AUSTIN – Orchard, a national real estate brokerage, has named Edinburg the number one “under-the-radar” city in Texas. The border city received top marks due to its affordable housing with a median home price of $217,433, or $117 per sf. It also has a 3.25 public school rating. Two other border cities—Mission and Laredo—ranked second and third. […]
AUSTIN – Houston-based Patrinely Real Estate Fund II LP and USAA Real Estate have sold Aspen Lake Three. The four-story, 128,990-sf office building at 10355 Pecan Park Blvd. is fully leased to Q2 Holdings Inc. The Texas Real Estate Research Center has more office news for Austin-Round Rock: Texas Quarterly Commercial Report Austin-area office news Source: Austin […]
In today’s real estate market, low inventory and high demand are driving up home prices. As many as 54% of homes are getting offers over the listing price, based on the latest Realtors Confidence Index from the National Association of Realtors (NAR). Shawn Telford, Chief Appraiser at CoreLogic, elaborates: “The frequency of buyers being willing […]
HOUSTON – Skanska, the Swedish developer of downtown’s Bank of America Tower, is building a 28-story office tower at 1550 Lamar St. on the corner of Discovery Green, also downtown. The project is a three-block master plan featuring restaurants, retail, apartments, and greenspace in addition to the planned office tower. The mixed-use development will be anchored by Norton […]
CHICAGO – Decentraland Foundation, a leader in the blockchain-based real estate industry, has sold more than $900,000 in virtual land, a record for the platform. According to Realtor Mag, blockchain-based real estate has seen a surge in 2021, with U.S. investors purchasing 259 units of land in the Decentraland digital world. Transactions are based on the Ethereum […]
WEBSTER – Galaxy II, a Class A office in building in the NASA/Clear Lake submarket, has been sold. The five-story, 106,168-sf building is on 5.87 acres at 455 E. Medical Center Blvd. It is home to tenants including United Fire Group, IBI Group, and APNetwork. JLL Capital Markets represented the seller, Houston-MDL LLC. The buyer was TRC Capital Partners LLC. Get more […]
HUMBLE – Lēva Living has purchased 16 acres south of Harris County Park for the company’s first single-family, for-rent project. The 160-home development will be available in fall 2021. Amenities include a clubhouse, fitness center, green spaces, and walking trails. The Texas Real Estate Research Center has more information on housing: Houston-area housing news Texas Housing Insight Houston-area housing reports Home […]
BEAUMONT – As national median home prices increase, southeast Texas has been left unphased, according to Texas Realtors. Californians and Arizonans have been relocating to the Lone Star State in search of greater job opportunities and lower taxes, causing the median home price to reach an all-time high of $350,300. Jefferson County, however, has remained under […]
DALLAS – Centurion American Development Group is purchasing the former CompuCom Systems headquarters on Forest Ln. with plans to build high-density single-family homes, townhouses, and condominiums. The 20-acre business campus includes an eight-story tower and data-processing building surrounded by residential areas. The property has been tied up in a legal challenge, with the U.S. Justice Department […]
DALLAS – Guild Hotels and Woods Capital have gutted the 49th and 50th floors of Santander Tower and rebuilt them into 64 luxury hotel rooms. Called The Guild, accommodations range from studio rooms to one- and two-bedroom suites. Each room includes a small kitchen, large bathroom, and washer and dryer. Room rates average $179 a […]
