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RECON for October 5, 2021RECON for October 5, 20212021-10-05T05:00:00Z2021-10-05T05:00:00Z
What's happening in today's RECON? Manor Downs horse racetrack becoming industrial project, 700 prefab homes coming to Weston, designer signs Coppell lease, and more. Keep reading for the details. (Photo from the Dallas Morning News.)
October 5, 2021

Cardone Capital snags Houston Heights apartment pair

​​HOUSTON (Realty News Report) – Florida-based Cardone Capital has purchased the 646-unit The Heights Collection, which consists of two new, Class A multifami​ly properties. 

The 337-unit, eight-story 15th Street Flats at 1414 N. Shepherd Dr. was delivered in 2021. It has one- and two-bedroom floor plans ranging from 638 to 1,273 sf. 

Amenities include a rooftop pool, social and business lounges, a private dining room, outdoor living spaces with alfresco dining, outdoor kitchen with a pizza oven, direct-access elevators, and courtyard.

The eight-story Heights Waterworks at 515 W​​. 20th St. was completed in 2020. It offers 309 units with one- and two-bedroom floor plans ranging from 600 to 1,265 sf. 

​Berkadia Institutional Solutions has arranged the sale and financing.
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In Texas, a quitclaim in the chain of title often creates problems that don’t go away. A new Texas statute promises to alleviate these issues, but it doesn’t eliminate them completely. Read more in our latest research article.

Hoque Global building Fort Worth mixed-use development

​​FORT WORTH (Dallas Morning News) – Hoque Global will break ground next year on a mixed-use project near South Fwy. and Terrell Ave.

The 7.5-acre development will include townhomes, 320 apartments, 27,000 sf of commercial space, public amenities, and parking.

Some of the apartments will be available at below-market rates.

The developer and city are also trying to recruit a grocery store for the complex.

Merriman Anderson Architects designed the project. 
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Comunidad Partners buys 200 multifamily units in North Austin

​​​AUSTIN (REBusiness Online) – Comunidad Partners has acquired The Plaza at Windsor Hills, a 200-unit multifamily community at 9601 Middle Fiskville Rd.

Built in 1983, the property has one- and two-bedroom units ranging from $1,134 to $1,174 per month. 

Amenities include a pool, courtyard, dog park, playground, clubhouse, and business center.

Cushman & Wakefield represented the seller, One Real Estate Investment, in the transaction. 
NewsTalk Texas logoHungry for more Texas real estate news? Then feast your eyes on NewsTalk Texas, our online news database. Here are a few of the stories you'll find there this week: NewsTalk Texas is updated each weekday, throughout the day. 

326-unit multifamily community trades hands

​​​​SAN ANTONIO (REBusiness Online) – Terrain Capital Partners has purchased Haven at Westover Hills, a 326-unit apartment complex at 9914 W. Military Dr. 

Built in 2005, the property features one- to three-bedroom units. Rents range from $1,193 to $2,023 per month. 

Amenities include a pool, fitness center, volleyball court, playground, and massage room. 

IPA represented the seller, Flournoy Development Co., and procured the buyer. 
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Dalfen Industrial building 1M-sf industrial project

​​​AUSTIN (REBusiness Online) – Dalfen Industrial has acquired 146 acres at the site of the former Manor Downs horse racetrack for a 1 million-sf project. 

The development will​ include six buildings ranging from 70,000 to 365,560 sf.

 Construction will begin in third quarter 2022.
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Curious about Texas' commercial real estate market? Our research staff has got you covered. Your questions could be answered on our next episode of Texas Real Estate Research Today. Submit your questions here

700-prefabricated-home park underway in Weston

​​​​​WESTON (Dallas Morning News) – Megatel Group is building Golden Gate Community, a 700-home prefabricated housing project.

Homes will range from 550 to 2,400 sf.

Amenities will include a café, fitness center, swimming pool, and other outdoor recreation facilities.
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Louis Vuitton signs 212K-sf industrial lease in Coppell

​​​​COPPELL (REBusiness Online) – Louis Vuitton North America Inc. has signed a 211,100-sf industrial lease at 220 Freeport Pkwy. 

Newmark represented the tenant. Transwestern represented the landlord, Prologis.
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