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Archives: October 2020

Greens Global buys 1,152-unit self-storage facility

​AUSTIN – Greens Global has acquired the 1,152-unit CubeSmart Self Storage facility at 8023​ W. Parmer Ln.  Built in 2019, the five-​story property spans 110,505 sf. Units range from 15 to 250 sf.  JLL arranged acquisition financing. ​ The Real Estate Center has more local commercial real estate news like this online: ​Texas Quarterly Commercial Report​ ​​Austin […]

Westcore picks up six SA warehouses in massive portfolio sale

​​SAN ANTONIO – San Diego-based Westcore Properties has acquired a 35-building warehouse portfolio from Stonelake Capital Properties.​​ The portfolio includes six buildings in San Antonio:  3331-3365 N. PanAm Expy., 1883-1879 Hormel Dr., 3323 N. PanAm Expy, 3535 N. I-35, and  5400 Kaepa Ct. The deal also includes 15 buildings in Dallas and 14 in Houston.  The properties, […]

LandPlan, St. Ives sell Plano office building

PLANO – A partnership between LandPlan Development and St. Ives Realty has sold a 39,324-sf ​office building within Parkwood Village.​​ The partnership developed the single-tenant building at 8454 Parkwood Blvd. in 2018. CBRE represented the sellers.  The Real Estate Center has more on DFW real estate news: Local office news ​​Texas Quarterly Commercial Report Source: REBusiness Online

Magnus Chemical taking 45K sf of industrial space in Frisco

​FRISCO – Specialty cleaning product maker Magnus Chemical is leasing 44,144 sf in The Star Commerce Center II at 16005 Gateway Dr. The 141,960-sf Class A Industrial buildi​ng was completed this year. Stream Realty Partners represented the ten​​ant. Lincoln Property Company represented the landlord.  Earlier this year, GEA Group leased 78,000 sf in the facility.  The Real […]

Real Estate Center gets 'new' name

​​COLLEGE STATION – On Jan. 1, 2021, the Real Estate Center at Texas A&M University will have a new name. Sort of. After 35 years with its current name, it’s going back to its given identity, the Texas Real Estate Research Center. The Center was officially created and named the Texas Real Estate Research Center by […]

Texas hiring slows in September

​​AUSTIN – The Texas unemployment rate rose to 8.3 percent in September after dipping for the 13.5 percent high in April 2020 during the peak of COVID-19 im​​p​a​​cts. The increase was due to the civilian labor force shrinking as the number of individuals actively looking for work contracted, while the unemployed rose. According to the […]

Americans Are Gaining Confidence in the Economy

The September Jobs Report issued by the Bureau of Labor Statistics reported that the unemployment rate dropped to 7.9%. Though that percentage is well below what experts projected earlier this year, it still means millions of people are without work. There’s no way to minimize the tremendous impact this pandemic-induced recession continues to have on […]

246-unit multifamily delivers in McKinney

​McKINNEY – KWA Construction has completed Axiom Hub 121, a 246-unit apartment community at 7201 Henneman Way within the Craig Ranch master-planned development.  The 340,000-sf property offers one- and two-bedroom floor plans. Monthly rents start at $1,150.​ Amenities include a pool with a tanning ledge, car wash facility, sports lounge with coffee bar, 24-hour fitness center, bocce ball […]