As the resident tequila lover on the team, no one had to twist my arm to research local tequila companies in honor of National Tequila Day. It’s only fitting, for several reasons: my parents, both Mexican immigrants, have proudly displayed bottles of the best ones in their home for…
Archives: July 2020
NAR: Realtors used more tech in 2019
WASHINGTON – The National Association of Realtors’ (NAR) 2020 Member Profile reveals Realtors had begun using more technology and online tools even before the COVID-19 pandemic. Over 90 percent of members use a smartphone and a computer on a daily basis, while just about all members regularly e-mail clients. Most members use social media apps (typically Facebook, LinkedIn, and […]
Texas unemployment rate falls to 8.6 percent in June
AUSTIN – The Texas economy added 225,200 nonfarm jobs in June, pushing the unemployment rate down to 8.6 percent, according to the Texas Workforce Commission. This is the second consecutive monthly decrease and the lowest rate since Texas’ economy was initially impacted by the COVID-19 pandemic in March. In the private sector, 243,900 jobs were […]
1M-sf Amazon shipping hub coming to Dallas
DALLAS – Amazon is building a one million-sf building in the Southlink Logistics Center on Cleveland Rd. south of I-20. Stantec Architecture is designing the $41 million warehouse, which will break ground this month. Hine’s development off Bonnie View Rd. is part of a planned larger industrial park. The Real Estate Center has more on DFW’s industrial market: Texas […]
Construction wraps on Bay Area Business Park
PASADENA – Dallas-based Stream Realty Partners has completed construction work on the 3.3 million-sf Bay Area Business Park. The third and final phase, which encompasses three buildings totaling 1.3 million sf, delivered last month. They were 20 percent preleased. Stream had been developing the 232-acre industrial project at 10619 Red Bluff Rd. since 2007. Houston-based Powers Brown Architecture designed the project. […]
378-unit Mira Loma Apartments trades hands
LIVE OAK – Miami-based Atlantic | Pacific Cos. has acquired Mira Loma Apartments, a 378-unit multifamily community at 7601 Gateway Blvd. Built in 2008, the property has one- to three-bedroom units. Rents range from $955 to $1,435 per month. Amenities include a pool, outdoor kitchen, fitness center, and an indoor basketball court. The Real Estate Center […]
Mortgage Rates Fall Below 3% [INFOGRAPHIC]
Some Highlights Mortgage rates hit another all-time low, falling below 3% this week. If you’re ready to buy a home, now is a great time to truly get more for your money at this historic moment. Let’s connect today to determine your best next steps toward homeownership.
820K-sf Amazon fulfillment center to create 1,000 jobs
PFLUGERVILLE – Amazon is developing an 820,000-sf fulfillment center along Pecan St. off SH 130. The facility will create 1,000 full-time jobs. Construction will be complete in 2021. The Real Estate Center has more Austin real estate news: Texas Quarterly Commercial Report Austin industrial news Source: Commercial Property Executive
995K-sf spec industrial project breaks ground in El Paso
EL PASO – VanTrust Real Estate has broken ground on a 994,639-sf speculative industrial project within five miles of the Zaragoza Bridge. The first phase will include four buildings totaling 514,135 sf. Construction will be complete in early 2021. Phase two will consist of two buildings totaling 480,504 sf. The Real Estate Center has more news like […]
San Antonio home sales rebound in June
SAN ANTONIO – Local home sales soared in June after two months of declines. Home sales increased 14 percent year over year to 3,823 sales, according to the San Antonio Board of Realtors. Median sales price rose 5 percent to $251,700. Pending sales also increased. Inventory stood at 2.8 months, signaling a seller’s market. The Real […]