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Archives: March 2021


Sterling purchases 364-unit multifamily high-rise

​AUSTIN – Sterling Equities has purchased Flatiron | Domain, ​​a 364-unit luxury apartment community at 10727 Domain Dr.  Built in 2019, the property has studio and one-, two-, and three-bedroom units. Rents range from $1,403 to $4,592 per month.  Amenities include a pool, fitness center, and coffee shop.  Newmark represented the seller, Stonelake Capital Partners.  The property […]



1M-sf Amazon fulfillment center slated for Amarillo

​​AMARILLO – Amazon is developing a one million-sf fulfillment center at the corner of NE 24th Ave. and Loop 335.  The center will create 500 full-time jobs and generate $35 million in economic impact.  Construction will be complete in early 2022. ​ The Real Estate Center has more news like this: “Shifting Winds: Amarillo’s Housing Market Slowdown”​ Amarillo real […]


Presidium breaks ground on 283-unit apartment community

​​AUSTIN – Presidium has broken ground on the first phase of Presidium Waterford, a 283-unit apartment complex at 9127 Research Blvd.  The 281,533-sf community will have one- and two-bedroom units.  Amenities will include a pool, fitness center, bocce court, fire pits, and office lounges. ​ The first units will be delivered in December 2022.  O’Brien Architects […]


Univest Inc. buys 360-unit apartment community

​​SAN ANTONIO – Univest Inc. has sold Overlook at Stone Oak Park, a 360-unit garden-style apartment community at 22202 Estate Hill Dr.  Built in 2014, the property has studio and​ one-, two-, and three-bedroom floor plans.  Amenities include a pool, fitness center, and clubhouse.  Marcus & Millichap represented the seller, a partnership between CAF Capital Partners […]


Cove Capital picks up $35M apartment complex

​​​SAN ANTONIO – Cove Capital Investments LLC and its affiliates have purchased Aberdeen Acres, a 38-unit apartment community at 236 Deerwood Dr. ​​​ The 12-building, 27,098-sf co​mmunity has one- and two-bedroom units. The Texas Real Estate Research Center has more news like this online for free: Texas Quarterly Apartment Report San Antonio multifamily news​ Source: San Antonio Business Journal


Laredo industrial park fully leased to two foreign tenants

​​​​LAREDO – Two international companies have moved into Sophia Industrial Park, a 230,900-sf building on 20.6 acres at 13819 Humphrey Rd.  Winnipeg, Canada-based Palliser Furniture took possession of their 117,191-sf space at the beginning of March. Saltillo, Mexico-based Vitromex U​SA moved in fourth quarter 2020.​ Humphrey Development, a branch of GONTOR Group, ​​developed the building. Forum CRE […]



Work starts on Potter County court project

​AMARILLO – Adolfson & Peterson Construction, in partnership with Potter County, has broken ground on the District Courts Building, a 158,250-sf civic project.  Designed by HOK Group, the five-story project will house courtrooms, a jury assembly room, county offices, holding areas, and records storage space.  Completion is slated for late 2022. The Texas Real Estate Research Center has […]