HEARNE – The Brazos Valley Groundwater Conservation District has issued 31 permits for new water wells, prompting concerns among residents who fear the potential depletion of their own wells. The permits allow permit holders to extract between 600 and 2,750 gallons per minute (gpm). Collectively, these permits grant a maximum of just over 38,000 gpm. Among the […]
Archives: July 2023
Real Estate Continues To Be the Best Investment [INFOGRAPHIC]
Some Highlights According to a recent Gallup poll, real estate has been voted the best long-term investment for 11 years in a row, beating gold, stocks, bonds, and more. Owning real estate means more than just having a home—it’s an investment in your future. That’s because it’s typically a stable and secure asset that tends […]
Frisco's first timber commercial building in a century tops out
FRISCO – The area’s first timber commercial building in almost a century has topped out. The seven-story, 242,000-sf Southstone Yards office building was constructed with mass timber beams and is the first and largest mass timber office building in North Texas. Developer Crow Holdings plans to complete it by the end of the year. The project is on the north […]
Luxury senior-living facility to open at La Cantera
SAN ANTONIO – Bella Vida at La Cantera is slated for 21 acres along I-10 north of Loop 1604, near the La Cantera Resort & Spa, Eilan Hotel and Spa, and Six Flags Fiesta Texas. The senior-living community will have more than 150 independent-living apartment homes and 40 villas with attached garages. Floor plans will range from 820 to […]
Kairoi to take over apartment complex
SAN ANTONIO – Local real estate developer Kairoi Residential has acquired the Signature Ridge apartment complex at 3711 Medical Dr., west of I-10. The company took out a $57.3 million loan from Berkeley Point Capital—a Newmark division—as part of the deal, according to Bexar County Records. The complex was recently appraised at $88 million by the Bexar County Appraisal […]
Tru by Hilton in downtown SA under new ownership
SAN ANTONIO – Local hotel tycoon BH Hospitality Management LLC has acquired a second downtown property, Tru by Hilton Downtown Riverwalk hotel, at 901 E. Houston St. The property was previously owned by local entity SAT 901 Star LLC. The firm took out a nearly $10 million mortgage from Broadway Bank as part of the acquisition, according to […]
350K-sf office building in the Energy Corridor to get renovation
HOUSTON – Broadshore Capital Partners will renovate Eldrige Oaks, a 14-story, 349,190-sf office building at 1080 Eldridge Pkwy. The renovation will update outdoor amenities and upgrade the first- and second-floor lobbies, conference center, and on-site food services. Common spaces will also be upgraded, and a tenant lounge will be added. IA Interior Architects and OJB […]
NewQuest breaks ground on first apartment complex in The Grand at Aliana
HOUSTON – NewQuest Residential has broken ground on its first multifamily project in The Grand at Aliana, a mixed-use development at the Grand Parkway and West Airport Blvd. Groundwork for the $62 million, 294-unit apartment complex has been completed. Vertical construction is slated to begin in late September. It will consist of 11 two- and […]
Native rangelands recovering, but drought remains
COLLEGE STATION – Early summer and subsequent rains helped Texas’ native rangelands bounce back from drought, but Texas A&M AgriLife experts warn ranchers that the more than 100 million acres of statewide grazing land they rely on may still be recovering. Native rangelands make up more than 100 million acres of the state’s 117 million acres of […]