AUSTIN – German multinational energy companyRWE Renewables has signed a 69,000-sf office lease at Centro, a mixed-use development at 1401 E 6th St. CBRE represented the tenant in the lease negotiations. Owner Riverside Resources was represented internally. read more…
Archives: May 2023
Amazon-leased warehouse delivers to California-based investor
DALLAS – Cohen Asset Management Inc. has purchased a warehouse in south Dallas. The 920,000-sf logistics facility at 3351 Balmorhea Dr, south of I-20, is fully leased to Amazon. The California-based investor has purchased two other warehouses in Dallas since 2018, plus a 700,000-sf industrial building in Wilmer. The firm owns over eight million sf in Texas. read […]
North Texas housing market turns up the heat
DALLAS – Dallas-Fort Worth’s housing market ranks fourth among the 50 largest U.S. metros and 11th among all 212 U.S. metros, according to Bankrate’s Housing Heat Index. DFW ranked third in job growth and sixth in population growth for the largest markets. Overall, though, DFW ranked eighth in job growth, 37th in population growth, 41st in home price appreciation, 138th in unemployment, […]
Longview's Hotel Wingate sold
LONGVIEW – Hotel Wingate by Wyndham Longview North has been sold. The 67-room hotel includes an indoor pool, fitness center, business center, and meeting rooms. Marcus and Millichap arranged the sale and procured the anonymous buyer. read more…
Leonard making big waves with water treatment plant expansion
LEONARD – The city’s water treatment plant is about to get an expansion. This expansion will treat water from the recently completed Bois d’Arc Lake, Texas’ first major reservoir to be built in more than 30 years. The treated water will go through six pumps. The plant can process 70 million gallons per day and may […]
The Benefits of Selling Now, According to Experts
If you’re trying to decide if now’s the time to sell your house, here’s what you should know. The limited number of homes available right now gives you a big advantage. That’s because there are more buyers out there than there are homes for sale. And, with so few homes on the market, buyers will […]
484K-sf industrial project in the works in southeast Houston
HOUSTON – GTIS Partners of New York will develop a 484,000-sf industrial project on the city’s southeast side. The development will consist of a 355,017-sf, cross-dock building and a 128,999-sf, rear-load building on a 26-acre site. The buildings will have 36- and 32-ft clear heights, respectively, and combined parking for 382 cars and 92 trailers. Construction […]
Frisco's Fields to sprout new growth
FRISCO – The first phase of development will soon begin on a new, 175-acre, mixed-use project. North Fields will have 620 apartments in the initial phase. It will eventually also have office, retail, and commercial buildings. The project is part of Fields, a $10 billion development that will have 14,000 homes and apartments as well as commercial space. JHP architecture is […]
Abilene tire plant sets wheels in motion for big expansion
ABILENE – Bridgestone Bandag, a retread tire plant, is adding 50,000 sf to its 200,000-sf facility. The expansion will cost $60 million. Over the next decade, the project is estimated to add $21 million in taxes to the city, county, and school district. It will allow for 25 additional jobs in the company. Bridgestone Bandag has been in Abilene […]
Texas has 'roared back' from COVID job losses
COLLEGE STATION – A couple of years ago, it was hard to imagine Texas recovering from substantial COVID-related job losses. However, a Texas Real Estate Research Center (TRERC) research economist says data show the state’s job numbers have “roared back.” TRERC’s Dr. Adam Perdue said Texas employment has more than recovered relative to the 2016-19 trend line for the last few months, […]