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Archives: May 2022

152-unit Irving apartments sold

​​ 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​​ […]

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 […]

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 […]