HOUSTON – Vanderbilt Lodge Apartments, a 105-unit multifamily complex at 12660 Medfield Dr., has been sold. The new ownership will implement a value-add program to building exteriors and unit interiors. Marcus & Millichap represented both the buyer and the seller. The Real Estate Center has more information like this online for free: Texas Quarterly Apartment Report […]
DALLAS – Megatel Homes is working on the city’s first lagoon-centered multifamily project. The 50-acre development will include four five-story buildings constructed around a man-made lagoon. It will adjoin Megatel’s SoHo square townhome community near Singleton and Borger Streets. Construction begins next year. The Real Estate Center has more information like this online for free: Texas Quarterly Apartment Report Dallas-area multifamily […]
HEREFORD – A subsidiary of Green Plains Inc. is selling an ethanol plant to Hereford Ethanol Partners LP for $39 million. The plant is at 4300 CR 8 within Deaf Smith County, southwest of Amarillo. Green Plains will acquire the storage and transportation assets and the assignment of railcar leases associated with the plant for $10 million. The Center has […]
When you think of what your perfect day is like, what does it include? Good food? Quality time with friends? This is something we asked Desmond Blair, an artist and the owner of the brand Art Without Obstacles. For Blair, who was born with a limb difference, Dallas has been…
In a year that was financially devastating for many Americans, some good news for most homeowners is the dramatic gain in home equity over the last twelve months. Last week, CoreLogic released its 2020 3rd Quarter Homeowner Equity Insights report, which reveals four major findings: U.S. homeowners with mortgages have seen their equity increase by […]
AUSTIN – Generational Commercial Properties is developing Zilker Point, a seven-story office tower at 218 S. Lamar Blvd. The development will have 195,000 sf of office space and 14,000 sf of ground-floor retail space. Amenities will include a fitness center, art gallery, public plaza, underground parking, and rooftop decks. Construction begins next summer and will […]
SCHERTZ – Hines Global Income Trust has acquired a 1.3 million-sf Amazon fulfillment center at 6000 Schertz Pkwy. for $129.2 million. The Class A warehouse was built in 2013 and last sold in 2016. The Real Estate Center has more on San Antonio’s industrial market: San Antonio industrial news Texas Quarterly Commercial Report Source: Commercial Property Executive
DEER PARK – S.I. Warehousing Co. Inc. has signed a 252,203-sf industrial lease in Monument Business Park. The park consists of a 414,900-sf cross-dock and a 194,610-sf front-load building that were completed in fourth quarter 2019. The buildings feature 32- to 36-ft clear heights and ample trailer parking. Boyd Commercial represented the owner and developer, Molto Properties, in the lease negotiations. Cushman & Wakefield […]
HUTCHINS – Jones Development has acquired 50 acres on Wintergreen Rd. just west of I-45 for speculative warehouse construction. The site is within a 3,000-acre industrial park. The seller was the owner of the larger park. The Real Estate Center has more on DFW’s industrial market: Texas Quarterly Commercial Report Dallas-Fort Worth-Arlington industrial news Source: Dallas Morning […]
SAN ANTONIO – Boardwalk at Windcrest LLC has acquired Bellevue at Windcrest, a 124-unit apartment community at 5341 Gawain Dr. Built in 1984, the property has one- and two-bedroom units. Rents range from $685 to $1,000 per month. Amenities include a pool and laundry facilities. The Real Estate Center has more news like this online […]
