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Archives: April 2020

Oilfield services firm feeling Devine

​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

100-unit Fort Worth multifamily changes hands

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​​​​ […]

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​

SA industrial market remains healthy in 1Q2020

​​​ 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.  […]

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 […]