DALLAS – Austin-based The Guild is opening a 60-room luxury hotel concept on the top of Santander Tower, formerly known as the Thanksgiving Tower. The extended-stay units will start at 600 sf and go up to larger two-bedroom units. Occupancy will begin next week. Get more Dallas hotel news on the Real Estate Center’s website. Source: Dallas Morning News
AUSTIN – Aerospace and defense technology contractor BAE Systems has sold its 143-acre campus at 6500 Tracor Ln. to Karlin Real Estate. BAE is also building a $150 million campus at Karlin’s Parmer Business Park. Until the new campus is done, the company will continue working at its old $47.4 million campus. The Real Estate […]
AUSTIN – Spicewood Storage LLC has purchased Spicewood SuperStorage, a 235-unit facility at 9514 SH 71. The Class A property features 89,260 sf of net rentable space. Bellomy & Co. arranged the transaction. The Real Estate Center has more local commercial real estate news like this online: Texas Quarterly Commercial Report Austin retail news Source: […]
WASHINGTON – Frisco has ranked third on WalletHub’s list of 2020’s best places to buy a house. The North Texas city was first in affordability and economic environment and 13th in real estate markets. It also boasted the second-lowest foreclosure rate. Austin and Denton also landed in the top ten, ranking seventh and ninth, respectively. The Texas […]
When shelter-in-place orders brought the economy to a screeching halt earlier this year, many believed the residential housing market would follow suit. Countless analysts predicted buyer demand would disappear and home values would depreciate for the first time in almost a decade. That, however, didn’t happen. It appears the opposite is taking place. After the […]
AUSTIN – Cadence McShane is renovating Austin High School, the city’s oldest high school at 1715 W. Cesar Chavez St. The project will add a new glass stair tower, gyms, and 22,000 sf of facilities. O’Connell Robertson designed the project. The Real Estate Center has more Austin education news online for free. Source: REBusiness Online
SAN ANTONIO – Pent-up demand, low mortgage rates, and tight inventory caused home sales and prices in the metro to surge in July. According to the San Antonio Board of Realtors, 4,231 homes were sold last month, up 25 percent from July 2019. The median price rose 9 percent to $260,700. Active listings fell from 10,763 […]
SAN ANTONIO – Local office vacancy rose in July due in part to delivery of vacant space into the market. According to NAI Partners, vacancy increased over the year to 10.7 percent. Availability rose from 11.8 percent to 13.9 percent. There was 255,000 sf of vacant space delivered so far in 2020, 63.6 percent of the total 400,319 […]
IRVING – The Colony, a 179-unit apartment community at 3321 Coker St., has been sold. Built in phases in the 1960s, the property includes three pools, a dog park, and onsite laundry facilities. Marcus & Millichap represented the seller, Florida-based Capital Vision Management, and procured the buyer, a Dallas-based private investment group. The Real Estate […]
CORPUS CHRISTI – Montecito Medical Real Estate has acquired two outpatient imaging centers at 3226 S. Alameda St. and 2825 Spohn S. Dr. The properties totaling 28,517 sf were fully leased to Radiology & Imaging of South Texas. Matthews Real Estate Investment Services brokered the sale. The Real Estate Center has more on its website: San Antonio […]
