RNR Real Estate Briefs – (Realty News Report) – CHANNELVIEW, Texas – Apricus Realty Capital, a Dallas-based firm specializing in industrial outdoor storage assets, acquired a 9.2-acre IOS property at 403 W. Brentwood St. in Channelview, about 18 miles east of Houston off I-10. The property is leased to GFL Plant Services, an industrial services provider supporting the Houston Ship Channel’s petrochemical industries. The site includes 50,000 SF of specialized industrial improvements, including 10 wash bays/sumps, multiple above-ground process water tanks, a clarifier tank, enhanced sprinkler/shower system and electrical improvements. The property was acquired in partnership with ABR Capital Partners.
HOUSTON – CrownPoint Partners arranged the $27.2 million off-market sale-leaseback of a five-property gas station portfolio in Texas. Julius Swolsky and Don Bingham III of CrownPoint represented the seller and buyer, a Delaware-based private investment group. Newmark Title Services handled closing.
HOUSTON – Bayou City Hemp Co. expanded its lease to 18,812 SF of flex space at 16700 Park Row Drive. Jason Gibbons and Andrew Bischoff of Finial Group represented the landlord.
HOUSTON – Partners Real Estate arranged a 50,995-SF industrial manufacturing lease at 6410 Langfield Road, Building F, in Houston. Partners’ Travis Land and Braedon Emde represented the landlord. Gary Lawless and Kyle Willard with Cresa represented the tenant.
KATY, Texas — Johnson Development has unveiled plans for Ricestead, an amenity complex in the 1,130-acre Grange community where the initial residents moved in this summer. A large village green will be a central focus of Ricestead, which is designed for outdoor concerts, farmers markets, and seasonal celebrations, The portion of Ricestead along Franz Road will include mix of retail. “Ricestead will be far more than an amenity center,” said Jacob W. Rice, Vice President and General Manager of Grange.
HOUSTON – Triten Real Estate Partners has acquired a 140,181-SF fully leased industrial property at 1811 Brittmoore Road in Northwest Houston. The property, located near Beltway 8, Highway 290, and I-10, is Triten’s sixth industrial property acquisition in 2025.
Texas
AUSTIN – Missio Capital and Bow River Capital acquired Veranda, a 362-unit multifamily property at 7205 E. Ben White Blvd. in Austin. Patton Jones and Andrew Dickson of Newmark Multifamily Capital Markets represented the seller, Wayfinder Real Estate. Adam Randall and John Westby-Gibson of Newmark arranged financing. The property was completed in 2024 and has an average unit size of 802 SF.
EULESS, Texas – Western Wealth Capital acquired the 97-unit Park Place Townhomes in Euless. The deal represents the company’s 22nd multifamily acquisition in the Dallas-Fort Worth market. The transaction was purchased off market with the assistance of Brian Murphy of Newmark Dallas. StepStone Real Estate is a majority equity partner in the transaction. Katie Runyan of Walker & Dunlop handled the loan assumption associated with the purchase. “We’re seeing clear buying signals in the market, with property values down 30–40% from their peak, rent growth poised to rebound, and job growth remaining strong,” said Doug Mather, WWC’s Chief Investment Officer.
AUSTIN – CBRE secured a $75 million note-on-note financing to facilitate a $105 million first lien construction loan for a 223,500-SF build-to-suit life sciences laboratory building at 3600 Breakthrough Loop in Austin’s EastVillage community. The pre-leased building will be occupied by BillionToOne, a molecular diagnostics company, upon completion in April 2027. It will be BTO’s fourth location with longtime real estate partner and developer, Tarlton Properties, and its first facility outside of the San Francisco Bay Area. The building will house more than 1,000 employees including laboratory technicians, clinical laboratory scientists, automation engineers and post-doctoral researchers. CBRE’s Bob Ybarra, Jim Korinek, Doug Birrell, Zack Holderman, and Jesse Greshin worked on the transaction. The project is part of the EastVillage ATX, a 425-acre development offering a 1.5 million-SF health and life science campus, 350,000 SF of retail and restaurants, hotels, entertainment, 2,500 multifamily units, and 450 single-family homes.
SAN MARCOS, Texas – Ledo Capital Group, in partnership with St. Clair Commercial Real Estate, broke ground on Phase One of San Marcos Business Park, a three-building, 665,760-SF industrial development in San Marcos. The 45-acre site is just north of River Ridge Parkway and the Blanco River. Sam Owen, Kevin Cosgrove, and Luke Watson of Stream Realty Partners will lead leasing. Phase One will deliver Building C, a 377,300-SF facility with 36-foot clear heights, 80 dock-high doors, a 185-foot truck court, heavy power, and 3,485 SF of office space. Future phases include Building A (204,460 SF) and Building B (84,000 SF). ARCO/Murray is the general contractor.
SAN ANTONIO – Partners Real Estate arranged a new lease for a multi-state IOS yard operator for a 17-acre site at 14603 Speedway Park in San Antonio. Stan Nowak, Colten Courtney, and David Oldham represented the landlord, Evergen Equity.
RICHARDSON, Texas – MG Properties, a private real estate investment firm specializing in multifamily properties, entered Texas with the acquisition of Ovation at Galatyn Park apartments in Richardson. The sellers, which included Legacy Partners along with an institutional partner, were represented by Daniel Baker, Johnathan Makus, Kevin O’Boyle, and Chandler Sims of CBRE. San Diego-based MG Partners has a portfolio of 32,000 units in 116 communities.
DALLAS – Clearwater Living announced the addition of Clearwater Highland Park, a 121-unit property senior living community at 4215 Herschel Avenue of Dallas. This newly developed community in the Turtle Creek neighborhood represents Clearwater’s third in Texas.
DALLAS – JLL Capital Markets announced the sale of the DFW Bulk Portfolio, a 1,666,553-SF industrial portfolio comprising four institutional-grade properties across three Dallas-Fort Worth submarkets. The portfolio was acquired by an Ares Real Estate fund and will be managed by Ares Industrial Management. It is fully leased to six tenants across diverse industries. Trent Agnew, Tom Weber, Pauli Kerr, Keenan Ryan, and Brennan Fewin of JLL represented the seller.
National
PHOENIX – BKM Capital Partners, an institutional fund manager specializing in multi-tenant light industrial real estate, and Kayne Anderson Real Estate have acquired an 889,352-SF portfolio in Metro Phoenix. The $167.9-million acquisition, which involves 8 small-bay properties in the Airport and Tempe submarkets, brings BKM’s total assets under management to more than $3 billion as the firm expands it national footprint. An affiliate of Equus Capital Partners sold the portfolio, which contains 364 units in 41 buildings that are 89% occupied. The purchased consisted of Elwood Industrial Center and the Roeser Commerce Center in the Airport submarket and Buttes Business Center, Tempe Commerce Center, Priest-Excel Business Park, Expressway Corp. Center, Mineral Road, and Harl Industrial Park in Tempe. CBRE National Partners’ Rusty Kennedy, Joe Cesta, and Darla Longo represented the seller. Brett Turner and Michael Grossner led BKM’s in-house acquisitions team. BKM’s Arizona portfolio now totals 4.5 million SF across 27 properties.
SAN FRANCISCO – Shorenstein Investment Advisers, an owner and operator of office, residential and mixed-use properties across the U.S., acquired Park Place at Bay Meadows in San Mateo, Calif. The 209,000-SF mixed-use property includes 1100 Park Place and 1200 Park Place in the San Francisco Peninsula submarket.
FOREST PARK, Ohio – Hillwood Investment Properties, a Perot Company, announced that The Hillman Group has signed a lease for a new multipurpose facility on the former Forest Fair Mall property. The development will allow The Hillman Group to consolidate operations from multiple Cincinnati-area sites. The planned Class A facility will include a 715,736-SF building and an expansion pad for an additional 162,000 SF. Demolition of the mall is underway, and construction of the building will begin in May of 2026 with a targeted completion of mid-2027. Hillman Group provides hardware-related across North America.
PHOENIX – Indus Realty Trust, a U.S.-based logistics real estate business, completed the acquisition of a fully leased, three building, 731,571-SF Class A warehouse/distribution portfolio Phoenix. Will Strong and Molly Hunt of Cushman Wakefield arranged the transaction.
RALEIGH, N.C. – Tanium, a leader in Autonomous Endpoint Management, expanded its lease at 555 Mangum in Downtown Durham to 48,000 SF. Matt Winters and Kimarie Ankenbrand off JLL represented Tanium in both the initial 25,000-SF lease and the expansion. The building is owned by Northwood Ravin.
ATLANTA – Kaufman Capital Partners has hired DASH Hospitality Group to advise on curating the entertainment and dining experience for the redevelopment of Doraville City Center. The People’s Building, a 30,000-SF community hub, will house City Hall, a public library, creative studios, two rooftop spaces for private events and ground-floor restaurants that open to a large green space. Located on 13 acres between New Peachtree Road and Buford Highway, Doraville City Center will begin construction this fall following the demolition of vacated buildings onsite. Completion is planned in 2028.
Etc.
HOUSTON – Houston-based automated 3D printed construction company HiveASMBLD has partnered with Cole Klein Builders and the City of Houston to create Zuri Gardens, an affordable housing development of 80 homes. Located on 13 acres at Madden Lane and Carson Road in Southeast Houston, the project combines 3D printing technology with panelized construction technology supplied by LP Building Solutions. Homes will average about 1,360 SF and start in the mid to high $200,000s. The homes will feature two bedrooms, two and a half baths, an office/flex space, and a covered patio.
HOUSTON – Two hotels in north Houston’s City Place community have completed multi-million-dollar renovations. Residence Inn Houston City Place, a 128-room extended-stay hotel that opened in 2015, features rooms with warm wood tones and a color palette of earthy neutrals, bronze, sage green, and blue accents. Key updates include a redesigned lobby and public spaces with modern seating and improved lighting and contemporary guestroom furnishings. The renovation at the 125-key Courtyard Houston City Place, which opened next door in 2016, builds on its energy-industry-inspired theme with richer textures and tones. Situated just east of the City Place urban core, the hotels are within walking distance of major employers, green spaces, scenic trails, dining, shopping, and entertainment. City Place is located at the Grand Parkway and Interstate 45.
HOCKLEY, Texas – Johnson Development added some larger lot options in the next phase of its Jubilee master planned community northwest of Houston. The developer will offer more than 175 70-foot homesites and more than 100 80-foot homesites. Highland Homes and Newmark Homes will build on 70-foot lots. J. Patrick Homes and Perry Homes will sell homes on 80-foot lots. All of the builders have started presales, with pricing from the $600,000s. The first phase of Jubilee’s Joy Hub recreation complex is nearly complete, including a pool, splash pad, co-working lounge, event lawn, and poolside pop-up pantry.
NEW CANEY, Texas – The Signorelli Co. and East Montgomery County Improvement District are on track to complete the 210,000-SF convention center in the Valley Ranch Entertainment District in New Caney in late 2026. Tilt wall panels have been erected for the administrative offices, kitchen, and maintenance/storage areas on the north side of the facility, and structural steel is now rising in those same areas. Excavation has begun for the attached 813-space parking garage. The facility will be able to host multiple events including corporate meetings, trade shows, youth sporting events, expos, and galas.
DALLAS – Colliers announced the acquisition of Greystone Sales Group (GREA Dallas), a prominent multifamily investment sales firm in Texas. The firm’s 25 professionals serve private and institutional investors nationwide.
Sept. 13, 2025 Realty News Report Copyright 2025
CommGate will host its Economic Outlook –Wednesday, Oct. 15 from 3 to 6 p.m. at the Houston Country Club. Economist Ted C. Jones, PhD, will present an economic forecast examining trends that will shape the real estate market in the coming year. Following the presentation, connect at a networking social with beverages and hors d’oeuvres. Free for members of CommGate, CCIM, and SIOR. Non-members $50. For information: click here.
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Caption: Newmark arranged the sale and financing of Veranda, a 362-unit multifamily property located at 7205 E Ben White Boulevard, just minutes from downtown Austin. Photo courtesy. Newmark