Real Estate Investing Articles

  • EastGroup Properties to develop 369K-sf industrial park
    ​​SAN ANTONIO – Industrial developer EastGroup Properties is planning its latest industrial park.Ridgeview 35, which will consist of four buildings totaling 369,000 sf, will be across from Brooke Army Medical Center between I-35 and Loop 410 along Binz-Engleman Rd. Phase one of the project will consist of two buildings totaling 226,000… Read more »
  • Pantego Auto Center pit stops for owner change
    ​​​ARLINGTON – A 1031 exchange investor has purchased the Pantego Auto Center, a 36,910-sf retail center at 2101 W Pioneer Pkwy.The center was fully leased at the time of sale to a mix of tenants in the automobile industry. Marcus & Millichap secured the buyer and represented the seller, a private… Read more »
  • NitNeil loads up on 678-unit Round Rock self-storage
    ​​​​ROUND ROCK – NitNeil Partners has purchased a 678-unit self-storage facility at the corner of University Blvd. and N.A.W. Grimes Blvd. Built in 2017, the multistory property spans approximately 78,000 rentable sf of climate-controlled space. Life Storage manages the property, which is NitNeil’s second in metro Austin, including one under construction within… Read more »
  • Victory Capital takes a lap around La Cantera
    ​​​SAN ANTONIO – Victory Capital Holdings Inc. will occupy two floors in the WestRidge at La Cantera complex at 15935 La Cantera Parkway, also known as the WestRidge Two building. The company agreed to move its headquarters to San Antonio in exchange for $500,000 in economic incentives from the city, after… Read more »
  • Global Heat Transfer Houston inks 42K-sf lease extension
    ​​​HUMBLE – Global Heat Transfer Houston has signed a 41,675-sf industrial lease extension at 14428 Smith Rd. Newmark Knight Frank represented the tenant in the lease negotiations. Capital Real Estate Commercial represented the landlord. Read more »
  • Austin second-best large city to live in, reports WalletHub
    ​WASHINGTON – The Texas capital is the second-best large city in which to live, according to WalletHub's comparison of the 62 largest U.S. cities. Austin lost the top spot to Virginia Beach, Va., by a narrow margin.WalletHub, a personal finance website, based its rankings on indicators such as quality of public schools, job opportunities, and… Read more »
  • $895M complex to consolidate Austin-area state agencies
    ​​AUSTIN – A new downtown development currently in the works will consolidate area state agencies into 1.5 million sf north of the capitol.The first phase of the $895 million Texas Capitol Complex started in 2018. That phase consists of two new office buildings—a 416,000-sf building at 1601 Congress Ave. and a 603,000-sf building at 1801 Congress Ave.—and five levels of underground parking.Phase one… Read more »
  • McAllen industrial market vacancy hits record low
    ​​McALLEN – Second quarter 2019 net absorption softened compared with first quarter 2019, but remained positive registering almost 103,000 sf of net absorption and 233,000 sf of gross absorption.Quarter-over-quarter, the marketwide vacancy rate dipped by 14 basis points and fell from 3.5 percent in 2Q2018 to 1.6 percent, setting a new… Read more »
  • One and Three Riverway wrap up renovations
    ​​​​HOUSTON — Endurance Builders has completed renovations of One and Three Riverway, two office buildings totaling 880,000 sf.Ziegler Cooper Architects handled the design of the renovation. Upgraded amenities include a coffee bar, tenant lounge, fitness center, and conference centers. CBRE handles leasing of the buildings, and Unilev Management Corp. manages them. Read more »
  • Quadrant Investments acquires former RK Group HQ
    ​SAN ANTONIO – Quadrant Investment Properties has bought The RK Group's current headquarters at 1220 E. Commerce St.The company borrowed $4.3 million from HFM Services to buy the 71,342-sf building with plans to build an office and retail building on the site.Situated on five acres, the property includes a large surface parking… Read more »