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San Benito Apartments' rents were 40% below market, and this off-market transaction was made possible due to an offer that included an initial non-refundable earnest money deposit and expedited feasibility period.
CityPlace is a 60-acre mixed-use development that, when fully developed, will include 4 million square feet of class-A office space with 400,000 square feet of retail space, a Marriott hotel and multifamily.
Risks and uncertainties factor into a property's marketability -- but they can also be an opportunity, which makes the appraiser's job even more difficult
Governments and civic owners are increasingly leveraging technology to address critical infrastructure needs but construction is slow to adopt, says Bill Smith of PlanGrid in this <b>EXCLUSIVE</b>.
Some properties are being sold within two years, and this quick timing was evident with 12 apartment communities that recently sold in North Texas totaling 3,200 units valued at $275 million.
Construction is underway on a 47-story 1-million-square-foot office tower on the 800 block of Texas Avenue, the former site of the Houston Chronicle, and the building will open in late 2021.