EL PASO – Olsen Capital Investments has purchased a 129-unit apartment complex at 525 and 670 N. Carolina Dr. for $7.3 million. Built in 1982, Hacienda Heights has two-bedroom units averaging 600 sf. The new owner will renovate the property and increase rent. Marcus and Millichap brokered the transaction. The Texas Real Estate Research Center has […]
If you’re trying to decide whether to rent or buy a home, you’re probably weighing a few different factors. The financial benefits of homeownership might be one of the reasons you want to make a purchase if you’re a renter, but the decision can also be motivated by having a place that’s uniquely your own. […]
TEMPLE – Blueprint Healthcare Real Estate Advisors has negotiated the sale of a 70-unit transitional care facility. Mainstreet developed the newly constructed property but never opened it. A private investor paid $10.5 million for the property, which will be used as a specialty post-acute hospital. The Texas Real Estate Research Center has more news like this: Killeen-Temple […]
SAN ANTONIO – Federal Capital Partners and One Real Estate Investment have acquired The Summit, a 284-unit, Class B apartment complex at 1955 Lankspur Dr. Built in 1984, the Summit has one-, two-, and three-bedroom units averaging 870 sf across two- and three-story buildings. Amenities include a clubhouse, playground, dog park, and two swimming pools. Berkadia represented […]
AUSTIN – TruAmerica Multifamily has purchased a 230-unit, Class B apartment complex at 2302 E. William Cannon Dr. Built in 2001, Canon Oaks has two-, three-, and four-bedroom units averaging 1,000 sf. Amenities include a pool, fitness center, clubhouse, basketball court, and children’s play area. The seller was a partnership between Old Three Hundred Capital and Arrowmark […]
WILMER – Stream Data Centers is planning a $50 million data center near I-45. The 135,000-sf first phase starts this summer on a site south of Belt Line Rd. Completion is set for next summer. 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 News […]
DALLAS – Newmark is leasing two floors in The Link, a newly built, 25-story office tower in Uptown. The lease includes 46,338 sf on the 15th and 16th floors. It will combine three area Newmark offices into one space. The company’s space will be fully built out by fourth quarter 2022. Newmark was self-represented while Thirty-Four […]
WASHINGTON – Austin has ranked fourth on WalletHub’s list of the best cities to start a career in 2022. The Texas Capital ranked third in quality of life and 8th in professional opportunities. It was also third in highest monthly average salary when adjusted for cost of living. The rest of the top five cities are No. 1 Salt […]
If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this will impact your homeownership plans. Today, buyers are reacting in one of two ways: they’re […]
MIDLOTHIAN – Hillwood is building Crossroads Logistics Park, a 350-acre business park on US 67. The one million-sf development will include four buildings valued at more than $60 million. The city agreed to provide $5 million in incentives. Designed by GSR Andrade Architects, the project will be complete early next year. The Texas Real Estate Research Center has more […]
