WACO – Local home sales slowed by 15.3 percent last month amid the COVID-19 pandemic. The metro saw 249 homes change hands, down from 294 in April last year. The sales volume fell 14.6 percent year over year to $53.5 million. However, homes stayed on the market an average of 15 days fewer than April […]
Last Friday, the Bureau of Labor Statistics (BLS) released its latest jobs report. It revealed that the economic shutdown made necessary by COVID-19 caused the unemployment rate to jump to 14.7%. Many anticipate that next month the percentage could be even higher. These numbers represent the extreme hardship so many families are experiencing right now. […]
LUBBOCK – A partnership between MRE Capital and Structure Development is redeveloping the historic NTS Tower at 1220 Broadway St. to include affordable housing. Metro Tower Lofts will have 89 one- and two-bedroom apartments for lease. The tower will feature commercial amenities on the first floor. Vexus, formerly known as NTS, will use the second […]
FORT WORTH – Mastertronics Inc., a supplier of computers and consumer electronics, has signed a 49,072-sf industrial lease at Northern Crossing Business Park. Holt Lunsford Commercial represented the landlord, Windsor at Northern Crossing. Woodcrest Capital represented the tenant. The Real Estate Center has more on DFW’s industrial market: Texas Quarterly Commercial Report Dallas-Fort Worth-Arlington industrial […]
IRVING – Planet Home Lending has signed a 35,471-sf office lease at Riverside Commons. The 90,425-sf property was built in 1987 and renovated in 2008. Newmark Knight Frank represented the tenant. Cushman & Wakefield represented the landlord, BSREP Riverside LLC. The Real Estate Center has more on DFW’s office market: Dallas-area office news Texas Quarterly Commercial Report […]
SAN ANTONIO – Vidal Development has purchased two acres at 10926 Braun Rd. Stream Realty Partners represented the buyer. Singh Commercial Group represented the seller, James Bishop. Get more Austin-area news on the Real Estate Center’s website: San Antonio land news Texas Quarterly Commercial Report Source: San Antonio Business Journal
FRISCO – Sam Moon Group is opening an 18-story, 303-room Hyatt Regency after two years of construction. The $100 million hotel is connected to the Stonebriar Centre shopping mall. It has a 27,500-sf conference center, lobby bar, two restaurants, and a 3,000-sf Frisco Public Library. The hotel was built as a public-private partnership with the city, which is providing […]
HOUSTON – Wisconsin-based MLG Capital has acquired Belvedere Springwoods Village, a 342-unit mid-rise multifamily community at 2323 E. Mossy Oaks Rd. Developed in 2014 by Martin Fein Interests, the property is in Springwoods Village on the west side of I-45, north of the Grand Parkway. Berkadia represented the seller and arranged financing for the buyer. […]
With the housing market staggered to some degree by the health crisis the country is currently facing, some potential purchasers are questioning whether home values will be impacted. The price of any item is determined by supply as well as the market’s demand for that item. Each month the National Association of Realtors (NAR) surveys […]
AUSTIN – Dell Children’s Medical Center of Central Texas is developing a 135,000-sf hospital at Avery Ranch Blvd. and expanding its Mueller campus. The new hospital will include 36 beds, emergency and trauma services, two operating rooms, endoscopy and procedure rooms, and sleep labs. It will also include a 60,000-sf medical office building with parking. Construction […]
