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RECENT NEWS:

  • Top-selling master-planned communities: mid-year 2018
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    ​​​​U.S. – Every year since 1994, RCLCO has conducted a national survey identifying the top-selling MPCs (Master-Planned Communities) through a rigorous search of high-performing communities in each state. In this update for mid-year 2018, we have surveyed MPCs throughout the country to establish the updated rankings following the release of The Top-Selling Master-Planned Communities... Read more »
  • Apartment mismatch: San Antonio's renters the pickiest
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    ​​​SAN ANTONIO – America’s pickiest renters hail from none other than Alamo City.San Antonio renters have the biggest list of demands when it comes to choosing a property, according to the report "Rental Mismatch​" from Apartment List.According to the data, San Antonio renters can afford to be choosy.The city is... Read more »
  • Austin's retail 'hotter than a preacher's knees'
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    ​​​​AUSTIN – Despite several recent high-profile closures—and more still on the horizon—the Central Texas retail sector is red hot.Weitzman's mid-year ​2018 retail report "The Texas Snapshot" found that Austin’s 96.1 percent retail occupancy rate is the highest in the state—and one of the best in the nation.Britt Morrison, senior vice president... Read more »
  • Houston office sector: increasing vacancy, leasing volume
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    ​GREATER HOUSTON – Although deal volume is up slightly in region’s office market, the sector's vacancy and sublease rates are continuing to creep upward, according to Savills Studley's “Houston Office Sector Report: 2Q 2018.”The area’s overall office market vacancy rate increased to 28.2 percent in 2Q 2018, a modest increase... Read more »
  • Old, but sold: North Texas multifamily portfolio
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    ​​DFW – Exponential Property Group acquired an eight-property, 2,048-unit portfolio in North Texas from Canadian-based Berezan Investments. The portfolio traded for the first time in 28 years.​Built between 1977 and 1985, most of the communities in the Quality Estates Value-Add Portfolio feature swimming pools, parking spaces, playgrounds, and laundry facilities. The properties... Read more »
  • Big Bend ghost town hits the market
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    ​​​​​TERLINGUA, BREWSTER COUNTY – A 62-acre town with all the amenities of an early 1900s village recently hit the market for $1.75 million.The Villa de la Mina, a ghost town in Terlingua, has about 20 standing buildings, each with rock walls and cement floors.Near Big Bend National Park in West Texas, it... Read more »
  • Incoming 660-home subdivision to Killeen
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    ​​​​KILLEEN – Homes are beginning to pop up in the 660-home Heritage Oaks subdivision on Chaparral Rd. near the border of Killeen and Harker Heights.According to Carothers Homes, the homebuilder in the subdivision, the largest homes will cost around $300,000 and be up to 2,000 sf in size.The subdivision is at the... Read more »
  • The Noah’s Ark of NW Houston’s commercial space
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    ​​​​WALLER, WALLER COUNTY – Houston-based Wolff Cos. acquired 521 acres in northwest Houston and is planning a major development with light industrial, office, and single-family homes—all of which sits high above sea level.Named Beacon Hill, the $15-$20 million flood-resistant business park is located on one of the highest points of... Read more »
  • Retail, land, and industrial deals
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    ​DALLAS-FORT WORTH – Albanese Cormier Holdings purchased the 105,605-sf Renaissance Square shopping center located at 2700 Renaissance Dr. in Fort Worth.The 20.67-acre property, built in 2014, was 98.5 percent occupied at the time of its purchase.​Other deals include:LandMESQUITE: YA Live Oak Landholdings LLC sold 16.49 acres at 2749 I-30 to T&T... Read more »
  • U.S. Army to locate Futures Command in Austin
    ​AUSTIN – Austin will be home to the U.S. Army Futures Command​, the Department of Defense has announced—making it one of the most substantial centers of private-sector military activity outside Washington D.C.The Futures Command joins DIUx, the Pentagon’s innovation section, and AFWERX, the Air Force’s innovation and research hub—both of... Read more »
  • CBRE: Austin office market resilient
    ​​AUSTIN ​​​– ​​The local office market continued to expand in second quarter 2018. According to a CBRE report, the average asking rent hit $35.84 per sf, a historic high. ​​Vacancy and absorption also grew in the second quarter, hitting 10.7 percent and 76,902 sf, respectively. There was almost 4.2 million sf of office space... Read more »
  • Dallas-area million dollar home sales down in second quarter
    DALLAS ​​– ​Last quarter, 357 North Texas homes priced at a million dollars or more changed hands. That's down 4 percent over the year, according to Coldwell Banker. ​But during that same time, median prices for luxury homes rose almost 5 percent to $1.47 million. ​Coldwell Banker reports that DFW million dollar homes sold in... Read more »
  • Fein buys land for 304-unit Post Oak apartment complex
    ​​HOUSTON – Locally based Fein has acquired 3.3 acres for the development of Reverie at River Hollow. ​​The 304-unit apartment community offers one-, two- and three-bedroom floor plans ranging from 558 to 1,966 sf. It was designed by Steinberg Dickey Collaborative. Groundbreaking is set for August, and completion is scheduled for fourth quarter 2020.JLL... Read more »
  • 23-story senior-living community underway
    ​​​HOUSTON – Tradition Senior Living LP has broken ground on the Tradition-Woodw​​ay, a 23-story, high-rise, senior-living rental community.The tower at 6336​ Woodway Dr. ​​will include 222 independent-living units and 92 assisted-living/memory-care units.Completion is set for ​April 2020. The on-site information center will open in fourth quarter 2018. Jackson & Ryan Architects is the architect. D.E.... Read more »
  • Frisco, McKinney among best cities for first-time homebuyers
    ​​​WASHINGTON – Frisco and McKinney have ranked seventh and eighth, respectively, on WalletHub's list of the 2018's best cities for first-time homebuyers. Frisco ranked second in real estate market "hotness" and 44th in quality of life. It was 152nd in affordability. McKinney ranked first​​ in real estate market "hotness." It was 42nd in quality of... Read more »