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Category Archives: Industry

Texas employment recovery continues

​​​​​COLLEGE STATION – ​Initial unemployment insurance claims in Texas decreased to around 66,600 last week, marking the fourth consecutive week of declines. From March 21 to Aug. 1, around 3.15 million claims were filed in Texas, according to data from the U.S. Department of Labor (DOL).  Continuing unemployment claims decreased the week of July 25 to 1.17 million. “The drop in […]

130-unit Presidio Flats trades hands in San Antonio

​​SAN ANTONIO – Locally based JMB Group has purchased Presidio Flats, a 130-unit apartment complex at 5347 Blanco Rd.  Built in 1970, the property has one- to four-bedroom units. Rents range from $765 to $1,435 per month. ​ Amenities include a pool, volleyball court, playground, and laundry facilities.  Newmark Knight Frank represented the seller, Curtis Thigpen of […]

Rastegar adds half acre to SoCo redevelopment

​AUSTIN – Rastegar Property Co. has acquired a half-acre site at 106 Red Bird Ln. for its planned redevelopment at 5402 S. Congress Ave.  The site will feature a 155-unit wrap-style multifamily complex. The Real Estate Center has more news like this online for free: Texas Quarterly Apartment Report Austin multifamily news​ Source: Connect Media

Lewisville office building delivers

​​​​​LEWISVILLE – Bright Realty has completed Crown Centre at Castle Hills, a 109,000-sf office building. The four-story, Class A building is the first phase of the Crown Centre mixed-use project. The development will eventually consist of 35 buildings featuring three million sf of office space, 2,000 apartments, 140,000 sf of dining and retail space, 500 hotel rooms, […]

Bob Gilmore Senior Center redevelopment underway

​KILLEEN – The Bob Gilmore Senior Center at 2205 E. Veterans Memorial Blvd. is being redeveloped.  The new senior center will feature a billiards room, weight and aerobics room, renovated gym, banqu​et hall, and pickleball​ courts.  Construction will cost $3.5 million to $4.3 million and be complete by July 2022.  The Real Estate Center​​​​ has […]

2020 Homebuyer Preferences [INFOGRAPHIC]

Some Highlights A recent study from HarrisX shows the current health crisis isn’t slowing down today’s homebuyers. Many buyers are accelerating their timelines to take advantage of low mortgage rates, and staying home has enabled some to save more money to put toward a down payment. Let’s connect today if your needs have recently changed […]

Aura Avery Ranch apartments coming to North Austin

​​AUSTIN – A partnership between Rosewood Property Co. and Trinsic Residential Group is developing the 339-unit Aura Avery Ranch apartment community. The 16.1-acre complex​​ at 13100 Avery Ranch Blvd. will have one- to three-bedroom units.  Amenities will include a pool, fitness center, dog park, and clubhouse.  The first units will be available by spring 2021. Construction will […]

Katy MOB under new ownership

​​​​KATY – Montecito Medical Real Estate has purchased the newly built Mason Creek medical office building from Read King.  The 30,000-sf facility at 21820 Katy Fwy. was fully leased to Village Family Practice LLP and Memorial MRI & Diagnostics LLC at the time of sale. Arch-Con Construction was the general contractor. Colliers International brokered the sale. ​​​ […]