CELINA – Centurion American Development Group will develop Legacy Hills, a 3,200-acre mixed-use project near Legacy Dr. and Celina Pkwy. Preliminary plans call for 7,000 single-family homes, 4,100 multifamily units, 100 acres of commercial development, a 27-acre sports park, golf course, and walking trails. The site includes two 12-acre parcels that will house future schools […]
HOUSTON – The Texas A&M University System, in partnership with Medistar Corp. and Healthcare Trust of America, has broken ground on Horizon Tower. The 30-story tower will have 17 stories of life sciences and medical space atop a 13-story, 2,700-space parking structure with 15,000 sf of ground-floor retail. It is within the five-acre Texas A&M Innovation Plaza near the Texas […]
DeSOTO – A partnership between Trez Capital and Thompson Realty Capital LLC has sold The Beacon on Westmoreland apartments. Built on 10.41 acres at the southeast corner of Westmoreland and W. Belt Line Roads, the property offers 194-units across seven three-story buildings. The unit mix consists of 124 one-bedroom, 58 two-bedroom, and 12 three-bedroom units. Floor plans range from 550 to […]
AUSTIN – Local office sales are showing signs of bouncing back, according to CommercialEdge research. So far this year, 42 office properties traded hands, already nearly 80 percent of the number of deals completed last year. In 2021, nearly $1 billion in transactions were completed in Austin, compared to $2 billion in 2019. The average asking […]
NEWPORT BEACH, Calif. – Three Texas cities have landed on Builder Magazine‘s list of the five best cities for construction workers in 2021. Dallas, Houston, and Austin were first, second, and fourth on the ranking, respectively. Dallas has a 4-to-1 worker-to-permit ratio and had more permits than any other major city in February. Construction has also returned to pre-pandemic […]
CYPRESS – Houston-based Venterra Realty will construct its first ground-up multifamily development on 12.78 acres near the intersection of Tuckerton and Fry Roads. The 336-unit project will offer units ranging from 607 to 1,606 sf. Monthly rents will be from $1,560 to $4,164. Amenities will include a 8,600-sf clubhouse, resort style pool, outdoor lounge, fitness center, yoga/spin room, business […]
It’s no secret that one of the top stories in today’s real estate market is low housing supply and high buyer demand. If you’re a first-time buyer looking for a starter home or are someone who’s interested in downsizing, it may be worth considering a condominium (condo) as a worthwhile option. In fact, trends indicate […]
DALLAS – Los Angeles-based Therabody has acquired a 100,000-sf warehouse in the Mountain Creek Business Park on I-20. Built in 2018, the property was sold by its developer, Courtland Group. The Texas Real Estate Research Center has more on DFW’s industrial market: Texas Quarterly Commercial Report Dallas-Fort Worth-Arlington industrial news Source: Dallas Morning News
HOUSTON – Locally based Bel Furniture has bought the former Star Furniture retail building at 7111 FM 1960. The 60,935-sf building is on 2.4 acres and includes a showroom. Baker Katz represented the seller, Power Squared Group. CBRE represented the buyer. Get more Houston-area news on the Texas Real Estate Research Center’s website: Texas Quarterly Commercial Report Houston-The Woodlands-Sugar Land retail news […]
DALLAS-FORT WORTH – The Bendetti Co. has purchased six industrial buildings totaling 300,000 sf from CanTex Capital. The purchase includes: 1209 Round Table, 4924 Woodall St., and 8517 Directors Row in Dallas; 4901 Beach St. in Fort Worth; 924 111th St. in Arlington; and 1609 109th St. in Grand Prairie. The buildings are 80 percent […]
