KERRVILLE – A family trust has purchased the four-building, 15,547-sf medical office campus at 708 Hill Country Dr. Built in 2003, the campus is currently fully occupied by Vision Source, Dr. Michael R. Borchers, W Gynecology, and Allergy Partners. Transwestern Real Estate Services brokered the sale on behalf of HCD Property Group Ltd. The buyer was represented by Kuyrekendall & Company […]
Archives: January 2024
Texas' million-dollar home sales down 16 percent in 2023
AUSTIN – The number of Texas homes that sold for $1 million or more from November 2022 to October 2023 was down 16 percent from the previous year. With 11,780 sales representing $19.5 billion, the activity in this price range is similar to that from November 2020 to October 2021. The number of $1 million+ homes […]
North Texas multifamily permits show signs of slowing
DALLAS-FORT WORTH-ARLINGTON – North Texas has led the country in apartment building for several years, but the market could be cooling. U.S. Census Bureau data show new permits were down 10.8 percent for the year ending in November 2023 with 19,711 units permitted. Nationally, permits were down 21 percent year-over-year. Austin was down 10.3 percent with 20,866 permits over the same […]
Corpus Christi real estate expert shares local 2024 housing market projections
CORPUS CHRISTI – Corpus Christi Association of Realtors CEO Brian Morales talked to 3NEWS last week about the city’s 2023 housing market and what to expect in 2024. “The market itself is down. So, you’re seeing fewer sales, fewer closings. Overall, value market is down. Prices, however, have continued to stay strong,” Morales said. He said one of the […]
Harris County begins Lamar Plaza renovation
HOUSTON – Harris County has started a multimillion-dollar renovation of a 20-story downtown office tower it bought to house a handful of departments. The county paid $26 million last October to buy Lamar Plaza at 1010 Lamar and an adjacent parking garage at 1111 Main. Some engineering department employees will move into the new tower, said Carl […]
Estate-planning seminar Jan. 12 in Corsicana
COLLEGE STATION – The Texas A&M AgriLife Extension Service will host an estate-planning seminar Jan. 12 in Corsicana. Participants will learn the legal requirements of estate planning and the importance of writing a will or planning a trust to help secure their families’ financial futures. The event will be held from 9 a.m.-noon in the large Fannie Mae Vernon room […]
Ways Your Home Equity Can Help You Reach Your Goals
Bill to assist low-income housing developments now in effect
AUSTIN – House Bill 1058, which offers low-income housing tax credits for certain housing developments, was one of 30 new bills that took effect Jan. 1. According to the Texas Affiliation of Affordable Housing Providers, every metro area in the country has a shortage of affordable and available rental homes for extremely low-income renters. The National Low Income Housing Coalition says there are […]
North Texas' largest apartment builder moving HQ
IRVING – Apartment builder JPI, which was recently acquired by Tokyo-based international housing firm Sumitomo Forestry Co., is moving from its Las Colinas offices to the Cypress Waters development north of LBJ Fwy. JPI is subleasing almost 54,000 sf of office space at 9001 Cypress Waters, a space previously occupied by One Source Virtual. The builder was previously housed at 600 Las Colinas office […]
Texas dominates Opendoor's list of 2023's hottest ZIPs
TEMPE, Ariz. – Texas ZIP codes made up nearly half of the top 20 most popular locations for homebuyers, according to online real estate firm Opendoor Technologies Inc. Cypress (77443) nabbed the number one spot, followed immediately by Katy (77493). Forney (75126) ranked sixth, Aubrey (76227) seventh, New Braunfels (78130) eighth, San Antonio (78253) ninth, and Fort Worth (76179) […]