HOUSTON – Local medical office vacancy rose 0.3 percent since November 2020 to 16.9 percent last month, according to NAI Partners. The market recorded 1.3 million sf of leasing activity year to date in November 2021. Overall net absorption totaled 73,000 sf. So far this year, just over one million sf is under construction, and 209,000 sf has been delivered. […]
Archives: December 2021
The Perks of Putting 20% Down on a Home
If you’re thinking of buying a home, you’re probably wondering what you need to save for your down payment. Is it 20% of the purchase price, or could you put down less? While there are lower down payment programs available that allow qualified buyers to put down as little as 3.5%, it’s important to understand […]
New York investor picks up Brookhollow multifamily
HOUSTON – New York-based July Residential has acquired Carmel Creek Apartments, a 536-unit multifamily community in the Brookhollow neighborhood. Built in 1982, the property has one- and two-bedroom units ranging from 518 to 1,193 sf. Amenities include a pool, fitness center, and onsite laundry services. Berkadia arranged acquisition financing through Freddie Mac. The Texas Real Estate Research Center […]
2021 Year in Review
While 2020 brought a unique set of changes, 2021 has been a year full of pivoting through new challenges, celebrating joyous reunions and, for many, exploring once again. Through turbulent unknowns and creative problem solving, the people of Dallas have banded together throughout the year to make the city…
What to Do in January in Dallas
Kick off the year by getting the adrenaline rushing, the bass thumping and your heart crushing on incredible games, live performances and art exhibits across Dallas this January. With more opportunities for live events than we’ve seen in a long time, there’s no better place than Dallas to start…
Houston housing market thankful for much needed growth
HOUSTON – Even with limited inventory, the local housing market continued in positive territory with renters bringing necessary business to the leasing market after some declines. According to the Houston Association of Realtors’ (HAR) November 2021 Market Update, single-family home sales rose 3.9 percent from November 2020, up from 8,010 sales to 8,320. On a year-to-date basis, local home […]
Billingsley Co. breaks ground on 250K-sf Plano office building
PLANO – Billingsley Co. has begun construction on a 250,000-sf office building within the 300-acre International Business Park. The five-story building will be adjacent to a 9,000-sf amenity center that houses a fitness room, conference facilities, tenant lounge, and a convenience mart. The project will include a 584-space parking garage. GFF Architects is designing the project. Adolfson […]
$600M mixed-use project underway in northern Collin County
ANNA – Bloomfield Homes has gotten zoning approval for a $600 million mixed-use community called Crystal Park. The 390-acre project will be on the west side of US 75 near FM 455. It will include nearly 1,000 single-family homes, commercial properties along the highway, multifamily units, and a professional campus. The Texas Real Estate Research Center has more information like this […]
PAM Health picks up 38K-sf rehab hospital in Northeast SA
SAN ANTONIO – PAM Health has acquired the 38,000-sf rehabilitation hospital at 11442 Wayland Way. The $20 million hospital was originally planned to be a Cobalt Rehabilitation facility. The Texas Real Estate Research Center has more on San Antonio’s medical market: Texas Quarterly Commercial Report Local medical news Source: San Antonio Business Journal
Abilene RV community under new ownership
ABILENE – A limited liability company has purchased Ridgeview RV Resort, a 150-site community at 2233 E. Stamford St. The project opened on Jan. 1, 2021. Marcus & Millichap marketed the property on behalf of the seller and secured the buyer. Get more Abilene-area real estate news on the Texas Real Estate Research Center’s website: Abilene real […]