AUSTIN – The median price of homes sold in Texas in the second quarter decreased 3.1 percent from a year ago, according to the Texas Realtors’ 2Q2023 housing report. During that time, the number of closed sales also decreased, while the number of homes available for sale increased. “While the statewide median price eased down, median prices are actually […]
Archives: July 2023
Nashville firm planning large mixed-use project on Kirby
HOUSTON – Southern Land Co. is planning a large mixed-use project on a two-acre site at 2811 Kirby Dr. The Nashville-based firm purchased the land in March. Plans call for a 36-story apartment tower and a shorter second building with 75,000 sf of office space and 22,000 sf of rooftop and ground-floor restaurant and retail space. The site previously housed a […]
$17.4 million amendment approved for design costs of downtown Waco parking garage
WACO – The downtown Tax Increment Financing (TIF) board has approved an extra $17.4 million for the riverfront parking garage next to the new Baylor University basketball arena. The funding request, which came from the City of Waco, brings the TIF’s total contribution to the riverfront project to about $133 million. The amendment covers a $9.5 […]
Austin, Houston office development highlighted in new report
Santa Barbara, Calif. (CommercialEdge) – Halfway through the year, Austin led the nation in office development on a percentage-of-stock basis. Underway projects there represent 6.9 percent of the city’s existing inventory, according to the CommercialEdge’s July U.S. office market report. Construction of more than 1.5 million sf started in Austin this year, the most of any market in […]
Don’t Fall for the Next Shocking Headlines About Home Prices
If you’re thinking of buying or selling a home, one of the biggest questions you have right now is probably: what’s happening with home prices? And it’s no surprise you don’t have the clarity you need on that topic. Part of the issue is how headlines are talking about prices. They’re basing their negative news […]
Boston-based investor buys Celina rental community
CELINA – A Boston-based investor has purchased a 12-acre rental community, bringing its number of Texas apartments to 1,900. The Livano at Bluewood, now named Atlas Bluewood, has 272 units, a resort-style pool, designer clubhouse, 24-hour fitness center, and green space. Located at 2600 Kinship Pkwy. east of Preston Rd., its units average 1,000 sf. Rents start at […]
26 acres on Panther Island sold to real estate company
FORT WORTH – Nine parcels on Panther Island were sold to an Austin-based real estate company. With the acquisition, the company is the largest capital investor on Panther Island. Seco Ventures purchased the 26 acres in Upstream valued at $6.77 million. Several parcels are adjacent to a planned canal or waterfront. LanCarte Commercial represented the seller, […]
New Braunfels seeing increase in foundation repair permits
NEW BRAUNFELS – Following continued growth on the east side of the city and ongoing drought conditions, New Braunfels has seen a significant increase in the number of residential foundation repair permits filed over the past several years. Permits filed in New Braunfels for foundation repairs increased by nearly 118 percent from 2018 to 2022, according […]
1.28M-sf industrial center under development outside Baytown
HOUSTON –Provident Realty Advisors Inc. is developing a two-building, 1.28 million-sf distribution center on 104 acres between the Grand Parkway and FM 2345. Called Port 99, the $124 million project will consist of a one million-sf cross-dock warehouse with 40-ft clear height and a 255,960-sf front-load building with 32-ft clear height. The project will have a […]
28K-sf Uptown Plaza sold in Houston
HOUSTON – Pine Ridge Real Estate has acquired Uptown Plaza, a 28,000-sf retail center on 2.7 acres at 4715 Westheimer at Loop 610. Built in 2012, the center was fully leased at the time of sale. JLL represented the seller in the transaction. read more…