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Serenity at Cityside swaps handsSerenity at Cityside swaps handshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=279372022-08-12T05:00:00Z2022-08-16T20:00:00Z

​​​​HOUSTON – Better World Holdings and Crown Capital Ventures have purchased Serenity at Cityside.

The 362-unit multifamily property at 6061 Beverly St. has one-, two-, and three-bedroom units.

Amenities include a clubhouse, pool, and picnic areas.

The new owners will invest nearly $6 million in capital improvements.

The property will be rebranded as Aura Galleria. 

Texas logoThe Texas Real Estate Research Center​​​​ has more information like this online for free:

​Source: REBusiness Online​
REBUSINESS
Houston-The Woodlands-Sugar Land
Multifamily
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Partnership picks up Bridgewater ApartmentsPartnership picks up Bridgewater Apartmentshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=279242022-08-10T05:00:00Z2022-08-16T19:00:00Z

​​​​​​​TOMBALL – Sentinel Capital has sold Bridgewater Apartments at 1100 Graham Dr.

The 206-unit community offers one- and two-bedroom units ranging in size from 670 to 944 sf.

Amenities include a clubroom, pool, resident kitchen, business center, pet park, and picnic areas with grilling stations.

Berkadia represented the seller and arranged acquisition financing on behalf of the buyer, a partnership between Abundance Equity Partners, Rubio Investors, and Tranquility Capital. 

Texas logoThe Texas Real Estate Research Center​​​​ has more information like this online for free:

​Source: REBusiness Online​
REBUSINESS
Houston-The Woodlands-Sugar Land
Multifamily
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Waterton acquires 434-unit Plano apartment complexWaterton acquires 434-unit Plano apartment complexhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=279292022-08-11T05:00:00Z2022-08-16T17:00:00Z

​​​​​​​PLANO – Waterton has acquired Mission Gate Apartments at 8025 Ohio Dr.

Built in 1999, the 13-building apartment complex has 434 units.

The new owner will upgrade common areas and unit interiors. 

Texas logoThe Texas Real Estate Research Center​​​​ has more multifamily news online for free:

​Source: ​Dallas Morning News​
Dallas Morning News
Dallas-Fort Worth-Arlington
Multifamily
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Something new brewing at Commonwealth CenterSomething new brewing at Commonwealth Centerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=279362022-08-12T05:00:00Z2022-08-16T17:00:00Z

​​​​DALLAS – M2G Ventures is redeveloping the 112,741-sf Commonwealth Center at 3131 Irving Blvd.

The site will be converted into a flexible space supporting tenants with distillery, brewery, and roastery needs. It will be renamed The Archetype.

Upgrades will also include enhanced landscaping and public art installations.

Texas logoThe Texas Real Estate Research Center has more on DFW's industrial market:

REBUSINESS
Dallas-Fort Worth-Arlington
Industrial
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Younger Partners buys Fort Worth retail, office projectYounger Partners buys Fort Worth retail, office projecthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=279202022-08-10T05:00:00Z2022-08-16T16:00:00Z

​​FORT WORTH – Younger Partners Investments has purchased Crockett Row, a 282,334-sf mixed-use urban village covering five city blocks.

Built in 2009, the property includes retail and office space at 816 Foch St.

The site was 74 percent leased at the time of sale.

Texas logoThe Texas Real Estate Research Center has more information like this online:

Dallas Business Journal
Dallas-Fort Worth-Arlington
Mixed-Use
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Zion buys five Austin-area multifamily propertiesZion buys five Austin-area multifamily propertieshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=279412022-08-15T05:00:00Z2022-08-16T14:00:00Z

​AUSTIN – Locally based Zion Capital Group LLC has purchased five multifamily properties totaling 325 units.​

MCP Mueller Place LLC sold Mueller Place Apartments to Zion. The portfolio is comprised of the 86-unit Mueller Place I at 5800 Wellington Dr. and 24-unit Mueller Place II at 6301 Berkman Dr.

Zion also purchased the Villas at Mueller, a 124-unit community at 6103 Manor Rd. The seller was 6103 Manor Rd. LLC.

The final purchase was the Hyde Park Portfolio, which is comprised of Spanish Trails Apartments and Miller Square Apartments. 

The 40-unit Spanish Trails at 4520 Bennett Ave. was sold by Armadillo Spanish Trails Realty LLC. CSC Miller Square Realty was the seller of the 50-unit Miller Square at 918 E. 40 St. 

Northmarq Capital LLC facilitated $43.8 million in acquisition loans.

texaslogo.pngThe Texas Real Estate Research Center has more news like this online for free:
Austin Business Journal
Austin-Round Rock
Multifamily
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354-unit community coming to Conroe354-unit community coming to Conroehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=279392022-08-12T05:00:00Z2022-08-15T20:00:00Z

​​​​​​CONROE – Wood Partners has broken ground on Alta Sergeant, a 354-unit apartment community along I-45. 

Alta Sergeant will offer one-, two-, and three-bedroom units.

Amenities will include a pool, dog park, clubhouse, fitness center, business center, outdoor kitchen, and conference and entertaining spaces. Residents will also have access to surface parking and on-site car ports.

Preleasing will begin early next year with opening set for May 2023.

Texas logoThe Texas Real Estate Research Center​​​​ has more information like this online for free:

​Source: Connect CRE​
Connect CRE
Houston-The Woodlands-Sugar Land
Multifamily
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Partnership acquires San PalomaPartnership acquires San Palomahttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=279312022-08-11T05:00:00Z2022-08-15T17:00:00Z

​​​HOUSTON – RPM Living Investments and DRA Advisors have acquired San Paloma at 1255 Elridge Pkwy.

The 372-unit apartment community has one- and two-bedroom units averaging 1,050 sf.

Amenities include a fitness center, heated spa, dog park, pool, business center, playground, and outdoor lounge spaces.

A partnership between Blackstone and LivCor sold the property. Amerant Bank provided acquisition financing.

Texas logoThe Texas Real Estate Research Center​​​​ has more information like this online for free:

​Source: REBusiness Online​ 
REBUSINESS
Houston-The Woodlands-Sugar Land
Multifamily
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Incab America signs 40K-sf industrial leaseIncab America signs 40K-sf industrial leasehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=279262022-08-11T05:00:00Z2022-08-15T16:00:00Z

​​​ARLINGTON – Incab America has signed a 40,000-sf industrial lease at 2821 E. Randol Rd.

Built in 1968, the property is a single-tenant building.

Lee and Associates represented the landlord, Arden Logistics Management LLC. Transwestern represented Incab. 

Texas logoThe Texas Real Estate Research Center has more on DFW's industrial market:

REBUSINESS
Dallas-Fort Worth-Arlington
Industrial
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399-unit Sendaro at Trace on the way399-unit Sendaro at Trace on the wayhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=279342022-08-12T05:00:00Z2022-08-15T16:00:00Z

​​​SAN MARCOS – Highpointe Communities has started on Sendero at Trace, a 399-unit multifamily complex.

The $73 million project will have one-, two-, and three-bedroom options ranging from 775 to 1,300 sf.

Amenities will include a pool, fitness center, clubhouse, and outdoor gathering space.

Units will be available by the end of 2023.​

texaslogo.pngThe Texas Real Estate Research Center has more news like this online for free:
REBUSINESS
Austin-Round Rock
Multifamily
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Avondale adds 21-acre commercial site to portfolioAvondale adds 21-acre commercial site to portfoliohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=279352022-08-12T05:00:00Z2022-08-15T16:00:00Z

​​FORT WORTH – Avondale Development has purchased a 21-acre development site along Bonds Ranch Rd.

Avondale owns a 175-acre site behind the development that will become a ​​​retail center.

Avod Holdings LLC was the seller. Henry S. Miller brokered the deal.​​​​

Texas logoGet more Houston-area news on the Texas Real Estate Research Center's website:

​Source: REBusiness Online​

REBUSINESS
Dallas-Fort Worth-Arlington
Retail
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Beef processing plant coming to AmarilloBeef processing plant coming to Amarillohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=279402022-08-15T05:00:00Z2022-08-15T13:00:00Z

​AMARILLO – ​The city council has approved the construction of Producer Owned Beef, a $670 million beef processing plant. 

The 1,100-acre facility will process at least 3,000 head of cattle daily. 

It will employ more than 1,500 with a payroll of $120 million per year. 

Producer Owned Beef received more than $12 million from the Texas Enterprise Fund and $11.1 million in tax in​c​entives from the Amarillo Economic Development Corp. ​

Texas logoThe Texas Real Estate Research Center has more news like this:

Source: Connect CRE
Connect CRE
Amarillo
Industrial
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Houston medical office vacancy ticks upHouston medical office vacancy ticks uphttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=279332022-08-11T05:00:00Z2022-08-12T19:00:00Z

​​​​HOUSTON – Local medical office vacancy rose 0.4 percent since July 2021 to 16.7 percent last month, according to NAI Partners. 

The market recorded 588,000 sf of leasing activity year to date in July 2022. Overall net absorption totaled 80,000 sf.

So far this year, 1.1 million sf is​ under construction, and 235,000 sf has been delivered. 

The average asking full-service rent is at $26.22 per sf, up from $25.62 this time last year. 

Texas logoGet more Houston-area medical news on the Texas Real Estate Research Center's website:

​Source: NAI P​​artners

NAI Partners
Houston-The Woodlands-Sugar Land
Medical
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La Marketa de Porter under constructionLa Marketa de Porter under constructionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=279302022-08-11T05:00:00Z2022-08-12T17:00:00Z

​PORTER – Construction has begun on La Marketa de Porter, a 36,500-sf shopping center at the intersection of SH 59 and FM 1314.

The project will include a 10,000-sf grocery store and 3,000-sf bakery.​

Construction will wrap by the end of the year.

Texas logoGet more Houston-area news on the Texas Real Estate Research Center's website:

​Source: Community Impact Newspaper​

Community Impact Newspaper
Houston-The Woodlands-Sugar Land
Retail
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418K-sf warehouse building sold to Blumenfeld418K-sf warehouse building sold to Blumenfeldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=279322022-08-11T05:00:00Z2022-08-12T17:00:00Z

​​​DALLAS – Blumenfeld Development Group has acquired Tradepoint 20/45 at 4831​ Cleveland Rd.

The newly-built, 418,000-sf warehouse was developed by its seller, Champion Partners, and designed by Pross Design Group.

Texas logoThe Texas Real Estate Research Center has more on DFW's industrial market:

Dallas Morning News
Dallas-Fort Worth-Arlington
Industrial
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TAMUS approves Mays, Fort Worth lease expansionsTAMUS approves Mays, Fort Worth lease expansionshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=279252022-08-11T05:00:00Z2022-08-12T16:00:00Z

​​COLLEGE STATION – The Texas A&M University System Board of Regents has voted to expand the Mays Business School and a lease in Fort Worth.

Mays' Business Education Complex Project will be on Olsen Blvd. on the university's ​main campus. ​​It will include a four-story, 82,000-sf building with a cafe and an outdoor area called the Collaboration Plaza.

The $84.2 million project breaks ground in September with substantial completion slated for October 2024.  

​The Fort Worth lease expansion will add 10,630 sf for Texas A&M​University System offices at Burnett Plaza in downtown. 

The project is part of the university's plan to develop "Aggieland North," a research campus in downtown Fort Worth.

The university is working on the first two phases of the law school campus. 

Construction on the Law and Education Building and Research and Innovation Center buildings will begin in 2023.

Texas logoGet more College Station-Bryan real estate news on the Texas Real Estate Research Center's website. 

​Source: KBTX

KBTX
College Station-Bryan
Education
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528 Bearkat beds sold528 Bearkat beds soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=279272022-08-11T05:00:00Z2022-08-12T16:00:00Z

​​​HUNTSVILLE – Encore at Sam Houston, a 528-bed student housing property at 1410 Nottingham St., has been sold. 

The community serves Sam Houston State University and includes four-bedroom units. 

Amenities include a pool, fitness center, study lounges, pet park, and basketball and volleyball courts.​

Strafford Barrett brokered the sale.

Texas logoThe Texas Real Estate Research Center​​​​ has more information like this online for free:

REBUSINESS
NonMSA Texas
Multifamily
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Phase two of Vida San Antonio underwayPhase two of Vida San Antonio underwayhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=279282022-08-11T05:00:00Z2022-08-12T16:00:00Z

​​​SAN ANTONIO – Southstar Communities is moving forward with phase two of Vida San Antonio.

This phase will include 166 single-family homes and six townhomes.

Phase one had 268 single-family homes, which are now coming online. ​

Phase two will be ready for homebuilders by January 2023. Builders include Highland Homes, Lennar, and Perry Homes. 

At buildout, the master-planned community will have 1,000 student housing units, 1,400 apartments, and 1,600 homes. ​Completion will take 12 years. 

texaslogo.pngThe Texas Real Estate Research Center has more information on housing:​
San Antonio Business Journal
San Antonio-New Braunfels
Housing
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Regatta Bay swaps handsRegatta Bay swaps handshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=279112022-08-09T05:00:00Z2022-08-11T18:00:00Z

​SEABROOK – Brixton Capital has acquired Regatta Bay at 2555 Repsdorph Rd.

The 240-unit apart​ment community consists of 15 two- and three-story buildings.

Amenities include a pool, dog park, fitness center, and tenant lounge.

Texas logoThe Texas Real Estate Research Center​​​​ has more information like this online for free:

​Source: REBusiness Online​
REBUSINESS
Houston-The Woodlands-Sugar Land
Multifamily
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HGreg purchases 80,000-sf retail propertyHGreg purchases 80,000-sf retail propertyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=279122022-08-09T05:00:00Z2022-08-11T18:00:00Z

​HOUSTON – HGreg Investment of California has acquired an 80,000-sf retail property.

Built in 1965, the 7.7-acre property at 6737 S.W. Fwy. houses a car dealership.

Lee & Associates represented the buyer.

Texas logoThe Texas Real Estate Research Center has more local commercial real estate news like this online:

​Source: REBusiness Online
REBUSINESS
Houston-The Woodlands-Sugar Land
Retail
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