HUMBLE – Dallas-based GenCap Group has started leasing The Sarah at Lake Houston. The 350-unit apartment community at 17571 W. Lake Houston Pkwy. has one- to three-bedroom units. Amenities include a pool, fitness center, beer garden, dog park, and private lake access. Greystar manages the property, which opens this month. The Real Estate Center has more […]
HOUSTON – Melbourne, Fla.-based Ti Cold Development is working on a 304,000-sf cold storage facility near the George Bush Intercontinental Airport. The facility will be in the East Hardy Commerce Park on the east side of Hardy Toll Rd. near Airtex Dr. It will have over 42,000 pallet positions and a 55-ft-deep refrigerated dock. Get more […]
DALLAS – An affiliate of Omaha, Neb.-based Tetrad Property Group has purchased the Preston Trail Atrium. The two-story, 122,000-sf office is at 17330 Preston Rd. near Preston Trail Country Club. Seller Quadrant Investment Properties LLC had owned the property since 2013. The acquisition was financed with a loan from Affiliated Bank of Arlington. The Real Estate Center has […]
PLANO – Florida-based TerraCap Management has purchased Preston Park, a two-building, Class A multitenant office development. Built in 1997, the 198,788-sf building pair has newly renovated lobbies, common areas, tenant lounges, and conference centers. Both assets are 90 percent occupied. California-based Libitzky Property Companies and Sunwest Real Estate Group were the sellers. Colliers International brokered the sale. The […]
Equity continues to rise, helping American homeowners secure a much more stable financial future. According to the most recent data from CoreLogic, the average homeowner gained $9,800 in equity over the past year. In addition, experts project 2020 home prices to continue rising. With prices going up, equity gains will also keep accelerating. Black Knight […]
GARLAND – GroundFloor Development has teamed up with the city on a $30 million residential and commercial project on the northwest corner of S. Garland Ave. and W. Ave. B in downtown. The four-acre site is currently home to a Chase Bank building, the former Wyatt’s Cafeteria, and other commercial buildings. GroundFloor will tear down the vacant cafeteria and […]
AUSTIN – CAF Capital Partners has purchased The Aspect by Cortland, a 308-unit apartment complex at 4900 E. Oltorf St. Built in 2001, the property has one- to three-bedroom units. Rents range from $1,061 to $1,964. Amenities include a business center, clubhouse, fitness center, pool, and pet play area. Newmark represented the seller, Atlanta-based Cortland. […]
SAN ANTONIO – SOJO Urban Development has completed SOJO Commons, a 27-home townhome community at 774 E. Locust St. The property has three-story floor plans starting in the $500,000s. Amenities include garages, rooftop decks, elevators, and a pool. G.W. Mitchell Construction was the general contractor. Alamo Architects designed the project. The Real Estate Center has […]
COLLEGE STATION – Texas’ initial unemployment claims increased to 51,500 the week ending Oct. 17, the second straight week of increases. This brings the total since March 21 to 3.7 million, according to data from the U.S. Department of Labor (DOL). Unemployment insurance claims remain three times higher than pre-pandemic levels. “This upsurge in initial claims is not […]
ROCKWALL – SWBC is nearing completion of The Royalton at Rockwell Downes, a 295-unit multifamily project at 2300 Discovery Blvd. The community will have one-, two-, and three-bedroom residences. Amenities will include a pool, spa, indoor/outdoor game room, fitness center with a spin studio, and dog wash saloon. The project is Phase I of a larger 590-unit development. The […]
