FORT WORTH – Andes Coil Processors, a provider of steel products, is planning a 151,693-sf manufacturing facility in the Sylvania Industrial Park. The new facility will create 30 to 50 jobs as part of a $5 million capital investment. CanTex Capital purchased the 64-acre Sylvania Industrial Park in Dececember 2021. read more…
Archives: June 2022
Strike! Astro Superbowl sells
SAN ANTONIO – NAI Partners brokered the sale of the 38,283-sf Astro Superbowl bowling alley at 3239 Harry Wurzbach Rd. A and E Sports LLC was the seller. Jorstep Inc. represented the buyer. Management will remain the same. read more…
Highland Bluffs trades hands
DALLAS – Westmount Realty Capital has sold a 357-unit multifamily complex at 1615 John West Rd. Built in 1984, Highland Bluffs houses 28 three-story buildings comprising one- and two- bedroom units. Sizes range from 465 to 1,012 sf. Amenities include a pool, playground, picnic areas, and laundry facilities. Marcus and Millichap represented Westmount in the […]
AEW purchases Centro South office building
AUSTIN – AEW Capital Management LP has purchased the 164,976-sf Class-A office building at 1412 E. 5th St. The building, Centro South, was 96 percent leased at the time of sale. PGIM Real Estate provided the $77 million acquisition loan. The developer, Riverside Resources, will continue to manage the property. read more…
23,781-sf Houston industrial building sold
HOUSTON – A 23,781-sf industrial building at 7522 S. Santa Fe Dr. has been sold. Boyd Commercial represented the undisclosed seller. New Generation Engineering & Construction, the buyer, was represented by NAI Partners. NAI Partners brokered the sale. read more…
800-home rental community opens in Rosharon
ROSHARON – Pradera Oaks, an 800-home rental community, has opened south of Houston. The community features three- and four-bedroom, two-story single-family homes ranging from 1,700 to 1,800 sf for lease. Wan Bridge, the builder, started land development for the property in 2019. Vertical construction began earlier this year. read more…
Quiet One RV Park swaps hands
ROCKPORT – Marcus & Millichap has announced the sale of Quiet One RV Park. The 64-space manufactured homes community is on five acres at 600 W. James St. The buyer was procured by Shealy and Wagner. read more…
Construction underway on cancer care center in Beaumont
BEAUMONT – Texas Oncology is partnering with Christus to open an $11 million cancer care center on the St. Elizabeth campus at 3010 Harrison Ave. The 32,000-sf facility will provide genetic counseling, lab services, clinical trials, chemotherapy, medical oncology, radiation oncology, and gynecologic oncology. Cottonwood Development will develop the facility and McCarthy Building Companies Inc. will […]
Two Reasons Why Today’s Housing Market Isn’t a Bubble
You may be reading headlines and hearing talk about a potential housing bubble or a crash, but it’s important to understand that the data and expert opinions tell a different story. A recent survey from Pulsenomics asked over one hundred housing market experts and real estate economists if they believe the housing market is in […]
Historic SA office space sells
SAN ANTONIO – Alamo Property Investment LLC has acquired the Arevalo Alamo building at 219 N. Alamo St. Falcon International Bank provided $3 million in capital dept for the sale, according to county records. Built in 1907, the building served as SA’s first YMCA prior to being renovated and converted to office space. Quality Services […]