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Real Estate Investing Articles

  • PenFed credits San Antonio for new service center
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    ​​​​​​​SAN ANTONIO – PenFed Credit Union is purchasing two contiguous sites at 19500 Bulverde Rd. for a new financial service center.​One 12-acre site has a two-story, 146,000-sf office building, structure parking for over 500 vehicles, and surface parking for over 450 vehicles. Employees will start occupying the space in April.The… Read more »
  • Business incubator advancing in the Valley
    ​​​BROWNSVILLE – The Brownsville Community Improvement Corp. will develop an entrepreneurial center to create and help local businesses. ​The Center for Business and Commercialization (eBridge) will be made up of 36,000 sf at 1304 E. Adams St. and an additional 24,000 sf on the same block. It will house business incubators, small business boot camps,… Read more »
  • East Austin office development opening fall 2019
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    ​​​AUSTIN – A 115,000-sf office development at 2010 E. Sixth St. will open this fall. Aquila C​ommerci​al's project will offer three floors of office space and four levels of garage parking. ​GoDaddy, a domain registrar and web-hosting company, will be the tenant. Read more »
  • Investor upgrades, flips Plano apartments
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    ​​PLANO – New York-based The Praedium Group has sold the 346-unit Legends at Chase Oaks apartments within the Watters Creek golf course.Built in 1997 at ​701 Legacy Dr., the property consists of 32 two-story buildings with a majority of the units having direct-access garages. Praedium acquired the property in 2014​ and upgraded unit… Read more »
  • Local developer buys South Side warehouse
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    ​​​​​SAN ANTONIO – The Lifshutz Cos. has bought a 25,296-sf flex warehouse at 1518 S. Alamo St. from local nonprofit Say Sí.The property is across the street from Lifshutz’s first development, Blue Star.Say Sí, which had owned the property since 2005, will continue operations in the property under a two-year leaseback… Read more »
  • Toyota 'moving foward' with $17M expansion
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    ​​​​​SAN ANTONIO – Toyota Motor Corp. is spending $17 million to expand and upgrade its two million-sf plant at 1 Lone Star Pass.A 60,000-sf facility called Toyota Motor Manufacturing Texas will be added. It will be used for car assembly and offices.Construction will begin in May and wrap up in December. ​​ Read more »
  • WalletHub: Texas 15th most innovative state
    ​​​​​​​​​WASHINGTON – Texas is the 15th most innovative state with a 47.58 score on WalletHub's State Innovation Index.The Lone Star State ranks 14th in innov​​​​​​​​​ation environment and 18th in human capital. Texas also ranks:18th in share of STEM (Science Technology Engineering and Math) professionals;​​​14th in projected STEM job demand by 2020;27th… Read more »
  • 746K-sf industrial portfolio sold along the border
    ​​​BROWNSVILLE, Mc​ALLEN – A 746,136-sf industrial portfolio in South Texas has been sold.Texas Realty Capital has arranged the acquisition financing. The non-recourse loan featured a loan-to-cost structure of 71 percent. For ​information on the economy along the border, read the Center's Texas Border Economy ​​report. ​ Read more »
  • Fort Worth home sales, prices rise in February
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    ​​FORT WORTH – Area home sales increased 1.2 percent year over year to 846 homes in February 2019, according to the Greater Fort Worth Association of Realtors.The local median price for Fort Worth homes increased 4.3 percent over the year to $222,000.The monthly housing inventory was 2.2 months last month, 0.6 months… Read more »
  • Every river starts with a stream
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    ​​​​​AUSTIN – Stream Realty Group has broken ground on RiverSouth, a 15-story, 350,611-sf office high-rise at 401 S. 1st St., across Lady Bird Lake from downtown.Construction will wrap up on the 1.4-acre triangular site in early 2021.The project includes five underground and five above-ground levels of parking, ground-floor retail space, and nine office floors.RiverSouth, which… Read more »