Some Highlights If you’re looking to buy a home, you may want to put these items on your to-do list to ensure you hit your goals. It’s important to start working on your credit and saving for a down payment early. When you’re ready to begin your search, work with a real estate professional and […]
Archives: January 2022
Zuri Furniture inks 270K-sf industrial lease
LEWISVILLE – Zuri Furniture signed a 270,686-sf lease at 601 Tittle Dr. in Austin Ranch. The warehouse will deliver in March 2022. Robert Lynn Co. represented Zuri Furniture. The landlord, Billingsley Co., was self-represented. The Texas Real Estate Research Center has more on DFW’s industrial market: Texas Quarterly Commercial Report Dallas-Fort Worth-Arlington industrial news Source: Billingsley Co. read more…
234-unit Carrollton apartments change hands
CARROLLTON – American Landmark purchased Switchyard Apartments, a 234-unit multifamily community at 1199 N. Broadway St. Stoneleigh Cos. and Realty Capital Management developed the property in 2019. Amenities include a pool, fitness center, and outdoor gathering areas. The property was 96 percent occupied at the time of sale. Institutional Property Advisors represented the seller, SC […]
Jackson-Shaw developing 224-acre mixed-use project
GEORGETOWN – Jackson-Shaw Co. is developing a 224-acre mixed-use project alongside I-35, north of the intersection with SH 195. The development will include 1.7 million sf of industrial space, 392,000 sf of commercial space, and 388 multifamily units. Jackson-Shaw will receive $13.1 million in tax incentives. In return, the company will complete the first phase of […]
Energy firm moving to The Woodlands Tower at The Waterway
THE WOODLANDS – Lancium Technologies Corp. is leasing a full floor at The Woodlands Towers at The Waterway. Lancium’s corporate headquarters will occupy 26,530 sf at 9950 Woodloch Forest Dr. Aradio Zambrano Real Estate Co. represented the tenant. The landlord, The Howard Hughes Corp., was represented by Colliers. Get more Houston-area office news on the Texas Real Estate Research Center’s […]
Boutique hotel slated for downtown Midland
MIDLAND – Developers are transforming the building at the corner of W. Missouri Ave. and S. Loraine St. into The Thomas, a 93-room boutique hotel. The $25 million project will be a Hilton-branded hotel. It will include a restaurant, valet parking, and meeting spaces. The Texas Real Estate Research Center has more Midland real estate news. Source: Midland Reporter-Telegram read more…
There Won’t Be a Wave of Foreclosures in the Housing Market
When mortgage forbearance plans were first announced and the pandemic surged through the country in early 2020, many homeowners were allowed to pause their mortgage payments. Some analysts were concerned that once the forbearance program ended, the housing market would experience a wave of foreclosures like what happened after the housing bubble 15 years ago. […]
Nine-acre public park slated for Hemisfair
SAN ANTONIO – The city council has approved a $27.9 million construction contract for the first phase of Civic Park, a nine-acre public park at Hemisfair. Skanska USA will build an event lawn with capacity for up to 15,000 attendees, shaded promenade, and water features. Construction begins in late January. Civic Park will be the […]
JV developing $33M multifamily community in Austin
AUSTIN – Trez Capital and Thompson Realty Capital are developing Larkspur, a 504-unit apartment complex. The two-phase project will include an amenity center and pool. The Texas Real Estate Research Center has more news like this online for free: Texas Quarterly Apartment Report Austin multifamily news Source: Yield Pro read more…
California firm continues Texas multifamily shopping spree
HOUSTON – California-based The Bascom Group has acquired two Houston-area apartment communities totaling 602 units. The 390-unit Spencer Park Row is at 15335 Park Row in Houston. Tranquility Lakeside has 212 units at 2800 Tranquility Lakes Blvd. in Pearland. The assets were built in 2002 and 2004. CBRE represented the seller and arranged acquisition financing through Oaktree Real Estate Debt Fund III […]