Oldham Goodwin Sells 250-Unit Multifamily Property in Portland, Texas

PORTLAND, TEXAS — Oldham Goodwin Group, a Texas-based development, management and brokerage firm, has sold Palm Bluff Place, a 250-unit multifamily property in the Corpus Christi suburb of Portland. Oldham Goodwin completed the project in 2017. Units are available in one-, two- and three-bedroom floor plans; range in size from 705 to 1,313 square feet; and feature stainless steel appliances, granite countertops and wood-style flooring. Amenities include a pool, fitness center, outdoor kitchen …

Tesla to Relocate Headquarters from Palo Alto, California to Austin

AUSTIN, TEXAS — Tesla (NYSE: TSLA) will relocate its headquarters from Palo Alto, California, to Austin, CEO Elon Musk announced at a company shareholder meeting on Thursday night. Information on where the company’s new headquarters office will be located and when the move will commence was not immediately available.The electric vehicle manufacturer announced in July 2020 that it had selected a development site near Austin-Bergstrom International Airport for its $1 billion Gigafactory. …

Lee & Associates Arranges $58M Sale of Holly Hall Apartments in Houston

HOUSTON — Lee & Associates has arranged the $58 million sale of Holly Hall Apartments, a 569-unit multifamily community in Houston. The sales price equates to roughly $102,000 per unit. The property is located on an 18.5-acre site near NRG Stadium and Texas Medical Center. Units range in size from 598 to 1,354 square feet and are furnished with custom cabinetry, granite countertops and individual washers and dryers. The amenity package consists of a pool, fitness center, spa, picnic area, …

Praedium Group Acquires 347-Unit Norra Apartments in Lewisville, Texas

LEWISVILLE, TEXAS — The Praedium Group, a New York City-based investment firm, has acquired Norra, a 347-unit apartment community located in the northern Dallas suburb of Lewisville. The newly built property offers one-, two- and three-bedroom units that feature stainless steel appliances, quartz countertops, vinyl plank flooring and full-sized washer and dryers. Communal amenities include a pool, fitness center, clubhouse, work lounge, recreational lounge with a kitchen, dog park and a …

Partnership Breaks Ground on 270,000 SF Life Sciences Building in Houston

HOUSTON — A partnership between Chicago-based investment firm Harrison Street, 2ML Real Estate Interests and local developer Hines has broken ground on a 270,000-square-foot life sciences building in Houston. The building, which represents the first phase of the Levit Green mixed-use development, is located on a 53-acre site adjacent to Texas Medical Center. Additional uses at Levit Green will include retail, residential and office space. DE Harvey Builders is the general contractor for the …

Noble Investment Group Buys 138-Room Hyatt Place Hotel in Round Rock, Texas

ROUND ROCK, TEXAS — Atlanta-based private equity firm Noble Investment Group has purchased the Hyatt Place Austin | Round Rock, a 138-room hotel located on the northern outskirts of Austin. Built in 2017, the pet-friendly property is situated within the La Frontera mixed-use development and offers a pool, fitness center, meeting rooms and complimentary breakfast service. The seller and sales price were not

CBRE Investment Management Buys 952,000 SF Industrial Property Near Fort Worth

HALTOM CITY, TEXAS — A fund sponsored by CBRE Investment Management, the entity formerly known as CBRE Global Investors, has acquired 820 Exchange, a roughly 952,000-square-foot industrial property in the Fort Worth suburb of Haltom City. Phoenix-based Creation developed the four-building property and completed it earlier this year. Two of the development’s four buildings that feature 30- to 36-foot clear heights and cross-dock/rear-load configurations were fully leased at the time of sale. …

Ryan Cos. to Develop 400,000 SF Office Building at Legacy West in Plano

PLANO, TEXAS — Minneapolis-based developer Ryan Cos. will build a 400,000-square-foot office building at Legacy West, a mixed-use development located on the northern outskirts of Dallas in Plano. The 24-story building will offer amenities such as a fitness center, tenant lounge, café, multiple conference rooms and open green space. Gensler is designing the project, construction of which is scheduled to begin in the first quarter of next year and to wrap up by the first quarter of 2024. The …

TSB Realty Arranges Sale of 858-Bed Student Housing Community Near UT Austin

AUSTIN, TEXAS — Pennsylvania-based TSB Realty has arranged the sale of Villas on Rio, an 858-bed student housing community located near the University of Texas in Austin. An affiliate of Blue Vista Capital Management purchased the property from Villas Student Housing for an undisclosed price. Completed in fall 2021, the property offers shared amenities including a rooftop pool with cabanas and a hot tub; a full spa with hydrotherapy pools, individual steam rooms, saunas and a meditation room; …

IPA Negotiates Sale of 233-Unit View at Belterra Apartments in Metro Austin

DRIPPING SPRINGS, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of View at Belterra, a 233-unit apartment community in Dripping Springs, a western suburb of Austin. The property was built earlier this year on eight acres within the 93-acre Belterra Village mixed-use development. Units feature one-, two- and three-bedroom floor plans with an average size of 988 square feet. Amenities include a pool, wellness center, coworking …

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