Construction Finance Specialist

Greenspoint Mall site to be redeveloped into $150 million industrial park, developers say. HOUSTON, Texas (KTRK) - The Greenspoint Mall site will be leveled and transformed into a $150 million industrial park, developers announced on Tuesday. Lincoln, in association with New York Life Investment Management, announced the acquisition of the mall site and showcased plans for CityNorth Industrial Park. According to developers, the park will be located at 12300 North Freeway on the northeast corner of I-45 and Beltway 8. "Greenspoint Mall was an important part of North Houston for nearly five decades, and its redevelopment represents a defining opportunity for the area," said Kevin Wyatt, Executive Vice President for Lincoln. "CityNorth Industrial Park will return a prominent property to productive use and support the continued growth of the Greenspoint community." The $150 million project will create 300 construction jobs and 1,200 permanent jobs in the coming years, according to developers, and include a business retail space. "As a longtime Houston resident, I have witnessed both the proud days of Greenspoint Mall and the unfortunate neglect the mall and the Greenspoint community have suffered for too long," said Houston Mayor John Whitmire. "I have worked hard with Lincoln and other stakeholders to make Greenspoint and, by extension, the Aldine ISD community regain its once proud stature with the redevelopment that will bring us the CityNorth Industrial Park. This redevelopment will create new jobs, attract businesses, and improve the quality of life in Greenspoint. Combined with the upcoming Houston Police North Belt Station and the Fire Department's Station 84, the CityNorth Industrial Park is one more example that Houston is going in the right direction." According to developers, the demolition of the mall is expected to begin in October of this year, with the first phase scheduled to be finished in the first quarter of 2028.

Texas' tallest tower completes construction two months ahead of schedule. Aug 31, 2026, 09:01 ET More than 6,800 skilled workers and 150 trade partners helped DPR Construction build Austin's 74-story Waterline, "a city within a city" that combines five distinct uses and integrates with the downtown environment AUSTIN, Texas, Aug. 31, 2026 /PRNewswire/ - DPR Construction, a forward-thinking, self-performing builder, announced construction completion of Waterline, the 74-story mixed-use tower at 98 Red River Street. The tower rises 1,025 feet above downtown Austin and stands as the tallest building in Texas. Construction wrapped up in 48 months, two months ahead of a 50-month planned schedule. Spanning 2.7 million square feet with a footprint of more than three acres, the tower integrates residential, hotel, office, retail and parking into a single vertical destination - what one partner described as "a city within a city." It also creates a vibrant new ground-level connection to Waterloo Greenway's 13-acre Confluence, which opened in June. "Waterline pushed every assumption about scale, complexity and coordination," said DPR Project Executive Brett Bickford. "This was a massive undertaking, and we wouldn't be where we are today without our talented and resilient team of skilled craft professionals and trade partners." Bickford noted that DPR's dedicated self-perform team was what made delivery ahead of schedule possible. This allowed the project team to manage critical scopes with their own workforce, providing greater control over quality and schedule, which led to more predictable outcomes. "This monumental and highly complex project reflects what's possible when an extraordinary team aligns around a shared vision and never loses focus on execution," said Seth Johnston, Executive Vice President of Lincoln Property Company, which co-developed the project with Kairoi Residential. Construction involved more than 150 trade partners and 6,800 skilled workers, who recorded approximately 4.5 million worker hours. Roughly 1,000 workers were onsite during peak activity. The DPR team also placed approximately 150,000 cubic yards of concrete - enough to fill 46 Olympic-sized swimming pools - including building more than 92 individual sculptural columns (15 installed on the roof). "Delivering a project of this size, scale, and technical complexity requires trust, collaboration, resilience, and relentless commitment. And to get it done ahead of schedule is almost unheard of," said Bryan Kent, DPR's Central Texas Business Unit Leader. "Thousands of people helped bring Waterline to life, and their contributions have shaped Austin's skyline and strengthened how people experience and connect with our city. DPR is proud and thankful to have been part of it." KEY PARTNERS: Development Partners: Lincoln Property Company and Kairoi Residential Design Architect: KPF Architect of Record: HKS, Inc. Structural Engineer: Brockette Davis Drake, Inc. (BDD) MEPF Engineer: Alvine & Associates, Inc. WATERLINE BY THE NUMBERS Height: 1,025 feet Floors: 74 Size: 2.7+ million square feet Footprint: 3+ acres Completion: July 2026 (Delivered in 48 months, 2 months ahead of schedule) Concrete: 150,000+ cubic yards placed Worker hours: 4.5+ million Workforce impact: Approximately 6,800 workers overall Peak onsite workforce: Approximately 1,000 workers at peak Trade partners: Approximately 150 Individual sculptural columns: 92 (15 on the roof) Residential units: Top 33 floors, 352 units Hotel: 13 floors, 252 rooms Office space: 24 floors, 703,000 square feet, Class AA offices Dining & retail: 24,000 square feet Elevators: 30 About DPR Construction DPR Construction is a forward-thinking, self-performing general contractor and construction manager specializing in complex projects across the advanced technology, life sciences, healthcare, higher education, and commercial markets. Guided by our purpose - We Exist to Build Great Things(R)- DPR's global portfolio spans large-scale new construction, tenant improvements and special projects. Founded in 1990, DPR is one of the largest privately held, employee-owned companies in the US. We are strategically focused on building long-term partnerships and delivering more predictable outcomes for customers. We're advancing the industry by integrating the project lifecycle from design to delivery using innovative construction methods, prefabrication on more than 90% of new work, and a highly skilled craft workforce deployed on nearly all of our projects. DPR consistently ranks among the top building contractors and employs more than 13,500 professionals across our family of companies worldwide. For more information, visit www.dpr.com. About Lincoln Property Company Lincoln Property Company ("Lincoln") is one of the largest private real estate firms in the United States. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, multifamily, life science, retail, industrial, data center, production studio, healthcare, government, universities, sports and entertainment, and mixed-use properties, throughout the United States, the United Kingdom, and Europe. Lincoln's combined management and leasing portfolio on behalf of institutional clients includes more than 720 million square feet of commercial space. For more information, visit: www.lpc.com. About Kairoi Kairoi Residential is a partner-led company with a unified approach to investing, developing and managing multifamily communities. Kairoi has been involved in the business of developing and owning multifamily properties since 2002. Over the course of our existence, we have developed or owned in excess of 57,000 units in many cities and states across the country. Kairoi Residential has developed approximately $2.5B in new developments in San Antonio, Dallas, Chicago, Denver, Houston, Miami, Charlotte, and Austin. DPR Construction John Daigre [email protected] 925-788-1615 SOURCE DPR Construction

Lincoln Property company joint venture acquires $450M mixed-asset multifamily portfolio. August 28, 2026 A joint venture between Lincoln Property Co., Saber-Hightower and Waterfall Asset Management has acquired a $450 million portfolio of multifamily and commercial real estate assets in the Tri-State Area. The acquisition totals 4 million square feet of space, and also includes development opportunities. Assets included in the transaction are Edgewater Harbor, a 262-unit waterfront mixed-use property in Edgewater, N.J., as well as Trilogy Lofts in Yonkers, N.Y., a newly developed 97-unit transit-oriented community. A 50-unit second phase at Trilogy Lofts is expected to begin this year. The multifamily component of the portfolio also includes 761 Main Avenue in Norwalk, Conn., a 29-acre mixed-use property with a medical outpatient complex and pads for multifamily development. Financing for the broader portfolio included two CMBS assumptions and two balance-sheet loans, Zachary Liebmann, partner and head of commercial real estate at Waterfall Asset Management, said in prepared remarks. Trilogy Lofts, located at 21 Scarsdale Road in Yonkers, will span 147 units following the completion of its second phase. Yardi Matrix lists the property as having studio, one- and two-bedroom apartments averaging 765 square feet. Lincoln Property Co. bought the asset for $45 million from National Resources in June, according to the same source. Shared amenities at the development include a rooftop terrace and kitchen, a clubhouse, a coworking suite, a yoga room and a golf simulator. Individual apartments come with in-unit laundry, dishwashers and stainless steel appliances. Under the joint venture's business plan, the companies plan to renovate and reposition the multifamily assets included in the sale, as well as lease up and stabilize the assets. The plan also includes selective development of the portfolio's land parcels.