FORT WORTH – PHP Capital Partners, a new locally based commercial real estate firm, has made its first three property purchases. The properties, which were all purchased off-market, include: Randol Mill Service Center, a 96,124-sf light industrial property at 2400-2460 E. Randol Mill Rd. in Arlington; Northridge Business Center, 37,400-sf industrial property at 2002-2006 N. […]
McALLEN – New York-based DRA Advisors has purchased a 210,000-sf multitenant distribution center on 12 acres at 6800 S. International Pkwy. The building offers 60 percent cold storage and is on part of the Rio Grande Valley pathway for cross-border trading. Elegran Capital & Advisory represented both the buyer and the seller, Commodities Integrated Logistics. The […]
DALLAS – Hillwood Urban is building The Field Street Tower, a 38-story, 520,000-sf skyscraper. Located at the southeast corner of Field St. and Woodall Rodgers Fwy., the project would be the tallest built in downtown since the 1980s. A sky lobby will house the primary reception area along with amenities including a tenant lounge, coffee bar, […]
HOUSTON – San Antonio-based REEP Equity has purchased Residences 2727, a 171-unit apartment complex on 3.7 acres at 2727 Elmside Dr. The property has one- and two-bedroom units averaging 917 sf. Amenities include a pool, fitness center, pet park, and resident lounge. JLL arranged fixed-rate acquisition financing through NexBank. REEP will implement a value-add program that […]
One of the biggest questions in real estate today is, “When will sellers return to the housing market?” An ongoing shortage of home supply has created a hyper-competitive environment for hopeful buyers, leading to the ultimate sellers’ market. However, as the economy continues to improve and more people get vaccinated, more sellers may finally be […]
PFLUGERVILLE – Austin-based greenhosue distributor Exaco has broken ground on a 42,100-sf facility at One Thirty Business Park. The new location at 16001 Impact Way will include a distribution center and a 7,000-sf office and showroom. Once the building is teady, the company will lease its existing 28,000-sf location in North Austin. One Thirty Business Park, […]
AUSTIN – Texas will opt out of further federal unemployment compensation related to the COVID-19 pandemic, effective June 26, 2021. Gov. Greg Abbot has withdrawn the state from the $300 weekly unemployment supplement from the Federal Pandemic Unemployment Compensation program. Abbott also cut off the Pandemic Unemployment Assistance, which extended jobless aid to gig workers, self-employed people, and others […]
BEEVILLE – A local investment group has purchased Yonder Inn Beeville, a 79-room hotel on US 181 about 65 miles north of Corpus Christi in Bee County. Marcus & Millichap represented the seller and procured the buyer. Get more Texas hotel news on the Real Estate Center’s website. Source: REBusiness Online
DALLAS – The city council has approved PegasusAblon’s plan to build two high-rise residential buildings off the intersection of Cedar Springs Rd. and Throckmorton St. The two towers will include 400 residential units. The taller of the two will be 20 floors with retail on the lower levels facing a new plaza along Throckmorton. The plan will preserve […]
COLLEGE STATION – According to the U.S. Census, there were 2,498 actively engaged in the real estate business in Texas in 1900. As the 1970s began, more than 100,000 Texans held a real estate license. In 1971, American household budgets were influenced by: new U.S. homes selling for an average of $23,900; gasoline priced at […]
