HOUSTON – According to the Houston Association of Realtors’ (HAR) July 2021 Market Update, local home sales appear to be down from last year because of a surge in delayed transactions that closed last July. However, last month had one of the highest number of home sales of all time. Single-family home sales were down by 6.1 […]
GRAND PRAIRIE – California-based Shore to Shore Properties has purchased Riverside Place from MPH Partners. The three-story, 148-unit building is at 2800 N.E. Green Oaks Blvd. CBRE represented the seller. The Texas Real Estate Research Center has more multifamily news online for free: Texas Quarterly Apartment Report Dallas-area multifamily news Source: CBRE
In the current sellers’ market, many homeowners wonder what, if anything, needs to be remodeled before they list their house. That’s where a trusted real estate professional comes in. They can help you think through today’s market conditions and how they impact what you should – and shouldn’t – renovate before selling. Here are some […]
BROWNSVILLE – The historic El Jardin Hotel will be converted into an income-restricted housing project. Built in 1926-27, El Jardin is on .83 acres at 1114 E. Levee St. in downtown. It will undergo $18.5 million in renovations to provide rent-controlled housing for 44 low-income families. The majority of units will be on the second to eighth floors. Much of the […]
CARROLLTON – Premier Nutrition Products LLC has signed a 34,130-sf lease in Valwood 19 at 1220 Champion Cir. Whitebox Real Estate represented the tenant. Prologis represented the landlord. The Texas Real Estate Research Center has more on DFW’s industrial market: Texas Quarterly Commercial Report Dallas-Fort Worth-Arlington industrial news Source: Whitebox Real Estate
HOUSTON – Bethesda, Md.-based Host Hotels & Resorts Inc. has purchased the Hotel Alessandra for $65 million. The 223-room hotel is at 1070 Dallas St. in downtown. The property has been closed since Jan. 6, 2021, due to the effects of COVID-19 pandemic on the hospitality industry. JLL represented the seller, locally based Midway. Get more Houston-area hotel news on […]
CORPUS CHRISTI – New York-based Andover Properties has purchased Space Self Storage from Austin-based Divisidero Property LLC. The 300-unit Class B property totals 40,948 net rentable sf. Bellomy & Co. represented the seller and procured the buyer. The Texas Real Estate Research Center has more Corpus Christi news online for free: Corpus Christi real estate news Texas Quarterly Commercial Report […]
SAN ANTONIO – Spurs Sports & Entertainment is developing a $510.8 million campus on 50 acres at the northwest corner of I-10 and Loop 1604. The 500,000-sf Human Performance Campus will include a training facility for the San Antonio Spurs, biotechnology research institute, public park, and commercial and medical office space. USAA Real Estate owns the campus site. Bexar County […]
AUSTIN – Locally based Pearlstone Partners and New York-based ATCO Properties & Management will break ground this month on Vesper, a 41-story residential high-rise. The condominium tower will be on 0.41 acres at 84 East Ave. in the Rainey Street Historic District. Vesper will have 284 residential units averaging 975 sf. Ten unis will be reserved […]
There are many headlines about how housing affordability is declining. The headlines are correct: it’s less affordable to purchase a home today than it was a year ago. However, it’s important to give this trend context. Is it less expensive to buy a house today than it was in 2005? What about 1995? What happens […]
