BAYTOWN – Marcus & Millichap has brokered the sale of Cedar Grove Park RV Resort. The 266-site manufactured housing community was roughly 90 percent occupied at the time of sale. Marcus & Millichap represented both the buyer and the seller. read more…
Archives: July 2022
The Edge at Seabrook Town Centre coming to Seabrook
SEABROOK – HS Development Group has acquired 19.5 acres for the construction of The Edge at Seabrook Town Centre. The property will have a four-story, 322-unit apartment complex, 19,000 sf of retail and restaurant space, a plaza with an event lawn, and office space. Phase I of the development will include the plaza, apartments, and two […]
180 Multifamily Properties picks up 224-unit Arlington apartment
ARLINGTON – 180 Multifamily Properties has purchased a 224-unit complex at 834 Timberlake Dr. The property has one-, two-, and three-bedroom units ranging from 600 to 1,010 sf, as well as a business center and clubhouse. The new owner plans to implement a value-add program and rebrand the property as Oakmont Apartment Homes. The seller was […]
Independent Financial’s office campus phase II finished
McKINNEY – KDC has completed Phase II of Independent Financial’s $150 million office headquarters campus within the Craig Ranch master-planned development. Construction of the six-story, 198,000-sf building began in early 2021. Amenities include a fitness center, coffee bar, and grab-and-go dining area. read more…
Jackson-Shaw begins phase two of CenterPoint Logistics Park
SAN ANTONIO – Jackson-Shaw is developing the second and final phase of the CenterPoint Logistics Park, a 65-acre, Class A, master planned industrial park at 4235 Milling Rd. Construction began on phase one in 4Q2020. Phase one had three buildings and 302,518 sf. Phase two calls for two buildings accounting for 416,000 sf. Each building features space for office, […]
What’s Causing Ongoing Home Price Appreciation?
If you’re thinking about making a move, you probably want to know what’s going to happen to home prices for the rest of the year. While experts say price growth will moderate due to the shifting market, ongoing appreciation is expected. That means home prices won’t fall. Here’s a look at two key reasons experts […]
Partnership acquires 7 Square apartments
HOUSTON – DLP Capital and Avid Realty Partners have acquired 7 Square, a 402-unit apartment community. The property has one- and two-bedroom units and amenities such as a fitness center, wine room, outdoor grilling stations, and two pools. Walker & Dunlop represented the seller and arranged acquisition financing through Voya Financial on behalf of the […]
1M-sf South Dallas logistics center sold to Property Reserve Inc.
DALLAS – Property Reserve Inc. has purchased DalParc Logistics Center, a newly built, one million-sf industrial development at 3199 Telephone Rd. CBRE represented the seller and developer, Kansas City-based VanTrust Real Estate. VanTrust broke ground on the project in summer 2020. The property is fully leased. read more…
Laredo industrial space scarce
LAREDO (BISNOW) – Millions of square feet of industrial space are being developed in the Laredo MSA. But, for now, little is available. Supply chain disruptions and companies searching for nearshore operations have driven the city’s industrial vacancy rate down to a little more than 1 percent. The national average is 4.7 percent. An estimated 4,000 acres are in development or […]
DB Capital, Sabal Financial acquire Villas of Henderson Pass
SAN ANTONIO – DB Capital Management and Sabal Financial group have purchased a 228-unit multifamily community at 16465 Henderson Pass. The Villas of Henderson Pass has one- and two-bedroom units ranging from 550 to 927 sf. The property will undergo a $4.5 million renovation plan and be renamed Summit Henderson Pass. Upgrades will include new flooring, […]