A joint venture between two well-known commercial real estate firms has begun construction on a new, upscale apartment community in the Clear Lake, Texas area, a growing suburban community southeast of Houston.

OHT Partners and a real estate fund advised by Crow Holdings have begun construction on a 336-unit apartment community located at 16200 State Highway 3, which offers an abundance of nearby employment opportunities that include NASA Space Center, Bay Area Medical Center and the Port of Houston. The site is also within the coveted Clear Creek Independent School District.

The community, which has yet to be formally named, will feature a “modern European farmhouse” design aesthetic, blending traditional architectural forms with refined, contemporary finishes. The exterior showcases clean gabled rooflines and light brick while the interior introduces soft, natural materials to invoke a sophisticated, yet understated, style.

Units will range in size from one to two bedrooms with anywhere from 689 to 1,072 square feet. Upscale features will include smart technology for doors and thermostats, quartz countertops, refrigerators with French doors, brass hardware, built-in open shelving and mud rooms.

Community-wide amenities will include a 24-hour accessible co-working space, fitness center, clubroom with a kitchen, package lockers, resort-style pool with a pavilion and cabanas, 3,500-square-foot dog park, pet spa, elevators, conditioned corridors, electric vehicle chargers and community-wide Wi-Fi.

Construction is slated to wrap up in the third quarter of 2027.

In addition to the developers, project team members include:

·         Architect: Meeks + Partners

·         Civil engineer: Quiddity Engineering

·         Structural engineer: United Structural Consultants

·         Mechanical, electrical and plumbing engineer: MEP Delta Design

·         Interior design: Ellie Aiello Interiors

·         Landscape architect: KFM Engineering & Design

Marcus & Millichap negotiated the sale of a 92-room Home2 Suites by Hilton hotel property in Houston, Texas. 

Skyler Cooper, investment specialist in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller, XE Hospitality, and procured the buyer, DeRosa Capital 20 Houston, LLC. The transaction received additional support from Chris Gomes, Allan Miller and Raj Patel of the Miller-Gomes Hotel Team. 

The hotel is situated on 1.96 acres at 705 N. Sam Houston Parkway E., just six miles from George Bush Intercontinental Airport. Built in 2019, the hotel offers amenities such as an outdoor pool, fitness center, business center and complimentary airport shuttle. Positioned at the intersection of Beltway 8 and Hardy Toll Road, the property benefits from strong visibility and the growing Houston market. 

Altus Group Limited reported a strong rebound in U.S. commercial real estate sales in the third quarter, with new data showing a market that might have found its footing after a sluggish start to the year.

According to the company’s CRE Investment and Transactions Quarterly Report released earlier this month, investors poured $150.6 billion into U.S. commercial properties during the third quarter.

That figure represents a 23.7% increase from the previous quarter and a 25.1% jump from the same period one year earlier. These gains mark one of the strongest quarterly turnarounds the industry has posted since before the COVID pandemic.

Multifamily properties once again led the charge. Altus reported that spending on apartment deals climbed 51.1% on a year-over-year basis, accounting for more than one-third of all single-asset transactions during the quarter.

Industrial, office and general commercial assets also posted annual growth that outpaced the broader 25.1% market-wide increase.

Not every sector joined in the rally, though: Hospitality sales slid 11.9% from one year earlier, underscoring the unevenness that still defines parts of the investment landscape.

The strong third quarter helped bring total commercial real estate sales volume to $375 billion through the first three quarters of 2025, up 10.3% from the same period in 2024 and 13% from 2023. Nearly every sector saw strong price growth, too, with the median price per square foot of U.S. commercial real estate rising 2.9% quarter over quarter and 14.2% this year when compared to last.

The rise in pricing is an encouraging signal for owners, many of whom spent much of the past two years navigating interest-rate volatility and shifting lender expectations. A stronger pricing environment suggests that investors are increasingly willing to engage, even as borrowing costs remain higher than they were during the low-rate era of the early 2020s.

Marcus & Millichap negotiated the sale of Uptown Center, a nine-suite retail strip in Cedar Hill, Texas. 

Philip Levy and Scott Abeel, investment specialists in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller and procured the buyer. 

Uptown Center is a 22,844-square-foot, fully occupied retail center at 613 Uptown Blvd. Built in 2005 on 2.738 acres, the property includes two multi-tenant buildings with triple-net leases and a mix of service-oriented tenants. The center is shadow-anchored by a high-traffic Walmart Supercenter and benefits from visibility along Uptown Boulevard near the intersection of U.S. Highway 67 and FM 1382, which sees about 97,585 vehicles per day. 

 JLL Capital Markets arranged the sale of Ashford Village, an 81,407-square-foot grocery-anchored retail center in Houston, Texas.

JLL represented the sellers, Spencer Hough, Tommy Le (3 Real Estate Group) and George Giannukos.

Located at 1801 S Dairy Ashford Rd, Ashford Village is positioned in Houston’s Energy Corridor, the city’s premier office submarket. The property is located between Westchase and the Energy Corridor along South Dairy Ashford Road, which carries 32,500 vehicles per day. Just half a mile down Dairy Ashford the new Ashford Yard mixed-use development featuring 90,000 square feet of retail, office and restaurant space plus 350 luxury apartments is underway. The center serves the affluent Memorial West residential area where average home prices reach $768,000 and is near Stratford High School with 2,312 students.

The property serves a growing demographic base with 10.6% population growth projected within a five-mile radius from 2010-2025. The surrounding area features close proximity to major employment centers in the Westchase district.

Built in 1979 and renovated in 2014, the center is anchored by Seiwa Market, a specialty Japanese grocery retailer, and includes tenants such as Dollar Tree, Book Off, Goldfish Swim School, Giggles and Fun, and Salon Village. Seven of the property’s 15 tenants specifically target Asian consumers, reflecting the area’s demographic composition where the Asian population has grown 23.6% since 2010. 

JLL Capital Market’s Investment Sales and Advisory team representing the seller was led by Senior Director John Indelli and Senior Managing Director Ryan West, with analytical support from Dawson Hastings and Max Myers.