COLLEGE STATION – In the week ending July 25, Texas’ initial unemployment claims decreased to a little over 81,300. That brings the total since March 21 to 3.08 million, according to data from the U.S. Department of Labor (DOL). This marks the third consecutive week of declines as the number of daily new COVID-19 cases trended downward. Despite the […]
SAN ANTONIO – The Lynd Company and the San Antonio Housing Authority have broken ground on Culebra Crossing, a 327-unit apartment complex at 7106 Culebra Rd. The $50 million community will reserve 164 units for residents earning up to 80 percent of the area’s median income. Amenities will include green spaces, dog parks, and pools. Construction […]
AUSTIN – Tata Consultancy Services Ltd. has leased 44,051 sf in the Parmer 4.2 building at the Parmer Austin Business Park. STG Design designed the office space, which will house 400 employees. Developer Karlin Real Estate will expand the project by adding a 350,000-sf warehouse with an attached 120,000-sf office building at 825 E. Howard Ln. The […]
COLLEGE STATION – COVID-19’s impact on the economy can be summed up in one word: disruption. Disruption in the single-family construction market in many ways mirrors that in the overall housing market, with shocks on both the supply and demand sides. New single-family home sales through Multiple Listing Services (MLS) suffered in April and May, months […]
IRVING – MUFG Union Bank is leasing 35,000 sf in the former Zale Corp. headquarters at 901 W. Walnut Hill Ln. Varidesk bought and redeveloped the three-building office campus in early 2019 and rebranded the property as Varispace. Upgrades include a 7,000-sf café, one-acre outdoor courtyard, 200-seat training and conference center, and 10,000-sf fitness center. Corgan is designing […]
COLLEGE STATION – Consumer demand for Texas manufactured housing rose in July, but COVID-19-related disruptions hindered the industry’s ability to meet orders and created a backlog. “As coronavirus cases rose through the first half of July, the state’s manufactured housing plants had to operate with a reduced workforce,” said Rob Ripperda, vice president of operations […]
Some Highlights: The housing market is forecasted to finish the year with growing strength. Historically low mortgage rates are creating great potential for homebuyers, and home sales are on the rise. If you’re thinking of buying or selling a home this year, let’s connect to maximize your opportunity today.
NEW BOSTON – Lockheed Martin has signed a 220,000-sf industrial lease at the TexAmericas Center outside of Texarkana. The firm will take floor space in Building 333 at 107 Chapel Ln. The building is currently leased to Red River Army Depot until 2024. It will undergo improvements requested and paid for by Lockheed Martin as part of its public/private partnership […]
RICHARDSON – Texas Excavation Safety System has signed a 29,343-sf office lease at 1410 E. Renner Rd. Built in 1999, the Class B building has two stories that total 122,300 sf. NAI Robert Lynn represented the tenant. The Real Estate Center has more on DFW’s office market: Dallas-area office news Texas Quarterly Commercial Report Source: REBusiness Online
WICHITA FALLS – Houston-based Conn’s Inc. is building a 40,000-sf store at 3915 Kell E. Blvd. The store, which is the company’s 72nd location in Texas, will open next month. If you’re looking for more news like this, head to the Center’s website. Wichita Falls real estate news Texas Quarterly Commercial Report Source: Connect Media
