SAN ANTONIO – New York-based Sapphire Partners has acquired the 304-unit, 263,000-sf Diamond Ridge apartment complex at 5235 Glen Ridge Dr. in the Medical Center. Sapphire took out a $5.6 million loan from Berkadia Commercial Mortgage LLC, a Berkshire Hathaway and Jefferies Financial Group joint venture. The firm also assumed the seller’s $14.85 million Fannie Mae loan. The firm owns […]

AUSTIN – The Related Companies is moving forward with a 17-story, 293-unit apartment/condo project instead of the 475,000-sf office tower originally proposed. The complex will have approximately 86 condominiums and 207 apartments. The building, known as One Lady Bird Lake, is also slated to have 14,000 sf of restaurant and retail space on the first […]

DALLAS – An international law firm is moving its headquarters, spending $4 million on construction and renovations in a Class AAA office. Faegre Drinker Biddle & Reath (FDBR) will move from 1717 Main St. at Comerica Bank Tower to 2323 Ross Ave. at KPMG Plaza at Hall Arts. The firm is taking 26,000 sf on the […]

SAN ANTONIO – Cities on the fringe of the emerging “metroplex” between Austin and San Antonio may see a lot of new faces in the coming years. An approximately 1,185-home subdivision called Haney Park is proposed for 245 acres in Hays County. It would be in the extra-territorial jurisdiction of Uhland. In addition to the […]

​AUSTIN – International buyers spent $4.3 billion on nearly 10,000 home purchases in Texas from April 2022 to March 2023, according to a new report from Texas Realtors. This activity represents 2.8 percent of the total number of homes sold and 3.6 percent of total dollar volume of residential sales. While the median home price for international […]

SCHERTZ – Atlanta-based developer Ackerman & Co. and Baltisse US Inc. have completed Doerr Lane Logistics Center, a 307,000-sf industrial project. The Class A, tilt-wall distribution center has 32-ft clear heights, 78 overhead dock doors, an ESFR sprinkler system, and parking for 318 automobiles and 96 trailers. Beaty Palmer Architects designed the project, and Kopplow Construction served as the general […]

RED OAK – Google is investing $600 million in the construction of a data center as their second Texas site. The data center will cost $330 million initially and $600 million over several years of development. It will create 30 jobs and 1,200 construction jobs as it’s built. The center will focus on digital services such […]

HOUSTON – The Residences at The Allen, a condominium tower in The Allen mixed-use development, will begin delivering units next month. The units are already 80 percent sold, with four of the 22 penthouses remaining available. The 35-story, $290 million tower at 17ll Allen Pkwy. will include a 170-room Thompson Hotel on the first 15 floors, while the […]

​​HOUSTON – Castle Hill Partners has begun preparing land for The Trails, a 1,373-acre master-planned community. Located near the Grand Parkway and Plum Grove Rd., the development will have over 2,000 homesites and 600 acres of nature trails and outdoor recreation opportunities. The project will be completed in phases, with the first phase delivering 254 homes. […]