GALVESTON – Houston-based Wan Bridge is building Palm Bay, the island’s first build-to-rent community in the Bayside at Waterman housing development. Palm Bay will have 94 single-family detached homes and 20 condominiums. It will have three- and four-bedroom options with 2.5 bathrooms and living areas spanning 1,600 to 1,800 sf. The Real Estate Center has more […]
Archives: October 2020
TREC announces new deputy general counsel
AUSTIN – Abby Lee was named deputy general counsel of the Texas Real Estate Commission (TREC) effective Oct. 20, 2020. Prior to joining TREC, Lee worked as in-house counsel for Texas Realtors for nearly eight years. During that time, she served as the association’s liaison to TREC. Most recently, she served as an assistant general counsel for the Texas Medical Association. […]
Three Ways Low Inventory Is a Win for Sellers
The number of houses for sale today is significantly lower than the high buyer activity in the current housing market. According to Lawrence Yun, Chief Economist for the National Association of Realtors (NAR): “There is no shortage of hopeful, potential buyers, but inventory is historically low.” When the demand for homes is higher than what’s […]
Alta Washington apartments open in Memorial Park
HOUSTON – Wood Partners has completed Alta Washington, a 204-unit apartment complex at 6400 Washington Ave. in Memorial Park. The property has one- and two-bedroom floor plans as well as six townhome units. Monthly rents start at $1,675 for a one-bedroom unit. Amenities include a pool, fitness center, business center, package sorting room, outdoor grilling stations, and […]
BOSS Austin inks 25K-sf industrial lease
PFLUGERVILLE – BOSS Austin has signed a 25,050-sf, full-building lease at 16064 Central Commerce Dr. Built in 1998, the building offers office and warehouse space. ECR represented the tenant. Development 2000 Inc. represented the landlord. The Real Estate Center has more office news for Austin-Round Rock: Texas Quarterly Commercial Report Austin-area office news Local industrial news […]
NorthPoint building 863,000-sf logistics center
KYLE – NorthPoint Development is building the Plum Creek Industrial Center, a 76-acre industrial park within the Plum Creek master-planned community. Phase one will bring two buildings totaling 444,058 sf. Construction will be complete in 2021. The second phase will include two more buildings, bringing the development to around 863,000 sf. The Real Estate Center has more […]
Neighborly Brands opening second HQ in Irving
IRVING – Neighborly Brands is opening its second headquarters building at 500 E. John Carpenter Fwy. The eight-story, 34,000-sf office will open in early 2021. It will house more than 200 full-time workers by the end of 2026. Koa Partners is the landlord. Cushman & Wakefield negotiated the lease. The Real Estate Center has more on DFW real estate news: […]
Dallas shopping center trades hands
DALLAS – Skillman Centre, a 55,867-sf retail property at 9205 Skillman St., has been sold. The asset was 66 percent leased at the time of sale. Marcus and Millichap brokered the sale. The Real Estate Center has more on the North Texas retail market: Texas Quarterly Commercial Report DFW retail news Source: Marcus & Millichap
Wolff starts on Beacon Hill
WALLER – Wolff Cos. has started on Beacon Hill, a 521-acre mixed-use development on US 290. The project will include a 251-acre business park with office, light industrial, distribution, multifamily, and retail uses. Long Lake Ltd. purchased the northernmost 270 acres to develop an 870-home residential community. Homes will range from the low-$200,000s to the mid-$400,000s. Wolff […]