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125-acre mixed-use development underway in Grand Prairie

​GRAND PRAIRIE – The city and Omniplan have created a preliminary masterplan for Gateway at Grand Prairie, a 124.5-acre mixed-use development near I-30 a​nd Belt Line Rd. Plans include retail space, a hotel, apartments, and 2.5 million sf of office space. The Texas Real Estate Research Center has more information like this online: Dallas-area mixed-use news Local office news ​Texas […]

Ashton Woods buys 344 acres in Forney for 1,030 homes

​​​​​​​​FORNEY – Ashton Woods has purchased 344 acres in the Gateway Parks community near US 80 for a residential development.  The purchase included​ land for 1,030 single-family homes plus 88 completed home sites. Vanguard Real Estate Advisors brokered the sale.​ Gateway Parks is part of a 2,000-acre mixed-use development being built by a unit of Petro-Hunt. Get […]

First phase of master-planned community moving forward

​​PEARLAND – Massey Oaks Development LP is working on 372 single-family lots for the first phase of Massey Oaks.​ The master-planned community wil​​l be on 356 acres at the intersection of Harkey and McKeever Roads.  The detached homes will start in the high $300,000s and are zoned for the Alvin Independent School District. The homebuilders are Meritage Homes and […]

Greysteel brokers multifamily property sale

​​​KILLEEN – Summerlyn Apartments, a 200-unit multifamily property at 4104 E. Rancier Ave., has been sold. The property has both on​e- and two-bedroom units. Amenities include outdoor picnic areas, a pool, a fitness center, and basketball and volleyball courts. Greysteel represented both the seller and buyer. If you’re looking for more news like this, head to the Center’s website. […]

Work starts on Texas Children's Hospital in Austin

​AUSTIN – McCarthy Building Companies Inc. has begun construction on a 365,000-sf Texas Children’s Hospital for women and children across Central Texas. The 52-bed, free-standing hospital will provide neonatal and pediatric intensive care, operating rooms, epilepsy monitoring, sleep center, emergency center, a fetal center for surgery and advanced interventions, postpartum care, diagnostic imaging, acute care, and an on-site Texas Children’s Urgent […]

Gordon Partners completes expansion on Lake Conroe

​​MONTGOMERY – Houston-based Gordon Partners has completed an expansion of Waterpoint Center on Lake Conroe, a ​140,000-sf mixed-use development. ​The expansion included 35,000 ​sf of waterfront office, retail, and restaurant space. Gordon will break ground soon on an additional 10,000 sf of office and medical space. Delivery is set for first quarter 2022. The Texas​ Real Estate Research Center has more information​ like this […]

New York investor picks up Austin office building

​AUSTIN – New York City-based Tishman Speyer has purchased Building II at The Foundry, a 240,000-sf office complex.  The two-building project was​ 96 percent leased at the time of sale. It offers amenities such as multiple fitness centers, bike storage spaces, and outdoor terraces.  Earlier this year, Tishman Speyer purchased Foundry I, which opened in 2019. The company […]

Texas jobless claims rise for third straight week, even without extra benefits

​​​​​​​​​​COLLEGE STATION – ​Even without extra federal unemployment assistance, initial jobless claims continue to increase as the labor market gradually recovers​​​.​​​ Initial claims in Texas increased to​​​​ 43,500 the week ending July 17. About 5.34 ​​million unemployment claims have been filed since​ March 21, 2020, according ​to U.S. Department​ of Labor (DOL) data.  Continuing unemployment claims increased ​to 185,000 the week ending July 10. “Transitions from unemployment to employment have likely been […]

$36.5M elementary school opening in Aledo

​​ALEDO – Satterfield & Pontikes is nearing completion of Annetta Elementary School, a $36.5 million project that will support 800 students. Located at 2396 W. FM 5, the 107,391-sf project features grade-level pods with collaborative learning spaces and an open library that overlooks a learning​ hub. PBK was the architect, and Dunaway was the structural engineer. Opening […]