MIDLOTHIAN – Construction has begun on a new residential development that will bring 2,000 homes. BridgeWater will be on almost 1,000 acres off US 287 and Walnut Grove Rd. In addition to homes, it will have retail and restaurants. Hanover Property Co. is the developer. Homebuilders will include Highland Homes, American Legend Homes, Perry Homes, and John Houston Homes. Homes will be built […]
Archives: May 2023
Affinius Capital sells 142K-sf northwest SA office building
SAN ANTONIO – Real estate company Affinius Capital—formerly USAA Real Estate Co.—has sold its office building at 9830 Colonnade Blvd. to local investors SageView Partners. The 142,000-sf building houses Affinius’ headquarters. The site was recently assessed at just under $28 million, according to the Bexar County Appraisal District. This is the second property sale from Affinius in […]
Number of first-time Texas homebuyers declining
AUSTIN – Texas had fewer first-time homebuyers last year than in previous years, according to the Texas Realtors’ 2023 Texas Homebuyers and Sellers Report. New buyers accounted for 24 percent of homebuyers between July 2021 and June 2022, down from 32 percent the year before and 39 percent a decade ago. The median household income for Texas homebuyers was $110,000, $22,000 more […]
Why Buying a Vacation Home Beats Renting One This Summer
For many of us, visiting the same vacation spot every year is a summer tradition that’s fun, relaxing, and restful. If that sounds like you, now’s the time to think about your plans and determine if buying a vacation home this year makes more sense than renting one again. According to Forbes: “. . . […]
3,000-home active adult community developed near Lake Conroe
WILLIS – Caldwell Communities has developed Chambers Creek, a more-than-3,000-home active adult community at 14940 Chambers Creek Dr. The project includes an 18-hole putting course designed by Tom Lehman and infrastructure specifically designed for golf carts. The golf course is part of a larger 93-acre multifunctional park space named Lehman Park that has 20 miles of […]
B Positive! Blood donation center to occupy 18K-sf in Beaumont retail center
BEAUMONT – BioLife Plasma Services has signed an 18,000-sf lease at Beaumont Crossroads Shopping Center. Sturbridge Commercial Real Estate represented the landlord in the lease negotiations, while JLL represented the tenant. read more…
Harbor Hill buys 25K-sf Houston industrial building
TOMBALL – Harbor Hill Holdings has acquired a 25,000-sf industrial building at 1302 S. Cherry St. Built in 1980, the building sits on 6.7 acres and has 30-ft clear heights. Partners Real Estate represented the seller, Timber Trails Business Park LLC, and procured the buyer. read more…
Houston Spaceport launches phase two
CLEAR LAKE – The Houston Spaceport along Space Center Blvd. has a major expansion underway as it enters its second phase. Phase one, which entailed filling 150 acres with the necessary infrastructure to host aerospace companies, was completed in 2019 for $24 million. Expected to break ground in the next two to 18 months, phase two […]
Natalia 'Love's' new 252K-sf distribution center
NATALIA – Love’s Truck Solutions will open a 252,500-sf distribution center later this year. The $23 million facility will house a tire warehouse, temperature-controlled storage space and 5,500 sf of office space. The development will have two drive-up doors, 24 full docks and four overhead doors. Construction is underway and expected to be complete this […]
Wade Park resurrected after five years
FRISCO – Construction will restart next month at stalled Wade Park. The $2 billion project was renamed The Mix and will include housing, offices, retail, and hotels. Gamma Real Estate seized the 175-acre property after debt defaults, halting construction in 2019. They partnered with JVP Management on the project. A medical office will be the first building […]