HOUSTON – Locally based David Z. Mafrige Interests has purchased World Houston Plaza, an eight-story building near Bush Airport. The 216,889-sf office building at 15710 John F. Kennedy Blvd. was built in 1985. It was purchased at a Ten-X auction. Colliers International represented the seller. Get more Houston-area office news on the Texas Real Estate Research Center’s website: Local office news […]
HOUSTON – Work has started on Houston ColdPort, a 315,101-sf cold-storage warehouse on 22.48 acres at 7600 Uvalde Rd. The facility will have a 50-ft clear height warehouse, a 60-ft-deep cold dock, 38 dock positions, LED lighting, dry fire sprinkler system, 200-ft-deep truck court with 57 trailer parking spaces, and automobile parking. Completion is slated for […]
At the beginning of the year, industry forecasts called for home price appreciation to slow to about half of the double-digit increase we saw last year. The thinking was that inventory would increase from record-low levels and put an end to the bidding wars that have driven home prices up over the past twelve months. […]
IRVING – Alesio Urban Center, a 900-unit rental community at 385 E. Las Colinas Blvd., has been sold. Built starting in 1987, the 17-acre property is within the Las Colinas Urban Center. It has been owned by a Chicago investor since 2014. Rents range from near $800 to $2,700 a month. The buyer was represented by Harbor Group International. […]
SAN ANTONIO – XPEL Inc. has signed a 115,825-sf industrial lease at PanAm West Industrial Park at 3215 N. PanAm Expy. The industrial complex is now 91 percent leased, with one 40,000-sf vacancy remaining. The Texas Real Estate Research Center has more on San Antonio’s industrial market: San Antonio industrial news Texas Quarterly Commercial Report Source: San Antonio […]
CEDAR PARK – Shops at Reagan’s Hope, a 29,000-sf retail center at 1320 Ronald Reagan Blvd., is under construction. The first phase will bring 22,500 sf of small-shop retail space. Weitzman is handling project leasing for the center. The project is a development of SSG. The Texas Real Estate Research Center has more local commercial […]
SOUTHSIDE PLACE – Lubbock-based Madera Residential has acquired the 270-unit Alexan Southside apartments at 4139 Bellaire Blvd. Built in 2017, the four-story property consists of 190 one-bedroom and 80 two-bedroom units averaging 752 and 1,241 sf, respectively. The building wraps around a five-story parking deck with 445 parking spaces. PCCP LLC provided a $30 million senior loan to the […]
HOUSTON – NewRez has signed a 60,188-sf lease at 17000 Katy Fwy., a 174,521-sf office building. Transwestern represented the owner, an affiliate of Insite Realty Partners LP, in the lease negotiations. Colliers International represented NewRez. With this transaction, the building is now 70 percent leased. Get more Houston-area office news on the Texas Real Estate Research Center’s website: Local […]
The question many homebuyers are facing this year is, “Why is it so hard to find a house?” We’re in the ultimate sellers’ market, which means real estate is ultra-competitive for buyers right now. The National Association of Realtors (NAR) notes homes are getting an average of 4.8 offers per sale, and that number keeps […]
AUSTIN – TruAmerica Multifamily has acquired Ellie Apartments, a 344-unit complex at 2900 Sunridge Dr. The property, formerly known as Mission Hills Apartments, has one- and two-bedroom units. Amenities include a clubhouse, fitness center, pool, and dog park. Newmark represented the seller, a partnership between Origin Investments and F&B Capital. The Texas Real Estate Research Center has […]
