TOMBALL – Storage Star Tomball, a 597-unit self-storage facility at 11133 Spring Cypress Rd., has been sold. The 70,100-sf property was built in 1998 on 5.5 acres. It includes 26,215 sf of climate-controlled and 43,895 sf of non-climate-controlled space. Marcus and Millichap represented the seller in the sale to a California-based corporation. Get more Houston-area news on the Texas Real Estate […]
COLLEGE STATION – Texas’ initial jobless claims decreased for the third straight week to 30,700 the week ending Aug. 7. About 5.44 million unemployment claims have been filed since March 21, 2020, according to U.S. Department of Labor (DOL) data. Continuing unemployment claims decreased to 178,000 the week ending July 31. U.S. job openings reached 10.1 million in June, the highest level of openings since the […]
FORT WORTH – Woods Distribution Solutions has signed a 707,940-sf industrial lease at 11501 North Fwy. Lee & Associates represented the tenant. The landlord, TCRG Properties, was self-represented. The Texas Real Estate Research Center has more on DFW’s industrial market: Texas Quarterly Commercial Report Dallas-Fort Worth-Arlington industrial news Source: Lee & Associates
AUSTIN – Chatham Lodging Trust has acquired two Marriott-branded hotels near The Domain for $71.2 million, or around $265,000 per room. The properties include the 132-room Residence Inn Austin Domain that opened in July 2016 and the 137-room TownePlace Suites by Marriott that opened in June 2021. Island Hospitality Management will manage the hotels. Get more Austin hotel news on the […]
AUSTIN – San Antonio-based LYND Co. has purchased Legends at Lake Creek, a 250-unit apartment community in the Anderson Mill area. Built in 2001 at 10015 Lake Creek Pkwy., the property offers one-, two-, and three-bedroom units. Amenities include a pool, resident clubhouse, coffee bar, dog park, fitness center, and playground. Greystone provided a $41.2 billion bridge […]
CONROE – Houston-based Johnson Development Corp. has opened a 13-acre amenity complex within the Grand Central Park master-planned community. The Lake House is made up of a two-story building and outdoor recreation center. It includes a resort-style pool with fountains, tanning shelves, fitness center, rooms for meetings and events, coffee bar with a workstation, 5.5-acre recreational lake, firepit, 6,000-sf […]
Some Highlights In today’s sellers’ market, you’re set up to win big when you list your house. That’s because homes are selling fast, receiving 4.4 offers on average and often selling above the asking price. Then, when you buy your next home, you’ll also win by addressing your changing needs and taking advantage of near […]
TOMBALL – The Tomball Independent School District (ISD) has completed two projects for the 2021-22 school year. A $43.6 million junior high school and a $37.29 million stadium broke ground in May 2019 at the Elmer & Dorothy Beckendorf Education Complex at Cypress Rosehill Rd. and the Grand Pkwy. Grand Lakes Junior High School replaces Willow Wood Junior […]
KILLEEN – Century Oaks, a 178-unit apartment complex at 2305 Botanical Dr., has been sold. The community has one-, two-, and three-bedroom units averaging 695 sf. Amenities include onsite laundry facilities, picnic areas, and pet play areas. Century Oaks was built in the 1970s. The Multifamily Group represented the seller and procured the buyer. If you’re looking for more […]
COLLEGE STATION – Researchers at the Texas Real Estate Research Center see a more stable Texas housing market ahead, as soon as pandemic-induced home shortages dissipate. The Center’s 2021 Mid-Year Texas Housing & Economic Outlook has insights on the year ahead. Here are the takeaways. Supply chain bottlenecks continue The strong recovery has created supply chain bottlenecks […]
