IRVING – Hopewell Development LP has acquired 33 acres at 2451 S. Belt Line Rd. for the development of an industrial project. Lee & Associates represented Hopewell Development in the acquisition. 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 Online read more…
SHENANDOAH – ClearWorth Capital has purchased Park at Woodmoor, a 220-unit apartment community near The Woodlands. The property was built in 1999 and has one- and two-bedroom units. Amenities include a pool and clubhouse. The new owner will turn property management over to its affiliate, ClearWorth Residential. The Texas Real Estate Research Center has more information like […]
BAYTOWN – Walmart has leased Cedar Port Trade Center, a one million-sf industrial facility at 4633 Borusan Rd. Hunt Southwest Real Estate Development completed the building in April 2021. It is the largest completed spec building in Houston. CBRE represented Hunt Southwest in the lease negotiation. Get more Houston-area industrial news on the Texas Real Estate Research Center’s website: Texas […]
PFLUGERVILLE – Skybox Datacenters LLC is developing Skybox Austin 1, a 141,000-sf, 30-megawatt data center. The project will be at the northeast corner of New Meister and Meister Lanes. The city council approved an economic development performance agreement providing Skybox an expansion grant capped at $225,000 annually and not to exceed a total of $1.6 million. […]
AUSTIN – The Connor Group has purchased Edison Riverside, a 354-unit apartment complex at 4711 E. Riverside Dr. Built in 2019, the complex has studio and one- and two-bedroom units. Rents range from $1,349 to $2,799 per month. Amenities include a pool, rooftop terrace, clubhouse, fitness center, pet park, business center, and package lockers. The purchase marks the company’s […]
For the first time in a long time, the number of newly listed homes is beginning to rise. In their latest monthly release, realtor.com reveals the number of existing homes entering the market has increased for two months in a row (this comes after six months of declines). Here’s a graph showing the monthly new […]
DALLAS – Stockdale Investment Group has acquired Knox Park Village, an 85,000-sf mixed-use retail and office development at 3001 Knox St. The property can hold about 30 retailers in addition to its many current tenants. Stockdale now has ownership of the initial phase of the development, the adjacent two acres to the north, and Knox […]
DALLAS – Greens of Hickory Trial, a 250-unit apartment community at 8613 Old Hickory Trail, has been sold. The property was built in 2000 and has two- and three-bedroom units averaging 1,200 sf. Amenities include a pool, fitness center, business center, playground, basketball court, and outdoor grilling and dining areas. Greysteel represented the seller and arranged acquisition […]
HOUSTON – A three-property industrial portfolio totaling 72,980 sf has been sold. The properties are fully net leased to Global Drilling Support, Forge Systems Inc., and Intertek USA. JLL represented the seller, Finial Group, and arranged acquisition financing for the buyer, NDP Interests. Get more Houston-area industrial news on the Texas Real Estate Research Center’s website: Texas Quarterly Commercial Report Houston-area […]
COLLEGE STATION – Higher mortgage interest rates are the potential byproduct of today’s announcement by the Federal Reserve that it’s raising the federal funds rate, which previously hovered near 0 percent, by a quarter point (i.e., 25 basis points). “This is the first of what economists say could be as many as seven increases in 2022,” said […]
