WACO – AJ Capital Partners is nearing completion of Hotel 1928, located downtown at 701 Washington St. The project transformed the historic Grand Karem Shrine Building into a 33-room hotel with three restaurants, rooftop terrace, and 6,000 sf of meeting and event space. AJ Capital worked with local TV personalities Chip and Joanna Gaines on room and merchandise design. […]
Archives: August 2023
93k sf of West Texas industrial space sold
MIDLAND — Matthews Real Estate Investment Services has brokered the sale of seven industrial buildings totaling 93,000 sf in Midland and Odessa. The portfolio was fully leased to seven tenants, including Rexel, Interstate Batteries, and North Basin Coating, at the time of sale. The buyer and seller were not disclosed. read more…
The Domain begins Phase I of cosmetic renovations
AUSTIN – Simon Property Group Inc. is giving its portion of The Domain a multimillion-dollar facelift. No square footage is being added, but, in its first phase, Simon is redoing facades for two buildings, impacting 11 storefronts from All Saints to J. Crew. It is also undertaking a general renovation of common areas. Additional phases will […]
Affordable multifamily housing project underway in RGV
BROWNSVILLE – Brownsville Residential is turning the historic El Jardin Hotel into a 44-unit affordable housing complex. The development will be available to renters earning up to 30, 50, and 60 percent of the area median income. The property will have one-, two-, and three-bedroom units, fitness center, library, computer lab, community room, and garden area. Financing […]
Work continues as leasing begins at 314-unit Cypress apartment complex
CYPRESS – Ascension Multifamily has begun leasing at the Skyview Flats, a 312-unit complex at 21447 FM 529. The complex currently has five three-story buildings with seven additional buildings expected to be completed in October. The development has one-, two-, and three-bedroom apartments ranging from 674 to 1,318 sf and priced from $1,299 to $2,224. […]
North Texas cities rank in top ten real estate markets nationwide
DALLAS – Four cities in the DFW metro ranked among the best real estate markets nationwide according to WalletHub. The 2023’s Best Real Estate Markets report showed McKinney and Frisco ranked first and second while Denton ranked fourth and Allen sixth. Rankings are based on home price appreciation, share of underwater mortgages, foreclosure rates, affordability, population growth, […]
Turner’s Crossing neighborhood to expand in Phase III construction
AUSTIN – Meritage Homes of Texas LLC continues to expand its Turner’s Crossing neighborhood on the city’s south side. Meritage is seeking a final plat for 267 new single-family lots on more than 41 acres, south of the SH 45 toll road. If fully constructed, the development could have more than 1,300 single-family homes on 468 […]
More Jobs and Better Pay Leads to More Buyer Demand
There’s been talk about a recession for quite a while now. But the economy has been remarkably resilient. Why? One reason is employment and wages have stayed strong. Let’s look at the latest information on each one and why both are good news if you’re thinking about selling your house. More Jobs Are Being Created […]
Ninety-five townhomes planned for vacant Frisco lot
FRISCO – Plans are underway for 95 townhomes on a vacant 14-acre lot near Stonebriar Centre. Oxenfree at Stonebriar will begin construction in early 2024. It will include a pool and clubhouse. Core Spaces purchased the property at the corner of Warren Pkwy. and Ohio Dr. CRE Land Group brokered the sale. The lot was valued at $7.3 million […]
Dunhill Partners picks up Rockwall retail center
ROCKWALL – Investment firm Dunhill Partners has purchased a 21-acre retail center east of Lake Ray Hubbard. Located on I-30, the 212,000-sf Rockwall Market Center is fully leased to tenants such as Michaels, Office Depot, Old Navy, Petco, and Ross Dress for Less. It was built in 1999. The buyer is credited with transforming the Design […]