​​GRAND PRAIRIE – The first phase of a 25-acre apartment project has begun near Joe Pool Lake. The $73.5 million Jefferson Loyd Park community will be on SH 360 between Debbie Ln. and Broad St. It will have seven three-story buildings, a resort-style pool with cabanas, fitness center, and access to Loyd Park and Joe Pool Lake. […]

​​AUSTIN – The facility housing the Veterans Affairs outpatient clinic at 7901 Metropolis Dr. has been purchased for $142 million.  The new owner is an entity called Austin TX VII FGF LLC. The seller, Health Care Property Advisors, was represented by CBRE. The VA will continue to be a long-term tenant, with a lease that extends into […]

​SAN ANTONIO – A San Antonio night club spared from demolition reopened its doors Sunday as a new community center. Once the heartbeat of conjunto music on the city’s West Side, Lerma’s Nite Club will preserve the musical traditions as the new cultural community center. The building was set to be demolished in 2010, but […]

GALVESTON – Manny Mehos has acquired 70 acres south of FM 3005 from Marquette Cos. with plans of developing an amenitized residential beachside community. Called Roseate Beach, the project will have 172 homesites, including 22 beachfront lots, on a total of 60 acres. Homes will be on 42- to 75-ft-wide lots and range from 2,000 […]

​​PLANO – A Dallas-based private equity manager has purchased an $80 million hotel in the Legacy West Urban Village. The Renaissance Hotel has 304 rooms across 15 stories. Paceline Equity Partners LLC partnered with Hong Kong-based ESR Group for the purchase. The hotel is on Legacy Dr. near the Dallas North Tollway. Paceline manages $1 billion of […]

HOUSTON – An entity controlled by locally based Bridgewell Property Management has acquired two adjacent shopping centers totaling 93,757 sf from Whitestone REIT. Sunridge Shopping Center and Westchase Plaza total 49,539 and 44,398 sf, respectively. They are the northwest and southwest corners of Westpark Dr. and South Gessner Rd. JLL represented the seller.​ read more…

​NEW BRAUNFELS – Since breaking ground almost four years ago, Veramendi has presented 1,200 home lots and 75,000 sf of commercial space. The next phase of development is slated to break ground in the coming weeks and will feature many new expansions.  ​Highland Homes and Coventry Homes have joined the group of homebuilders. Coventry homes will […]

TOMBALL – Homesites within Pulte Homes’ Ellerden, a single-family community off Cypress Rosehill Rd., will be available this fall. The 67-acre community will have 220 homes at buildout alongside amenities such as a pool, cabanas, an event lawn, playground, and outdoor kitchen.​ read more…

HOUSTON – NewsQuest Properties is nearing completion of its $12 million redevelopment West on West, or WoW, at 12220 Westheimer Rd. Slated to open this fall, the 90,000-sf retail center will have 90 percent occupancy overall. The development will be anchored by 99 Ranch Market, which occupies 33,029 sf. Construction started in 2022.​ read more…