudson Housing Capital is the tax credit equity syndicator.
HOUSTON — JLL has arranged a construction loan of an undisclosed amount for Clock Tower Residences, a multifamily project that will be located in the Heights area of Houston. Clock Tower Residences will consist of 214 traditional residential units, four live-work units and a food-and-beverage concept on the ground floor. Residential amenities will include multiple lounges, coworking spaces and media rooms, as well as a fitness and wellness center. Colby Mueck, Michael Johnson, Davis Burnett and James Lovell of JLL arranged the four-year loan through Veritex Community Bank on behalf of the borrower, a joint venture between Houston-based Radom Capital and Charlotte-based Asana Partners.
HOUSTON — Northmarq has brokered the sale of Ella Plaza, an 82,073-square-foot shopping center in North Houston. The center was 90 percent leased at the time of sale, with Advance Auto Parts, CSL Plasma and the Harris County Public Health Department serving as the anchor tenants. Riley Sharman led the Northmarq team that represented the buyer, Sega Development LLC, which acquired the asset in a 1031 exchange, in the transaction. Dakota Workman of NewQuest represented the seller, locally based firm True Saga LLC. The sales price was not disclosed.
SAN ANTONIO — A partnership between OCI Development, an affiliate of Atlantic Pacific Cos. and Opportunity Home San Antonio has completed Vista at Reed, a 56-unit affordable housing project on the city’s west side. Vista at Reed features two- and three-bedroom units, almost all of which are reserved for households earning 60 percent or less of the area median income. Residents have access to business and fitness centers, laundry facilities, arts and recreational activities and health and wellness programming. PNC Bank financed construction of the project, which began in spring 2024.
HASLET, TEXAS — Dallas-based brokerage firm STRIVE has negotiated the sale of Medical City ER — Haslet, a 6,000-square-foot healthcare building located north of Fort Worth. The building is situated on a pad site of a Walmart Supercenter along State Highway 287. Parker Tims and Jason Vitorino of STRIVE represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.