Some Highlights June is National Homeownership Month, and it’s a great time to consider the benefits of owning your own home. If you’re in a position to buy, homeownership might help you find the stability, community, and comfort you’ve been searching for this year. Let’s connect today to determine if homeownership is the right next […]
DALLAS – Ocean Spray is developing a 270,000-sf shipping hub at 9890 Bonnie View Rd. The distribution facility will be in a warehouse owned by NFI Industries, who already occupies part of the building. The remainder of the 626,000-sf property is being outfitted for Ocean Spray with warehousing and cold storage space. CBRE is marketing the vacant […]
HASLET – An affiliate of Weber & Co. will start this summer on a three-building warehouse complex in on 50 acres near I-35W. The 1.4 million-sf Intermodal Commerce Park project is valued at $42 million. RGA Architects is designing the project for owner Weber Gruene Alliance LP. The Real Estate Center has more on DFW’s industrial market: Texas Quarterly […]
HOUSTON – RPI Interests I Ltd. has sold Inwood Forest Shopping Center to Fahra International Inc. The 89,213-sf, two-building project is on six acres at 5700-5746 W. Little York Rd. It is anchored by a 20,460-sf La Michoacana grocery, 20,000-sf Giant Dollar, and 9,800-sf CSL Plasma. NewQuest Properties brokered the deal. Get more Houston-area news on the Real Estate Center’s website: Texas […]
RICHARDSON – Newline Interactive Inc. has signed a lease at Parc Northeast, Jackson-Shaw’s Class A industrial development. The manufacturer leased 48,160 sf in the 88,829-sf Building 3. This lease brings the 434,640-sf, four-building park to 50 percent occupancy. There is a combined 219,581 available sf remaining within the first three buildings. Holt Lunsford Commercial brokered the lease. […]
COLLEGE STATION – The specialty crop sector in Texas—consisting primarily of fruits and vegetables—has been one of the agricultural sectors hit hardest by the COVID-19 pandemic, according to Texas A&M AgriLife Extension Service economists. According to a report from the Agricultural and Food Policy Center (AFPC), if the pandemic persists, Texas fruit and vegetable producers could be left without outlets for their highly […]
With the U.S. economy on everyone’s minds right now, questions about the country’s financial outlook continue to come up daily. The one that seems to keep rising to the top is: when will the economy begin to recover? While no one knows exactly how a rebound will play out, expert economists around the country are […]
MIDLAND – The metro’s unemployment rate jumped to 10.2 percent in April, according to the Texas Workforce Commission. Unemployment increased 6.8 percent from March and six times year over year. Midland lost 14,700 total nonfarm jobs. The mining, logging, and construction sector suffered the biggest loss with 5,200 jobs. Leisure and hospitality followed, losing 4,200 jobs. Last […]
LANCASTER – Two companies have leased a combined 1.2 million sf in Crow Holding’s I-35 Logistics Crossing industrial park. Mars Inc. is taking a more than 610,000-sf warehouse that is currently under construction. Next door, ICU Medical has leased over 600,000 sf in a distribution center that delivered in February. The new business park is on Houston School Rd. south of […]
DALLAS – A unit of Ohio-based Connor Group has acquired L2 Apartments, a 321-unit multifamily community at 2828 Lemmon Ave. Rents in the community, which was built in in 2013 by CWS Capital Partners and JLB Partners, start at $1,400. Northwestern Mutual Life Insurance Co. had owned the asset since 2015. The community was valued at […]
