Thursday, June 19, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Texas

AcquisitionsIndustrialSelf-StorageTexas

Bellomy Arranges Sale of 1,117-Unit Self-Storage Portfolio in Southeast Texas

by Taylor Williams

LA MARQUE AND DICKINSON, TEXAS — Bellomy & Co. has arranged the sale High Point Storage, a portfolio of two self-storage facilities totaling 1,117 units across 235,918 net rentable square feet in Southeast Texas. One of the properties is located in La Marque, and the other is located in Dickinson, both of which are cities located in between Houston and Galveston. Approximately 28 percent of the units are climate-controlled. Both facilities were roughly 90 percent occupied at the time of sale. Bill Bellomy and Michael Johnson of Bellomy & Co. represented the Houston-based seller and procured the buyer, California-based REIT Public Storage.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMultifamilyTexas

Wood Partners Breaks Ground on 300-Unit Alta Cathedral Lakes Apartments in Metro Houston

by Taylor Williams

SPRING, TEXAS — Wood Partners, a multifamily development and investment firm with offices around the country, has broken ground on Alta Cathedral Lakes, a 300-unit apartment community located in the northern Houston suburb of Spring. The property will feature one-, two- and three-bedroom units with stainless steel appliances, granite countertops, tile backsplashes and individual washers and dryers. Amenities will include a pool, fitness center, business center with conference rooms, an outdoor kitchen, clubroom and a dog park. Preleasing will begin in fall 2020 with the first units scheduled to come on line in the fourth quarter of 2020.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialLeasing ActivityTexas

Source Logistics Signs 423,280 SF Industrial Lease in South Texas

by Taylor Williams

LAREDO, TEXAS — Source Logistics, a supply chain operator for retail and e-commerce firms, has signed a 423,280-square-foot industrial lease at Port Grande Logistics Port in the South Texas city of Laredo. The company will occupy the entirety of Building 2, a spec project that is nearing completion. California-based Majestic Realty is the developer of Port Grande Logistics Port, which is located just off Interstate 35 and within 10 miles of the Port of Laredo border crossing.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentHospitalityTexas

C12 Capital, Sardis Underway on Loren at Lady Bird Lake Hotel, Residences in Austin

by Taylor Williams

AUSTIN, TEXAS —A partnership between C12 Capital Management LP and Sardis Developments is underway on construction of Loren at Lady Bird Lake, a 108-room luxury hotel in Austin that will be operated by New York-based Loren Hotel Group. The property will also feature 26 for-sale residences, including two penthouses. Amenities will include a pool, fitness center, spa and a bar and lounge with an outdoor seating area. Site work has begun and completion is scheduled for the fourth quarter of 2021. Rhode Partners is the project architect, and Hoar Construction is the general contractor. Michael Landon of CBRE arranged an $80 million first lien construction loan through Hall Structured Finance for the project.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMultifamilyTexas

Wood Partners Breaks Ground on 307-Unit Alta Midtown Park Apartments in Dallas

by Taylor Williams

DALLAS — Wood Partners, a multifamily development firm with offices around the country, has broken ground on Alta Midtown Park, a 307-unit apartment community located in the Vickery Meadow area of Dallas. The property will offer a mix of studio, one- and two-bedroom units with high-end appliance packages. Amenities will include a pool with tanning ledges, outdoor kitchen area, fitness center, conference room and a sky lounge with views of downtown Dallas. Completion is scheduled for early 2021.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilyTexas

Olympus Property, RSE Capital Acquire 303-Unit Carrington Oaks Apartments in Buda, Texas

by Taylor Williams

BUDA, TEXAS — A partnership between Fort Worth-based investment firm Olympus Property and RSE Capital Partners has acquired Carrington Oaks, a 303-unit apartment community located in the Central Texas city of Buda. Built in 2015, the property features one-, two- and three-bedroom units with stainless steel appliances, granite countertops, kitchen islands/breakfast bars and faux wood vinyl flooring. Amenities include a pool with cabanas, a fitness center with a spin room, resident clubhouse, game room, theater room, business center, outdoor grilling areas, a pet park and a playground. The seller was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialTexas

Conor Commercial to Develop 197,600 SF Spec Industrial Project in Metro Dallas

by Taylor Williams

MESQUITE, TEXAS — Conor Commercial Real Estate has acquired 12.4 acres in the eastern Dallas suburb of Mesquite for the development of Skyline Commerce Park, a 197,600-square-foot speculative industrial project. The site offers immediate proximity to Interstate 30 and U.S. Highway 80. Skyline Commerce Park will consist of a 135,200-square-foot building with 32-foot clear heights and a 62,400-square-foot building with 28-foot clear heights, as well as 258 parking spaces and 12 trailer parking stalls. Cadence McShane is the general contractor for the project, construction of which is slated to begin this year and wrap up in the fourth quarter of 2020. Conor Commercial Real Estate and Cadence McShane are both divisions of The McShane Companies, a national development and investment firm headquartered in suburban Chicago.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialTexas

JLL Brokers Sale of 141,200 SF Jupiter Business Park in Plano

by Taylor Williams

PLANO, TEXAS — JLL has brokered the sale of Jupiter Business Park, a 141,200-square-foot light industrial park in the northern Dallas suburb of Plano. Built on 8.1 acres, the property was 88 percent leased at the time of sale. Stephen Bailey of JLL represented the seller, Berkeley Partners, in the transaction. Campbell Roche, Steve Heldenfels and Jarrod McCabe of JLL placed acquisition financing for the buyer, locally based investment firm MoxieBridge, through Grant Street Funding. The loan carried a five-year term and a fixed interest rate.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialLeasing ActivityTexas

Finial Group Negotiates 15,000 SF Industrial Lease in Houston

by Taylor Williams

HOUSTON — Finial Group has negotiated a 15,000-square-foot industrial lease at 12989 Market Street Road in Houston. Jason Gibbons and Doc Perrier of Finial Group represented the landlord in the lease negotiations. According to LoopNet Inc., the property was built in 1982. The representative of the tenant, truck repair shop AM PM Diesel Services Inc., was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialTexas

M2G Ventures Begins Work on 640,000 SF Industrial Development at Fort Worth’s AllianceTexas

by Taylor Williams

FORT WORTH, TEXAS — M2G Ventures has begun construction on North Quarter 35, a 640,000-square-foot industrial development within the AllianceTexas master-planned community in Fort Worth. The Class A project will deliver an undisclosed number of buildings with cross-dock, rear-load and front-load configurations. Stream Realty Partners will handle leasing of the new buildings, completion of which is slated for the fourth quarter of 2020. GSR Andrade is the project architect, and FCL Builders is the general contractor.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts