RICHARDSON – Venture Investment Partners has acquired The Shire at CityLine, an 83,256-sf retail and office property at 2600, 3610, and 3650 Shire Blvd. The Shire was 85 percent leased at the time of sale. Tenants include Sweeney Eye Associates, Dogtopia, Silver Fox, Shire Pediatrics, North Texas Dermatology, Anaya’s Seafood, Republic Title, Modern Dental, Ameriprise, […]
Archives: July 2022
450,000-sf GAF Energy Building coming to Georgetown
GEORGETOWN – California-based solar roofing company GAF Energy LLC is developing a 450,000-sf manufacturing, research, and office facility at the corner of I-35 and SE Inner Loop. The city council unanimously approved the $100 million project July 12. The facility could create at least 265 jobs over five years. Portman Industrial is handling construction. Completion is […]
Northeast Houston retail center sells to South Florida investor
HUMBLE – JBL Asset Management of Florida has purchased Humblewood Shopping Center from Forge Capital Partners. The 163,897-sf power center at 19611 US 59 is anchored by Conn’s and Petco. Other tenants include Michaels, DSW, Five Below, Texas State Optical, Sketchers, GameStop, Honey Baked Ham, Jason’s Deli, Smoothie King, IHOP, Humble Nails, Gadget MD, and Ace Cash Express. JLL represented the seller. read […]
Austin’s luxury home market catching up with Houston, DFW
COLLEGE STATION – Sales of luxury homes – those priced at $1 million or more – have risen significantly from pre-pandemic levels in Texas’ four largest metros, with Austin showing particularly strong momentum. The number of luxury homes sold in Austin in the first five months of 2022 was almost twice the number sold there […]
Houston industrial demand outpaces supply for fifth consecutive quarter
HOUSTON – Second quarter 2022 marked the fifth consecutive quarter that demand for local industrial space outpaced supply, a streak not seen since 4Q2012. The latest market report from NAI Partners showed a net absorption of seven million sf and a supply of 3.4 million sf. Leasing was also strong again, with Houston recording its seventh quarter of more than ten […]
Why Pre-Approval Is a Game Changer for Homebuyers
If you’re planning to buy a home this year, you might have heard that pre-approval is a necessary step to take before starting out on your journey. But why is that? And is it still important in today’s shifting market? The truth is, getting a pre-approval letter from your lender is critical, and when it […]
The Moorings trades hands
LEAGUE CITY – Fogelman Properties of Memphis has acquired The Moorings at 601 Enterprise Ave. The 201-unit apartment complex has one- and two-bedroom units, a pool, game room, fitness center, outdoor lounge areas, and Amazon package lockers. The Moorings was 95 percent occupied at the time of sale. read more…
Partners Capital sells 40,094-sf Katy shopping center
KATY – Partners Capital has sold Royal Montreal Plaza, a 40,094-sf shopping center at 2004 S. Mason Rd. NAI Partners represented Partners Capital in the transaction. read more…
AHV Communities bringing single-family rental project to McKinney
McKINNEY – AHV Communities will develop a 157-unit single-family rental project on 38 acres along US 380. The project will have three- and four-bedroom homes with two-car garages and private backyards. Amenities will include a fitness center, dog park, pool, clubhouse, bocce ball/game court, and grilling and picnic areas. Construction is scheduled to begin in early 2023. […]
Presidium Berkshire begins leasing
FORT WORTH – Presidium has begun leasing Phase I of the 1,100-unit Presidium Berkshire multifamily complex. The first phase of consists of 340 units. The compex spans 352,000 sf. Amenities will include a pool, fitness center, bar, coworking lounge, dog park, and outdoor dining and grilling areas. O’Brien Architects designed the complex. Rent starts at $1,480 a month […]