Not all frozen margaritas are created equal. In fact, whenever a bartender anywhere serves a frozen margarita, they can quickly say a “thank you” to Mariano Martinez in Dallas, Texas, for lightening their load with his innovation and contribution to American culture. The story begins with a high school dropout…
Archives: February 2021
How Much Leverage Do Today’s House Sellers Have?
The housing market has been scorching hot over the last twelve months. Buyers and their high demand have far outnumbered sellers and a short supply of houses. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), sales are up 23.7% from the same time last year while the inventory […]
Texas layoffs improve, Texans still struggling to find jobs
COLLEGE STATION – Initial unemployment insurance claims in Texas decreased to 34,700 the week ending Feb. 13, bringing the total since March 21 to 4.41 million, according to data from the U.S. Department of Labor (DOL). However, Texas’ unemployment claims are still two times greater than pre-pandemic levels. Continuing unemployment claims increased for the second consecutive week […]
Dallas Attractions With Accessibility Options
The last year has brought unique challenges related to getting out and about in our city, but accessibility should never be a barrier. Consider planning a trip to any of the following spots, which offer everything from wheelchair accessible spaces, special parking provisions and in some cases, American Sign…
New Arlington rental community on the way
ARLINGTON – Provident Realty Advisors is building Debbie Lane Flats, a 331-unit multifamily project. The project will be on 17 acres at SH 360 at Debbie Ln. Amenities will include a fitness center, pool, and dog park. Construction began in June 2020 and will wrap up in first quarter 2022. Trez Capital provided $8.7 million in financing. The Texas […]
Houston group starts on 355-unit multifamily project
SAN ANTONIO – Houston-based The Morgan Group Inc. is breaking ground on a 355-unit apartment complex in the Longhorn Quarry master-planned community. The 14-acre apartment complex along Wurzbach Pkwy. will span 14 buildings. It will have a walking trail, dog park, pool, and barbecue area. Construction begins this spring and will be completed by early 2023. Davies Collaborative […]
Palo Alto College starts on 47K-sf education, training center
SAN ANTONIO – Palo Alto College has broken ground on the Southside Education and Training Center off SH 281 and Martinez Losoya Rd. The 47,071-sf property will have a BiblioTech library, testing assessment center, conference room, multipurpose space, computer labs, skills and simulation labs, classrooms, and workspaces. The center will also offer programs such as adult […]
120K-sf Irving business park undergoing redo
IRVING – Hickory Pointe LLC is repurposing a handful of office and industrial buildings into new commercial space. Built in the 1960s and 1970s, the 120,000-sf business park is along SH 114 near the old Texas Stadium site. The renovations will reorient the buildings from Royalty Row to face the freeway and add parking to […]
StoryBuilt developing 116-home community
AUSTIN – StoryBuilt is developing George, a 116-home development at 2211 E. M. Franklin Ave. The property will have 80 one- or two-bedroom townhomes and 36 two- or three-bedroom single-family homes. Amenities will include a pool and green space. Construction will be complete in late 2022. Get more Austin-area news on the Texas Real Estate Research Center’s […]
The Reason Mortgage Rates Are Projected to Increase and What It Means for You
We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates over the last twelve months. However, there’s no guarantee rates will remain this low […]