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Archives: June 2021

Edinburg named best ‘under-the-radar’ city in Texas

​​​​AUSTIN – Orchard, a national real estate brokerage, has named Edinburg the number one “under-the-radar” city in Texas.  The border city received top m​arks 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. […]

Swedish developer Skanska plans office tower in Downtown Houston

​HOUSTON – Skanska, the Swedish developer of d​​owntown’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 […]

Into the Matrix: virtual real estate sets records

​​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, b​lockchain-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 […]

Astronomical: Galaxy II sold by JLL Capital Markets

​​​​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 […]

Lēva Living to build 16-acre community

​HUMBLE – Lēva Living has purchased 16 acres south of Harris County Park​ for the com​pany’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 median home price stays below national average

​​BEAUMONT – As national median home prices increase, southeast Texas has been left unphased, according to Texas Realtors.  Californians and Arizo​nans 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 […]

Centurion American to build new neighborhood at vacant property

​​​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 […]