FORT WORTH – The Fort Worth Independent School District Board of Education trustees approved the sale of four surplus properties for around $13 million The assets are: the district’s Professional Development Center at 3150 McCart Ave., $9 million; the Thomas Place Community Center, $1.4 million; undeveloped land at 840 Cooks Ln., $750,000; and three undeveloped acres at the northwest corner of Wichita […]
SAN ANTONIO – The metro’s housing market is slowing down, but prices are still rising. The San Antonio Board of Realtors reported that 2,748 homes were sold through the multiple listing system in April, down 8 percent year over year. Pending sales fell from 3,182 to 2,652. Still, prices increased 5 percent to $241,500 as inventory […]
HOUSTON – DHL Express has leased 27,895 sf at 16855 Northchase Dr. CBRE represented the tenant. Lincoln Property Co. represented the landlord, Greenspoint Place Owner LLC. Get more Houston-area news on the Real Estate Center’s website: Local industrial news Texas Quarterly Commercial Report Source: Realty News Report
While growing up, we were taught by our parents and grandparents that owning a home is a financially savvy move. They explained how a mortgage is like a “forced savings plan.” When you pay rent, that money is lost forever. When you make a mortgage payment, much of that money accumulates as equity in the […]
COLLEGE STATION – In the week ending May 9, nearly 141,000 initial unemployment insurance claims were filed in Texas. That brings the total since March 21 to 1.97 million, according to data from the U.S. Department of Labor (DOL). Unemployment claims fell for the third straight week after peaking on April 18. The Real Estate Center estimates the unemployment […]
DALLAS – Amazon has started hiring for its new 855,000-sf fulfillment center at 1301 Chalk Hill Rd. The city provided $2 million in economic development incentives tied to the 1,500 jobs the center will provide. The $100 million facility was developed by Hillwood and sold late last year to Granite Real Estate. It opens May 31. The Real Estate Center […]
HOUSTON – A 49,865-sf retail center at the intersection of I-45 and Monroe Blvd. has been sold. Built in 1970 on 1.9 acres, the asset includes tenants such as Oriental Gourmet and Majestic Tuxedos. Edge Realty Partners represented the buyer. Get more Houston-area news on the Real Estate Center’s website: Texas Quarterly Commercial Report Houston-The Woodlands-Sugar Land […]
CORPUS CHRISTI – Minnesota-based S&H Realty Management has sold Regency Square Apartments to 3CM Multifamily. The 240-unit property is at 3333 S. Alameda St. Berkadia represented the buyer. If you’re looking for more news like this, head to the Center’s website. Corpus Christi real estate news Texas Quarterly Apartment Report Source: Connect Media
WASHINGTON – Compared with other large-population states, Texas appears to have fared COVID-19’s devastating economic effects, but that is not saying much. According to this week’s Census Bureau’s Small Business Pulse Survey, almost half of Texas small business respondents said the pandemic has had a large negative effect on business. “Unsurprisingly, that’s better than Michigan, New York, and California due to the […]
DALLAS – Trammell Crow Co. is working on a 27-story office and retail tower at 2401 McKinney Ave. between Maple Ave. and Fairmount St. The high-rise will include 670,000 sf of offices, 15,000 sf of retail, and underground parking. Truluck’s will be the anchor retail tenant. Connecticut-based architect Pickard Chilton designed the project. HKS will be the architect […]
