AUSTIN – Virginia-based ILM Capital LLC has sold Rio West, a 384-bed student housing community near the University of Texas at Austin. The property offers a private parking garage, onsite management and maintenance services, coffee bar, private study lounges, a resort-style pool with an outdoor patio and grilling stations, and 24/7 fitness center. Newmark represented the […]
You may have been told that it’s important to get pre-approved at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s market, with rising home prices and high buyer competition, it’s crucial to have a clear understanding of your budget so you stand […]
IRVING – Meritex Investments has purchased the three-building DFW East Logistics Center from Hines. Built in 2016, the park is at 4201 Polaris Dr. near SH 161 on the east side of the airport. The Texas Real Estate Research Center has more on DFW’s industrial market: Texas Quarterly Commercial Report Dallas-Fort Worth-Arlington industrial news Source: Dallas Morning News
HOCKLEY – Land Tejas is developing Cypress Green, a 646-acre, 2,300-home community between SH 290 and SH 249, northwest of the Grand Parkway. Homesites will range from 40- to 55-ft-wide. Land Tejas purchased the property from McAlister Opportunity Funds. The company has two other Houston-area communities: Sunterra in Katy and Marvida in Cypress. The Texas Real Estate Research Center has more information […]
CHICAGO – National housing affordability declined in April 2021 compared with a year ago, according to the National Association of Realtors’ Housing Affordability Index. Since April 2020, the median family income declined by 1 percent while the monthly mortgage payment increased by 16.1 percent. The median existing-home sales price rose by 20 percent from June 2020. Housing affordability […]
NORFOLK, Va. – Austin, Houston, and Dallas ranked in the top 20 on Homes.com’s list of U.S. cities with the most newer homes on the market in 2021. Austin ranked fourth with 34.6 percent of homes on the market built in 2000 or later. Houston ranked eighth with 29.3 percent, and Dallas was 17th with 23.5 percent. New Orleans ranked first with 40.8 percent, […]
FARMERS BRANCH – Blue Ocean Capital LLC has acquired Villa Creek, a 162-unit multifamily community, from Darcorp. In 2018, two buildings were damaged by weather so 15 units were fully upgraded. The asset is at 2835 Villa Creek Dr. near the northwest corner of Josey Ln. and Loop 635. CBRE represented the seller and arranged financing on behalf […]
AUSTIN – Austin Commercial has completed Q2 Stadium, the new, 20,500-seat soccer stadium for Austin FC, the city’s new Major League Soccer team. The team played its first game this past weekend at the 465,000-sf venue, which is on 24 acres at 10414 McKalla Pl. Designed by Gensler and owned by Precourt Sports Ventures, the stadium […]
SHERMAN – 23Hundred Apartments, a 216-unit multifamily property at 2300 W. Taylor St., has been sold. Built in 1986, the 22-building community includes amenities such as a resident lounge, resort-style pool, courtyards, Internet lounge, clubhouse, business center, and pet park. Colliers Mortgage originated an acquisition loan through a partnership with Old Capital Lending on behalf of […]
When it comes to buying a house, you’re looking for the perfect place to call home. The problem is, in today’s market there just aren’t that many homes available to purchase. With inventory hovering near record lows and sky-high buyer demand, a multi-offer scenario is the new normal. Here are five things to keep in […]
