Here’s Why the Housing Market Isn’t Going To Crash [INFOGRAPHIC]
Archives: March 2023
234K-sf DFW industrial project completed
HALTOM CITY – Development has been completed on Northmark Commerce Center, a 234,478-sf industrial project at Old Denton Rd. & North Beach St. Built on 20 acres, the cross-dock facility was designed by LGE Design Build and has 32-ft clear heights and 19 trailer parking stalls. Construction began in late 2021. Phoenix-based Creation developed Northmark […]
Denton 240-unit apartment community scooped up by new owner
DENTON – Canopy at South Lakes, a 240-unit apartment community at 500 I-35E, has been sold. The community has one-, two-, and three-bedroom floor plans. Amenities include a pool, volleyball court, clubhouse, coffee bar, and a package locker system. SPI Advisory acquired the property in February 2021. read more…
782-unit DFW multifamily portfolio sold
DALLAS – A portfolio of three multifamily properties totaling 782 units has been sold. The portfolio consists of: Mercer Park, a 248-unit property in Arlington built in 1984; Timber Oaks, an apartment complex totaling 264 affordable housing units in Grand Prairie built in 2003; and Plum Meadow, a 270-market-rate-unit apartment complex in the Redbird area, […]
Gordon Food Service opening six new stores in Houston area
HOUSTON – Gordon Food Service will open six new stores in metro Houston. The stores will span between 25,000 and 30,000 sf. Four stores are opening March 14th in Houston, Katy, and League City, with the other two stores opening in Houston at a later date. read more…
Work starts on $44 million Savoy in SA
SAN ANTONIO – Koontz Corporation has started early-stage work on The Savoy, a $44 million, 300-unit multifamily project. Construction on the four-story, 72,000-sf project is expected to wrap up in June 2023. Garcia + Associates is the architect. read more…
NewForm to renovate historic mixed-use building in downtown Houston
HOUSTON – NewForm Real Estate has acquired a historic building at 917 Franklin St. for renovation. Built in 1904, the six-story building has 35,000 sf of office space and 5,000 sf of retail space. Renovations will include upgrades to the façade, lobby, windows, restrooms, utility systems, and office suites. read more…
What Buyer Activity Tells Us About the Housing Market
Though the housing market is no longer experiencing the frenzy of a year ago, buyers are showing their interest in purchasing a home. According to U.S. News: “Housing markets have cooled slightly, but demand hasn’t disappeared, and in many places remains strong largely due to the shortage of homes on the market.” That activity can […]
JV snags 176-unit Richardson multifamily property
RICHARDSON – Riverwalk Apartments, a 176-unit apartment complex at 12920 Audelia Rd., has been sold to Midloch Investment Partners and WindMass Capital. Originally built in 198, the complex has one- and two-bedroom units. Amenities include a pool, fitness center, outdoor kitchen, package-handling service, and landscaped outdoor spaces. read more…
NRP Group breaks ground on 324-unit SA affordable housing
SAN ANTONIO – Cleveland-based affordability housing developer NRP Group has broken ground on Los Arcos, a 324-unit affordable housing community. It will be in the 600-acre VIDA mixed-use development. Residences will be reserved for those earning between 30 and 70 percent of the area median income. Amenities will include a pool, fitness center, community garden, business center, […]