HOUSTON – The local retail market’s occupancy rate was at 94.2 percent as in February, down 20 basis points from this time last year, according to NAI Partners. Of the 3.1 million sf currently under construction, the availability rate stands at 34 percent. The retail market recorded 1.3 million sf of leasing activity, almost double the year-to-date […]
AUSTIN – The city’s shelter-in-place order has banned most construction temporarily. The construction of public works projects, affordable housing, housing for the homeless, and social services buildings, as well as “other construction that supports essential uses, including essential businesses, government functions, or critical infrastructure,” are exempt. The city posted a guidance document clarifying that commercial and […]
AUSTIN – Trammell Crow Residential is building an Alexan-brand apartment tower at 700 E. 11th St. The 29-story high rise will have 274 units and four levels of underground parking. Rents will average $3,300 per month. Average unit size will be 1,076 sf. Amenities will include co-working space, a fitness center, dog park, and pool […]
AUSTIN – Lennar Multifamily Communities is building the Huston, a 387-unit apartment tower on the east side of I-35 between E. 11th and 12th Streets. The 15-story building will offer studio, one-, and two-bedroom units. Construction will be complete in summer 2021. The Real Estate Center has more news like this online for free: Texas Quarterly […]
The angst caused by the coronavirus has most people on edge regarding both their health and financial situations. It’s at times like these when we want exact information about anything we’re doing – even the correct protocol for grocery shopping. That information brings knowledge, and this gives us a sense of relief and comfort. If […]
WASHINGTON – Six of the ten counties with the largest population gains this decade were in Texas, according to the U.S. Census Bureau’s newly released July 1, 2019, population estimates. Harris, Tarrant, Bexar, Dallas, Collin, and Travis Counties had some of the largest numeric population gains since 2010. On the list of top ten fastest growing counties by […]
SAN ANTONIO – The metro’s housing market held strong last month following a year-over-year boom in January. According to the San Antonio Board of Realtors, home sales rose 8 percent over the year to 2,282 homes in February. The month ended with 2,823 sales pending. Inventory held steady at 3.2 months. The Real Estate Center considers six […]
TOMBALL – PDGL Partners LP has purchased 2.8 acres in the Tomball Business & Technology Park for the development of a 39,000-sf industrial project. The multitenant office/warehouse property will be constructed on a speculative basis. Groundbreaking is set for late this year. Colliers International represented the seller, Tomball Economic Development Corp., in the land deal. […]
CLEAR LAKE – ValCap Group has sold Towers at Clear Lake, a 216-unit multifamily property, to Raamco International. Situated on 11.9 acres at 18707 Egret Bay Blvd., the property offers one to three-bedroom units. Amenities include a fitness center, spa, pool, walking/biking trails, and basketball, tennis, and volleyball courts. Marcus & Millichap’s Institutional Property Advisors represented the seller. The Real […]
FRISCO – Blue Star Land is adding an 11-story office tower to its $1.5 billion Star development at the Dallas North Tollway and Warren Pkwy. The 327,000-sf building will have an attached six-level, 1,200-space parking garage. It will be on the west side of the tollway next door to the new Twelve Cowboys Way apartment tower. Designed […]
