HASLET – Angelo Gordon Real Estate Inc. purchased Life Storage, a 623-unit self-storage facility at 12460 US 287. The property spans 78,950 net rentable sf. Bellomy & Co. represented the seller, a locally based limited partnership, and procured the buyer. The Texas Real Estate Research Center has more on DFW’s retail market: Texas Quarterly Commercial Report DFW […]
Amazing Magnets breaks ground on 40K-sf HQ
ROUND ROCK – Amazing Magnets LLC has broken ground on its 40,000-sf headquarters at 1992 Steam Way. The facility will sit on 1.8 acres in the Altman Business Park. The company is relocating from Anaheim, Calif., and operating out of a temporary office. Construction will be complete by the end of August. Altman Development Group […]
Rosenberg self-storage facility sold
ROSENBERG – Delaware-based BCORE Storage Jennetta LP has purchased Texas Storage, a 335-unit self-storage facility. The property spans 44,718 net rentable sf. Bellomy & Co. represented the seller, locally based Diehl Investments II LP, and procured the buyer. Get more Houston-area news on the Texas Real Estate Research Center’s website: Texas Quarterly Commercial Report Houston-The Woodlands-Sugar Land […]
Microsoft buys 34 acres from Valero
SAN ANTONIO – Microsoft has acquired 33.55 acres from Valero Energy Corp. The land is near the Valero data center at 3535 Wiseman Blvd. The Texas Real Estate Research Center has more on San Antonio’s industrial market: San Antonio industrial news Texas Quarterly Commercial Report Source: San Antonio Business Journal
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Why Right Now May Be the Time to Sell Your House
The housing market made an incredible recovery in 2020 and is now positioned for an even stronger year in 2021. Record-low mortgage interest rates are a driving factor in this continued momentum, with average rates hovering at historic all-time lows. According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR), buyer demand across the country is […]
Longtime Center chief economist, research economist retire
COLLEGE STATION – Dr. James Gaines, chief economist and director of research at the Texas Real Estate Research Center, and Research Economist Dr. Ali Anari have retired. During his 15 years at the Center, Gaines specialized in housing and land development issues. He was the author of more than 50 Center reports and articles and the […]
RightQuest breaks ground on Siena Round Rock apartments
ROUND ROCK – RightQuest Residential has broken ground on Siena Round Rock, a 198-unit luxury apartment community at the northeast corner of CR 110 and CR 112. The property will offer efficiency and one- and two-bedroom units. Rents will range from $1,158 to $1,578 per month. Amenities will include a clubhouse with media center, business center, fitness […]
Nonprofit completes $17.5M affordable apartment complex
SAN ANTONIO – Alamo Community Group has completed Museum Reach Lofts, a 94-unit apartment complex at 1500 N. St. Mary St. The five-story property offers studio and one- and two-bedroom units. Rents range from $325 to $1,200 per month. The property is 50 percent leased. Concept Builders was the general contractor. GRG Architecture was the designer. The […]
Cawley, Staubach acquire 475K-sf Southlake campus
SOUTHLAKE – Cawley Partners and Staubach Capital have purchased the 475,000-sf, two-building office campus at 3150 Sabre Dr. Sabre Corp. has signed a 12-year lease for the entire 265,000-sf Building A. It also entered into a short-term lease for the 210,000-sf Building B. Cawley Partners will fully renovate Building B starting in first quarter 2022. The Texas Real Estate […]