PLANO – Drawbridge Realty Trust has purchased the HQ53 office building at 5301 Headquarters Dr. in Legacy business park. Completed in 2021 by Cawley Partners, the 248,861-sf building houses the headquarters for Aimbridge Hospitality. Designed by BOKA Powell, the office includes a fitness center, conference center, and a ground-floor patio lounge. Newmark Group brokered the […]
MESQUITE – Stream Realty Partners has begun work on a 3.4 million-sf industrial project at 12955 FM 2932 near I-20. Called 20 East at Trinity Pointe, the project will have six buildings on nearly 300 acres. The first phase will have 1.8 million sf of warehouse and shipping space in three new buildings. A second phase […]
Experts in the real estate industry use a number of terms when they talk about what’s happening with home prices. And some of those words sound a bit similar but mean very different things. To help clarify what’s happening with home prices and where experts say they’re going, here’s a look at a few terms […]
AUSTIN – In a joint effort, VCP and Vaultcap Partners have acquired Huntington Meadows at 7000 Decker Ln. VCP and VaultCap have now collaborated on three purchases in Texas. The 200-unit complex comprises one-, two-, three-, and four-bedroom units ranging from 672 to 1,239 sf. Amenities include a pool, fitness center, basketball court, and playground. Marcus […]
WASHINGTON – The Federal Reserve has raising its key interest rate by three-quarters of a point—its largest hike in nearly three decades “The increase is in response to continued high inflation,” said Dr. Harold Hunt, research economist with the Texas Real Estate Research Center. “This is intended to help dampen inflation by cooling demand. Guidance from the Fed calls […]
SAN ANTONIO – Port San Antonio has announced plans for a 300,000-sf office tower near the entrance of its campus. The tower will house DeLorean Motor Co.’s corporate headquarters along with as many as 450 employees. Moving forward, Port San Antonio looks to house local businesses as well. The tower is part of a larger expansion plan that […]
KYLE – A partnership between Alliance Industrial Co., Kyle Economic Development, and the Greater San Marcos Partnership is moving forward with plans for a one million-sf speculative industrial project. Kyle/35 Logistics Park will comprise five facilities ranging from 140,000 to 475,000 sf. Features include clear heights at 36 to 40 ft., single-load and cross-dock configurations, and trailer […]
HOUSTON – Locally based FreshBrew, a private-label coffee and tea producer, has begun a $10 million expansion of its roasting and production plant at 11600 Big John St. Construction is now underway to transform 40,000 sf of vending space to allow for extraction, bottling, and canning production in-house. FreshBrew acquired an additional 25,000 sf of space, creating a combined […]
SHERMAN – Seven-hundred and fifty single-family homes are planned for Heritage Ranch, a 440-acre mixed-use community that will also have commercial, retail, hospitality, and office space. The residential portion of the development will span 171 acres and include homes built by Highland Homes and K. Hovnanian Homes. Locally based Covenant Development and Rockhill Capital & Investments of Frisco are […]
COLLEGE STATION – Residential building permits in North Texas have slid over the past year, reports the Dallas Morning News. Supply-chain issues continue to be a major factor behind the decline, says a housing expert with the Texas Real Estate Research Center. “The constant supply-chain issues have resulted in a growing back-log of homes either under […]
