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Latest Market News and RECON
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| Market News |
$34M Alwin O. and Dorothy Highers Athletics nearly complete
(Education,
Waco,
8/29/2008)
Baylor's $34 million Alwin O. and Dorothy Highers Athletics and Academic Complex has taken strong steps toward completion. The facility will join other athletic facilities along the Brazos River across...
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1600 Pacific headed to foreclosure auction
(Mixed-Use,
Dallas-Fort Worth-Arlington,
8/29/2008)
(Dallas) - A Pacific Avenue high-rise set for apartment conversion is now headed to foreclosure auction instead. Lenders have posted the 1600 Pacific tower for forced sale next month. Foreclosure filings...
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204-Unit La Cantera Place planned for UTSA student housing
(Multifamily,
San Antonio,
8/29/2008)
The Place/BV Student Housing Fund will develop La Cantera Place, a 204-unit and 624 beds student housing community, located one-half mile from the University of Texas-San Antonio. It is expected to open...
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22-unit complex sold in Denton
(Multifamily,
Dallas-Fort Worth-Arlington,
8/29/2008)
(Denton) - Denton, Texas-based Avenue A Investment LLP has sold the La Maureta apartment complex in Denton. The 22-unit property is located at 417 Withers St. in Denton. A California-based private investor...
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61-Unit apartment complex sold
(Multifamily,
Houston-Sugar Land-Baytown,
8/29/2008)
(Houston) - The Redford Square Apartments, a 61-unit multifamily property located at 9406 Redford in Houston, has sold. The property was sold by a Houston-based private investor. It was acquired by a...
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ALN apartment data for July 2008 - Austin
(Multifamily,
Austin-Round Rock,
8/29/2008)
The average occupancy rate in Austin apartments during July 2008 was 90.6 percent, according to ALN apartment data. This occupancy rate was down 2.5 percent from July 2007. The average rent for Austin...
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ALN apartment data July 2008 - Dallas
(Multifamily,
Dallas-Fort Worth-Arlington,
8/29/2008)
According to ALN data, multifamily occupancy in Dallas for July fell to 90.5 percent. That is down from 91 percent in June. However, it is only a drop of 0.1 percent compared July 2007. The average quoted...
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| RECON |
Billingsley's Arts Plaza Follow-Up
(Mixed-Use,
Dallas-Fort Worth-Arlington,
8/29/2008)
DALLAS ( Dallas Morning News ) – Construction is set to begin next year on developer Billingsley Co.’s planned follow-up to the recently completed $150 million One Arts Plaza in the city’s...
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More Affordable Housing in Austin
(Multifamily,
Austin-Round Rock,
8/29/2008)
AUSTIN ( Austin American-Statesman ) – The Housing Authority of Travis County has opened three new apartment communities geared toward lower-income families and individuals.
At the $21 million...
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New Home Sales Up, Prices Down
(Housing,
U.S.,
8/29/2008)
WASHINGTON (Associated Press) – Sales of new homes were up last month according to the latest report from the Commerce Department.
Sales rose by 2.4 percent last month to a seasonally adjusted...
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Texas Economy Outperforms Nation's
(Economy,
Texas,
8/29/2008)
COLLEGE STATION (Real Estate Center) – The state’s nonfarm employment rose 2.4 percent from August 2007 to August 2008, up from 2.3 percent for the period from July 2007 to July 2008. But...
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Big D's Big Job Growth
(Economy,
Dallas-Fort Worth-Arlington,
8/29/2008)
DALLAS ( Dallas Morning News) – Three Texas cities were among the strongest job markets in the country over the past year, according to preliminary data released Wednesday by the U.S. Department...
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Regent's Grand Land Purchase
(Housing,
Houston-Sugar Land-Baytown,
8/29/2008)
MONTGOMERY (globest.com) – Regent Properties Inc. has purchased 700 acres in far north Houston for $20 million.
Regent plans to develop the land, which includes the 18-hole Grand Lakes Estates...
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Midwest Air Sets Course for Skyline
(Industrial,
Dallas-Fort Worth-Arlington,
8/29/2008)
MESQUITE (globest.com) – Midwest Air Technologies Inc. will soon occupy 259,200 sf of a Class-A cross-dock in Skyline Trade Center.
The Illinois-based company signed a five-year lease that will...
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