DALLAS – MedCore Partners has acquired the Avenues of Park Forest, an 86-unit senior housing property at 3344 Forest Ln. The property offers assisted-living and memory-care services. It will be rebranded as The Grove on Forest Lane. Looking for more Dallas-area senior living news? The Texas Real Estate Research Center’s got you covered. Source: REBusiness Online read more…
DALLAS – A 1,252-unit self-storage facility at 2500 Lone Star Dr. has been sold. The three-story facility has 117,503 sf of rentable climate-controlled space. It was 50 percent occupied at the time of sale. The buyer, Madison Capital, will rebrand it as Go Store It. JLL represented the seller, CSW Development. Get more Houston-area news on the Texas Real […]
SAN ANTONIO – Hemisfair is developing a 28-story residential tower on Market St. next to the Hemisfair Hotel. The 360-unit apartment tower will have seven levels of parking and three stories of retail space. Amenities will include a gaming room, fitness center, rooftop deck, clubhouse, pool, and co-working spaces. The tower is part of a $340 million overhaul project by […]
HOUSTON – The Federal Emergency Management Agency (FEMA) has approved funding for The Inwood Forest Flood Mitigation Project. The project will convert the former Inwood Forest Golf Course into a flood-mitigation facility. The $55.3 million project will include 12 detention basins that will hold about 1,300 acre-ft of water. The city and Harris County Flood […]
HOUSTON – Midway is transforming the old ConocoPhillips campus into Watermark, a mixed-use development in the Energy Corridor District. The 70-acre campus will have Class A office and multifamily spaces, retail shops, restaurants, and boutique hotels. Get more Houston-area office news on the Texas Real Estate Research Center’s website: Houston mixed-use news Local office, hotel, and retail news Texas Quarterly Commercial Report Houston […]
WESLACO – Glazer Beer & Beverage will open a 250,000-sf distribution center in Mid Valley International Industrial Park. The company will anchor the 122-acre industrial park, taking up 25 acres, or roughly 20 percent of the development. The project will bring 200 jobs. The Texas Real Estate Research Center has a wealth of economic information online for free. […]
Since the 2008 housing bubble burst, the word recession strikes a stronger emotional chord than it ever did before. And while there’s some debate around whether we’re officially in a recession right now, the good news is experts say a recession today would likely be mild and the economy would rebound quickly. As the 2022 […]
MIDLOTHIAN – Work has wrapped on a $53 million renovation and expansion project for Midlothian Heritage High School at 4000 FM 1387. The project updated the main entrance and added a 185,000-sf academic wing with science labs, gyms, fine arts complex, and cafeteria. Construction began in summer 2020. The Texas Real Estate Research Center has more Dallas-area education news online for free. Source: […]
McKINNEY – Sphinx Development will open 380 Villas, a $65 million affordable housing project, in 2024. The 14-acre project will have 260 units composed of 36 studios and 82 one-bedroom, 120 two-bedroom, and 22 three-bedroom units. Rents will range between $866 and $1,400 depending on unit size and income restrictions. Units are reserved for those making less […]
IRVINE, Calif. – A report by Attom Data found that home-seller profits across the country fell as home prices declined for the first time in nearly three years. In 3Q2022, the profit margin on a median-priced single-family home or condominium was 54.6 percent, down from 57.6 percent in the second quarter. This came as the median […]
