With forbearance plans about to come to an end, many are concerned the housing market will experience a wave of foreclosures like what happened after the housing bubble 15 years ago. Here are four reasons why that won’t happen. 1. There are fewer homeowners in trouble this time After the last housing crash, about 9.3 […]
COLLEGE STATION – Texas’ existing-home sales were almost flat in June increasing just 1.6 percent over May to 27,000 transactions. Experts say the sales trend is slowing amid constrained inventories. “Mortgage rates are still hovering around 3 percent, and ongoing demographic trends continue to support housing demand,” said Dr. Luis Torres, research economist for the Texas […]
DALLAS – American Landmark has acquired Olympus at Ross, a 368-unit apartment community near I-345 in the Bryan Place neighborhood. Built in 2015, the property has one- and two-bedroom units and amenities including a pool, outdoor grilling area, fitness studio, social lounge, cybercafé, and dog park. American Landmark will rebrand the property as Macallan at Ross. The […]
DALLAS – OHT Partners LLC has broken ground on the 403-unit Lenox Lake Highlands multifamily community at the northeast corner of Walnut Hill Ln. and Skillman St. It will have one-, two-, and three-bedroom units ranging from 600 to 1,640 sf. Amenities will include a 1,300-sf collaborative work studio, three pools, a dog run and dog-washing station, and 24-hour […]
HOUSTON – Florida-based CP Group has acquired the 28-story Five Post Oak Park office tower. The 567,000-sf tower is in the inner loop on the north side of San Felipe St. The new owner will modernize interior finishes and add amenities such as a top-tier restaurant, coffee bar, an outdoor patio, and concierge services. Current amenities include a conferencing […]
SAN ANTONIO – IRA Cos. has acquired the Gastroenterology Consultants of San Antonio’s ambulatory surgery center and three of its medical office buildings. The properties total 55,457 sf. All of the medical office buildings were fully leased to a single tenant at the time of sale. Transwestern represented the seller. The Texas Real Estate Research Center has more […]
GEORGETOWN – San Antonio-based Athena Domain Inc. is developing a 50-acre mixed-use project at the corner of I-35 and SH 130. Berry Creek Crossing will include up to 34 acres of high-density multifamily totaling 650 units and 17 acres of commercial space. Athena received unanimous approval from the city council on July 13 to rezone the […]
One of the hottest topics of conversation in today’s real estate market is the shortage of available homes. Simply put, there are many more potential buyers than there are homes for sale. As a seller, you’ve likely heard that low supply is good news for you. It means your house will get more attention, and […]
GRAND PRAIRIE – The city and Omniplan have created a preliminary masterplan for Gateway at Grand Prairie, a 124.5-acre mixed-use development near I-30 and Belt Line Rd. Plans include retail space, a hotel, apartments, and 2.5 million sf of office space. The Texas Real Estate Research Center has more information like this online: Dallas-area mixed-use news Local office news Texas […]
NEW YORK – Austin has ranked fifth on U.S. News & World Report‘s list of the best places to live in the nation. Ranking first in state, the Texas Capital had an overall score of 7.3. Its quality of life and value scores were 7 and 6.5, respectively. The report praised the city’s laid-back attitude, […]
