Texas People & Companies, May 16, 2025

Texas People & Companies, May 16, 2025
News| May 15, 2025| Mike Boyd
Texas + Apartment Buildings

  • JLL added Trey Neville as Executive Vice President, joining the firm’s Dallas-Fort Worth Retail team. With over 30 years of experience in the North Texas commercial real estate market, Neville has built his career specializing in investment sales, tenant and landlord representation, site selection, and retail and restaurant development.
  • CenterSquare acquired the Shops at Aliana Trace retail center in Houston. Shops at Aliana Trace is a 40,000-square-foot new construction Essential Service Retail property. The property is situated within one of Texas’ fastest growing retail corridors along Houston’s 3rd ring highway, Grand Parkway, seeing over 100,000 vehicles per day. The Property sits adjacent to a brand new Costco, and a dominant power center, Grand at Aliana, anchored by Target and HEB.
  • Whitestone REIT acquired the 31,832-square-foot, restaurant-anchored San Clemente at Davenport retail center in Austin, Texas, just minutes from the Apple and Tesla campuses. The San Clemente acquisition complements Whitestone’s existing Davenport Village retail center at the same intersection along Loop 360. It marks the fifth neighborhood shopping center in Whitestone’s portfolio located in Texas’s capital city.
  • Carl DeLuca has joined Houston-based Transwestern Development Group as Managing Partner of its National Logistics Group. In this role, Deluca will guide the strategic direction of TDC’s industrial development platform, overseeing an expansive pipeline and managing regional teams across key U.S. logistics markets. DeLuca brings more than 20+ years of experience to his role, most recently leading Real Estate Development & Investment for the Americas at DHL, where he oversaw investment strategy, development execution, and platform growth.  

Other News

Lincoln, McCourt Launch 344-Unit Culver City Mixed-Use

California & West + Apartment Buildings

Lincoln Property Company and McCourt Partners have broken ground for ElevenOneEleven, a new mixed-use development in Culver City. The groundbreaking occurred three weeks after Lincoln and McCourt announced $133 million in construction financing from Bank OZK. Set to rise on a vacant parcel, ElevenOneEleven will deliver 344 rental apartments, including 52 affordable units, along with 2,000 square...

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Logisco Launches $60M Quebec Rental Project With New Brand

Canada + Apartment Buildings

Logisco is stripping back the amenity race with a $60M Quebec City apartment development aimed at renters who would rather pay less each month than fund pools, gyms and other extras. The developer has started construction on 193 apartments at 7075 Wilfrid-Hamel Blvd., the first project under its new Elie rental brand. The 10-storey building...

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Virtus Buys Hamilton Retirement Residence For $26M

Canada + Senior Housing

Virtus Diversified REIT has purchased a 91-suite retirement residence in Hamilton for $26M, expanding its seniors housing portfolio. The acquisition of Abington Court Retirement Residence at 1500 Main St. E. closed Nov. 3. The independent living property opened in 2005 and added 20 suites in a 2018 expansion. Located west of the Red Hill Valley...

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