Skip to main content

Archives: May 2021

The Shores at Clear Lake changes hands

​HOUSTON – Chicago Pacific​​ Founders has purchased The Shores at Clear Lake, a 100-unit senior-living community. The 90,000-sf asset offers 66 ​assisted-living and 34 memory-care units across nearly eight acres. It opened in late 2018. JLL represented both the buyer and the seller, Meridian Realty Advisors. ​​ Looking for more Houston senior living news? The Texas Real Estate Research Center’s got […]

Work to start on San Marcos spec facility

​​SAN MARCOS – Austin-based Live Oak is constructing an $11 million speculative facility called Barnes 35.  Located on 14 acres at 320 Ba​rnes Rd., the project​ will offer nearly 135,000 sf across two Class A buildings.  Completion is set for the end of 2022.  The Texas Real Estate Research Center has more industrial news for Austin-Round Rock: Texas Quarterly Commercial Report […]

Humble land slated for single-family rental project

​​​HUMBLE – Houston-based Leva Living has acquired 16 acres for a single-family rental development. Construction on the 160 units will begin immediately. ​ The site is on the east side of W. Lake Houston Pkwy. bordered by Harris County Park to the north. Avison Young represented the sellers of the land, two local private individuals. Orr Commercial represented Leva. The Texas Real […]

Brennan picks up seven industrial buildings in Houston

​HOUSTON – Chicago-based Brennan Investment Group has acquired a seven-building industrial portfolio totalin​g 123,800 sf across the metro.  The tenant roster has a weighted average lease team of 4.68 years and includes users in the industrial equipment, industrial services, consumer goods, energy, and construction industries.  Get more Houston-area industrial news on the Texas Real Estate Research Center’s […]

150-acre beachfront RV resort slated for Crystal Beach

​​​​​CRYSTAL BEACH – Port Bolivar-based NewCoast Properties is developing a 150-acre beachfront RV resort on the Bolivar Peninsula. The Bolivar Beach Club & RV Resort will have more than 500 RV sites and a five-acre entertainment park with beachside concert venue. It will have ​​​access to 27 miles of beaches. Other amenities include a resort-style pool with […]

Dual-branded hotel coming to Pflugerville

​​​​PFLUGERVILLE – Work has started on a La Quinta/Hawthorn Suites dual-brand hotel at Stone Hill Town Center at 1408 Town Center Dr. The hotel will have a fit​ness center, bar, shared lobby, and ​great room Construction will finish in March 2022.  Get more Austin hotel news​​ on the Texas Real Estate Research Center’s website. ​Source: Community Impact Newspaper

99K-sf distribution center sold to Dalfen Industrial

​FORT WORTH – Dalfen Industrial has acquired West Tarrant Distribution Center, a fully occupied, 98,666-sf industrial property. Built in 2017, the property is at 140​3 S. Cherry Ln., next to the Lockheed Martin Aeronautics headquarters facility.  The Texas Real Estate Research Center has more on DFW’s industrial market: ​​Texas Quarterly Commercial Report ​Dallas-Fort Worth-Arlington industrial news​ ​Source: PRNewswire

EastSky acquires 1,429-unit Lewisville community

​​​LEWISVILLE – EastSky Properties has purchased Hebron 121 Station, a 1,429-unit apartment community, from Huffines Communities.  Built in phases starting in 2011, the 90-acre community is near the intersection of I-35 and SH 121. Amenities include four pools with swim-up bars, entertainment lounges, an onsite restaurant and convenience store, dog parks, outdoor kitchens, two fitness centers, […]