IRVING – Vanderbilt, a 152-unit apartment property at 2053 Estrada Pkwy., has been sold to Tony Lin. The community has studio and one- and two-bedroom units. Amenities include a pool, picnic area, and dog park. Marcus & Millichap represented the seller, Mike Spotts. The Texas Real Estate Research Center has more multifamily news online for free: Texas Quarterly Apartment Report […]
Archives: May 2022
800 apartments, rental homes slated for Fort Worth
FORT WORTH – HPI Real Estate Services & Investments has purchased 55 acres off SH 287 with plans for a residential project. The new owner will build 636 apartments and 193 single-family rentals on the site at the southeast corner of Bonds Ranch and Blue Mound Roads. The single-family rentals will have attached garages and yards. Amenities […]
100K-sf tower coming to San Antonio River Walk
SAN ANTONIO – Floodgate, a 17-story mixed-use tower at 143 E. Commerce St., has topped out. Upper floors will house 63 apartment units. Lower levels will have outdoor dining and a two-level restaurant. Floodgate opens in spring 2023. The Texas Real Estate Research Center has more news like this online: San Antonio mixed-use news Texas Quarterly Commercial Report Local […]
Industrial park underway in west San Antonio
SAN ANTONIO – Koontz Corp. has broken ground on Westport Industrial Park, a 374,400-sf project at 483 S. Callaghan Rd. The first phase will include two buildings totaling 187,200 sf. The four-building project will have 24-ft clear heights, 130-ft truck court depths, 23 dock doors, and four drive-in ramps per building. Phase one will wrap in February 2023. […]
First-time Texas homebuyers need $10,000 more income to buy $229,000 house
COLLEGE STATION – Rising mortgage interest rates continue to push potential buyers, particularly first-time buyers, out of the market for homeownership, says the affordable housing expert for the Texas Real Estate Research Center (TRERC) at Texas A&M University. “As mortgage interest rates increase, the total monthly mortgage payment also increases,” said Dr. Clare Losey, assistant research economist […]
659-unit multifamily community sold in Houston
HOUSTON – Urban Palms, a 659-unit multifamily community, has been sold. The project was built in 1979 and renovated in 2017. Northmarq represented both the buyer and seller. The Texas Real Estate Research Center has more information like this online for free: Texas Quarterly Apartment Report Houston multifamily news online Source: Connect CRE read more…
Westmount at Summer Cove swaps hands
HOUSTON – Westmount at Summer Cove has been sold. The Class B garden-style community at 725 FM 1959 spans 274,112 sf. It has one- and two-bedroom units averaging 729 sf. Amenities include two swimming pools, a children’s playground, and open parking. The seller, Westmount Realty Capital, had owned the property for seven years. The Texas Real Estate Research Center has more information like […]
Best Souvenir Shopping in Dallas
A good souvenir carries with it the memories of an experience or trip. Over 20 million people visit Dallas annually, which means many are searching for the perfect memento to remind them of time spent in our city. As much as we love kitschy knick-knacks and apparel, Dallas has… read more…
What Does the Rest of the Year Hold for the Housing Market?
If you’re thinking of buying or selling a house, you’re at an exciting decision point. And anytime you make a big decision like that, one thing you should always consider is timing. So, what does the rest of the year hold for the housing market? Here’s what experts have to say. The Number of Homes […]
UnionBrands developing third food hall location
TEMPLE – UnionBrands Eateries Texas LLC is developing its third location at 114 E. Central Ave. following the success of Union Hall in Waco. The Union Crossing food hall will consist of nine local vendors. It will be on the first floor of the historic Hawn Hotel building. Union Crossing opens in mid to late 2023. The Texas […]