RICHARDSON – An Omaha-based investor has acquired a 300,000-sf office high-rise on North Central Expy. The 11-story Collins Crossing tower is 85 percent with tenants including Dell, ARGO, and Nexperia and was purchased with 3.5 adjacent acres that are zoned for apartments. The property was purchased by Goldenrod Cos. Newmark Group arranged the sale for […]
Archives: January 2024
757K-sf Mesquite warehouse project moves forward
MESQUITE – A 756,668-sf industrial project near US 80 has secured funding and will open early 2025. Located at 2800 Skyline Dr., the warehouse will house solar energy firm Canadian Solar. JLL Capital Markets arranged the financing for the joint venture equity partnership. Developer Capstar Real Estate Advisors also owns a 91-acre manufacturing plant leased by […]
114-home single-family rental community opens south of Houston
ROSHARON – Balcara at Meridiana, a 114-unit build-to-rent community, is opening near SH 288 and CR 56. The community includes three- and four-bedroom houses ranging from 1,700 to 1,770 sf. Each home has a fenced backyard and two-car garage. Amenities include fitness center, billiard room, children’s playroom, pool, playground, and dog park. read more…
Foreclosure Activity Is Still Lower than the Norm
Have you seen headlines talking about the increase in foreclosures in today’s housing market? If so, they may leave you feeling a bit uneasy about what’s ahead. But remember, these clickbait titles don’t always give you the full story. The truth is, if you compare the current numbers with what usually happens in the market, […]
Single-family Austin neighborhood makes room for first multifamily units
AUSTIN – A 3.7-acre site at 7606 Albert Rd. has been rezoned for townhouses and condominiums. The new zoning will allow 46 residential units on the property, marking the latest change for the single-family neighborhood south of William Cannon Dr. and east of Menchaca Rd. Units are expected to reach 1,700 sf. A rendering indicates the units will […]
JCB eyeing Alamo City for large industrial project
SAN ANTONIO – JCB, one of the world’s largest construction and agricultural equipment manufacturers, is looking at a 400-acre site for its potential new $265 million plant. The land is between the Toyota Motor Manufacturing Texas Inc. manufacturing plant and Texas A&M University San Antonio’s campus. Working on behalf of JCB, land use law firm Killen, Griffin […]
Lubbock County medical examiner's office breaks ground
LUBBOCK – Ground has broken on the county’s new state-of-the-art Medical Examiner’s Office Building. This comes after $35.4 million was approved to construct the new facility last year. The funding will be supplemented by $10 million in previously allocated American Rescue Plan Act funds for what’s expected to be a nearly $45 million, 31,440-sf office […]
New First America subdivision coming to South Side SA
SAN ANTONIO – First America Homes has plans to build 91 homes at Red Hawk Landing on the southeast side. The builder is offering buyers seven floor plans starting at 1,315 sf, with prices beginning around the $250,000 range. First America Homes is the homebuilding arm of the Signorelli Company, which develops residential and commercial real […]
New Braunfels' Devereaux apartment complex to open in March
NEW BRAUNFELS – A $51 million multifamily apartment complex is nearly complete off Loop 337 at 1661 Independence Dr. The Devereaux will consist of 240 units in one four-story apartment building. The building is insured by the U.S. Department of Housing and Urban Development, but its units will be rented at market rates without any […]
Highland Village retail center sold to investor partnership
HIGHLAND VILLAGE – A 450,000-sf community shopping center has been sold for $42.1 million to an investor partnership. Located at 3060 Justin Rd., the Marketplace at Highland Village is 90 percent leased. Stores include Walmart, TJ Maxx, HomeGoods, LA Fitness, DSW, and Petco. New York-based Cohen & Steers Income Opportunities REIT Inc. acquired the retail center with Florida-based […]