DALLAS – A partnership between KKR and Kairoi Residential has acquired Nove at Knox, a 310-unit apartment community in the Knox-Henderson area. The sellers, California-based KBS and Tennessee-based Southern Land Co., completed the 19-story building at 3031 Oliver St. earlier this year. Amenities include a pool, fitness center, business center, dog park, and outdoor recreation spaces. […]
GRAPEVINE – STAG Industrial has purchased D/FW North Logistics Center from Olympus Ventures. The 202,140-sf, Class A industrial property was built in 2008 near the SH 121 and SH 114 intersection. It has 21- to 30-ft clear heights and a storage area for 100 trailers. The property is fully leased. CBRE National Partners arranged the sale […]
HOUSTON – A partnership between CBK Interests and Saber Street has broken ground on the Kelsey-Seybold Clinic — Memorial Villages. The project, which includes a 126,113-sf medical office building and seven-story parking garage, is a build-to-suit project for Kelsey-Seybold. Kirksey Architecture provided design and engineering services. Tellepsen is the general contractor. First Horizon Bank provided construction financing. Completion […]
SAN ANTONIO – Rincon Real Estate Investments has purchased Castle Hills Townhomes, a 148-unit multifamily complex at 1947 Larkspur Dr. Built in 1997, the property has one- to three-bedroom units. Rents range from $1,025 to $1,750 per month. Amenities include a pool and outdoor kitchen. Berkadia arranged an acquisition loan on behalf of the buyer. The Texas Real […]
SAN ANTONIO – Ackerman & Co. has acquired One Medical Park, a 34,164-sf medical office building at 14615 San Pedro Ave. Built in 1986, the property houses tenants that provide pathology, dermatology, and family medicine services. Ackerman will remodel the entire building. CBRE represented the seller. The Texas Real Estate Research Center has more on San Antonio’s medical market: […]
CYPRESS – Howard Hughes is building Parkland Row, a new neighborhood in the Bridgeland master-planned community. The neighborhood will have 288 homesites around a centralized park and lake near the intersection of Fry and Tuckerton Roads. Homes will range from 1,400 to 3,400 sf. David Weekley Homes is the project’s homebuilder. According to an RCLCO Real Estate Advisors report, the 11,500-acre Bridgeland […]
SANTA BARBARA, Calif. – From 2010 to 2019, almost 690,000 Californians relocated to Texas, according to a StorageCafé study. Harris County was the top destination for Golden State expatriates, with over 8,400 Californians relocating there. Most of the move-ins came from Los Angeles. The median home price was 57 percent cheaper in Harris County than in Los Angeles […]
FORT WORTH – Hillwood will develop Alliance Center North 8 and 9, two speculative industrial buildings totaling one million sf. The cross-dock buildings will have 36-ft clear heights, 185-ft truck court depths, office space, and LED warehouse lighting. Alliance Center North 8 will have 140 car parking spaces with 116 trailer parking spaces, while Alliance Center North […]
CASTROVILLE – Merit Commercial Real Estate is developing the 435-acre Alsatian Oaks master-planned development. The first phase will bring 233 homes, utility systems, and a parkway connecting to SH 90. At buildout, the community will have 950 homes; over 400,000 sf of restaurant, retail, and medical office space; and neighborhood parks and trails. Amenities will include a pool and […]
AUSTIN – RockFarmer Properties LLC and Wildhorn Capital LLC have acquired Enclave at Waters Edge, a 184-unit apartment complex at 12330 Metric Blvd. Built in 1986, the property has studio and one- and two-bedroom units. Amenities include a dog park, fitness center, outdoor lounge, game room, and three pools. RockFarmer will renovate the community. Newmark represented both […]
