PLANO – Dallas-based Wolverine Interests has purchased the Tollway Office Center II at 3905 North Dallas Pkwy. Built in 1999, the 160,000-sf office building is south of the Legacy Business Park near Windhaven Pkwy. Wolverine already owns the building next door. The Real Estate Center has more on DFW’s office market: Dallas-area office news Texas Quarterly Commercial Report Source: Dallas […]
LUBBOCK – Locally owned Mighty Wash is building a new location at 4416 114th St. and moving its headquarters to 6520 University Ave. The new car wash will be near an under-construction H-E-B. The headquarters relocation will provide more office and storage space. Get more Lubbock-area news on the Real Estate Center’s website: Lubbock real estate news […]
NASH – Oakwood Mobile Home Park, a 94-site manufactured housing community at 700 E. New Boston Rd., has been sold. Rents start at $350 per month. Marcus & Millichap arranged the transaction. The Real Estate Center has more Texarkana-area real estate news on our website for free: “Tanks and Timber: Texarkana’s Economy and Housing Market” Texarkana […]
KATY – David Weekley Homes has purchased seven acres at 502 Addicks-Howel Rd. near Maurice L. Wolfe Elementary School from the Katy Independent School District. The district’s board of trustees approved the $5.7 million sale after a unanimous vote. The Houston-based custom homebuilder has homes in several local communities, including Jordan Ranch, Cane Island, and The Reserve at […]
With over 90% of Americans now under a shelter-in-place order, many experts are warning that the American economy is heading toward a recession, if it’s not in one already. What does that mean to the residential real estate market? What is a recession? According to the National Bureau of Economic Research: “A recession is a […]
RICHMOND – H-E-B will open a new 101,000-sf grocery store this summer. It will be at 9211 FM 723 near Fulshear. Get more Houston-area news on the Real Estate Center’s website: Texas Quarterly Commercial Report Houston-The Woodlands-Sugar Land retail news Source: Community Impact Newspaper
CEDAR PARK – MedCore Partners has broken ground on Hill Country Medical Plaza, a 29,600-sf Class A medical office building at 1411 Medical Pkwy. The project has been 77 percent preleased to tenants including Texas Digestive Disease Consultants, Hill Country Endoscopy Center, and a compounding pharmacy. Construction will be complete in October 2020. Felder Group […]
SAN ANTONIO – Goodlettsville, Tenn.-based Dollar General has signed a 285,476-sf lease at 5505 Kaepa Ct. Built in the 1990s, the warehouse offers more than 100,000 sf of cooler and freezer space, office space, 55 dock doors, and a two-acre area for trailer parking. Get more San Antonio industrial news on the Real Estate […]
SAN ANTONIO – The local office market opened the year on a stable note, according to a 1Q2020 CBRE report. Total market absorption closed out the first quarter at 15,959 sf. The marketwide asking rate increased $0.14 quarter over quarter to $23.08 per sf. Office vacancy increased 40 basis points over the quarter to 14 […]
WASHINGTON – Texas had 313,832 unemployment initial insurance claims the week of March 30, 2020, a 2296.94 percent increase from 13,093 the week of April 1, 2019. That is the ninth-smallest annual unemployment insurance claims increase nationally, according to a WalletHub study. The state had a 2737.66 percent increase in claims from the first week of the […]
