According to a recent survey from the Wall Street Journal, the percentage of economists who believe we’ll see a recession in the next 12 months is growing. When surveyed in July 2021, only 12% of economists consulted thought there’d be a recession by now. But this July, when polled, 49% believe we will see a […]
When it comes to local color, corny dogs and Big Tex are local icons. The State Fair of Texas® delivers them all, and DART is your ride to the adventure! This year’s theme is especially flavorful: “Treats of Texas!” The yearly tradition starts Sept. 30 and runs through Oct. 23. Here are some helpful tips […]
CONROE – Wood Partners has broken ground on Alta Sergeant, a 354-unit apartment community along I-45. Alta Sergeant will offer one-, two-, and three-bedroom units. Amenities will include a pool, dog park, clubhouse, fitness center, business center, outdoor kitchen, and conference and entertaining spaces. Residents will also have access to surface parking and on-site car […]
HOUSTON – RPM Living Investments and DRA Advisors have acquired San Paloma at 1255 Elridge Pkwy. The 372-unit apartment community has one- and two-bedroom units averaging 1,050 sf. Amenities include a fitness center, heated spa, dog park, pool, business center, playground, and outdoor lounge spaces. A partnership between Blackstone and LivCor sold the property. Amerant Bank […]
AMARILLO – The city council has approved the construction of Producer Owned Beef, a $670 million beef processing plant. The 1,100-acre facility will process at least 3,000 head of cattle daily. It will employ more than 1,500 with a payroll of $120 million per year. Producer Owned Beef received more than $12 million from the Texas Enterprise […]
ARLINGTON – Incab America has signed a 40,000-sf industrial lease at 2821 E. Randol Rd. Built in 1968, the property is a single-tenant building. Lee and Associates represented the landlord, Arden Logistics Management LLC. Transwestern represented Incab. The Texas Real Estate Research Center has more on DFW’s industrial market: Texas Quarterly Commercial Report Dallas-Fort Worth-Arlington industrial news Source: […]
SAN MARCOS – Highpointe Communities has started on Sendero at Trace, a 399-unit multifamily complex. The $73 million project will have one-, two-, and three-bedroom options ranging from 775 to 1,300 sf. Amenities will include a pool, fitness center, clubhouse, and outdoor gathering space. Units will be available by the end of 2023. The Texas Real Estate Research Center has […]
FORT WORTH – Avondale Development has purchased a 21-acre development site along Bonds Ranch Rd. Avondale owns a 175-acre site behind the development that will become a retail center. Avod Holdings LLC was the seller. Henry S. Miller brokered the deal. Get more Houston-area news on the Texas Real Estate Research Center’s website: Texas Quarterly Commercial Report Houston-The […]
The desire to own a home is still strong today. In fact, according to the Census, the U.S. homeownership rate is on the rise. To illustrate the increase, the graph below shows the homeownership rate over the last year: That data shows more than half of the U.S. population live in a home they own, […]
HOUSTON – Local medical office vacancy rose 0.4 percent since July 2021 to 16.7 percent last month, according to NAI Partners. The market recorded 588,000 sf of leasing activity year to date in July 2022. Overall net absorption totaled 80,000 sf. So far this year, 1.1 million sf is under construction, and 235,000 sf has been delivered. The average […]
