LEWISVILLE – Caliber Collision’s two-story, Class A headquarters has been sold. Built on 5.8 acres in 2006, the 80,038-sf property was renovated by Caliber Collision in 2018. Marcus & Millichap represented the seller and procured the buyer. The Real Estate Center has more on DFW’s office market: Dallas-area office news Texas Quarterly Commercial Report Source: Connect Media
FARMERS BRANCH – Centurion American is building the 103,000-sf Three Hickory Centre in the Mercer Crossing development. The four-story office building will be just north of I-635 at 1801 Whittington Pl. Three Hickory Centre will join two existing office buildings in the 290-acre mixed-use development. Younger Partners is marketing the project, which will be ready by the […]
AUSTIN – Tesla is buying 2,100 acres outside in Austin Green at the intersection of Harold Green Rd. and SH 130. The $5 million tract is currently occupied by a sand and gravel mining site. The land will be home to a factory for Tesla Model Y cars and Cybertrucks. Pending approvals from local officials, Tesla will start […]
HOUSTON – Healthpeak Properties is building a 116,500-sf medical office property in the Women’s Hospital of Texas campus. The five-story building at 7500 Fannin St. will be about one mile south of the Texas Medical Center. A new parking garage will also be built on site. Transwestern is marketing the property, which is 36 percent preleased. […]
AUSTIN – The Texas economy added 237,800 nonfarm jobs in May as the state began to reopen, according to the Texas Workforce Commission. In the private sector, 291,000 jobs were created. The state’s seasonally adjusted unemployment rate fell to 13 percent in May, the first time Texas’ rate fell since the start of the COVID-19 pandemic. The national unemployment average […]
According to the latest FreddieMac Quarterly Forecast, mortgage interest rates have fallen to historically low levels this spring and they’re projected to remain low. This means there’s a huge incentive for buyers who are ready to purchase. And homeowners looking for eager buyers can take advantage of this opportune time to sell as well. There’s […]
McKINNEY – The city council has approved the development of a 128-unit housing project. Legacy Builders McKinney will build the complex on just over 13.2 acres at the southeast corner of Rockhill Rd. and N. Brook St. The gated community will be a mix of single and duplex units. Get more DFW-area news on the Real Estate Center’s […]
PADRE ISLAND – The Island Market, an IGA grocery store and the first grocery outlet to operate on the island in decades, will open this summer. The $3.3 million project may open as soon as the last week of July. The 20,000-sf store is owned by Lori and Moshin Rasheed. It is part of the 36,000-sf […]
ROUND ROCK – Rockwall-based Special Products & Mfg. Inc. has leased 28,000 sf in Building 3 of Settlers Crossing Phase II. The industrial space is at 900 E. Old Settlers Blvd. The Real Estate Center has more Austin real estate news: Texas Quarterly Commercial Report Austin industrial news Source: Community Impact Newspaper
WASHINGTON – The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will extend their single-family moratorium on foreclosures and evictions until at least August 31, 2020. The foreclosure moratorium applies to Enterprise-backed, single-family mortgages only. The current moratorium was set to expire on June 30th. The Real Estate Center […]
