FORT WORTH – Stillwater Capital Investments has started on Stillwater Crystal Springs, a 386-unit apartment project. The community will be on seven acres along the Trinity River. It will have studio and one- and two-bedrooms floor plans. Amenities will include a pool, fitness center, outdoor lounge, coworking space, and a dog park. JLL placed a construction loan through Texas […]
The New York Times recently ran an article regarding unemployment titled: Don’t Cheer Too Soon. Keep an Eye on the Core Jobless Rate. The piece suggests we should look at unemployment numbers somewhat differently. The author of the article, Jed Kolko, is a well-respected economist who is currently the Chief Economist at Indeed, the world’s […]
In May, VisitDallas and the Dallas Tourism Public Improvement District (DTPID) announced a collaborative initiative to lead the nation by becoming the first destination to receive Global Biorisk Advisory Council (GBAC) STAR accreditation designating Dallas hotels, the Kay Bailey Hutchison Convention Center Dallas, and selected city-owned arts and cultural institutions…
RICHARDSON – West Coast University is moving its Texas nursing and health care school to a three-story office building at 2323 North Central Expy. The 136,000-sf building will accommodate 1,000 students. Improvements are valued at $6.5 million. The long-vacant building was constructed in 1985. KDC sold it to a California-based investor in September after owning it since 2011. […]
DALLAS – Urby, a unit of Hoboken, N.J.-based Ironstate Development Co., is planning a high-rise residential building in the Design District. The $93 million apartment tower at 1930 Hi-Line Dr. will have 383 units across 27 towers. This will be the first of two towers planned for the almost four-acre block the developer purchased last year. […]
COLLEGE STATION – After accounting for seasonal factors, existing homes sold through Texas Multiple Listing Services fell to their lowest level since 2012 amid public health precautions and social distancing measures. “The month of May marked the housing market’s deepest decline thus far during the ongoing COVID-19 pandemic,” said Dr. James Gaines, chief economist for […]
CORPUS CHRISTI – The Plaza Inn Corpus Christi, a 105-room hospitality property at 2021 N. Padre Island Dr., has been sold. Amenities include an outdoor pool, fitness center, laundry facility, and grills. Marcus & Millichap arranged the sale. If you’re looking for more Corpus Christi real estate news, head to the Center’s website. Source: Connect Media
SAN ANTONIO – A partnership between Steele Properties and the San Antonio Housing Trust has acquired Pan American Apartments, a 100-unit affordable housing complex at 143 N.W. 36th St. Built in 1968, the property offers one- to three-bedroom units. Rents range from $334 to $669 per month. Amenities include an onsite daycare center, playground, and laundry […]
DALLAS – Quadrant Investment Properties has purchased 12 buildings totaling 150,000 sf in the Design District. The new owner will redevelop the assets, most of which are on Manufacturing and Levee Streets and Irving Blvd. near the Trinity River. Knighthead Funding LLC provided $26.9 million in acquisition financing, a portion of which will also be used for […]
A worldwide pandemic and an economic recession have had a tremendous effect on the nation. The uncertainty brought about by both has made predicting consumer behavior nearly impossible. For that reason, forecasting home prices has become extremely difficult. Normally, there’s a simple formula to determine the future price of any item: calculate the supply of […]
