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Archives: April 2020

First National Bank developing 47K-sf building in Killeen

​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 […]

KDC tops out on phase II of 540K-sf Legacy West office project

​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 […]

New unemployment claims slowing in Texas

​​​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 […]

BoaVida Group buys $11.2M mobile home park

​ 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​

Pegasus Real Estate flying high in Arlington

​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 […]

Texas economy to start reopening Friday

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 […]