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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

​​TOMBALL – PDGL Partners LP has purchased 2.8 acres in the Tomball Business & Technology Park for the development of a 39,000-sf industrial project.

The multi​​tenant office/warehouse property will be constructed on a speculative basis.

Groundbreaking is set for late this year. 

Colliers International represented the seller, Tomball Economic Development Corp., in the land deal.

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

​Source: REBusiness Online

​CLEAR LAKE – ValCap Group has sold Towers at Clear Lake, a 216-unit multifamily pro​perty, to Raamco International.

Situated on 11.9 acres at 18707 Egret Bay Blvd., the property offers one to three-bedroom units.

Amenities include a fitness center, spa, pool, walking/biking trails, and basketball, tennis, and volleyball courts.

Marcus & Millichap’s Institutional Property Advisors represented the seller.

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

​Source: Connect Media

​​Frisco's The Star developmentFRISCO – ​​Blue Star Land is adding an 11-story office tower to its $1.5 billion Star development at the Dallas North Tollway and Warren Pkwy. 

The 327,000-sf building will have an attached six-level, 1,200-space parking garage. It will be on the west side of the tollway next door to ​the new Twelve Cowboys Way apartment tower. 

Designed by Dallas-based HKS, the tower will be the third in the Star. 

Plans are still underway and awaiting city approval.

Blue Star Land is owned by Dallas Cowboys owner Jerry Jones.

Texas logoThe Real Estate Center has more on DFW's office market:

apartment community in Round Rock tx

ROUND ROCK – San Antonio-based Lynd Acquisitions Group has purchased two local garden-style apartment communities.

The Enclave Frontera at 2800 La Frontera Rd. offers 411 one- to three-bedroom units. Rents range from $785 to $1,279 per month.

The 366-unit Lakeside at La Frontera at 941 Hesters Crossing Rd. offers one- to three-bedroom floor plans. Rents range from $885 to $1,515 per month.

Lynd will complete $15 million in ​renovations and upgrades to the assets.

TPG Real Estate Finance provided a $105 million acquisition loan. 

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

​​​HOUSTON – Classic Chevrolet Sugar Land has purchased a 49,100-sf industrial prop​​erty at 10000 W. Airport Blvd.

NAI Partners represented the seller, SES Properties. Re/Max Vintage represented the buyer.

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

​Source: Houston Business Journal