MELISSA – Oregon-based coffee chain Dutch Bros. is building a roasting plant on the city’s south side. The almost 65,000-sf plant is on six acres near the intersection of US 75 and SH 121 near the Buc-ee’s store. The city approved the more than $13 million project last summer. It’s expected to open early next year. It will employ as many as 30 in its […]
Archives: August 2023
Loews hits 1,500 Arlington hotel rooms with latest purchase
ARLINGTON – New York-based hotel firm Loews Hotels is buying the Sheraton Arlington Hotel. This will be the company’s third hospitality property in the city. Built in 1984, the 311-room, 19-story hotel just south of I-30 has about 26,000 sf of meeting space. It was last renovated in 2009. With this purchase, Loews now has almost 1,500 hotel rooms open or on […]
People Want Less Expensive Homes – And Builders Are Responding
In today’s housing market, there are two main affordability challenges impacting buyers: mortgage rates that are higher than they’ve been the past couple of years, and rising home prices caused by low inventory. To overcome those challenges, many people are working with their agents to find less expensive homes. And with newly built homes making […]
DFW leads nation in apartment sales, construction
DALLAS-FORT WORTH-ARLINGTON – DFW ranks highest nationwide in apartment purchases for the first half of 2023, according to RealPage and MSCI Inc. In the first half of 2023, the Metroplex had 30,000 rental unit sales, accounting for half of the area’s $8 billion total investment property purchases as well as 10 percent of total U.S. apartment purchases. The […]
Celina rental community completes construction
CELINA – A 45-acre build-to-rent residential community has finished construction and expects first tenants in late August. The 217-unit Amavi Celina has cottages, townhomes, and single-family homes with one-, two-, three-, and four-bedroom layouts. It also includes a clubhouse with a fitness center, pool, dog park, playground, green space, and walking trails. Mill Creek Residential […]
Behavioral crisis center coming to McKinney
McKINNEY – Construction on a new $42 million behavioral crisis center will begin next month. The 108,700-sf LifePath Systems facility will have public meeting rooms and offices for staff as well as an expanded crisis center, behavioral health services. The four-story building will be on the corner of Bloomdale Rd. and Community Ave. It will […]
40 acres in Atascocita master-planned community dedicated to retail space
ATASCOCITA – Ashlar Development has sold 40 acres within The Groves, a master-planned community in Atascocita, to Read King for future retail centers. Located near Madera Run Rd and Woodland Hills Rd, the first commercial development is expected to be completed by first quarter 2024, while buildout will take several years. The retail space will include both shops and […]
Chamberlain Hrdlicka to expand, renovate Weston Centre offices
SAN ANTONIO – Chamberlain Hrdlicka, a diversified tax and business law firm, has expanded its offices to 13,555 sf at Weston Centre, a 32-story office tower at 112 E. Pecan St. Transwestern Real Estate Services and CBRE provided tenant advisory services to Chamberlain Hrdlicka. Located on the Riverwalk, Weston Centre has a rooftop terrace lounge, fitness center, […]
$12 million Carr Lane manufacturing facility completed in Elgin
ELGIN – Nearly a year after starting construction, Carr Lane has finished its $12 million, 50,000-sf manufacturing facility. The city’s economic development corporation provided the company $372,250 for land and closing costs in return for hitting certain benchmarks. The facility will immediately be one of the city’s biggest employers. Carr Lane makes more than 135,000 parts for industries as […]
Texas A&M getting more student housing project
COLLEGE STATION – Arriba Capital has provided a $28.5 million construction loan for a new student housing project that will serve students at Texas A&M University. The complex will have 339 beds across 199 units, each of which will have a full kitchen, study desks, and washer and dryer. Communal amenities will include a pool, fitness […]