FRISCO – The Kilby apartments in Frisco Square has been sold to Chicago-based Equity Residential. Toll Brothers and Daiwa House Group built the community at 8455 Grace St., just east of the Dallas North Tollway. The 258-room, four-story property opened in 2021. The Texas Real Estate Research Center has more multifamily news online for free: […]
Archives: August 2021
M2G Ventures picks up 142K-sf Arlington industrial building
ARLINGTON – M2G Ventures has acquired a 141,658-sf industrial building on 8.6 acres at 3500 Ave. East. The property has 18-ft clear heights, 148-ft truck court depths, and 4,000 sf of office space. M2G Ventures will implement a value-add program that will deliver storefront upgrades, roof repairs, enhanced power, lighting, landscaping and paving, and exterior updates. The […]
95K-sf Houston flex building sold
HOUSTON – A 95,000-sf industrial flex building occupied by Alorica has been sold. Friedman Real Estate brokered the sale. Get more Houston-area industrial news on the Texas Real Estate Research Center’s website: Texas Quarterly Commercial Report Houston-area industrial news Source: REBusiness Online
Seguin self-storage under new ownership
SEGUIN – K2 Storage, a 321-unit self-storage facility, has been sold to New York-based AGAP Seguin Lettau LLC. The Class B property at 122 Lettau Ave. totals 53,650 net rentable sf. Bellomy & Co. represented the seller, Bandera-based KTCK2 Management LLC, and procured the buyer. Get more San Antonio-area retail news on the Texas Real Estate Research Center’s website: San Antonio-area […]
Blackstone purchases 1,700 apartments in Legacy Town Center
PLANO – A unit of Blackstone Group purchased the Legacy North apartments in the Legacy Town Center mixed-use development. The sale included 1,700 units in 17 buildings built between 2007 and 2012. The apartments are almost fully leased with rents averaging $1,325 a month. Invesco Real Estate owned the apartments since 2014. Walker & […]
Wet Sounds dives into Rosenberg
ROSENBERG – Wet Sounds has opened a 118,386-sf warehouse, fabrication and office facility. Designed and built by Houston-based KDW, the building is on 27 acres at 2975 Louise St. The site, near Airport Ave., has been master-planned to accommodate 275,000 sf of future development. Get more Houston-area industrial news on the Texas Real Estate Research Center’s website: Texas Quarterly Commercial […]
VISIT PLANO!
PLANO. IT’S ALL HERE. Home to several Fortune 1000 corporations, global companies and over 10,000 businesses, Plano is much more than a suburban community. Plano is the ideal place to raise a family. Excellent schools and affordable housing have lured many employees and their families to Plano. As a result, Plano offers an abundance of […]
The Difference in Net Worth Between Homeowners and Renters Is Widening
Becoming financially secure is an important goal for many people today, but some don’t realize just how much homeownership can help them achieve that dream. A recent report, The Journey Toward Financial Freedom, surveys Americans about their perspective on financial wellness and their goals. It shows there may be a significant misconception about the role […]
Celeste at La Cantera under new ownership
SAN ANTONIO – Churchill Forge Properties has purchased Celeste at La Cantera from developers USAA Real Estate and Cambridge Development Group. The 300-unit apartment community was built in 2018 at 6107 Via La Cantera. The property has one-, two-, and three-bedroom units. Amenities include a rooftop pool, fitness center, and sky lounge. Institutional Property Advisors represented the sellers and […]
Forest Hill industrial building sold
FOREST HILL – Forest Hill Multi-Tenant, a 74,000-sf industrial property, has been sold. The property was built in 1985 on 6.37 acres at 5703 Crawford Ln. Marcus & Millichap represented both the buyer and seller. The Texas Real Estate Research Center has more on DFW’s industrial market: Texas Quarterly Commercial Report Dallas-Fort Worth-Arlington industrial news Source: Marcus & Millichap