KILLEEN – First National Bank is developing a five-story, 47,653-sf commercial office building at 2201 Trimmier Rd. The building will have a full-service bank on the first floor and executive level and professional support departments on floors two through five. It will house 130 full-time jobs. Construction will take 75 weeks. The city council approved […]
DEVINE – A national oilfield services firm has purchased a 35,183-sf industrial building along I-35. Marcus & Millichap arranged the transaction. Get more San Antonio industrial news on the Real Estate Center’s website: Local industrial news Texas Quarterly Commercial Report Source: REBusiness Online
PLANO – KDC has topped out the second phase of a 540,000-sf, build-to-suit office expansion project for JPMorgan Chase at the Legacy West mixed-use development. With its new 12-story tower, which will be complete in May 2021, Chase will be able to grow its workforce by 4,000. Campus amenities will include training and conference space, a food court, dining area […]
FORT WORTH – Regency Oaks, a 100-unit apartment property at 2121 Handley Dr., has been sold. Marcus & Millichap marketed the property on behalf of the seller, Canada-based Republic Funds, and procured the buyer. The new owner, a Texas limited liability company, will invest in improvements to common areas and unit interiors. The Real Estate Center […]
COLLEGE STATION – In the week ending April 25, around 278,800 initial unemployment insurance claims were filed in Texas. That brings the total since March 21 to over 1.59 million, according to data from the U.S. Department of Labor (DOL). New claims have decreased since the week prior, when over 298,000 initial claims were filed. The Real Estate Center estimates […]
With businesses starting to slowly open back up again in some parts of the country, it’s important to understand how housing can have a major impact on the recovery of the U.S. economy. As we’ve mentioned before, buying a home is a driving financial force in this process. Today, many analysts believe one of the […]
SAN ANTONIO – California-based BoaVida Group has acquired Lamplighter Mobile Home Park, a 232-site property at 4801 Goldfield Dr. Amenities include a pool, office, and clubhouse. The Real Estate Center has more information like this online for free: Texas Quarterly Apartment Report San Antonio multifamily news Source: REBusiness Online
SAN ANTONIO – The local industrial market remained healthy in 1Q2020 before the COVID-19 outbreak. Vacancy rose 50 basis points quarter over quarter to 6.9 percent due to a large amount of speculative deliveries. Year over year, it rose 10 basis points. Absorption fell 1.1 million sf quarter over quarter to negative 323,000 sf. […]
ARLINGTON – Pegasus Real Estate LLC has purchased Vineyard at Arlington, a 396-unit apartment complex at 2021 E. Pioneer Pkwy. Built in 1985, the property consists of 31 buildings across 16.4 acres. Amenities include a pool, racquetball court, theater, resident clubhouse, playground, picnic area, and dog park. NorthMarq represented the seller, a partnership between two limited liability companies. The […]
AUSTIN – Gov. Greg Abbott has announced the reopening of the Texas economy in phases, beginning with various businesses on Friday, May 1. Retail stores, restaurants, movie theaters, and malls may reopen at a limited capacity of 25 percent. Food courts, play areas, and interactive displays will remain closed in malls. Restaurants may begin dine-in service, but only six […]
