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Category Archives: Industry

Initial unemployment claims rise to highest level in four months

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​COLLEGE STATION – ​Initial unemployment insurance claims in Texas increase for the third straight week to 52,500 the week ending Jan. 9, the highest weekly reading since Sept. 5, 2020.  This brings the total since​ March 21 to 4.2 million, according to data from the U.S. Department of Labor (DOL).  “The increase in initial claims underscores the slowing economy at […]

261K-sf life sciences campus under new ownership

​​​THE WOODLANDS – Lexicon Pharmaceuticals has sold its ​​life sciences campus at 8800 Technology Forest Pl. The property ha​s 260,950-sf of space across five buildings.  NAI Partners represented the seller, which is relocating within the city.  Get more Houston-area industrial news on the Texas Real Estate Research Center’s website: Houston-area industrial news​ ​​​​​Texas Quarterly Commercial Report ​Source: REBu​siness […]

Upscale Hotel Granduca trades hands

​​AUSTIN – Pacific Hospitality Group has purchased the 194-room Hotel Granduca at 320 S. Capital of Texas Hwy, Bldg. B.   Amenities include a pool, game room, fitness center, and bar.   A joint venture between Interfin Companies LP and Riverside Resources developed the hotel.  Pacific Hospitality will rebrand the hotel as part of the Meritage Collection […]

StreetLights Residential opens new multifamily project

​​ARLINGTON – StreetLights Residential​’s newest multifamily community, The Jackson, is now open.  Located at 4101 Viridian Village Dr. within the Viridian development, the four-story comm​unity has 340 apartments. Floor plans range from 588 to 1,671 sf.  Amenities include a pool deck, lounge with co-working spaces, creative Maker’s kitchen, lounge and creative lab, coffee bar, fitness center, pet […]

New York investor acquires 468K-sf Lancaster warehouse

​​​LANCASTER – New York City-based Lexington Realty Trust has acquired a fully leased fulfillment center at 3201 N. Houston School Rd. The 468,300-sf property was built in 2017 and is fully leased to Petmate.  JLL represented the seller, property developer Huntington Industrial Partners.  The Texas Real Estate Research Center has more on DFW’s industrial market: ​​Texas Quarterly Commercial Report ​Dallas-Fort Worth-Arlington […]

Amazing Magnets breaks ground on 40K-sf HQ

​​​​​ROUND ROCK – Amazing Magnets LLC has broken ground on its 40,000-sf headquarters at 1992 Steam Way. ​​​​ The facility will sit on 1.8 acres in the Altman Business Park.  The company is relocating from Anaheim, Calif., and operating out of a temporary office.  Construction will be complete by the end of August.  Altman Development Group […]

New York-based investor takes 623-unit storage facility in Haslet

​HASLET – Angelo Gordon Real Estate Inc. purchased Life Storage, a 623-unit self-storage facility at 12460 US 287.  The property spans ​78,950 net rentable sf.  Bellomy & Co. represented the seller, a locally based limited partnership, and procured the buyer. The Texas Real Estate Research Center has more on DFW’s retail market: ​​Texas Quarterly Commercial Report ​DFW […]