SPRING – An entity managed by CDC Houston has purchased Mark at CityPlace Springwoods Village, a 268-unit apartment complex at 1600 Springwoods Plaza Dr. Designed by WGW Architects and built in 2017, the property has one- to three-bedroom floor plans ranging from 572 to 1,599 sf. Amenities include a pool, outdoor kitchen, fitness center, demonstration kitchen, library, […]
THE WOODLANDS – Lexicon Pharmaceuticals has signed a 25,288-sf lease for its new corporate headquarters at 2445 Technology Forest Blvd. The deal comes after Lexicon sold its corporate campus at the end of last year. NAI Partners represented the tenant. Get more Houston-area office news on the Texas Real Estate Research Center’s website: Local office news Texas Quarterly […]
Over the past year, we’ve had plenty of opportunities to reflect on what we consider most important in our lives. The place we call home is one of the biggest things many of us are reevaluating. George Ratiu, Senior Economist at realtor.com, shares: “The very nature of the pandemic, through the health implications, social distancing, […]
FORT WORTH – Stonemont Financial Group has purchased 29.2 acres for a two-building speculative warehouse project totaling 500,000 sf. The project at 12901 Harmon Rd. will deliver in first quarter 2022. Lee & Associates DFW represented the seller, LCT Properties. The buyer was represented internally. The Texas Real Estate Research Center has more on DFW’s industrial market: Texas Quarterly Commercial Report […]
PORTER – The Woodlands-based The Signorelli Co. has started construction on The Gregory Apartments, a 269-unit multifamily community within the Valley Ranch master-planned community. The property will have one- and two-bedroom units averaging 900 sf. Amenities will include a pool, fitness center, social lounge areas, business center, and direct access to several acres of open green space. The […]
SUGAR LAND – New York-based Crunch Fitness is opening a 30,240-sf gym at a former Michaels store at the 410,000-sf First Colony Commons retail center. Opening is set for Oct. 1, 2021. Houston-based NewQuest Properties represented the tenant. Wulfe & Co. represented the landlord, a Dallas-based entity doing business as TPP 306 First Colony LLC. Get more […]
RICHARDSON – Cadence McShane Construction has completed an addition and renovation project on Lake Highlands High School for Richardson Independent School District. Designed by HKS, the project included: a multipurpose activity center with a 78,000-sf indoor practice facility (including an 80-yard practice field) and a 24,000-sf Class A structure with offices, locker rooms, and sport support areas; 144,000-sf “HUB” addition […]
COLUMBUS – Los Angeles-based DWG Capital Partners has acquired a light industrial facility at 1317 Business Hwy. 71 N. The 35,835-sf property was acquired from The Theut Co. in a sale-leaseback transaction. SAB Capital represented the tenant. Washington Federal Bank provided acquisition financing. Get more Houston-area industrial news on the Texas Real Estate Research Center’s website: Houston-area industrial news Texas Quarterly […]
There has been a lot of discussion as to what will happen once the 2.3 million households currently in forbearance no longer have the protection of the program. Some assume there could potentially be millions of foreclosures ready to hit the market. However, there are four reasons that won’t happen. 1. Almost 50% Leave Forbearance […]
SAN ANTONIO – Jordan Foster Construction is building The Floodgate, a 16-story mixed-use tower at 139 E. Commerce St. The building will include 60 luxury apartments, 10,000 sf of River Walk restaurant space, and a 56-space automated parking system. Occupancy is set for March 2022 with commercial finish-outs beginning around October. The Texas Real Estate Research Center […]
