MESQUITE – Conor Commercial Real Estate has broken ground on the Skyline Commerce Center, a two-building, 198,000-sf industrial project on South Buckner Blvd., just south of I-30. The new office and warehouse campus will include one building with about 135,000 sf and another with more than 62,000 sf. The buildings are scheduled for completion late […]
PLANO – Opex Corp. has acquired the former Advocare office and warehouse building at 2801 Summit Ave. The more than 150,000-sf, seven-acre property will be used for the buyer’s first operation in the Dallas area. Stream Realty Partners negotiated the building sale with CBRE. The Real Estate Center has more on DFW’s industrial market: Dallas-area office news Texas […]
TIKI ISLAND, GALVESTON CO. – Austin-based Legend Communities and Tiki Time LLC have acquired six acres to develop Tiki Island Residences and Boathouse Resort. The community will encompass 75 condominiums ranging from 1,500 to 1,700 sf on five levels above an elevated podium deck. In addition, the property will include: five penthouses up to […]
AUSTIN – The local office market began to show signs of softening at the beginning of 2020. Absorption increased to 612,694 sf, but the drop in triple net asking rates and OPEX costs caused the average asking rate to decrease from $38.89 to $36.64 quarter over quarter. Overall vacancy increased 20 basis points to 10.9 […]
UVALDE – A 40,000-sf retail property at 423 E. Main St. has been sold. The property currently houses Tractor Supply Co. and Dollar General. Marcus & Millichap brokered the deal. Get more San Antonio-area retail news on the Real Estate Center’s website: San Antonio-area retail news Texas Quarterly Commercial Report Source: REBusiness Online
WACO – Catalyst Urban Development is developing The Riverfront Lofts, a 266-unit, Class A multifamily project along S. University Parks Dr. Amenities will include a fitness facility, business center, kitchen with dining area, coffee lounge, and entertainment and gaming areas. JLL secured a floating-rate construction loan, which was provided by First United Bank. The […]
IRVING – Sealy Mattress has signed a 585,910-sf industrial lease at 2650 Rental Car Dr. According to LoopNet Inc., construction of the 710,000-sf property was completed this year. The building features include 36-ft clear heights, 126 loading docks, 236 car-parking spaces, and 68 trailer-parking spaces. CBRE represented the landlord, an affiliate of Trammell Crow Co., […]
Between the constantly developing news and general changes in our everyday life, we can all use a little distraction from our daily routines. Reading can be a great escape and luckily there are a few local authors to keep you connected to the city. Here are a few book…
Earlier this week, we discussed how most projections from financial institutions are calling for a quick V-shaped recovery from this economic downturn, and there’s research on previous post-pandemic recoveries to support that expectation. In addition, we noted how there are some in the business community who believe we may instead be headed for a U-shaped […]
HOUSTON – The local overall office vacancy rate was up 20 basis points quarter over quarter and up 70 basis points year over year, according to NAI Partners. In first quarter 2020, overall net absorption totaled negative 207,280 sf. The overall average asking full-service rent was at $29.33 per sf. The Central Business District is averaging $39.34 per sf. Houston’s […]
