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Archives: August 2021

Texas apartment market in 'major turnaround'

​COLLEGE STATION – “A major turnaround in the Texas apartment market has lifted occupancy levels and rent growth past pre-pandemic levels,” said Dr. Luis Torres, research economist for the Texas Real Estate Research Center at Texas A&M University. Torres says the apartment outlook has changed from “catastrophic” when the pandemic began to “positive” today. He cites several reasons […]

Bell Partners picks up 339-unit apartment community

​SAN ANTONIO – Bell Partners has purchased Bell Lakeshore, a 339-unit apartment complex at 2515 Elmont Dr.  Built in 2018 as Lenox Boardwalk, the property has one- and two-bedroom units. Amenities include a pool, fitness center, and courtyards.  The Texas Real Estate Research Center has more news like this online for free: Texas Quarterly Apartment Report San […]

229-unit apartment complex trades hands near SA River Walk

​​​SAN ANTONIO – Ascentris has sold Southtown Flats, a 229-unit apartment community at 111 Probandt St. Built in 2016, the property has studio, one-, and two-bedroom units. Rent ranges from $1,206 to $2,691 per month. Amenities include a pool, fitness center, business center, cybercafe, game areas, and package lockers. Newmark brokered the sale and arranged […]

Digital insurance company signs long-term lease at The Stack Deep Ellum

​DALLAS – Bestow has signed an 11-year lease for 42,000 sf at The Stack Deep Ellum, a 16-story, mixed-use office building. The ​210,000-sf office ​is a joint venture between Westdale Real Estate Investment and Management, Ivanhoé Cambridge, and Hines. Amenities include electric vehicle charging stations, a tenth-floor amenity terrace, fitness center, coffee/cocktail lounge, bicycle storage, and […]

Knife manufacturer cuts into Leander with 400K-sf facility

​LEANDER – Chino, CA-based knife manufacturer Cangshan Cutlery is developing a 400,000-sf production and administrative facility at 204 Heritage Grove Rd. The facility will bring 300 jobs and create $150 million in annual revenue. The company will occupy the space in 2023.  The Texas Real Estate Research Center has more industrial news for Austin-Round Rock: Texas Quarterly Commercial […]