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Archives: February 2022

Houston retail developer picks up shopping center near Baybrook mall

​​​​​​WEBSTER – Gulf Coast Commercial Group has acquired Baybrook Passage Shopping Center. The 189,334-sf retail center is​​ just under 80 percent occupied. It is on 20.5 acres across I-45 from Baybrook Mall.​ CBRE represented the seller, Passage Realty Inc. 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​ […]

Hines planning 240K-sf Red River Business Park in Lewisville

​​​​LEWISVILLE – Hines is building Red River Business Park, a three-building industrial project near I-35E.  Work starts on the 240,000-sf project in summer 2022. Opening is set for early 2023. The largest of the buildings will be 112,000 sf. The Texas Real Estate Research Center has more on DFW’s industrial market: ​​Texas Quarterly Commercial Report ​Dallas-Fort Worth-Arlington industrial news​ ​Source: ​Dallas Morning News​ read […]

Committed Industrial to build 182K-sf distribution center in Bedford

​​​​​​​​​BEDFORD – Committed Industrial has acquired 15.4 acres for the development of a 181,250-sf distribution center. Henry S. Miller Brokerage arrange​d the sales of two separate parcels that comprise the property. Construction begins in the second quarter.​ The Texas Real Estate Research Center has more on DFW’s industrial market: ​​Texas Quarterly Commercial Report ​Dallas-Fort Worth-Arlington industrial news​ ​Source: REBusiness […]

Marcus & Millichap brokers Port Neches self-storage sale

​​PORT NECHES – Eagle Climatized Storage, a 237-unit climate-controlled self-storage facility, has been sold. The property was built on 3.5 acres in 2003. Marcus & Millichap represented the Georgia-based seller and found the Texas-based buyer. Head to the Center’s website for more Beaumont-Port Arthur real estate news. ​Source: ​REBusiness Online​ read more…

Phoenix to start on 123-room Tapestry by Hilton hotel

​​​MARBLE FALLS – Boerne-based Phoenix Hospitality Group breaks ground this June on the 123-room Tapestry by Hilton hotel. The $35 million hotel will have a conference and event room and a lakeside restaurant and bar.  Hawkins Family Partners LP is also part of the project.  Opening is set for first quarter 2024. Get more San Antonio-area hotel news​ on the Texas Real Estate […]

JV acquires 564-bed student housing community near UNT

​​​​​DENTON – A joint venture between Vesper Holdings and funds managed by affiliates​ of Fortress Investment Group LLC has purchased CastleRock at Denton, a student housing property near the University of North Texas. Built in 2000, the property consists of 564 beds across 192 units in a mix of one- to​ four-bedroom floor plans. Amenities include a […]

Local partnership begins construction on $32M apartment community

​​​​​​​HOUSTON – Scarlet a​nd Urban Meridian Group have broken ground on a six-story multifamily project in the City Park neighborhood. Called Frame Almeda Genoe, the 216-unit property will have one- and two-bedroom units ranging from 570 to 1,007 sf. The $32 million project will deliver within the next year. The Texas Real Estate Research Center​​​​ has more […]

Welcome Group picks up two office, lab buildings

​​​​​SAN ANTONIO – Welcome Group has purchased two office and lab buildings totaling 124,291 sf. The first building, leased by KCI U​SA Inc., spans 80,431 sf. The second facility, built in phases between 1987 and 1995, spans 43,860 sf. Welcome Realty Advisors represented the buyer. JLL and Transwestern represented the two sellers.  The Texas Real Estate Research Center has […]

137-unit Country Place Apartments trades hands in Killeen

​​​ KILLEEN – The 137-unit Country Place Apartments at 3316 E. Rancier Ave. has been sold. Built in 1996, the property has tw​o-bedroom units, a pool, playground, basketball court, fitness center, and dog park. The Multifamily Group represented the seller and procured the buyer. If you’re looking for more news like this, head to the Center’s website. Killeen-Temple real […]