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News – Austin

* This news feed is generated through NewsTalk Texas, provided by the Real Estate Center at Texas A&M University

​​DALLAS-FORT WORTH – Take a quick look at some recent North Texas real estate deals.

Sales:

  • Allen/Carrollton: Crow Holdings purchased McDermott Towne Crossing—a 42,651-sf center located at 1320 W. McDermott Dr.—and Carrollton Retail Center—a 14,484-sf center located at 3320 E Hebron Pkwy.
  • Carrollton: CCG Valwood LP has purchased a 22,506-sf industrial building on one acre at 1208 Tappan Circle.
  • Dallas: Peter Emish has purchased 1.44 acres at 2905 Thomas Ave. from McKinney Square Properties.

Lease: 

  • Coppell: Black Horse Carriers Inc. leased 63,911 sf of industrial space at Park West Crossing, 501 Southwestern Blvd.​​

​​​Stream and American National has sold the 93,000-sf property at 3120 Southwest Fwy. to Level Office.HOUSTON – Stream and American National has sold the 93,000-sf property at 3120 Southwest Fwy. to Level Office.

The building in Upper Kirby was appraised at $9.1 million by the Harris County Appraisal District in 2018.

"We made a good profit," said Stream's Craig McKenna. 

Stream will continue to manage and lease the building, which is currently 75 percent occupied.

​​Image of the future Elizabeth at Presidio.NORTHWEST AUSTIN – Construction has started on a multifamily community—The Elizabeth at Presidio.

Located at SH 45 & N Lake Creek Pkwy., the 373-unit complex will have one-, two-, and three-bedroom floor plans.

The apartments will range in size from 504–1,938 sf.

The community is easily accessible to Hwy 183 and SH 45 and will be within walking distance of the Lakeline Metrorail commuter station.

Developer StreetLights Residential expects the first apartment homes to be available in 2019.

the 30,150-sf Menil Drawing Institute will open in November 2018. HOUSTON – The Menil Collection has announced that the 30,150-sf Menil Drawing Institute will open in November 2018. 


The $40 million facility will be the first freestanding museum facility created specifically for the exhibition, study, storage, and conservation of modern and contemporary drawings.

It will be the fifth art building on the Menil's 30-acre campus, joining the main museum building, the Cy Twombly Gallery, the Dan Flavin installation at Richmond Hall, and the Byzantine Fresco Chapel.

​SPRING – Spring Independent School District (Spring ISD) unveiled the design for the new middle school it plans to build.

Spring ISD unveiled the design for the new middle school it plans to build.

The still unnamed middle school will be located next to Northgate Crossing Elementary School, east of the North Fwy. and north of the Grand Pkwy.

The new two-story school will be more than 149,000 sf on a 32-acre property and have a capacity of 725 students.

The school is expected to cost $50 million as one of the district's bond projects.