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Real Estate Investing Articles

  • Houston medical office absorption up 48K sf last month
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    ​HOUSTON – Overall vacancy for local medical office space was at 17 percent and availability was at 18.5 percent in February, both down from the previous month. According to NAI Partners, leasing activity was 230,000 sf in February 2020. Net absorption (move-ins minus move-outs) was at 157,000 sf, up from 109,000 sf in January 2020. There was 251,000 sf… Read more »
  • TxDOT proposes $28M FM 1488 widening project
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    ​​MAGNOLIA – The Texas Department of Transportation has proposed widening FM 1488 from US 290 Business to Joseph Rd. to improve safety, mobility, and connectivity. The $28 million project will widen the current two-lane road to a four-lane road with a median that spans approximately 20 miles. The project also seeks to improve connectivity… Read more »
  • Gov. Abbott introduces rental assistance program to ease COVID-19 strain
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    ​​​AUSTIN – Governor Greg Abbott and the Texas Department of Housing and Community Affairs (TDHCA) have introduced a tenant-based rental assistance program for Texans experiencing financial hardships. Abbott has waived statutes related to the Department of Housing and Urban​ Development's (HUD) HOME Investments Partnership program, which provides grants in partnership with nonprofits to build, buy,… Read more »
  • $1.2M New Life Apostolic Church opens in Killeen
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    ​KILLEEN – New Life Apostolic Church has opened a new $1.2 million building at 4712 E. Rancier Ave. The church can seat 279 people. Due to the coronavirus outbreak, the church will offer streaming services until it is able to open to the public.The Real Estate Center​​​​ has more Killeen-Temple real estate news​ online.​​Source:… Read more »
  • ABOR reopens in-person showings after executive order
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    ​AUSTIN – Realtors in the metro are being told they can show properties again under a new statewide COVID-19 order. After Central Texas’ first shelter-in-place orders ​were announced, the Austin Board of Realtors (ABOR) strongly discouraged its members from in-person showings in certain locations. ​However, after a recent executive order from Gov. Greg… Read more »
  • Trinity Industries takes 150K-sf at International Plaza
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    ​​FARMERS BRANCH – Trinity Industries is moving its headquarters to the International Plaza office campus on the Dallas North Tollway.The company is taking 150,000 sf in th​e high-rise project just north of Spring Valley Rd. on the west side of the tollway. Trinity Industries owns its current location at 2525 N. Stemmons… Read more »
  • 55K-sf Rockwall shopping center sold
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     ROCKWALL – Ridge Road Towne Center, a 54,250-sf neighborhood shopping center, has been sold.Built in 2005, the property at 1107 Ridge Rd. was 74 percent leased at the time of sale. Wellington Realty represented the seller.The Real Estate Center has more on DFW's retail market:​​Texas Quarterly Commercial Report​DFW retail news​Source: REBusiness Online Read more »
  • 278-unit Windrush Apartments trades hands in Fort Worth
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    ​​​​FORT WORTH – Shore to Shore Properties has sold the 278-unit Windrush Apartments to a California-based buyer. ​​Built in 1984, the property at ​3500 Renzel Blvd. has both apartments and townhomes. Amenities include two pools, a fitness center, basketball court, and picnic areas. FourPoint Investment Sales Partners arranged the transaction. The new owner will implement… Read more »
  • Houston Mini Storage under new management after acquisition
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    ​​HOUSTON – A locally based buyer has acquired the 31,490-sf Houston Mini Storage at 12841 S. Main St.The 240-unit facility was 84 percent occupied at the time of sale.Bellomy & Co. represented the buyer. NGKF represented the locally based seller.Get more Houston-area news on the Real Estate Center's website:Texas Quarterly Commercial Report​Houston-The Woodlands-Sugar… Read more »
  • Star Cinema to open 57K-sf Woodlands location at former Randall’s site
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    THE WOODLANDS – Star Cinema Grill has leased 56,911-sf within the Windvale Center at 9429 College Park Dr. The company, which was recently acquired by Cinemex, will replace a Randall’s grocery store.The J. Beard Real Estate Co. represented the landlord, Brixmor Property Group.Get more Houston-area news on the Real Estate Center's website:Texas Quarterly Commercial… Read more »