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Archives: July 2020

Texas unemployment claims fall for second straight week

​​​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 […]

COVID-19 creates new headwinds for Texas’ new-home market

​​​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 […]

MUFG Union Bank taking 35K sf in newly renovated office

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 […]

Pandemic creates Texas manufactured housing backlog

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 […]

Lockheed Martin taking 220K sf outside Texarkana

​​NEW BOSTON – Lockheed Martin has signed a 220,000-sf industrial lease at the TexAmericas Ce​nter 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 […]

Texas Excavation Safety System signs Richardson office lease

RICHARDSON – Texas Excavation Safety System has signed a 29,343-sf office lease at 1410 E. R​enner 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