HOUSTON – Locally based Midway, the developer behind CityCentre, is transforming a 150-acre Fifth Ward site into a $2.5 billion mixed-use shopping destination. The project, dubbed East River, will have over one million sf of construction, including apartments, medical centers, entertainment buildings, retail shops, restaurants, and offices. Work starts on the first 26-acre portion within […]
DALLAS – New-York based RockFarmer Properties has bought the 98Fifty and Apex rental communities on Whitehurst Dr. The purchases were made for the investor’s new opportunity fund and totaled 440 units. Upgrades and enhancements are planned for both properties. The Texas Real Estate Research Center has more multifamily news online for free: Texas Quarterly Apartment Report Dallas-area […]
Originally established as the city’s first factory and warehouse district in the 1920s, the West End District eventually became one of Dallas’ top tourist attractions during the 1980s and 1990s with the introduction of the Starck Club, Planet Hollywood, Cinema 10 and the West End Marketplace. Today, the historic neighborhood…
KAUFMAN COUNTY – Centurion American Development Group has purchased 1,132 acres for a residential project. Located south of I-20 near Kaufman Rd., the property is about 35 miles from downtown Dallas and consists of two large lakes. Hike-and-bike trails are planned along the lakes. Get more DFW-area news on the Texas Real Estate Research Center’s website: Dallas housing […]
AUSTIN – California-based Jay Paul Co. is moving forward with the Springdale Green office project after garnering final zoning approval. The project will consist of two six-story office buildings totaling 775,000 sf on 30 acres off Springdale Rd. near Airport Blvd. The site was once a tank farm where oil companies would store fuel and other chemicals. In exchange for […]
SAN ANTONIO – A joint venture between Montfort Capital Partners LLC and Blue Vista Capital has purchased a 694-unit self-storage facility at 12991 Potranco Rd. The property, which operates under the Life Storage brand, consists of 571 climate-controlled and 123 non-climate-controlled units ranging from 50 to 300 sf. Marcus & Millichap represented the seller and procured […]
COLLEGE STATION – The Texas A&M System Board of Regents has approve a new Aggie Ring office within the upcoming Aggie Park development. The 80,000-sf building will be called Grand Hall. It will house the Association of Former Students’ Ring Office and host Aggie Ring Days. The building will open by 2023. Construction officially begins on […]
Some Highlights When you rent, you build your landlord’s wealth, your monthly payment depends on ever-rising rents, and you don’t benefit from home price appreciation. On the other hand, when you own your home, you build your own wealth, your monthly payment is locked in, and you benefit directly from home price appreciation. If you’re […]
HOUSTON – Locally-based McNair Interests will break ground next month on Remy on the Trails, a 330-unit apartment community. It will have three four-story buildings offering one- and two-bedroom units. The plan includes on-site food and beverage retail, clubhouse, gym, courtyards, outdoor entertainment, dog-washing facilities, infinity pool, private offices, and conference rooms. The property will […]
DALLAS – Washington state-based Weidner Investment Services has purchased the Arpeggio apartments, a 377-unit rental community in the Victory Park development. Mill Creek Residential built the five-story apartment block on Victory Ave. in 2014. The rental community is 93 percent leased with rents averaging $1,450 a month. JLL handled marketing. The Texas Real Estate Research Center […]
