Some Highlights If you’re trying to decide when to list your house, the time is now. There are plenty of buyers eagerly waiting for your home to hit the market. The latest data indicates home showings are rising. There are more buyers than homes for sale right now. That means you’ll likely receive multiple offers, […]
HOUSTON – Local office absorption was 649,022 sf in fourth quarter 2021, the highest quarterly positive return for over 15 quarters, according to NAI Partners. The market recorded 2.6 million sf of leasing activity in the fourth quarter. Office availability has climbed to 29 percent as of year-end 2021. Overall vacancy rate rose 1.5 percent to […]
DENTON – Steeplechase Ventures LLC has purchased the 166,225-sf Presidio Plaza shopping center on I-35. Originally built as an outlet mall, the shopping center was remodeled and expanded by 30,000 sf. LAD Ventures LLC sold the property in a deal brokered by JLL. The property is 90 percent occupied. The Texas Real Estate Research Center has […]
COLLEGE STATION – Manufactured housing sales were relatively flat in 2021, but the industry is optimistic about demand and expects Texas activity to accelerate in 2022. Seven months of production growth have improved the backlog of manufactured homes, according to the latest Texas Manufactured Housing Survey (TMHS). “The long backlogs that the industry experienced throughout 2021 […]
KYLE – Beacon Real Estate Group has acquired Urbana at Plum Creek, a 144-unit build-to-rent community at 151 Rikardson Rd. Built in 2021, the property has one- to three-bedroom homes. Amenities include a pool, pet park, and lounge with fire pit and grilling spaces. Berkadia arranged a three-year loan through CrossHarbor Capital Partners on behalf […]
SAN ANTONIO – Blueprint Hospitality has purchased a ten-story office building at 145 Navarro St. from CPS Energy. Blueprint will transform the 211,352-sf building into a hotel. The company bought the adjacent CPS Energy office and parking building at 146 Navarro St. last year. Renovations begin in February 2022 and will be complete in January 2023. The […]
After almost two years of double-digit increases, many experts thought home price appreciation would decelerate or happen at a slower pace in the last quarter of 2021. However, the latest Home Price Insights Report from CoreLogic indicates while prices may have plateaued, appreciation has definitely not slowed. The following graph shows year-over-year appreciation throughout 2021. […]
HOUSTON – RealSource Group has negotiated the sale of a 37,030-sf retail property leased to LA Fitness. RealSource and ParaSell Inc. represented the seller. Newmark represented the California-based buyer. Get more Houston-area news on the Texas Real Estate Research Center’s website: Texas Quarterly Commercial Report Houston-The Woodlands-Sugar Land retail news Source: REBusiness Online read more…
HOUSTON – Fowler Property Acquisitions has purchased The Kirby Collections, a mixed-use property at 3200 Kirby Dr., for $182 million. Built in 2018, the property has a 25-story, 199-unit apartment tower and 291,000 sf of commercial space, including a 182,000-sf office building and 60,000-sf retail building. Fowler plans to implement a capital improvement program and rebrand the development as […]
PROSPER – Younger Partners Investments acquired The Shops at Prosper Trail, a 96,948-sf retail center at the northeast corner of Preston Rd. and Prosper Trail. The center is shadow-anchored by a Kroger Marketplace and part of a 221,083-sf retail property that includes an adjacent Fuel Center. The property is 98 percent occupied. JLL represented the […]
