​​PLANO – A Stockholm-based Assa Abloy Global Solutions is moving its North American headquarters from Richardson. Located at 2925 E. Plano Pkwy., the new 107,000 sf facility will employ 350 people over ten years. The company will move into the facility in October. The city approved a $282,000 grant on the condition that AAGS transfers, retains, […]

DALLAS – Office-to-residential conversion is a current trend in commercial real estate, and Dallas is one of the nation’s top markets for it. Big D ranks behind only Washington, D.C., and New York City, according to a new report by Yardi Systems. More than 3,100 Dallas-area apartments are expected to be carved out of old office space this year, […]

HOUSTON – Pocas International has purchased an industrial building at 8008 W. Sam Houston Pkwy. S. Totaling 27,893 sf, the property represents an expansion for the company, which recently sold its 16,675-sf facility at 711 Buffalo Run in Missouri City. Colliers represented the buyer in both transactions, while Partners Real Estate represented the seller of the […]

DALLAS – Texas’ business climate continues to lure large and small companies away from California, according to a report by The Center Square. Referencing statistics from​ the California Policy Center, the report says 237 companies have left California since 2005, citing the state’s expanding regulatory and taxation environment. More than half of them have moved to Texas.  In […]

MIDLAND – The city council has approved the city’s and the Midland Development Corporation’s (MDC) involvement in the development of the Hotel Santa Rita. The hotel will be backed by $125 million in private funds from Midland Downtown Renaissance LP. The Hotel Santa Rita is proposed to be full-service; have at least 135 rooms and 8,000 sf of meeting space; and have retail, restaurants, and […]

SAN ANTONIO – The city’s public works department is currently bidding out a contract worth about $5.4 million to make pedestrian improvements to Zarzamora St. from the intersection of Fredericksburg Rd. to SW Military Dr. TxDOT is funding $3.6 million, the city is paying $1.6 million, and VIA is putting in $500,000. The scope of work […]

​PLAINVIEW – Downtown revitalization is set to continue as city officials announced a major grant-fu​nded project to improve several blocks surrounding the county co​​urthouse.​​​​​ The Texas Department of Agriculture’s Community Development announced a $500,000 award for the City of Plainview to be used to fund the second phase of the city’s downtown streetscape project. This […]

AUSTIN – Brookfield Properties has broken ground on Park 290, a 792,139-sf industrial project off Decker Ln. Park 290 will consist of four buildings ranging from 76,000 to 321,000 sf. They will have 32- to 36-ft clear heights, ample car and trailer parking, and LEED certifications. CBRE is the leasing agent for the project.  Construction is expected […]