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Archives: January 2021

Texas initial unemployment claims fall for second straight week

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​COLLEGE STATION – ​Initial unemployment insurance claims in Texas decreased for the second straight week to 47,300 the week ending Jan. 23. This brings the total since​ March 21 to 4.27 million, according to data from the U.S. Department​ of Labor (DOL).  “Although initial claims fell for a second straight week, they still remain elevated at around three times pre-pandemic levels, underscoring the fragility of the […]

Welcome Group acquires Houston office, industrial complex

​​​​HOUSTON – Locally based Welcome Group LLC has purchased a 129,085-sf office and industrial project. Built in 2013, the complex consis​ts of four​ office buildings and one industrial building.  ​The facility is fully leased to three tenants, including Tally Energy Services.​ Get more Houston-area office news on the Texas Real Estate Research Center’s website: Local office news​​ ​​​​​Texas Quarterly […]

UTSA breaks ground on $90M downtown center

​SAN ANTONIO – The University of Texas at San Antonio has broken ground on its downtown School of Data Science and National Security Collaboration Center.  The six-story, 167,000-sf facility will have a cafe, public event venue, classrooms, laboratories, and research and innovation space. Construction will be complete in July 2022. The Texas Real Estate Research Center​​​​ has more San […]

Texas' largest outdoor retail center sold

​​​SAN ANTONIO – Big V Acquisitions LLC is buying The Rim, the largest outdoor retail center in Texas, from Hines Global REIT San Antonio Retail I ​LP.​ The $220 million deal includes 1.04 million sf of the property, which encompasses all the outdoor shopping components and some retail strips.  The sale excludes assets owned by anchor tenants such as Target, Bass […]

Former outlet mall gets new life as mixed-use project

​PLANO – Triten Real Estate Partners has purchased Market Square Mall, a 300,000-sf former outlet mall space on 26 acres within an Opportunity Zone. The new owner will transform the project into a mixed-use development. It will include urba​n living units, office space, ​walkable restaurants, and retail space. The seller, Matthew Loh, was represented by ENGVEST. […]

Costco store, gas station planned for SA’s far west side

​​​​SAN ANTONIO – Costco Wholesale Corp. is developing a store and gas station on 16.4 acres at 191 W. 1604 S.  The 160,620-sf building will cost $15.2 million to development.  Construction begins next month and will be complete in July.​ Get more San Antonio-area reta​il news on the Texas Real Estate Research Center’s website: San Antonio-area retail news​ Texas […]