NEW CANEY – Lowe’s is opening a 1.5 million-sf distribution center along Gene Campbell Rd. at the East Montgomery County Improvement District’s industrial park. The $65 million project will create about 200 jobs. Opening is set for July 2021. Get more Houston-area industrial news on the Real Estate Center’s website: Houston-area industrial news Texas Quarterly […]
HOUSTON – Indus Management has acquired Sharpstown Garden Apartments, a 396-unit workforce housing community at 7575 Bissonnet St. Built in 1960 and renovated in 2000, the property has one-, two-, and three-bedroom units. Amenities include multiple pools, business center, and clubhouse. The seller, Pryszant Management, had spent around $900,000 on capital improvements over the last four years. […]
SAN ANTONIO – Jacksonville, Fla.-based Pet Paradise is building its first area facility in the Stone Oak neighborhood. The two-acre project at 22811 US 281 N. will provide pet boarding, a day camp, and grooming and veterinary services. The facility will have swimming pools, artificial turfs, kennels, and vet clinics. It will employ up to 50 with caretakers on […]
The holidays are rolling in, and with them are plenty of holiday bars, pop-up experiences and seasonal menus. Here are a few of the holiday-themed bars around town, each with their own spin to themed cocktails and twinkling lights. Pick your favorite or check them all out – they…
This year, the opportunity to work remotely has increased the demand for vacation homes. Gay Cororaton, Senior Economist and Director of Housing and Commercial Research at the National Association of Realtors (NAR), notes: “Working from home is a positive factor in demand for vacation homes.” Buyers are taking advantage of the fact that working from […]
COLLEGE STATION – Initial unemployment insurance claims in Texas fell for the second week in a row, decreasing to their lowest level since the pandemic hit the economy. New claims fell to around 26,500 the week ending Nov. 28, the first time claims were below 30,000 since the onset of the pandemic. This brings the total number of initial claims since March […]
WASHINGTON – Plano took the number three spot on WalletHub’s rankings of 2020’s safest cities in America, trailing only Columbia, Md., and South Burlington, Vt. The Collin County city ranked third in home and community safety, 30th in financial safety, and 113th in natural disaster risk. Plano also ranked third on last year’s list. No. 43 Brownsville and […]
AUSTIN – Rastegar Property Co. has acquired the Esprit office building at 515 S. Capital of Texas Hwy. in West Lake Hills. The two-story, 29,685-sf office building will be Rastegar’s global headquarters. The Real Estate Center has more office news for Austin-Round Rock: Texas Quarterly Commercial Report Austin-area office news Source: Connect Media
MESQUITE – Dalfen Industrial has acquired the 396,750-sf Peachtree Distribution Center from Clarion Partners. The asset at 510 N. Peachtree Rd. is fully leased to Dal-Tile Corp., Parker-Hannafin Corp., and Bronco Orora. The Real Estate Center has more on DFW’s industrial market: Texas Quarterly Commercial Report Dallas-Fort Worth-Arlington industrial news Source: Connect Media
IRVING – Dallas Stars owner Tom Gaglardi’s Northland Properties Corp. is building an $18 million luxury hotel in Las Colinas. The 205-room Sandman Signature Hotel will total 110,000 sf. It will include a pool, gym, and meeting spaces. A 225-seat, 6,500-plus-sf Moxie’s Grill & Bar will be on the ground floor. The six-story hotel at the corner […]
