RNR Real Estate Briefs – Texas & more

RNR Real Estate Briefs – (Realty News Report) – HOUSTON – Texas-based Aligned Ventures acquired the 200-unit Green Tree Place apartments at 700 Dunson Glen Drive in west Houston. The garden-style complex was built in 1984. Chris Young, Chris Curry, Jeffrey Skipworth, Joey Rippel, Kyle Whitney, and Jed Dalton of Berkadia represented the seller, Kairos Investment Management. Tim Leonhard of Berkadia Affordable Housing arranged financing.

MONT BELVIEU, Texas – SM Belvieu, LLC acquired 1.8 acres at the northwest corner of Eagle Drive (FM 3180) and Langston Blvd. in Mont Belvieu from the City of Mont Belvieu. The land will be used for the development of a 12,500-SF multi-tenant retail strip center. It will be anchored by a Rotolo’s Craft & Crust Italian restaurant occupying 4,900 SF on the end-cap. Greg Shaw with Shaw Commercial Properties represented the seller. Jack Savery with Blue Ox Group represented the buyer. Rotolo’s has other area locations in League City and Spring.

RNR Real Estate Briefs KB model home in Davina. KB Home courtesy photo.

HOUSTON – KB Home announced the grand opening of Davina, its newest community in Rosenberg, Texas. Davina’s one- and two-story floor plans feature up to five bedrooms and three baths. Planned community amenities include a playground, pickleball court and park with a 150-year-old heritage live oak tree. Zones for the Lamar ISD, Davina is south of Highway 59 off Highway 36, about 35 miles southwest of downtown Houston. Pricing begins from the low $300,000s.

HOUSTON – Good Good Thai Kitchen leased 3,600 SF of restaurant space at Friendswood Shopping Center, 146 W. Parkwood Ave., Friendswood. Kimberly DeVos of Cypressbrook Co. represented the tenant. Lara Lee LaMendola of NewQuest Properties represented the landlord, A-S 108 Friendswood Crossing, L.P.

HOUSTON – Bold Fox Development has facilitated the issuance of Texas MUD Forward Funding Launch Bonds to fund nearly $40 million for additional phases in two residential developments — Attwater in Waller and La Segarra in Brookshire. The financing mechanism, led by Launch Development Finance Advisors, provides developers with funds for upfront infrastructure costs in anticipation of future municipal utility district reimbursements. The Attwater bond is for $19,588,813 and the bond for La Segarra is $19,401,334. Attwater is planned for 1,200 homes on 470 acres near Highway 290, FM 362 and Owens Road in Waller. La Segarra is 215-acre community near Gassner Road and FM 362 in Brookshire.

HOUSTON – MGI USA Corp. leased a 4,615-SF warehouse at 16217 North Freeway, Building 6. Chase Tucker with Finial Group represented the landlord.

HOUSTON – Mac Haik Restaurant Group reached a franchise agreement to bring Starbird, a California-based premium fried chicken fast-food brand, to Texas. The chef-backed chain was founded in 2016.

HOUSTON – Speak For Yourself, LLC renewed a 3,341-SF lease at 2180 N Loop W. Oxford Partners’ Perry Mazzone represented the tenant. Robert LaCoure of Cushman & Wakefield represented the landlord, Gupta Houston Properties.

Texas

FREDERICKSBURG, Texas – Parkspring Multifamily is set to break ground on The Lucille, a 240-unit garden-style apartment complex on Friendship Lane just west of Main Street in Fredericksburg. Located on 14.3 acres, the project will have 156 one-bedroom and 84 two-bedroom homes. Opening is planned in 2028. The Lucille is near the forthcoming Waldorf Astoria Texas Hill Country, scheduled to open in 2027. Texas-based Parkspring has developed and acquired more than 32,000 multifamily units nationwide.

RNR Real Estate Briefs Madera Residential now owns the Jefferson Cove apartments. Newmark courtesy photo.

DALLAS – Madera Residential acquired Jefferson Cove, a 283-unit Class A multifamily community in the Grand Prairie submarket within the Dallas–Fort Worth Metroplex. Brian Murphy, Brian O’Boyle, Jr., and Richard Furr of Newmark represented seller, TDI. Purvesh Gosalia of Newmark arranged acquisition financing. The garden-style property was completed in 2024. According to Newmark Research, the South captured 53.8% of total U.S. apartment sales demand in 2025.

RED OAK, Texas – Summit RE announced the sale of the 7,800-SF Olive Garden on N I-35 E Road in Red Oak, Texas, to a local buyer. The property is positioned as a pad site to the newly developed B&B Theaters and Red Oak Entertainment District near Google’s planned second Texas campus. Adam Gottschalk of Summit RE represented the local developer.

RNR Real Estate Briefs Wood Partners is developing Alta Preserve in Allen, Texas. Wood Partners courtesy rendering.

ALLEN, Texas – National multifamily developer Wood Partners will soon break ground on Alta Preserve, a 311-unit apartment community in Allen, Texas north of Dallas. Delivery is planned in the second quarter of 2027. Alta Preserve is Wood Partners’ third phase within The Farm, a 135-acre, mixed-use, master-planned development, offering residents direct access to restaurants, entertainment, hotel and retail nearby. At build out, the project will have several pocket parks, a 2.5-acre lake with programmed common areas and 2.5 miles of hike and bike trails. Alta Preserve marks Wood Partners’ third phase of construction at The Farm. Wood Partners recently broke ground on Alta Timberline, a 204-unit community in Tomball.

BRYAN, Texas – SRS Real Estate Partners completed the $2.24 million ground lease (land ownership) sale of a Murphy USA property at 2001 E. Highway 21 in Bryan, Texas. Built in 2025 and situated on 1.11 acres, Murphy USA recently signed a 20-year, corporate-guaranteed absolute triple net lease. Jake Prater, Patrick Luther, and Matthew Mousavi of SRS Capital Markets represented the seller, College Station-based Culpepper Realty. The all-cash buyer was a private investor from Utah who owns several other Murphy USA ground leases.

DALLAS – 3DFORUS LLC has renewed 7,085 SF of flex space in Park Forest Business Center, 10500 Metric Drive, Dallas. Lee Horn II of Bradford Commercial Real Estate Services represented the landlord, Tyler Family Real Estate Investments. Stewart Fuller of NAI Robert Lynn represented the tenant.

RNR Real Estate Briefs The 19-story Statler Hotel & Residences in downtown Dallas is owned by Centurion American Development Group. Bradford Commercial Real Estate courtesy photo.

DALLAS – JA Suites leased 5,998 SF of vacant office space for a high-end, 23-space salon in The Statler Hotel & Residences, 1914 Commerce Street, Dallas, from Centurion American Development Group. Erik Blais and Sam Joyner of Bradford Commercial Real Estate Services represented the landlord.

DALLAS – Versal announced the sale of Lasoto Self Storage in Lancaster, Texas. The property has 265 units totaling 44,940 SF. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the Comfort, Texas-based seller.

Nation

ATLANTA – Airia, an enterprise AI security, orchestration and governance platform, leased 10,000-SF at Coda, Portman’s mixed-use development at 756 W. Peachtree Street in Midtown Atlanta’s Tech Square. Stream Realty Partners’ Preston Menning, Glenn Kolker, and Malik Leaphart represented the landlord. Trey Dove of Capital Real Estate Group represented Airia, which has coworking space at the building. The deal follows a recent lease with Tractian, another fast-growing AI company, that committed to nearly 22,000 SF.

RNR Real Estate Briefs Coda is a 770,000-SF mixed-use development by Portman in Midtown Atlanta’s Tech Square. Portman courtesy photo.

“Our vision for Coda was to bring together innovative people and companies in the heart of Atlanta’s innovation district,” said Travis Garland, Chief Development Officer at Portman. “Airia’s decision to expand here is a testament to the power of a well-executed, connected and interactive mixed-use environment and highlights the competitive advantage of being located adjacent to the region’s top tech talent.”

ALBUQUERQUE, N.M. – Titan Development announced a partnership with Onset Hospitality to curate, program, and manage the new Highlands Central Market food hall located on Central Avenue in Albuquerque’s East Downtown neighborhood. The Highlands Central Market will be on the ground floor of the 126-room Marriott Residence Inn, currently under construction.

RNR Real Estate Briefs Kingsbury Center in Chicago is 100% leased. Westwood Financial courtesy photo.

CHICAGO – Westwood Financial, a retail real estate investment firm, announced the sale of Kingsbury Center, a 53,910-SF center at 1415-1435 N. Kingsbury St. in Chicago’s Lincoln Park neighborhood. The property is dual-anchored by Sky Zone and PetSmart, which occupy 35,386 SF and 18,524 SF, respectively. Following the departure of Buybuy Baby in 2023, Westwood Financial secured a 10-year lease with Sky Zone to backfill the entire space.

Mark Your Calendar: Commgate’s annual Developer Showcase will be held April 29 from 4:30 to 7:00 PM at the Houston Country Club. The event will provide Houston’s brokerage community an overview of significant Houston area commercial real estate developments in a small-scale trade show format. For more information: www.Commgate.com

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