KATY – Work is underway on The Enclave on Mason Creek, a 192-unit project by developer Wan Bridge. Construction began in early July with the first residences to be completed at the beginning of 2023. Mason Creek will have three- and four-bedroom homes ranging from 1,430 to 1,750 sf. Amenities will include playgrounds, parks, and walking trails. BMO […]
Archives: July 2022
CanTex closes on 224,000-sf of North Texas industrial space
DALLAS – CanTex Illinois Partners has acquired two warehouse buildings at 3912 and 4012 Illinois Ave. Sitting on 25 acres, the warehouses comprise 224,000 sf and are fully leased by three tenants. Davidson Bogle Real Estate LLC represented the buyer. The seller, Longview Equity LLC of Austin, was represented by San Francisco-based Preserve West Capital. read more…
RangeWater breaks ground on two FW multifamily properties
FORT WORTH – RangeWater has begun work on two multifamily properties on 23 acres in the Beechwood neighborhood. The first, called Palo, is a 120-townhome build-to-rent community with three-bedroom units. The second, called Ellianna, is a 325-unit apartment complex with one-, two-, and three-bedroom floor plans. Construction wraps on both complexes in 3Q2023. read more…
Softwood lumber still adding $14K to new-home price
WASHINGTON – Homebuilders are paying 74 percent more for softwood lumber used in an average single-family home than they did in April 2020. While that’s down from the peak in spring 2021, when softwood prices added some $36,000 to the average new home, it’s enough to increase the single-family home price by an average of $14,345 and the market value […]
113,000-sf Georgetown shopping center sells
GEORGETOWN – LRIC Properties has sold the Republic Square shopping center at 900-930 N. Austin Ave. to a California-based partnership. The 113,772-sf center is almost 93 percent leased, housing tenants such as Dollar Tree, Harbor Freight, Starbucks, Chipotle, Pizza Hut, and more. Disney Investment Group brokered the sale. read more…
DART — North Texas’ Public Transportation Services
Get your family time on track with a DARTable Staycation! Even if you’re sticking around town this summer, you can still make it memorable by exploring North Texas on DART. Your family will find fun on board and off as you discover great destinations located near rail stations and bus stops across the DART Service […]
McKinney's apartment rent decrease leads nation
McKinney – This suburb north of Dallas led the nation in rent relief as of June. Latest data for the city of 200,000 show the monthly average rent at about $681, down more than 50 percent year over year (YoY). In contrast, Austin had the seventh highest average monthly rent at $3,257. Rents there have more than […]
Eisenhauer Business Park sold for $36.6 million
SAN ANTONIO – San Diego-based Westcore has purchased Eisenhauer Business Park for $36.6 million. Located at 5930-6010 Eisenhauer Rd., the 377,318-sf industrial site has four buildings with dock-high and grade-level loading doors and clear heights ranging from 28 to 32 sf. Stream Realty Partners represented the seller, NIT Industrial. read more…
A Window of Opportunity for Homebuyers
Mortgage rates are much higher today than they were at the beginning of the year, and that’s had a clear impact on the housing market. As a result, the market is seeing a shift back toward the range of pre-pandemic levels for buyer demand and home sales. But the transition back toward pre-pandemic levels isn’t […]
SB Properties acquires 276-unit Houston apartment community
HOUSTON – SB Properties of Arizona has acquired Vargos on the Lake. The 276-unit apartment community has one- and two-bedroom apartments and three-bedroom townhomes. Amenities include a fitness center, conference lounge, dog park, resident lounge, and a pool. Walker & Dunlop represented the seller, Berkshire Group. read more…