AUSTIN – Stratus Properties Inc. is developing Annie B, a 300-unit luxury apartment tower at 416 W. 12th St. The 420,000-sf project will include ground-floor retail space. Construction begins in 2023 and will be completed in mid-2025. SCB Inc. is the architect. The Texas Real Estate Research Center has more news like this online for free: Texas Quarterly Apartment Report Austin […]
WILLIS – Houston-based Fidelis has broken ground on The Market at Willis Shopping Center. Phase one will include over 200,000 sf of retail and restaurant space anchored by a 110,000-sf H-E-B grocery store. Other tenants include Crust Pizza, Mod Pizza, Akashia Asian Bistro & Sushi Bar, Texas Hair Team, Great Clips, and Community Dental Partners. Completion of the initial […]
One of the major story lines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices, home prices are skyrocketing this year. Here are the latest percentages showing the year-over-year increase in home price appreciation: The House […]
HOUSTON – Locally based Houston Mini Storage LLC has purchased Houston Mini Storage. The Class B property has 256 units totaling 34,660 net rentable sf. Bellomy & Co. represented the buyer, Salt Lake City-based TPH SPE LLC, and procured the seller. Get more Houston-area news on the Texas Real Estate Research Center’s website: Texas Quarterly Commercial Report Houston-The […]
EL PASO – Furman Malooly Development is developing Desert Commons, a 225-unit apartment complex at 2801 N. Zaragoza Rd. The property will have one- to three-bedroom units. Rents will range from $800 to $1,600 per month. Amenities will include a pool, pocket park, clubhouse, fitness center, co-working lounge, and game lounge. Construction begins this month […]
DALLAS – Buchanan Street Partners has snapped up the 4600 Ross rental community at Ross and Annex Avenues. The four-story project totals 300 apartments. Built on the former site of the Credit Union of Texas, the apartments were developed by Cypress Real Estate Advisors. The Texas Real Estate Research Center has more multifamily news online for […]
GEORGETOWN – Stonelake Capital Partners is developing Georgetown Logistics Park, a 625,000-sf industrial center at the southwest corner of I-35 and SH 130 along Aviation Dr. Construction begins in first quarter 2022. The first 432,360-sf space will open in third quarter 2022. The project will be completed the following quarter. The Texas Real Estate Research Center has more industrial news for […]
SAN ANTONIO – Sundt Construction Inc. has topped off Port San Antonio’s innovation center at general Hudnell Dr. and 36th St. The $60 million project will be complete by spring 2022. The Texas Real Estate Research Center has more on San Antonio’s industrial market: San Antonio industrial news Texas Quarterly Commercial Report Source: San Antonio Business Journal
ROUND ROCK – NRP Group has broken ground on The James on Grand, a 274-unit affordable apartment community at 15701 FM 1325. The property will have one- to three-bedroom units reserved for those making less than 60 percent of the area median income. Amenities will include a pool, fitness center, community and business center, playground, and wrap-around […]
Even though experts agree there’s no chance of a large-scale foreclosure crisis, there are a number of homeowners who may be coming face-to-face with foreclosure as a possibility. And while the overall percentage of homeowners at risk is decreasing with time (see graph below), that’s little comfort to those individuals who are facing challenges today.If […]
