HOUSTON – Just a few months after buying 1111 Fannin Street, Triten Real Estate Partner has sold it to Harris County. Triten purchased the 17-story, 428,629 sf office tower in downtown in December 2020, when it was fully leased to JPMorgan Chase. The financial giant will relocate to the JPMorgan Chase & Co. Tower. The property was valued at […]
RICHMOND – Houston-based Johnson Development has purchased 630 acres adjacent to its 1,300-acre Harvest Green master-planned community. The land is slated for 1,400 homes with sites range from 40 to 75 ft wide. New community amenities, including parks, trails, and a pool, will also be on the plot. Homesites at the new Harvest Green section will be available for sale starting fall 2022. […]
Summertime in Dallas is no joke! While we cannot change the temperature, we can at least try to enjoy it (or escape it) in the best ways possible. Here are six ways to beat the summer heat. Escape to the Lake East Dallas White Rock Lake is an outdoor oasis in the…
FORNEY – A partnership between Gault Co. and RTG Capital LLC has purchased the Forney Industrial Park, a 50-acre industrial project on US 80. The property includes 32 buildings totaling 311,000 sf. The new ownership is planning upgrades. Marcus & Millichap handled marketing. The Texas Real Estate Research Center has more on DFW’s industrial market: Texas Quarterly Commercial Report Dallas-Fort Worth-Arlington […]
DALLAS – Malibu Industrial LP, a company owned by Crow Holdings Industrial, has acquired the SpeedZone racetrack and entertainment center with plans for an industrial project. Located on 20 acres on Stemmons Fwy. near Royal Ln., the facility closed last year. The seller was a California-based company. The Texas Real Estate Research Center has more on DFW’s industrial market: Texas Quarterly […]
AUSTIN – Texas added 34,400 nonagricultural jobs in May, marking gains in 12 of the last 13 months, according to the Texas Workforce Commission. That’s a 0.3 percent monthly gain. Since May 2020, the Texas economy has added a total of 804,200 jobs. To return to pre-pandemic levels, the economy needs to add 409,000 positions. May’s seasonally adjusted unemployment rate was 6.5 […]
AUSTIN – Virginia-based ILM Capital LLC has sold Rio West, a 384-bed student housing community near the University of Texas at Austin. The property offers a private parking garage, onsite management and maintenance services, coffee bar, private study lounges, a resort-style pool with an outdoor patio and grilling stations, and 24/7 fitness center. Newmark represented the […]
You may have been told that it’s important to get pre-approved at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s market, with rising home prices and high buyer competition, it’s crucial to have a clear understanding of your budget so you stand […]
IRVING – Meritex Investments has purchased the three-building DFW East Logistics Center from Hines. Built in 2016, the park is at 4201 Polaris Dr. near SH 161 on the east side of the airport. The Texas Real Estate Research Center has more on DFW’s industrial market: Texas Quarterly Commercial Report Dallas-Fort Worth-Arlington industrial news Source: Dallas Morning News
HOCKLEY – Land Tejas is developing Cypress Green, a 646-acre, 2,300-home community between SH 290 and SH 249, northwest of the Grand Parkway. Homesites will range from 40- to 55-ft-wide. Land Tejas purchased the property from McAlister Opportunity Funds. The company has two other Houston-area communities: Sunterra in Katy and Marvida in Cypress. The Texas Real Estate Research Center has more information […]
