SEGUIN – Odessa-based Cisco Equipment has opened a 34,336-sf maintenance facility off I-10 W. The company has four other locations in Texas and New Mexico. Get more San Antonio industrial news on the Real Estate Center’s website: Local industrial news Texas Quarterly Commercial Report Source: San Antonio Business Journal
Archives: July 2020
MetroTex buys ten acres for new HQ
IRVING – The MetroTex Association of Realtors has purchased ten acres at 2101 Kinwest Pkwy. for its new corporate headquarters. ESRP represented the buyer, while Beam Real Estate LLC represented the seller, John Hammond. The Real Estate Center has more on DFW’s office market: Dallas-area office news Texas Quarterly Commercial Report Source: Connect Media
Hidden Gems and Destinations in Dallas
I’ll never forget stumbling upon “Atlas Obscura: An Explorer’s Guide to the World’s Hidden Wonders” in the travel section of Barnes and Noble. Dallas offers plenty of these hidden wonders for explorers in search of the city’s best-kept secrets. Social distancing at these less-crowded attractions should be nice and…
Two Reasons We Won’t See a Rush of Foreclosures This Fall
The health crisis we face as a country has led businesses all over the nation to reduce or discontinue their services altogether. This pause in the economy has greatly impacted the workforce and as a result, many people have been laid off or furloughed. Naturally, that would lead many to believe we might see a […]
What’s driving Austin home price growth?
COLLEGE STATION – The Real Estate Center’s latest Home Price Index (HPI) shows that price trends in most Texas Metropolitan Statistical Areas (MSAs) appear relatively undisturbed by the COVID-19 pandemic. However, Center Senior Data Analyst Joshua Roberson said looks can be deceiving. “There is a tremendous amount of disruption across the board on the supply […]
The Dallas Summer Bucket List
Homebuilding picks up at Sun Chase
AUSTIN – Qualico CR LP is adding 225 homes to Sun Chase, a 1,604-acre master-planned community three miles east of the Circuit of The Americas racetrack and SH 130. Lennar started building homes in the project in mid-2018. Gehan Homes was added as a second builder and will begin construction in the next couple of months. […]
Oldham Goodwin opens 120-unit affordable senior-living project
COLLEGE STATION – Oldham Goodwin Group LLC has opened The Huntington at College Station, a 120-unit affordable senior-living community at 800 Durham Loop. Over two-thirds of the property will be set aside as affordable units. Amenities include a clubhouse, library, business center, arts and crafts area, fitness center, and courtyard. The Real Estate Center has more […]
New York REIT buys Stanley Black & Decker distribution center
NORTHLAKE – New York City-based REIT Lexington Realty Trust has purchased Stanley Black & Decker’s Alliance Texas distribution center for $83.5 million. The 1.2 million-sf building at 8601 E. Sam Lee Lane was sold by developer Hillwood. The sale closed in February. Stanley Black & Decker moved into the facility in 2019. The Real Estate […]
Midland unemployment falls to 9.6 percent in June
MIDLAND – Unemployment fell significantly in June as the local economy started picking back up. The metro’s unemployment rate fell 3 percent month over month to 9.6 percent. Last June, unemployment was 2.1 percent. Odessa reported an unemployment rate of 13 percent, the highest among Texas metros. Amarillo reported the lowest at 6 percent. Statewide, […]