While many public celebrations have taken on different formats in 2020, there are still plenty of opportunities to raise a glass to Bastille Day on Wednesday, July 14. Bastille Day is a French national holiday commemorating the storming of the Bastille, a military prison, back in 1789. The event…
Archives: July 2020
What Are Experts Saying about Home Prices?
Last week, a very well-respected real estate analytics firm surprised many with their home price projection for the next twelve months. CoreLogic, in their latest Home Price Index said: “The economic downturn that started in March 2020 is predicted to cause a 6.6% drop in the HPI by May 2021, which would be the first […]
Construction begins on Pegasus Place redevelopment
DALLAS – J. Small Investments and Lyda Hill Philanthropies are redeveloping the 600,000-sf Pegasus Place tower and surrounding 23-acre complex into a mixed-use office campus. The project will include a conference facility, fitness center, food service operations, and outdoor areas with patios and walking trails. More than 150,000 sf of offices will be earmarked for social-impact, nonprofit, […]
Veritex Community Bank inks 27K-sf office lease
DALLAS – Veritex Community Bank is taking 26,418 sf space inside a newly remodeled high-rise office building at 12750 Merit Dr. The tenant will move into the new facility in October. The office is about seven miles from Veritex’s headquarters at 8214 Westchester Dr. NAI Robert Lynn Co. and NAI Partners brokered the lease. The Real Estate Center […]
M2G finishes redevelopment of East Dallas office
DALLAS – M2G Ventures has converted the former Dallas Can Academy at 4621 Ross Ave. into an office building. The three-story, 50,000-sf space has been renamed Bogart. A coffee shop was added to the facility. Law firm Savrick Schumann Johnson McGarr Kaminski & Shirley LLP is the first tenant. The Real Estate Center has more on […]
90K-sf industrial building trades hands in South Austin
AUSTIN – Dallas-based Stonelake Capital Partners has purchased Ben White 6, a 90,000-sf industrial building at 3910 S. Industrial Dr. The property has a 22-ft clear height and 30-by-30-ft column spacing. It includes industrial, office, showroom, and yard space. The seller was Sage – Ben White 6 LTD. The Real Estate Center has more Austin real estate news: […]
Rialto Development LLC picks up two office buildings
AUSTIN – Rialto Development LLC has purchased two Class A office buildings in the Rialto office campus. The buildings at 7708 and 7710 Rialto Blvd. total 63,000 sf Capella Commercial represented the buyer. Worldwide Holdings LLC was the seller. The Real Estate Center has more office news for Austin-Round Rock: Texas Quarterly Commercial Report Austin-area office news Source: Austin […]
Buyers: Are You Ready for a Bidding War?
With businesses reopening throughout the country and some experts indicating early signs of a much-anticipated economic recovery, more homebuyers are actively entering the housing market this summer. Today, housing is truly driving the U.S. economy forward. With so many buyers looking for homes to purchase and so few houses for sale right now, there’s a […]
Happy National French Fry Day!
Very few things bring as much joy as a fresh batch of piping hot, expertly seasoned French fries. I know there are many different kinds of fries, cuts, seasonings, dipping options, and toppings, and I am here to share eight of my favorite places to get French fries -…
Colliers: Houston office market weakens in 2Q2020
HOUSTON – The local office market weakened over the second quarter and will likely not see much short-term improvement, according to Colliers International. Market-wide office vacancy hit 20.5 percent last quarter, up from 20.1 percent in 1Q2020 and 19.9 percent in 2Q2019. This increase in the vacancy rate was caused by net negative absorption of 513,316 sf and […]