FORT WORTH – Copper Creek, a 274-unit apartment complex near the intersection of I-30 and Loop 820, has been sold. Built in 1986, the 17-building property is on 12.4 acres at 6011 Oakland Hills Dr. It underwent significant renovations in 2013 and 2017. Marcus & Millichap represented the seller, Florida-based DIJ Properties, and procured the Texas-based buyer. The […]
With the housing crash of 2006-2008 still visible in the rear-view mirror, many are concerned the current correction in the stock market is a sign that home values are also about to tumble. What’s taking place today, however, is nothing like what happened the last time. The S&P 500 did fall by over fifty percent […]
SAN ANTONIO – Embrey Partners Ltd. has started on Estates at Hill Country Village, a 296-unit apartment complex on US 281 between Loop 1604 and 1-410. The property will have one- to three-bedroom units. Rents will range from $1,200 to $2,500 per month. Amenities will include a fitness center, game room, and studio with on-demand virtual […]
SAN ANTONIO – The San Antonio Housing Trust and NRP Group have completed the Stella, a 321-unit affordable apartment complex at 4835 Lord Rd. The property offers one- to four-bedroom units reserved for residents earning 50 to 60 percent of the area’s median income. Rents range from $714 to $1,110 per month. Amenities include […]
HOUSTON – California-based Bolour Associates is redeveloping Bella Luna and San Lucas, two multifamily communities totaling 780 units. Situated on a combined 20 acres at 6160 Glenmont Dr., the properties feature one- to three-bedroom apartments and townhomes. The redevelopment will deliver upgraded interiors and renovated landscaping, common areas, and exteriors. Completion is slated for September 2020. The Real Estate […]
HOUSTON – The Houston Association of Realtors (HAR) has suspended the display notices of open houses on their website due to the COVID-19 outbreak. In addition, HAR is waiving third quarter Multiple Listing Service fees for most firms. Many national real estate franchises and brokerage firms have either cancelled all in-person open houses or are strongly encouraging their agents […]
PASADENA – Plastics fabricator Johnson Controls Inc. has signed a 29,954-sf industrial lease at 4111 Greenshadow Dr. Lee & Associates represented the landlord, Vigavi Zen LLC. CBRE represented the tenant. Get more Houston-area news on the Real Estate Center’s website: Local industrial news Texas Quarterly Commercial Report Source: REBusiness Online
More and more economists are predicting a recession is imminent as the result of the pullback in the economy caused by COVID-19. According to the National Bureau of Economic Research: “A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real […]
DALLAS – Larkspur Capital Partners is building apartments at 1100 N. Zang Blvd. near Lake Cliff Park. Omniplan designed the five-story, 71-unit community. Amenities will include a pool, coworking space, gym, dog wash, bicycle repair shop, and electric vehicle charging. Construction will kick off in May and take 18 months. The community is within a […]
AUSTIN – The Department of Savings and Mortgage Lending was authorized today to temporarily suspend any requirement that a mortgage lender’s office be open to the public during posted normal business hours. Additionally, licensed mortgage loan originators may work from home or another remote location, whether in Texas or another state, even if the home or remote […]
