HOUSTON – Champions School of Real Estate will host career fairs for new and aspiring real estate agents at its various campuses May 12 from 10 a.m. to 2 p.m. The fair is an opportunity for real estate students and new agents to interact with potential sponsoring brokers. Fairs will be at Champions’ campuses in Austin, Dallas, Fort Worth, and San Antonio, and […]
Archives: May 2023
CBRE: Austin industrial still strong after record year
AUSTIN – Following a record-breaking 2022, demand for industrial product continued to drive local market fundamentals in first quarter 2023, reports CBRE in its latest market update. CBRE tracked over one million sf of positive net absorption in the first three months of the year, roughly keeping pace with positive net absorption during first quarter 2022. Developers […]
5Point leasing in mixed-use Magnolia Village
MAGNOLIA – 5Point Credit Union has signed a 41,000-sf ground lease with Gulf Coast Commercial Group at Magnolia Village. The mixed-use project is currently under construction and will ultimately span 60 acres at FM 1488 and Spur 149. Delivery is slated for September. Andronis Realty represented the tenant. read more…
CWD case confirmed in Sutton County
AUSTIN – A new case of Chronic Wasting Disease (CWD) has been confirmed in a deer breeding facility in Sutton County. This case marks the first detection of the disease in the county. Last month, two new cases were confirmed in Hamilton and Frio Counties. Initial investigations indicate ten additional breeding facilities and 18 release sites […]
CBRE: SA office market fundamentals soften
SAN ANTONIO – The local office market had negative net absorption of over 86,000 sf and a quarterly vacancy increase of 140 basis points to 18.5 percent in first quarter 2023, according to CBRE’s latest market survey. “The overall slowdown in the office market is largely attributed to USAA’s downtown departure at Bank of America […]
The Impact of Inflation on Mortgage Rates
If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve (the Fed). But what does it mean for you, the housing market, and your plans to buy a home? Here’s what you need to know. Inflation and the Housing Market While the Fed’s working hard […]
Aubrey 378-unit apartment community trades hands
AUBREY – Mezzo, a 378-unit apartment community at 703 FM 1385, has sold. Built on 15 acres, the property has 13 buildings. Units come in one-, two-, and three-bedroom floor plans ranging from 700 to 1,560 sf. Amenities include a pool, fitness center, lounge, coworking spaces, game room, and dog park. Harbor Group International purchased Mezzo, […]
408-unit residential community begins construction near Dallas
PRINCETON – Core Spaces has begun construction of Oxenfree at Princeton, a 408-unit build-to-rent residential community at 1525 FM 982. Built on 50 acres, the development will have a mix of single-family homes and townhomes. Oxenfree at Princeton will also have a central amenity center with a coworking space, health club, market, lounge, pool, and children’s […]
Dallas multifamily property Wyndham welcomes new owner
DALLAS — Wyndham on the Creek, a 150-unit multifamily property at 9633 W. Ferris Branch Blvd., has been sold. Built in 1984, the property has one- and two-bedroom units ranging from 603 to 1,100 sf. Amenities include a pool, clubhouse, business center, and onsite laundry facilities. Northmarq brokered the deal between the seller and the buyer, a […]
61K-sf Pasadena industrial facility sold
PASADENA – Grace Heritage Properties has acquired a 60,680-sf industrial property at 3321-3411 Westside Dr. Partners Real Estate represented the buyer. read more…