If you’ve been in your home for longer than five years, you’re not alone. According to recent data from First American, homeowners are staying put much longer than historical averages (see graph below):As the graph shows, before 2008, homeowners sold their houses after an average of just five years. Today, that number has more than […]
PORTER – San Antonio-based Lynd Co. has purchased Villas at Valley Ranch. The 312-unit apartment community at 21899 Valley Ranch Crossing Dr. has one- and two-bedroom floor plans. Amenities include a pool, clubhouse, conference room, theatre room, and a fitness center. New York-based Lument provided $32.3 million in acquisition financing, which will also fund capital improvements. The […]
AUSTIN – Texas’ seasonally adjusted unemployment rate fell 0.3 percent to 5.9 percent in August, according to the Texas Workforce Commission. Texas added 39,300 nonagricultural jobs last month, marking gains in 15 of the last 16 months. Since August 2020, Texas added a total of 681,000 jobs. Amarillo had the lowest nonseasonally adjusted unemployment rate in the state at 3.6 percent. McAllen-Edinburg-Mission had the […]
HOUSTON – A 30,000-sf industrial building within the Intercontinental Crossing Business Park has been sold. The four-building, 90,750-sf development is at 18405 Intercontinental Dr. NAI Partners represented the seller, TNRG Development. Get more Houston-area industrial news on the Texas Real Estate Research Center’s website: Texas Quarterly Commercial Report Houston-area industrial news Source: REBusiness
BURLESON – Weatherby Business Park, a 60,500-sf industrial flex property at 4305 E. FM 1187, has been sold. The property was built in 2008 and was fully leased at the time of sale. Colliers International represented the seller and procured the buyer. The Texas Real Estate Research Center has more on DFW’s industrial market: Texas Quarterly Commercial Report Dallas-Fort Worth-Arlington […]
FORNEY – Megatel Homes LLC is developing the Bellagio Lagoon community, an $800 million residential community. The project will include a man-made lagoon with white sand beaches. Homes will range from 1,800 to 4,200 sf and be priced between $349,000 and $600,000. The 400-home first phase will be complete in April 2022. The lagoon will deliver by August […]
HOUSTON – The Republic Business Center, a 157-acre industrial project at 11333 N. Gessner Rd., is nearing completion. The developer is locally based National Property Holdings. The Home Depot and Amazon signed leases for 657,600 and 141,360 sf, respectively. Colliers International represented the landlord in both lease negotiations. Get more Houston-area industrial news on the Texas Real Estate Research Center’s website: […]
SAN ANTONIO – Valor Club USA is developing Valor Club, a 200-acre mixed-use community aimed to support veterans and families transitioning from military services into civilian life. Veterans will be provided mental health services, employment centers, educational opportunities, and corporate partnership programs. The Texas Real Estate Research Center has more San Antonio mixed-use news online for free. Source: Connect Media
Some Highlights Whether you’re buying or selling – today’s housing market has plenty of good news to go around. Buyers can take advantage of today’s mortgage rates to escape rising rents and keep monthly payments affordable. Sellers can reap the benefits of multiple offers and a fast sale. If this sounds like good news to […]
AUSTIN – Pearlstone and ATCO are developing a mixed-use project at 1808 Aldrich St. The mixed-use development will include 200 condos, 30 of which will be reserved as affordable units. The project will also have 22,318 sf of office space and 4,884 sf of retail space. STG Design Inc. is the architect. Bartlett Cocke General Contractors LLC […]
