THE WOODLANDS – Last Mile Investments has purchased College Park Plaza at 3091 College Park Dr., marking the firm’s first acquisition in the Houston area. The 70,277-sf retail center is at a regional intersection near 1.2 million sf of retail and 2.4 million sf of medical and office sites. Edge Capital Markets brokered the sale. read more…
Archives: January 2024
Water utility company flows into former Minute Maid offices
SUGAR LAND – SouthWest Water is moving from the Sugar Land Business Park into Minute Maid’s former offices after securing $1 million in economic incentives to stay in the Houston suburb. The utility company signed a 15-year lease for 41,114 sf at Sugar Land Town Square at 2150 Town Square Place. Minute Maid left the eight-story office building in […]
What Lower Mortgage Rates Mean for Your Purchasing Power
If you want to buy a home, it’s important to know how mortgage rates impact what you can afford and how much you’ll pay each month. Fortunately, rates for 30-year fixed mortgages have come down significantly since the end of October and are currently under 7%, according to Freddie Mac (see graph below): This […]
U-Haul report: Texas top state for one-way movers
PHOENIX – Texas netted the largest number of movers in one-way U-Haul equipment in 2023, marking the third consecutive year it has finished at the top of the U-Haul Growth Index. “Texas is the number one growth state for the sixth time in eight years (2016-18 and 2021-23) and has ranked no lower than second on the U-Haul […]
15 tenants accounted for 1.5 million sf of leased North Texas office space in 2023
DALLAS – More than 1.5 million sf of North Texas offices were gobbled up by the 15 largest tenant deals signed in 2023, according to a report by commercial property firm Transwestern. The largest office lease signed in 2023 was watch and accessories maker Fossil, which renewed 255,000 sf in its longtime Richardson headquarters. Fossil downsized its offices […]
199-bed acute-care hospital sells for $258M in Webster
WEBSTER – Sila Realty Trust has sold the 199-bed University of Texas Medical Branch (UTMB) Health Clear Lake Hospital for $258.1 million. UTMB occupies the 373,000-sf acute-care hospital. The buyer was the Board of Regents of the University of Texas. In addition to onsite dining options, a family lounge and a children’s play area, the […]
933-acre Fort Bend County master-planned community begins home sales
FORT BEND COUNTY – Starwood Land has begun home sales in Emberly, a 933-acre community along US 59. Starwood Land has completed about 320 lots. At buildout, the community will have about 2,500 homes on 40- to 55-foot lots. The homes are currently priced from the $200,000s to $500,000s. The developer plans to start construction on its amenity village […]
96-key hotel trades hands in Galveston
GALVESTON – HVS Brokerage & Advisory has sold the 96-key Beachcomber Inn to Wayside Investment Group. The property at 2825 61st St. was built in 1987. HVS was represented internally. read more…
Licensees can now register business entities with TREC
AUSTIN – Licensees can now register certain LLCs and S-Corps with the Texas Real Estate Commission (TREC) to accept compensation. The registered entity cannot perform any other brokerage activity and must be 51 percent owned by the licensee on whose behalf the entity receives compensation (click here for details about the new business entity registration). LLC To register an […]
'Our Turn to Ranch' online course registration now open
COLLEGE STATION – “The Generation Next: Our Turn to Ranch” 12-week online course is open for registration. The program, offered by the Texas A&M AgriLife Extension Service, takes place Jan. 29-April 21. The course fee is $300, and online registration is required. Participants will learn about land management techniques and resources, alternative ranching operations, ecotourism opportunities, insurance […]