FORNEY – Amazon is taking one million sf of warehouse space in the Forney Gateway development on U.S. 80. The e-commerce giant will employ 500 people in its new fulfillment center. Seefried Properties will build the shipping hub, which will be completed in 2021. The Real Estate Center has more on DFW’s industrial market: Texas Quarterly Commercial […]
DALLAS – Harwood International will start this winter on a 27-story tower off Harry Hines Blvd. at Hunt St. Called Harwood No. 14, the office building will have a two-story lobby, fitness center, multipurpose center, nine levels of parking, a 13,000-sf rooftop garden, and 12,000 sf of ground-floor restaurants. Haynes and Boone will lease 125,000 sf […]
BELLAIRE – EPC Sparti LLC has sold a 99,768-sf medical office building at 5420 W. Loop S. Newmark Knight Frank represented the seller. The buyer was Bellaire 5420 APL MP LLC. The Real Estate Center has more Houston-area medical news on our website for free. Source: REBusiness Online
MANSFIELD – Realty Capital Management has purchased 77-acres on FM 157 at Mouser Way for a new mixed-use project. Called Watson Branch, the project will include 10,000 sf of retail space, 250 single-family homes, an older adult apartment community by Greystar Development, and a 350-unit rental community by Trinsic Residential. The development will also include […]
The news these days seems to have a mix of highs and lows. We may hear that an economic recovery is starting, but we’ve also seen some of the worst economic data in the history of our country. The challenge today is to understand exactly what’s going on and what it means relative to the […]
If you’re thinking about listing your home, you’ve probably heard that we’re in a seller’s market right now. As inventory dwindles and buyer interest intensifies, it’s not uncommon to see properties sell just hours after they’re listed, sometimes even tens of thousands above their original asking price. This may seem like an ideal scenario, but […]
COLLEGE STATION – According to the Real Estate Center’s latest Texas Housing Insight report, the state’s homeownership rate hit a record 67.5 percent in June in the face the COVID-19 pandemic. “Despite falling sales in April and May, Texas’ second quarter homeownership rate was the highest since record-keeping began in 1996. Texas now lags the national rate by only […]
COLLEGE STATION – Fewer people in Texas filed for initial unemployment during the first week without the additional $600 weekly from the federal government, continuing the downward trend observed in the past five weeks. In the week ending Aug. 8, Texas’ initial unemployment claims decreased to a little over 52,900. That brings the total since March 21 to 3.2 […]
DALLAS – VEREIT Inc. and Ocean West Capital Partners LLC have acquired a 2.3 million-sf distribution and warehouse facility from NorthPoint Development for $246.7 million. The facility at 9314 W. Jefferson Blvd. is fully leased by a home improvement retailer. The acquisition is part of VEREIT’s industrial partnership with Korea Investment & Securities Co. Ltd., which […]
DALLAS – Triten Real Estate Partners spent has finished a $4 million office building renovation at the northeast corner of Belt Line Rd. and the Dallas North Tollway. Rebranded as The Commons, the 90,000-sf building was constructed in the 1980s. The building also got a new ground-floor tenant with the opening of a Velvet Taco […]
