CELINA – Cambridge Cos. has opened the first phase of the $1 billion, 639-acre Cambridge Crossing community just west of the Dallas North Tollway. Phase one has 330 homes starting in the low $300,000s. The project will eventually include 1,600 homes, a 6,700-sf clubhouse, 89 acres of open space, and mixed-use, office, and retail buildings. Homebuilders include Coventry […]
WALLER – ARCO Design/Build Southwest has finished two buildings at 19961 GH Circle for Archway Properties and AFGlobal. Totaling 95,000 sf, the facilities will be used for manufacturing and testing oil drill rigs. They are serviced by 14 overhead cranes and include an employee welfare area, mezzanine offices, fabrication shop, parts storage area, and 20 assembly bays. Get […]
AUSTIN – Ryan Companies is developing two towers downtown. The 41-story Tower 5C will be at 415 Colorado St. The 545,000-sf office building will replace Walmart’s former technology office and several eateries. The second tower will be a 60-story mixed-use building at the corner of W. Sixth and Guadalupe Streets. It will have 363 apartments, 120,000 sf of office space, and ground-floor […]
Tomorrow, the unemployment rate for April 2020 will be released by the U.S. Bureau of Labor Statistics. It will hit a peak this country has never seen before, with data representing real families and lives affected by this economic slowdown. The numbers will alarm us. There will be headlines and doomsday scenarios in the media. […]
ODESSA – The Odessa Economic Index (OEI) fell for the third straight month in January, decreasing 0.5 percent year over year to 266.6. This is the sixth time in the past seven months that the OEI fell after it peaked last June. A slowdown in the regional oil and gas economy resulted in the contraction in […]
LEWISVILLE – Majestic Realty Co. has broken ground on two industrial buildings in the 215-acre Majestic Airport Center DFW at SH 121 and Valley Pkwy. The facilities will be a 195,250-sf warehouse and a 89,900-sf industrial building. They will join seven existing buildings and bring the park to 3 million sf. Both buildings will open in the fourth […]
DALLAS – Construction has kicked off on a seven-story mixed-use project next to the Melrose Hotel at Oak Lawn Ave. and Dickason St. Oden Hughes and Canada-based North American Development Group are building six floors of residential units on top of ground-floor retail and a parking garage. Designed by GFF, the building will have 293 […]
SUGAR LAND – Elegant Sugar Land LLC has purchased the 25,800-sf Atterbury Plaza at 9750 SH 6 S. Houston Realty Advisors represented the buyer. G3 Realty Services represented the seller, Atterbury Plaza Investments LLC. Get more Houston-area office news on the Real Estate Center’s website: Texas Quarterly Commercial Report Houston-The Woodlands-Sugar Land office news Source: BisNow
HOUSTON – FKM Partnership has purchased a 48,000-sf industrial facility at 11941 Cutten Rd. The 4.8-acre property is just southwest of the Willowbrook Mall. CBRE represented the buyer. The seller, Clay Partners, represented itself. Get more Houston-area industrial news on the Real Estate Center’s website: Houston-area industrial news Texas Quarterly Commercial Report Source: BisNow
Given how we have seen more unemployment claims than ever before over the past several weeks, fear is spreading widely. Some good news, however, shows that more than 4 million initial unemployment filers have likely already found a new job, especially as industries such as health care, food and grocery stores, retail, delivery, and more […]
