MIDLAND – North Midland Industrial Portfolio, a 41,125-sf industrial property at 11002 W. County Rd. 77, has been sold. Marcus & Millichap brokered the transaction. The Texas Real Estate Research Center has more Midland real estate news. Source: Marcus & Millichap
NEW BRAUNFELS – Seals Family Properties, Kingham Dalton Wilson, and Gillum Development are transforming the New Braunfels Utilities into a boutique hotel. The Mainzer hotel at 263 Main Plaza will have a restaurant, bar, social gathering space, and parking garage. Get more San Antonio-area hotel news on the Texas Real Estate Research Center’s website. Source: San Antonio Business Journal
Last week, the average 30-year fixed mortgage rate from Freddie Mac inched up to 3.1%, and experts project rates will continue rising through 2022: “The 30-year fixed-rate mortgage was 2.9% in the third quarter of 2021. We forecast mortgage rates to increase slightly through the remainder of the year and reach 3.0%, rising to 3.5% […]
CELINA – Corson Cramer Development is building Ten Mile Creek, a residential community along the future Collin County Outer Loop east of Coit Rd. The 251-acre project will have 371 single-family homes, 110 townhouses, rental homes, and apartments. Plans also include a 46-acre retail and commercial center. American Legend Homes and William Ryan Homes will build […]
HOUSTON – Patrinely Group and USAA Real Estate have sold Folio West in the Westchase neighborhood to Middle Street Partners. The joint venture developed the 266-unit apartment community in 2017. The property has one-, two-, and three-bedroom floor plans. Amenities include a pool, game room, 24-hour fitness center, business center, and clubhouse with catering kitchen. The Texas Real Estate Research […]
AUSTIN – Hines has acquired West Lake Vistas, a 334-unit apartment community at 7201 Ranch Rd. 2222. Built in 2009, the property has one- to three-bedroom units. Amenities include a business center, dog park, fitness center, three pools, two clubhouses, and media rooms. Newmark represented both the buyer and the seller, The Connor Group. The property was 96 […]
HUTTO – Titan Development has broken ground on a 197,621-sf facility at Titan Innovation Business Park. The building is part of the 100-acre second phase of the business park. The rear-load facility will have 32-ft clear heights, 54 dock-high doors, and an ESFR sprinkler system. Construction will be complete in late 2022. The Texas Real Estate Research Center has more industrial news […]
CONVERSE – REEP Equity has purchased Waterford Park Apartments, a 224-unit garden-style apartment community at 9205 FM 78. Built in 2008, the property has one- to three-bedroom units. Amenities include a pool and fitness center. The new owner will renovate the property. The Texas Real Estate Research Center has more news like this online for free: Texas Quarterly Apartment […]
ARLINGTON – Arlington Orthopedic Associates has purchased the 73,859-sf, five-story Highlands Tower office building at 701 Highlander Blvd. The building was sold by an affiliate of SkyWalker Property, who invested $2 million in the last five years to renovate the 1980s office building. The building is 66 percent leased to tenants including PNC Bank, Keller […]
SAN ANTONIO – Sabot Development is developing Mira, a ten-story mixed-use project. Mira will be on 1.55 acres near Hotel Emma and the Pearl Brewery development. It will have 299 apartments and 12,079 sf of retail and restaurant space. Construction begins in February or March 2022. The Texas Real Estate Research Center has more news like this: San Antonio […]
