DALLAS – Quiet 3PF has opened a 500,000-sf e-commerce distribution center at 10750 Denton Dr., north of Love Field and east of Stemmons Fwy. The fulfillment center will employ more than 400 workers who will process over 22 million orders a year. Quiet 3PF was acquired by Greenfield Partners LLC and Related Fund Management in […]
CEDAR CREEK – Redwood City, Calif.-based Ohana Real Estate Investors has purchased the 491-room Hyatt Regency Lost Pines Resort & Spa at 575 Hyatt Lost Pines Rd. The seller, an affiliate of Hyatt Hotels Corp., purchased the asset for $275 million. The 650-acre property has more than 36,000 sf of indoor meeting space and 276,000 sf of outdoor […]
COLLEGE STATION – Texas’ existing-home sales increased 2.5 percent month over month (MOM) to 29,000 transactions in May but remained more than 2,000 sales below peak levels reached at the start of the year. The average home stayed on the market for just one month, a record-low duration since the series started in 1997. “Mortgage rates are […]
Building financial wealth and stability remains one of the top reasons Americans choose to own a home, and as a homeowner, your wealth often grows without you even realizing it. In a recent paper published by the Urban Institute, Home Ownership is Affordable Housing, author Mike Loftin illustrates how homeowners increase their equity and their […]
HOUSTON – Just a few months after buying 1111 Fannin Street, Triten Real Estate Partner has sold it to Harris County. Triten purchased the 17-story, 428,629 sf office tower in downtown in December 2020, when it was fully leased to JPMorgan Chase. The financial giant will relocate to the JPMorgan Chase & Co. Tower. The property was valued at […]
RICHMOND – Houston-based Johnson Development has purchased 630 acres adjacent to its 1,300-acre Harvest Green master-planned community. The land is slated for 1,400 homes with sites range from 40 to 75 ft wide. New community amenities, including parks, trails, and a pool, will also be on the plot. Homesites at the new Harvest Green section will be available for sale starting fall 2022. […]
Summertime in Dallas is no joke! While we cannot change the temperature, we can at least try to enjoy it (or escape it) in the best ways possible. Here are six ways to beat the summer heat. Escape to the Lake East Dallas White Rock Lake is an outdoor oasis in the…
FORNEY – A partnership between Gault Co. and RTG Capital LLC has purchased the Forney Industrial Park, a 50-acre industrial project on US 80. The property includes 32 buildings totaling 311,000 sf. The new ownership is planning upgrades. Marcus & Millichap handled marketing. The Texas Real Estate Research Center has more on DFW’s industrial market: Texas Quarterly Commercial Report Dallas-Fort Worth-Arlington […]
DALLAS – Malibu Industrial LP, a company owned by Crow Holdings Industrial, has acquired the SpeedZone racetrack and entertainment center with plans for an industrial project. Located on 20 acres on Stemmons Fwy. near Royal Ln., the facility closed last year. The seller was a California-based company. The Texas Real Estate Research Center has more on DFW’s industrial market: Texas Quarterly […]
AUSTIN – Texas added 34,400 nonagricultural jobs in May, marking gains in 12 of the last 13 months, according to the Texas Workforce Commission. That’s a 0.3 percent monthly gain. Since May 2020, the Texas economy has added a total of 804,200 jobs. To return to pre-pandemic levels, the economy needs to add 409,000 positions. May’s seasonally adjusted unemployment rate was 6.5 […]
