RNR Real Estate Briefs – Texas & more

RNR Real Estate Briefs – (Realty News Report) – HOUSTON – Phillips Edison & Co. has acquired Creekside Village Green, a 98% leased, 74,615-SF lifestyle center at 26400 Kuykendahl in The Woodlands. John Indelli, Adam Howells, Ryan West, and Dawson Hastings of JLL Capital Markets represented the seller, Kobalt Investment Co. JLL also arranged acquisition financing. Shadow anchored by H-E-B, the two-story property was built in 2014 by The Woodlands Development Co., a subsidiary of The Howard Hughes Corp. Tenants include Fieldings Local Kitchen + Bar.

“The amount of capital flowing into the retail sector is accelerating with retail being re-rated by investors – meaning its being underwritten as a durable, income producing asset class with upside,” said John Indelli, Senior Director, Capital Markets at JLL. “The property’s quality, strong cash flow and upside potential made it an attractive investment for Phillips Edison & Company.”

HOUSTON – Partners Real Estate announced the sale of a 31,540-SF industrial outdoor storage property on 6.3 acres at 11049 and 11051 Eastex Freeway. The Partners team of Wyatt Huff, Hunter Stockard, and Griff Bandy represented the seller.

HOUSTON – Younan Properties has appointed Partners Real Estate as the exclusive office leasing agent for Two Westlake, a 17-story, 467,000-SF office building in west Houston’s Energy Corridor. Connor Saxe and Michael Anderson will lead the leasing efforts. Two Westlake recently completed a comprehensive renovation with a modern tenant lounge with upscale finishes, updated lobby with coffee bar, fitness center, and conferencing facilities. Available spaces range from 5,000 SF to 200,000 SF.

HOUSTON – Transwestern announced the completion of East Belt Logistics Park, an 858,600-SF industrial development in Northeast Houston. Building 1, located at 12330 Lockwood Road, totals 591,560 SF, while Building 2, located at 12320 Lockwood Road, offers 267,040 SF. Brian Gammill and Craig Bean are marketing the property for lease.

HOUSTON – Southside Bank acquired a 3,925-SF bank building on 1.5 acres at 1410 Research Forest for its first full-service location in The Woodlands. Rob Banzhaf and Axel Hevener of Newcor represented the buyer. Jackson Cain and Ethan Dellmore of the SVN J. Beard Real Estate Co. represented the seller.

MANVEL, Texas – Colliers announced the sale of 45 acres of land along Highway 6 at Kirby Drive adjacent to Manvel Town Center in Manvel. James Kadlick, Harrison Kane, and Chris Hutcheson of Colliers represented the seller.

HOUSTON – Head to Toe Beauty leased a 1,616-SF retail space at 200 Valleywood Road in The Woodlands. Ryan Dierker of Newcor represented the landlord, DFT Properties.

RICHMOND, Texas – Austin Point, a 4,700-acre community in Fort Bend County, has broken ground on The 1824, a 2.5-acre amenity hub anchored by the Honor Society Coffee Co., a Tomball-based coffee roaster and community café.

Texas

SAN MARCOS, Texas – Centurion Property Group acquired the Arba San Marcos student housing community serving Texas State University in San Marcos. JLL’s National Student Housing team represented the seller, Palatine Capital Partners. Built in 2014, the property features 748 beds across 240 units. Texas State posted record enrollment of 44,596 students in Fall 2025, representing a 10% year-over-year increase.

FORT WORTH – City Pickle USA, a locally owned, family-run pickleball facility, is opening at 8600 N. City Drive in Fort Worth. Located in the North City development, the facility features 16 courts, a full gym, dedicated wellness spaces including a sauna, cold plunge, and red-light therapy, a bar, and pro shop.

ROWLETT, Texas – SRS Real Estate Partners has completed the $13.75 million sale of a Crunch Fitness property at 3601 Lakeview Parkway in Rowlett. Matthew Mousavi and Patrick Luther represented both the seller, a multi-state developer, and the buyer, a publicly traded REIT. The property was recently remodeled for Crunch Fitness which opened in October 2025 with a new 15-year corporate-guaranteed lease in place.

DALLAS – Bridge Tower Homes, a Dallas-based residential developer, entered into a joint venture with Osaka, Japan-based Hankyu Hanshin Properties Corp. The partnership will focus on developing residential for-sale communities throughout Texas. The joint venture’s first project is Saddlebrook, a 16-acre community in Corinth, Texas. Scheduled to break ground in March 2026, Saddlebrook will have 97 homes ranging from 1,700 to 2,650 square feet with prices starting at $385,000.

FRISCO, Texas – Newmark arranged the sale and financing of a 424-unit apartment complex in Frisco, Texas. The seller was Bascom Group.

SAN ANTONIO – Finial Group announced the sale of a 21,800-SF warehouse at 15501 Capital Port Drive in San Antonio. William Alcorn and Andrew Bischoff of Finial Group represented the seller.

Nation

BATON ROUGE, La. – The Dinerstein Companies, a full-service real estate and development company based in Houston, in partnership with global alternative investment management firm Harrison Street Asset Management, announced plans to develop two student housing communities near Louisiana State University: Sterling Tiger Valley and Sterling Southgate. The communities are expected to deliver more than 1,700 beds ahead of the 2027 and 2028 academic years.

DENVER – Evergreen Real Estate Group and Globeville Redevelopment Partners, in partnership with the Denver Public Library and the city and county of Denver, have started construction on 4965 Washington Street, a five-story, mixed-use community in Denver’s Globeville neighborhood. The $132 million project will include 170 affordable housing units, a Denver Public Library branch, and a community café, owned by Tierra Colectiva. Completion is planned in fall 2027. Gilmore Construction, EJ Architecture, and John Ronan Architects are working on the project.

NEW CASTLE, Ind. – MAG Capital Partners has acquired a 425,000-SF industrial headquarters in New Castle, Ind. via a sale-leaseback-structured transaction with New Castle Stainless Plate. Comprising more than a dozen buildings on nearly 128 acres, the 549 W. State Road 38 facility specializes in the manufacture of stainless plate products, serving a diverse range of industries including aerospace, energy, chemical processing, and heavy equipment manufacturing. Deutsche Bank provided financing for the acquisition. Stream Capital Partners’ Krupa Shah and Phil DiGennaro advised the seller.

GLENDALE, Ariz. – Cushman & Wakefield announced the sale of Commerce @ 303, a 663,367-SF industrial facility and 32.6-acre development site at 5215 North Alsup Road in Glendale, Ariz. EQT acquired the fully leased property from New York Life Real Estate Investors and developer SteelWave. Will Strong, Molly Miller, Jack Stamets, Michael Matchett, and Madeline Warren of Cushman & Wakefield brokered the sale.

ATLANTA – MDH Partners closed on $107 million in financing from U.S. Bank. The Dune Loan supports nearly 2.2 million SF of MDH’s recent acquisitions across seven markets. JLL’s Chris Drew sourced the financing. The single-tenant assets are fully occupied.

ATLANTA – JLL Capital Markets arranged refinancing for Epicurean Atlanta, a 178-key Marriott Autograph Collection hotel in Midtown Atlanta’s arts and entertainment district. Matt Casey, Matthew Schoenfeldt, Jeff Bucaro, and Streeter Simmons of JLL worked on behalf of the borrower, Selig Enterprises, to secure financing through Great Southern Bank. The 16-story property at 1117 West Peachtree Street anchors Selig’s West Peachtree mixed-use development that also includes a 650,000-SF office building and a 64-unit condo building.

TUCSON, Ariz. – Bascom Arizona Ventures, an affiliate of The Bascom Group, has acquired The Retreat at Speedway, a 304-unit apartment property in Tucson, Arizona, from Weidner Apartment Homes. Institutional Property Advisors, a division of Marcus & Millichap, brokered the sale. The property traded at $175,657 per unit, and Brian Eisendrath and Cameron Chalfant of IPA Capital Markets arranged $47.53 million in acquisition financing. Steve Gebing, Hamid Panahi, Clint Wadlund, and Cliff David of IPA represented the seller

PETERSBURG, Va. – The Cordish Cos. and Bruce Smith Enterprise have opened Live! Casino Virginia, a temporary gaming facility off I-95 at Exit 48B, 25 miles south of Richmond. As the region’s first full-scale casino, Live! Casino Virginia features 75,000 SF of gaming space. Construction is underway on Live! Casino & Hotel Virginia, located on the same 100-acre site as the temporary facility. Anticipated to open late in 2027, the resort will offer 445,000 SF feet of space, including 70,000 SF of meeting, convention, and entertainment space, and a 200-room hotel. The casino will have 1,600 slot machines, 60+ live-action table games, and nearly 20 best-in-class restaurants and bars. Live! Casino & Hotel Virginia is part of a larger $1.4 billion master plan by the partnership, being developed in phases, that will transform the City of Petersburg into a world-class, mixed-use resort destination.

QUEEN CREEK, Ariz. – Vestar, one of the largest privately held shopping center owners and managers in the western U.S., announced the completion of Vineyard Towne Center at Gantzel Road and Combs Road in Queen Creek, Ariz. The $100 million, 260,000-SF development broke ground in 2021 and has reached full occupancy. Tenants include Target, Sprouts Farmers Market, and Pet Supplies Plus. Vestar also recently completed nearby Queen Creek Crossing, anchored by Costco, Ashley Furniture, and Hobby Lobby.

RANCHO SANTA FE, Calif. – Houston-based Belmont Village Senior Living, in partnership with Greystar Real Estate Partners, announced the topping out of Belmont Village Rancho Santa Fe. Designed by HPI Architecture and constructed by W.E. O’Neil, the three-story community spans 187,420 SF. It will provide 185 residences, ranging from studios to 2.5-bedroom, stand-alone casitas in the Lakes at Rancho Santa Fe.

ATLANTA – LTC Properties, a real estate investment trust that invests in seniors housing and health care properties, announced a $108 million Senior Housing Operating Portfolio acquisition in Atlanta. The three-property portfolio, including nearly 400 independent living, assisted living and memory care units stabilized at 92% occupancy, will continue to be managed by The Arbor Co.

Etc.

HOUSTON – The St. Regis Residences, Houston, a 37-story condo development by Satya at 102 Asbury St. off Memorial Drive, reported that only one of the building’s seven penthouses remains available for sale. The $14.5M price tag sets a new milestone of the highest per square foot ever recorded in Houston at $3,100 PSF, according to Douglas Elliman Development Marketing, which is managing sales and marketing for the project.

“The last available penthouse at The St. Regis Residences underscores the strength and maturity of Houston’s luxury market,” said Catherine Lee, President of Douglas Elliman Development Marketing, Texas. “Discerning buyers are consistently choosing standalone branded residences that deliver enduring quality, trusted service, and global brand recognition — all of which is evidenced by the premium price-per-square-foot. Opportunities of this caliber, particularly at this level of scarcity, are increasingly rare.”

Penthouse at The St. Regis Residences, Houston; Rendering courtesy of Shimahara Visual.

The seven penthouses range from 4,500 to 6,500 SF, with units recently selling for $17,995,000 and $14,995,000. The building consists of 90 residences with prices starting at $3 million.

Sunny Bathija, owner and developer of The St. Regis Residences, Houston and CEO of Satya, reports that at the close of 2025 the condominium secured $80M in sales in less than 30 days with $180M in gross sales.

Designed by Pickard Chilton, The St. Regis Residences, Houston is anticipated to break ground in Q1 2026 with completion slated for Q1 2029. The project is located just north of Buffalo Bayou, between River Oaks and Memorial Park.

Residents will have St. Regis butler service, valet, concierge, and access to over 40,000 SF of private amenities, including the 20th floor dining room and cognac bar, a resort-style pool deck with cabanas, a fitness area, spa, wellness center, owner’s lounge, pet spa, and landscaped butterfly gardens.

The St. Regis Residences is part of a co-branding trend to name condominiums with the names of upscale hotels, such as Ritz-Carlton or Waldorf Astoria – or luxury auto brands such as condos called Aston Martin, Porsche of Bentley.

In other Houston projects, Howard Hughes Holdings is developing The Ritz-Carlton Residences, The Woodlands (111 units) and Deiso Moss and Cleary Interests have proposed a 44-story Ritz-Carlton hotel and condominium tower in Uptown.

Feature Photo Caption: The Creekside Village Green lifestyle center at 26400 Kuykendahl in The Woodlands.

Feature Photo credit: Courtesy JLL

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