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Category Archives: Industry

$23M Everest physical rehab hospital opening in Keller

​KELLER – The Everest physical rehabilitation hospital will open later this year on 4.32 acres at 955 S. Main St.  The $23 million, 4​0,000-sf hospital includes 36 private bedrooms and bathrooms.  ​Amenities include inpatient and outpatient gyms, outdoor mobility courtyard, aqua therapy, furnished training apartment, family gathering areas, open dining hall and patio, in-house dialysis, and​ pharmacy.  The project will create […]

Ball Corp. leasing 678K-sf warehouse in south Fort Worth

​​FORT WORTH – Ball Corp. will move into a new build-to-suit warehouse off Everman Pkwy. The 678,000-sf building will be the largest in phase one of Majestic Realty Co.’s Majestic Fort Worth South.  Completion is set for January 2021.  The Real Estate Center has more on DFW’s industrial market: ​​​Texas Quarterly Commercial Report Dallas-Fort Worth-Arlington industrial news​ ​Source: ​Dallas Business Journal

Integral Care picks up 70K-sf office building

​AUSTIN – Integral Care has acquired the American Founders Building, a 70,000-sf, Class B office building at 6937 N. I-35.  Frost Bank provided a $14 million loan for the buyer.  ECR represented the seller, Covenant Management Systems LP.  The Real Estate Center has more office news for Austin-Round Rock: ​Texas Quarterly Commercial R​eport Austin-area office […]

Austin home sales dip in April, but prices keep rising

​​​​AUSTIN – Local home sales saw a double-digit fall in April with COVID-19 and shelter-in-place orders slowing transactions.  Single-family home sales through the Multiple Listing Service decreased 21.6 percent to 2,611, according to the Austin Board of Realtors (ABoR). Consequently, sales dollar volume fell 18.3 percent to $1 billion.  Although sales decreased, homes still spent less time […]

Houston office vacancy up 110 basis points YTD

HOUSTON – ​​As of mid-May 2020, overall office vacancy is up 110 basis points at 21.9 percent compared with this time last year, according to NAI Partners.  Local office availability is up 30 basis points at 26.3 percent compared with a year ago. The market has recorded six million sf of leasing activity, while net absorption is at negative 499,000 sf. March economic […]