WASHINGTON – Far West Texas continued to feel the impact of the oil downtown in March as apartment rents decreased, according to a report from RentCafe. Rents in Midland and Odessa dropped 11.7 and 10.4 percent year over year, respectively. The two metros are not only the communities with the largest drops in the nation but also the only communities with annual drops […]
HOUSTON – The industrial sector remains the metro’s strongest asset class in the market, with 56 properties totaling 8.6 million sf delivered in first quarter 2020. According to Avison Young, that is nearly double fourth quarter 2019’s 4.5 million sf in deliveries. The under-construction total dipped slightly to 18.9 million sf across 96 buildings last quarter. Houston is […]
HOUSTON – According to NAI Partners, area job losses due to COVID-19 were estimated to be 37,945 in mid-March. Currently, the most at-risk sectors include retail, plumbing and other home services, the arts, and most small businesses. The Greater Houston Partnership estimates job loss will hover between 150,000 and 350,000 jobs. The Real Estate Center has a more COVID-19 […]
LAREDO – Developer Gulf Corp. and equity partner Tailwind Real Estate Equities have completed I-35 Logistics Center, a 131,178-sf industrial project at SH 35 Frontage Rd. and Beltway Pkwy. The Class A facility features 4,000 sf of office space, 32-ft clear heights, 46 dock-high doors, 73 trailer parking spaces, and an ESFR sprinkler system. General contractor Park Avenue […]
AUSTIN – The city has lifted a temporary construction ban after Gov. Greg Abbott issued a new directive deeming all construction to be essential services. New construction guidelines include additional measures to limit the spread of COVID-19, such as more hand-washing stations, no communal water coolers, and job site prescreening. Get more COVID-19-related news on the Real Estate Center’s […]
Local musicians, venues and organizations are bringing the entertainment directly to your living rooms in a variety of creative ways. Whether you’re simply searching for a new playlist or trying to cure the heartache of your postponed concert lineup, we encourage you to crank up the volume and enjoy…
Today’s everyday reality is pretty different than it looked just a few weeks ago. We’re learning how to do a lot of things in new ways, from how we work remotely to how we engage with our friends and neighbors. Almost everything right now is shifting to a virtual format. One of the big changes […]
South By Southwest (SXSW) dedicates itself to helping creative people achieve their goals. Founded in 1987, SXSW has a rich history and is known for its conference and festivals that celebrate the convergence of the interactive, film, and music industries. Every March, an extraordinary community of creators, thinkers, and groundbreaking visionaries convene to […]
CYPRESS – Work is wrapping up on the first phase of Telge Crossing, a 24-acre mixed-use development at the southwest corner of Jarvis and Telge Roads. Phase one, which includes 15,000 sf of retail space and 12,000 sf of medical office space, will deliver this spring. Phase two, which includes a 303-unit apartment complex, will be complete this summer. […]
HOUSTON – Locally based Dakota Enterprises has broken ground on the four-story, 240-unit Fishel’s Landing workforce housing complex at 4840 N. Shepard Dr. The garden-style property will include a two-story gym, swimming pool, dog park, and covered parking. Mucasey & Associates Architects designed the project. Ibiza Enterprises is the general contractor. Dakota Enterprises purchased the 225,000-sf site from Jones […]
