Industry News
Trepp Flags $3B in Texas Floating-Rate Apartment Loans Short on Cash Flow
A new Trepp analysis shows that one in four dollars of performing floating-rate Agency multifamily debt in Texas sits on properties whose net...
Adkisson Group Lands Amegy Bank Construction Loan for Nine-Building, 509,000 SQFT Commerce Center Industrial Park in North Houston
Adkisson Group has lined up construction financing from Amegy Bank, arranged by IPA Capital Markets, to build Commerce Center Industrial Park, a nine-building...
Greystar, Whitman Peterson Open 348-Unit Halden at Red Oak With Public Fishing Pond South of Dallas
Greystar and longtime capital partner Whitman Peterson have opened Halden at Red Oak, a 348-residence rental community off Highway 342 in northern Ellis...
Fortress Funds Lead $150MM Facility for Lantern’s Tiger Woods-Designed Bluejack National and Bluejack Ranch Golf Communities
Dallas-based Lantern Asset Management has lined up a $150 million, five-year delayed-draw senior facility led by funds affiliated with Fortress Investment Group to...
Sam’s Club Sets Nov. 19 Opening for 168,000 SQFT Anchor at NewQuest’s $90MM The Grand at 249 in Tomball
Sam's Club will open its nearly 168,000-square-foot warehouse club at The Grand at 249 in Tomball on Nov. 19, giving NewQuest's $90 million,...
Ascension Seton Strikes Deal for Three Family Hospital Systems Facilities in Lake Travis, Cedar Park and Round Rock
Ascension Seton has agreed to buy a pint-sized emergency hospital near Lake Travis and two clinics in Cedar Park and Round Rock from...
HPI Puts $20MM of Its Own Capital Behind 396-Unit The Kent Near Austin’s Domain
Austin-based HPI Real Estate Services & Investments has started construction on The Kent, a seven-story, 396-unit mid-rise at 2631 Kramer Lane, betting that...
Alexandria Writes Down 344,000 SQFT Austin Land Parcel as $638MM in Impairments Drive 3Q Loss
Alexandria Real Estate Equities swung to a $638.5 million third-quarter loss as it marked down assets it now plans to sell, including a...
OHT Partners Breaks Ground on 402-Unit The Barton, Setting Aside 40 of 60 Acres for Green Space in Southwest Austin
Austin-based OHT Partners has started construction on The Barton, a low-density 402-unit rental community of garden-style apartments and townhomes on more than 60...
Dinerstein, Harrison Street Deliver 346-Unit, 873-Bed Aspire Reserve Tower in College Station’s Northgate
A joint venture of The Dinerstein Cos., Up Campus Student Living and Harrison Street has finished Aspire Reserve, a 19-story, 346-unit student housing...
Bedrock Robotics Raises $600MM to Scale Driverless Excavators Proven on Texas Job Sites
Bedrock Robotics, the Waymo-alumni startup that retrofits excavators to dig without anyone in the cab, closed a $600 million Series C at a...
Garfield Breaks Ground on 169,000 SQFT Cade Roanoke Hotel and Convention Center, a 205-Key Curio Collection Bet in Downtown Roanoke
Garfield Public/Private has started construction on Roanoke's long-delayed downtown hotel and convention center, a 205-key Curio Collection by Hilton property beside City Hall...
