After a very interesting year, DFW Restaurant Week is back for its 24th year, offering diners a month-long opportunity (Aug. 6 to Sept. 5) to try some of Dallas’ best menus. What’s even better is 20 percent from every meal sold benefits two local charities: North Texas Food Bank and…
Archives: August 2021
Stafford Oaks apartments trades hands
STAFFORD – Dallas-based Catalyst Equity Partners has purchased Stafford Oaks. The 178-unit community was built in 1978 at 3719 Country Place Dr. Catalyst will implement a $2 million capital improvement program to upgrade unit interiors and add amenities, including package lockers and a turf soccer field. The Texas Real Estate Research Center has more information like this online for free: Texas […]
Texas Tower office building gains law firm
HOUSTON – International law firm McGuireWoods has signed an 11-year lease in Texas Tower, a one million-sf office tower at 845 Texas Ave. McGuireWoods leased 33,000 sf on the 24th floor. Colliers represented the tenant. Cushman & Wakefield represented Hines and Ivanhoé Cambridge, the building’s developers and owners. Texas Tower will open by the end of this year. Get […]
Meep meep: UTSA opens Roadrunner Athletics Center of Excellence
SAN ANTONIO – The University of Texas at San Antonio (UTSA) has opened its $40.4 million Roadrunner Athletics Center of Excellence (RACE). The RACE facility spans more than ten acres near the southwest corner of the UTSA main campus. Upcoming phases will include a covered pavilion over the synthetic turf practice field as well as a […]
Korman Communities makes first Austin buy
AUSTIN – Korman Communities, in partnership with Verde Capital, has purchased AVE Austin. The 226-unit Class A multifamily property is between downtown and The Domain. The deal is Korman’s first purchase in Austin. The Texas Real Estate Research Center has more news like this online for free: Texas Quarterly Apartment Report Austin multifamily news Source: Connect Media
The Community and Economic Impacts of a Home Sale
If you’re thinking of buying or selling a house, chances are you’re focusing on the many extraordinary ways it’ll change your life. What you may not realize is that decision impacts people’s lives far beyond your own. Home purchases and sales are significant drivers of economic activity. They have a major impact on your community […]
LCR Commercial acquires Portland multifamily property
PORTLAND – Farmington Hills, Mich.-based LRC Commercial has acquired Westcliff-Royal Palms. The 132-unit multifamily property at 1404 Moore Ave. will be rebranded as LUX Off Moore. The Waller Group represented both the buyer and seller. Marcus & Millichap Capital Corp. arranged acquisition financing. If you’re looking for more news like this, head to the Center’s website. […]
609-unit self-storage facility changes hands
IRVING – CubeSmart Self Storage, a 609-unit self-storage facility, has been sold. The Class A property is managed by a third party and totals 66,698 sf. It was 97 percent occupied at time of closing. Bellomy & Co. represented buyer, a Southlake-based entity doing business as 3450 Willow Creek LLC, and procured the seller, Andover Properties. The Texas […]
L.A. investment firm acquires 42 Houston rental homes
HOUSTON – Los Angeles-based Pacific Oak Capital Advisors has acquired 42 area single-family homes for $6.45 million. Pacific Oak paid $153,000 per property on average. The new owner will convert the homes into rental properties and charge about $1,300 per month to rent each home. The majority of homes are in Baytown, Missouri City, Pasadena, and […]
AT&T’s 300K-sf Discovery District opens in Downtown Dallas
DALLAS – AT&T has opened Discovery District, a 300,000-sf mixed-use destination. Designed by Gensler, the 6.5-acre project includes multiple art installations and interactive features. The Beck Group was the general contractor. The Texas Real Estate Research Center has more information like this online: Dallas-area mixed-use news Local office news Texas Quarterly Commercial Report North Texas retail news Source: REBusiness Online