DALLAS – GVA Management has purchased Bella Vista Creek, a 272-unit, Class B multifamily community at 3402 S. Buckner Blvd. Built in 1985 and 1987, the complex has a mix of one- and two-bedroom units. Amenities include a business center, clubhouse, swimming pool, and gated access. The buyer plans an extensive rehab project. CBRE represented the seller, […]
AUSTIN – CKD USA, the U.S. subsidiary of Japanese manufacturer CKD Crop., has purchased a 50,000-sf industrial building. The new owner will invest about $13 million in revamping the facility at 4401 Supply Court. CKD will bring 70 new jobs to the area when it begins operations in fall 2021. NAI Partners represented the buyer, and […]
AUSTIN – Locally based Pearlstone Partners and New York-based ATCO Properties and Management are developing a 41-story condominium tower in the Rainey Street Historic District. Currently referred to as “The East Tower,” the project will include 284 units averaging 975 sf. Prices will be between $499,000 and $999,000. Work starts in second quarter 2021 with completion set […]
SAN ANTONIO – Hotel Contessa, a 265-room hotel in the Riverwalk area, has been sold. The 12-story building at 306 W. Market St. was built in 2005. It has 10,000 sf of event space, a rooftop pool, restaurant/bar, and full-service spa. Hodges Ward Elliott represented the seller and arranged financing on behalf of the buyer. […]
KATY – Alliance Residential Co. has opened Prose West Cypress, a 336-unit “cost-efficient” apartment community at 19770 Clay Rd. The Prose brand is intended to be more affordable by eliminating lavish amenities and upscale common area features many area apartments have. The Real Estate Center has more information like this online for free: Texas Quarterly Apartment Report Houston […]
We’ve all experienced a year we’ll never forget, and we all deserve a holiday season that we’ll never forget. Don’t spend the most wonderful time of the year on your couch watching your friends make memories without you. Instead, grab your crew and embark on a photo outing adventure…
Today’s real estate market has high buyer interest and low housing inventory. With so many buyers competing for a limited number of homes, it’s more important than ever to know the ins and outs of making a confident and competitive offer. Here are five keys to success for this important stage in the homebuying process. […]
Some Highlights Buying a home can be intimidating if you’re not familiar with the terms used throughout the process. To point you in the right direction, here’s a list of some of the most common language you’ll hear along the way. The best way to ensure your homebuying process is a positive one is to […]
SAN ANTONIO – Wheelock Street Capital has purchased Hotel Contessa, a 265-unit all-suite hotel at 306 W. Market St. Built in 2005, the 12-story building has a rooftop pool, restaurant and bar, spa, and 10,000 sf of event space. Get more San Antonio-area hotel news on the Real Estate Center’s website. Source: San Antonio Business Journal
