Texas - The Real Deal

Multifamily developers win in state lawmakers’ zoning deregulation

TRD Staff — Thu, 22 May 2025 21:09:39 +0000

Texas lawmakers are clearing the way for new homes on old commercial sites. The Texas House of Representatives have approved a measure to allow apartments and mixed-use projects to be built along retail corridors and on office-zoned land without rezoning, the Texas Tribune reported. Senate Bill 840 aims to fast-track housing development by removing local […]

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Bexar County pitches $450M venue tax to fund Spurs arena

TRD Staff — Thu, 22 May 2025 19:00:00 +0000

A venue tax could be the next play in San Antonio’s high-stakes arena game. Bexar County officials are weighing a potential referendum to raise $450 million to support the city’s push for a new downtown arena for the San Antonio Spurs, the San Antonio Business Journal reported. Creating the countywide venue tax would require voter […]

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Dallas lines up $1B bridge loan for convention center redo

TRD Staff — Thu, 22 May 2025 18:17:09 +0000

Dallas’ bid to stay in the big leagues of convention destinations could start with a massive bridge loan. The city is seeking $1 billion from JPMorgan Chase to keep its massive convention center redevelopment on track ahead of the 2026 World Cup, the Dallas Business Journal reported. City officials and Inspire Dallas, the group leading […]

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$70M pro soccer complex to open door to development in Garland

TRD Staff — Wed, 21 May 2025 22:37:09 +0000

A suburb northeast of Dallas may soon be home to a pro soccer field. Garland is considering a $70 million public investment in a soccer complex, the Dallas Business Journal reported. Officials aim to lure a United Soccer League franchise while opening the door for long-term mixed-use development. Plans for the complex call for up […]

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Mansfield gives Hoque Global second chance on $50M development

TRD Staff — Wed, 21 May 2025 20:00:00 +0000

Hoque Global is renegotiating a deal after a missed development deadline. The city of Mansfield, a suburb south of Arlington, is giving Hoque a mulligan after it missed a construction deadline on its proposed $50 million Smith & Elm mixed-use project, the Dallas Business Journal reported. The developer had until Dec. 30 to pour the […]

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Benefit Street takes to LinkedIn to sell distressed apartments

Jess Hardin — Wed, 21 May 2025 19:30:00 +0000

Benefit Street Partners is taking a different tack to offload a suburban Dallas apartment complex it’s planning to foreclose on. Benefit Street’s Head of Commercial Michael Comparato took to LinkedIn to scrounge up a buyer for the Avenues at Carrollton, a 268-unit apartment complex scheduled to be sold at a foreclosure auction June 3. Comparato […]

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Emma Stone’s $27M Austin estate hits the market

TRD Staff — Wed, 21 May 2025 18:00:00 +0000

An A-lister’s renovation project in Tarrytown is headed to market. Actress Emma Stone listed her recently renovated estate in the West Austin neighborhood for $26.5 million, positioning it among the priciest residential listings in the city, the Wall Street Journal reported. The 10,000-square-foot property, spanning 1.25 acres, includes a Georgian-style main house dating to the […]

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Entrada arrives in Austin’s massive student-housing market

TRD Staff — Tue, 20 May 2025 22:57:59 +0000

Austin’s student housing scene is growing up, and Entrada Partners wants in. The Dallas-based firm acquired a 243-bed student housing complex in West Campus, adding to its portfolio in one of the nation’s most active student housing submarkets, the Austin Business Journal reported. The firm purchased 24 Longview, a 70-unit property at 2401 Longview Street, […]

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Autry Park adds office building as Houston pipeline thins out

Jess Hardin — Tue, 20 May 2025 22:14:00 +0000

Hanover Company and Local scored a construction loan to build a Houston office building as the market’s pipeline thins out. The Houston-based developers landed financing to build Autry Park One, a 128,000-square-foot office building that will be part of the mixed-use development Autry Park, according to a release. JLL’s Colby Mueck, Cortney Cole and Kevin […]

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Another Majestic exec exits $1B stockyards project

TRD Staff — Tue, 20 May 2025 18:38:26 +0000

Another central figure in the team behind the $1 billion Fort Worth Stockyards redevelopment has exited. Kayla Wilkie, formerly California-based Majestic Realty Company’s director of design and development for lifestyle and hospitality, left the firm last week, the Dallas Business Journal reported. The reason for her exit wasn’t reported. It is the second high-profile exit […]

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