Hanley Investment Group Real Estate Advisors arranged the sale of Sunset Plaza, an approximately 92,000‑square‑foot shopping center shadow‑anchored by Target and featuring national retailers such as Ross Dress for Less, HomeGoods and Petco in San Angelo, Texas.

In nine months, Hanley Investment Group has sold seven junior‑box‑anchored shopping centers for a combined total in excess of $151 million and nearly one million square feet.

Hanley Investment Group’s Vice President Garrett Wood, Executive Vice President Kevin Fryman, and Senior Vice President Lee Csenar, in association with ParaSell, Inc., represented the seller, a private investor from Orange County, California. The buyer, a private investor from Mexico City, Mexico, represented themselves.

“We procured a repeat private investor who had recently acquired a similar power center in Texas. Their experience with the asset type helped ensure the closing. Sunset Plaza had been previously listed, but our targeted approach, ability to add value and trusted relationships ultimately brought the transaction to a successful close,” Wood said.

“On behalf of the seller, we also negotiated a long‑term Petco lease to support a smooth closing and maximize value,” Fryman said. “The lease extension further enhanced the property’s appeal.”

Built in 2005 on 8.42 acres, Sunset Plaza is located at 4157‑4219 Sunset Drive in San Angelo, one of the largest cities in West Central Texas. The shopping center is shadow‑anchored by Target (not included in the sale) and features a tenant mix that is 98% national retailers, including Ross Dress for Less, HomeGoods, Petco, Five Below, Bath & Body Works, Buckle and GameStop. Sunset Plaza sits across from Sunset Mall, a regional shopping destination anchored by Dillard’s, JC Penney, Marshalls and Murdoch’s, which draws more than two million annual visitors.

According to Csenar, in recent years, the center has undergone a notable retail evolution as Bath & Body Works, Five Below, HomeGoods, and Buckle replaced former tenants Bed Bath & Beyond, Kirkland’s Home, Rue 21 and Versona Accessories. The owner successfully repositioned the property by securing stronger, value‑oriented and experience‑driven retailers, a transition made possible by the center’s strong location and established regional draw. Target, which is not part of the sale, has operated at this site for more than 26 years and completed a major remodel in 2018, further reinforcing the long‑term stability of the trade area.

Sunset Plaza is the only Target‑anchored power center within a 95‑mile radius and ranks among the top 20% most‑trafficked shopping centers in the United States, according to Placer.ai. The property benefits from strong visibility along Loop 306 and Sherwood Way/US Route 67 and has demonstrated consistent leasing momentum, resulting in a weighted average lease term of 6.5 years, Wood reports. Recent leases and extensions include Petco, Ross Dress for Less, HomeGoods, Bath & Body Works, Buckle, GameStop and Five Below.

“Sunset Plaza’s strong national tenant roster, long‑term operating history, and regional dominance made it a highly attractive investment opportunity,” Fryman said. “With virtually no competition within a 95‑mile radius and Target successfully operating at this location for more than 26 years, the property provides stable cash flow and long‑term growth potential.”

Wood, a seventh‑generation Texan whose hometown is San Angelo, said the transaction carried personal significance. “This deal was especially meaningful for me. Being able to represent a property of this scale in the community where I grew up is something I take great pride in. With our Austin office and boots‑on‑the‑ground presence across the state, we’re able to provide clients with comprehensive market insights and hands‑on service that strengthens Hanley’s reach and value delivery throughout Texas.”

JLL announced that CRC Group signed a 49,000-square-foot office lease at Lakeside Square in Dallas, marking a major relocation for the company’s Dallas operations.

CRC will bring together employees from four Dallas-area offices into one location, with more than 200 team members expected to move in beginning January 2026. This lease commitment brings Lakeside Square to 85% occupancy. 

JLL Executive Vice Presidents Gini Rounsaville and Senior Managing Director Trevor Franke represented building owner Acram Group in lease negotiations, while JLL Managing Director Conor McCarthy and Senior Vice President Taylor Dickerson, as well as Kyle Stanich of Lincoln Property Company, represented the tenant.

Stream Realty Partners represented DZMI in the acquisition of Kirkwood Tower and has been retained as the leasing partner for the office property in Houston’s Energy Corridor.

The 285,682-square-foot office property is located at 11757 Katy Freeway.

With the addition of Kirkwood Tower, DZMI now owns and manages nearly 2.5 million square feet across its portfolio, including close to 1.5 million square feet of office space. Led by Principal David Z. Mafrige, DZMI continues to focus on long-term ownership and strategic investments rooted in strong fundamentals and prime locations.

Kirkwood Tower is now over 76% occupied. Recent activity includes the 14,891-square-foot expansion of Aethel Energy, reinforcing continued tenant demand at the property. In conjunction with the acquisition, Stream has generated significant leasing momentum at Kirkwood Tower in 2025, completing over 150,000 rentable square feet of transactions. 

Originally built in 1984 and renovated in 2015, Kirkwood Tower offers a modern office environment with extensive amenities, including an executive penthouse, fitness center, sauna, wellness room, and rooftop jogging track. Additional amenities include a lobby bank with an ATM and drive-through access, a tenant lounge, and a ground-floor deli. Located in the Energy Corridor, the property benefits from proximity to global energy companies, executive housing, upscale retail, and top-tier schools, with additional amenity and common area upgrades planned at the property.

Stream Managing Director Matthew Asvestas and Senior Associate Danielle Rothchild lead the leasing efforts at Kirkwood Tower. Asvestas represented the buyer, DZMI, in the acquisition, while JLL’s Rick Goings and Jeff Hollinden represented the seller.

Almanac Realty Investors, a business unit of Neuberger, has committed up to $300 million of growth capital to SparrowHawk, a private real estate company founded in 2011 by Alfredo Gutierrez and headquartered in Houston, focused on the acquisition and management of institutional-quality industrial assets located throughout the Midwest.

SparrowHawk currently owns and operates 16 properties, comprised of more than 2.8 million square feet across St. Louis, Kansas City, and Chicago. The new round of growth capital will be used to accelerate SparrowHawk’s proven strategy of acquiring high-quality industrial properties in primary and secondary Midwest markets with proximity to robust transportation infrastructure.

SparrowHawk CEO, Alfredo Gutierrez, said, “At SparrowHawk, we believe true success is built with partners who share your values, your vision, and your drive. Our partnership with Almanac reflects that alignment—uniting not just capital, but character, trust, and shared ambition. Together, we enter this next chapter with sharper focus, deeper capabilities, and a collective commitment to delivering meaningful, long-term value for our investors.”

Ackman-Ziff Real Estate Group LLC was exclusive advisor to SparrowHawk on the transaction and was managed by Adam Steinberg, co-head of equity practice.

A late-year dip in advertised multifamily rents in the United States erased the modest gains posted earlier in 2025, something that might signal a slowdown in apartment demand as the sector heads into the new year, according to new research from Yardi Matrix.

In December, the average advertised U.S. apartment rent fell by $5 to $1,737, a 0.3% decline from November. That monthly drop closed out 2025 with flat year-over-year rent growth, marking the weakest quarterly performance for the multifamily market since the global financial crisis, Yardi Matrix reported in its National Multifamily Report for December.

Yardi Matrix reported that renter demand slowed toward the end of 2025, partly because of flattening job growth and the effects of immigration policy, factors that weighed on household formation. Still, occupancy levels have held firm, and supply absorption remains healthy when compared to long-term historical trends.

The disconnect between slowing rent growth and stable occupancy suggests that renters are becoming more price-sensitive, particularly in markets where a wave of new supply has intensified competition among landlords.

Geographically, rent growth in 2025 was uneven. Gains were largely concentrated in coastal markets and across parts of the Midwest, where new supply has been more limited and demand drivers have remained strong.

The weakest performance was concentrated in Sun Belt markets, where elevated levels of new construction have weighed heavily on pricing. Cities that saw rapid development during the post-pandemic surge are now grappling with increased concessions and downward pressure on advertised rents.

While rents softened, investment activity showed greater resilience. Multifamily sales volume in 2025 finished about 10% higher than in 2024, reflecting renewed investor interest after a slower period earlier in the cycle. Transaction activity was strongest in secondary and Sun Belt markets, including Dallas, Seattle, Phoenix, Miami and Atlanta. Yardi Matrix said that these metros continue to attract capital because of their long-term population growth prospects.

Looking ahead, Yardi Matrix analysts struck a cautiously optimistic tone. Despite ongoing economic uncertainty, gross domestic product growth in the fourth quarter pointed to improving momentum in the broader economy. Greater stability in 2026 could help lift consumer confidence, support job creation and gradually revive rental demand.

Yardi Matrix reported, too, that a slowdown in new apartment deliveries later in 2026 could also help rebalance supply and demand in oversupplied markets.

Lee & Associates Dallas-Fort Worth completed a lease transaction for a 123,241-square-foot industrial space at Carter Industrial Park in Fort Worth, Texas.

Reid Bassinger, Trey Fricke and Schaefer Amos of Lee & Associates Dallas-Fort Worth represented the Tenant, ReturnPro. ReturnPro helps retailers, brands, and 3PL sellers solve returns by addressing every part of the post-purchase experience from returns initiation all the way to the second shelf.

Cheyenne Mungaray, Forrest Cook and Jeff Rein of Stream Realty Partners – Fort Worth represented the Landlord, Agellan Capital Partners Inc.