EL PASO – Two multifamily properties totaling 129 untis have been sold. Built in 1981, the properties at 525 and 670 N. Carolina Drive feature two-bedroom units averaging 600 sf. Greysteel arranged the transaction. The Real Estate Center has more news like this: “El Paso: Military and Manufacturing’s Influence on Housing” Texas Border Economy El Paso real […]
SAN ANTONIO – The San Antonio Apartment Association has proposed an emergency rental assistance program to help residents struggling to pay rent. The organization is encouraging its members to forgive 25 percent of outstanding rents and waive late fees for residents earning less than the area median income. The Real Estate Center has more information […]
Ten million Americans lost their jobs over the last two weeks. The next announced unemployment rate on May 8th is expected to be in the double digits. Because the health crisis brought the economy to a screeching halt, many are feeling a personal financial crisis. James Bullard, President of the Federal Reserve Bank of St. […]
There’s no doubt we are living in unprecedent times, and with the news constantly changing it can be hard not to feel helpless or want to find ways to help the community. One way to help is by supporting local businesses (and staying home!) Whether you miss your favorite…
KILLEEN – New Life Apostolic Church has opened a new $1.2 million building at 4712 E. Rancier Ave. The church can seat 279 people. Due to the coronavirus outbreak, the church will offer streaming services until it is able to open to the public. The Real Estate Center has more Killeen-Temple real estate news online. Source: […]
AUSTIN – Governor Greg Abbott and the Texas Department of Housing and Community Affairs (TDHCA) have introduced a tenant-based rental assistance program for Texans experiencing financial hardships. Abbott has waived statutes related to the Department of Housing and Urban Development’s (HUD) HOME Investments Partnership program, which provides grants in partnership with nonprofits to build, buy, and rehabilitate affordable housingv […]
MAGNOLIA – The Texas Department of Transportation has proposed widening FM 1488 from US 290 Business to Joseph Rd. to improve safety, mobility, and connectivity. The $28 million project will widen the current two-lane road to a four-lane road with a median that spans approximately 20 miles. The project also seeks to improve connectivity between I-45 […]
HOUSTON – Overall vacancy for local medical office space was at 17 percent and availability was at 18.5 percent in February, both down from the previous month. According to NAI Partners, leasing activity was 230,000 sf in February 2020. Net absorption (move-ins minus move-outs) was at 157,000 sf, up from 109,000 sf in January 2020. There was 251,000 sf of medical space […]
FORT WORTH – Shore to Shore Properties has sold the 278-unit Windrush Apartments to a California-based buyer. Built in 1984, the property at 3500 Renzel Blvd. has both apartments and townhomes. Amenities include two pools, a fitness center, basketball court, and picnic areas. FourPoint Investment Sales Partners arranged the transaction. The new owner will implement a […]
ROCKWALL – Ridge Road Towne Center, a 54,250-sf neighborhood shopping center, has been sold. Built in 2005, the property at 1107 Ridge Rd. was 74 percent leased at the time of sale. Wellington Realty represented the seller. The Real Estate Center has more on DFW’s retail market: Texas Quarterly Commercial Report DFW retail news Source: REBusiness Online
