SAN ANTONIO – MF Cap Echelon LLC has purchased Echelon at Monterrey Vista, a 240-unit luxury apartment complex at 1639 Cable Ranch Rd. Built in 2017, the community has one- to three-bedroom units. Rents range from $980 to $2,185 per month. Amenities include a pool, volleyball court, fitness center, pet play area, and clubhouse. Berkadia represented […]
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 […]
Americans See Major Home Equity Gains [INFOGRAPHIC]
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 community 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 USA moved in fourth quarter 2020. Humphrey Development, a branch of GONTOR Group, developed the building. Forum CRE […]
To Renovate or Not To Renovate Before You Sell
When thinking about selling, homeowners often feel they need to get their house ready with some remodeling to make it more appealing to buyers. However, with so many buyers competing for available homes right now, renovations may not be as vital as they would be in a more normal market. Here are two things to […]
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 […]