CYPRESS – Archway Properties and Ridgeline Property Group have finished construction on Telge 290 Logistics Center. The 207,635-sf, Class A industrial asset is at 14803 Cypress N. Houston Rd. It offers 32-ft clear heights, a front-load configuration, an ESFR sprinkler system, 47 dock-high doors, two drive-in ramps, 180-ft truck court, and on-site detention. Colliers International […]
Archives: June 2020
EIP, Raith break ground on 124K-sf industrial project
EL PASO – A partnership between Equity Industrial Partners and Raith Capital Partners has broken ground on a 123,966 sf, Class A industrial facility at 9541 Joe Rodriguez Dr. The facility will have a fenced truck court area, ESFR sprinkler system, 28-ft clear height, LED lighting with motion sensors, and overflow trailer storage. Construction will be […]
You Know You've Arrived in Dallas When…
Is a Recession Here? Yes. Does that Mean a Housing Crash? No.
On Monday, the National Bureau of Economic Research (NBER) announced that the U.S. economy is officially in a recession. This did not come as a surprise to many, as the Bureau defines a recession this way: “A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and […]
Celebrate Father's Day Dallas style
MNO Partners developing Oaks at River Road
SAN ANTONIO – MNO Partners is developing Oaks at River Road, a townhome project between Travis St. and E. Huisache Ave. The project will be on the northern tip of the River Road Historic District. The Austin-based developer is seeking final approval from the city after revising previous plans for the project, which was called Trail […]
304-unit Old Dowlen Apartments trades hands
BEAUMONT – Miami-based LPI Holdings has purchased Old Dowlen, a 304-unit apartment community at 5350 Old Dowlen Rd. Built in 2008, the property has one- to three-bedroom units. Rents range from $1,000 to $1,600. Amenities include a pool and clubhouse with business center. Newmark Knight Frank represented the seller, Venterra Realty. If you’re looking for more […]
Oncor takes 200K sf in Fort Worth
FORT WORTH – Oncor Electric Delivery Co. has signed a 200,000-sf office lease in the 777 Main tower. The $8.5 million office will take up seven floors of the skyscraper. Oncor will be one of the largest tenants in Atlanta-based Brookdale Group’s over one million-sf high-rise. The Real Estate Center has more on DFW’s office market: Dallas-area office news Texas […]
Housing project adding 12,000 homes to Conroe
CONROE – The city council has approved the creation of three municipal utility districts for the Keystone Development off SH 242. The 3,074-acre project will have more than 12,000 homes on 50- and 60-ft wide lots. Prices will range from $250,000 to $350,000. Land is set aside for commercial development and a multifamily project. Phase 1 breaks ground in 2021. The […]
Kennington Commercial acquires 67K-sf industrial property
IRVING – Kennington Commercial has purchased Skyway Circle North, a 66,504-sf industrial property in Las Colinas near SH 161 and I-635. Built in 1981, the one-story industrial building is 72 percent leased. The new owners will renovate the property’s exterior. CBRE represented the seller, Nuveen Real Estate. Northmarq Capital arranged the financing with Woodmen of the World. The Real Estate […]