Commercial real estate news and analysis for the Texas market.
A nearly 40,000-square-foot retail development in the northwest Houston suburb of Cypress has been sold, with JLL Capital Markets brokering the transaction. The deal highlights continued investor appetite for newly constructed neighborhood retail in high-growth suburban corridors.
One of Houston's most prominent energy companies is making a strategic move to downtown, signaling renewed corporate interest in the city's urban core. The deal represents a significant vote of confidence in the central business district's office sector as it competes with suburban alternatives.
Hall Group is building a 677,000-square-foot office tower at its $7 billion Hall Park campus in Frisco, while Jackson-Shaw signed a 606,000-square-foot build-to-suit in Georgetown for a data center equipment manufacturer.
IAC Properties has commenced construction on IAC Pleasant Run, a two-building, 727,080-square-foot speculative industrial development on 52.8 acres in Lancaster, Texas, with delivery expected in early 2027.