LEWISVILLE, TEXAS — Marcus & Millichap has arranged the sale of a 96-room hotel in the northern Dallas suburb of Lewisville. The Homewood Suites by Hilton Dallas-Lewisville was built in 1995 and renovated in 2008. Amenities include a pool, fitness center and two meeting/event spaces. Chris Gomes and Skyler Cooper of Marcus & Millichap represented the seller, Brandy Lodging LLC, in the transaction. The duo, in conjunction with Allan Miller of Marcus & Millichap, also procured the buyer, Centerpoint Hospitality.
HOUSTON — SM Energy has signed a 20,324-square-foot office lease expansion in Houston’s Energy Corridor area. The independent oil and gas provider will soon occupy 41,454 square feet across two newly renovated floors at One Eldridge, a 12-story, 245,315-square-foot building that is part of a larger campus owned by Granite Properties. Steven Mulhern of Mulhern Co. and Bill Scott of Real Estate One represented SM Energy in the lease negotiations. Jon Dutton and Andrew Elliott represented Granite Properties on an internal basis.
FORT WORTH, TEXAS — Locally based brokerage firm Holt Lunsford Commercial has negotiated a 14,775-square-foot lease in Fort Worth. According to LoopNet Inc., the industrial flex building at 200 N. Vacek St. was originally constructed in 1950 and totals 49,130 square feet. Jake Neal and David Cason with Holt Lunsford Commercial represented the tenant, Ambiance Textiles, in the lease negotiations. The name and representative of the landlord were not disclosed.
LAREDO, TEXAS — A partnership between Standard Real Estate Investments and Brennan Investment Group will develop a 433,000-square-foot industrial facility in the Rio Grande Valley city of Laredo. The site is located within Pinnacle Industry Center, and the development will be known as Laredo Pinnacle Development II. Building features will include 156 dock doors, four drive-in doors, 185- to 240-foot truck court depths, an ESFR sprinkler system, parking for 144 cars and 197 trailers and the capacity to accommodate a single or multiple users. Construction is scheduled to begin in the coming days and to be last about a year.
SAN ANTONIO — California-based mortgage banking firm Slatt Capital has arranged an $11.2 million bridge loan for Villas at Bella Vista, a 43-unit, newly constructed build-to-rent project in San Antonio. The property is located on the city’s west side and offers three- and four-bedroom townhomes with an average size of 1,840 square feet that also feature private backyards and attached garages. Rents at the property start at $2,380 per month. John Darrow and Dominic Sestito of Slatt Capital arranged the loan through Los Angeles-based lender Arixa Capital. The undisclosed borrower will use the proceeds to retire construction debt and fund lease-up costs.
EAGLE PASS, TEXAS — Lee & Associates has negotiated the sale of a 10-acre industrial development site in Eagle Pass, located north of Laredo along the Texas-Mexico border. The site at 4338 El Indo Highway is located within the 2,000-acre Empire Industrial Park. Enrique Volkmer of Lee & Associates represented the seller, an entity doing business as Empire Industrial Park LLC, in the lease negotiations. P.W. Ellis represented the buyer, Pilot Travel Centers LLC, which plans to develop and operate a diesel station and truck stop at the site. Vertical construction of the first 136,000-square-foot building is scheduled to begin in April.
TOMBALL, TEXAS — Advanced Orthopaedics & Sports Medicine will open a 17,452-square-foot medical office in the northern Houston suburb of Tomball. The provider plans to relocate from nearby Cypress to the new building, the site of which is adjacent to Legent North Houston Surgical Hospital, upon completion this fall. Remedy Medical Properties and Kayne Anderson Real Estate are developing the building. Other project partners include architect XA Collective, general contractor Rogers-O’Brien and Up Engineering.
SAN ANTONIO — Axis Portable Air, which provides rentable heating, cooling and drying equipment, has signed a 14,537-square-foot industrial lease in San Antonio. According to LoopNet Inc., the single-tenant building at 6000 Kaepa Court was constructed in 1998 and features 24-foot clear heights. William Alcorn and Jack Gaffney of Houston-based brokerage firm Finial Group represented the undisclosed landlord in the lease negotiations. Glenn Villarreal of Henry S. Miller represented Axis Portable Air.
By Taylor Williams DALLAS — As is the case for many commercial asset classes and markets in 2025, there is an expectation of elevated deal volume for investment sales of affordable housing properties in Texas. But brokers in that space caution that the rebound will likely be marginal and is not necessarily indicative of ideal market conditions taking hold. A quintet of panelists broke down this notion and others at the InterFace Texas Affordable & Workforce Housing conference on Feb. 13 at the Westin Galleria Dallas hotel. Mary Ann Bennett, senior managing director at BBG Real Estate Services, moderated the discussion on investment sales activity. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. Panelist Michael Furrow, senior vice president of affordable housing at commercial finance firm BWE, took the audience of 200-plus back in time to illustrate just how quiet the past two years had been. He did so by providing statistics on affordable housing sales for Dallas-Fort Worth (DFW) between 2021 — when multifamily rents and sales prices were peaking across the board — and 2024, when they …
AUSTIN, TEXAS — Balfour Beatty Campus Solutions and the University of Texas at Austin are underway on construction of a $145 million student housing project. The development will replace a six-building, 200-bed student housing complex located along Whitis Avenue on the northwestern part of the campus with a 1,070-bed building. The new student housing building will feature a mix of single and double rooms with community bathrooms, an area housing office and a variety of student amenities, including lounges, study spaces and a university-managed conference center. Clark Nexsen and Levy Dykema are the project architects, and Andres Construction is the general contractor. Demolitions of existing structures and preliminary sitework work commenced in June 2024, and the new facility is scheduled to open in advance of the fall 2027 semester.