Commercial real estate news and analysis for the Texas market.
CBRE's debt placement team has arranged nonrecourse financing for The Legacy, a 353,000-square-foot mixed-use property in San Antonio. The deal highlights continued lender interest in Texas mixed-use assets despite broader market headwinds.
In a major adaptive reuse deal for a legacy department store footprint, Academy Sports + Outdoors has leased the former 130,000-square-foot Macy’s space at Fairview Town Center in Texas. The transaction highlights a broader trend of sporting goods retailers absorbing vacant anchor boxes in suburban lifestyle centers.
A father-son franchise team has secured development rights to open four Smokey Mo's BBQ restaurants across the Austin market, signaling continued confidence in the region's fast-casual dining sector.
Younger Partners Investments has added a substantial North Texas property to its portfolio with the acquisition of Presidio Junction, a 375,000-square-foot retail complex situated at a strategic interchange along Interstate 35W.
A new real estate investment trust is betting big on the demographics of Florida and Texas to make the case for a pure-play senior housing strategy. The move highlights growing investor confidence in age-restricted residential properties across the Sun Belt.
A major open-air retail destination in the Rio Grande Valley has changed ownership, signaling continued institutional interest in South Texas commercial real estate. The 399,075-square-foot property, known as Palms Crossing, was marketed and sold through JLL's capital markets division.
A nearly 40,000-square-foot retail development in the northwest Houston suburb of Cypress has been sold, with JLL Capital Markets brokering the transaction. The deal highlights continued investor appetite for newly constructed neighborhood retail in high-growth suburban corridors.