HOUSTON – As the majority of large companies report plans to make cutbacks, CBRE expects the office sector to return to pre-pandemic levels by 2025. Nationally, the number of companies planning to significantly reduce their office footprint decreased from 39 percent to 9 percent. Those who plan to make modest reductions, however, rose from 45 percent to 72 percent. […]
SAN ANTONIO – A partnership between Chicago-based Pearlmark and Austin-based Old Three Hundred Capital LLC has purchased two adjacent multifamily properties totaling 560 units. Park West at 11845 West Ave. has studio and one- and two-bedroom units and amenities such as a pool, fitness center, volleyball court, playground, and dog park. Parliament Bend at 11838 Parliament St. offers one- and two-bedroom […]
FRISCO – An office campus is underway near the northwest corner of the Dallas North Tollway and SH 121. Called the Enclave, the 11-acre project will have at least six one- and two-story buildings totaling 120,000 sf along a wooded creek that runs along the north side of the site. Amenities include pedestrian bridges, seating and game courts, and […]
BASTROP – The city council unanimously approved a development agreement and concept plan for Bastrop 552, a 546-acre private entertainment hub and film studio. The project will have 286 acres of film studio facilities and 40 acres of lodging and associated amenities. The final 220 acres will have restaurants, event space, golf course, a working dude ranch, campground, […]
HORSESHOE BAY – Horseshoe Bay Resort is getting a new luxury condominium project called Waters Lakeside. The three-building project will have 60 condominiums with three-bedroom floor plans. The first building will deliver in spring 2022 with the others following that summer. Horseshoe Bay Resort recently underwent a $100 million-plus renovation. Get more Texas hotel news on the Real […]
The pandemic created a tremendous interest in vacation homes across the country. Throughout the last year, many people purchased second homes as a safe getaway from the challenges of the health crisis. With many professionals working from home and many students taking classes remotely, it made sense to see a migration away from cities and […]
DALLAS – An investment fund created by Crescent Real Estate has purchased the Ritz-Carlton. The five-story, 218-room hotel on McKinney Ave. in Uptown opened in 2007. The buyer paid $700 million to acquire the landmark Crescent complex across the street in March. The Texas Real Estate Research Center has more on DFW’s retail market: Texas Quarterly Commercial Report Local hotel […]
HOUSTON – Caldwell Cos. has sold its Asher Oaks apartment community. Asher Oaks, renamed Savannah Oaks, is an 18-acre, 330-unit community at 21000 Gosling Rd. It includes an amenity center, jogging trails, and a two-acre lake. The property was valued at $38.5 million. The Texas Real Estate Research Center has more information like this online for free: […]
CORPUS CHRISTI – The housing market has been heating up for the past few months and is only getting hotter. According to the Corpus Christi Association of Realtors, local housing prices have risen 11 percent from 2015 to 2019 and an additional 20 percent from 2019 to 2021. New construction has become increasingly expensive, with less than 10 […]
As the summer season heats up, drinks get colder, fruit get sweeter and the pool looks more enticing than ever! Whether you’re looking for seasonal sips, July events, or ways to be a great local tour guide for visiting friends and family, we have you covered. To keep cool…
