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Pictured above (clockwise, from upper left corner): Ivy Zelman (Zelman), Dallas Tanner (Invitation Homes), Steven DeFrancis (Cortland), Ryan Marshall (PulteGroup) Housing is impacted by a variety of forces, from affordability and interest rates to questions of supply. However, beneath the noise, the industry’s…

Richmond, south and west of Houston, is a town of just over 11,000 residents, but like a lot of other Texas towns, its growing. So much so that a development team is considering building a mixed-use project that includes a Sam’s Club warehouse store. Called Circle Oak, the George Foundation recently sold the land…

SpaceX has created thousands of new millionaires, but long-time residents in Brownsville may soon feel the pinch of higher property tax bills. The post What Brownsville’s SpaceX Boom Means for Homeowners’ Tax Bills appeared first on Texas Real Estate Research Center .

FORT WORTH, TEXAS — Newmark has arranged the sale of Centreport Lake, a 452-unit apartment community in East Fort Worth. Built on 24 acres in 2008, the property offers one-, two- and three-bedroom apartments with an average unit size of 946 square feet. Amenities include two pools, a dog park, business center and…

Trademark Property Co. has secured a $55 million refinancing loan for Westbend, a 281,000-square-foot mixed-use campus comprising office and retail space in Fort Worth. PGIM issued the seven-year note, which retired a previous loan in the same amount originated by JP Morgan in 2016. Commercial Search reports…

PEARLAND, TEXAS — Houston-based developer Welcome Group is underway on construction of Lower Kirby Business Park, a 250,000-square-foot industrial project in Pearland, located on the city’s southern outskirts. Spanning 25 acres, the project will comprise four tilt-wall buildings that will range in size from…
HOUSTON — A partnership between two local owner-operators, MetroNational and Radom Capital, is nearing completion of Greenside, a 35,000-square-foot retail redevelopment project in Houston’s Memorial City district. Designed by Michael Hsu Office of Architecture, Greenside is an adaptive reuse of three warehouse…
CARROLLTON, TEXAS — Modern Home Concepts, a provider of residential flooring products, has signed a 57,361-square-foot industrial lease in the northern Dallas metro of Carrollton. The space is located within Valwood Business Park and includes dedicated truck parking and potential outdoor storage space. Corbin…
Buildings 3 and 4 each expected to cost $500m

Form JV to develop data center

HOUSTON — OHT Partners has broken ground on Park Row, a 360-unit community at 14192 Park Row Blvd. in Houston. Situated on 14 acres, Park Row will be comprised of… The post OHT Breaks Ground on Park Row in Houston appeared first on Multifamily & Affordable Housing Business .

DALLAS – (Realty News Report) – One of the most sustainable office campuses to be built in Texas recently actually produces more energy than it uses. Wells Fargo’s two-building, 850,000-square-foot corporate campus in Irving was designed to accommodate 4,500 employees in a collaborative environment. Global…

A major redevelopment of downtown Austin’s Grant Plaza is one step closer to moving forward now that the developer has secured a building permit for a mixed-use project on the site.

With Tesla’s leasing of a 538,720-square-foot speculative industrial building in Mustang Ridge, Elon Musk’s electric car production company is now one of the Austin area’s largest industrial tenants. The Mustang Ridge lease southeast of Austin puts Tesla alone to 3.4 million square feet in the Austin Area, and…

Crown Sterling withdrew plans for an office-to-residential building conversion in Addison following a thumbs-down vote from City Council. In May, Addison Planning and Zoning commission recommended that the northern Dallas suburb’s City Council deny a zoning request to redevelop The Princeton offices at 14651 North…

Developers are betting big on branded luxury condos in Texas, with eight new luxury projects under construction across Austin, Dallas and Houston. While branded residences have long been a hot commodity for high-end buyers in places like New York and Miami, Texas has lagged for both cultural and structural reasons.…

DataBank's announcement regarding its major data center development project at the Red Oak campus.

Houston’s Galleria will be the latest outpost for Canadian women’s fashion Aritzia. Indianapolis-based Simon Property Group, the mall’s owner, submitted a state filing detailing the store opening. It intends to spend $9 million to remodel and finish out the 19,000-square-foot space Aritzia will occupy. Work on the…

After years of planning, Trademark Property is finally prepared to break ground on its $135 million redevelopment of an Arlington retail center. Construction is slated to begin on the site formerly known as Lincoln Square on August 3, according to the Dallas Business Journal. Fort Worth-based Trademark has…

Worth & Associates acquired The Commons at Concord Park, a four-building, 108,116 square-foot office campus located at 300 E. Sonterra Blvd in San Antonio’s Stone Oak submarket. It brings the company’s total owned portfolio to 3 million square feet. The Commons at Concord Park currently features 17,131 square feet…

Flexential purchased 110 acres in Kaufman County, Texas, to build its fourth and largest facility in the Dallas-Fort Worth metroplex. The planned 375,000-square-foot Phase 1 development, southeast of the DFW metro in Talty, has secured power to support 36 MW of capacity for wholesale and multi-tenant colocation…

PLANO, TEXAS — StreetLights Residential is underway on construction of a 22-story apartment building at 6501 Legacy Drive in Plano. The site spans 2.7 acres within the former J.C. Penney headquarters campus, and the development will have 261 one-, two- and three-bedroom units that will range in size from 682 to…

HOUSTON – (Realty News Report) – OHT Partners has broken ground on Park Row, a 360-unit apartment community in the burgeoning Energy Corridor area of Houston. Situated on a site with nearly 14 acres at 14192 Park Row Blvd., Park Row will be located near the Katy Freeway, less than 20... The post Multifamily…

Urban Logistics Realty acquired 53 acres of Harris Ranch in Denton, Texas. The acquisition of Harris Ranch will kickstart Phase I of an industrial development featuring five buildings totaling 656,007 square feet. The Phase I buildings will range in size from 69,000 to 193,000 square feet. The project offers a…
500,000 sq ft building due live next year

HOUSTON — Marcus & Millichap has brokered the sale of a 124,000-square-foot healthcare property in the Spring Branch area of Houston. Originally constructed on a 4.3-acre site at 1615 Hillendahl Blvd. in 1965, the property formerly served as a 198-unit skilled nursing facility. Rod Llanos of Marcus & Millichap…

PLANO, TEXAS — San Francisco-based Shorenstein Investment Advisers has acquired The Tennyson, a 273,000-square-foot office property located northeast of Dallas in Plano. The two-building, 12-acre complex, which is located within the city’s Legacy submarket, was originally developed in 2012 as a build-to-suit for…

ARLINGTON, TEXAS — A joint venture between Trademark Property Co. and Harrison Street Asset Management is scheduled to break ground Monday, Aug. 3 on Anthem, a $135 million redevelopment of the 43-year-old Lincoln Square shopping center in Arlington. InterBank is providing refinancing and construction financing for…

OHT Partners is looking to cash in on the popularity of Houston’s Energy Corridor. The office tenant hotspot will soon be home to a new multifamily project from the Austin-based developer. The 360-unit Park Row Apartments is rising on 14 acres at 14192 Park Row Boulevard, according to a release from OHT. A February…
Will offer 1GW of compute capacity

Dhanani Private Equity Group is scooting over to Sugar Land. The firm purchased the 165K SF former Texas Instruments office building and its more than 7-acre campus in a transaction that closed on April 13, according to Fort Bend County public records.

A pair of downtown Austin properties are getting new redevelopments that add housing to the hub of the Bat City. Ryan Companies is finally looking to redevelop Grant Plaza into a single-building blend of multifamily apartment units and space for restaurants. The developer has been planning to pivot the space that…

The Wideman Company expanded its Downtown Houston portfolio by buying the 35-story TotalEnergies Tower from Brookfield Properties. Financial terms of the transaction were not disclosed, but Harris Central Appraisal District records state that the building has an appraised value of $121.8 million, according to the…

Lone Star Funds bought Premier Place, a 458,000-square-foot tower at 5910 N. Central Expressway. Glenstar Properties was the seller. A JLL team led by Jonathan Napper brokered the sale. The tower is about 94% leased. The Dallas Business Journal reports the Dallas Central Appraisal District assesses the value of the…

Wideman Co. acquired the 35-story TotalEnergies Tower at 1201 Louisiana St. from Brookfield Properties. The 850,000-square-foot tower was originally built in 1971. It has undergone numerous upgrades that included adding a fitness facility and adjacent bike room. The lobbies were previously renovated in 1996. And…

While Dallas-Fort Worth’s growth as a financial hub has fueled the region’s flight-to-quality trend, companies are also upgrading their offices as the use of artificial intelligence grows and they compete for the best talent in the metro.

Ryan Companies is advancing a redevelopment of downtown Austin’s Sixth Street. The Austin Business Journal reports the redevelopment would take place on a full 1.8-acre block bounded by East Sixth and Fifth streets, Red River Street and Sabine Street. There are three buildings on the site now — a large one and two…

Company buys land in Talty, targets three-building campus
MARBLE FALLS, TEXAS — Rockspring, a Houston-based development and investment firm, is underway on The Highlands, a 254-acre mixed-use development in Marble Falls, about 50 miles northwest of Austin. Plans for the master-planned community currently call for an array of residential uses, including single-family…

HOUSTON – (Realty News Report) – Houston-based Triten Real Estate Partners, along with its capital partner Evergen Equity, has acquired 3 Corners West, the final piece of an apartment portfolio spanning nearly 1,000 units along Kempwood Drive in the Spring Branch area north of Memorial. The 283-unit complex at…
Will comprise ten Crusoe Spark modular data center units

SUGAR LAND, TEXAS — Tremont Realty Capital, a division of Boston-based investment firm RMR Group, has provided a $22.7 million loan for the refinancing of Sugar Land Medical Plaza, a 120,000-square-foot healthcare property located on the southwestern outskirts of Houston. Colliers arranged the loan on behalf of the…

THE WOODLANDS, TEXAS — Local brokerage firm Palo Duro Commercial Partners has arranged the sale of Shoppes at Sawdust, a 13,500-square-foot retail strip center located north of Houston in The Woodlands. The center was fully leased at the time of sale to tenants such as Jimmy John’s, Little Caesars and Cloud 9…

The number of Canada-based Redfin.com users searching for U.S. homes fell 15.3% year over year in June. Over the last two years, Canadian searches for U.S. homes have dropped roughly 37%. Canada-based home searches declined in 45 of the 50 most populous U.S. metros, with the biggest drops in San Antonio (-51.8%),…

DALLAS — Conor Commercial Real Estate and Globe Corp. have obtained a $78.7 million takeout loan for The Flynn at Live Oak, a five-story, 327-unit property in Dallas that was… The post Conor Commercial, Globe Corp. Secure $78.7M Takeout Loan for Dallas Luxury Development appeared first on Multifamily & Affordable…
Texas Governor Greg Abbott says "Diode did the right thing"

Nvidia has reportedly signed a lease worth up to $50 billion for a 1GW Texas data center built by Hut 8, reigniting circular financing concerns in the AI infrastructure market.

Texas Monthly is moving from 816 Congress Avenue in Downtown Austin to a 36,000-square-foot space at 1801 North Lamar Boulevard. Renovations at the site to make way for the magazine are expected to cost around $15 million. The Austin-based statewide magazine’s renovation will also convert the building from a…

An artificial intelligence-powered management platform designed to help law firms has signed an office lease on the Lower East Side, Commercial Observer has learned. AI platform Sandstone signed a five-year deal spanning 13,794 square feet on the entire third and fourth floors of East End Capital’s 141 East Houston…

Hawthorn Mall in Vernon Hills is undergoing a sweeping $5 million renovation that’s bringing new restaurants, apartments and varying retailers to the area. Owner Dallas-based Centennial Real Estate is taking the traditional mall building, long-due for an upgrade, into a new era. Lighting across the interior of the…

JLL landed the listing on The Stack, the distinctive 16-story office tower in the Deep Ellum district of Dallas. The property is owned by a joint venture between Westdale Real Estate Investment and Management, Ivanhoé Cambridge and Hines. It was completed in 2021. The 217,000-square-foot building is 100% leased.…

Houston syndicator Nitya Capital offloaded a 1,000-unit Houston apartment portfolio as it faces multifamily distress in North Texas. Triten Real Estate, which is also based in Houston, picked up 3 Corners West from the Nitya, according to a release from Triten. The 997-unit portfolio sits on 35 acres at 10105…

Just weeks after offloading 405 Colorado in Downtown Austin, Brandywine is looking to shake up its portfolio again. Brandywine Realty Trust expects to sell off its Solaris apartment building at 2800 Solaris Street in the Uptown ATX development and find a partner to take on some of the financial burden for the One…

Mast Capital and Koch Real Estate Investments scooped up an oceanfront resort in the Florida Keys two years after it last sold. The Miami-based developer and Dallas-based investor acquired 22 villas and eight hotel suites at the Islands of Islamorada Resort from the Frisbie Group, according to a news release.…

Triten Real Estate Partners acquired 3 Corners West, a 283-unit apartment community in Houston’s Memorial/Spring Branch submarket. The acquisition completes Triten and Evergen Equity’s purchase of the three-property 3 Corners multifamily portfolio after the partnership acquired 3 Corners North and 3 Corners East in…

CyrusOne is pursuing the construction of a 460,000-square-foot data center in Medina County. The project is estimated to cost $500 million. The facility is at 3397 U.S. Highway 90 W., just west of San Antonio The project, identified as “SAT14A,” has an estimated completion date of June 2027. The data center…
Bastrop County campus will feature four data centers

HOUSTON – (By Ivy McLemore for Realty News Report) – Could the NHL soon drop pucks where the Bamboo Shoot, Alpine Sleigh Ride, and Texas Cyclone once made lasting childhood memories for generations of Houstonians? Several recent developments point to that distinct possibility. Two major announcements made 24 hours…

HOUSTON — Berkadia has brokered the sale of Harper’s Mill, a 180-unit apartment complex in northwest Houston. Built in 1984, the property offers one- and two-bedroom units and amenities such as a pool, business center, picnic areas and a playground. Kyle Whitney, Chris Curry, Jeffrey Skipworth, Chris Young, Joey…

SAN MARCOS, TEXAS —Houston-based owner-operator Triten Real Estate Partners will develop a 175,000-square-foot industrial project at 2651 Leah Ave. in San Marcos, located roughly midway between Austin and San Antonio. The 12-acre site is located less than a mile from I-35, and the shallow-bay building features…