FORNEY – Ashton Woods has purchased 344 acres in the Gateway Parks community near US 80 for a residential development. The purchase included land for 1,030 single-family homes plus 88 completed home sites. Vanguard Real Estate Advisors brokered the sale. Gateway Parks is part of a 2,000-acre mixed-use development being built by a unit of Petro-Hunt. Get […]
PEARLAND – Massey Oaks Development LP is working on 372 single-family lots for the first phase of Massey Oaks. The master-planned community will be on 356 acres at the intersection of Harkey and McKeever Roads. The detached homes will start in the high $300,000s and are zoned for the Alvin Independent School District. The homebuilders are Meritage Homes and […]
KILLEEN – Summerlyn Apartments, a 200-unit multifamily property at 4104 E. Rancier Ave., has been sold. The property has both one- and two-bedroom units. Amenities include outdoor picnic areas, a pool, a fitness center, and basketball and volleyball courts. Greysteel represented both the seller and buyer. If you’re looking for more news like this, head to the Center’s website. […]
AUSTIN – McCarthy Building Companies Inc. has begun construction on a 365,000-sf Texas Children’s Hospital for women and children across Central Texas. The 52-bed, free-standing hospital will provide neonatal and pediatric intensive care, operating rooms, epilepsy monitoring, sleep center, emergency center, a fetal center for surgery and advanced interventions, postpartum care, diagnostic imaging, acute care, and an on-site Texas Children’s Urgent […]
MONTGOMERY – Houston-based Gordon Partners has completed an expansion of Waterpoint Center on Lake Conroe, a 140,000-sf mixed-use development. The expansion included 35,000 sf of waterfront office, retail, and restaurant space. Gordon will break ground soon on an additional 10,000 sf of office and medical space. Delivery is set for first quarter 2022. The Texas Real Estate Research Center has more information like this […]
AUSTIN – New York City-based Tishman Speyer has purchased Building II at The Foundry, a 240,000-sf office complex. The two-building project was 96 percent leased at the time of sale. It offers amenities such as multiple fitness centers, bike storage spaces, and outdoor terraces. Earlier this year, Tishman Speyer purchased Foundry I, which opened in 2019. The company […]
If you’re a prospective buyer or seller, it’s important to understand the current real estate market conditions and how they affect you. The Counselors of Real Estate (CRE) just released its Top Ten Issues Affecting Real Estate report. Here are three hot topics from the list and how they impact today’s housing market. Technology Acceleration and […]
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 […]
COLLEGE STATION – Even without extra federal unemployment assistance, initial jobless claims continue to increase as the labor market gradually recovers. Initial claims in Texas increased to 43,500 the week ending July 17. About 5.34 million unemployment claims have been filed since March 21, 2020, according to U.S. Department of Labor (DOL) data. Continuing unemployment claims increased to 185,000 the week ending July 10. “Transitions from unemployment to employment have likely been […]
ALEDO – Satterfield & Pontikes is nearing completion of Annetta Elementary School, a $36.5 million project that will support 800 students. Located at 2396 W. FM 5, the 107,391-sf project features grade-level pods with collaborative learning spaces and an open library that overlooks a learning hub. PBK was the architect, and Dunaway was the structural engineer. Opening […]
