LEAGUE CITY – A $1.8 million drainage project designed to prevent flooding in The Meadows subdivision will get underway in about five months. Two feet of capacity will be added to the drainage channel that runs through the neighborhood, allowing the subdivision to drain more efficiently, city officials said. An overflow swale, a shallow open channel, designed to capture […]
Archives: June 2023
Lending Standards Are Not Like They Were Leading Up to the Crash
You might be worried we’re heading for a housing crash, but there are many reasons why this housing market isn’t like the one we saw in 2008. One of which is how lending standards are different today. Here’s a look at the data to help prove it. Every month, the Mortgage Bankers Association (MBA) releases […]
Engineering company inks 165K-sf Energy Corridor lease
HOUSTON – Hargrove Engineers & Constructors has signed a long-term lease for 80,500 sf on four floors at 15415 Katy Fwy. Built in 1983, the office campus has a roughly 165,000-sf office tower, two smaller annex buildings totaling about 35,000 sf, and a parking garage. Hargrove will move in second quarter 2024. Partners Real Estate represented the […]
Sugar Land's Cullinan Park to undergo $90K renovation
SUGAR LAND – The city has made plans for a second phase of improvements at Cullinan Park. This phase includes the construction of 1.2 miles of trails made from concrete and decomposed granite, in addition to 30 head-in parking spaces along the park’s entry road and 45 spaces that will be nestled in the woods […]
Waco testing water for lead, copper
WACO – Waco Water Services is taking inventory of their water lines, as recommended by the Environmental Protection Agency, to make sure the city’s water supply has not been contaminated by lead or copper. If a customer service line is deemed unusable, the city will provide a pitcher and filters to reduce lead exposure. However, the […]
Major East El Paso County road rehab underway
EL PASO – East El Paso County has begun an improvement project along Horizon Blvd. Construction starts at the Horizon Blvd. intersection with N Loop Dr. and ends at Ascension St. Traffic on Horizon Blvd. between Peyton Rd. and Darrington Rd. will be shifted to two-way traffic on the eastbound lanes to construct the westbound lanes, […]
$45 million entertainment, retail complex coming to Midland
MIDLAND – Charles Hodges Developmental Services has received unanimous zoning approval from the city’s planning and zoning commissioners for a new retail and entertainment complex. The Regional Retail District will be on more than 17 acres at SH 191 and SH 158. It is projected to cost $45 million. The Midland Development Corp. has agreed to contribute $5 million to fund road infrastructure, including an east-west extension […]
Grandscape apartment tower sold in The Colony
THE COLONY – A 345-unit apartment tower was sold in the Grandscape development. The Live Grandscape includes pools, exercise facilities, dog park, indoor recreation room and theater, and a coworking space. Monthly rent starts at $1,600. The building is south of SH 121 near the Nebraska Furniture Mart. The 14-story tower was purchased by Manhattan-based […]
Nation's largest Asian grocery chain to build Dallas location
DALLAS – H Mart, the country’s largest Asian grocery chain, will begin construction next year on a 70,000-sf Korean grocery store. The $28 million project will include gutting the existing building at 2534 Royal Ln. and adding a second floor as office space. Construction begins in January and will end in December 2025. The city approved $3.5 million in incentive for the project. Under […]
Texas legislative session results in potential TREC form changes
AUSTIN – The Texas Real Estate Commission’s Broker-Lawyer Committee (BLC) met earlier this month to discuss potential contract forms changes needed because of the 88th Texas Legislative Session. Seller’s Disclosure Notice HB 697 updates the Seller’s Disclosure Notice required under section 5.008, Texas Property Code. The bill adds language to the Seller’s Disclosure Notice requiring a seller to disclose the […]