ROSENBERG – Sueba USA has sold Town Center Lofts to a joint venture of Redwood Capital Group and Heitman. Built in 2021, the 309-unit property has studio and one- and two-bedroom floor plans ranging from 560 to 1,207 sf. Amenities include two pools, a 24-hour fitness center, community clubroom with a chef-inspired kitchen, and package lockers. Berkadia represented the seller. The […]
WILMER – TRG is developing a 1.6 million-sf, two-building business park at 1690 E. Pleasant Run Rd. near I-45. Stream Realty Partners and Threecore are building the project, called Core45. Grandview Partners is funding the project. Stream is handling leasing. The first buildings will deliver in first quarter 2023. The Texas Real Estate Research Center has more on DFW’s industrial […]
WASHINGTON – Texas is the fifth-best state to drive in, says a WalletHub study. The Lone Star State ranks first in cost of ownership and maintenance, fourth in access to vehicles and maintenance, 14th in safety, and 41st in traffic and infrastructure. Texas is tied for first with California and Florida for most car washes per capita. It is also […]
AUSTIN – Pearlstone Partners LLC is developing two residential projects across the metro. The first is a 170-unit condo community at 2323 S. Lamar Blvd. The property will include ground-floor retail and creative office space. Construction begins in mid-2022 and will be complete by mid-2024. Pearlstone is also transforming a gas station at 14th and Lavaca […]
SAN ANTONIO – Bellaire Partners has sold two multifamily properties to local buyers Mo and Laura Quraish. The 119-unit Dunes Apartments at 6218 S. New Braunfels Ave. has studio and one- and two-bedroom units. Montrose Place at 427 Montrose St. has 72 one- and two-bedroom units. The Multifamily Group arranged the transaction. The Texas Real Estate Research Center has more news like this online […]
As you plan out your goals for the year, moving up to your dream home may top the list. But, how do you know when to make your move? You want to time it just right so you can get the most out of the sale of your current house. You also want to know […]
KATY – Westmount Realty Capital has acquired Station at Mason Creek, a Class-A, garden-style apartment community located at 21500 Park Row. Built in 2001, the 291-unit community has one-, two, and three-bedroom floor plans averaging 772 sf. Amenities include a saltwater pool with splash pad, fitness center, coffee bar, clubhouse, business center, dog park, garage, and carport parking. […]
FORT WORTH – Marcus & Millichap brokered the sale of seven multifamily properties totaling 1,162 units. The assets sold for a total of $120 million to a variety of investors, both local and out of state. The properties are the: 484-unit Meadow Ridge, built in 1981 at 3101 W. Normandale St. in Fort Worth; 265-unit Villas at […]
FORT WORTH – A coalition of arts nonprofits is purchasing a former Ku Klux Klan meeting hall at 1021 N. Main St. with plans to transform the building. The building will be named the Fred Rouse Center for the Arts and Community Healing, in honor of the Black Stockyards worker and Fort Worth resident lynched […]
AUSTIN – Prism Multifamily Group has purchased Citizen House Decker, a 324-unit apartment community at 5301 Decker Ln., from Endeavor Real Estate Group. Built in 2021, the property has one- and two-bedroom units. Amenities include a pool, clubhouse, business center, fitness center, arcade, coworking spaces, and outdoor grilling areas. Newmark brokered the transaction. The new ownership […]
