ADDISON – White Oak Partners has acquired the Elan Addison Grove apartments on Belt Line Rd. Built in 2018, the 321-unit rental community is just west of Midway Rd. Greystar Real Estate represented the seller. The Texas Real Estate Research Center has more multifamily news online for free: Texas Quarterly Apartment Report Dallas-area multifamily news Source: […]
HOUSTON – Texas Children’s Hospital is working on a $201 million expansion project at the Texas Children’s Pavilion for Women in the Texas Medical Center. The former Baylor Clinic building will be renamed Main Tower and connect to the Pavilion for Women with a new skybridge. It will also add 190,000 sf to the obstetrics and gynecology facility. The […]
ALLEN – Adolfson & Peterson Construction and the city have broken ground on the Stephen G. Terrell Recreation Center. The two-story, 150,000-sf facility at 1680 W. Exchange Pkwy. will include two gyms, an indoor jogging track, weight room, group fitness areas, children’s play areas, and catering kitchen. Opening is set for early 2023. BRS is the architect of record. The […]
SAN ANTONIO – Eight acres of vacant land will be home to a mixed-use project. Essex Modern City LLC will develop 80,000 sf of retail space, 80,000 sf of office space, and 800 residential units. There will also be parking and an open park. Kennedy Funding secured a $3.46 million land loan for the seven parcels. The […]
AUSTIN – SWBC has sold Falconhead Apartments, a 248-unit community at 3400 Ranch Rd. 620 S. in the Bee Cave/Lakeway submarket of Austin. Built in 2003, the property had one-, two-, and three-bedroom units and amenities such as a pool, spa, outdoor grilling areas, clubhouse, fitness center, and dog park. Berkadia represented SWBC, which purchased the property […]
MADISONVILLE – D&J Storage, a 292-unit self-storage facility spanning 41,740 sf, has been sold. The property is at US 190 and S. Short St. in downtown. Marcus & Millichap arranged the deal. The Texas Real Estate Research Center has a wealth of economic information online for free. Texas retail news Texas Quarterly Commercial Report Source: REBusiness Online
COLLEGE STATION – Cross Development and StoneCreek Real Estate Partners are constructing Midtown Station Apartments. The 264-unit multifamily project will have 178 one-bedroom, one-bathroom units and 86 two-bedroom, two-bathroom units. Amenities will include a clubhouse, pool and deck, mail kiosk, dog parks, and dog wash station. Completion is slated for spring 2023. Berkadia provided a $33.3 million construction loan. […]
HOUSTON – Locally-based Keener Investments has acquired the 312-unit multifamily Montelago Apartments. The property was built in 2004 with one-, two-, and three-bedroom floor plans. Amenities include a newly remodeled clubhouse, outdoor grilling stations, coffee bar, business center, fitness center, and a pool. Keener will implement a value-add program as well as manage the property. […]
DALLAS – Casci Plaster is moving into the former Mrs Baird’s bakery building at 1401 N. Carroll Ave. Built in 1928, the 44,000-sf building has been vacant for years. WDG Architecture is designing Casci Plaster’s new space. The Texas Real Estate Research Center has more on DFW’s industrial market: Texas Quarterly Commercial Report Dallas-Fort Worth-Arlington industrial news Source: Dallas Morning […]
FRISCO – Taylor Morrison Homes has purchased sites for 500 single-family homes in the 2,500-acre Fields development on the Dallas North Tollway. The homes will be in the Brookside neighborhood on the north side of Panther Creek Pkwy., east of Legacy Dr. The sellers were Hunt Realty Investments and Karahan Cos. Construction starts this fall. Get […]
