LEANDER – Cadence McShane Construction has completed Hermosa Village, a 329,418-sf apartment complex at 11680 Hero Way W. The property offers 238 one- to three-bedroom units. Rents range from $1,140 to $2,224 per month. Amenities include a fitness center, pool, dog park, and community farm. The Real Estate Center has more news like this online […]
Archives: November 2020
Old Motorola campus transforming into office park
AUSTIN – The city has approved a rezoning request to redevelop the old Motorola campus into the Tech 3443 office park. Romspen is planning a seven-building, multi-use campus anchored by a pair of 40-story buildings. Construction will be complete in five years. The Real Estate Center has more office news for Austin-Round Rock: Texas Quarterly […]
13 Things to do in Dallas this December: Big D Holiday Edition
Don’t Let Buyer Competition Keep You from Purchasing a Home
This year’s record-low mortgage rates sparked high demand among homebuyers. Current homeowners, however, haven’t put their houses on the market so quickly. This makes finding a home to buy today challenging for many potential buyers. With an obstacle like this, those searching for their dream homes may be pressing pause on their searches as we […]
A Day in Dallas: Cimone Key
Texas jobless claims rise alongside COVID-19 cases
COLLEGE STATION – Texas’ initial unemployment claims increased to 37,500 the week ending Nov. 14 after decreasing to their lowest number the previous week. This brings the total since March 21 to 3.84 million, according to data from the U.S. Department of Labor (DOL). A key driver of the increase was the growth in initial claims filed under the Pandemic Unemployment Assistance program, which […]
JPI sells 1,174-unit apartment portfolio in DFW
IRVING – Locally based JPI has sold three apartment communities totaling 1,174 units to an affiliate of Lone Star Funds. The properties include: Jefferson Promenade, 55 Promenade Pkwy. in Irving; Jefferson 1900, 1900 Knightsbridge Rd. in Farmers Branch; and Jefferson Silverlake, 1775 SH 26 in Grapevine. All of the communities have pools, fitness centers, resident lounges, and high-end interior […]
Two buildings underway at Creekview 121 business park
LEWISVILLE – EastGroup Properties Inc. is adding to its Creekview 121 industrial and office center along SH 121. The two new buildings will total 145,000 sf. Designed by Method Architecture, the development is set to kick off in early 2021. EastGroup started the 28-acre project in 2015 and has already developed eight buildings. The Real Estate […]
Trammell Crow developing 378-unit multifamily in Houston
HOUSTON – Trammell Crow Residential is developing Allora Northwest Crossing, a 378-unit apartment community at 5550 Bingle Rd Amenities will include a fitness center, pool, dog park, and a bike storage room. Delivery is slated for fourth quarter 2021. NAI Partners represented Trammell Crow affiliate Maple Bingle Apartments LLC in the acquisition of the 16.8-acre site. NAI also represented the […]
Who is today's seller, buyer? Texas Realtors shares insights
AUSTIN – Texas Realtors has released its 2020 Texas Homebuyers and Sellers Report, which examines details about real estate consumers’ income, ethnicity, age, and perceptions of the homebuying and selling processes. More than half of Texas homebuyers said finding the right property was the most difficult part of the homebuying process. One-fifth of Texas homebuyers stated […]