If you’re following the news, all of the headlines about conditions in the current housing market may leave you with more questions than answers. Is the boom over? Is the market crashing or correcting? Here’s what you need to know. The housing market is moderating compared to the last two years, but what everyone needs […]
AMARILLO – Marcus and Millichap announced the sale of a two-building, 23,951-sf industrial portfolio at 309 North Garfield St. in Amarillo and 6613 S. 27th St. in McAllen. Built in 2005 and 2007, the properties sit on 2.6 total acres. The buyer was procured by Marcus and Millichap. read more…
AUSTIN – Bishop Momo, a mixed-use project offering multifamily housing and retail space, is coming to Austin’s St. Elmo district. The project will combine 5,840 sf of street-level retail space with 274 studio and one- and two-bedroom units. Ten percent of units will be allocated for low-income families and individuals. Bishop Momo will include rooftop […]
SAN ANTONIO – Azora Exan and One Real Estate Investments have purchased The Fredd, a 278-unit multifamily complex at 9109 Dartbrook Dr. The community offers one-, two-, and three-bedroom units. Amenities include a resort-style pool, sun deck, sports court, and fitness center. Ownership will implement a value-add program. read more…
FRISCO – Newport Beach-based Sares Regis Group has purchased the Legends at Legacy apartments and townhomes at 3700 Legacy Dr. Built in 1999, the complex is just west of the $1.8 billion Frisco Station mixed-use development. Monthly rents range from near $1,300 to more than $2,500. The seller was a New York-based investor. The purchase was funded with an $89.4 million […]
IRVING – Washington, D.C.-based Northridge Capital LLC has purchased the 400,000-sf office complex at 1925 W. John Carpenter Fwy. The property serves as HQ for Vistra, an electricity and natural gas provider previously known as Energy Future Holdings and TXU Corp. The company recently renovated the building just west of Bush Turnpike. The five-story office building, which was built in 1985, was sold by […]
AUSTIN — The Texas General Land Office (GLO) has launched its Resilient Communities Program (RCP). The program will fund the development, adoption, and implementation of modern and resilient building codes and flood damage prevention ordinances to ensure structures built within the community can withstand future hazards. The GLO allocated up to $100 million in Community Development Block Grant […]
Americans’ opinion on the value of real estate as an investment is climbing. That’s according to an annual survey from Gallup. Not only is real estate viewed as the best investment for the ninth year in a row, but more Americans selected it than ever before. The graph below shows the results of the survey […]
FRIENDSWOOD – Natixis has provided a $50.7 million acquisition loan for the Grayson at Baybrook. The 322-unit apartment community at 19100 Glenwest Dr. has one- and two-bedroom units. Amenities include a resident clubhouse, fitness center, pool, and a sand volleyball court. Berkadia placed the loan on behalf of the borrower, SRJ Real Estate Investments. read […]
DALLAS-FORT WORTH – Four multifamily assets totaling 851 units have sold. The properties include: Villa Placita in Garland (122 units); Antigua Village in Fort Worth (152 units); WaterWalk Las Colinas in Irving (153 units); and The Club at Fossil Creek in Fort Worth (424 units). Global Real Estate Advisors brokered the deals. read more…
