Legacy Partners (“Legacy”), a privately held national real estate firm, and HGC Investment Management, announced today the close of a 3.38-acre development site in Irving, Texas’s lakefront community of Las Colinas. The multifamily development, Legacy Lakeshore, will be comprised of 293 units ranging from a 580-square-foot studio to a 1,945-square-foot two-bedroom apartment. The community is set to deliver in 2020.
The United States China reached a 90-day cease-fire in a trade dispute that has rattled financial markets threatened world economic growth. The breakthrough came after a dinner meeting between President Donald Trump Chinese leader Xi Jinping at the Group of 20 summit in Buenos Aires.
The worst wildfires in California and Los Angeles history have devastated more than 200,000 acres across the Golden State, destroying an estimated 9,200 properties including commercial buildings, movie setsfarms in the week since they broke out.
The San Francisco-based real estate company paid $94.2 million, or about $240,000 per unit, for Adara Herndon in Herndon, Virginia - a deal completed days after nearby Crystal City in Arlington, Virginia, was disclosed as a front runner in the sweepstakes for Amazon’s second headquarters, dubbed HQ2.
GDP grew at a better-than-expected annualized rate of 3.5% in Q3, compared with 4.2% in Q2. While Q3 GDP growth was strong, its deceleration from Q2 reflected a downturn in exportsnonresidential fixed investment.
DallasFort Worth are acting surprisingly differently in apartment rent growth these days, with Fort Worth clocking a healthy 3.1% rent growth to Dallas’ sluggish 1.3% rent growth, according to third-quarter multifamily statistics from RealPage.
In an effort to expand its value-add multifamily portfolio in Texas, ClearWorth Capital LLC purchased The Edge at City Centre, a 284-unit apartment complex in Houston.
The influx of people moving to Texas is strongly related to statewide housing affordability, according to a new report from RentCafé. A housing-related concern is the No. 1 reason people move, with more than half of those who relocated last year naming that as the impetus to RentCafé. A work-related relocation came in second, at 18%.
