HOUSTON – ACCIONA has acquired Diode Ventures’ 240-megawatt (MW) solar project in Fort Bend County. Diode bought the Fort Bend Solar project from Lendlease in 2018. When fully operational, the project will produce more than 750 MWs of solar energy. It will create about 300 jobs in the construction phase. The asset is the buyer’s fourth renewable energy […]
FORT WORTH – Pennsylvania-based AmerCareRoyal is putting a major distribution hub in the Speedway Logistics Crossing business park. The company will move into the 400,000-sf facility by the end of the year. Owner Scannell Properties has just listed the two-building, nearly 800,000-sf park for sale. JLL is marketing the property. The Real Estate Center has more on […]
As shelter-in-place orders were implemented earlier this year, many questioned what the shutdown would mean to the real estate market. Specifically, there was concern about home values. After years of rising home prices, would 2020 be the year this appreciation trend would come to a screeching halt? Even worse, would home values begin to depreciate? […]
TYLER – The city council has voted to reduce the minimum home size required for the North End Residential Building Incentive Program from 1,600 to 1,300 sf. In 2018, the minimum home size was raised from 1,500 to 1,600, resulting in a drop in program participation and new-home construction. The program was created to provide […]
WASHINGTON – Three Texas metros are among the most at risk for Federal Housing Administration (FHA) loan delinquencies. Houston-The Woodlands-Sugar Land ranked second overall, with 22.2 percent of FHA loans in some form of delinquency (including forbearance) through the end of August. Of all area FHA loans, 14.3 percent of them are seriously delinquent (90 days or more). […]
HOUSTON – Max Midstream has acquired land and infrastructure in southeast Texas to develop a $1 billion pipeline project. The pipeline will connect the Port of Calhoun—southeast of Victoria—to both the Eagle Ford and Permian Basin areas. The project will create nearly 500 direct jobs and an additional 600 construction-related jobs over the next ten years. Max Midstream […]
BIG SPRING – AAA Mini Storage, a 365-unit self-storage facility at 3301 E. FM 700, has been sold. The property spans 73,116 sf across 6.2 acres. Marcus & Millichap represented the seller, a Chicago-based private investor, in the transaction. The buyer was a fund manager. The Real Estate Center has a wealth of economic information online for […]
HOUSTON – Miami-based Galium Capital has purchased the Fairmont on San Felipe, a 361-unit apartment community in the Galleria neighborhood. Built in 2009 at 6363 San Felipe St., the 42,402-sf property has one- to three-bedroom floor plans. Amenities include two pools, a fitness center, and outdoor courtyards with grilling areas. Greystone National Apartment Advisors represented the seller, […]
Back in March, as the nation’s economy was shut down because of the coronavirus, many were predicting the real estate market would face a major collapse. Some forecasts called for a 15-20% decline in transactions. However, six months later, it seems as though the housing market has fully recovered. Mark Fleming, Chief Economist at First […]
COLLEGE STATION – Weekly initial unemployment clams in Texas fell below 50,000 for the first time since the pandemic hit the economy. During the week ending Sept. 19, Texas’ initial unemployment claims decreased for the second straight week to 48,500 claims. That brings the total since March 21 to 3.5 million, according to data from the U.S. Department of […]
