Texas

Arc-at-the-Grid-Stafford
FinanceNewsTexas

Lone Star Refinances Two Metro Houston Assets with $110M Loan

by Lynn Peisner

STAFFORD, TEXAS — Affiliates of Lone Star Funds, a London-based global investment firm, have secured a $110 million refinancing loan for two properties in Stafford. The neighboring communities, 1879 at the Grid and Arc at the Grid, were built in 2019 and 2020 respectively and are located within a 192-acre mixed-use redevelopment of the former Texas Instruments campus about 17 miles southwest of Houston called The Grid. Walker & Dunlop’s team led by Dustin Stolly, Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Sean Reimer, Michael Ianno and Edward Leboyer …

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The-Waylon-Austin
Architecture & DesignDevelopmentNewsTexas

KTGY, Riverside Open The Waylon in North Austin

by Lynn Peisner

AUSTIN, TEXAS — Architect KTGY and locally based developer Riverside have completed and opened The Waylon, a 300-unit, five-story community in North Austin. The interior designer was Vida Design and Nudge Design was the landscape architect. Amenities include a pool, sky lounge and deck, coworking space, a fitness center with a yoga room and a dog run. The property was developed on a former surface parking lot for an exisiting office property. KTGY is headquartered in Irvine, California and operates offices throughout the United States.

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The-Standard-at-CityLine-Richardson
FinanceNewsTexas

Northmarq Arranges Refinancing of The Standard at CityLine in Metro Dallas

by Lynn Peisner

RICHARDSON, TEXAS — Northmarq’s Kevin Leamy has arranged a refinancing loan for The Standard at CityLine, a 403-unit mid-rise at 1125 E. Renner Road in Richardson. Price Realty Corp. was the borrower, and New York Life was the lender. The loan amount was not disclosed. Completed in 2015, The Standard at CityLine features one- and two-bedrooms with a pool with cabana and large-screen TVs, courtyard with fireplaces, grills and valet trash pickup.

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Bishop-Arts-Dallas
Investment SalesNewsTexas

JLL Arranges Portfolio Sale, Including Four Multifamily Properties, in Dallas

by Lynn Peisner

DALLAS — JLL has arranged the sale of the Bishop Arts retail and multifamily portfolio comprising four multifamily properties (539 units) and 40,747 square feet of retail along North Bishop Avenue in Dallas’ Bishop Arts District. JLL’s Trey Morsbach, Bill Miller, Greg Toro, Adam Howells, Clint Coe, Caroline Novak and Erin Lazarus represented the seller and developer, Exxir, a real estate company owned by the Nazerian family, in the transaction. Hines was the buyer. The retail component of the portfolio occupies about an acre at 205, 250, 275 and 308 …

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The-James-College-Station
DevelopmentNewsTexas

McGrath Breaks Ground on 279-Unit Project in Bryan, Texas

by Lynn Peisner

BRYAN, TEXAS — McGrath Real Estate Partners has begun construction of The James, a 279-unit community within CamWesT Crossing, a 47-acre mixed-use development in Bryan. The James will offer a mix of one-, two- and three-bedroom floor plans, with some first-floor units featuring front porches. Amenities will include a resort-style pool, fitness center, outdoor amphitheater with a stage and Jumbotron TV. CamWesT Crossing is a phased development that calls for office, multifamily and retail uses. Phase I included a four-story office building developed in 2019, while Phase II encompasses The …

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HSR-LBJ-Dallas
Affordable HousingDevelopmentNewsTexas

High Street Residential Breaks Ground on North Dallas Mixed-Income Office Conversion

by Lynn Peisner

DALLAS — High Street Residential, a subsidiary of Trammell Crow Co., both based in Dallas, has broken ground on a 435-unit community in North Dallas. Greenwich, Connecticut-based Acram Group is a general partner, and Parse Capital, headquartered in Scottsdale, Arizona, provided an undisclosed sum of equity. The project, yet to be named, is an office conversion. The community will include 218 affordable units and 217 market-rate apartments. Earlier Dallas Public Facility Corp. approvals called for 5 percent of units to be reserved for households earning below 50 percent of area …

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Evergrove-Leander
Investment SalesNewsTexas

Haven Housing Acquires The Evergrove at Crystal Village in Austin Suburb

by Lynn Peisner

LEANDER, TEXAS — Haven Housing, the multifamily and affordable housing division of Los Angeles-based commercial real estate investor BH Properties, has acquired The Evergrove at Crystal Village, a 346-unit garden-style property in the Austin suburb of Leander. The seller and sales price were not disclosed. Located at 2090 Raider Way, The Evergrove was completed in 2024 and is located within Crystal Village, a master-planned, mixed-use development. The property was 92 percent occupied as of September. Situated on 15 acres, The Evergrove comprises a mix of one-, two- and three-bedroom apartments along …

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The-Barton-Austin
DevelopmentNewsTexas

OHT Breaks Ground on The Barton in Southwest Austin

by Lynn Peisner

AUSTIN, TEXAS — Locally based OHT Partners has broken ground on The Barton, a 402-unit development on approximately 60 acres in Southwest Austin. Forty acres will be designated as green space. Located at 8956 W. State Highway 71, The Barton comprises one-, two- and three-bedroom units, 30 of which will be townhomes. Amenities include two resort-style pools, a 9,000-square-foot clubhouse, a 1,500-square-foot fitness center, 1,500 square feet of coworking space, two pickleball courts, a 1.4-acre dog park, a trail system and multiple community courtyards. OHT is serving as developer as …

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Coppertree-Village-Houston
Affordable HousingDevelopmentNewsTexas

Fairstead Completes $26M Renovation of Coppertree Village in Houston

by Lynn Peisner

HOUSTON — Fairstead, a New York City-based affordable housing developer, has completed the $26 million renovation of Coppertree Village, a 324-unit affordable housing community in the Acres Homes neighborhood of northwest Houston. Fairstead’s renovations included new kitchen cabinetry, countertops and energy-efficient appliances; upgraded bathrooms with new plumbing fixtures; a new outdoor playground; and perimeter fencing and controlled access. Units are rent restricted to 50 and 60 percent of area median income. Coppertree Village was originally developed in the early 1970s.

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230-West-Alabama-Houston
BerkadiaInvestment SalesNewsTexas

Fat Property Buys Two 1960s Apartment Buildings in Midtown Houston

by Lynn Peisner

HOUSTON — Berkadia has arranged a two-property sale in Midtown Houston. The communities, 220 and 230 West Alabama, comprise 131 units. The buyer was locally based Fat Property. Berkadia’s Houston-based team of Kyle Whitney, Chris Curry, Jeffrey Skipworth, Chris Young, Joey Rippel and Tucker Fama represented the seller, an affiliate of Culver City, California-based Realty Center Management Inc. Built in 1960 and 1965 respectively, 220 and 230 West offer studio, one- and two-bedroom apartments as well as pools, fitness centers and pet amenities.

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