AUSTIN – Utah-based REIT Extra Storage Space has acquired Woodland Self Storage at 1620 S. I-35. Built in 2019, the 92,288-sf climate-controlled facility has 952 units ranging from 25 to 300 sf. It was 70 percent occupied at the time of sale. JLL brokered the deal. Endeavor Real Estate Group was the seller. The Texas Real Estate […]
DALLAS – Riad Tile has signed a 49,000-sf industrial lease at 5200 E. Grand Ave. Built in 1952, the property spans 344,000 sf. Cresa represented the tenant. Holt Lunsford Commercial represented the landlord, Frontier Equity. The Texas Real Estate Research Center has more on DFW’s industrial market: Texas Quarterly Commercial Report Dallas-Fort Worth-Arlington industrial news Source: REBusiness Online read more…
When the pandemic hit in 2020, many experts thought the housing market would crash. They feared job loss and economic uncertainty would lead to a wave of foreclosures similar to when the housing bubble burst over a decade ago. Thankfully, the forbearance program changed that. It provided much-needed relief for homeowners so a foreclosure crisis […]
BAYTOWN – McNair Interests and Pontikes Development are developing a 337,000-sf facility for FedEx Ground. The project will be in the Port 10 Logistics Center off I-10 and SH 330. It will include hundreds of parking spots. FedEx will begin operations at the site in November. Get more Houston-area industrial news on the Texas Real Estate Research Center’s website: […]
FORT WORTH – TA Realty has purchased The Elm at River Park, a 293-unit multifamily complex at 2500 River Park Dr. The community has one-, two-, and three-bedroom floor plans ranging from 680 to 1,487 sf. Amenities include a game lounge, resort-style pool, dog park, pet spa, fitness center, and business center. San Antonio-based Embrey was […]
ROCKWALL – Chewters Chocolates is building a $100 million, 189,000-sf facility in Rockwall Technology Park. The project will have four chocolate production lines, warehouse space, office space, and small retail store. It will create 120 jobs. DB Constructors is handling construction. Work begins at the end of the year and will wrap in 2024. The Texas Real Estate Research Center […]
AUSTIN – Global Student Accommodation has purchased Waterloo Tower, a 796-bed student housing community at 2400 Seton Ave. Built in 2020, the 30-story tower has one- to six-bedroom floor plans ranging from 286 to 1,695 sf. It will be renamed Yugo Austin Waterloo. Amenities include a coffee shop, spin studio, fitness center, pool, hot tub and sauna, and private study […]
HOUSTON – Excelsa Properties has sold Bend at Oak Forest, a 392-unit apartment community at 4000 Watonga Blvd. The property has one- to three-bedroom units and amenities such as a pool, business center, fitness center, and coffee bar. Excelsa acquired the garden-style property in summer 2019 in partnership with GoldCor Capital Partners. The partnership upgraded roofing, landscaping, and parking areas […]
DRIPPING SPRINGS – Long View Equity and Endeavor Real Estate Group have purchased 5.6 acres for Sawyer Ranch, a 27,000-sf commercial project. The property will have 13,000 sf of office space and 14,000 sf of retail space. Sawyer Ranch is currently 55 percent preleased. Construction starts in first quarter 2023 and will wrap by fourth quarter […]
Some Highlights The housing market is shifting away from the intensity of the past two years. Here’s what experts project for the remainder of 2022. Home prices are forecast to rise more moderately than last year. Mortgage rates will respond to inflation, and home sales will be more in line with pre-pandemic years. Let’s connect […]
