MONTGOMERY – Shea Homes has acquired 430 acres along FM 1486 for a residential community. Construction on the 1,000-home community will take about eight years. Sales will begin in 2025 NewQuest Properties represented the seller, Crown Ranch Development LTD. Texas Land and Commercial Properties represented the buyer. The Texas Real Estate Research Center has more information on housing: […]
Archives: January 2023
Midtown Dallas multifamily property sold
DALLAS – The Ascent at Midtown, an 81-unit multifamily property at 6431 Ridgecrest Rd., has been sold. Built in 1980, the complex has one- and two-bedroom units. Wellington Realty brokered the deal. 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…
Allen office building welcomes new owner
ALLEN – Sol-Ark has purchased a 115,200-sf office building at 805 S. Central Expy. The building was built in 1998. Cushman & Wakefield represented the seller, Gladstone Commercial. Middendorf Commercial Real Estate represented Sol-Ark, who will take full occupancy of the building. The Texas Real Estate Research Center has more on DFW real estate news: Local office news Texas […]
Why You Shouldn’t Fear Today’s Foreclosure Headlines
If you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. There’s no doubt, the stories in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows a foreclosure […]
McAfee moving regional HQ to Lone Star State
FRISCO – McAfee is moving its regional headquarters from California to Texas. The company will occupy facilities in The Star complex starting in mid-2023. They will share the site with tenants like the Dallas Cowboys. The Texas Real Estate Research Center has more on DFW real estate news: Local office news Texas Quarterly Commercial Report Source: Connect CRE read more…
USAHS opens 55K-sf mixed-use Irving facility
IRVING – The University of St. Augustine for Health Sciences has opened a 55,050-sf academic and office facility in Las Colinas. The facility is in the former Zale Corp. headquarters building. A 20,979-sf expansion is planned. Classes at the facility began earlier this month, and a ribbon-cutting ceremony will be held Wednesday, Jan. 25. Savills represented the […]
Industrial complex coming to Cedar Park
CEDAR PARK – Prologis Inc. is building a five-building industrial complex on 75 acres along Brushy Creek Rd. The 68-acre and seven-acre parcels were sold by National Instruments Corp. Construction begins in spring or early summer with completion slated for 2024. The Texas Real Estate Research Center has more industrial news for Austin-Round Rock: Texas Quarterly Commercial Report Local industrial […]
Austin getting $53 million affordable housing project
AUSTIN – Austin Housing Finance Corporation, The Vecino Group, and Caritas of Austin are developing a $53 million affordable housing project. Called The Libertad Austin, the project will have 198 units across three four-story buildings at 900 Gardner Rd. It will have 50 one-, 95 two-, and 44 three-bedroom floor plans ranging from 653 to 1,052 sf. Most apartments will be reserved […]
165-site RV park opens near Texas Medical Center
HOUSTON – Jetstream RV Resort at The Med Center, an RV park at 2929 W. Orem Dr., has opened near the Texas Medical Center. The park includes 165 sites across 15 acres. Amenities include a pool, clubhouse, outdoor grilling and dining areas, fitness center, business center, beer garden, putting green, dog wash, shuffleboard courts, onsite laundry […]
JV snags East Texas self-storage portfolio
HOUSTON – Eight self-storage facilities totaling 1,440 units have been sold. The portfolio spans 237,735 sf across Wylie, Hallsville, Flint, Longview, and Carthage. Marcus & Millichap represented the seller and procured the buyers, LandPark Advisors and Sunset Capital. For more Texas retail news, head to our website. Texas retail news Texas Quarterly Commercial Report Source: REBusiness Online read […]