Saturday, February 7, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Texas

AcquisitionsHospitalityTexas

NewcrestImage Acquires 148-Room SpringHill Suites Hotel in Downtown Dallas

by Taylor Williams

DALLAS — Hospitality development and investment firm NewcrestImage has acquired the 148-room SpringHill Suites by Marriott hotel in downtown Dallas. The hotel is an adaptive reuse of a historic 10-story building and features a fitness center, complimentary breakfast and 615 square feet of meeting space. NewcrestImage will undertake further renovations to the property that will take about four months to complete, during which time the hotel will remain open. The seller of the hotel was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMixed-UseTexasTop Stories

Loews Hotel, New Convention Center to Anchor $810M Development in Arlington, Texas

by Kristin Harlow

ARLINGTON, TEXAS — The Arlington City Council has approved an $810 million expansion of the city’s Entertainment District. The project is a continuation of the public-private partnership between the city, the Texas Rangers baseball team, Loews Hotels & Co. and The Cordish Cos. At the forefront of the expansion is a $550 million, 888-room Loews hotel with 1,500 parking spaces. The hotel will be connected to the new Arlington Convention Center, which will offer 216,000 square feet of meeting and outdoor space. Other components of the project include a 280-unit apartment building with 100,000 square feet of retail, entertainment and coworking space operated by Spark; a 200,000-square-foot office building; and a new public garage with 1,900 parking spaces. The expansion is the next phase of a greater $4 billion vision by the development partners that began with the $250 million Texas Live! entertainment center, which opened in August 2018, and Live! By Loews Hotel, which opened in August 2019. Paired with the Rangers’ new Globe Life Field set to open in March 2020, the total investment of new development by the partnership totals more than $2.25 billion. “As an owner and operator, Loews Hotels has the advantage of deciding when …

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialOfficeTexas

Creation Equity Breaks Ground on 1 MSF Office, Warehouse Project Near Fort Worth

by Taylor Williams

HALTOM CITY, TEXAS — Phoenix-based Creation Equity has broken ground on The 820 Exchange, a commercial project located in the Fort Worth suburb of Haltom City that will consist of roughly 1 million square feet of office and warehouse space. LGE Design Build, also based in Phoenix, is the general contractor for the project. According to the Dallas Business Journal, the project is valued at $45 million and is expected to be complete by fall 2020.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMultifamilySeniors HousingTexas

KeyBank Provides $19.6M in Financing for Seniors Housing Asset in Temple, Texas

by Taylor Williams

TEMPLE, TEXAS — KeyBank Real Estate Capital has provided $19.6 million in financing to Denver-based Steele Properties LLC for the acquisition and renovation of Wayman Manor Apartments, a seniors housing property located in the Central Texas city of Temple. Following the renovation, Wayman Manor, which was built in 1971, will consist of 32 one-bedroom units, 96 two-bedroom residences and 32 three-bedroom units. All units are restricted under low-income housing tax credit (LIHTC) regulations at 60 percent of the area median income. Sarah Geis of KeyBank handled the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityOfficeTexas

TripActions Signs 88,490 SF Office Lease at Renaissance Tower in Downtown Dallas

by Taylor Williams

DALLAS — TripActions, a Silicon Valley-based platform that manages corporate travel, has signed an 88,490-square-foot office lease at Renaissance Tower, a 56-story building located at 1201 Elm St. in downtown Dallas. Evan Hammer, David Harris and Jade Scott of Whitebox Real Estate, along with Bo McNally and David Bergeron of T3 Advisors, represented TripActions in the lease negotiations. Dennis Barnes, Clay Gilbert and Ben Davis of CBRE represented the landlord, a joint venture between SMA Equities and Moinian Group.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilyTexas

Rastegar Property Acquires 48-Unit Apartment Community in Austin’s Hyde Park Area

by Taylor Williams

AUSTIN, TEXAS — Rastegar Property Co. has acquired Plaza 38, a 48-unit multifamily property located at 206 W. 38th St. in Austin’s Hyde Park neighborhood of Austin. The property features one- and two-bedroom units with hardwood floors, full kitchens and brick accent walls. Amenities include a pool and patio area. The seller was not disclosed. Newmark Knight Frank represented Rastegar in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialMarket ReportsTexasTexas Market Reports

Lines of Distinction Blur Between Dallas, Fort Worth Industrial Markets

by Taylor Williams

Much of the national hype surrounding the growth in industrial development, investment and leasing activity in North Texas is centered on Dallas, a national leader in in-migration and employment growth across a variety of industries. The demographic and economic fundamentals of Dallas have made it a highly desirable market for e-commerce and third-party logistics users looking to service an ever-growing last-mile population. But beginning about four years ago, the dwindling supply of quality sites near the Dallas core began to generate rapid rent growth, causing priced-out developers and users to start looking westward. Fort Worth’s transition from a predominantly manufacturing market to a dynamic logistics and distribution hub began with Hillwood’s purchase of 15,000 acres for its AllianceTexas development in the mid 1980s. Since that time, Fort Worth has displayed a more aggressive stance on economic and industrial development. Both cities have long shared access to critical pieces of infrastructure — DFW International Airport, Interstates 20, 30 and 35 — as well as strong availability of land and a quality supply of laborers. But until recently, the growth paths always favored Dallas — the more gentrified of the two cities that was also a preferred destination for corporate relocations and …

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialTexas

Hines Begins Construction on 1.1 MSF Phase II of Boulevard Oaks Business Park in Houston

by Taylor Williams

HOUSTON — Hines has begun construction on Phase II of Boulevard Oaks Business Park, a project that will deliver approximately 1.1 million square feet of industrial space across six buildings. Boulevard Oaks Business Park spans 120 acres and is located in southwest Houston. Phase I of the project delivered 450,000 square feet of new industrial space across four buildings that is now 95 percent occupied. Phase II is expected to be complete in the third quarter of 2020. Burton Construction is the general contractor for the project, and Powers Brown is the architect of record. Cushman & Wakefield handles leasing of the property.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsOfficeTexas

Hartman Income REIT Acquires Three Office Buildings Totaling 222,043 SF in Houston’s Energy Corridor

by Taylor Williams

HOUSTON — Subsidiaries of Hartman Income REIT have acquired three office buildings totaling 222,043 square feet in Houston’s Energy Corridor area. Timberway II is a 130,828-square-foot building that was 64.2 percent occupied at the time of sale; One Park Ten Place is a 34,089-square-foot asset that was 34.6 percent occupied at the time of sale; and Two Park Ten Place is a 57,125-square-foot property that was 89.1 percent occupied at the time of sale. All three properties were built between 1979 and 1983 and have subsequently been renovated. The seller(s) was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialTexas

Marcus & Millichap Arranges Sale of 213,630 SF Industrial Asset in Metro Dallas Leased to Ashley Furniture

by Taylor Williams

GRAND PRAIRIE, TEXAS — Marcus & Millichap has arranged the sale of a 213,630-square-foot industrial building leased to Ashley Furniture in Grand Prairie, located in the center of the Dallas-Fort Worth (DFW) metroplex. The property was built on 11.5 acres in 1979 and renovated in 1995. Adam Abushagur of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors, in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts