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Archives: December 2021

Turnbridge Equities breaks ground on 344-room citizenM hotel

​AUSTIN – Turnbridge Equities has broken ground on the 344-room citizenM hotel at 617 Colorado St.  Amenities will include a pool, fitness center, and rooftop bar.  Baskervill is the architect, and Gilbane is the general contractor.  The hotel opens in late 2023.  The Texas Real Estate Research Center has more news like this online for free: Texas Quarterly […]

Welcome Group adds two SA industrial buildings to portfolio

​SAN ANTONIO – Welcome Group has purchased two industrial buildings totaling more than 124,000 sf. The two properties include a 12-​acre office and lab space at 6203 Farinon Dr. and 43,860-sf facility at 6603 First Park Ten Blvd.  JLL represented the seller of the Farinon Dr. building. Transwestern represented the seller of the other. The Texas Real Estate […]

Stream Realty to start Quadrangle redo

​​​DALLAS – Stream Realty Partners will start on renovations to the 55-year-old Quadrangle reta​il center in January. Plans include a 335,000-sf office tower, construction and renovation of retail space, and a quarter-acre pocket park.  The 12-story office tower, called The Quad, will be on Howell St. Austin Commercial is the general contractor, and Omniplan is the architect.  […]

Uptown Dallas apartments sold to German investor

​DALLAS – Bell Partners Inc. and Hansainvest Real Assets GmbH have purchased the Routh Street Flats apartments near Turtle Creek. The 208-unit property was​ built in 2015 by Alamo Manhattan Corp. It will be renamed Bell Katy Trail Apartments. Amenities include a rooftop terrace, pool, and fitness center. The Texas Real Estate Research Center​​​​ has more multifamily news online […]

44K-sf office park trades hands in Cedar Park

​​CEDAR PARK – Cross Creek of Texas Ltd. has sold Village on Lakeline, a 44,168-sf office campus at 120 S. Lakeline Blvd.  St. Croix Capital Realty Advisors represented the seller. The Texas Real Estate Research Center has more office news for Austin-Round Rock: ​Texas Quarterly Commercial Report Austin-area office news​ ​Source: ​Austin Business Journal​

300-unit Joule Apartment Homes trades hands

​SAN ANTONIO – Westmount Realty Capital had sold Joule Apartment Homes​, a 300-unit apartment community at 10707 I-10.  Built in 1974, the property has one- and two-bedroom units.  Amenities include a fitness center, clubhouse, laundry facility, dog park, and two pools.  The community was 96 percent occupied at the time of sale.  The Texas Real Estate Research Center […]

Satya Inc. gets the ball rolling on mixed-use development

​ROSENBERG – Satya Inc. will start next summer on a 37-acre mixed-use project at the corner of SH 26 and I-69. The development will include apar​tments, retail, and restaurant space.  The 15-acre multifamily complex, called Fairgrown Apartments, will have​ 312 one- to three-bedroom units ranging from 670 to 1,500 sf.  Multifamily amenities will include a beer garden courtyard […]