KELLER – The Everest physical rehabilitation hospital will open later this year on 4.32 acres at 955 S. Main St. The $23 million, 40,000-sf hospital includes 36 private bedrooms and bathrooms. Amenities include inpatient and outpatient gyms, outdoor mobility courtyard, aqua therapy, furnished training apartment, family gathering areas, open dining hall and patio, in-house dialysis, and pharmacy. The project will create […]
AUSTIN – A joint venture between Patrinely Group and USAA Real Estate has broken ground on Aspen Lake Three, a 128,990-sf build-to-suit office at 10355 Pecan Park Blvd. Q2 Holdings, which occupies part of Aspen Lake One and all of Aspen Lake Two, will occupy the entirety of the new development. JLL represented the tenant. […]
SAN ANTONIO – Terramark Urban Homes is developing the second phase of its City Center development. The city’s Historic and Design Review Commission approved a certificate this week for the company to construct six buildings on an empty lot at Center, N. Cherry, and N. Swiss Streets. The 18 three-story row houses will be a mix of duplexes and […]
FORT WORTH – Ball Corp. will move into a new build-to-suit warehouse off Everman Pkwy. The 678,000-sf building will be the largest in phase one of Majestic Realty Co.’s Majestic Fort Worth South. Completion is set for January 2021. The Real Estate Center has more on DFW’s industrial market: Texas Quarterly Commercial Report Dallas-Fort Worth-Arlington industrial news Source: Dallas Business Journal
AUSTIN – Integral Care has acquired the American Founders Building, a 70,000-sf, Class B office building at 6937 N. I-35. Frost Bank provided a $14 million loan for the buyer. ECR represented the seller, Covenant Management Systems LP. The Real Estate Center has more office news for Austin-Round Rock: Texas Quarterly Commercial Report Austin-area office […]
Some Highlights Mortgage interest rates have dropped considerably this spring and are hovering at a historically low level. Locking in at a low rate today could save you thousands of dollars over the lifetime of your home loan. Let’s connect to determine the best way to position yourself for a move in today’s market.
SAN ANTONIO – COVID-19 resulted in an overall drop in the metro’s apartment rent prices, with the highest class of properties most severely affected. From March to May 13, the average rent dropped $9 to $969. Luxury apartments, which account for 23 percent of the market, dropped $14 to $1,229. The decreased rents can be attributed […]
AUSTIN – Local home sales saw a double-digit fall in April with COVID-19 and shelter-in-place orders slowing transactions. Single-family home sales through the Multiple Listing Service decreased 21.6 percent to 2,611, according to the Austin Board of Realtors (ABoR). Consequently, sales dollar volume fell 18.3 percent to $1 billion. Although sales decreased, homes still spent less time […]
SAN ANTONIO – Presidian Hotels & Resorts is transforming the DoubleTree by Hilton San Antonio Airport hotel at 37 N.E. Loop 410 into Estancia del Norte. The $10 million redevelopment will expand the lobby, renovate the banquet space, create a promenade that goes through the courtyard, and move the pool. It will also include the […]
HOUSTON – As of mid-May 2020, overall office vacancy is up 110 basis points at 21.9 percent compared with this time last year, according to NAI Partners. Local office availability is up 30 basis points at 26.3 percent compared with a year ago. The market has recorded six million sf of leasing activity, while net absorption is at negative 499,000 sf. March economic […]
