HOUSTON – Local retail leasing activity hit all-time highs in January 2022 at 925,000 sf, according to NAI Partners. Last month, retail vacancy dropped to 5.9 percent from 6.5 percent a year ago. Availability is also down from this time last year at 6.5 percent. Net absorption is at 369,000 sf, up 40 percent from January 2021. These positive leasing and absorption trends have pushed […]
SAN ANTONIO – Triten Real Estate Partners is developing Connection Park Logistics Center, a 490,083-sf warehouse facility at 6851 Cal Turner Dr. Construction begins in the second quarter. The Texas Real Estate Research Center has more on San Antonio’s industrial market: San Antonio industrial news Texas Quarterly Commercial Report Source: San Antonio Business Journal read more…
GEORGETOWN – Old Three Hundred Capital has acquired Summit at Rivery Park, a 228-unit apartment community at 1400 Rivery Blvd. Built on 32 acres in 2015, the property has one- to three-bedroom units. Amenities include a pool, fitness center, party room, clubhouse, coffee and tea bar, and outdoor social lounge. JLL arranged financing through QuadReal […]
WASHINGTON – Four Texas cities have landed on WalletHub’s list of the top ten hardest-working cities in the U.S. To compile the list, WalletHub ranked 116 of the biggest cities based on direct work factors (workweek hours, employment rate, and households with no working adults, plus others) and indirect work factors (commute time, share of workers with multiple […]
GRAND PRAIRIE – Arioso, a 288-unit apartment community just off SH 360, has been sold to IMH Cos. Built on 13.5 acres in 2007, the property has one-, two-, and three-bedroom units averaging 976 sf. Amenities include two pools, a clubhouse, fitness center, business center, and outdoor kitchen with fire pits. Institutional Property Advisors represented the […]
In today’s housing market, there are far more buyers looking for homes than sellers listing their houses. Based on the concept of supply and demand, this means home prices will naturally rise. Why is that? When there are more people trying to buy an item than there are making that item available for sale, that […]
HOUSTON – Midway is developing a six-story office building in its CityCentre mixed-use development. Called CityCentre Seven, the building will replace the vacant Four Points by Sheraton Houston West at 10655 Katy Fwy. Demolition work will take about six months. Midway purchased the hotel in 2013. The 147,000-sf building will have 120,000 sf of office […]
DALLAS – Woods Capital has acquired the 40-story Bryan Tower in downtown. Last year, lenders holding $70 million in debt declared the loan in default and moved to foreclose on the property. Built in 1973, the tower was 35 percent occupied last year. Woods Capital also owns the half-acre parking lot next to the building. Woods’ newly […]
FORNEY – Dalfen Industrial has acquired a two-building, 400,000-sf office and warehouse project near US 80 on FM 548. The purchase includes five adjacent acres. Stream Realty Partners brokered the deal. 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 more…
BAYTOWN – Online furniture retailer Article is getting a 507,000-sf warehouse within Cedar Port Industrial Park. Construction begins this quarter and will wrap up by the end of the year. NAI Partners represented the developer, TGS Cedar Port Partners LP. Colliers represented Article. Get more Houston-area industrial news on the Texas Real Estate Research Center’s website: Texas Quarterly Commercial Report […]
