MESQUITE – The city council has approved a 235-acre retail and business development off I-20 at Lawson and Lasater Roads. The site will include 180,000 sf of retail space and 3.2 million sf of industrial, business, and logistics space. 42 Real Estate and SLJ Company are developing the project. Construction begins in early 2024. The Texas Real […]
AUSTIN – Habitat for Humanity has received a $4 million loan from the Austin Community Fund to construct 150 affordable single-family homes. The homes are designated for residents making from 60 percent to 120 percent of the area median income. Donors include St. David’s Foundation, Tito’s Handmade Vodka, Bill Wood Foundation, Shield Ayers Foundation, and […]
COLLEGE STATION – Aggie Park, a $35 million project on the Texas A&M University main campus, will open Sept. 2. Features of Aggie Park include a two-tiered pond, performance pavilion, and creamery. The Texas A&M Association of Former Students began work on the park in 2020. A second phase will include an Aggie Ring Program facility. […]
SAN ANTONIO – Kansas City, Mo.-based Northpoint Development is developing a 2.2 million-sf industrial park east of downtown. The Foster Commerce Center will be a six-building development built in phases. Phase one includes two buildings totaling 650,000 sf. The project will create over 1,000 permanent jobs and 950 construction jobs. Construction begins this summer. Stream Realty Partners will […]
EAGLE PASS – Holly Apartments, a 136-unit multifamily property at 1925 N. Veterans Blvd., has been sold. Built in 1975 and renovated in 1996, the property has a pool, outdoor grilling and picnic areas, playground, and basketball court. Northmarq represented the buyer and arranged acquisition financing. The Texas Real Estate Research Center has more information like this online for free: […]
There’s no doubt about the fact that the housing market is slowing from the frenzy we saw over the past two years. But what does that mean for you if you’re thinking of selling your house? While home prices are still appreciating in most markets and experts say that will continue, they’re climbing at a […]
HUMBLE – New York-based Sunsail Capital and Dallas-based ZaneCRE have purchased Sarah at Lake Houston. Completed in 2020, the 350-unit apartment community is at 17571 W. Lake Houston Pkwy. Newmark brokered the transaction and secured financing. The Texas Real Estate Research Center has more information like this online for free: Texas Quarterly Apartment Report Houston multifamily news online Source: Realty […]
HOUSTON – Overall local office vacancy was at 25.4 percent in July 2022, up 80 basis points from July 2021, reports NAI Partners. Availability was at 29.8 percent, up 70 basis points from last year. The difference between this figure and the vacancy rate reflects expected future move-outs. So far this year, the local office market has recorded […]
AUSTIN – Brookfield Residential Properties has broken ground on a 25-acre park within the Easton Park master-planned community. Skyline Park will include a splash pad, open lawn, public art, and two playgrounds. Construction will be complete in late 2023. The Texas Real Estate Research Center has more Austin real estate news online for free. Source: The PR Boutique read more…
SAN ANTONIO – Vantage Communities has sold Vantage O’Conner, a 288-unit multifamily complex at 502 N. Loop 1604 E. Opened in 2020, the property has one-, two-, and three-bedroom options ranging from 605 to 1,150 sf. It was 96 percent occupied as of first quarter 2022. Institutional Property Advisors represented the seller. The Texas Real Estate Research Center has […]
