GRAPEVINE – California-based PS Business Parks Inc. purchased the 717,000-sf Port America industrial campus for $123 million. Located near SH 114, the 15-building property is 96 percent occupied. The buildings were built between 1981 and 2002 and were previously owned by Stockbridge Capital. The Texas Real Estate Research Center has more on DFW’s industrial market: Texas Quarterly Commercial […]
SAN ANTONIO – Area Real Estate LLC is transforming the former dairy plant at 875 E. Ashby Pl. into a mixed-use project called The Creamery. The development will include 10,000 sf of retail space, 40,000 sf of office space, and a 338-unit apartment complex called Tin Top. Construction will be complete by summer 2022. The Texas Real […]
ADDISON – Houston-based Netsync is taking 53,000 sf of office space in the Addison II building at 4550 Excel Pkwy. Interprise Design is the architect for the new workspace, which will open early next year. Built in 1996, the 182,154-sf building is owned by Pillar Commercial and houses tenants including Arbonne International, Assurant, and CTL Amedica. […]
AUSTIN – 11E5 LLC and Endeavor Real Estate Group are transforming the Fair Market event venue at 1108 E. Fifth St. into a six-story office building. The project will include ground-floor retail and five levels of underground parking. The Texas Real Estate Research Center has more office news for Austin-Round Rock: Texas Quarterly Commercial Report Austin-area office […]
HOUSTON – Boston-based Cabot Properties has acquired 13 acres for a speculative industrial project. Axis Northwest Distribution Center will include a 201,240-sf front-load distribution building at the southeast corner of Fallbrook Dr. and Windfern Rd. Stream Realty Partners will provide leasing, property management, and development management services. Get more Houston-area industrial news on the Texas Real Estate Research Center’s website: Texas […]
SPRING BRANCH – Ilan Investments has acquired Vantage at Bulverde, a 288-unit apartment at 395 Harmony Hills St. Built in 2019, the property has one- to three-bedroom units. Rents range from $1,034 to $1,768 per month. Amenities include a pool with grilling areas, media lounge, clubhouse, and fitness center. IPA represented the seller, Vantage Communities, and procured the […]
If you’re trying to decide when to sell your house, there may not be a better time to list than right now. The ultimate sellers’ market we’re in today won’t last forever. If you’re thinking of making a move, here are four reasons to put your house up for sale sooner rather than later. 1. […]
TEXARKANA – Two Marriott-branded hotels totaling 175 rooms have been sold. The properties are a 85-room TownePlace Suites by Marriott and a 90-room Courtyard by Marriott. Tower Capital arranged $10.3 million in acquisition financing. Part of the money will be used to fund capital improvements at both properties. Get more Waco-area industrial news on the Texas Real Estate Research Center’s website: […]
SAN ANTONIO – Weston, Fla.-based Postal Center International (PCI) has signed a 102,485-sf lease at 4958 Stout Dr. The company will share the 174,821-sf facility with Anemostat. Stream Realty Partners represented the landlord. Austin Tenant Advisors represented PCI. The space is the company’s first office and production facility outside of Florida. The Texas Real Estate Research Center has more […]
AUSTIN – Hi Tech Motorcars LLC has opened a 200,000-sf Porsche dealership at 9800 Research Blvd. The seven-story Austin Porsche dealership has a main showroom, service drop-off, Porsche store, customer lounge, and service viewing area on the ground floor. The Texas Real Estate Research Center has more local commercial real estate news like this online: Texas Quarterly […]
