WACO – In response to the recently passed House Bill 3492, which prohibits cities from considering construction and improvement costs in their determination of inspection fees, Waco will begin basing its fees on the hourly rate of city staff involved in plan review and construction inspection. The new fee plan, which took effect Sept. 1, will also take into account the […]
Archives: September 2023
Expert Home Price Forecasts Revised Up for 2023
Toward the end of last year, there were a number of headlines saying home prices were going to fall substantially in 2023. That led to a lot of fear and questions about whether there was going to be a repeat of the housing crash that happened back in 2008. But the headlines got it wrong. […]
Why It’s Still a Seller’s Market Today
Even though activity in the housing market has slowed from the frenzy that was the ‘unicorn’ years, it’s still a seller’s market because the supply of homes for sale is so low. But what does that really mean for you? And why are conditions today so good if you want to sell your house? The […]
Dallas church planning major expansion, renovation
DALLAS – A church is planning a $60 million, three-phase, 141,500-sf expansion at 8011 Douglas Ave. near Preston Center. Saint Michael and All Angels Episcopal Church’s first phase will include 59,000 sf of renovation. The second phase will have a 75,000-sf expansion. The third phase will have 7,500 sf of sanctuary renovations. The project will […]
Environmental research sites going up in Travis and Hays Counties
AUSTIN – Steve Winn, founder of real estate software company RealPage, and the University of Texas at Austin are investing a combined $200 million in environmental research sites. The money will go toward the development of research facilities near Hays and Travis County lines in the Texas Hill Country. The project will be part of a […]
Preserve at Mustang Creek Phase I opening in 2024
ROUND ROCK – Another multifamily complex is coming to Round Rock at 1401 CR 118. The Preserve at Mustang Creek will have eight three-story buildings totaling 144,000 sf with 252 units. Amenities include resort-style swimming pool, covered garages, fitness center,, virtual studio, and club room. The complex will open in phases with the first opening in late 2024 […]
Houston investor buys Terrell Plaza shopping center
SAN ANTONIO – After spending almost four months on the market, a shopping center on the city’s northeast side has changed hands. Houston-based retail investor Property Commerce has acquired two-thirds of the Terrell Plaza shopping center, picking up two parcels at 1201 and 1235 Austin Highway. The two sites have an assessed value of about […]
New McKinney townhome community in the works
McKINNEY – A 163,720-sf townhome community will begin construction in November and be completed May 2025. The $18 million Hidden Lakes Villas at 3021 El Lago Dr. will have 22 buildings with three to eight units each, totaling 120 units. Atlanta-based Deluxeton Homes is the project’s developer. They have projects in Atlanta, Texas, and Georgia. McKinney housing market trends […]
Semiconductor supplier Schunk Xycarb expanding in Georgetown
GEORGETOWN – After 25 years of supplying the biggest chipmakers in the world from its current location, Schunk Xycarb Technology Inc. is expanding with a 140,000-sf facility at 200 Velocity Dr. The production facility for semiconductor quartz will include a clean room and a high-purity cleaning system, and it will allow them to expand an automation component of their business. Construction is […]
Six Flags Fiesta Texas to receive upgrades in 2024
SAN ANTONIO – Six Flags Entertainment Corp. will make a significant investment in its theme parks next year, especially Fiesta Texas. Plans there include an expanded DC Universe area with three new rides as well as significant changes to multiple existing attractions. Six Flags has not disclosed the amount of its planned investment, but it includes multiple new rides […]