Commercial real estate news and analysis for the Texas market.
12ten Capital has purchased Harper's Mill, a 180-unit multifamily property in Houston, from Interurban with plans to implement a capital improvement program on the 42-year-old asset. The transaction was brokered by Berkadia's Houston investment sales team.
Aspens Senior Living has purchased the Alders Magnolia, a 184-unit active adult community located 40 miles northwest of Houston, from Capitol Seniors Housing. Berkadia facilitated the transaction of the recently built property, highlighting sustained investor interest in lifestyle-focused senior housing.
A wave of high-profile leadership changes across Texas CRE firms suggests that companies are aggressively repositioning their portfolios in response to shifting market dynamics. These strategic hires and executive departures highlight the rapid evolution of the state's commercial real estate landscape.
A 56,214-square-foot retail asset in Fort Collins has officially changed hands for $12.1 million. The off-market transaction highlights sustained investor appetite for well-occupied neighborhood shopping centers in growing tertiary markets.
Two Houston-based developers are teaming up to bring a 15,225-square-foot retail center to the rapidly growing Tomball submarket, roughly 30 miles northwest of downtown Houston. The joint venture aims to capitalize on the area's expanding residential base and robust consumer demand along the city's northwest corridor.
A 4,464-square-foot, single-tenant restaurant building occupied by IHOP in Tyler, Texas, has officially changed hands. The transaction highlights sustained investor appetite for well-positioned, quick-service restaurant assets in growing secondary markets across the Lone Star State.
Texas commercial real estate firms have announced a series of leadership promotions and strategic hires across Dallas-Fort Worth, Houston, and Austin. The personnel shifts highlight an ongoing war for top talent as the industry adapts to evolving capital markets and rising demand for specialized asset management.
In a $300 million joint venture, Bain Capital and 11North Partners have acquired a 757,000-square-foot portfolio of open-air retail centers spanning four high-growth U.S. states. The strategic transaction highlights the sustained institutional appetite for grocery-anchored and necessity-based commercial real estate assets.
JLL Capital Markets has successfully facilitated the sale of The Legacy, a sprawling 353,000-square-foot lifestyle center in San Antonio. The high-profile transaction underscores ongoing investor interest in large-format, experiential retail assets in high-growth Texas metros.
A newly constructed, corporate-guaranteed Mister Car Wash in Kemah, Texas, has traded hands for $5.4 million, highlighting sustained investor appetite for service-oriented, single-tenant net leased retail. The deal underscores the premium placed on recently built assets backed by publicly traded tenants in the greater Houston metropolitan area.
An 83,000-square-foot retail development in West Houston has secured $8 million in C-PACE financing to fund major sustainability improvements. Ashford Beer Garden will anchor the newly upgraded Ashford Yard project, reflecting a broader push for green construction financing in commercial real estate.
McKinney, Texas is emerging as a premier destination for corporate relocations and expansions, with businesses flocking to the Collin County city for its business-friendly environment and growing infrastructure. The city's economic development strategy is paying dividends as companies seek alternatives to higher-cost markets.