MISSION – AZTEX RE Investments LLC has purchased Bella Rose, an 84-unit apartment complex at 816 Travis St. Built in 2008, the property has amenities such as a pool, fitness center, and onsite maintenance. The buyer will combine Bella Rose with a neighboring 80-unit property it purchased earlier this year. The Texas Real Estate Research Center has a wealth of […]
Some Highlights If you’re buying a home, here’s what you should know about your home inspection and why it’s so important. A home inspection is a crucial step in the homebuying process. It assesses the condition of the home you plan to purchase so you can avoid costly surprises down the road. Let’s connect so […]
WAXAHACHIE – Kalterra Capital Partners is developing The Fitzgerald, a 184-unit multifamily property. The seven-acre complex opens in second quarter 2023. Rowan Properties purchased The Fitzgerald but retained Kalterra for its development. The Texas Real Estate Research Center has more multifamily news online for free: Texas Quarterly Apartment Report Dallas-area multifamily news Source: REBusiness Online read more…
AMARILLO – Create Space Storage, a 31,912-sf, 278-unit self-storage facility, has been sold. Berkshire Hathaway brokered the deal. The Texas Real Estate Research Center has more news like this: “Shifting Winds: Amarillo’s Housing Market Slowdown” Amarillo real estate news Source: REBusiness Online read more…
CORPUS CHRISTI – New York City-based Castle Lanterra has sold two area multifamily properties totaling 570 units. The 350-unit Baypoint was built in 1998 and has boat parking, a dog park, pool, sports court, and fitness center. Azure is a 220-unit community built in 1997. It has one-, two-, and three-bedroom units and Class A amenities. Castle Lanterra acquired the assets in […]
NEWPORT BEACH, Calif. – Despite strong increases since 2020 and 2021, building materials prices rose by only 0.4 percent in July, according to the Producer Price Index (PPI) from the Bureau of Labor Statistics. Prices for softwood lumber increased marginally year over year in July, while prices for concrete products had their largest year-to-date increase in the […]
EDINBURG – A 61,000-sf medical office building has been sold. The three-story property was built on three acres in 2003. It was 99 percent leased at the time of sale. Coldwell Banker Commercial arranged the sale. The Texas Real Estate Research Center has a wealth of economic information online for free. Down in the Valley: McAllen-Edinburg-Mission Texas Border […]
Whether you’ve just retired or you’re thinking about retirement, you may be considering your options and trying to picture a whole new stage of your life. And you’re not alone. Research from the Retirement Industry Trust Association (RITA) shows 10,000 Baby Boomers reach the typical retirement age (65) every day, and only 47% of the […]
TEXAS – Four skilled nursing facilities in Waco, Houston, and Fort Worth were sold for $28 million. The properties, which were all built in the 1960s, total 704 beds. The new owner will lease the facilities to multiple operators. Blueprint Healthcare Real Estate Advisors marketed the properties for sale. Get more Houston-area medical news on the Texas Real […]
HOUSTON – The Brava, the city’s tallest residential tower, has opened at 414 Milam St.. The 429,999-sf tower has 373 units ranging from 657-sf studios to 2,926-sf two-bedroom units. It also has penthouse units. Rents for non-penthouse units range from $1,914 to $6,325 per month, while penthouse units range from $8,589 to $13,727 per month. Amenities include a fitness center, spin studio, […]
