- Younger Partners (YPI) hired Steven Grant as managing director of retail brokerage to lead the new division. Younger Partners Investments focuses on retail acquisition of retail investment properties across Texas. Prior to joining Younger Partners, Grant founded SLG Commercial in 2017, a Dallas-Fort Worth-based firm focused on acquiring, operating and repositioning value-add shopping centers.Â
- Foss Real Estate Partners recently arranged $7 million in bridge financing for Oakhollow Business Park, an 84,469 square foot business park in the Dallas-Fort Worth area. Foss built the underwriting, modeled multiple scenarios, and helped finalize the strategy before ultimately securing financing at 70% LTC, fixed at 6.50%, full-term interest-only.
- CenterPoint Properties acquired two newly built distribution facilities at 11217 Telephone Rd. in Houston, Texas. The fully leased warehouses, totaling 192,318 square feet, were built in 2024. The site has Beltway frontage, a 1.34-acre outdoor storage yard, and shallow-bay configurations. JLL Capital Markets brokered the transaction.
- Cambridge Realty Capital provided $6.1 million to refinance Avalon Memory Care Keller in Keller, Texas. Brent Holman-Gomez, Cambridge Senior Vice President, reported that the fully amortized, 35-year loan was provided for the owner, a Texas limited liability company, using the HUD Section 232 pursuant to Section 223(f) funding program, which is used to refinance existing HUD loans. Avalon Memory Care Keller is a 50-bed stand-alone memory care facility.
- JLLÂ Capital Markets arranged construction financing for Clay Road Business Park, a three-building, 483,128-square-foot industrial development in Sunnyvale, located approximately 14 miles east of downtown Dallas. JLL worked on behalf of the borrower, CapRock Partners, to secure a floating-rate, 3.5-year loan with two one-year extension options through a regional bank.
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