Transwestern Real Estate Services has made a significant leadership change, appointing Clint Bawcom as the executive managing director and Houston market leader. He will be succeeding Kevin Roberts, who has led the Houston market for the past 15 years and is a 36-year veteran with the company.
Roberts will transition to a new role as executive vice president of strategic client relationships, where he will focus on transformation initiatives within the firm. His responsibilities will include new business development, portfolio and account management, and overseeing mergers and acquisitions.
In his new position, Bawcom will be responsible for overseeing Transwestern’s operations in Houston, which includes a team of over 400 professionals and approximately 82 million square feet of leased and managed commercial space. Bawcom’s extensive background in the real estate industry includes more than 25 years of experience in leasing, operations, and business development. He began his career at Transwestern as a producer before taking on roles at several public and private real estate companies, most recently serving as the managing principal for Cushman & Wakefield’s operations in Houston.
Kevin Roberts expressed strong confidence in Bawcom’s ability to lead the Houston market: “When I initiated this succession plan with my partners, there was one name on my list: Clint Bawcom,” he stated.
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In real estate sales news, a regional homebuilder has acquired a substantial 32 acres along the Grand Parkway near Mueschke Road. This prime land is located on both the north and south sides of the forthcoming Everly Fields Boulevard within the Everly Fields master-planned community, which is part of a larger 150-acre mixed-use development.
The seller was represented by James Kadlick, Chris Hutcheson, and Harrison Kane from Colliers. Colliers is also tasked with marketing the remaining tracts in the area, with entitlements expected to be in place by fall 2026.
In a separate transaction, Partners Capital, the investment platform of Partners Real Estate, has acquired the HTX Service Center Portfolio, which consists of three business parks: Lakes at 610 Service Center, Willowbend Service Center, and Wilcrest Green Service Center. The total area of this portfolio spans 229,000 square feet of infill flex and light industrial space in Houston.
With an occupancy rate of 69%, this 14-acre portfolio includes five buildings. The acquisition was financed by Brent Reed at Veritex Community Bank, while Michael Martin from Avison Young represented Partners Capital in the transaction.
Price Realty Corp. has also made a notable acquisition, purchasing the Reserve on Kingsland, a 382-unit Class-A multifamily property located at 23403 Kingsland Blvd. The Reserve on Kingsland, originally constructed in 2020, features 11 three-story buildings, with units ranging from one to three bedrooms.
The seller, OHT Partners, was represented by Ryan Epstein and Jennifer Ray from Walker & Dunlop. Additionally, JLL Capital Markets’ debt advisory team, led by Andy Scott and Michael Cosby, facilitated the seven-year fixed-rate agency financing for Price Realty.
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Turning to leases, DBR Engineering Consultants Inc. has signed a lease for 47,000 square feet at 200 Westlake Park Blvd., known as Four Westlake, which will serve as the company’s corporate headquarters. The firm plans to occupy the entire second floor and will move in approximately 100 employees by May after completing extensive tenant improvements.
This move marks a significant expansion for DBR, which is relocating from 31,000 square feet at 9990 Richmond Ave., where it has been based for nearly 30 years, resulting in a 54% increase in space. Four Westlake, located in Houston’s Energy Corridor, is a 20-story Class-A office building. Avison Young’s Anthony Squillante and Dustin Devine represented DBR, with Tyler Garrett and Matt Pruitt of JLL representing the landlord.
Additionally, Stats International Inc. has leased 73,000 square feet of industrial space at 3782 Reese Road in Rosenberg. This facility will serve as a regional base for Stats International’s pipeline services operations, encompassing maintenance and manufacturing capabilities.
The property consists of three buildings across 10 acres, including a 56,000 square foot warehouse and two other structures measuring 1,520 square feet and 15,000 square feet. Stats International was represented by Avison Young’s Squillante and Drew Coupe, while the landlord, Welcome Group, was represented by Ryan Wasaff, Brad Berry, and Cole Bercher from Welcome Realty Advisors.
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In construction and development news, Stream Realty Partners has acquired a 17-acre site in Northwest Houston, with plans to develop a 300,000 square foot cross-dock warehouse. This facility will cater to tenants requiring spaces from 75,000 square feet up to the full building.
Located off West 43rd Street between Hempstead Highway and U.S. Highway 290, the building design is currently being finalized in collaboration with Seeberger Architecture, with civil engineering services provided by Kimley-Horn. Stream Realty is working to complete the construction documents, secure necessary permits, and prepare for a groundbreaking, which is scheduled for the first quarter of 2026, with substantial completion expected by Q4 of the same year.
Lovett Industrial has also recently broken ground on Phase 2 of the 610 Business District, a 113-acre multiphase infill business park located at the southeast corner of Mykawa Road and Dixie Drive, about a mile south of Loop 610. This park is projected to ultimately consist of nine buildings totaling 1.5 million square feet.
Phase 2 will feature four buildings with a total of 537,000 square feet of shallow-bay warehouses designed for smaller users and will be developed on a speculative basis, making them available for lease. The project is slated for completion in the first quarter of 2026, with leasing handled by Jason Dillee, Andrew Jewett, and Greg Holmes of CBRE.
The construction financing for this phase is being provided by Associated Bank, with Alston Construction serving as the general contractor and ALJ Lindsey acting as the civil engineer.
Meanwhile, Fulshear Central, a new mixed-use development, has commenced construction in the rapidly growing area west of Houston. Owned and managed by Janapriya Upscale, this 23-acre project is situated on a greenfield site bordered by FM 1093 and McKinnon Road.
The development plan includes single-story retail along FM 1093 and one- and two-story retail/office condominium buildings surrounding a central “town square” green space. Alpha Bravo Construction is the general contractor for this project, designed by Kirksey Architecture, and is expected to be completed by early 2026.
OHT Partners has also broken ground on a new multifamily complex, a 360-unit, three-story community at 23615 Kingsland Blvd. in Katy. This development will offer a mix of 246 one-bedroom and 114 two-bedroom residences ranging in size from 700 square feet to 1,260 square feet.
OHT Partners Construction is the general contractor, while Meeks + Partners serves as the architect. The civil engineering work is headed by Quiddity Engineering LLC, and the remainder of the project features a selection of consultants including United Structural Consultants Inc. for structural engineering, MEP Delta Design for mechanical, electrical, and plumbing needs, and Ellie Aiello Interiors managing the interior design. ZRS Management will oversee property management for this community.
Additionally, Alliance Industrial, in partnership with Northwestern Mutual, has finalized a deal on 62 acres located at the intersection of Beltway 8 and Grayson Road in Southeast Houston. This site will soon see the development of TriPort 8, a new Class-A industrial park consisting of five buildings, totaling 881,000 square feet.
Expected to be delivered in the second quarter of 2026, TriPort 8 is designed to accommodate industrial spaces ranging from 30,000 square feet to 250,000 square feet. Stream Realty Partners will oversee leasing for the project, while Luke Hoyl from Virtue Real Estate Partners represented Alliance Industrial in this transaction.
In other developments, Hoar Construction has successfully completed the Rone Residences, a 12-story multifamily community developed by High Street Residential, a subsidiary of Trammell Crow Co. This project is located at 2311 Westheimer Road and includes 209 high-end apartments as well as 2,900 square feet of retail space.
Residents have started moving into Rone Residences, which features a variety of unit options ranging from 890 square feet to 2,200 square feet, with offerings of one to three-bedroom apartments. The architectural design of the development was managed by ZCA Residential LLC, and ZRS Management is responsible for its management and leasing.
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In financing news, Avatar Financial Group has provided a $7.3 million loan for refinancing two garden-style apartment communities situated in Houston. This bridge loan comes with a two-year term and offers a loan-to-value ratio of 70%.
The properties involved include the 78-unit Donovan Village located at 601 W. Donovan St. in the Independence Heights neighborhood, and the 60-unit Station Apartments at 4411 Fulton St., located in the Greater Heights area of Midtown Houston.
The undisclosed sponsor sought expedited financing to qualify for a property tax abatement program in Texas that is expected to end during this legislative session. Avatar Financial Group was able to close this loan in under two weeks, ensuring the borrower met the program’s deadline. The sponsor has plans to redevelop both locations and intends to exit the loan through construction takeout financing.
Moreover, CBRE has arranged a $17.4 million construction loan for Constellation Real Estate Partners alongside its partner, a major insurance company, to develop a 240,000 square foot speculative industrial facility in Pasadena.
The debt and structured finance team at CBRE Capital Markets, led by Brian Linnihan, Mike Ryan, Richard Henry, and Taylor Crowder, sourced this financing from Texas Capital Bank. This nonrecourse construction loan will specifically fund the growth of Constellation Genoa Red Bluff at 2543 Genoa Red Bluff Road.
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