LONGVIEW – BSR REIT has sold three multifamily properties for $52.5 million. Built in 1997, the 208-unit Summer Brook Apartments at 2300 Bill Owens Pkwy. has a pool, fitness center, basketball court, dog park, and a business center. Summer Green I and II at 110 E. Hawkins Pkwy. were both built in 1984. Totaling a combined 424 units, […]
SAN ANTONIO – Goodwill San Antonio Business Services has leased 42,227 sf in the Austin Highway Business Center at 2735 Austin Hwy. Goodwill will use the space to expand contact center operations. It will house 200 employees. JLL represented Goodwill in lease negotiations. The Real Estate Center has more on San Antonio’s office market: San […]
EL PASO – The local industrial market started the year strong with record-low vacancy and record-high rents in 1Q2020. According to CBRE, net absorption doubled quarter over quarter to 461,747 sf. Marketwide vacancy fell 50 basis points to a record-low 3.5 percent. There is 652,189 sf of space under construction. Last quarter, 100,600 sf […]
DALLAS – HPI Real Estate Services & Investments has teamed up with Bandera Ventures to purchase the three-building Douglass Center office property at 8333, 8343, and 8303 Douglas Ave. Totaling about 400,000 sf, the buildings include the: 16-story tower that is 75 percent leased to BBVA bank; seven-story, 140,000-sf building that is 80 percent leased to tenants including […]
HOUSTON – According to the Houston Association of Realtors, 1,496 listings were withdrawn from the multiple listing service last month as part of the nation’s retreat from COVID-19. However, even with the downturn at the end of the month, the local housing market recorded 7,566 home sales in March, up 8 percent from 6,995 sales in […]
WASHINGTON – Texas’ real gross domestic product (GDP) grew 4.4 percent last year, the largest increase nationally, according to data from the U.S. Bureau of Economic Analysis. The Lone Star State had the fourth-largest 4Q2019 real GDP increase, growing 2.9 percent. However, that was the smallest quarterly increase in 2019. Mining was the leading contributor to the increase in […]
Every day that passes, people have a need to buy and sell homes. That doesn’t stop during the current pandemic. If you’ve had a major life change recently, whether with your job or your family situation, you may be in a position where you need to sell your home – and fast. While you probably […]
AMARILLO – Amarillo College is developing a facility for the First Responders Academy program. The new facility will prepare all students in the first responders program to work side by side as they would in the workforce. Construction will take six to nine months. It is financed by $8.6 million in bond funds. The Real Estate Center has more […]
HOUSTON – Ivest LP has acquired a two-building industrial property totaling 100,000 sf at 8201 and 8211 La Porte Fwy. The assets offer a combined 43,000 sf of office space, 2.3 acres of stabilized yard, 14 dock-high doors, three ramps, and one recessed dock with cross-dock capabilities. Lee & Associates represented the seller, Duma Land LLC. The buyer was […]
ARLINGTON – Logistics provider KAL Freight Inc. has signed a 49,883-sf lease at 600 109th St. The lease brings the 543,353-sf industrial property to more than 90 percent leased. SVN Dunn Commercial Management represented the tenant while Transwestern Real Estate Services represented the building owner. The Real Estate Center has more on DFW’s industrial market: Texas Quarterly Commercial Report Dallas-Fort Worth-Arlington […]
