HOUSTON – Sungrow USA Corp. has signed a 179,534-sf industrial lease at Rankin 45 Distribution Center. The cross-dock building has 32-ft clear heights, an ESFR sprinkler system, four drive-up ramps, and parking for 259 cars and 23 trailers. Cushman & Wakefield represented the tenant in the lease negotiations, while CBRE represented the landlord, a joint venture […]
Archives: September 2023
Owners of Southtown restaurant purchase their residing building
SAN ANTONIO – A fully leased retail building in Southtown has been sold to one of its tenants. The owners of La Frite Belgian Bistro have purchased the building they’ve occupied for years at 726 South Alamo St. An affiliate of Donnelly Enterprises closed the sale in mid-August and a $1.9 million loan from Encore Bank was taken […]
Get Ready for Smaller, More Affordable Homes
Have you been trying to buy a home, but higher mortgage rates and home prices are limiting your options? If so, here’s some good news – based on what Ali Wolf, Chief Economist at Zonda, has to say – smaller, more affordable homes are on the way: “Buyers should expect that over the next 12 […]
Hotel taxes to fund upgrades for Alamodome, convention center
SAN ANTONIO – A new state law is set to supplement improvements to two major local multipurpose venues, sending hundreds of millions of state dollars to the Henry B. Gonzalez Convention Center and the Alamodome. Introduced by State Senator Jose Menendez, SB2220 gives the City of San Antonio authority to collect “incremental hotel-associated revenue” from hospitality properties […]
Lewisville development gaining new rental community
LEWISVILLE – The $3 billion, 3,000-acre Castle Hills development is planning a rental community to begin construction in January. The 700,000-sf Castle Hills Marketplace will have 380 units, leasing office, clubroom, dog spa, pools, courtyard, fitness center, and a five-story parking garage. Located at 4550 Windhaven Pkwy., the project will open in early 2026. JPI is […]
Uptown Dallas office building finished $8M renovations
DALLAS – A Mexico-based investment firm has finished renovating the 110,000-sf office building at 2501 Cedar Springs Rd. The seven-story building’s $8 million renovations included an upgraded lobby, ground-floor restaurant, tenant conference center, upgraded parking garage, and enhanced common areas and restrooms, as well as improvements to the systems and equipment. Grupo Haddad is the building’s owner. Newmark will oversee leasing. […]
Adaline opens at Sachse’s 134-acre The Station
SACHSE – A new rental community has opened in the 134-acre mixed-use development The Station. The 297-unit Adaline at The Station includes a clubhouse, fitness center, outdoor kitchen and fireplace, coworking space, game lounge, dog park, and pet spa. Monthly rents start at $1,500. Located on the Bush Turnpike near Pleasant Valley Rd., The Station is a $500 […]
Great Wolf Lodge tops out in Webster, sets opening date
WEBSTER – The Great Wolf Texas Gulf Coast Lodge, an indoor water park with a hotel and entertainment, has completed vertical construction. The $200 million facility broke ground in September 2022 on a 27-acre site east of I-45. The 95,000-sf indoor water park will have slides, raft rides, activity pools, and splash areas. Between the […]
63-unit Rockport self-storage facility sold in Rockport
ROCKPORT – Affordable Mini Storage, a 63-unit self-storage facility at 1741 West Market St., has been sold. The three-building facility was constructed in 2018. Marcus & Millichap brokered the sale. read more…
268-unit multifamily project coming to The Woodlands Waterway
THE WOODLANDS – Howard Hughes Holdings Inc is developing 1 Riva Row, a 13-story building with four-story residential living and a total of 268 luxury apartments at The Woodlands Waterway. The building will have penthouses, two-story townhomes, and units in studios and one-, two-, and three-bedroom floor plans. The four-story amenity center will have an indoor/outdoor pool deck […]