Starwood Land announced the debut of Revelry, a new 1,400-acre mixed-use master-planned community on the edge of Austin in Travis County, designed to stay true to the city’s spirit of creativity, connection, and celebration.

Ideally located just minutes from the Austin-Bergstrom International Airport, Circuit of the Americas, and the Tesla Gigafactory, Revelry will feature 2,300 single-family homes with 216 acres of mixed-use residential and commercial spaces—all supported by vibrant parks, scenic trails, community art, and imaginative amenities inspired by Central Texas’ natural beauty.

The name “Revelry” captures the essence of the community—a place where families, friends, and neighbors gather to live joyfully, connect meaningfully, and celebrate life’s everyday moments.

The first phase of lots at Revelry is nearing completion, with DRB Homesand D.R. Horton Homes setto begin construction on model homes before year’s end, preparing for 2026 sales. Development has already begun on the next phase of homesites, which will be accessed from Wolfe Lane, just north of Pearce and feature future models by David Weekley Homes, Toll Brothers, Perry Homes, and others—anticipated to open in 2027.

The community’s 216 acres of mixed-use residential and commercial spaces are being marketed by Mike B. Kennedy and Sullivan Johnston of Avison Young. These spaces will bring highly desired services and offerings to the community and surrounding area, contributing to a thriving live-work-play environment.

Two school sites have also been reserved within the master plan for future Del Valle ISDcampuses—part of Starwood Land’s commitment to supporting the district’s growth and strengthening the broader community fabric.

Halloween has become big business for retailers, with the National Retail Federation predicting that consumers will spend a record $13.1 billion this year on candy, costumes, decorations and visits to haunted houses.

Now even those retailers that traditionally didn’t nab much Halloween business are getting into the spirit, trying to scare up some of those trick-and-treat dollars for themselves.

An example? Car washes.

A growing number of car washes are transforming into Halloween haunts this year. A good example? Tommy’s Express.

The national car wash chain transformed several of its car washes into haunted attractions this year. The chain’s Tunnel of Terror car washes popped up in the Midwest with locations in Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, Ohio, Tennessee and Wisconsin. The chain also opened its Tunnel of Terror car washes throughout Texas.

These haunted car washes include towering skeletons, slashers from popular horror movies, demons, flashing neon lights and plenty of fog and screams.

CenterSquare acquired a 244,946-square-foot service industrial portfolio in Houston.

Houston Woodlands is a four-building portfolio in the Woodlands and Spring submarkets of Houston. The portfolio is 88% occupied, consisting of 55 suites averaging 4,454 square feet per suite, with oversized grade-level doors and 17’-18’ clear heights.

In addition to the market’s record-low supply, CenterSquare has an existing 9-property service industrial portfolio, Gateway Industrial Commons, in the Houston MSA, which speaks to CenterSquare’s extensive knowledge and access to data specific to the Houston market.

In addition to acquiring the property below replacement cost, the business plan consists of a capital improvement plan including minor roof repairs, concrete repairs, and adding HVAC where needed. These improvements,combined with our institutional management, will allow CenterSquare to successfully execute its value-add strategy and drive meaningful growth in net operating income.

This transaction is the second Service Industrial investment in the latest fund in CenterSquare’s Value-Add Strategy, bringing our total service industrial portfolio to more than 1.6 million square feet.

Southern Realty Trust Inc. committed $15 million to a $45 million senior bridge loan originated by TCG Real Estate for the refinancing of a seven-story Class-A retail property in the Galleria sector of Houston.

An affiliate lender on the TCG Real Estate platform committed the remaining $30 million. The project is a joint venture between John M. Scott III, an experienced leader and industry veteran in hospitality and leisure real estate, and WoodHouse, a luxury hospitality developer founded by Brady Wood.

Located at the intersection of two of Houston’s most desirable areas, Galleria and River Oaks, the Project is 100% fully-leased to an impressive mix of complementary, high-end lifestyle establishments: Park House Houston – a private social club offering extensive cultural programming, dining, socializing and working spaces; Ciel Restaurant – an upscale restaurant and lounge serving Japanese-French cuisine with live music and entertainment; and Fountain Life Longevity Center – a leading-edge healthcare facility co-founded by Tony Robbins that provides advanced AI diagnostics, regenerative medicine and restorative therapeutics

Chicago became the top city for apartment conversion projects in 2024, according to the latest research from RentCafe.

In an October Market Insights report, RentCafe said that the number of adaptive reuse projects — converting outdated commercial space, often office properties, into new uses — soared across the United States in 2024.

According to RentCafe, these adaptive reuse projects resulted in a record-setting 25,000 new apartment units last year. And Chicago overtook Manhattan to become the top city for commercial real estate conversion activity.

The number of apartments delivered from adaptive reuse projects in the United States last year was 50% higher than the units delivered the year before and double the number in 2022, RentCafe said.

RentCafe said, too, that a record-breaking 181,000 apartments are now being converted in adaptive reuse projects, with most of these units the result of office space conversions. That figure represents a jump of 19% from last year.

According to RentCafe, about 78,500 multifamily units are now being developed from makeovers of former offices, while an additional 35,800 new apartment units are coming from the redevelopment of former hotels.

While plenty of former office properties are being converted to apartment buildings, it’s actually outdated hotels that are seeing the most conversions to multifamily use. RentCafe said that of the 24,700 apartments completed through adaptive reuse projects in 2024, more than 9,100 came from repurposed hotels. That is an all-time high and is an increase of 46% from 2023.

Revamped office buildings added nearly 5,900 new apartment units across the country in 2024. This means that one in four new converted apartment units last year used to be an office.

Chicago ranked as the city with the most new apartment units from conversions last year, with 880 such units. Denver, Philadelphia, Dallas and Manhattan rounded out the top five.

Minneapolis ranked sixth with 574 new apartments resulting from conversions last year, while Detroit took the 10th space with 518 new units.