Once you’ve found the right home and applied for a mortgage, there are some key things to keep in mind before you close. You’re undoubtedly excited about the opportunity to decorate your new place, but before you make any large purchases, move your money around, or make any major life changes, consult your lender – […]
Archives: December 2020
McKinney senior living under new ownership
McKINNEY – Draper and Kramer has purchased Adriatica Senior Living, a 121-unit rental community for active seniors. Located at 375 Adriatica Pkwy., the community is part of Adriatica Village, a mixed-use development modeled after a Croatian fishing village. The community has one- and two-bedroom units. Amenities include a courtyard gazebo, dog park, movie theater, game room, […]
Former Frost Bank tower getting $88M redo
SAN ANTONIO – A joint venture between Skanska USA and F.A. Nunnelly Co. is renovating the former Frost Bank tower at 100 W. Houston St. The interior will be complete in February 2022, with the exterior finishing up that September. Last year, the bank moved to its new headquarters next door at 111 W. Houston St. […]
Sabot planning 357-unit North Austin apartment project
AUSTIN – Sabot Development is developing a 357-unit apartment community on 9.6 acres adjacent to the Lakeline train stop. The 397,000-sf, four-story property will have one- to three-bedroom units. Amenities will include a fitness center, clubhouse, and swimming pools. Construction starts in third quarter 2021. The Real Estate Center has more news like this online for free: […]
State unemployment rate up in November
AUSTIN – The Texas unemployment rate rose to 8.1 percent in November 2020, up from 6.9 percent in October. According to the Texas Workforce Commission, the state added 61,000 nonfarm jobs last month. Texas’ private sector added 65,800 positions. The national unemployment rate is 6.4 percent. Amarillo had the lowest nonseasonally adjusted unemployment rate in the state at […]
Longbow Interests planning 270K-sf business park in Mansfield
MANSFIELD – Longbow Interests is working on a new business park on Heritage Pkwy. The $13 million industrial development will have three buildings totaling 270,000 sf. Construction begins in March 2021 and will wrap by the end of the year. The Real Estate Center has more on DFW’s industrial market: Texas Quarterly Commercial Report Dallas-Fort Worth-Arlington industrial news Source: Dallas Morning […]
Marriott hotel opening in Uptown Dallas
DALLAS – After two years of construction, the Marriott Dallas Uptown is opening at 3033 Fairmont St., near Turtle Creek. Locally based Alamo Manhattan’s 14-story, 255-room hotel was designed by WDG Architecture. It includes a rooftop pool deck, 13,000 sf of meeting space, and full-service ground-floor restaurant. Get more Dallas hotel news on the Real Estate Center’s website. Source: Dallas Morning […]
2021 Housing Forecast [INFOGRAPHIC]
Massive expansion slated for 129-acre 7700 Parmer campus
AUSTIN – Accesso is expanding 7700 Parmer, a 911,574-sf office campus at 7700 W. Parmer Ln. The expansion will add a 340-room hotel, 1,800 multifamily units, 80,000 sf of retail space, and 800,000 sf of office space. Get more Austin-area news on the Real Estate Center’s website: Austin mixed-use news Texas Quarterly Commercial Report Local […]
Corporate Office Properties Trust files $79.9M permit
SAN ANTONIO – Corporate Office Properties Trust is building a data center at 1050 Democracy. The data center will sit near the government park the company owns at 1 Sony Pl. The Real Estate Center has more on San Antonio’s industrial market: San Antonio industrial news Texas Quarterly Commercial Report Source: San Antonio Business Journal