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**Texas People & Companies Highlights – December 12, 2025**
**Newmark Arranges Sale of The Offices at Park Lane**
Newmark has successfully arranged the sale of The Offices at Park Lane, a two-building, 230,691-square-foot office complex located at 8070 & 8080 Park Lane in Dallas. The prime asset sits within one of the city’s most sought-after mixed-use districts. Representing the seller, Northwood Investors, were Newmark Capital Markets’ Chris Murphy, Robert Hill, Gary Carr, and Austin Sheahan. The office property was acquired by DFWLAND.
**Morgan and Carlyle Break Ground on Pearl Lake Pointe in Sugar Land**
Morgan, in partnership with Carlyle, has officially broken ground on Pearl Lake Pointe, a new luxury multifamily development in Sugar Land. The community will be situated at 16435 Creekbend Drive. Texas Capital Bank is providing project financing.
**Hotel Daphne Now Open in Houston Heights**
The vibrant and historic Houston Heights neighborhood has welcomed its latest boutique destination: Hotel Daphne. The hotel features 49 rooms and suites, an all-day restaurant, a tranquil courtyard, an inviting library, and a retail shop in the lobby. A chic ground-floor bar and lounge are slated to open in early 2026. Hypsi, the on-site restaurant, serves Italian-style cuisine and draws inspiration from the neighborhood’s unique history, including the hidden bars of its prohibition-era past.
**PHP Capital Partners Acquires Gateway Business Center in Irving**
PHP Capital Partners has completed its fourth acquisition of 2025 with the purchase of Gateway Business Center, a 115,000-square-foot industrial asset located at several addresses within Irving, near Dallas-Fort Worth International Airport. The properties acquired include 6005 Commerce Drive, 6015 Commerce Drive, 6000 Campus Circle Drive W, and 6012 Campus Circle Drive W. Panther FW Investments served as the capital partner on the transaction.
**JLL Capital Markets Facilitates Sale of Texas Tri-Pack Portfolio**
JLL Capital Markets has closed on the sale of the Texas Tri-Pack, a three-property industrial portfolio totaling 200,343 square feet across the Dallas-Fort Worth and Houston regions. Representing the seller, Circle Industrial, JLL facilitated the transaction with BKM Capital Partners acquiring the assets. The portfolio includes 11 buildings and is 98% leased to 64 diverse tenants. The buildings were originally constructed between 1981 and 1986 and feature an average tenant suite size of 2,990 square feet.
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