16 stories on houston in commercial real estate.
Lument provided a $14.4 million Fannie Mae acquisition loan for Aspen Forest, a 144-unit garden-style multifamily property in northwest Houston.
12ten Capital has acquired Harper's Mill, a 180-unit Houston apartment community built in 1984, from Interurban in a deal brokered by Berkadia's Houston team.
Aspens Senior Living acquired Alders Magnolia, a 184-unit active adult community in Magnolia, Texas, from Capitol Seniors Housing. Berkadia brokered the deal.
Texas CRE firms announced executive appointments and hires across Dallas-Fort Worth, Houston, and Austin in early June, per Connect CRE's weekly roundup.
Baker Katz and Fox & Graham plan to develop Tomball Mercantile, a 15,225-square-foot retail center near Houston, with construction expected summer 2026.
A single-tenant Mister Car Wash in Kemah, Texas sold for $5.4M. RealSource Group and Matthews brokered the net-lease deal southeast of Houston.
Nuveen Green Capital and Lone Star PACE provided an $8M C-PACE loan for Ashford Yard, an 83,000 SF West Houston retail project anchored by Ashford Beer Garden.
Finial Group brokers Jason Gibbons and Andrew Bischoff arranged the off-market sale of a 19,500 SF, three-building industrial portfolio on Glenmont Drive in West Houston.
Eastham Capital has sold University Green Apartments, a 194-unit community in southeast Houston, following an ~8-year value-add hold with partner Mosaic Residential.
Daiwa House Group has acquired full ownership of the 309-unit Parkside Residences in Houston, buying out joint venture partner Trammell Crow with an $85.2M acquisition loan.
NRG Energy's 479K SF departure pushed Houston's CBD into negative absorption in Q1 despite a 10% surge in citywide leasing activity.
Mesa West Capital provided an $81M floating-rate loan to Knightvest Capital for interior renovations at Domain Memorial, a 313-unit townhome community in Houston.