McKINNEY – The McKinney Corporate Center I building on Weiskopf Ave. has sold to Orangestar Property Advisors. Built in 2013, the 120,000-sf building is leased to tenants including Cotiviti Healthcare. The seller was VanTrust Real Estate. Veritex Community Bank financed the acquisition with a $19.2 million loan. The Texas Real Estate Research Center has more on DFW real estate news: […]
KATY – Illinois-based Medline Industries Inc. is opening a 1.3 million-sf distribution center. The facility, located at 29895 U.S. 90 near Brookline Rd., will bring 100 jobs to the area. The LEED-certified facility has 37-ft clear height, five drive-in bays, and 204 exterior dock doors. The location will be Medline’s fourth in Texas; the others are in Dallas, Laredo, and Wilmer. Get more […]
FORT WORTH – A three-story, 43,729-sf office building at 200 Bailey Ave. has been sold. More than a third of the building is vacant. Lead tenant Hahnfeld Hoffer & Stanford Architects will stay in the building. Transwestern Real Estate Services brokered the sale. The Texas Real Estate Research Center has more on DFW real estate news: Local office […]
HOUSTON – PuttShack will open a 26,000-sf venue at The Shops in Houston Center in late 2022. The venue will combine tech-infused minigolf with a new onsite restaurant. The property is owned by Brookfield Properties in partnership with Spear Street Capital. Get more Houston-area news on the Texas Real Estate Research Center’s website: Texas Quarterly Commercial […]
AUSTIN – Houston-based general contractor Arch-Con Corp. is constructing a 17-story Fairfield Inn & Suites in the Rainey Street District near downtown. The 152,000-sf hotel will be at 76 East Ave. There will be a six-level, 57,930-sf concrete parking garage. The 126-room Fairfield Inn & Suites is being developed by RGB Hospitality and designed by MCS Architects. Get more Austin hotel […]
Some Highlights If you’re thinking of buying a home but wondering if waiting a few years will save you in the long run, think again. The longer the wait, the more you’ll pay, especially when mortgage rates and home prices rise. Even the slightest change in the mortgage rate can have a big impact on […]
ADDISON – White Oak Partners has acquired the Elan Addison Grove apartments on Belt Line Rd. Built in 2018, the 321-unit rental community is just west of Midway Rd. Greystar Real Estate represented the seller. The Texas Real Estate Research Center has more multifamily news online for free: Texas Quarterly Apartment Report Dallas-area multifamily news Source: […]
HOUSTON – Texas Children’s Hospital is working on a $201 million expansion project at the Texas Children’s Pavilion for Women in the Texas Medical Center. The former Baylor Clinic building will be renamed Main Tower and connect to the Pavilion for Women with a new skybridge. It will also add 190,000 sf to the obstetrics and gynecology facility. The […]
ALLEN – Adolfson & Peterson Construction and the city have broken ground on the Stephen G. Terrell Recreation Center. The two-story, 150,000-sf facility at 1680 W. Exchange Pkwy. will include two gyms, an indoor jogging track, weight room, group fitness areas, children’s play areas, and catering kitchen. Opening is set for early 2023. BRS is the architect of record. The […]
SAN ANTONIO – Eight acres of vacant land will be home to a mixed-use project. Essex Modern City LLC will develop 80,000 sf of retail space, 80,000 sf of office space, and 800 residential units. There will also be parking and an open park. Kennedy Funding secured a $3.46 million land loan for the seven parcels. The […]
