GEORGETOWN – Phillips Edison & Company has purchased Oak Meadows Marketplace, a Class A retail center on 11 acres at 5731 Williams Dr. Built in 2018, the 78,888-sf property is anchored by Randalls and 92 percent leased. SRS Investment Properties Group represented the seller. The Texas Real Estate Research Center has more local commercial real estate news like this […]
AUSTIN – TikTok Inc. has signed a six-story lease at 300 Colorado, a 32-story downtown tower. The social media company will occupy about 126,000 sf across six floors in the 353,000-sf building. JLL is handling leasing for the tower. The Texas Real Estate Research Center has more office news for Austin-Round Rock: Texas Quarterly Commercial Report Austin-area office news […]
PLANO – Los Angeles-based Jacobson Co. has acquired Morada Plano Apartments, a 183-unit multifamily property at 1009 14th St. Completed in 2020, the community has studio and one- and two-bedroom units ranging from 602 to 1,207 sf. Amenities include a pool, fitness center, business center, rooftop terrace, game room, and pet play area. CIT provided acquisition financing. The Texas Real […]
SAN ANTONIO – Oracle has signed a 35,000-sf lease at Spectrum, a ten-story office building at 613 NW Loop 410. Built in 1984, the property has kitchens, coffee bars, and conference and breakout rooms. About 260 employees will work in the space. REIT Management represented the landlord. The Texas Real Estate Research Center has more on San Antonio’s office market: San Antonio-New Braunfels […]
McALLEN – A Texas-based 1031 exchange investor has purchased a 65,000-sf retail property for $7 million. The store is triple-net leased to Floor & Décor for 55 years. It is currently under construction and set to open early next month. Faris Lee Investments represented the Texas-based developer and seller in the transaction. The Texas Real […]
A recent survey revealed that many consumers believe there’s a housing bubble beginning to form. That feeling is understandable, as year-over-year home price appreciation is still in the double digits. However, this market is very different than it was during the housing crash 15 years ago. Here are four key reasons why today is nothing […]
AUSTIN – Genesis Real Estate Group and PGIM Real Estate are building The Travis, a 423-unit multifamily tower at 80 Red River St. Construction of the 50-story high-rise will be complete by fall 2024. It will be the city’s tallest single-purpose, for-rent housing project. JLL Capital Markets secured construction financing through JPMorgan Chase. The Texas Real Estate Research Center has […]
HOUSTON – Fidelis Residential has begun leasing its first apartment project, with three more complexes underway within the greater Houston area. Leasing has started at Fidelis Cypresswood, a 12-acre garden-style apartment complex on East Cypresswood Dr. between I-45 and Hardy Toll Rd. Started in August 2020, the three-story complex has 287 units with rents ranging from $1,300 to $2,120 […]
CELINA – The Celina Independent School District has acquired 80 acres on FM 455 east of the planned Dallas North Tollway extension. The property is near Centurion American’s Legacy Hills development, which will have 7,000 single-family homes. Rex Real Estate brokered the land sale. The Texas Real Estate Research Center has more Dallas-area education news online for free. Source: Dallas Morning News read more…
SAN ANTONIO – A group of investors has purchased the Staybridge Suites hotel at 123 Hoefgen Ave. and a nearby 1.3-acre parking lot. The buyers will renovate the 138-room hotel. Presidian Hotels & Resorts will manage the property. The owners are developers David Adelman, Michael Jersin, and Don Thomas, along with hotelier Charles Leddy. The Texas Real […]
