If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares:
FORT WORTH – Work has started on a $45 million renovation of the 403-room Sheraton Fort Worth Downtown Hotel at 1701 Commerce St. Opened in 1974, the hotel currently has 25 suites with the renovation adding 12 more. The project will also include upgrades to the entryway, lobby and amenity spaces, private and conference-style workspaces, and the addition […]
MONTGOMERY – April Plaza Marina, a five-acre marine facility at 17742 SH 105, has been sold to TopSides Marina. The facility has boat storage, boat rentals and slips, and a boat store. Get more Houston-area news on the Texas Real Estate Research Center’s website: Texas Quarterly Commercial Report Houston-The Woodlands-Sugar Land retail news Source: Connect CRE read more…
CYPRESS – McCarthy Building Cos. has completed vertical construction on a 106-acre hospital campus for the Houston Methodist health system. The campus will include a seven-story, 570,700-sf hospital connected via sky bridge to two medical office buildings totaling 320,000 sf. The development will include a utility plant and several open green spaces. Work began in 2022 and will wrap […]
MANOR – Ultra Hospitality LLC is developing a pair of hotels on 6.1 acres. The four-story, 57,600-sf Hampton Inn & Suites will have 100 rooms and cost approximately $11.5 million. Construction begins this June and will wrap in July 2024. The four-story, 57,400-sf Towneplace Suites will have 96 rooms and cost approximately $12 million. Construction begins in July and will be complete by August 2024. […]
HUTTO – EVO Entertainment is building a $25 million, 53,300-sf venue within Townwest Commons. The venue will have eight theaters, ten bowling lanes, 7,200 sf of gaming space, a bar/lounge area, patio, and private event space. Work starts this spring with opening set for spring 2024. The Texas Real Estate Research Center has more industrial news for Austin-Round Rock: Texas […]
AUSTIN – The Morgan Group Inc. is developing Pearl Burnet MF, a seven-story, 400,543-sf multifamily property at 11901 Burnet Rd. Designed by STG Design, the 345-unit tower will have a four-level parking garage. Construction on the $70 million project begins March 17 and will wrap up in February 2025. The Texas Real Estate Research Center has more news like this online […]
Last year, the housing market slowed down in response to higher mortgage rates, and that had an impact on home prices. If you’re thinking of selling your house soon, that means you’ll want to adjust your expectations accordingly. As realtor.com explains:
SHERMAN – Homestead of Sherman, a 132-bed skilled nursing facility at 1000 E. Sara Swamy Dr., has been sold. The community spans 39,211 sf across five acres. Senior Living Investment Brokerage represented the seller. Head to the Center’s website for more Sherman-Denison real estate news. Source: REBusiness Online read more…
WILMER – A one million-sf industrial lease has been signed at Southport Logistics Park. The tenant will occupy Building 3 in Logistics Property Co.’s 252-acre development. The building has 40-ft clear heights, 354 parking spaces with expansion up to 724, and 164 trailer parking spaces with expansion up to 197. CBRE brokered the deal. The Texas Real […]
