Some Highlights In today’s whirlwind real estate market, houses are selling at astonishing speed – from sea to shining sea. Four years ago, the average house spent 39 days on the market. Two years ago, homes were on the market for about 24 days. Today, that number has dropped to just 17 short days. If […]
AUSTIN – Dallas-based Stillwater Capital and its international equity partner Sweid & Sweid America working on the second phase of its commercial and housing buildout in the city’s far south side. Phase two includes a new apartment complex, Double Creek II, which will be north of the project’s first phase, The Haywood multifamily community. Double Creek II will have 372 units […]
HOUSTON – Two tenants have signed leases totaling 273,347 sf at Interwood Distribution Center at 14710 and 14720 John F. Kennedy Blvd. Tailift Material Handling USA has signed a 37,502-sf partial lease in Building 1, a rear-load facility. GCP Paper USA Inc. is taking all of Building 2, a 235,845-sf cross-dock facility. The two leases bring the new Class […]
FORT WORTH – Interstate Crossing, a newly constructed, one million-sf distribution facility, has been sold to a publicly traded REIT. Located at 1851 NE Loop 820, the Class A facility has 40-ft clear heights, ample trailer and auto parking, and 195-ft truck courts. CBRE represented the seller, Hunt Southwest Real Estate Development LLC. The Texas Real Estate Research Center has […]
BRAZOS VALLEY – Alliance Consolidated Group of Cos. has acquired a 16,097-sf medical office portfolio in the Brazos Valley for $6 million. The portfolio includes a 12,958-sf asset at 1730 Birmingham Rd. in College Station and a 3,139-sf property at 539 Medical Pkwy. in Brenham. Texas ENT & Allergy is a tenant at both properties. […]
DALLAS – French Colony, a 94-unit apartment complex on 3.8 acres at 1239 Hartsdale Dr., has sold. The property was built in 1964 and has one- and two-bedroom units. Marcus & Millichap represented the seller, a locally based private investor, and procured the buyer. The Texas Real Estate Research Center has more multifamily news online for free: Texas Quarterly […]
There’s a lot of discussion about affordability as home prices continue to appreciate rapidly. Even though the most recent index on affordability from the National Association of Realtors (NAR) shows homes are more affordable today than the historical average, some still have concerns about whether or not it’s truly affordable to buy a home right […]
TERRELL – Windsor Rehabilitation & Health Care Center, a 108-bed skilled-nursing facility at 250 W. British Flying School Blvd., has sold. The 41,140-sf property was built on 5.2 acres in 1994. Senior Living Investment Brokerage arranged the sale. Looking for more Dallas-area senior living news? The Texas Real Estate Research Center’s got you covered. Source: REBusiness Online
HOUSTON – Sueba USA has started on San Estrella, a 318-unit multifamily project in the Energy Corridor. The community will be on nine acres at 13475 Rincon Dr. near the northwest corner of Eldridge Pkwy. and Westheimer Rd. It will have studio and one-, two-, and three-bedroom floor plans ranging from 480 to 2,087 sf. Preleasing starts in summer 2022, […]
PORTER – The Signorelli Co., has opened Valley Ranch Self Storage, a 750-unit facility within the Valley Ranch master-planned community. The three-story property totals 100,000 sf and offers climate-controlled space. Units range from five-by-five ft to ten-by-30 ft. Get more Houston-area news on the Texas Real Estate Research Center’s website: Texas Quarterly Commercial Report Houston-The Woodlands-Sugar Land retail news Source: REBusiness Online
