HOUSTON – Realty.com has purchased one million sf of office space from Oxley Leasing. The deal included 114,711 sf in Dallas and 919,703 sf in the Houston market. The Dallas buildings are One West Hills and Two West Hills on S. Hampton Rd. They were built in 1984 and 1977, respectively. Oxley purchased both assets in […]
MESQUITE – Tustin, Calf.-based Best Choice Products is taking more than 400,000 sf of distribution space for a new shipping hub. The hub will be at the Prologis Mesquite business park at 5151 Samuell Blvd. Cushman & Wakefield handled leasing. The Real Estate Center has more on DFW’s industrial market: Texas Quarterly Commercial Report Dallas-Fort Worth-Arlington industrial news Source: Dallas […]
LEANDER – The city and Leander Springs LLC, a division of iLand Development Group, is developing a 78-acre mixed-use destination project. The $1 billion Leander Springs will be at the southwest intersection of FM 2243 and 183A Toll Rd. It will have a four-acre crystalline lagoon surrounded by ten acres of boardwalk and commercial development, which includes: […]
The 2020 housing market has surpassed all expectations and continues to drive the nation’s economic recovery. The question is, will this positive trend continue throughout the rest of the year, especially given the uncertainty around the current health crisis, the upcoming election, and more? Here’s a look at what several industry-leading experts have to say. […]
COLLEGE STATION – Initial unemployment insurance claims in Texas increased to nearly 42,900 the week ending Oct. 10, reversing a four-week downward trend. This brings the total number of initial claims to 3.65 million, according to data from the U.S. Department of Labor (DOL). “The slowing claims decrease is worrisome, signaling distress in labor market conditions and reaffirming that […]
AUSTIN – The Texas Workforce Commission (TWC) will reinstate work requirements for parents receiving subsidized child care benefits. The change goes into effect Nov. 1. However, parents currently on the program who have already received at least three months of childcare following a permanent job loss will continue to be covered until Nov. 27. TWC removed the […]
AUSTIN – Eight Texas cities have landed on LawnStarter’s list of 2020’s ten best telecommuter cities. Ranking first overall, McKinney was second in work environment, second in connectivity and convenience, ninth in cost, and 25th in opportunity and earning potential. It ranked second in highest average Internet speed. No. 2 Frisco ranked first in both work […]
LEWISVILLE – Houston-based Hines is planning a four-building industrial park at 810 Round Grove Rd. near SH 121. The $32.5 million Bison Grove Business Park will contain almost 900,000 sf of space. Ware Malcomb designed the project. Construction starts early next year. The Real Estate Center has more on DFW’s industrial market: Texas Quarterly Commercial Report Dallas-Fort Worth-Arlington […]
HOUSTON – The UTHealth Behavioral Sciences is building the nation’s largest public educational mental health hospital near the Texas Medical Center. The 220,000-sf facility will be the first of its kind built locally in over 30 years. Located at 5601 W. Leland Anderson St., the project will consist of two buildings connected by a bridge. It will be surrounded […]
SAN ANTONIO – Local office activity has slowly started picking back up as workplaces began to reopen, says a CBRE report. Market-wide absorption increased to negative 69,495 in 3Q2020. Vacancy also rose, increasing 30 basis points to 15.1 percent. Although the overall market experienced another quarter of negative absorption, the Class B market closed the quarter on […]
