FORT WORTH – TradeLane Properties has acquired a 120,000-sf former big-box building at 1650 S. Cherry Ln. The property is being redeveloped into an industrial facility. Improvements will include new LED lighting, asphalt and concrete work, security fencing, paint, and speculative office space. NAI Robert Lynn is handling leasing. read more…
Archives: July 2022
Tesla to add 500,000 sf to Austin Gigafactory
AUSTIN – Tesla has filed plans with the city to build a 500,000-sf addition to its newly opened Gigafactory at 13101 Tesla Rd. The current facility, which opened in April, spans over four million sf. The expansion will include two new assembly lines. read more…
Canadian buyer picks up Carrollton multifamily complex
CARROLLTON – Canada-based Western Wealth Capital has acquired Embry Apartment Homes, a 151-unit multifamily community at 2210 Marsh Ln. north of Dallas. Built in 1985, the property has one- and two-bedroom units spanning from 713 to 1,200 sf. Amenities include a pool, fitness center, clubhouse, outdoor grilling station, business center, and pet play area. read […]
Existing Texas homes popular with foreign buyers
WASHINGTON (National Association of Realtors) – Texas is the third most popular state for foreign buyers shopping for existing U.S. homes. International buyers purchased $59 billion in U.S. residential properties from April 2021 to March 2022, up 8.5 percent from the previous year, breaking a three-year streak of declines. The average ($598,200) and median ($366,100) purchase prices by international […]
Pearlstone planning 48-story Austin high-rise
AUSTIN – Pearlstone Partners is planning a 48-story residential tower on two vacant tracts at 62 and 64 East Ave. The development will have 245 condominiums. Construction begins in 2023 and will wrap up in 2026. read more…
Should You Buy a Home with Inflation This High?
While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still going up. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that news may also leave you wondering: should I still buy a home right […]
Large-scale mixed-use development approved for Las Colinas
IRVING – The city council has approved a large-scale mixed-use development for Las Colinas. The more than 20-acre development will have 800,000 sf of office space, a couple hundred multifamily units, restaurants, and retail. The project site is along Lake Carolyn within the Las Colinas Urban Center northeast of SH 114. read more…
Athens Gates trades hands
EL PASO – Greysteel has brokered the sale of Athens Gate, a 233-unit multifamily complex at 4554 Hercules Ave. Athens Gate comprises one- and two-bedroom units ranging from 404 to 746 sf. The community has a pool, playground, volleyball court, and outdoor grilling stations. read more…
Carolina Beverage Group adds 494k sf of industrial at AllianceTexas
FORT WORTH – Carolina Beverage Group has signed a 493,920-sf lease expansion at AllianceTexas. The company now occupies 695,124 sf there. The newly leased space includes 36-foot clear heights, 135-foot truck court depths, and ample trailer parking. read more…
Plans revealed for multifamily, retail project in northeast Austin
AUSTIN – Cadence McShane is bringing a 378-unit multifamily housing and retail development to 13621 Lyndhurst St. The development comprises two four-story buildings. The first will have 165 units and 2,000 sf of retail space, the second will have 213 units and 5,000 sf of retail space. Amenities include two fitness centers, electric vehicle charging […]