​​ AUSTIN – Mark IV Capital is developing The District, a 65.5-acre mixed-use project near I-35 and SH 45. The development will include​ three million sf of office space, 230,000 sf of retail space, 1,600 multifamily units, and a 250-room hotel. The first phase will add a 207,000-sf office building, parking garage, coffee shop, and city infrastructure. Phase […]

​​​ PLANO – Richland Capital purchased the Plano Commerce Park from Provident Realty for $32 million. This property is at 2900 and 2​920 E. Plano Pkwy., within the northeastern quadrant of I-75 and SH 190.  The two-building park totals 176,000 sf and is fully leased to tenants including Airbus and Critical Electrical Systems. JLL Capital Markets […]

AUSTIN – International homebuyers purchased nearly 10,000 homes in Texas from April 2020 to March 2021, representing $4.9 billion in sales, according to Texas Realtors’ Texas International Homebuyers Report.​ ​ Texas was third in the nation, behind Florida and California, for homes sold to international buyers. The state accounted for 9 percent​ of all homes purchased by international homebuyers in the United States, […]

​​​ATHENS – Profectus Multifamily Capital has purchased a vacant Quality Inn & Suites hotel to convert it into a 122-unit apartment community.​​ The hotel was built on a 14-acre site in 1981.  The complex will offer a fitness center, business center, dog park, outdoor recreational areas, and restaurant/coffee shop. The Multifamily Group represented the buyer. The […]

​​​AUSTIN – Ryan Companies and Tishman Speyer are developing 321 West, a 58-story mixed-use tower at 321 W. Sixth St. The property will include 140,000 sf of office space, 300,000 sf of residential space, and ground-floor retail. Amenities will include a pool, fitness studio, game room, roof-deck lounge, co-working areas, and pet areas. Construction begins in late […]

​​​​​DRIPPING SPRINGS – Juliet Five LLC has purchased a 32-acre mixed-use development site. The project will include​ retail​, commercial, and multifamily uses. Avison Young represented the seller, RRWS Inc., in the transaction.  Get more Austin-area news on the Texas Real Estate Research Center’s website: Austin mixed-use news ​Texas Quarterly Commercial Report Austin-area office news​ Local retail news […]

​​HOUSTON – The Texas Medical Center will break ground on phase one of TMC3, a $1.8 billion life sciences campus. This phase will include: 950,000 sf of research space anchored by a 700,000-sf facility developed by Beacon Capital Partners and Braidwell;  521-room hotel;  65,000 sf of conference space;  350-unit residential tower;  2,000 parking spaces;  18.7 acres of […]

​​​​TOMBALL – BJ Services’ former corporate headquarters has been sold to Tomball Independent School District (ISD). The 70-acre, 568,000-sf Class A​ office and industrial complex is at 11211 FM 2920. It includes 235,000 sf of office space, 33,000 sf of lab areas, and 300,000 sf of industrial warehouse space. Tomball ISD will convert the property into an elementary […]