EL PASO – The city has approved a $188,774 incentive agreement that will support the $4.4 million expansion of PROD Design and Analysis. PROD plans to build out a 30,000-sf expansion to its existing building on Peter Cooper Dr. As part of the performance-based agreement, the company will retain 110 jobs and create an additional 48 […]
Archives: September 2023
Bell County approves aquifer storage and recovery
FORT CAVAZOS – An aquifer storage and recovery project for Fort Cavazos got the go-ahead Wednesday after the Bell County Water Control and Improvement District No. 1 approved Intera Incorporated and Andrews and Foster of Athens for drilling services. The well will be drilled around 1,000 ft deep. The water they are trying to access […]
Evergen Equity purchases 211K-sf SA warehouse
SAN ANTONIO – Evergen Equity recently acquired a 211,000-sf warehouse at 5827 US 90. The site was most recently assessed at $6 million, tax records show. The building currently serves as the headquarters for local equipment rental company Flasher Equipment Co. Evergen plans to renovate the 96,000 sf that Flasher does not occupy. Stream Realty Partners […]
Villas Student Housing building another West Campus complex
AUSTIN – A new student housing project has broken ground at West 24th and Rio Grande streets, former site of Cain & Abel’s. It will be the eighth installation of Villas Student Housing in the West Campus area. The 30-story, 340,000-sf building includes two levels of below-grade parking, three levels of above-grade parking, and 25 […]
Arlington's Cooper Street Plaza sold
ARLINGTON – A 91,856-sf shopping center was sold to a real estate investor with dozens of properties in Texas and Oklahoma. Located at 4629 South Cooper St. off I-20, Cooper Street Plaza is 97 percent leased. Tenants include K&G Men’s Co., Office Max, Black Rifle Coffee, UPS, State Farm Insurance, and Ninja Sushi. The buyer, […]
Uplands Corporate Center signs on new tenant
AUSTIN – CCRM Fertility has signed a 20,000-sf office lease at Uplands Corporate Center. The space spans about half of the third floor of the 124,081-sf Uplands II building. JLL represented the tenant in the lease negotiations. Cushman & Wakefield represented the landlord, Drawbridge Realty. read more…
Indiana-based investor buys 160K-sf Addison retail center
ADDISON – A retail center built in the 1980s just sold to an Indiana-based investor. Located at Belt Line Rd. and Montfort Dr., the 160,000-sf Prestonwood Place is home to Chipotle, Pollo Tropical, Twin Peaks, Orange Theory Fitness, and office tenants. It is 94 percent leased. Kite Realty Group Trust purchased the 16-acre property. The previous owner was […]
Children's Safe Harbor getting new Conroe campus
CONROE – Children’s Safe Harbor will break ground on its new center at 3006 N. Loop 336 E. in November. Construction is expected to wrap up in 13 months. The facility will be a safe haven and support center for abused children, their families, and the individuals working to protect them. It will focus on counseling, therapy, education and training. […]
3,000-acre Magnolia master-planned community to add 232 homes
MAGNOLIA – The 3,000-acre Audubon master-planned community will add 232 homes in its new Creekside South district, which is expected to break ground later this year. The new district will have 97 45-ft homesites, 59 60-ft homesites for patio homes, and 44 80-ft lots. Sitterle Homes and Newmark Homes will serve as builders for the project. read more…
Explaining Today’s Low Housing Supply [INFOGRAPHIC]
Some Highlights Wondering why the supply of homes for sale is limited today? There are a few factors at play. Lack of building over time, the mortgage rate lock-in effect, and people staying in their houses longer are three of the main reasons why supply is low. But real estate agents know exactly where to […]