HOUSTON – ConocoPhillips has purchased 225,000 net acres in the Permian Basin from Royal Dutch Shell for $9.5 billion. The purchase also includes 600 miles of associated infrastructure. The deal marks Shell’s exit from the largest U.S. oilfield to focus on clean energy. ConocoPhillips already owned 750,000 net acres in the Permian. Get more industrial news on the […]
KATY – A joint venture between AXA IM Alts and RPM Living has acquired Grand at LaCenterra, a 271-unit apartment complex at 2727 Commercial Center Blvd. The Class A property was built in 2016 and has studio and one-, two- and three-bedroom units. Amenities include a pool, fitness center, game room, conference facilities, library, outdoor kitchen, and package […]
Some Highlights Due to low supply and high demand, today is one of the strongest sellers’ markets we’ve seen. Sellers can benefit from more offers to pick from, higher home values, and a faster sales process. That might be why 73% of people believe it’s a good time to sell. Sellers, don’t miss out on […]
HOUSTON – OHT Partners LLC has broken ground on Lenox Bayside, a 315-unit luxury multifamily community. The four-story community will have one-, two-, and three-bedroom units. Amenities will include a 24-hour collaborative work studio, resort-style pool, dog park and dog washing station, and outdoor pavilion with grills and a fireplace. Lenox Bayside will be on nine acres at the southwest corner of […]
DALLAS – Southeastern Development and Kroger are building One City View, a $100 million mixed-use development. The project will have an 80,000-sf Kroger grocery store under a four-story, 376-unit apartment building. One-fifth of the units will be reserved for residents earning a maximum of 60 percent of the area median family income. Kroger purchased the 5.4 acres on N. Hall St. near […]
PLANO – Centurion American has broken ground on the first phase of the $1 billion mixed-use project that will replace Collin Creek Mall. Ashton Woods Homes, Gehan Homes, and Mattamy Homes will build 500 two- and three-story townhouses on the west side of the development. Homes will start in the $500,000s. Work wraps on phase […]
AUSTIN – The Teacher Retirement System of Texas (TRS) is moving its headquarters from downtown to Mueller, a mixed-use community northeast of the Central Business District. TRS will occupy 457,000 sf across the Alpha and Bravo buildings at 1900 Aldrich St. TRS will move into Alpha in spring 2023 and into Bravo in 2024. The Texas Real […]
AUSTIN – Although the local housing market is calming, the Texas Capital still remains a top market in the U.S. According to the Austin Board of Realtors, home sales in August declined 4.6 percent year over year to 3,849. The median sales price increased 34.7 percent to $470,000, an all-time high for the month of August. […]
AUSTIN – TA Realty has purchased Harris Ridge Business Center, a 387,838-sf industrial park at 1100 E. Howard Lane. Built between 2008 and 2021, the five-building industrial park was fully leased at the time of sale to 11 tenants. CBRE represented the buyer, HPI Real Estate Services. The Texas Real Estate Research Center has more industrial news for Austin-Round […]
If you’re a renter with a desire to become a homeowner, or a homeowner who’s decided your current house no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a home. To determine if you should buy now or wait, you need to ask yourself […]
