ROYSE CITY – Kinloch Partners LLC has purchased multiple lots with plans for a build-to-rent subdivision. The homes will range from 2,000 to 2,500 sf and be priced from $200,000 to $300,000. Rent will be under $2,000 per month. Kinloch will build 500 rental homes in the next 18 months. The Texas Real Estate Research Center has more information on […]
HOUSTON – Local developer Levcor will redevelop the 503,000-sf Post Oak Plaza shopping and dining district. Redevelopment plans include communal outdoor gathering spaces, widened pathways, more natural light in stores, and new landscaping features. BRB is designing the project, which will be carried out in phases throughout 2022. SHOP Cos. will handle leasing. Get more Houston-area […]
SANTA BARBARA – According to Yardi Matrix’s commercial real estate data, nine of 30 U.S. markets have experienced double-digit growth in year-over-year multifamily rent. Of Texas’ major metros, Austin had the highest apartment rent increase at 8.9 percent. Dallas and Houston’s apartment rents grew 7.3 and 4.7 percent, respectively. Non-leased apartment asking rent grew 6.3 percent […]
PFLUGERVILLE – Atlanta-based developer Seefried Industrial Partners has completed a 3.8 million-sf warehouse and distribution center. The five-story building has 63 loading docks, 372 trailer stalls, and 1,846 car parking stalls. CESO Inc. designed the property, with the Conlan Group and Jones/Carter serving as the general contractor and civil engineer, respectively. While the name of the occupier was not […]
Some Highlights The language of buying and selling a home may sound scary at first, but knowing how key terms relate to today’s market can help you. For example, current low mortgage rates and higher wages positively impact affordability for buyers, while home price appreciation continues to grow home equity, which sellers can use to […]
TEXARKANA – Cherokee Federal has signed two new lease agreements with TexAmericas Center. Cherokee Nation Red Wing, a defense contractor serving the Red River Army Depot, will lease a 19,228-sf light manufacturing space at 154 Service St. The company’s aerospace and defense department will lease 4,000 sf of office space at 342 Texas Ave. Get more Waco-area industrial […]
SAN ANTONIO – Dallas-based Encore Multifamily will develop Encore Lower Broadway, a 386-unit apartment project within the Pear District. The community will be on 4.2 acres at the corner of E. Grayson and N. Alamo Streets. It will have one- and two-bedroom floor plans averaging 836 sf. Amenities will include pool, rooftop deck, dog park, fitness center, clubhouse, kitchen, coffee bar, media […]
AUSTIN – Dallas-based Bulldog 135 South LP has purchased a CubeSmart self-storage facility from Walnut Creek-based PG Cactus Bulldog I LLC. The Class A property has 463 units totaling 57,707 sf. It opened in 2019 and is managed by CubeSmart Self Storage. Bellomy & Co. represented the seller and procured the buyer. The Texas Real Estate […]
IRVING – HUB International is consolidating its Dallas-area operations into 30,000 sf in the Beltline Office Center. Located 8222 N. Belt Line Rd., the office is being designed by Ted Moudis Associates and will open at the end of 2021. Cushman & Wakefield leases the Beltline Office Center, which is owned by UBS Real Estate. […]
SHERMAN – Preston Forrest Capital acquired a 518,700-sf distribution warehouse at 1400 W. FM 1417. The building is on 70 acres within the 3,300-acre Progress Park master-planned business park. It is fully occupied and serves as a regional distribution hub for CertainTeed Corporation. CBRE represented the seller, the State of Texas Permanent School Fund and General Land Office. […]
