HALTOM CITY – Bellrock Real Estate Partners has purchased Grand on Beach, a 304-unit apartment community at 4100 Northern Cross Blvd. Built on 15 acres in 2019, the asset has units averaging 818 sf. Amenities include a pool, fitness center, business center, outdoor dining lounge, and dog park. Institutional Property Advisors represented the seller, CLX Ventures, and […]
MISSION – Stan Johnson Co. has arranged the sale of two retail strip centers in the Rio Grande Valley. The 15,000-sf Ruby Plaza is at 6600 N. Val Verde Rd. in Donna. Palmhurst Plaza at 4322 N. Conway Ave. in Palmhurst totals 11,560 sf. Both buyers were private investors. The Real Estate Center has a wealth […]
HOUSTON – Lionstone Investments and Hanover Co. are partnering on Autry Park, a 14-acre mixed-use project at the western edge of Buffalo Bayou Park. The five-tower development will include 1,450 residential units, 350,000 sf of Class A office space, and 100,000 sf of retail. The buildings will surround greenspace. The project will be built in three […]
SALT LAKE CITY – El Paso has taken the top spot on Move.org’s list of U.S. cities with the lowest cost of living for renters. According to the report, the Far West Texas city has a total monthly cost of living of $1,324 per person. This includes $710 for renting a one-bedroom apartment. Corpus Christi was the next Texas city […]
IRVING – Arlington-based Type Six Design & Development has received zoning approval for a six-story Hotel Indigo in Las Colinas. The 150-room hotel will include a restaurant and meeting space. Construction starts in second quarter 2021. Get more Dallas hotel news on the Real Estate Center’s website. Source: Dallas Morning News
There’s no doubt 2020 has been a challenging year. A global pandemic coupled with an economic recession has caused heartache for many. However, it has also prompted more Americans to reconsider the meaning of “home.” This quest for a place better equipped to fulfill our needs, along with record-low mortgage rates, has skyrocketed the demand […]
COLLEGE STATION – The economy took a big step forward in 3Q2020 with GDP increasing 33 percent at an annualized rate. How did Texas homeowners fare last quarter? The percentage of Texas mortgages in delinquency dropped slightly from 9.35 percent in the second quarter to 9.1 percent in the third. Current levels are high compared […]
LUBBOCK – Bandera Ventures has broken ground on Lubbock Logistics Center Building 2, a 201,913-sf industrial building in the Lubbock Business Park. The cross-dock facility will have 56 dock doors, 36-ft clear heights, and 100 trailer parking positions. The Real Estate Center has more Lubbock news online for free: Lubbock real estate news Texas Quarterly Commercial Report Source: Lubbock Avalanche-Journal
SAN ANTONIO – PGA Superstore has leased 34,500 sf in Blanco Market, a shopping center at 18360 Blanco Rd. Work starts on the $1 million in early March 2021. Construction will finish by July. Get more San Antonio-area retail news on the Real Estate Center’s website: San Antonio-area retail news Texas Quarterly Commercial Report Source: San Antonio Business […]
SAN ANTONIO – Jefferson Bank has broken ground on a 230,000-sf office tower at 1900 Broadway. The project will have ground-floor retail, five levels of parking, and eight levels of office space, four of which will be occupied by Jefferson. Amenities will include a lounge, fitness center, bar, and outdoor patios. Construction will be complete by third quarter […]
