ODESSA – The oldest and largest building at The University of Texas Permian Basin is being renovated. The 317,000-sf Mesa Building, which serves as the school’s academic and administrative anchor, will have up to 80,000 sf demolished, salvaged, and reconfigured. Work will include replacing ceilings, light fixtures, HVAC supply registers/return air grills, flooring, paint, and wall coverings throughout the building. […]
Archives: May 2023
The Worst Home Price Declines Are Behind Us
If you’re following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come. That’s because today’s headlines are painting an unnecessarily negative picture. Contrary to those headlines, home prices aren’t in a freefall. The latest data tells a very […]
35K-sf leased in The Ion District
HOUSTON – Rice Management Co. has signed new tenants to leases totaling roughly 35,000 sf at The Ion District, a 12-block office, life sciences, and innovation hub. Among the new tenants are Carbon Clean, Cognite, and Motif Neurotech. Savills represented ownership in all lease negotiations. read more…
Echo makes noise at 2101 Terminal Rd. in Fort Worth
FORT WORTH – Echo Fibers has leased the 41,832-sf industrial building at 2101 Terminal Rd. Built on ten acres in 1957, the building has 20-ft clear heights and 140 parking spaces. Lee & Associates represented Echo Fibers. The landlord, GT Industrial Properties, was self-represented. read more…
First master-planned community coming to Angleton
ANGLETON – Ashton Gray Development is developing an 880-acre master-planned community off SH 288. The plans include 2,450 homes at buildout, a site for an elementary and junior high school in Angleton ISD, and about 45 acres of commercial development fronting SH 288. Houses will range from about 1,400 to 3,000 sf. Phase 1 of the project will […]
Beacon Roofing Supply sells 69K-sf Cowtown industrial
FORT WORTH – Beacon Roofing Supply has sold a 69,000-sf industrial building at 5328 E. Lancaster Ave. for $5.2 million. Built in 1969 on 7.2 acres, the property was renovated earlier this year. The building has 16-ft clear heights and four dock-high loading doors. Matthews Real Estate Investment Services represented the seller. read more…
Hotel Saint Augustine breaks ground in Houston's museum district
HOUSTON – Bunkhouse is breaking ground on Hotel Saint Augustine, a 71-key, two-story hotel on Loretto Dr. and adjacent to the Menil Collection campus. The project will include adding event space, a restaurant, and a bar. Completion is slated for fourth quarter 2024. read more…
Shoppers World coming to Cypress' Steeplechase Center
CYPRESS – Shoppers World will open a 100,000-sf location in the Steeplechase Center on FM 1960 between US 290 and SH 249. Built in 1982 and renovated in 1990, the shopping center has 195,000 sf of retail space. The remaining property was also recently acquired by Highland Capital for $18 million. JLL represented the seller, Jones 1960 […]
Homeowners Have Incredible Equity To Leverage Right Now
Even though home prices have moderated over the last year, many homeowners still have an incredible amount of equity. But what is equity? In the simplest terms, equity is the difference between the market value of your home and the amount you owe on your mortgage. The National Association of Realtors (NAR) explains how your […]
How to Stop Renting and Become a First-Time Homebuyer
Key Takeaways: Renting doesn’t help build a future Homeownership can be accessible Contact your trusted local agents for more on being a first-time homebuyer Many renters discover a universal truth—renting can often feel like it lacks long-term benefits. However, each monthly rent payment potentially reduces a landlord’s mortgage while increasing their home equity. This revelation […]