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Archives: October 2020

Texas housing market strong in 4Q2020

​COLLEGE STATION – The Texas housing market has been unexpectedly robust in 2020, Real Estate Center data show.  “Perhaps because of t​he strong association with the last major recession, ignited by the mortgage market collapse, many expected residential real estate to fall flat on its face,” said Center Senior Data Analyst Joshua Roberson. “​But so far, […]

Texas jobless claims hit lowest level of pandemic

​​​​​​​​​​​​​​​​​​COLLEGE STATION – ​Initial unemployment insurance claims in Texas decreased to their lowest level since the pandemic hit the economy.  New claims fell to around ​34,000 the week ending Oct. 24, reversing a two-week upward trend. This brings the total number of initial claims to 3.73 million, according to data from the U.​S. Department of Labor (DOL).​ Despite the decrease, […]

152-unit The Connally Apartments trades hands on North Side

​​SAN ANTONIO – Austin-based JMB Group LLC has purchased Connally Apartments at 5300 N.W. Loop 410.  The 152-unit multifamily complex has one- to t​hree-bedroom floor plans. Rents range from $895 to $1,310 per month.  Amenities include a fitness center, pool, courtyard, and picnic area.   Newmark Knight Frank represented the seller. ​ The Real Estate Center has more news […]

Mill Creek Residential building luxury apartments in Frisco Square

​FRISCO – Mill Creek Residential has broken ground on Modera Frisco Square, a luxury apartment community at 5995 Gordon St. The wrap-style community will have 360 apartments, including 31 townhomes with private​ garages. Amenities include a resort-style pool deck and courtyards.  It is within the 147-acre Frisco Square master-planned complex.​ Move-ins begin in spring 2022. The Real Estate […]

Skyline buys 250-MW solar project in West Texas

​​​PORTLAND, Ore. – ​Skyline Renewables will finance and manage the construction of a 250-magawatt (MW) solar project in Central West Texas. The Galloway I Solar ​Project was acquired from 8minute Solar Energy. It will begin operation by the end of 2021. Skyline is backed by private investment house Ardian. Morgan Stanley Renewables Inc. is the sole tax […]

Benchmark Northwest delivers in Houston

​​​​​​HOUSTON – Stream Realty Partners has completed Benchmark Northwest Distribution Center, a 157,887-sf speculative industrial project at 5215 Campbell Rd. The side-load building has 32-ft clear heights, 33 dock-high doors, an ESFR sprinkler system, 33 trailer parking spaces, and 125 automobile parking spaces, which can be expanded to 202 spots.  Ware Malcomb was the architect. […]

Bridge Partners acquires 368-unit Plano multifamily

​​PLANO – Fountains at Steeplechase, a 368-unit multifamily asset at 7301 Alma Dr., has been sold. Built in 1984, the 23-acre property has two swimming pools, a fitness center, and a clubhouse with a cybercafé. Average unit size is 857 sf. Institutional Property Advisors represented the seller, Hamilton Zanze, and procured the buyer, Bridge Partners.​​​ The Real Estate Center​​​​ […]