The demand for homes this year is extraordinary as record-breaking numbers of hopeful buyers continue to shop for homes. In a normal year, the peak homebuying season comes to a close by early fall. However, 2020 is anything but a normal year, and the housing market is no exception. Lawrence Yun, Chief Economist for the […]
SAN ANTONIO – The Alamo Funeral Chapels is developing a 12-story mixed-use tower on their property at 624 N. Alamo St. The development will feature ground-floor retail, office space, residential units, a hotel, and structured parking. The city approved rezoning of the 1.5-acre site this month. The Real Estate Center has more news like this: San […]
SAN ANTONIO – Bexar County is planning a 30,000-sf workforce training facility at the 1,308-acre Brooks mixed-use community. The facility will include a high-bay robotics and training lab, multipurpose rooms, classrooms, computer labs, support offices, and conference spaces. The Texas Federation for Advanced Manufacturing Education will operate the center. It will train potential employees for manufacturers […]
LUBBOCK – Harmony Public Schools has purchased a former Convergys call center at 3701 W. Loop 289. Built in 1997, the 68,124-sf, Class A office property was shuttered in 2018. It was listed for $7.5 million. Harmony will use the location to house a charter school for grades one through 12. Coldwell Banker Commercial represented the […]
MIDLOTHIAN – Torrance, Calif.-based Sunrider International has started on a one million-sf manufacturing and research and development facility. The $56 million facility will sit on 71 acres within the Midlothian Business Park. Sunrider is the first company to construct a building within the park. The project will house the company’s manufacturing and research and development operations, […]
LOS ANGELES – Three Texas cities are among the top ten emerging life science clusters, according to a CBRE report. Houston, Austin, and Dallas-Fort Worth ranked second, third, and sixth on the list, respectively. Houston, the third fastest-growing major life sciences cluster, ranks 14th in largest U.S. life sciences cluster by employment. DFW follows, ranking ninth and 17th in […]
Many people are eager to buy a home right now while affordability continues to be a highlight of the current housing market. However, a recent survey by Sparks Research shows that 20% of first-time homebuyers cite a lack of financial education as a barrier to homeownership. This is definitely understandable. If you don’t feel comfortable […]
DALLAS – Todd Interests is opening the 219-room Thompson Dallas hotel in the historic First National Bank Tower at 205 N. Akard St. Amenities include a full-service spa, fitness and wellness center, pool, ballroom, and multiple dining venues. The design team includes Merriman/Anderson Architects, Interiors Limited, Todd Interests, and SWA Group. Opening is set for Nov. […]
AUSTIN – Rastegar Property Company has acquired 5412 S. Congress Ave., the third and final property in its South Congress assemblage. Other properties in the acquisition are at 5402 S. Congress Ave. and 106 Red Bird Ln. The assets will make way for a 155-unit multifamily complex. The Real Estate Center has more news like this online for free: Texas Quarterly […]
SAN ANTONIO – The metro’s hotel industry is facing a long road to recovery, according to new forecasting data from CBRE. Occupancy is expected to drop to 47.2 percent over the next four quarters—well below the 2019 average of 65.9 percent occupancy. The average daily rate was $114 last year. It is expected to drop 12.9 […]
