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Archives: March 2022



Houston office market outlook cautiously optimistic

​​​​HOUSTON – Local​ overall office vacancy was 24.9 percent in February, up 110 basi​s points from the same ​time last year, according to NAI Partners. ​ Availability was at 29 percent, up 50 basis points from February 2021.​ The market saw a 20 percent drop in leasing activity, falling from 2.1 million sf in February 2021 to 1.7 million sf last month. That’s ​the […]


$15.3M affordable housing project on the way to SA

SAN ANTONIO – A partnership between CVS Health, the San Antonio Housing Trust, and two nati​onal real estate companies is developing Crosswinds Apartment Homes​, a 312-unit affordable apartment community at 4114 N. Loop 1604 E. The property will have one- to three-bedroom units across 13 three-story buildings. Units will be reserved for those making between 30 and […]



Legacy developing Merit apartment community in Lewisville

​LEWISVILLE – San Francisco-based Legacy Partners is ​​developing a 296-unit apartment community called Merit. The development will have one- to three-bedroom units ranging from 630 to 1,500 sf.  Amenities will include a pool, fitness center, dog park, coworking space, outdoor gaming area, and 24-hour convenience mart. The project team includes Dallas-based JHP Architecture and Provident General Contractors.  Berkadia secured […]


Melissa self-storage facility trades hands

​​​MELISSA – A 459-unit, Class A self-storage facility has been sold.  The project consists ​of 293 climate-controlled units and 166 non-climate-controlled units across 56,525 net rentable sf.  ​Marcus & Millichap brokered the deal.  The Texas Real Estate Research​ Center has more on DFW real estate news: Local office news ​​Texas Quarterly Commercial Report Source: REBusiness Online read more…



Medical office building in the Heights trades hands

​​​HOUSTON – Wolf Capital Partners has acquired the 120,000-sf Heights Medical Tower at 427 W. 20th St. Wolf Capital Partners will update the building and rebrand it as HeightsMED.  Renovations will include a new lobby, elevator cabs, restrooms, MEP systems, and spec suites. Work begins in mid-2022 and will be completed around a year later. Get more Houston-area medical […]


BAE Systems completing 390K-sf office, manufacturing facility

​​​​AUSTIN – BAE Systems Inc. is completing its 390,000-sf facility in the Parmer Austin business park. The $150 million facility will include a 204-seat auditorium, gym, and 45,000 sf for future expansion. The company will employ 1,400 at its new campus.   Construction will be complete by the seco​nd quarter. The project team includes developer Trammell Crow […]