GARLAND – GroundFloor Development has teamed up with the city on a $30 million residential and commercial project on the northwest corner of S. Garland Ave. and W. Ave. B in downtown. The four-acre site is currently home to a Chase Bank building, the former Wyatt’s Cafeteria, and other commercial buildings. GroundFloor will tear down the vacant cafeteria and […]
COLLEGE STATION – Texas’ initial unemployment claims increased to 51,500 the week ending Oct. 17, the second straight week of increases. This brings the total since March 21 to 3.7 million, according to data from the U.S. Department of Labor (DOL). Unemployment insurance claims remain three times higher than pre-pandemic levels. “This upsurge in initial claims is not […]
SAN ANTONIO – SOJO Urban Development has completed SOJO Commons, a 27-home townhome community at 774 E. Locust St. The property has three-story floor plans starting in the $500,000s. Amenities include garages, rooftop decks, elevators, and a pool. G.W. Mitchell Construction was the general contractor. Alamo Architects designed the project. The Real Estate Center has […]
AUSTIN – CAF Capital Partners has purchased The Aspect by Cortland, a 308-unit apartment complex at 4900 E. Oltorf St. Built in 2001, the property has one- to three-bedroom units. Rents range from $1,061 to $1,964. Amenities include a business center, clubhouse, fitness center, pool, and pet play area. Newmark represented the seller, Atlanta-based Cortland. […]
ARLINGTON – Cogent Capital has wrapped up work on a 937-unit Extra Space Storage facility. The five-story, 100,665-sf project includes an interior drive aisle, detached single-story units, and a 900-sf sales office. Extra Space Storage will manage the property. ARCO/Murray provided complete design-build services. The Real Estate Center has more on the North Texas retail market: Texas Quarterly Commercial […]
ROCKWALL – SWBC is nearing completion of The Royalton at Rockwell Downes, a 295-unit multifamily project at 2300 Discovery Blvd. The community will have one-, two-, and three-bedroom residences. Amenities will include a pool, spa, indoor/outdoor game room, fitness center with a spin studio, and dog wash saloon. The project is Phase I of a larger 590-unit development. The […]
AUSTIN – Pharmacists Mutual Insurance Group has purchased Davenport 360, a 37,500-sf office building at 6001 Bold Ruler Way. Law firm Slack Davis Sanger LLP is leasing a floor in the five-story building. Cushman and Wakefield represented the seller, Davenport 360 LLC. NAI Partners represented the buyer. The Real Estate Center has more office news […]
PLANO – Cawley Partners has broken ground on The Parkwood, a 120,000-sf office project at 3930 N. Dallas Tollway. Designed by Gensler, the Class A building will serve as headquarters for First United Mortgage, which will occupy over half of the space. The company will also open a First United Bank branch on the main […]
HOUSTON – The Menninger Clinic is building a 33,000-sf psychiatric outpatient center on its 50-acre campus at 12301 S. Main St. JLL is the developer. Kirksey Architecture is the designer and Tellepsen is the general contractor. Opening is set for Feb. 2022. The Real Estate Center has more Houston-area medical news on our website for free. Source: Realty […]
SAN ANTONIO – Venterra Realty has acquired The Park on Wurzbach, a 264-unit multifamily complex at 4707 Wurzbach Rd. The property offers one- to three-bedroom units. Rents range from $1,050 to $1,914 per month. Amenities include a pool, fitness center, game room, business center, clubhouse, and conference room. NorthMarq arranged $24.6 million in acquisition financing. The […]
