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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

HOUSTON – The Belvoir Real Estate Group has acquired a 110,529-sf office building at 7660 Woodway Dr. in Memorial Villages.

The five-story, Class B building was built in 1982 and sits on a four-level parking garage.

Belvoir will renovate the common area and improve amenities.  

JLL represented the seller and secured acquisition​ financing.

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​Source: Houston Business Journal

​FULSHEAR – Texana Center, a behavioral and developmental healthcare service provider, is working on its new 14.5-acre campus near the intersection of Wallis St. and FM 359.

Phase one will include a Texans Bistro & Boutique to train individuals with disabilities to work in retail establishments such as a cafe or a shop. 

There will also be two classrooms housing the Children’s Center for Autism and Texana’s Center for Advancement.

Completion is set for late summer 2020. There will be room for additional phases. 

Texas logoThe Real Estate Center has more Houston-area medical news​ on our website for free. 

​​Source: Community Impact Newspaper

​​Rendering of new facility at Uvalde hospital

UVALDE – Hoar Construction has broken ground on a $90 million healthcare facility at Uvalde Memorial Hospital. 

The facility will have 32,870 sf of institutional space, 31,872 sf of administrative space, and an 11,500-sf central utility plant. 

It will house an emergency department, physical and occupational therapy department, radiology department, urgent care department, an intensive care unit, a 25-bed medical surgical inpatient unit, and 16 outpatient beds. 

Construction will wrap up in September 2021. 

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​​Source: REBusiness Online

Pool at Hawthorne at the District with plenty of tree cover

AUSTIN – Wildhorn Capital has purchased Hawthorne at the District, a 284-unit multifamily community at 2239 Cromwell Cir. 

Built in 1987, the property has one- and two-bedroom units. Rents range from $956 to $1,432 per month. 

Amenities include a pool, fitness center, clubhouse, dog park, and Amazon package lockers. 

The property was 97.5 percent occupied at the time of sale. 

NKF represented the sellers, Hawthorne Residential Partners and Midway.

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Rendering of Hanover Towers

AUSTIN – Hanover is building Hanover Republic Square, a 432,765-sf apartment tower at the southwest corner of 5th and Lavaca Streets. 

Designed by Solomon Cordwell Buenz, the 44-story building will have 310 ​units. 

Construction will wrap up in summer 2022. 

texaslogo.pngThe Real Estate Center has more news like this online for free: