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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

​​​​​Image of the shopping center. ​BEAUMONT – A Houston-based LLC has purchased Mars Plaza, a 26,500-sf shopping center at 2949 College St. 

Built on 2.5 acres in 2013, the two-building property is home to Little Caesars, Lone Star Tax Service, Farmers Insurance, and Magic Fiesta. 

Marcus & Millichap represented the seller, a locally based developer.

Texas logoIf you're looking for more news like this, head to the Center's website.

​​​​Image of one of the 15 buildings on the property. HOUSTON – Western Wealth Capital has acquired Oak Grove Apartments, a 272-unit community at 10770 Barely Ln. 

The 24.5-acre property has 15 two- and three-story buildings with one- to three-bedroom floor plans.

Amenities include a swimming pool, gym, dog park, and playground. 

Berkadia arranged $22.6 million in financing​ from Voya Financial on behalf of the buyer.

Texas logoThe Real Estate Center​​​​ has more information like this available online for free:

​Source: Multi-Housing News​

​​​​​​Villas Del Sol and WedgewoodFORT WORTH – A Dallas-based limited liability company has sold two multifamily communities totaling​ 222 units.

Villas Del Sol at 6100 Westcreek Dr. and Wedgewood Apartments at 2819 Walton Ave. have 104 and 118 units, respectively. 

Marcus & Millichap marketed the properties on behalf of the seller and secured the buyer, a private investor. 

The new owners will change property management and implement ​a capital improvement program.  

Texas logoThe Real Estate Center​​​​ has more information like this online for free:

​Source: Marcus & Millichap

​​Units at Academy Mini Storage at 706 SH 95LITTLE RIVER-ACADEMY – Temple-based Grossman Family Trust has sold Academy Mini Storage, a 208-unit storage facility at 706 SH 95.

Built in 2003, the property offers 27,000 sf of rentable space and nine acres for future expansion.

Bellomy & Co. represented Grossman.

The facility was 68 percent occupied at closing.

Texas logoGet more Killeen-area news on the Real Estate Center's website:

​Source: Bellamy & Co.

​​​Holiday Inn Express at 409 E. Missouri Ave.EL PASO – Landstar Hotels, a hotel group based in Ciudad​ Juarez, has purchased the 112-room Holiday Inn Express at 409 E. Missouri Ave.​​​

Renovations will begin this spring.

Landstar is also building the 100-room Springhill Suites by Marriott at 1300 Airway Blvd.

Texas logoGet more on the Real Estate Center's website: