PASADENA – An affiliate of Olive Tree Holdings has completed a $4 million renovation of The Life at Beverly Palms, a 308-unit apartment community at 3500 Red Bluff Rd. Built in 1971, the property has one-, two- and three-bedroom units. Updates included new paint and windows to unit interiors. Exterior upgrades included refreshed sidewalks, roofs, and […]
Archives: August 2023
Don’t Expect a Flood of Foreclosures
The rising cost of just about everything from groceries to gas right now is leading to speculation that more people won’t be able to afford their mortgage payments. And that’s creating concern that a lot of foreclosures are on the horizon. While it’s true that foreclosure filings have gone up a bit compared to last […]
Fourth Prosper high school breaks ground
PROSPER – Prosper ISD broke ground on its fourth high school, which will open in 2025. Located at the corner of First St. and Teel Pkwy., the high school will include a 530,000-sf academic building and a 75,000-sf multipurpose building. It will also have a 1,000-seat auditorium, 2,200-seat arena, and outdoor areas for band practice, football, track […]
Buffalo Bayou watershed riparian, stream ecosystem workshop set for Sept. 6
KATY – The Texas Water Resources Institute, TWRI, will host a free Texas Riparian and Stream Ecosystem Education Program from 8 a.m.-4:30 p.m. Sept. 6. The workshop, which is for area residents interested in land and water stewardship in the Buffalo Bayou watershed, is co-hosted by the Texas A&M AgriLife Extension Service, Texas Riparian Association, TWRI, and the Houston Community […]
Texas dominates list of best markets for first-time homebuyers
AUSTIN – Texas dominated SmartAsset’s recent list of best U.S. housing markets for first-time buyers, with five cities landing in the top ten. Killeen ranked first, a big leap from 89th last year. SmartAsset’s report said median home prices there were under $253,000 at the end of May, and the city has a one-year growth forecast of […]
110-year-old Dallas building sold
DALLAS – One of the largest buildings in the historic West End district has been sold. Built in 1913, the 140,317-sf, six-story Landmark Center is on Ross Ave. It was originally a warehouse for General Electric. but it was converted to an office building in the 1970s. JLL marketed the property. Spear Street Capital acquired the […]
511,000-sf industrial complex underway in Selma
SELMA — Atlanta-based developer Ackerman & Co. has begun construction on the Corporate Drive Industrial Complex, a 511,000-sf industrial project on 32 acres. The development will consist of two buildings—one totaling 274,000 sf, the other 237,000 sf. The rear-load buildings will have up to 36-foot clear heights and combined parking for 647 cars and 59 trailers. Ackerman is developing […]
Ultra Clean Tech leasing 106K sf at Crossroads Logistics Center
MANOR – Ultra Clean Technology Systems & Service Inc. has leased 105,840 sf at Crossroads Logistics Center, which is currently being developed. Phase I will consist of three buildings totaling approximately 483,000 sf. At buildout Crossroads Logistics Center will total roughly 1.1 million sf. Newmark represented the tenant in lease negotiations. JLL represented the landlord, an affiliate of HPI […]
28-unit Tomball apartment complex nearing completion
TOMBALL – Six months after starting construction, Rudel Crossing Apartments on Rudel Rd. is expected to begin leasing this fall. The three-story complex will have 28 units: 10 one-bedroom units and 18 two-bedroom units. Amenities will include a full gym, business center, and dog park and dog wash. Construction will completed by the end of the year with leasing set to […]
312-unit self-storage facility sold in Port Arthur
PORT ARTHUR – LandPark Advisors has acquired Park Central Self Storage, a 312-unit facility at 7301 Memorial Blvd. Sitting on 3.8 acres, the property totals 48,430 net rentable sf. LandPark will operate the facility under its Right Move Storage brand. read more…