AUSTIN – Texas unemployment held steady in January at 3.5 percent, according to the Texas Workforce Commission. Employers added 279,000 jobs over the past year and 19,500 jobs in January, an annual employment growth rate of 2.2 percent for that month. This marks 117 consecutive months of annual growth. The state’s employment growth rate has held […]
Archives: March 2020
Trammell Crow, High Street developing Block Yard
AUSTIN – Trammell Crow Co. and its residential subsidiary High Street Development is developing the 280,000-sf Block Yard mixed-use development at 2900 E. Martin Luther King Jr. Blvd. The project will have 302 rental units, 63,800 sf of office space, and 4,200 sf of ground-floor retail. The multifamily portion will have a mix of affordable […]
Former Abilene middle/high school getting new life
ABILENE – Work has started on converting the former Lincoln Middle School/Abilene High School building into Abilene Heritage Square, an entertainment and civic center. The 105,000-sf building at 1699 S. First St. will include a 700-seat auditorium, a centralized location for the Abilene Public Library, and an extension of the Grace Museum. Renovations are estimated […]
DFW immigration services building opens
IRVING – Trammell Crow Co. and ElmTree Funds have completed the U.S. Citizenship and Immigration Services’ Texas Service Center. The 259,947-sf building is at 6064 N. Belt Line Rd. on 27 acres leased from the DFW International Airport. Gensler was the project architect, and Mycoskie McInnis Associates handled the landscape architecture. Work started on the one-story, Class […]
Two Big Myths in the Homebuying Process
The 2020 Millennial Home Buyer Report shows how this generation is not really any different from previous ones when it comes to homeownership goals: “The majority of millennials not only want to own a home, but 84% of millennials in 2019 considered it a major part of the American Dream.” Unfortunately, the myths surrounding the […]
Work starts on Mueller district office
AUSTIN – Black Creek Group has sold a 156,024-sf office building to Ascension Seton. The property at 1345 Philomena St. in the Mueller district serves as the buyer’s headquarters. SVN | Angelic and the Centurion Foundation represented the buyer. CGA Capital is providing $83.8 million in acquisition financing. The Real Estate Center has more office news for Austin-Round […]
Presidium breaks ground on 370-unit San Antonio apartments
SAN ANTONIO – Presidium has started work on Presidium at Chase Hill, a 370-unit apartment project on 17 acres on the northwest side. Amenities will include pools, outdoor grilling areas, a two-story fitness center, Wi-Fi lounges, and a rooftop terrace. RES Associates Inc. designed the project. Pape-Dawson is the engineer, and Hitchcock Design Group is the […]
UTSA off to the RACEs
SAN ANTONIO – The University of Texas at San Antonio has started work on the Roadrunner Athletics Center of Excellence (RACE), a $41.5 million athletic training center. The 95,000-sf facility will be on 11 acres on Babcock Dr. near the southwest corner of the university’s campus. It will offer 7,000 sf of academic space, 14,000 […]
Moove on over: Borden Dairy plant becoming MXU development
SAN ANTONIO – The San Antonio Historic and Design Review Commission has approved the redevelopment of a former Borden Dairy Co. plant in the city’s Tobin Hill District. The 70,000-sf building at 875 Ashby Pl. will have 55,000 sf of office space. The rest will be retail and event space. Developers Embrey Partners and Area […]
Five Texas cities among most recession-resistant nationally
NEW YORK – Five Texas cities have landed on SmartAsset’s list of the top ten most recession-resistant cities in America. “Texas performs particularly well for its state’s rainy-day funds as a percentage of state expenditures—ranking second-highest of all 50 states at almost 19 percent,” SmartAsset analysts said. No. 1 Frisco was in the top 11 of all three broad categories SmartAsset […]