HASLET – Mesirow Financial has sold a 1.1 million-sf distribution building to a company affiliated with New York-based L&M Development Partners. Built in 2019 on Intermodal Pkwy., the facility is occupied by Amazon. The shipping hub sale is part of a larger $570 million deal totaling 1.4 million sf. Avison Young brokered the sale of the two assets. The […]
SELMA – Farmer Brothers Co. has signed a 21,000-sf lease at Enterprise Building VI in Enterprise Industrial Park. The company will move into Enterprise Building VI at 17445 Lookout Rd. in April. They join RH, which signed a 62,000-sf lease in the building. Cushman & Wakefield represented the tenant. Colglazier Properties represented the owners. The Texas Real Estate Research Center […]
RICHMOND – Read King Commercial Real Estate has partnered with Wayfinder Real Estate to build a luxury multifamily community in its 135-acre Waterview Town Center mixed-use project. Called The Waterview, the 295-unit community will be at the northwest corner of Grand Pkwy. and Harlem Rd. It will have one-, two-, and three-bedroom units. Amenities will include a resort-style […]
Is the idea of saving for a down payment holding you back from buying a home right now? You may be eager to take advantage of today’s low mortgage rates, but the thought of needing a large down payment might make you want to pump the brakes. Today, there’s still a common myth that you […]
KYLE – AGAP Kyle LLC has acquired Kyle Premier Storage, a 707-unit storage facility at 19580 I-35. The Class A property spans 81,781 net rentable sf. Bellomy & Co. represented the seller, William R. Holmes, and procured the buyer. The Texas Real Estate Research Center has more local commercial real estate news like this online: […]
FORT WORTH – Presidium has broken ground on Presidium Berkshire, a 340-unit apartment community near Alliance Town Center at SH 287 and Bonds Ranch Rd. Designed by O’Brien Architects, the 352,000-sf property will have amenities including a clubhouse, business center, demonstration kitchen, two-story fitness center, dog park, pool, and outdoor grilling stations. Kimley-Horn is the civil engineer, and Provident […]
The month of February is traditionally reserved to celebrate the achievements of African Americans in our society. In Dallas, it is a time to reflect on the history, culture, and creativity of black heritage and how it has helped shape our city. In 2021, even as the coronavirus pandemic forced…
AUSTIN – Legacy Performance Capital is developing The Station at St. Elmo, a 136-unit condominium and townhome community in the St. Elmo District. The community will have studio and one-, two, and three-bedroom units. Amenities will include a pool and indoor and outdoor social gathering areas. Construction begins this summer and will be complete in fall […]
McKINNEY – KDC has broken ground on the second phase of Independent Bank’s $59.5 million headquarters campus. The six-story, 198,000-sf building will be on Craig Dr. within the Craig Ranch master-planned development. Completion is set for 2022. The Texas Real Estate Research Center has more DFW real estate news: Local office news Texas Quarterly Commercial Report Source: REBusiness Online
COLLEGE STATION – Before COVID-19, Texas’ home price growth was strong but declining to more sustainable rates. Texas Real Estate Research Center Senior Data Analyst Joshua Roberson said 2020’s unpredictability led to growth estimates that could be mistaken for data flukes. Fourth quarter price growth, based on the Center’s Home Price Index, is enough to cause alarm. In […]
