THE WOODLANDS – Entergy has expanded their office lease at Hughes Landing by 53,604 sf. The company now occupies 107,614 sf in the Lake Front North campus. Colliers International represented the landlord, The Howard Hughes Corp. Cushman and Wakefield represented the tenant. Get more Houston-area office news on the Texas Real Estate Research Center’s website: Local office news Texas Quarterly […]
AUSTIN – Falconhead Apartments, a 248-unit multifamily property at 3400 Ranch Rd. 620 S., has been sold. Berkadia Austin represented the seller, SWBC Real Estate, and procured the buyer, Domain Communities. Berkadia also arranged $43 million in acquisition financing through MetLife Investment Management. The Texas Real Estate Research Center has more news like this online for free: Texas Quarterly Apartment Report Austin […]
BEXAR COUNTY – Valcor Commercial Real Estate is developing Lemon Creek Ranch, a 118-acre master-planned community between Boerne and San Antonio. Phase one will include: a 106,000-sf grocery store, which will be the anchor tenant; 10,000-sf, two-story retail and restaurant building; 6,500-sf restaurant; three-story, 83,521-sf office, retail, and restaurant building; and 15,961-sf retail building. Those buildings […]
PLANO – Trintech has signed a 70,000-sf office lease for its new headquarters space at Granite Park Seven. The asset at SH 121 and the Dallas North Tollway is owned by Union Investment. Stream Realty Partners represented the tenant. The Texas Real Estate Research Center has more on DFW real estate news: Local office news Texas Quarterly Commercial […]
DeSOTO – Thompson Realty Capital and Trez Capital have sold The Beacon on Westmoreland, a 194-unit apartment community. The Class A property is on 10.4 acres at 120 S. Westmoreland Rd. It consists of 124 one-bedroom, 58 two-bedroom, and 12 three-bedroom units that range from 550 to 1,180 sf. Amenities include a pool, fitness center, dog park, […]
One of the major questions real estate experts are asking today is whether prospective homebuyers still believe purchasing a home makes sense. Some claim rapidly rising home prices are impacting demand and, by extension, leading to the recent slowdown in sales activity. However, demand isn’t the real issue. Instead, it’s the lack of supply (homes […]
HOUSTON – The Tanglewood Corp. is constructing a $300 million, 33-story condominium tower in the Tanglewood neighborhood. Most units will range from 2,500 to 10,000 sf, with the majority being more than 5,000 sf. Prices will be upward of $3 million. Amenities will include a skyline pool deck, landscaped gardens, smart-home technology, and exercise, social, and business facilities. The project will […]
MISSOURI CITY – Locally-based KM Realty Investment Trust Inc. is redeveloping the 67,000-sf Township Square retail center. The project will include upgrades to the building façade and landscaping. Houston-based Identity Architects designed the redevelopment. Work starts in late fall and will wrap up in first quarter 2022. Get more Houston-area news on the Texas Real Estate Research Center’s website: Texas […]
FRISCO – Crow Holdings Industrial has purchased 100 acres in the $10 billion Fields development for an industrial park. The site is on Preston Rd. south of PGA Pkwy. on the far east side of the 2,500-acre community. The sellers, Hunt Realty and Karahan Cos., will invest in development of the industrial buildings. The Texas Real Estate Research Center has more […]
KILLEEN – The Remington, a 200-unit garden-style multifamily property, has been sold. The property has one- and two-bedroom units. Amenities include a pool, dog park, outdoor grilling stations, business center, fitness center, and onsite laundry facilities. JLL represented the seller, California-based NALS Apartment Homes, and originated Fannie Mae acquisition financing on behalf of the buyer. If you’re […]
