HOUSTON – Contender Two LLC has sold a 60,000-sf office building at 11947 I-45 to the owner of a bilingual school. The six-story building is on 2.4 acres and was 29.5 percent occupied at the time of sale. read more…
Archives: April 2023
Bright Realty breaks ground on 147K-sf Lewisville office buillding
LEWISVILLE – Ground has broken on Crown Centre II, a four-story, 147,000-sf office building in the Castle Hills community at 1922 TX 121. As the second office building in the development, Crown Centre II will neighbor Crown Centre I. Delivered in 2020, Crown Centre I is currently 89 percent leased. On completion, the Crown Centre development […]
284-unit Austin apartment community sold
AUSTIN – Avia Equities has sold The Wayman, a 284-unit apartment community at 3101 Wells Branch Pkwy. The Wayman has one- and two-bedroom units. Amenities include a pool, coffee bar, and outdoor grilling and dining areas. read more…
Bridgestone MUD breaks ground on $20M park
HOUSTON – The Bridgestone Municipal Utility District (MUD) has broken ground on a $20 million park. The park will span 14 acres near MUD’s administrative building at 19720 Kuykendahl Rd. The project will have multiple children’s play areas for a variety of age ranges, a pavilion, and native plants. It will also have interactive play areas […]
TRERC economist: Hard recession for Texas? More like a 'soft landing'
DALLAS – Latest Texas Workforce Commission (TWC) numbers show the state’s job growth slowed from February to March, but researchers with the Texas Real Estate Research Center (TRERC) are optimistic about the state’s economic future. TRERC Research Director Dr. Daniel Oney said population growth and migration continue to bring demand for goods and services that creates […]
What Are the Experts Saying About the Spring Housing Market?
The housing market’s been going through a lot of change lately, and there’s been uncertainty surrounding what will happen this spring. You may be wondering if more homes will go on the market, what’s next with home prices and mortgage rates, or what the best advice is for someone in your position right now. Here’s […]
Premier Place multimillion-dollar renovation, expansion completed
DALLAS – Glenstar Properties has completed its multimillion-dollar renovation and expansion of Premier Place, a 457,900-sf office building at 5910 N. Central Expy. Built in 1985, the property was purchased by Glenstar in late 2019. The project expanded the lobby, renovated the conference room, and added a 3,000-sf space for an indoor and outdoor tenant lounge with […]
234K-sf industrial property in northwest Houston sold
HOUSTON – Frontera Capital Partners has sold a 234,215-sf industrial building. The building is on 15 acres at 4414 Hollister Rd. and has 25-ft clear heights, 150-ft truck court depths, 25 dock-high doors, 155 car parking spaces, and 2.5 acres for additional parking or outdoor storage. Avison Young represented the seller. Transwestern represented the undisclosed buyer. read more…
Investment company acquires $40M Clear Lake retail portfolio
CLEAR LAKE – Ashita Investments has acquired more than 175,000 sf of retail and restaurant space. The $40 million portfolio spans 33 acres of I-45 frontage at Baybrook Mall. read more…
Hermann Park to get $52 million renovation
HOUSTON – The Hermann Conservancy is about to spend $52 million on a makeover of Hermann Park. The renovations are part of the conservancy’s “Play Your Park” campaign. The focus of the campaign is the Commons, a 26-acre area in the park’s southwest corner, and the project will include restoration of natural habitats. It will also include the development […]