DALLAS — Marcus & Millichap has brokered the sale of the Dallas Duplex Portfolio, a collection of 30 duplex buildings that are located across southern suburbs of the Dallas-Fort Worth metroplex. Specifically, the buildings, which were constructed between 1983 and 2000 and total 60 two-bedroom units, are located in DeSoto, Ennis, Mansfield and Glenn Heights. Chris Pearson, Bard Hoover, Nick Fluellen and Garret Nelson of Marcus & Millichap represented the seller, a local private investor, in the transaction and procured the buyer, Vault Cap. The sales price was not disclosed.
GEORGETOWN AND ROUND ROCK, TEXAS — Baltimore-based St. John Properties has delivered a 45,600-square-foot life sciences building on the northern outskirts of Austin. The building is the first to be completed at Westinghouse Crossing, a 225,000-square-foot mixed-use development located at the southern border of Georgetown and the northern border of Round Rock. The 35-acre development will ultimately feature 170,000 square feet of research-and-development facilities, 40,000 square feet of office space and 15,000 square feet of retail space.
IRVING, TEXAS — Landsea Homes Corp. (NASDAQ: LSEA) has signed a 14,725-square-foot office lease at Tower 1320 in Irving. The residential homebuilder, which also recently signed an 8,000-square-foot office lease in northwest Austin, plans to take occupancy next spring. The space will include a 3,000-square-foot, in-house design studio and showroom exclusively for Landsea Homes homebuyers that will feature a full kitchen and living room setup. Ryan Buchanan of CBRE represented Landsea Homes in the lease negotiations. Jeff Wood of JLL represented the undisclosed landlord.
By David DiRienzo, director — business development, at Talonvest Capital, Inc. This is part two of a two-part series discussing the key drivers behind transaction volume and the steps owners can take to ensure they are well positioned going forward. As highlighted in part one, despite substantial changes in the market over the past few years, the capital markets continue to offer quality financing solutions for real estate owners. Part two of this article series delves into two key drivers of current financing activity: elective refinancing to optimize the capital stack and the initiation of new business plans. Given the plethora of value-add projects in the pipeline and the interest in undertaking new business plans as equity capital returns to the market, these financing strategies are taking on greater importance than in past years. Interestingly, elective refinancing and starting a new business plan are two scenarios where the borrower’s actions are optional because an impending maturity is not a consideration. For this reason, it is important that borrowers understand the nuances behind these strategies as well as the approach that a capital expert might take. Elective Refinancing to Maximize Investment Performance While loan maturities trigger many refinancings, owners run into a …
LAREDO, TEXAS — A partnership between Maryland-based investment manager Realterm and regional owner-operator Titan Development will develop a 440,300-square-foot industrial project in the Rio Grande Valley city of Laredo. The cross-dock facility will be situated on a 26-acre site and will be divisible for two tenants. Building features will include 30-foot clear heights, 185-foot truck court depths and 264 trailer parking stalls. Construction is expected to last about 12 months.
HALTOM CITY, TEXAS — Multifamily developer JPI has broken ground on Jefferson Drove, a 343-unit mixed-income housing project that will be located north of Fort Worth in Haltom City. About 50 percent of the units will be reserved for households earning 80 percent or less of the area median income, and the remainder will be rented at market rates. Amenities will include a pool, fitness center and a coworking lounge. Preleasing for the first residences is scheduled to begin in the second quarter of 2026.
WEBSTER, TEXAS — Locally based brokerage and investment firm NewQuest has negotiated a 35,000-square-foot medical office lease in Webster, a southeastern suburb of Houston. The tenant, Texas Oncology, is taking space at Webster Town Center, which is located at the intersection of I-45 and Texas Avenue. Kevin Sims and Nick Ramsey of NewQuest internally represented the landlord in the lease negotiations. Nelson Udstuen and Lindsay Arbour of CBRE represented the tenant.
DALLAS — GPK Products Inc. has signed a 31,750-square-foot industrial lease in North Dallas. The North Dakota-based engineering and fabricating company is taking space at 2727 Realty Road, which is part of the 10-building, 636,725-square-foot Marsh Business Park development. Brian Pafford of Bradford Commercial Real Estate Services represented the landlord, an entity doing business as GKI Industrial Dallas LLC, in the lease negotiations. John Paul Floyd of CBRE represented the tenant.
CEDAR PARK, TEXAS — Marcus & Millichap has brokered the sale of Shops at Lakeline, a 22,443-square-foot retail strip center in the northern Austin suburb of Cedar Park. The property comprises three buildings that were constructed on a 1.9-acre site in 2015. Tenants include Domino’s Pizza, VCA Animal Hospital and Cedar Park Dental. Coleman Solomon, Philip Levy and Wes Peacock of Marcus & Millichap represented the seller, Kalantari Group, in the transaction The buyer was CenterSquare Investment Management.
SAN ANTONIO — Dallas-based developer Carbon Cos. has completed Greyson Luxury Living, a 291-unit multifamily project in San Antonio. The property is located at 1734 N. Loop 1604 W on the city’s north side. Units come in one-, two- and three-bedroom floor plans and are furnished with stainless steel appliances, quartz countertops, individual washers and dryers and private patios/balconies. Amenities include a pool, fitness center and a dog wash station. Rents start at roughly $1,300 per month for a studio apartment.