Talk of a housing bubble is beginning to crop up as home prices have appreciated at a rapid pace this year. This is understandable since the appreciation of residential real estate is well above historic annual averages. According to the Federal Housing Finance Agency (FHFA), annual appreciation since 1991 has averaged 3.8%. Here are the […]
Human Rights Day is celebrated every December 10 to honor the day, in 1948, the United Nations General Assembly adopted the Universal Declaration of Human Rights, proclaiming the inalienable rights which everyone is entitled to as a human being. Dedicated to teaching the history of the Holocaust and advancing human…
WACO – Mexico-based aluminum can provider Envases Group is opening a 450,000-sf manufacturing and distribution facility. Operations will create about 120 full-time jobs, with an additional 500 to be created through construction and indirect uses such as building maintenance and product distribution. The facility will focus on aluminum beverage containers commonly used for soft drinks, beers, energy drinks, […]
LOCKHART – The Lockhart Economic Development Corp. (EDC) is purchasing 75 acres off SH 130 north of San Antonio St. to pave the way for an industrial park. The land, which will be shovel-ready for buyers, will be divvied into at least ten-acre parcels. The plans currently show one site as large as 30 acres. The […]
MISSOURI CITY – Amazon will open a one million-sf fulfillment center in 2021. The project will create about 500 full-time jobs. The Real Estate Center has more on Houston’s industrial market: Texas Quarterly Commercial Report Houston industrial news Source: REBusiness Online
FARMERS BRANCH – A 95,488-sf building formerly occupied by Atlanta-based Haverty’s has been sold. The building has office space as well as a showroom/warehouse. Weitzman represented the seller, a Dallas-based limited partnership. Westin Co. represented the buyer. The Real Estate Center has more on DFW real estate news: Local office news Texas Quarterly Commercial Report […]
AUSTIN – Singapore-based CapitaLand has teamed up with an Austin-based investment firm to acquire 4.7 acres for the development of a multifamily property. The mid-rise, 341-unit apartment project will deliver in 2023. The Real Estate Center has more news like this online for free: Texas Quarterly Apartment Report Austin multifamily news Source: Connect Media
Last Friday, the Bureau of Labor Statistics released the November Jobs Report. It revealed that, though headed in the right direction, the nation’s job recovery has slowed. The consensus reaction is best exemplified by a quote from Glassdoor Senior Economist, Daniel Zhao: “We saw positive job gains, but I think the sentiment is largely negative […]
DALLAS – New York-based KKR has purchased Southlink Logistics Center. The more than one million-sf building off Cleveland Rd. near I-20 was built by Houston-based Hines and leased to Amazon this year. The $41 million industrial project is one of two Texas buildings KKR purchased from Hines in a $171 million deal. The Real Estate Center […]
LANCASTER – New Jersey-based DSV International has broken ground on a $65 million shipping hub at 3001 Midpoint Dr. The facility will include one million sf of warehouse space and 48,000 sf of office space. The project, which will serve as a regional office, will create 400 jobs. Dallas-based O’Brien Architects designed the project. EMJ […]
