SAN ANTONIO – Kansas-based Cohen-Esrey Apartment Investors LLC has purchased the Preserve at Westover Hills. The 276-unit apartment community at 1530 N.W. Crossroads has one- and two-bedroom floor plans. Amenities include a pool, fitness center, playground, dog park, outdoor grilling areas, and package locker room. Newmark represented the seller, Texas-based InvestRes. The asset was 96 percent occupied at the time of sale. The […]
Archives: September 2021
CarMax expanding Dallas operations
RICHMOND, Va. – CarMax Inc. is creating around 300 jobs in the Dallas area. One project is a technology innovation center at Granite Park in Plano. The facility will create 200 jobs. The other is an 11-acre auction facility in Hutchins. About 25 will work there when it begins hosting virtual events in October. CarMax is also working […]
Your Agent Is Key When Pricing Your House [INFOGRAPHIC]
Some Highlights Pricing your house right takes market experience and expertise. To find the best list price, your agent balances current market demand, values of homes in your neighborhood, where prices are headed, and your home’s condition. If you’re ready to sell, don’t guess on the price. Let’s connect today so we price your house […]
Cavender driving forward with Jaguar, Land Rover dealership
SAN ANTONIO – Cavender Auto Group is building a 200,000-sf Jaguar and Land Rover dealership along I-10 near Loop 1604. Cavender has completed the initial phase, a five-story parking structure. The dealership will be 80 percent powered by solar energy. Get more San Antonio-area retail news on the Texas Real Estate Research Center’s website: San Antonio-area retail […]
Archway, CAF buy 504-unit apartment complex
AUSTIN – Archway Equities and CAF Capital Partners have acquired The Morgan, a 504-unit apartment community at 1801 Wells Branch Pkwy. Built in 1983, the property has one- and two-bedroom units. Rents range from $1,402 to $1,793 per month. Amenities include a dog park, business center, lounge, two pools, and walking and biking trails. The property […]
Wells Fargo-anchored office building sold
MISSOURI CITY – A 64,132-sf office anchored by Wells Fargo has been sold. The building was 91 percent leased at the time of loan closing. NorthMarq arranged acquisition financing through Innovative Capital Advisors on behalf of the borrower. Get more Houston-area office news on the Texas Real Estate Research Center’s website: Local office news Texas Quarterly Commercial Report Source: REBusiness […]
Presidium delivers 408-unit apartment community
FORT WORTH – Presidium has completed Presidium Revelstoke, a 408-unit apartment community at 9600 Blue Mound Rd. The community represents the first phase of a larger development. The property has one-, two-, and three-bedroom floor plans and amenities including a pool, clubhouse, business center with coworking spaces, billiards room, and fitness center. Project partners included O’Brien Architects, Kimley-Horn, […]
110-acre mixed-use development slated off US 79
ROUND ROCK – Indianapolis-based Milhaus is developing the 110-acre Kenney Fort North Planned Unit Development. The property is west of the Kalahari Resort on US 79 and less than a mile from Dell Diamond. The property will include: retail, office, and hotel space; urban-style multifamily residences; mixed residential; single-family homes and townhouses; and 25 acres of […]
Texas’ manufactured housing industry provides early signal for calming inflation
COLLEGE STATION – Supply-chain disruptions fueled inflationary pressures over the past year, but improvements are underway, according to the latest Texas Manufactured Housing Survey. The supply-chain disruption index fell to its lowest level since the survey launched in June 2020, and manufacturers anticipate additional relief through year end. “Companies across several industries have been slowly […]