HOUSTON – The local multifamily market ended 2023 with overall positive year-over-year absorption, according to the 4Q2023 market report from Colliers Houston.. Net absorption dropped 5 percent to 3,125 units during the fourth quarter due to softening in Class A properties, but the 2023 year-end total of 10,805 absorbed units indicated a 135 percent increase from 2022’s […]
Archives: February 2024
Earn TREC CE credit with online pond maintenance course
COLLEGE STATION – Texas A&M AgriLife Extension is offering a virtual course in basic pond maintenance at noon on March 6, 2024. Participants can earn one CE hour from the Texas Real Estate Commission for the 90-minute course. The program will cover how to evaluate a pond to determine if it is an asset to a property or a major […]
Why Pre-Approval Is Even More Important This Year
On the road to becoming a homeowner? If so, you may have heard the term pre-approval get tossed around. Let’s break down what it is and why it’s important if you’re looking to buy a home in 2024. What Pre-Approval Is As part of the homebuying process, your lender will look at your finances to […]
Ground breaks on Airfield 130 industrial project
AUSTIN – Houston-based Patrinely and Annapolis-based Realterm have broken ground on Airfield 130, a 439,000-sf industrial project. The development will consist of four buildings ranging from 75,000 to 150,000 sf on a 34.5-acre site. Each building will have 32-foot clear heights and 190-foot truck court depths. The project will have a total of 129 dock-high doors. Catamount Constructors […]
Renewable gas facility to provide energy for thousands of San Antonio households
SAN ANTONIO – Synthica Energy LLC is advancing plans to build a nearly $70 million renewable natural gas facility. Synthica, which designs, builds, owns, and operates large-scale, contracted anaerobic digestion facilities, has purchased a $2.5 million property on the city’s east side. Over the next several months, the company plans to invest nearly $70 million in […]
1.75M sf of warehouse space to land near DFW International Airport
DALLAS – Three new warehouses are being constructed near DFW International Airport for $85.2 million. Located on Passport Ave. and Airport Fwy. in the Passport Park industrial park, the three warehouses will total 1.75 million sf. Opening is slated for early 2025. Developer Trammell Crow Co. is working with designer Alliance Architects on the project. read more…
Galentine’s Day DFW
Image by: Simon Maage Celebrating Female Friendships in the Big D Forget the chocolates and roses, grab your girlfriends and get ready for a day of laughter, pampering, and sisterhood! Galentine’s Day, the brainchild of the iconic sitcom “Parks and Recreation,” has taken the DFW metroplex by storm, offering a unique way to celebrate the […]
Investment firm purchases 216K-sf north Houston office building
HOUSTON – David Z. Mafrige Interests has acquired World Houston Place, an eight-story office building at 15710 John F. Kennedy Blvd. Built in 1985, the property totals 216,889 sf. The plan is to implement a value-add program that includes upgrading common areas and adding a fitness center and tenant lounge. read more…
Houses Are Still Selling Fast
Have you been thinking about selling your house? If so, here’s some good news. While the housing market isn’t as frenzied as it was during the ‘unicorn’ years when houses were selling quicker than ever, they’re still selling faster than normal. The graph below uses data from Realtor.com to tell the story of median days […]
Real estate firm and builder partner for Lewisville mixed-use
LEWISVILLE – Weitzman and JPI are partnering on the development of a 13-acre mixed-use project in the Castle Hills community. The project includes 760 apartments and retail space on Windhaven Pkwy. Phase one has 20,000 sf of retail. The developers will close on the land sale for phase two in March. The development is next to Weitzman’s Castle Hills […]