ROSENBERG – Frito-Lay is expanding its Fort Bend manufacturing plant with a $200 million addition. The plant, the largest snack manufacturing plant in Texas, currently produces more than 117 million pounds of snacks annually. More than 750 full-time employees work there. The expansion will create 160 jobs. Get more Houston-area industrial news on the Texas Real Estate […]
During the Great Recession, just over a decade ago, the financial systems the world depended on started to collapse. It created a panic that drove some large companies out of business (ex. Lehman Brothers) and many more into bankruptcy. The financial crisis that accompanied the current pandemic caused hardship to certain industries and hurt many […]
PORT NECHES, GROVES – Cadence McShane Construction Company is building two new schools for the Port Neches-Groves Independent School District. Work started on Port Neches Intermediate School and Groves Intermediate School in April. The identical schools will each measure 106,000 sf across two stories and house 750 students in grades three through five. They will have media libraries, cafeterias with […]
SAN ANTONIO – Cold Creek Solutions is building a 305,000-sf cold storage facility at the intersection of I-10 and Loop 410. ARCO National Construction is designing the project, which will have space for approximately 45,000 pallets of frozen or refrigerated product. Construction begins this fall with opening set for late 2022. The Texas Real Estate Research Center has more on […]
HOUSTON – Grubbs Automotive is developing a Volvo automotive dealership on 2.45 acres on Washington Ave. The site, owned by Levor, includes a 19,250-sf warehouse and 12,595-sf showroom. The property was developed in 2008. It was previously occupied by Western Brick & Stone. Transwestern Real Estate Services and Henry S. Miller represented Grubbs in lease negotiations. The ground lease term is […]
CEDAR PARK – Old Three Hundred Capital has purchased Muir Lake Apartments, a 322-unit apartment community on 46.1 acres at 12600 Avery Ranch Blvd. Built in 2014, the asset has one- and two-bedroom floor plans. It is 96 percent leased. The apartments are along a 30-acre water feature called Muir Lake. Residents have canoeing, kayaking, and boating access. Other […]
HALTOM CITY – Diamond Loch, a 138-unit apartment property on 6.6 acres at 6100 Glenview Dr., has been sold. Marcus & Millichap represented the buyer and seller, both limited liability companies. The Texas Real Estate Research Center has more multifamily news online for free: Texas Quarterly Apartment Report Dallas-area multifamily news Source: Marcus & Millichap
Home price appreciation continues to accelerate. Today, prices are driven by the simple concept of supply and demand. Pricing of any item is determined by how many items are available compared to how many people want to buy that item. As a result, the strong year-over-year home price appreciation is simple to explain. The demand […]
DALLAS-FORT WORTH – Fort Capital acquired five Class B industrial properties totaling 618,089 sf. The properties include: 1170 109th St. in Grand Prairie totaling 93,079 sf, 1901 Windsor Pl. in Fort Worth totaling 148,354 sf; 10920 Indian Trl. in Dallas totaling 144,396 sf; 1115 Sturgeon Ct. in Arlington totaling 170,390 sf; and 2045 W. Walnut Hill […]
DALLAS – Woodside Bridle Path Apartments, a 311-unit complex at 13660 C F Hawn Fwy., has been sold to a local investment group. Built in 1982, the community was 87 percent occupied at the time of sale. The new owners are implementing a large value-add program and rebranding the asset. Wellington Realty brokered the sale. The […]
