Southern Land Co. Inks $165.9M Construction Loan for Upper Kirby Mixed-Use Project

Why this matters

Mixed-use is where the most interesting urban repositioning is happening. Office-to-residential conversions in Manhattan, Washington, and Philadelphia have moved from pro-forma exercises to closed transactions, and walkable suburban densification is drawing patient capital with longer hold periods than the traditional core or value-add fund structures support. Houston transaction velocity has been concentrated in industrial and Class A multifamily in the energy corridor and inner loop. Office remains a basis play. For allocators, mixed-use offers exposure to multiple property types within a single basis, which has become attractive as monoline sector forecasts have widened.

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On the RET wire

• The 59th Houston story tracked on the wire in August 2026. All Houston coverage →
• Disclosed mixed use deal value tracked in August 2026: $1.1B across 10 reported transactions. All Mixed Use coverage →

Computed from Real Estate Trail’s own tracked coverage

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