HOUSTON – A limited liability company has purchased SpringHill Suites Houston 290, a 78-room hotel at 20350 Northwest Fwy. Marcus & Millichap marketed the property on behalf of the seller, a limited liability company, and secured the buyer. Get more Houston-area hotel news on the Real Estate Center’s website. Source: Connect Media
HOUSTON – CBRE Global Investors has acquired Elan Med Center, a 281-unit apartment community in the Texas Medical Center. Built in 2014, the property at 7010 Staffordshire Dr. offers one- and two-bedroom floor plans ranging from 597 to 1,262 sf. Amenities include a pool, clubhouse, game room, fitness center, pet park, study lounges, and an […]
Many American businesses have been put on hold as the country deals with the worst pandemic in over one hundred years. As the states are deciding on the best strategy to slowly and safely reopen, the big question is: how long will it take the economy to fully recover? Let’s look at the possibilities. Here […]
MIDLAND – Falling oil and gas activity and COVID-19 have impacted the national, state, and local labor markets. The unemployment rate in the metro jumped from 2.3 percent in February to 3.1 percent in March. From March 2019, unemployment climbed 1.1 percent. The metro’s dominant industry sector — mining, logging and construction — was the only sector that added […]
DALLAS – Rastegar Property is developing a 270-unit high-rise apartment community at 1899 McKinney Ave. Amenities will include storage lockers, a pool, rooftop terrace, and common areas on each floor. The property will have North America’s tallest living wall with over 40,000 plants making up the structure. Sonder will operate the property, which will be complete by […]
LEON COUNTY – Houston-based ConnectGen LLC is developing a 1,300-acre solar farm in the southwestern part of the county. The two-phase project, called Pecan Prairie Solar, will have a capacity of about 500 megawatts (MW) of power. The $159 million first phase will deliver about 150MW. Construction starts in first quarter 2021. Phase one will be operational starting in […]
HOUSTON – Miami-based One Real Estate Investment has acquired the 211-unit Sunswept Townhomes at 12247 Sunset Meadow Ln. Built in 1982, the property has one-, two-, and three-bedroom floor plans ranging from 745 to 1,257 sf. Berkadia originated a ten-year, floating-rate acquisition loan through Freddie Mac for the buyer, who plans to renovate the property. […]
HOUSTON – The local industrial market yielded 2.6 million sf in net absorption in first quarter 2020, which was led by consumer goods, according to CBRE. Nearly 5.4 million sf of new available space was delivered during the quarter. The vacancy rate increased 77 basis points from the previous quarter to 6.6 percent. Development efforts kicked […]
There are two crises in this country right now: a health crisis that has forced everyone into their homes and a financial crisis caused by our inability to move around as we normally would. Over 20 million people in the U.S. became instantly unemployed when it was determined that the only way to defeat this […]
DALLAS – Gold’s Gym has leased 26,428 sf in the Lofts at Lincoln Centre at the Dallas North Tollway and LBJ Fwy. The space started out as a private club building with a gym. TIAA has owned Lincoln Centre since 2005 and is making upgrades to the entire three-tower office complex. Cushman & Wakefield negotiated the deal. The […]
