In a year when we’re learning to do so much remotely, homebuying is no exception. From going to work to attending school, grocery shopping, and even seeing our doctors online, digital practices have changed the way we live. This year, rather than delaying their home purchases, buyers – alongside their trusted real estate professionals – […]
GRAND PRAIRIE – Optimal Elite Management LLC has purchased a 63,000-sf office and warehouse in the Great Southwest Industrial Park. The two-story facility is on 9.5 acres at 2601 Pinewood Dr. The seller, Breg Inc., will continue to occupy the site through a six-month sale-leaseback. Optimal Elite will relocate in June. The company will create 50 jobs […]
SPRING – Hewlett Packard Enterprise (HPE) is relocating its headquarters from San Jose, Calif., to a new campus underway outside of Houston. Company executives and non-technical team members will have the option of relocating to Texas. However, HPE will maintain a San Jose presence. Get more Houston-area office news on the Real Estate Center’s website: […]
SAN ANTONIO – New York-based Andover Properties LLC has purchased a 534-unit self-storage facility. The climate-controlled property at 13608 Galm Rd.. spans 66,338 sf. The buyer will operate the facility under its trade name, Storage King USA. Marcus & Millichap represented the seller. Get more San Antonio-area retail news on the Real Estate Center’s website: San […]
FORT WORTH – Bell Textron Inc. has leased a 109,187-sf office building at 4151 Amon Carter Blvd. on American Arline’s’ former world headquarters campus. The four-story building formerly housed American Airlines Federal Credit Union. Bell Textron will consolidate 600 employees to its new Bell Commercial Business Center. Transwestern Real Estate Services and JLL negotiated the […]
HOUSTON – A partnership between Triten Real Estate Partners and Taconic Capital Advisors has purchased 1111 Fannin. The 17-story, 428,629-sf office building was fully leased to JP Morgan Chase at the time of sale. Amenities include a conference center, attached parking garage and access to the city’s tunnel system, which has more than seven miles of underground climate-controlled walkways with […]
Housing inventory is at an all-time low. Realtor.com just reported that there are 39% fewer homes for sale today than there were last year. At the same time, buyer demand remains strong. In a recent newsletter, research analyst Ivy Zelman explained: “Although the headwind of severe supply constraints in most markets has contributed to slight […]
Now that Thanksgiving is over and winter is on its way, it’s time to get nice and cozy with some of the best holiday coffee drinks that Dallas has to offer. Mexican Peppermint Mocha – Hola CaféOak CliffHidden away in Oak Cliff is one of the newest, yet more intimate…
DALLAS – Houston-based Advanced Diagnostics Hospital & Clinics has purchased an eight-story, 199,182-sf vacant hospital at 7502 Greenville Ave. Built in 1984, the building was converted into a surgical hospital in 2014. The previous tenant, Walnut Hill Medical Center, opened its doors in April 2014 before abruptly closing in June 2017. The building has 84 […]
AUSTIN – An affiliate of San Francisco-based The Axton Group has purchased the 492-room Renaissance Austin Hotel for $70 million. The hotel, part of the Marriott International family of brands, is at 9721 Arboretum Blvd. It includes 88 suites and 77,600 sf of meeting and event space. An affiliate of Walton Street Capital LLC provided acquisition financing. Eastdil […]
