LIVE OAK – Whiting-Turner Construction has broken ground on Alterman’s 19.7-acre headquarters campus. Phase one includes a 199,765-sf facility designed by Studio8. At buildout, the campus will have office space, a logistics building, and outdoor amenities. Completion is slated for early 2024. The Texas Real Estate Research Center has more on San Antonio’s office market: San Antonio-New Braunfels office news Texas […]
SAN ANTONIO – Sovereign Properties and Invest Capital Group have broken ground on Atlantica at Alamo. The garden-style community will be on 12.5 acres at 5415 Alamo Pkwy. It will have 375 units across eight four-story buildings. Atlantica at Alamo will have one-, two-, and three-bedroom floor plans and 638 parking spaces. Amenities will include a pickleball […]
Some people believe there’s a group of homeowners who may be reluctant to sell their houses because they don’t want to lose the historically low mortgage rate they have on their current home. You may even have the same hesitation if you’re thinking about selling your house. Data shows 51% of homeowners have a mortgage […]
IRVING – DFW Park 161 AMZL, a 219,000-sf industrial property at 3000 SH 161, has been sold. Constructed in 2022 as a build-to-suit for Amazon, the property is on 55.7 acres with 1,440 parking spaces and 9.3 percent office finish. JLL represented the seller, a joint venture between Perot Development Co. and Invesco Real Estate. The Texas Real […]
RICHARDSON – The Innovation Quarter Headquarters, a 27,500-sf incubator at 1302 E. Collins Blvd., has opened. The project is leased in partnership with the University of Texas at Dallas. The addition anchors the 1,200-acre Innovation Quarter business park. The Texas Real Estate Research Center has more on DFW real estate news: Local office news Texas Quarterly Commercial […]
AUSTIN – Foundation Communities is turning the Townplace Suites at Marriott into an affordable housing community called Balcones Terrace. The $26.5 million project will have 123 efficiency units. Thirty-one will be for those earning at or below 30 percent of the median family income, 31 for those at or below 40 percent, and 61 for those at or below […]
HOUSTON – DLP Capital and ORP Investments have acquired Elan Memorial Park at 920 Westcott St. The mixed-use community has retail space and 297 multifamily units. Apartment amenities include a pool, rooftop lounge, outdoor firepit and grilling area, clubhouse with gaming center, fitness center, bike storage, and indoor dog spa. The new owners will renovate the property, including […]
MONTGOMERY – Construction has started on Magnolia Springs, a 665-acre residential community. Phase 1 includes 226 lots. Homes will start in the $240,000s. When complete, Magnolia Springs will have 2,000 homes, 175 acres of green space, and retail. First America Homes, Rausch Coleman Homes, and Century Communities are the builders. The Texas Real Estate Research Center has more […]
CONROE – Lovett Industrial and Cresset Partners have broken ground on NorthPort Logistics Center, a 1.2 million-sf logistics project. The Class A facility will be on 75 acres within Conroe Park North. It will have 224 dock-high doors, 190-ft truck court depths, 40-ft clear heights, and at least 273 trailer parking stalls. Powers Brown Architecture is designing the […]
ROCKPORT – While area home sales were down so far this year, median home prices saw a double-digit increase, according to Coldwell Banker The Ron Brown Company’s The Swearingen Report. Residential property sales—including townhomes, condos, and single-family homes—totaled 648 for the 12 months ending August 2022. That’s down 10 percent from last year. Total dollar value also dropped, falling 1.1 […]
