ARLINGTON – JMV Transport LLC has signed a 52,032-sf industrial lease at 2910-2920 E. Ave. F. The 225,751-sf property was built in 1968. It is owned by Alpha Trinity LLC. Stream Realty represented the landlord. Wells Commercial Real Estate represented the tenant. The Real Estate Center has more on DFW’s industrial market: Texas Quarterly Commercial Report Dallas-Fort Worth-Arlington industrial […]
AUBREY – ZOM Living and Civitas Capital Group is building Mezzo, a 378-unit rental community near the corner of US 380 and FM 1385. Stanford Construction is the general contractor, and JHP is the architect. Synovus Bank financed construction. The first units are set to open in third quarter 2021. The Real Estate Center has more information like […]
HOUSTON – Alliance Residential Co. has purchased 13 acres at 12115 Main St. for a 336-unit multifamily project. The three-story garden apartment community will offer one- and two-bedroom floor plans. It will be part of the proposed Saint Nicholas Place campus. JLL represented the seller, Taeken Ltd. The Real Estate Center has more information like this online for free: Texas Quarterly […]
MIDLAND – COVID-19 and low energy prices impacted the local labor market, pushing unemployment from 10.2 percent in April to 12.4 percent in May. The unemployment rate is ten times May 2019’s rate. Odessa also saw its unemployment rate rise from 13.7 percent in April to 16.5 percent. However, there are signs of recovery, as […]
Earlier this month, realtor.com announced the release of their initial Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry, tracking each of the following: Housing Demand – Growth in online search activity Home […]
LEWISVILLE – A 39,000-sf site at the southeast corner of Old Denton and Parker Roads has been sold. The new owner will build the Castle Hills Auto Service on the property. Jordan Realty Advisors represented the buyer. Bright Realty represented the seller, 2300 Parker LLC. The Real Estate Center has more on DFW’s retail market: Texas Quarterly Commercial Report […]
MISSION – A Lincoln, Neb.-based firm has purchased A+ Storage at 2504 I-2 W. The property consists of 24,100 rentable sf across 169 units. Bellomy & Co. represented both the Harlingen-based seller and the buyer. The Real Estate Center has a wealth of economic information online for free. Down in the Valley: McAllen-Edinburg-Mission Texas Border Economy Source: Bellomy […]
ODESSA – Archway Properties has broken ground on a 28,222-sf build-to-suit project at Leeco Industrial Park. The facility will feature a 7,000-sf office with the rest of the property dedicated to warehouse and light manufacturing space. TEAM Inc. will lease the property. Construction will be complete in early December. Get more Odessa-area real estate news online for […]
AUSTIN – The metro ranked sixth in the country for the biggest decline in apartment rents since March, according to Apartments.com. Multifamily rents fell 3 percent since March 31. Class A apartments took the hardest hit, falling 4.2 percent through June 12. Rents are falling because COVID-19 has slowed down moves, and property managers are offering specials […]
ANNA – Centurion American is planning Hurricane Creek North, a residential community within the Villages of Hurricane Creek mixed-use development. The project near US 75 will include 984 single-family homes, 400 multifamily residences, and 50,000 sf of retail, restaurant, and entertainment space. There is also land set aside for a community garden, hiking trails, and an amenity […]
