DALLAS – Crescent Real Estate LLC has purchased The Crescent, a 1.3 million-sf office and mixed-use project in Uptown. This is the third time Crescent has owned the asset, which includes three connected office towers and 164,696 sf of retail space. The building is home to 125 tenants and amenities including 12 restaurants, a golf […]
For generations, the homebuying process never really changed. The seller would try to estimate the market value of the home and tack on a little extra to give themselves some negotiating room. That figure would become the listing price of the house. Buyers would then try to determine how much less than the full price […]
COLLEGE STATION – Texas’ housing market slowed in February after persistently low mortgage interest rates contributed to record sales in the existing-home sector the previous month. “Sales activity was greatly hindered by February’s unseasonably wintery weather that caused power outages and water disruptions across the state,” said Dr. Luis Torres, research economist for the Texas Real Estate […]
When’s the last time you made a trip to Dallas’ city center? With the expansion of the restaurant scene, outdoor spaces, and a host of attractions and activities, Downtown Dallas offers a variety of adventures for all. Whether you are looking for a family outing or a late night excursion, this…
DALLAS – A partnership between CanTex Capital and New York-based Imperium Capital has acquired a 135,000-sf industrial complex. The infill property is on 19.2 acres at 4001 Irving Blvd. in the West Brookhollow submarket. JLL arranged acquisition financing. The Texas Real Estate Research Center has more on DFW’s industrial market: Texas Quarterly Commercial Report Dallas-Fort Worth-Arlington industrial news Source: […]
PORTLAND – Houston-based McLeod Sears is redeveloping an 83,000-sf former Kmart store. Two tenants, Chick-fil-A and Autozone, have committed to the space. Z Construction is the general contractor. The Texas Real Estate Research Center has more Corpus Christi news online for free: Corpus Christi real estate news Texas Quarterly Commercial Report Source: REBusiness Online
LEANDER – Miami-based Constellation Group has purchased The Conley, a 259-unit apartment community at 665 N. Bagdad Rd. Completed in March 2020, the garden-style property has floor plans ranging from 521 to 1,598 sf. Amenities include resort-style pool with private cabinets and barbecue grills, resident lounge with market pantry and coffee bar, dog park, 24-hour gym, and yoga […]
DENTON – Seven Seas Holdings has acquired Village at Rayzor Ranch, a 300-unit multifamily community within the Rayzor Ranch mixed-use development. Built in 2019, the property has a pool, fitness center, art clubhouse, outdoor grilling areas, dog park, pickleball and bocce ball courts, coworking space, coffee bar, and outdoor yoga terrace. JLL arranged a $45.5 million acquisition […]
AUSTIN – Universal Technical Institute Inc. has leased 100,000 sf for a campus offering automotive, diesel, and welding technology courses. The campus will open in CM Techridge in early 2022. HPI Real Estate Services and Investments handles leasing for the space. The Texas Real Estate Research Center has more Austin education news online for free. Source: Austin Business Journal
Freddie Mac recently released their Quarterly Refinance Statistics report which covers refinances through 2020. The report explains that the dollar amount of cash-out refinances was greater in 2020 than in recent years. A cash-out refinance, as defined by Investopia, is: “a mortgage refinancing option in which an old mortgage is replaced for a new one […]
