AUSTIN – PlaceMKR has acquired a 145,000-sf industrial portfolio along SH 71. The properties are at 701, 4905-5001, 5005, and 5109 E. Ben White Blvd. and 3507 and 3533 Chapman Ln. The assets are fully leased to Kyrish Truck Center, Ace Contracting Supply, Austin Speed Shop, Stainless Steels, Austin Community College, and Casa Moreno. The Real Estate Center […]
KILLEEN – Arbors Edge, a 250-unit apartment complex at 600 W. Hallmark Ave., has been sold. Built in 1966, the property has one- to three-bedroom units. Monthly rents range from $499 to $699. Amenities include a pool, playground, basketball court, and laundry facilities. The Multifamily Group represented the Illinois-based seller and procured the buyer. If […]
Some Highlights The percentage of income needed to afford a median-priced home today is declining, while that for renting is on the rise. This is making buying a home an increasingly attractive option for many people, especially with low mortgage rates driving purchasing power. Let’s connect if you’d like expert guidance on exploring your homebuying […]
SHERMAN – KWA Construction has completed the second phase of The North Flats student housing project at Austin College. Phase II delivered 38 units within a 43,613-sf building. Architecture Demarest designed the project, which opened this month. If you’re looking for more news like this, head to the Center’s website. Sherman-Denison real estate news Texas Quarterly Apartment Report Texas multifamily […]
PFLUGERVILLE – Oxford Enterprises has purchased Santa Clara, a 300-unit luxury apartment complex at 1701 S. Heatherwilde Blvd. Built in 2019, the three-story property has one- to three-bedroom units. Amenities include a pool, playground, pet play area and washing station, fitness center, media center, business center, and clubhouse. Marcus & Millichap represented the seller, Santa […]
SAN ANTONIO – NRP Group is building The Scott at Medio Creek, a 324-unit apartment community at 9130 Excellence Dr. The complex will include one- to four-bedroom units. Units will be priced from 30 percent to 70 percent of the area median income. Amenities will include a pool, fitness center, and community garden. The complex […]
Dallas has a BIG reputation for supersized city limits, but to get to know the real Dallas, you must explore the exciting neighborhoods that bring personality, diversity and unique character to its big city landscape. Stretching down Greenville Avenue is a neighborhood so charming it would give Stars Hollow…
IRVING – The 421-room Omni Las Colinas Hotel has undergone a $13 million facelift. The building at 221 E. Las Colinas Blvd. was formerly called the Omni Mandalay Hotel. Renovations include a redesigned interior, three new dining concepts, a redesigned pool area, and a lobby bar. Get more Dallas hotel news on the Real Estate Center’s website. […]
WASHINGTON – As of July, national housing inventory declined 32.6 percent year-over-year, and the inventory of newly listed properties declined 13.4 percent nationally. Real Estate Center Chief Economist Dr. Jim Gaines expects existing-home inventory for sale to remain tight and may get even more constrained because of limited incentives for current owners to move. “Baby boomers, a primary homeowner […]
CHANNELVIEW – LDG Multifamily LLC and HCHA Redevelopment Authority Inc. are developing the Hollows Apartments. The 7.5-acre, 192-unit affordable housing community will have 36 one-bedroom, 84 two-bedroom, and 72 three-bedroom floor plans. Units are restricted to households earning up to 30, 50, and 70 percent of the area median income. Construction begins in September and wraps up in March […]
