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NewsTalk Texas RSS NewsTalk Texas compiled by the Real Estate Center at Texas A&M University

  • Metro Fort Worth apartments sold
    on November 24, 2020 at 5:00 pm

    ​​​HALTOM CITY – Bellrock Real Estate Partners has purchased Grand on Beach, a 304-unit apartment community at ​​4100 Northern Cross Blvd.  Built on 15 acres in 2019, the asset has units averaging 818 sf.  Amenities include a pool, fitness center, business center, outdoor dining lounge, and dog park.  Institutional Property Advisors represented the seller, CLX Ventures, and procured the buyer.  The Real Estate Center​​​​ has more information like this online for free: ​​​​Texas Quarterly Apartment Report​​ Dallas-area multifamily news ​Source: REBusiness Online

  • NRP Group developing 212-unit affordable housing project
    on November 24, 2020 at 5:00 pm

    ​SAN ANTONIO – NRP Group is developing Kitty Hawk Flats, a 212-unit affordable housing development at the northeast corner of Kitty Hawk and O'Connor Road​s.  The property will have one- to four-bedroom units. Some units will be reserved for renters earning between 30 and 70 percent of the area median income.   Construction will be complete by March 2022.  KeyBank provided $54.4 million in financing. The Real Estate Center has more news like this online for free: Texas Quarterly Apartment Report San Antonio multifamily news​ Source: ​REBusiness Online

  • Silver Ventures picks up 2.17 acres north of Pearl
    on November 24, 2020 at 5:00 pm

    ​​SAN ANTONIO – Silver Ventures has acquired 2.17 acres at 102 E. Josephine St.  The property includes a 34,450-sf wareh​ouse.  The Real Estate Center has more on San Antonio's industrial ​market: San Antonio industrial news​​ ​​Texas Quarterly Commercial Report​ ​Source: San Antonio Business Journal

  • New Las Colinas hotel gets the OK
    on November 24, 2020 at 4:00 pm

    ​​​​IRVING – Arlington-based Type Six Design & Development has received​ zoning ​​approval for a six-story Hotel Indigo in Las Colinas. The 150-room hotel will include a restaurant and meeting space. Construction starts in second quarter 2021.  Get more Dallas hotel news​ on the Real Estate Center's website. ​Source: ​Dallas Morning News

  • Move.org: El Paso most affordable city for renters
    on November 24, 2020 at 4:00 pm

    ​​​​​SALT LAKE CITY ​​– El Paso has taken the top spot on Move.org's list of U.S. cities with the lowest cost of living for renters.  According to the report, the Far West Texas city has a total monthly cost of living of $1,324 per person. This includes $710 for renting a one-bedroo​m apartment.  Corpus Christi was the next Texas city on the list, ranking seventh. The average one-bedroom apartment rent is $957, and the total cost of living is just under $1,538 per person.  Plano rounded out the top 15 rankings. The average rent for a one-bedroom apartment is $1,160, bringing the total cost of living to just under $1,753. At $2,303, Austin had the highest average monthly cost of living of all Texas cities evaluated. However, the Texas Capital is still more affordable than coastal cities.  The rest of the top five most affordable renter cities are Wichita, Kan.; Lincoln, Neb.; Tucson​, Ariz.; and Lexington, Ky. ​ To determine the rankings, Move.org analyzed the 75 most populous cities according to the U.S. Census Bureau using data from Numbeo.com, the Bureau of Transportation Statistics, and the U.S. Department​ of Transportation. The Real Estate Center​​​​ has more information like this online for free: Residential Rent Protection and COVID-19 ​​​​Texas Quarterly Apartment Report​​ ​Source: Move.org