Texas

Trailhead-at-Chisholm-Trail-Ranch-Fort-Worth

Titan Development, Aberg Property Break Ground on $63M Multifamily Project in Fort Worth

by Taylor Williams June 1, 2022

FORT WORTH, TEXAS — A partnership between Titan Development and Dallas-based investment firm Aberg Property Co. has broken ground on The Trailhead at Chisholm Trail Ranch, a $63 million multifamily project in Fort Worth. The 284-unit development will be situated within the 625-acre Chisholm Trail Ranch master-planned community. Units will be spread across seven buildings and will be available in studio, one-, two- and three-bedroom formats. Amenities will include a pool, dog park and a pickleball court. HEDK Architects is designing the project, and Links Construction LLC is the general contractor. Completion is slated for the first quarter of 2025.

June 1, 2022

Acquisitions Multifamily Texas

Marcus & Millichap Brokers $56M Sale of Three Houston Multifamily Properties

by Taylor Williams June 1, 2022

HOUSTON — Marcus & Millichap has brokered the $56 million sale of three Houston multifamily properties. Ridgepoint Apartments totals 168 units, was built in 1980 and sold for $21.3 million. Green Tree Place comprises 196 units, was constructed in 1983 and traded for $22.6 million. Pine Lake Village consists of 96 units, was delivered in 1983 and fetched a price of $12.1 million. Matthew Peters and Matthew Roth of Marcus & Millichap brokered the deal. The buyer and seller were not disclosed.

June 1, 2022

Development Multifamily Seniors Housing Texas

Anthology Senior Living Plans 130-Unit Community in North Austin

by Taylor Williams June 1, 2022

AUSTIN, TEXAS — Anthology Senior Living has announced plans to develop a 130-unit seniors housing community in North Austin. Anthology of The Arboretum will span 131,000 square feet and offer assisted living and memory care options. Units will be available in studio, one- and two-bedroom formats. Cadence McShane is the general contractor for the project, which is scheduled for completion in spring 2023.

June 1, 2022

Industrial Leasing Activity Texas

Holt Lunsford Negotiates 69,590 SF Industrial Lease in Carrollton, Texas

by Taylor Williams June 1, 2022

CARROLLTON, TEXAS — Holt Lunsford Commercial has negotiated a 69,590-square-foot industrial lease at Valwood Trade Center in the northern Dallas metro of Carrollton. Andrew Gilbert and Keaton Brice of Holt Lunsford represented the landlord, Boston-based TA Realty, in the lease negotiations. Steven Berger of CBRE represented the tenant, crating and packaging firm DGM Services Inc.

June 1, 2022

Industrial Leasing Activity Texas

Embroidery Graphix Signs 12,649 SF Industrial Lease in Northwest Dallas

by Taylor Williams June 1, 2022

DALLAS — Embroidery Graphix, a locally based company that manufactures personalized apparel, has signed a 12,649-square-foot industrial lease at 1489 Prudential Drive in northwest Dallas. Sean Smith, Brendan Zrowka and Lauren Pesqueda of Whitebox Real Estate represented the tenant in the lease negotiations. Jason Moser of Stream Realty Partners represented the undisclosed landlord.

June 1, 2022

Industrial Market Reports Texas Texas Market Reports

Population Growth, Industrial Activity Explode Along Central Texas’ I-35 Corridor

by Taylor Williams June 1, 2022

By Paige Suvalsky, field research manager — Central Texas, CBRE; Rob Burlingame, senior vice president — Central Texas, CBRE; and Miller Hamrick, Texas industrial & logistics research lead, CBRE CBRE Research recently profiled Austin and San Antonio as an “emerging” industrial market along the Interstate 35 corridor in Central Texas. This region makes up much of the western portion of the “Texas Triangle”, a mega-region on a global scale that had an economic output of $1.5 trillion in 2021 and a population of just over 20 million people. The Texas Triangle represents a top 25 global economy, just ahead of Spain. The northern apex of the Texas Triangle, Dallas-Fort Worth (DFW), is projected to surpass Chicago by 2034-2035 to become the third-most populous urban region in the United States with a population of 9.4 million. This massive boom in population and business is driving the current rush to Central Texas and pushing regional and national developers to stake their claims in this growing market. Currently, about 5.5 million people live between the stretch of Texas from Laredo to Georgetown, and this area’s population is expected to grow by 10.8 percent over the next five years. According to data from the …

June 1, 2022

Acquisitions Multifamily Northmarq Texas

Northmarq Arranges Sale of 659-Unit Urban Palms Apartments in West Houston

by Taylor Williams May 31, 2022

HOUSTON — Northmarq has arranged the sale of Urban Palms, a 659-unit apartment community in the Chinatown area of West Houston. The property was built in 1979 and renovated in 2017. Units feature energy-efficient appliances, washer/dryer connections and private balconies/patios. Amenities include two pools, a fitness center, business center, playground, grilling and picnic areas and onsite laundry facilities. Justin Chambers and Scott Lamontagne of Northmarq represented the Southern California-based seller and the undisclosed buyer in the transaction. Joel Heikenfeld, James Currell and Emily Balazik, who are also with Northmarq, arranged acquisition financing and joint venture equity for the deal.

May 31, 2022

Acquisitions Multifamily Texas

Weidner Acquires 644-Unit Harmony Hills Apartments in Metro Dallas

by Taylor Williams May 31, 2022

ROWLETT, TEXAS — Seattle-based Weidner Apartment Homes has acquired Harmony Hill, a 644-unit multifamily development located in the northeastern Dallas suburb of Rowlett. The community offers one-, two- and three-bedroom units that are furnished with stainless steel appliances, granite countertops, tile backsplashes, built-in desks and covered balconies. Amenities include two pools, an entertainment and media room, fitness center, outdoor grilling stations, a coworking lounge, dog park, resident clubhouse and walking trails. Kevin O’Boyle of CBRE brokered the deal. The seller was Huffines Communities. The property traded off-market for an undisclosed price.

May 31, 2022

Acquisitions Multifamily Texas

Westmount Realty Capital Sells 376-Unit Apartment Community in Southeast Houston

by Taylor Williams May 31, 2022

HOUSTON — Dallas-based investment firm Westmount Realty Capital has sold Westmount at Summer Cove, a 376-unit apartment community in southeast Houston. Units come in one- and two-bedroom formats and average 729 square feet. The amenity package comprises two pools, a playground, fitness center, leasing office with a coffee bar and open green spaces. Westmount acquired the asset in 2015 and implemented a value-add program that added features such as brushed nickel hardware, new lighting fixtures, resurfaced countertops and vinyl wood plank flooring. The buyer and sales price were not disclosed.

May 31, 2022

Development Multifamily Seniors Housing Texas

Anthology Senior Living to Develop 121-Unit Community in Dallas

by Taylor Williams May 31, 2022

DALLAS — Anthology Senior Living will develop a 121-unit community in the Highland Park area of Dallas. Anthology of Highland Park will be an 11-story building with 97 assisted living residences and 24 memory care suites, available in studio, one-bedroom and two-bedroom configurations. The 144,000-square-foot community will be located within three miles of UT Southwestern Medical Center and within one mile of the Knox Street retail corridor. Cadence McShane is the general contractor for the project, which is scheduled for completion in spring 2023.

May 31, 2022

Newer Posts

Older Posts