WACO – The local unemployment rate jumped amid layoffs and furloughs associated with the COVID-19 outbreak. Unemployment rose from 3.3 percent in February to 4.5 percent by mid-March. The Texas Workforce Commission estimates that the number of people employed in the metro has dropped by 3,166 to 120,119 jobs. Employment fell by 1,357 jobs year over year. […]
MIDLAND – The local planning and zoning commission has approved a zoning request for a 124-unit multifamily housing complex at 45 Corporate Dr. The 295,000-sf property will offer affordable housing to senior citizens. Get more Midland-area news on the Real Estate Center’s website: “All’s Well When Oil’s Well” Midland real estate news Texas senior living news […]
COLLEGE STATION – According to the Real Estate Center’s Texas Home Price Index, Texas’ major metros have so far shown no sign of price disturbance in 1Q2020 despite the coronavirus outbreak starting in March. “This is not too surprising given the excellent first few months of housing activity in Texas up until late-March,” said Center Senior Data Analyst Joshua Roberson. […]
HOUSTON – Sentinel Peak Capital Partners has acquired the 272-unit Lakebridge Apartments at 300 Woerner Rd. The 13.2-acre property features 19 two-story buildings with units averaging 896 sf. Phase I was originally developed in 1984 as condominiums. Phase II was added in 2001. JLL marketed the property and worked on the buyer’s behalf to arrange floating-rate […]
PORTER – SDI 59 Porter LLC has acquired the Shops at Porter, a 30,338-sf retail center at 23611 SH 59 N. EDGE Realty Partners represented the seller. Get more Houston-area news on the Real Estate Center’s website: Texas Quarterly Commercial Report Houston-The Woodlands-Sugar Land retail news Source: REBusiness Online
Are you sitting at home thinking of how to pass the time during quarantine? Switch up your streaming queue with these movies and TV shows, each either filmed or set in Dallas. 1. Bottle RocketThis movie was made by one of my all-time favorite directors, Wes Anderson. Bottle Rocket started…
In a recent survey by realtor.com, people thinking about selling their homes indicated they’re generally willing to allow their agent and some potential buyers inside if done under the right conditions. They’re less comfortable, however, hosting an open house. This is understandable, given the health concerns associated with social contact these days. The question is, […]
CARROLLTON – The Olympus on Main has been purchased by an affiliate of Beverly Hills, Calif.-based Nimes Real Estate. Built in 2018, the 352-unit complex is at 1011 S. Main St., near downtown’s DART light rail station. Developer High Street Residential and Olympus Property were the sellers. The Real Estate Center has more information like this online for free: Texas Quarterly Apartment Report […]
FORT WORTH – Westmount Realty Capital has purchased River Park, a 280-unit apartment community at 3309 Riveroad Ct. Built in 1985 on 9.8 acres, the property offers one- and two-bedroom units. Amenities include a pool, fitness center, business center, outdoor grilling area, coffee bar, dog park, and onsite laundry facilities. Westmount will make improvements to unit interiors […]
HOUSTON – The local retail market was relatively strong during first quarter 2020 with 843,709 sf of positive absorption and roughly one million sf of retail product delivered. According to CBRE, the Far North and West submarkets were the most active in 1Q2020, accounting for 70 percent of total absorption. However, a majority of this activity […]
